Should We Buy Local?

I just finished an omelette with eggs and spinach from a nearby farm. It tasted good, I supported local business and I helped the environment. You could say that I had my cake (but it was spinach) and…

Chicken Economics

Ten chicks. If I were teaching in Uzbekistan instead of Summit, NJ, I might have received 10 Serbian chicks as a part of my salary. According to Radio Free Europe, the Uzbek government partially paid …

Giraffes and Levis

French fashion, food, wine and now a French giraffe. Most French moms buy Sophie for their newborns. Seven inches tall, with brown spots, black eyes and pink cheeks, she is just a rubber toy giraffe t…

Chinese State-Run Firms

Where would your cell phone, your car, your gasoline, your savings account and the TV station you watch all have one thing in common? China. Called state capitalism, 45% of the Chinese economy is owne…

A Tale of Two T-Shirts

What if the cost of producing a woman’s polo shirt is $29.57? Its manufacturers would sell it to retailers for $65.00 who then mark it up to a $155.00 selling price. According to the Wall Street…

Locavore Legislation

Being a locavore can be confusing. Eating broccoli from the local farm stand tastes good and makes many of us feel good. It is a pleasure to support local farmers and get vegetables the day they were …

More Sole Rights

Should a musician be happy with file-sharing and piracy? Maybe. According to a recent study of counterfeits, certain businesses should welcome “fakes.” The study looked at counterfeit foot…

The Fabric of Free Trade

The roof of the big-box store near your home could contain fabric that was made in Greensboro, N.C. Transported in rolls that are 12 feet wide and 5,000 yards long, this material is also made in South…

African Notes

If you were asked to select the world’s fastest growing economies, maybe you would place China at the top of your list.  This Economist Daily Chart sums it all up. 6 of the world’s fa…

Should We Buy American?

How to diminish unemployment? The NY Times tells us about a Montana general contractor who plans to use only American-made goods for building his homes. Explaining, he said,  “I think we co…

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