Posts Tagged ‘supply’

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    Chinese State-Run Firms

    Feb 24, 12 • 627 Views • No Comments

    Where would your cell phone, your car, your gasoline, your savings account and the TV station you watch all have one thing in common? China. Called state capitalism, 45% of the Chinese economy is owned or controlled by the government.  With 655 million......  [read more]

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    Our Shopping Habits

    Feb 20, 12 • 824 Views • No Comments

    Our story starts during the 1990s. When Procter & Gamble (P&G) first advertised Febreze as a room deodorizer, they thought it would be an instant success. However, the households that most needed it did not respond and sales were tepid.  Realizing......  [read more]

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    Pricey Pigeons

    Feb 3, 12 • 646 Views • No Comments

    At the Paradise Pigeon auction in Belgium, a Dutch breeder sold a female pigeon to a Chinese shipbuilder for $328,000. Purchased to breed rather than race, Dolce Vita (the bird) will enable Hu Zhen Yu, also the owner of a pigeon racing group, to elevate China......  [read more]

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    Super Bowl Economics

    Feb 2, 12 • 752 Views • No Comments

    The least expensive Super Bowl weekend in Indianapolis might cost close to $6248. That means you purchased a “nosebleed” seat for $2100 from StubHub, your coach airfare from NY or Boston was $1379 instead of the usual $400, and you are paying......  [read more]

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    Presidential Futures

    Jan 2, 12 • 628 Views • No Comments

    The prices of buy and sell contracts for the Republican presidential candidates in Iowa provide a good history of the beginning of the primary race. Romney contracts (max of $1) on the first and last day of each month since September 1 were: September:......  [read more]