Assume for a moment that you have just rented a 4th floor walk-up apartment for $3000 with 2 friends. One bedroom is mid-sized and near a fire escape, the second is rather large and has a view of a magnificent…
During 2009, a still life painted by Henri Matisse was sold at a Christie’s auction for $46 million. The Detroit Institute of Arts owns Poppies, also a Matisse oil on canvas but a bit larger. A municipal bankruptcy like Detroit’s creates…
Queue is now a game. But not always. In Poland, during the 1970s, you might have taken an hour or two off from work, rotating with a brother or sister, to stand in line. Everyone could have been waiting for…
Is political upheaval fueled by corruption? Low GDP per person? Less democracy? This Economist interactive indicator lists 9 variables. Together they add up to 100%. But the question for readers is how to weight the variables. Which ones could create a revolution? …
I am concerned that the word “ration” has a bad reputation. In a recent CBS story about a new Medicare/Medicaid head, and throughout the healthcare reform debate, stories about reputed “rationing” kept popping up. There was no need, though, to search…
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