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Billionaires are getting a bad rap these days. We would love to see the middle class (good luck defining what that is) expand, and the poor shrink in numbers. Even millionaires are more or less okay, since what with real estate wealth and all it...

We all know the how the narrative goes: manufacturing is dead, and those old cities known as industrial centers are as well. It is not a hard case to make it if you take a quick tour of places like Pittsburgh or Detroit in the...

Twenty and thirtysomethings would apparently rather buy experiences than things, and that has some very definite implications for retailers – or as least that is one theory. As this article from Bloomberg Business suggests, the stock market tells the tale of what is happening very...

Way back when I studied economics, I don’t actually remember learning what a ‘negative interest rate’ was. In fact, even a few years ago when I taught graduate-level economics (a whole other post), I don’t remember it being in the curriculum, or even being asked...

When people rhyme off the things they want to do in retirement, ‘pay off debts’ is never on the list. Nevertheless, it is something that baby boomers will have to do anyway, if data from the New York Federal Reserve (NY Fed) is to be...

Like it or not, the sharing economy is everywhere. I’ll go as far as saying it will be one of the big economic stories of 2016, although its influence will extend far longer than that. It’s a different way to do business, and it works...

The ‘sharing economy’ is apparently making inroads in the education field.  These days, savvy teachers are selling their wares on a site called TeachersPayTeachers.com, which is a kind of Etsy for teaching plans and the like. In fact, the CEO of the company is a...