Thesis Corner: Interview with Alex Shaw on Wages Between Different Countries

This week, I interviewed our own Alex Shaw for our first Thesis Corner of 2017. Take a read! Can you explain to our wonderful readers what your topic is? Yeah, I’ll give it a shot. So, my topic is about comparing wages across countries and essentially using a measure PPP to control those wages their actual buying power within the country that they are in. What made you choose that topic? I originally wanted to do something more along the lines of income by college major but if you Google that you’ll find many articles that have covered that pretty Continue reading Thesis Corner: Interview with Alex Shaw on Wages Between Different Countries

The Drink Exchange

The Drink Exchange is an increasingly popular software being implemented in bars across the world. How it Works Designed to mimic the real-world Stock Market, prices of drinks rise and fall depending on popularity. Television screens across the bar show real time prices of drinks that change by the minute depending on supply and demand. This may be the only market in the world where everyone is hoping for a crash. Promotions As for now, customers are fighting to purchase drinks at the lowest price they can. In the future, however, the company plans to incorporate more Stock Market themed Continue reading The Drink Exchange

Fake Milk: An Introduction

I recently read an article from the Associated Press called: ‘Fake milk’ is the latest food fight among industry leaders. It discussed contentions surrounding guidelines for what is or isn’t milk according to the Food and Drug Administration. Essentially, dairy producers argued that their use of milk was misleading, and in violation of the FDA’s standard of identity for milk which states “complete milking of one or more healthy cows.” Proponents of alternative milk argued that these standards of identity are too restrictive, or just aren’t relevant. In this post, I will focus mostly on the economics of milk and milk Continue reading Fake Milk: An Introduction

The Expectation Game

Recent news from the head of the FED Janet Yellen has led to an increase in confidence that interest rates will be raised. The meaning behind the potential rise of interest rates is two-sided. While some are scared and unsure about the implications of the increase, others see the positive side of what the increase actually means. In 2008 when the U.S. experienced the Great Recession, the FED dropped the interest rate to zero. By dropping the rate to zero, the FED intended to get the economy back on its feet. More than 6 years later the rate has barely Continue reading The Expectation Game

Medical Professionals Begin to Weigh “Financial Toxicity” in the Balance for Cancer Patients

The interaction between health and money is well-established in America. Money does not necessarily imply perfect health, but rather that should a serious illness crop up, wealthy individuals have the resources to address it with the best treatments available. Of course, this approach is not possible for all Americans, and a series of recent studies have begun to investigate just what happens to patients when the cost of prescribed cancer treatment is out of reach. A recent article published by NPR provides a number of truly stunning statistics, and I strongly encourage readers to give it a look. The research Continue reading Medical Professionals Begin to Weigh “Financial Toxicity” in the Balance for Cancer Patients

Not enough workers? The problem Denmark faces

It’s not often that you see countries have a lack of workers available across the nation, but it is the problem that Denmark has on its hands right now. An article from the New York Times outlines what the Danes are dealing with currently, but they simply don’t have enough skilled workers available to fill the jobs they need. The unemployment rate is at 4.3%, and has recovered extremely fast after the recession that hit across Europe. If the unemployment rate goes any lower, the country could run into inflation problems. The NYT notes that this has occurred before: During an economic Continue reading Not enough workers? The problem Denmark faces

The Broken Textbook Market

On average, an undergraduate student will spend $1200 annually on textbooks. I have become quite thrifty with my textbook shopping over the years. I ask friends if I can buy their old books, I check with the local libraries, and I scour the internet for deals. This year, I even waited to buy my textbooks until specific homework problems were assigned out of them, hoping I could skim by without the professor noticing- a tactic I do not recommend. Even after all of this, I still end up spending hundreds of dollars every semester on books. What makes textbook prices Continue reading The Broken Textbook Market

Maple Syrup: A Challenge to the Cartel

Did you know about 72% of the world’s maple syrup supply comes from Quebec, Canada? To clarify, I’m not talking about brands like Aunt Jemima or Mrs. Butterworth’s which use mostly corn syrup, but the authentic, came-from-a-maple-tree stuff. The stuff that costs $40 a gallon, not $8 a gallon. Some quick facts about maple syrup production. Maple syrup is generally made from the sap of either sugar maples or red maples. Sap production requires cold nights and temperate days, and is highly variable. The sap is transferred from the trees to the “sugar shack” by spouts using tubing and gravity. Once Continue reading Maple Syrup: A Challenge to the Cartel

Possible Economic Boom?

Generally, when an economics student is taking the introduction to Macroeconomics Theory the most commonly used word that will come out of the professor’s mouth is Gross Domestic Product (GDP). GDP is a term defined as the value of all final goods and serviced a country produces in a given period. This monetary value enacts as an indicator of how the overall economy is doing. However, two other factors play a role in what a sustainable economy looks like. These factors are 1) inflation: the change of prices over time and 2) the unemployment rate. In the eyes of economist’s, Continue reading Possible Economic Boom?

The Uncertain Future of Digital Advertising

So far, this series has examined recent trends in digital advertising, and covered various approaches to increasing digital ad revenue. This installment will take a look at the apparent trajectory of this industry, and some of the challenges that publishers and content creators face. At the moment, the future direction of digital advertising is in question. Agencies are being founded with the express purpose of selling unblockable advertising, while other companies opt for paywalls or simply barring adblock users from accessing their sites in the first place. Some companies such as Twitch have found success with new ad serving technology, Continue reading The Uncertain Future of Digital Advertising