Posts Tagged ‘Greece’

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    Opposing Austerity

    Apr 12, 12 • 345 Views • No Comments

    Thinking about our fiscal woes, I keep returning to the fallacy of composition. Here it is: When one farmer harvests a huge crop and sells it, her profits soar. But if every farmer grows more and sells more, then the price drops. Similarly, if one person...  [read more]

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    Greek Red Tape

    Mar 23, 12 • 243 Views • No Comments

    Our story begins with 3 Greek entrepreneurs who want to create an e-commerce business selling olive products. It ends as Oliveshop.com begins to flourish with orders from the U.S., Australia, Japan, Mongolia and beyond. The middle of the story, though, is...  [read more]

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    Who Is Unemployed?

    Mar 2, 12 • 246 Views • Comments Off

    Does an unemployment rate of 8.3% mean we have 8.3% unemployment? Not necessarily. Using what Abbott and Costello might have said, a Huffington Post journalist explains why. Costello: I want to talk about the unemployment rate in America. Abbott: Good...  [read more]

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    Doing Business in Greece

    Feb 18, 12 • 239 Views • No Comments

    Sometimes getting 100 is not the best grade. In the World Bank’s Ease of Doing Business Index, 183 nations are ranked in terms of the friendliness of their regulatory environment. Greece is #100. One feta cheese maker complained to The Economist last...  [read more]

  • The US is again hitting its debt ceiling.

    Greek Austerity Facts

    Feb 10, 12 • 369 Views • No Comments

    With a March 20 deadline approaching, new European bailout negotiations continue to emphasize austerity. Curious about what austerity specifically meant, I looked at a Greek newspaper. In the sports section, they discussed the plight of Greece and the...  [read more]