Why Russian Sewing Machines and Uber India are Similar

Whether looking at 21st century Uber in India or 19th century Singer sewing machine in Russia, globalization requires adjusting a business model.

Weekly Roundup: From Santa’s Salary to Holiday Spending

This week’s economic news summary includes Apple’s corporate taxes, Santa’s GDP connection, seasonal spending, the gender gap and the brain and shopping.

Why Apple Should Not Increase Its Tax Bill

Based on a tax code that was made for an industrial age, current corporate taxes that multinationals like Apple could owe need to reflect a digital world.

The Reason One Starbucks Can’t Ask Your Name

Even for a huge multinational like Starbucks, competing globally requires knowledgeable monopolistic competition and knowing local tastes and habits.

The Economic Response to Riots

When the rioting starts, where does economic activity stop? In Egypt, gas and food were immediately affected. One owner of an Alexandria Mobil Station said he had not gotten a gas delivery for 2 days. The price of certain foods…

A Little Sunshine at General Motors

A question: How are a little Sunshine and the U.S. taxpayer similar? The answer: Both are helping General Motors grow. The Wuling Sunshine is the most popular car in China. Manufactured by General Motors with 2 Chinese partners, it is…