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…
Category:
Economy
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).…
Protesters in Brussels participate in the Walk for Your Future climate march ahead of COP27. United Nations climate conferences typically reach their peak just as they close, when they unveil…
Total housing starts fell to a 1.427 million annual rate in November from a 1.434 million pace in October, a 0.5 percent drop. From a year ago, total starts are…