Supply & Demand

Third Way is a centrist think tank that offers fresh thinking and modern solutions to the most challenging problems in U.S. public policy, including the economy, energy, national security and social policies.

The Tax Foundation released the map above (“The Relative Value of $100) earlier this week in a post titled “The Real Value of $100 in Each State,” here are some details: This map (above) shows the real value of $100 in each state. Prices for the same goods are often much cheaper in states like […]

Slightly more than half of Americans say they are stockpiling food or plan to because of fears of a COVID-19 surge and unrest around the election.

Eight-hospital Beaumont Health, the Southfield-based system that treated more COVID-19 patients than any hospital in Michigan, is on its way to stocking personal protective equipment in its warehouses for up to 90 days in preparation for a second surge of the pandemic.That's what Beaumont estimates…

French Champagne producers have decided to put unprecedented limits on the quantity of grapes they’ll harvest this year

While California braced for another round of rolling blackouts Monday night, the state's grid operator held off for a second straight night.

Can patients be coached to ask the right questions to doctors about treatment costs when they are seeking cancer treatment?Lauren Hamel, a researcher in population health and assistant professor in oncology at Wayne State University School of Medicine, felt they could ask better questions and also…

After months of President Trump calling on the Postal Service to increase prices for commercial customers, the agency has agreed to seek rate hikes.

Domino's Pizza Inc. is looking to hire 350 people across metro Detroit in a national push for more employees as diners continue to turn toward takeout and delivery options during the monthslong COVID-19 pandemic.The Ann Arbor-based pizza giant has 20,000 job openings across the country, from…

It's hard to overstate the importance of football to America's college towns.So far, two of America's so-called Power Five athletic conferences — the Big Ten and Pac-12 — have nixed their fall football seasons over coronavirus worries, although they're considering restarting in spring…

The U.S. Postal Service has removed at least 10 automated mail-sorting machines throughout Michigan facilities this summer, lowering first-class mail-processing capacity by more than 300,000 letters per hour, postal worker union leaders told Crain's.At least three bar code sorting machines have…

Buyers are rushing to get more living space as the pandemic continues. But many potential sellers are keeping their homes off the market, resulting in the worst drought on record of previously owned homes for sale.

While the COVID-19 pandemic has negatively affected the bottom line of a variety of industries, the subscription-based business model has remained popular and profitable as shopping habits have changed."Obviously you've had people who in the past would have just worked 9 to 5, come home to eat…

FT Trade Secrets writer Aime Williams goes on a mission to find toilet roll. The coronavirus outbreak has emptied supermarket shelves. But why can't manufacturers just divert the unused office paper?

Lockdowns put the brakes on production in Asia while boosting bicycle demand for use in exercise and commuting.

Dumbbells and free weights have been hard to find amid the COVID-19 pandemic, but you can still buy them online at Amazon, Walmart, and more.

The COVID-19 pandemic shook the lodging industry particularly hard, and turned many hotel businesses upside down. But, like a shaken snow globe, the...

The delay of the spring buying season prompted by the COVID-19 pandemic continues to fuel home sales into the colder months that are typically slower for the housing market. Data from Farmington Hills-based Realcomp Ltd. II released this week shows yet another consecutive month of year-over-year…

This is the latest item that could be at risk for shortage.

The 2000 presidential election was defined by dimpled, hanging and pregnant chads — tiny holes punched in paper ballots that became the focal point of the Florida recount that decided the presidency.The 2020 presidential election may be remembered for the time-consuming process of Michigan…

It’s a waste if we don’t use failure as a basis to learn and improve. Check out this story and more news from The Coca-Cola Company.

Stanford's Paul Milgrom and Robert Wilson are honored for their "inventions of new auction formats." Auctions are now used to price Internet ads, wholesale electricity and fishing permits.

Denver is experiencing its most competitive housing market in history, largely driven by the new work-from-anywhere culture of the coronavirus pandemic.

McDonald's said its U.S. same-store sales in the third quarter rose nearly 5% as customers ate more Big Macs and McNuggets for dinner.

As if it hasn't been hard enough recruiting work forces over the past couple of years, with booming sales and low unemployment, before the coronavirus pandemic. Now, as business slowly creeps back to normal, automotive companies face a new challenge: Amazon. The online marketplace plans to…