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Apple should give the iPhone XS and iPhone XR a permanent price cut

Demand for Apple's latest iPhones is low, but moving the starting price could change that.

Alexandria Ocasio-Cortez’s 70% tax on the super-rich is more popular than Trump’s tax cuts, new poll shows

According to an INSIDER poll, a plurality of Americans support a 70% tax rate on income over $10 million.
The effects of college are complicated.

It probably doesn’t matter where you go to college if you’re a well-off white man, but the stakes are much higher for everyone else

Studies suggest that where you go to college doesn't matter that much if you're a relatively wealthy white man. But it can matter a lot for women.
Recent damage from riot protests against the cost of living in Paris.

Austerity has measurably damaged Europe: here is the statistical evidence

Since the 2008 crisis there has been a debate about the right plan for economic recovery across the US and Europe. Was "austerity" the answer?
All good apologies come with one thing.

After a disastrous Uber ride last year, the company’s chief economist examined the economics of apologies — and discovered there’s s...

A team of economists studied how Uber customers respond to different types of apologies after they have bad experiences with the company. They found that effective apologies have one thing in common.
Hurricane Michael sweeps the beachfront properties of Shell Point, Florida, on Wednesday.

We asked insurance workers where they’d live in the US to avoid future natural disasters — here’s what they said

After a devastating hurricane and amid predictions of a global rise in temperature, the world was reminded yet again of the catastrophe made possible by climate change. Actuaries weighed in on where they'd live to avoid these conditions.
Paul Romer won half of the $1 million 2018 Nobel Prize in Economics on Monday.

Economist Paul Romer just won the Nobel Prize in economics — and his ideas sound like the backbone of Bill Gates’ philanthropy playbook

Two Americans won the Nobel Prize in Economics on Monday for their work arguing long-term economic growth can go hand in hand with a healthier, happier planet, if it's done the right way. William Nordhaus put a price on pollution, while Paul Romer focused on how new ideas can spur economic gains.

Here’s why accepting billions of dollars in incentives for HQ2 could be dangerous for Amazon

Amihai Glazer, an economics professor at the University of California, Irvine, shares four reasons why Amazon would be wise to not make its decision about the HQ2 location purely on incentives.

Wealthy venture capitalist and political activist Nick Hanauer says there have been 3 fundamental failures of capitalism over the past 40 years

Nick Hanauer is a Seattle-based venture capitalist who lobbies for progressive policies like a raise in the minimum wage. A guiding principle of his philosophy isn't that capitalism is the problem, but that neoliberalism is.

17 common products that cost way more than they should

Many common products have very high mark-up prices, often because they hold a high symbolic value, require specialized skills to produce, or there's little generic competition.