With marijuana legalization, Canada has had to revise 60 years of its Gross National Product (GDP) to avoid misleading numbers.
Although going cashless seems to be a trend, we are printing more $100 bills for people in the U.S.and elsewhere in the world.
The Greek response to new bailout talks and more fiscal austerity ranged from a Scrooge Christmas card to a larger underground economy.
A surprise announcement on 11/8/16, demonetizing India’s 500- and 1000-rupee notes meant most of the money in the country had to be swapped for new notes.
Our economic news summary includes Coke’s mini sales and social norms, the minimum wage’s and cardboard boxes’ hidden impact, and an economic misery index.
Eliminating the $100 bill and the €500 note from the money supply has supporters citing terrorism financing and opponents talking of large purchases.
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 about the unemployment rate in America. Abbott: Good subject. Terrible…
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 assembled a group of electricians…