Weekly Roundup: From Fed Humor to the Wisdom of Warren Buffett

Our Posts Roundup Sunday 3.01.15 Handy notes from Warren Buffett…more Monday 3.02.15 The basics of Greek tax evasion…more Tuesday 3.03.15 Insight about airline queues…more Wednesday 3.04.15 Why we subsidize Brazilian farmers…more Thursday 3.05.15 What an ATM can teach us…more  …

A Tale of Two Cities… and One Mall

Half of the Valley Fair Mall is in Santa Clara, CA while the other half is in San Jose. Because San Jose has a minimum wage of $10.15 while Santa Clara’s is $8.00, the stores at the mall have a problem. Minimum…

Factors of Production: Organic Farming

Yesterday morning, my 4 mile walk seemed faster than usual because I listened to Lisa Turner talk about Laughing Stock, her organic farm. Interestingly, her conclusion focused on profit. Here are some of the stories from the econtalk podcast. She…

Changing Air Travel Routes

The marketplace affects where we can and cannot fly. If you need to travel between Lima, Peru and Atlanta, you can thank asparagus lovers. More than passenger traffic, Delta values the route because of its asparagus cargo. (While China is…

More Recyling Matters

Aluminum recycling is in the news because of a break-up. Together, Alcoa and Novelis (owned by HindalCo, an Indian firm) had been collecting and recycling cans–40 billion last year. But no more. Now, competing for used cans, each firm will…

Your Airfare and Airline Profits

What does your airline ticket pay for? In order of size, these represent the expenses for a US Airways flight according to WSJ journalist Scott McCartney: Fuel (close to 30%) Salaries (maybe 20%) Buying and leasing planes (16%) Federal taxes (14%)…

Do You Approve of Profits?

Two Questions: 1.How do you feel about profit? In their paper, “Is Profit Evil? Associations of Profit With Social Harm,” 3 University of Pennsylvania researchers discuss two studies that display people’s negative response to profit seeking activity. Ultimately, they conclude…