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Kim Kyung Hoon/Reuters Nobel-prize winning economist Joseph Stiglitz says bitcoin serves no useful function — other than circumventing legality. Stiglitz, who has called on bitcoin to be outlawed, told Blooomberg Television from Davos: “We have a good medium of exchange called the dollar.” He argues that regulating bitcoin would mean driving it out of existance […]
Imelda Medina/Reuters The Mexican peso could drop by as much as 25% if NAFTA collapsed, according to Edward Glossop, Latin America economist at Capital Economics. The Mexican peso was under pressure earlier this week after the Trump administration came out swinging for the fourth round of NAFTA re-negotiations. The Mexican peso could drop like a ton of bricks […]
Bureau of Land Management/Flickr The United States has an extensive system of amazing parks. From the Shenandoah National Park, close to where I grew up, to Sequoia National Park, where I am a trustee for Lost Soldier’s Cave, our national parks connect Americans to our remarkable landscapes and wilderness areas. I have annual passes to […]
Days after returning to Rio de Janeiro from a yearlong fellowship at Berlin’s Institute for Advanced Studies, Lena Lavinas attended a conference and delivered an unrelievedly bleak diagnosis of Brazil’s economic crisis. The economist and Federal University of Rio de Janeiro (UFRJ) professor went on the offensive after a speaker’s comments about the country’s overvalued […]
There are several different kinds of frequent flyers. Aviation geeks. Just love planes, and all things aerospace. Luxury value seekers. Points and elite status are tools to enjoy travel to the fullest, without paying full price. Lowest price travelers, seek to get travel at the lowest possible cost and doesn’t understand spending more miles for […]
ON MAY 4th William Baumol, one of the great economists of the 20th century, died. Mr Baumol, who kept working into his 90s, published more than 500 papers across a dazzling array of topics; his best-known work, describing “cost disease”, was essentially a side-project. He was a scholar whose stray thought on a sleepless night […]
IN 1853 the government of India, then directed by Britain’s East India Company, began construction of a vast rail network, continued by the British Raj, established in 1858. At the time, most inland transport in India was hauled by draught animals: with carts where roads existed and were passable; packed on animals’ backs when they […]
Can anything be done to make people happier with their jobs? What can prevent people from overeating? Will people like beer with balsamic vinegar in it just because they’ve been told it contains a “secret ingredient”? These are some of the questions that Dan Ariely, a behavioral economist at Duke University, has studied in his […]
Guy Berger gets off on Excel, and he’s not shy about it. He is an unabashed nerd, of the sort who can be publicly adored only in Silicon Valley. His socks are a few inches too high and the deep grooves on his forehead bounce as his eyes feverishly scan supply-demand graphs and mile-long spreadsheets. […]
