Robots Are Now Climbing Skyscrapers
A new technology is hitting the skylines in New York and Tel Aviv—window washing robots. The new robot, called OZMO (due to its use of reverse osmosis to cleanse the…
You’re Not Hired: New Grads Face Challenging Job Market
Graduation. A time of time of joy, bittersweet goodbyes, anticipation, new beginnings. Well usually, but for many recent new graduates, it’s also a time of frustration. This year, many new…
Big Mac, Big Price
Has McDonald’s become too expensive? That’s a question McDonald’s executives are trying to answer as the company reports disappointing earnings. Once a destination for a quick and inexpensive meal or…
ZiGs: The World’s Newest Currency
In 2009, following an extreme bout of hyperinflation, Zimbabwe abandoned its national currency. During the period of hyperinflation, prices were increasing at an astonishing rate of 5 billion percent annually.…
Oh, SNAP!
A perfect storm is hitting low-income families. During the pandemic, Congress passed an aid package that increased benefits under the Supplemental Nutrition Assistance Program (SNAP), which is commonly referred to…
Price-fixing Pork Producers
Pork producer Hormel Foods has agreed to pay $11 million to settle a class actionlawsuit alleging price-fixing in the pork industry. The lawsuit, originally filed in 2018,claims Hormel Foods and…
GDP Growth Slows in the First Quarter of 2024
US GDP grew at a 1.6 percent annualized rate in the first quarter of 2024. This is significantly lower than the 3.4 percent growth in the fourth quarter of 2023.…
Navigating Trade-Offs: The Rise and Challenges of Micro-Apartments in Urban Housing Markets
In a world where many people struggle to find affordable housing, micro-apartments have become a popular idea to help tackle this problem. These tiny apartments, usually between 150 and 400…
Exploring Bentley’s Sales Decline: Supply and Demand
In the world of economics, the concepts of supply and demand are crucial in understanding how markets work. Recently, Bentley Motors, known for its luxury cars, faced a drop in…
Cyberattack Fallout: Economic Impact and Imperatives
Change Healthcare's recent cyberattack, resulting in daily losses of up to $100 million, offers a stark reminder of the far-reaching economic consequences of cyber threats. Beyond the direct financial hits,…