
Economics
Around the Halls: The outcomes of China’s 20th Party Congress
The 20th National Congress of the Chinese Communist Party was held from October 16 to October 22 2022. Brookings experts reflect on the elite political gathering, and what its outcomes mean for China and the rest of the world.
Fed Is Losing Billions, Wiping Out Profits That Funded Spending
(Bloomberg) -- Profits and losses aren’t usually thought of as a consideration for central banks, but rapidly mounting red ink at the Federal Reserve and many peers risks becoming more than just an accounting oddity.Most Read from BloombergAdidas Cuts Ties With Ye, Absorbing €250 Million Profit HitRenters Hit Breaking Point in a Sudden Reversal for LandlordsChina Stocks Slide as Leadership Overhaul Disappoints TradersCalifornia Poised to Overtake Germany as World’s No. 4 EconomyThe bond market i
Turkey prices are 73% higher than last year and might stay that way through Thanksgiving, commodities strategist says
The ongoing spread of bird flu will likely affect the price and availability of turkeys leading up to Thanksgiving.
Not keeping up with the Joneses: the one factor that makes us less likely to emulate our neighbours on climate action
Subsidies are often a policy go-to for governments wanting to encourage more climate-friendly behaviours. But they should be used with caution.
Apple Raising Prices for Apple TV+, Music Services for the First Time
Apple is hiking fees for the Apple Music and Apple TV+ subscription services for the first time. In the U.S., the cost of Apple TV+ for new and existing subscribers will increase to $6.99 per month…
The shipping supply chain is looking almost...normal?
The number of ships waiting to unload at the Ports of LA and Long Beach have dropped from 109 to four.
For freight companies, this year’s peak will be weak
FreightWaves founder and CEO Craig Fuller provides insight into 2022's peak season.
Morning Brew
How Spirit Halloween Became a Titan of the $10 Billion Halloween Industry | The Economics Of | WSJ
Each fall, there’s one store that suddenly seems to be just about everywhere: Spirit Halloween. The brand taps into the $10 billion Halloween industry by set...
Behind 'Tarjay:' Target’s Strategy Combines Bargain and ‘Elevated’ Products | The Economics Of | WSJ
About 75% of the U.S. population can find a Target store within a 10 mile radius. WSJ’s Sarah Nassauer explains how the retailer leverages its physical stores to grow services like in-store pickup and same-day shipping. Photo Illustration: Ryan Trefes
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How Drinks Helped Dunkin' Become a $9 Billion Empire | The Economics Of | WSJ
Dunkin’ started out as a small doughnut-and-coffee shop in Massachusetts in 1948 and has grown to over 12,000 stores in 40 countries. WSJ’s Heather Haddon ex...
Editorial: Pa. House should quickly pass financial literacy bill
A bill before the state Senate would require Pennsylvania high school students to pass a half-credit financial literacy class. It’s a smart move...
Average hours employed people spent working on days worked by day of week
What Have Workers Done with the Time Freed up by Commuting Less? - Liberty Street Economics
The COVID-19 pandemic has dramatically changed the way Americans spend their time. One of the most enduring shifts has occurred in the workplace, with millions of employees making the switch to work from home. Even as the pandemic has waned, more than 15 percent of full-time employees remain fully remote and an additional 30 percent work in hybrid arrangements (Barrero, Bloom, and Davis). These changes have substantially reduced time spent commuting to work; in the aggregate, Americans now spend 60 million fewer hours traveling to work each day. In this post, we investigate how people spend this saved time on other activities. Using detailed data from the American Time Use Survey (ATUS), we find that employed individuals allocate their saved commute time toward leisure activities and sleeping, while reducing overall work hours.
American Time Use Survey Home Page
Your Paycheck Next Year Will Be Affected by Inflation. Here’s How.
If you get a raise, you may not end up in a higher tax bracket. But more of your income may be subject to Social Security taxes. And you’ll probably pay more for health care.
401(k) limit increases to $22,500 for 2023, IRA limit rises to $6,500 | Internal Revenue Service
IR-2022-188, October 21, 2022
IRS: Here are the new income tax brackets for 2023
The IRS has released higher federal tax brackets and standard deductions for 2023 to adjust for inflation. Here's what filers need to know.
What We’ve Lost Playing the Lottery
The games are a bonanza for the companies that states hire to administer them. But what about the rest of us?
Question of the Day: $549 AirPods Max on credit...If you make the minimum payments, how long before this credit card bill is paid off? - Blog
You can use credit to buy the hottest item of the year. But is it worth the price? Answer: 4 Years and 6 Months [and $873.04 total price] Questions: Considering the cost of AirPods Max, do you think this is a good idea? Explain your answer. What big-ticket items or once-in-a-lifetime experiences do you think are worth spending money on?
Greg Mankiw's Blog: Why I fear the Fed may be overdoing it
College graduates are overestimating the salaries they'll start out at by $50,000, report finds
Demand for talent is driving college graduate starting salaries higher but they may fall far short of expectations.
Visualizing the Highest-Paid Athletes in 2021
Athletes pull huge sums of money from their on-field and off-field contracts. Here we rank the top 50 highest-paid athletes in the world.
Federal deficit was cut in half last year, Treasury Department says
But the road ahead looks more troubling for the nation's fiscal situation.
Blink-182 Tickets Are So Expensive Because Ticketmaster Is a Disastrous Monopoly and Now Everyone Pays Ticket Broker Prices
Or: Why you are not ever getting an inexpensive ticket to a popular concert ever again.
Even Halloween candy can't hide from inflation
Here's how much the price of popular Halloween candies went up this year
U.S. surgeon general says workplaces are taking a toll on Americans' mental and physical health
“As we recover from the worst of the pandemic, we have an opportunity and the power to make workplaces engines for mental health and well-being,” Surgeon General Vivek Murthy said.
The insane resurgence of vinyl records
Vinyl has reclaimed its throne as the most-popular physical music format. But can the industry meet the demand?
Polaroid’s approach to marketing: Then and now | BANKNOTES
Polaroid was founded over 75 years ago in 1937, since then, the brand has been running at an intersection of technology, innovation, art, and photography.