Sam 

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Obama's Proposed Drilling Expansion May Cost Us More Than The Oil Is Worth

The Obama administration's proposed expansion of oil and gas drilling in the Arctic Ocean and Gulf of Mexico would result in hefty climate-related social costs, a new report found.<p>In fact, those costs, estimated at $58.6 billion to $179.2 billion, may outweigh the economic benefits of selling the …

Fossil Fuels

Walmart Can 'Easily Afford' $15 Minimum Wage

Wal-Mart (wmt) would have to spend an additional $4.95 billion if it were to raise the minimum wage for its hourly employees in the United States to …

Income Inequality

3 ways to make sense of the 'economic fog'

Although recent data shows a consumer sector in good shape, with home prices rising and household spending accelerating, a sharp deceleration in payroll growth calls into question the case for a consumer-led recovery. Meanwhile, the manufacturing sector is still struggling with last year's rapid …

Markets

An Unstable Market: The Economics of Global Coffee Prices

“Why do the prices they pay us change?”<p>I was stood in front of 50 farmers in an un-airconditioned one-room K-12 schoolhouse in Espinal, Tolima, …

This Apple Decision Is Huge for Netflix

Image Source: Netflix<p>For the longest time <b>Netflix</b> didn't allow new users to sign up for its service on iOS or Android devices. The fact that <b>Apple</b> or Google, the <b>Alphabet</b>subsidiary, would take 30% off the top of the company's subscription revenue made it a very difficult decision for Netflix's …

South Korea's Economic Future Depends On This Bold Business Experiment

With the end of the Korean war in 1953, South Korea experienced an intense era of rapid economic development. Known as the “Miracle on the Han”, the country rallied around a rigorous hard work and labour ethic that propelled a war torn and impoverished South Korea into a G20 powerhouse.<p>But all this …

South Korea

The Sponsor Effect: Breaking Through the Last Glass Ceiling

Publication Date: <b>January 12, 2011</b><p>Women aren't making it to the top. Despite gains in middle and senior management, they hold just 3 percent of Fortune 500 CEO positions. In the C-suite, they're outnumbered four to one. What's keeping women under the glass ceiling? According to this report, it's the …

Weird

The housing market is trapped

Long-term and short-term trends have converged, and while it hasn't caused disaster for American homeowners yet, it certainly has made movement a lot harder.<p>Mark Fleming, an economist at First American Financial Corporation, compares the number of homes sold on an annual basis against what should …

Housing
FedEx

Walmart Canada to stop accepting Visa

<b>Retailer Walmart Canada will no longer accept Visa cards after it failed to agree a deal with the credit card firm.</b><p>Fees applied to Visa card purchases "remain unacceptably high," the company said in a statement.<p>Customers will no longer be able to use the card in its Thunder Bay store from 18 July …

Customers

What Is a Stock?

You hear about the stock market every day, but there are still many people who don't know what a stock really is. Even if you invest through a workplace retirement plan like a 401(k), the mutual funds that most plans provide don't necessarily educate you about the basics of stock investing. Let's …

Food economics: What if the world went vegan? | Food

How much would the world save if people ate less meat?<p>A recent report from the Oxford Martin Programme on the future of food estimates that changes in diets could save up to $1,000bn per year on healthcare. If the world went vegan, it could save eight million lives by 2050 and trillions of …

Oxford University
Economics
Public Health
Saudi Arabia

The Link Between Income Inequality and Physical Pain

The United States is in a pain crisis. The use of pain killers increased by 50% from 2006 to 2012 and one recent estimate put the cost of physical pain on the U.S. economy at $635 billion — a 1,000% increase from 20 years earlier. At the same time, a widening income gap, growing sense of financial …

Income Inequality

Drinks giants like Coca-Cola could sue the government over the sugar tax

The Sunday Times and tThe Guardian both report that leading figures in the industry — including Coca-Cola, Irn Bru maker AG Barr, and Britvic, which makes Tango, 7Up, and Pepsi Max in the UK — are considering a legal challenge to the new law, which comes into effect in 2018.<p>The levy will add 24p to …

United Kingdom

Oil prices end lower with meeting on output freeze in doubt

Oil prices settled lower on Thursday, retreating from their highest levels of the year reached a day earlier, as doubts emerged over a potential …

Oil