Economics

Opening statements are set for Tuesday morning in a trial that mashes up Ed Sheeran’s “Thinking Out Loud” with Marvin Gaye’s “Let’s Get It On.” The heirs of Gaye's co-writer of the 1973 soul classic, Ed Townsend, are suing Sheeran in a trial that started in Manhattan federal court Monday. After a jury was picked, jurors were told to await openings on Tuesday. Townsend's heirs say Sheeran's 2014 hit is so similar to “Let's Get It On” that it violates copyright. Sheeran is among witnesses expected to testify. His lawyers say the similarities are simply the basic chord progressions and song structures behind much of pop music.

Global defense spending hit record $2.2 trillion last year.

The flawed assumptions of the House GOP’s revived plan for work requirements.

It looks as if it simply took time for potential workers to match up with jobs and return to the labor force after the pandemic, White House economists argue.

Professional sports drafts are designed to promote parity and competitiveness among teams, with the worst-performing teams getting the top picks in the next season. However, this well-intentioned system has been plagued with misaligned incentives that have led to tanking and other forms of unsportsmanlike behavior. Recent events in the NBA and NFL drafts highlight these problems and their economic implications.

The decision to have or not have children isn’t made in isolation.

Composers and recording artists are all different too, but the music is identical—what's going on?

The U.S. dollar is the dominant currency in the global financial system, but some countries are following the trend of de-dollarization.

Is a worker being underpaid and exploited if someone working a comparable job gets paid more than them? Many would say yes. But there’s a fundamental problem with comparing the value of different jobs.

Worksheet – Supply and demand, Shortage, Labor market Related news articles: The labor shortage in Helsinki will deepen in the coming years (Helsinki Times, April 14, 2023), and New research delivers grim warning about ongoing nursing shortage (ABC 11, April 14, 2023) Summary: This worksheet coul...

Funds have been moving out of banks, particularly small and medium-sized banks. Much has been going into Money Market accounts, while some has moved to larger banks, and some directly into Treasuries. The outflow from banks has been triggered by widespread fears following the SVB and Signature Bank runs and closures. The Financial Times placed the inflows to Money Market funds at $340 billion (graph below.) "Bank deposits have fallen $363 billion to $17.3 trillion since the beginning of March, Fed data show.

Typical time use varies by who you talk to. This interactive shows you the differences when you vary age and sex.

“I’m sorry, Dave”… I might take your job. Walmart said it expects 65% of its stores to be serviced by automated distribution centers by the end...

As Easter approached, The New York Times for Kids took a trip to a world of marshmallow magic.

Republican senators are standing up to a major threat to the nation.

A Boston city councilor has proposed barring city liquor stores from selling the single-serve bottles that hold 100 milliliters or less of booze - both as a way to address alcohol abuse and excessive litter. Councilor Ricardo Arroyo says several other Massachusetts communities have banned the sale of the tiny bottles and the impact on public health and the environment has been tangible. But the proposed ban on minis is receiving pushback from the liquor industry. The Massachusetts Package Store Association says a ban would hurt locally owned businesses financially without addressing the underlying problems of litter and alcohol abuse.

High inflation, fear of recession and disruptions — like the collapse of Silicon Valley Bank — how did we get here? FRONTLINE examines the Federal Reserve's policies and the potential consequences of its record pace of interest rate hikes to try and fight inflation.

Some families are still spending thousands of dollars per year on lifesaving medication. Policymakers are finally doing something about it.

Hawkish comments by Federal Reserve Chairman Jerome Powell helped push a closely watched part of the U.S. Treasury yield curve to its deepest inversion since 1981 on Tuesday, once again putting a spotlight on what many investors consider a time-honored recession signal.

TAX DAY! We know that you have filed a long time ago but if you need a reminder! What a great day to talk about where your tax $$ are going in class! So many economic concepts that you can cover! Where would you allocate the money? What are the trade-offs? #TeachEcon #TaxDay pic.twitter.com/99cs6XZBLk— NAEEnet (@NAEEnet) April 18, 2023

With baseball games getting shorter, beer sales are going longer.

Buying a home as a millennial is harder than giving up avocado toast.

In marriages where both partners have the same income, women spend about four-and-a-half more hours a week on chores and caregiving than men.

"Excuseflation," explained.

The news comes amid mounting concerns over the app among lawmakers over security concerns with its Chinese owners.

Latin music revenue surged 24% last year to hit a record high of $1.1 billion in the US.