Archive for the ‘economics’ Category

Pizza Inflation Slices Through New York

January 19, 2023

Pizza Inflation Slices Through New York

The quintessential New York street food is a slice of pizza. While pizza-shaped objects appear in other cities, travelers and ex-New Yorkers have long considered the cheesy wedges of neighborhood slice joints throughout the Five Boroughs the ne plus ultra, exemplar and cornerstone of the city’s unique curbside cuisine.

Pandemic-related supplychain snags and inflation have now hit New Yorkers where they eat. The average cost for a cheese slice in the Big Apple is now 3 dollars.

More:

“Mapping the Death of NYC’s Cheap Slice,” Sarah Holder, Bloomberg

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Photo (Cheese slice, Joe’s Pizza, 14th Street, NYC) by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht,NotionsCapital.com

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The Language of Power

January 10, 2023

Ha-Joon Chang explains why economics — the language of power — is too important to be left to economists. A video from the Institute for New Economic Thinking.

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Do High Heels Mean an Elevated Economy?

September 2, 2021

Do High Heels Mean an Elevated Economy?

“Trevor Davis, a former consumer products expert at IBM, came up with a theory that matched heel length with economic upturns. ‘The index worked by analysing social media and other online sources for influencer and consumer references to shoes and boots where there was either a specific height of heel mentioned, like ‘four inches’ or a phrase that could be equated easily to a height,’ he says. ‘We then correlated that with a variety of indicators of economic performance to get the index.’ He says the data revealed that when economic indicators turned down the heel height initially went up, but if the economy remained in a recession state for more than a few months then heel heights went down.”

— “Can the ‘high heel index’ predict economic growth?” Priya Elan, The Guardian

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Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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Is History Important?

March 17, 2020

If we’re headed for a recession, blame the economists who flunked history class, explains Robert Skidelsky in this video from the Institute for New Economic Thinking.

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Banning Stock Buybacks

March 9, 2020

When the Trump administration slashed their taxes, corporations invested the windfall in building new facilities and creating new jobs, right? Of course not. They spent the cash on stock buybacks. That’s good for corporate execs but a disaster for the economy. William Lazonick explains in this video from the Institute for New Economic Thinking.

More:

“Why Stock Buybacks Are Dangerous for the Economy,” William Lazonick, Mustafa Erdem Sakinç, and Matt Hopkins,. Harvard Business Review

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Davos 2020: The USA is Represented by Ivanka.

January 6, 2020

Davos 2020: The USA is Represented by Ivanka.

World leaders and the billionaires who own them will gather in Davos Switzerland this month for the annual World Economic Forum. The United States will be officially represented by White House Lifestyle guru Ivanka Trump and her husband, Secretary of Everthing Jared Kushner. Ms. Trump’s appearance will follow her keynote address at the 2020 Consumer Electronics Show where she’ll doubtlessly talk about replacing the abused workers in her garment sweatshops with robots.  Since the Davos golf season ended in October, President Trump may not attend again this year.

More:

“Ivanka and Jared included in presidential delegation to Davos,” Matthew Choi, Politico

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Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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How America’s CEOs got so rich

December 9, 2019

How did American CEOs get insanely rich? Stock buy-backs. A Vox video.

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Will Economists Flunk History, Bring On Recession?

December 5, 2019

Robert Skidelsky explains why economists need to know history. He assumes that political leaders listen to economists. As an economist, he should know better. A video from the Institute for New Economic Thinking.

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How Corporate Welfare Hurts You

October 9, 2019

“When corporations get special handouts from the government, it costs the rest of us. We have to pay more in taxes to make up for these hidden tax breaks, subsidies, and loopholes. In turn, there’s less money for good schools and roads, Medicare and national defense, and everything else we need.”

— “How Corporate Welfare Hurts You,” Robert Reich, The American Prospect

Related:

“The High Public Cost of Low Wages,” Ken Jacobs, Ian Eve Perry and Jenifer MacGillvary, UC Berkeley Labor Center

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Taxing the Super-Rich

August 14, 2019

What is a wealth tax, anyway? Alvin Chang explains. A Vox video.

There’s a related fact sheet here

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Comments are welcome if they are on-topic, substantive, concise, and not boring or obscene. Comments may be edited for clarity and length.

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