Caffeine Highs and Lows

Among the biggest coffee drinkers in the world, euro-zone consumers are cutting back. As one Milan café owner explained, “Since the beginning of the year most of our regulars cut their coffees f…

A Top Selling Artist

At a Christie’s auction, a painting of a candle by German artist Gerhard Richter sold for $16.5 million. A recent documentary on this 80-year-old artist shows him painting in his studio and atte…

Paying the Simpsons

Rather than accept a 45% salary cut, the voices of Bart, Homer, Marge and Lisa have said this might be their last season. Reportedly paying close to $8 million a season to each of the major voices, 20…

Oil Dilemmas

The good news? We are driving more again–more miles than any year since 2007. The bad news? We are driving more again–more miles than any year since 2007.. Here are the facts from a W…

The Afghan Votes Market

In Kunduz Province, the price of a vote was $15 while in Kandahar, it was closer to $1.  Do we have a market? Just like shoes or shirts, it appears that the price of an Afghan vote was determined…

A Demand and Supply Lesson

A recent NPR report on the changing status of marijuana in California is also a supply and demand story. The story begins in 1983 when the Reagan administration sought to decimate pot production in Ca…

Hot Wing Markets

Opening on April 1 in NYC, the Exchange Bar & Grill has food and drink prices that respond instantaneously to demand.  As described in a Reuters article, if everyone wants hot wings, then, in…

A Bag Tax

Washington, D.C. got a bag tax on January 1. Now, any store that sells food (even a book store that sells mints) has to charge its customers $.05 for every bag they use (not just for the food but ever…

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