Have you ever wondered why urban cities exist and why they’re located where they are? Historically, these spaces exist due to a confluence of human factors rooted in geography, politics, and human society. But their existence has fundamentally been driven by their ability to offer social and cultural advantages to their inhabitants, bringing people closer together to accelerate human achievement. Here, we explore a few factors: Economic Agglomeration Today, roughly 56% of the world’s population (4.4 billion inhabitants) – live in cities. They provide a platform for economic activities to thrive; as populations concentrate in urban areas, businesses benefit from Continue reading Metropolitan Areas, City Planning… but why?
The 2008 Great Recession rocked the American economy like a seismic wave, unleashing sky-high unemployment rates and an alarming surge in home foreclosures, something the country hadn’t witnessed since the infamous Great Depression. This economic upheaval had its roots in the subprime mortgage meltdown, but its effects extended far beyond just housing. It crept into mutual funds, pensions, and the very corporations holding these shaky securities, creating a domino effect of financial instability that resonated within many households nationwide. Now, a full decade after the recession, and two presidencies later, the impacts are still haunting us. Workers continue to grapple Continue reading The Federal Reserve and the Great Recession: Unraveling the Role of Monetary Policy
Summer vacation has just ended, and travel is always exciting. But it has to be said that when you arrive at a new destination, the most important thing is not to immediately start enjoying the local food and scenery. Accommodation is always a problem, especially the seasonal fluctuations in hotel prices. Why Adjust Hotel Prices? Same with air ticket price changes. We often book flights that later become cheaper, or conversely, failing to catch the cheapest airfares. It’s not just about charging more during the peak season or lowering prices during the off-season to attract guests. They make adjustments to Continue reading Hotel Price Adjustments and Ordering Guidelines
It’s 12 o’clock in the afternoon, and like you, thousands of Americans need their midday coffee. You stroll to your local coffee shop and get in the long line. You shuffle forward and order your drink. You know prices have been rising because of inflation, but you are happy to pay 5 dollars for your afternoon latte. You pay and turn to wait for your drink, but suddenly, the barista turns around their iPad, and you are presented with 3 tipping options. Not trying to take up anyone else’s time and fearing that the barista can see your tip, you Continue reading Tipping Fatigue: Why Americans Say Tipping is Out of Control
On campus, the Cellar is a popular dinner spot known for its pizzas, ice cream, and late hours of operation. A current issue the Cellar is facing is the build-up of waste. Most people order their food “to-go”, getting their food in disposable cardboard pizza boxes and ice cream cups which causes a lot of trash. One way that the Cellar helps promote ordering “for-here” instead of its counterpart, is by offering a 10% discount when you mention you would like your food in-house. Not many people do this, however, and people who eat in-house tend to order “to-go” despite Continue reading Ways to Help Increase Sustainability on Campus