A Nutty Demand and Supply Story

Our almond story starts on the demand side in China with a name change. Just like apricot kernals, California almonds had been called xing ren until the apricot kernel growers accused the Americans of…

Purchasing Power

The Big Mac Index is out again and not much has changed. Norway’s Big Macs are expensive and Chinese Big Macs are cheap. What do Big Mac prices tell us about purchasing power? Starting with an average…

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…

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