Sales of new single-family homes rose again in November, increasing 5.8 percent to 640,000 at a seasonally-adjusted annual rate from a 605,000 pace in October. The November gain was the…
Category:
Economy
The final December results from the University of Michigan Surveys of Consumers show overall consumer sentiment improved for the month but remains near historically low levels (see first chart). The…
On April 23, 1985, the Coca-Cola Company made one of the biggest mistakes in American business history: it changed the formula for Coca-Cola. Outraged consumers sent hate mail to Coca-Cola…
For years the North Korean playbook was obvious to the world. The Democratic People’s Republic of Korea wanted to be the center of attention. If the rest of the world…
Real gross domestic product rose at a revised 3.2 percent annualized rate in the third quarter versus a 0.6 percent rate of decline in the second quarter and a -1.6…
After the final lecture of my Fall 2022 International Economic Policy course (an undergraduate offering meant to introduce non-economics majors to the economics of international trade) a student confessed to…
In Risky Business: Why Insurance Markets Fail and What to Do About It (Yale University Press, 2023), economists Liran Einav (Stanford), Amy Finkelstein (MIT), and Ray Fisman (Boston U.) attempt…
Sales of existing homes sank another 7.7 percent in November to a 4.09 million seasonally adjusted annual rate. That is the tenth consecutive monthly decline leaving the selling pace at…
When you think about “voter suppression,” you probably think about the kinds of restrictions that disenfranchised Black voters who lived under Jim Crow. Maybe you think about ID laws or…
The Consumer Confidence Index from The Conference Board rose in December following two consecutive declines. The composite index increased by 6.9 points, or 6.8 percent, to 108.3 (see first chart).…