Sep 26 Column: Which currencies are overvalued? The Mini Mac Index tells all By Benn Steil, Emma Smith The “law of one price” holds that identical goods should trade for the same price in an efficient market. But to what extent does it actually hold internationally?… Continue reading
Sep 25 Watch This company raised minimum wage to $70,000 — and it helped business By PBS News Hour In 2015, Gravity Payments CEO Dan Price announced he would raise the company’s minimum wage to $70,000 a year by 2017 and slash his own compensation by more than 90 percent. More than a year later, Price reports the company's… Continue watching
Sep 23 Air pollution takes its toll on productivity even for those with desk jobs By Making Sen$e Editor Even in a job where employees' only physical exertion involves answering the phone, air pollution takes its toll on productivity. Continue reading
Sep 23 Bill allowing 9/11 families to sue Saudi Arabia vetoed by Obama By Darlene Superville and Josh Lederman, Associated Press President Obama has vetoed a bill that would have allowed the families of 9/11 victims to sue the government of Saudi Arabia. Continue reading
Sep 22 Watch 8:06 The psychological trick behind getting people to say yes By PBS News Hour Asking for someone’s phone number in front of a flower shop will be more successful because the flowers prime us to think about romance. Small, subliminal cues change our willingness to be sold on a product, on ideas or even… Continue watching
Sep 22 What’s ‘Pre-Suasion?’ How marketers make us receptive to an ad By Paul Solman The factor that frequently determines whether people are going to make a particular choice is not the factor that counsels wisely or the one that leads to the greatest economic benefit. It’s the one that’s top of the consciousness in… Continue reading
Sep 22 This innovative idea can ‘unshackle’ poor people from payday loans and bad credit scores By Kristen Doerer By building upon a widely used, informal lending practice in the immigrant community, José A. Quiñonez is giving poor immigrants access to credit in the financial mainstream. Continue reading
Sep 22 I keep falling. Will Medicare cover a home health aide? By Philip Moeller Medicare usually only covers things that are deemed medically necessary by your doctor or another health care professional. But what's considered "medically necessary"?… Continue reading
Sep 21 Watch 3:36 News Wrap: Fed will keep key interest rate near record lows By PBS News Hour In our news wrap Wednesday, the Federal Reserve said it will hold on keeping a key, short-term interest rate near record lows. Chair Janet Yellen suggested a hike was likely before year’s end. Also, the crisis in Syria took center… Continue watching
Sep 21 Column: Who will be next to lead the UN? By Vikram Mansharamani At the end of the year, Secretary-General Ban Ki-moon will step down after a decade of service. Who will be the next person to tackle issues like climate change and the refugee crisis?… Continue reading