Sunk Cost
The U.S. Navy amphibious assault ship USS Bonhomme Richard (LHD-6) underway in the Gulf of Mexico during builder's sea trials, circa in early 1998. On July 12, 2020 a fire broke out…
In Africa, Don’t Reach For Your Wallet, Grab Your Mobile Instead (video)
Video Clip: https://www.voanews.com/covid-19-pandemic/coronavirus-pandemic-fuels-mobile-money-transactions-nigeria (Time: 3:04) Abstract: As the COVID-19 pandemic continues to disrupt business and lives across the world, one industry that is still growing is Africa’s mobile money business.…
Let’s Talk Turkey
Over the past 50 years, Americans have nearly doubled their annual average turkey consumption from 8.2 pounds per person in 1970 to 16.1 pounds per person in 2019. During this…
Sunk costs, the COVID surge, and non-refundable holiday air tickets
Daily new confirmed COVID-19 cases (7-day rolling average) in the United States Jan. 3, 2020 - Sep. 17, 2020 Holiday gatherings, the COVID-19 surge, and the sunk cost fallacy: Why…
Bud Lightning
In honor of the Tampa Bay Lightning’s 2020 Stanley Cup victory, Budweiser has announced it will produce a limited-release run of “Bud Lightning” bottles to be sold in the Tampa…
Aluminum Can Shortages Slow Beverage Production
Dr. Pepper took to social media to apologize to its loyal customers for the shortage that they are facing. Many customers are having a hard time finding the product in local stores.…
Microsoft Replaces Dozens of Employees With Artificial Intelligence
BBC reports, dozens of Microsoft employees (outsourced through a media firm) were informed their services were no longer needed. They are being replaced with artificial intelligence and software that can…
T-Mobile & Sprint $30 Billion Merger Approved
After several months of legal proceedings, the T-Mobile and Sprint merger has been approved. The merger required approvals from the Department of Justice and the U.S. Federal Communications Commission. Through…
Econ Everyday Classic: There’s Pea in My Coffee!
Due to a combination of increased global demand and poor harvests, coffee prices in 2011 rose some 69% to reach its highest price in over three decades. As a result,…
Econ Everyday Classic: High Cashmere Prices Left in the Dust
Once a pinnacle of luxury clothing found only in high-end fashion stores, by 2006 cashmere sweaters, which typically sold for hundreds of dollars, could be found in big box stores…