NYTimes Link Drop (EU Ditching Biofuel Subsidies, Tata Nano, the Flow of Remittances)

From just about wherever he is in the world, Pete checks out the NYTimes every morning. Here are some stories he recommends.

1. Europe, Cutting Biofuel Subsidies, Redirects Aid to Stress Greenest Options

Governments in Europe and elsewhere have begun rolling back generous, across-the-board subsidies for biofuels, acknowledging that the environmental benefits of these fuels have often been overstated.

Related: The Issue with Biofuels…

2. Four Wheels for the Masses: The $2,500 Car

What does it take to build the world’s cheapest car? For Tata Motors of India, which will introduce its ultra-cheap car on Thursday, the better question was, what could it take out?

Tata Nano- the stripped down people's car
Tata Nano- the stripped down people’s car. View larger image.

Tata Motors Peoples’ Car – One lakh Car – TATA NANO

Big soundtrack (Richard Strauss’ “Also sprach Zarathustra”) for such a little car. 🙂

Related: Serving the BOP: Cars under $3,000 and Story Update: $3000 cars

3. The Global Scale of Migrant Money Flows [Infographic]

A new study suggests that 1 in 10 people on the planet directly benefit from money sent home by migrants working in other countries. Here are figures detailing that money’s impact on developing nations in 2006.

Original NYT story: Migrant Money Flow: A $300 Billion Current

migrants from poor countries send home about $300 billion a year. That is more than three times the global total in foreign aid, making “remittances” the main source of outside money flowing to the developing world.

Surveys show that 80 percent of the money or more is immediately spent, on food, clothing, housing, education or the occasional beer party or television set. Still, there are tens of billions available for savings or investment, in places where capital is scarce. While remittances have been shown to reduce household poverty, policymakers are looking to increase the effect on economic growth.