Category: News

It’s that time of year again, the time where you put off all your work in a mad scramble to dream up the perfect costume for the imminent Halloween festivities.  If you’re like us, those festivities will definitely have an Economics theme.  This is an admittedly difficult crowd to fit in with.  But don’t worry,…

The best laid plans of mice and corporate villains often go awry.  That’s the lesson Turing Pharmaceuticals CEO Martin Shkreli is learning after a San Diego based competitor announced they were undercutting his carefully crafted drug monopoly.  On Thursday, Imprimis Pharmaceuticals revealed its plan to offer a viable alternative to Daraprim, slashing the price of the potentially lifesaving medication from $750 to just under $1…

There’s a broad consensus across the political spectrum that many aspects of the U.S. healthcare system fall short of the ideal; costs are too high, access too low, coverage too limited. The controversy surrounding healthcare reform stems from clashing philosophies on how to best solve these issues.  In the most recent wrinkle in the ongoing…

With negotiations for the Trans-Pacific Partnership (TPP) finalized but the full details of the trade agreement not yet revealed, politicians have taken to asserting its virtues or exposing its perceived evils, and to speculating over its economic impact. The shadow of NAFTA looms large over the discussions. The 1994 trade deal between the US, Mexico,…

Several years ago, during the peak of the “China takeover” prophesy, in which China was assumed to be primed for global dominance, the conventional wisdom held that China owned the US through its massive accumulation of US Treasury bonds, and that a massive Chinese sell-off would be the death knell of America’s economy. China is…

In this era of extreme political polarization, one issue appears to unite economists from across the ideological spectrum: immigration.  Both perception surveys and academic literature point to a tenuous consensus that immigration has a positive, if modest, impact on the host country’s economy.  The economic rationale is that immigrants are filling a labor demand, thus…

While Hurricane Joaquin is not likely to make landfall as it treks by the Atlantic Coast during the next few days, it is expected to cause major coastal flooding and beach erosion. Already, 11 to 15-foot waves are being reported off the coast of New Jersey. Those waves are expected to get higher and stronger…

Angelos Angelou shares his insights into how Greece can dig out of its economic crisis (p.6)

Last week Royal Dutch Shell announced that it will cease its explorations and drilling in the Arctic for the “foreseeable future.” The move is being hailed as a victory by environmental activists, who forced delays via maritime blockades in Portland and Seattle. Shell, however, contends that the move is driven by market forces: with $7…

Angelos Angelou discusses the state of the economy of Greece in terms of tourism, flat taxes, bouyant talent, reinvesting in education and losing the victim mentality.