Now or Later?

Reading about why people have a tough time delaying gratification, I started to think about countries. First people… A part of your brain–the insula–becomes more active when faced wi…

Opposing Austerity

Thinking about our fiscal woes, I keep returning to the fallacy of composition. Here it is: When one farmer harvests a huge crop and sells it, her profits soar. But if every farmer grows more and sell…

Greek Red Tape

Our story begins with 3 Greek entrepreneurs who want to create an e-commerce business selling olive products. It ends as Oliveshop.com begins to flourish with orders from the U.S., Australia, Japan, M…

Who Is Unemployed?

Does an unemployment rate of 8.3% mean we have 8.3% unemployment? Not necessarily. Using what Abbott and Costello might have said, a Huffington Post journalist explains why. Costello: I want to talk a…

Doing Business in Greece

Sometimes getting 100 is not the best grade. In the World Bank’s Ease of Doing Business Index, 183 nations are ranked in terms of the friendliness of their regulatory environment. Greece is #100…

Greek Austerity Facts

With a March 20 deadline approaching, new European bailout negotiations continue to emphasize austerity. Curious about what austerity specifically meant, I looked at a Greek newspaper. In the sports s…

Greek (Debt) Myths

Maybe sell some islands and an ancient ruin or two? In Boomerang, Blind Side author Michael Lewis repeats what German politicians were suggesting in 2009 when they heard that the Greek debt was much l…

Heed the Herd

By Mira Korber, guest blogger. Just the other day, I walked outside to find all six of my horses facing the exact same direction, muscles tensed, ears pricked, nostrils flared…Clearly their hors…

Why Might People Cheat?

When are people more likely to cheat? Behavioral economist Dan Ariely says to look at sweatshirts, the Ten Commandments, dollar bills and cans of Coca-Cola. In one experiment, Ariely discovered that m…

Greek Taxes

Having added property taxes to electric bills, the Greek government is shutting off the power to people who do not pay what they owe. The response? In a northern suburb of Athens, a mayor has assemble…

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