A time traveller from the early 1990s would be baffled by the coffee marketplace of 2022. What’s latte art? Or grind uniformity? Or single-origin beans? And who cares anyway? That time traveller would discover that a lot of people care and care passionately. Just as the markets of once-mundane items like beer, beignets, chocolate or...
A new paper in Oxford Open Economics, explores “Potterian economics”—the economics of the world of J.K. Rawling’s Harry Potter series. Comparing such economics with professional economic models indicates that while some aspects of this economy are in line with economic models, many other aspects are distorted, contradicting professional economists’ views. Evidence suggests that the public’s economic...
Black households in the U.S. faced higher and more volatile inflation compared to white households from 2004 to 2020, reveals new research from the University of California San Diego’s School of Global Policy and Strategy. The study, published today by the Federal Reserve Bank of Richmond, finds that Black families experienced slightly higher inflation and 13...
A leading fashion designer whose accessories were used by celebrities and characters in the “Sex and the City” TV series, was arrested in her hometown of Cali, Colombia, and faces extradition to the United States on charges of smuggling crocodile handbags, Colombian prosecutors said Friday. Nancy Gonzalez faces charges in the U.S. Southern District of...
New research reveals how climate change is likely to increase the potential for wine production in the UK – with conditions projected to resemble those in famous growing regions of France and Germany. Over the last 20 years, climate change has contributed to a growth in UK vineyard area – with more than 800 vineyards...
Relying on headhunters to fill job vacancies can drive up voluntary turnover as new research found that they typically recruit the employees they successfully placed before to their next job. Using Japan — where foreign subsidiaries extensively use headhunters to recruit host country nationals (HCNs) — as a case study, Hiroshima University (HU) Professor Vesa Peltokorpi applied an...
Mutual fund investors are known to be vulnerable to fluctuating market conditions. What is less well understood is how corporate managers are affected by waves of investor optimism. A Luxembourgish researcher has published a study in the Springer Nature journal Financial Innovation, where he argues that corporate managers and investors are jointly caught up in...
Using Ecuador as case study, economists show international trade widens the income gap in individual countries. International trade exacerbates domestic income inequality, at least in some circumstances, according to an empirical study that two MIT economists helped co-author. The research, focusing on Ecuador as a case study, digs into individual-level income data while examining in...
Businesses with female founders who receive funding from female rather than male venture capitalists are two times less likely to raise additional financing. When women receive support from other women, observers may believe the relationship was motivated by considerations other than merit, leading them to dismiss evidence of the women’s competence. Well-intentioned calls for women to invest...
Women directors on Fortune 500 boards skillfully use tactics that enable them to display warmth, competence or both, allowing them to avoid backlash and meet specific aims, according to new Cornell University ILR School research. These tactics can help women directors achieve aims including diversifying conversations, clarifying perspectives and amplifying their expertise, and help them...
