By: Per Bylund It is easy to fall into the trap of the “cost-plus” method. That is, to consider prices for consumer goods to be a function of the costs of production. Unfortunately, the cost-plus method of pricing is commonly taught to MBA students worldwide, thereby cementing a bureaucratic view of business and the economy. […]
Archives for February 2017
Bank of America opens branches without any employees
The automation trend across the United States is being ramped up. Everything from McDonald’s installing Big Mac ATMs to Domino’s experimenting with robot deliverymen, companies all over the country, and even the world for that matter, are embracing technology, robots and automation as a way to combat growing labor costs, both for high- and low-paid […]
Texas would be most affected by trade war with Mexico: report
With each passing day, it is becoming more likely that the United States will wage a trade war with Mexico. If U.S. President Donald Trump is successful in initiating this war then numerous states, even the most economically vibrant, across the union would be impacted by such a trade battle. According to a new report […]
Can Donald Trump win the currency war?
By: Brendan Brown The present currency war started with the Great Monetary Experiment under the Obama administration. This triggered a devaluation of the dollar through 2010–12. Since then the launch of similar and in some ways more radical monetary experiments in Europe and Japan have fueled big devaluations of the euro and the yen. Meanwhile […]
U.S. bankruptcy filings by consumers surged 5.4% in January
Are bankruptcies becoming the new norm again? According to a new report from the American Bankruptcy Institute, the number of U.S. bankruptcy filings by consumers rose 5.4 percent last month to 52,421. This is up from the 4.5 percent increase in December. What makes this interesting is that this is the first time since 2010 […]