California cities ban new gas stations in battle to combat climate change
Bay Area cities have started banning the construction of new gas stations to combat climate change. Some lawmakers hope Los Angeles could join the movement soon.
California Governor: Nothing epitomizes market failures more than the cost of insulin
Insulin management has improved dramatically over the past decade, but the price of insulin has nearly tripled. California has proposed a new solution to curb the price.
Sri Lanka's crisis cripples once burgeoning middle class
COLOMBO, Sri Lanka (AP) — Miraj Madushanka never thought he'd need government rations to ensure his family could eat two meals a day, but Sri Lanka’s economic crisis, the worst in its history, has recast his life and those of many others in its burgeoning middle class.
Reinventing credit cards: Responses to new lending models in the US
Buy now, pay later could pose a challenge to credit cards’ leading position in US payments. To sustain profitable growth, issuers may need to rethink their products, economics, and value propositions.
With Recession Threatening, The Lipstick Effect Kicks In And Lipstick Sales Rise
NPD Group reports that sales of lipstick are rising more than twice as fast as other products in the beauty category this year. This lends more credence to the Lipstick Effect theory that in tough economic times, sales of lipstick rise.
Dr. Carly Urban Shares Insights from Recent Meta-Analysis of Financial Education Experiments - Blog
You may be aware of a recent meta-analysis I did with some colleagues—Tim Kaiser, Annamaria Lusardi, and Lukas Menkhoff. We look at all experiments that randomize who did—and did not—receive financial education across every single experiment ever written! On average: financial education improves financial behaviors in a cost-effective way. Figure 3 from the research brief linked above shows that financial education improves behaviors across many domains! While those findings are exciting for the financial education field, they say very little about what works and for whom.
US wages are rising rapidly, but not enough to keep up with inflation
Between December 2020 and 2021, wages and salaries for civilian workers rose by 4.5 percent, the fastest annual increase since 1983. This fast growth has driven salaries 1.2 percent above their pre-pandemic trend. But prices have also risen rapidly.
The U.S. Inequality Debate | Council on Foreign Relations
Public policy experts call income and wealth inequality one of the defining challenges of this century. Recent crises have accelerated these divisions, and the COVID-19 pandemic has deepened them fur…
Politicians blame “corporate greed” for the formula shortage. But it’s their own destructive policies that are to blame. ————To make sure you see the new w...
Author Gerald Van Dusen tells the story of Detroit's Birwood Wall: Hatred and Healing in the West Eight Mile Community. This isolated black enclave transformed a symbol of discrimination into an expression of hope and perseverance.