Eight Technologies That Will Destroy and Create Businesses

Making money was the Goldman Sachs agenda in an August, 2013 report. In “The Search for Creative Destruction,” their equity research connected Schumpeter’s creative destruction to investing opportunities. Eight new technologies, they said, would force businesses to “adapt or die.”…

The Unintended Consequences of Banning Ivory Sales

New US ivory regulations have had unintended consequences. During November 2013, the US government “pulverized” nearly 6 tons of elephant ivory from Asia and Africa. Intending to send a message to elephant poachers, the Fish and Wildlife Service destroyed ivory that…

The Benefits of “Pay-It-Forward”

Perhaps a pay-it-forward record, at a Connecticut Starbucks, more than 1,000 people each paid for the person behind them during December 2013. The store manager was on to something when he said, “”We hope that it will continue on, even…

More About Colorado Pot Tax, California Eggs and Library e-Books

Updates today on Colorado marijuana, California eggs and pricey library e-books: Marijuana Elasticity: With Colorado’s recreational marijuana tax close to 30%, I was skeptical that they would generate the revenue they expected. Now, it appears they might. During January, the state collected $2…

More Expensive Ice Cream?

Milk prices are going up. And yet, in the US, we are drinking less milk. According to Corey Geiger, managing editor of Hoard’s Dairyman magazine, one reason is oil. Countries in the Middle East with massive oil reserves have to import 90%…

The California/Missouri Chicken Cage Disagreement

Sort of like coach or first class, most of the chickens that lay our eggs live in a battery or a colony cage.  In the typical cage called the battery, a chicken has 67 square inches. By contrast, colony cages…

Why Are Steak Prices Rising?

In 1918, a filet mignon at Delmonico’s Restaurant would have cost $1.65. That same item on their 2014 menu is $48.00. However, according to the BLS inflation calculator, if the price had remained the same, it would now be $25.56.…

A New Cause of the Housing Bubble

In the 663 page report from the Financial Crisis Inquiry Commission (remember them???), the 2000-2011 real estate boom and bust is blamed on relatively predictable conditions. Just glancing at their chapter titles and conclusions, you can see that they blame…

One Reason That Chocolates Are More Expensive

In an econlife post from September 2013, we presented a spending ladder that emerging market nations like the BRICs–Brazil, Russia, India, China–might climb. At each rung, spending surges and then flattens at that higher level until consumers can afford to climb…

Is the Super Bowl “Cheap” This Year?

From SeatGeek: January, 2013 $500-$2500 is the face value range for 2014 Super Bowl tickets. By contrast, in 1967, the least expensive box office ticket to the first Super Bowl would have cost you $6. Using an inflation calculator, I…