econlife.com

Connecting economics with everyday life, econlife slices away all of the layers that make economics boring and complex.

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Dating back to the Inca, Kichwa is an indigenous tongue spoken by half a million people. In Ecuador’s Andes region, Kichwa mixes with Spanish to form a unique blend.

Where are we going? Economies benefit from being bilingual.

Today’s econlife blog: https://t.co/C9i5UZVpge

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The game Monopoly was created to send us a message.

That message is remarkably similar to what many of us are saying today.

Today’s econlife blog: Why Is Monopoly More Than a Game? > https://t.co/Zx09iKKkya

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Disrupted since February 28th, the links in the oil supply chain could take months to restore when the Iran War ends.

Let’s take a look.

Today’s econlife blog: https://t.co/BHAUrf4Zoh

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Hearing that the SpaceX IPO made Elon Musk a trillionaire, most of us don’t quite realize the size of the number.

Today’s econlife blog: How To Imagine a Trillion the Right Way > https://t.co/BTyQz8fkhq

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Having just purchased a hamburger restaurant from the McDonald brothers, Ray Kroc wanted a signature drink. In 1955, after he called Coke, they soon had a handshake deal.

And the rest of the story is history…

Until now.

Today’s econlife blog: https://t.co/hDIydEjAcv

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In addition to the players, referees have to perform optimally.

It is all about human capital.

Today’s econlife blog: What We Need To Know About World Cup Referees

> https://t.co/xfMLE4xUmA

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Knicks fans were euphoric after the team’s historic Wednesday win. During game four’s last moments they overcame the Spurs’ 27 point lead. Economists have studied our emotions after our team wins and when it loses. There is more sadness than we expect: https://t.co/AGUYfR1cjF

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With the 19th century completion of a transportation infrastructure that extended coast to coast and North to South, we could have a national market. Still today, people are moving where they can be most productive.

Today's econlife blog: https://t.co/fK2t23XfyY

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According to yesterday’s annual report from their Trustees, Social Security and Medicare have been hit by a triple whammy. If the President and Congress don't figure out a solution, soon, we will not get our entitled benefits. https://t.co/PZxZjepfcB

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With SpaceX IPO launching June 12, Axios Markets looked at its total addressable market, calling it galaxy math and citing US GDP as only slightly less. Excluding China, Russia, and colonizing Mars, they predict $26.5 trillion from AI: https://t.co/wTzZtcEwHt

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European North/South stereotypes have been predictable. The North is dour but hardworking while Southerners are “drinkers and dreamers.”

Now though, Spain is surprising everyone.

Today’s econlife blog: https://t.co/RiRhH80D6U

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Like Coke and Pepsi, Novo Nordisk and Eli Lilly compete for the same consumer. Trying to predict the other’s strategy, their behavior reflects the basics of game theory and the prisoners’ dilemma.

Today’s econlife blog: https://t.co/Ynz2MFalfp

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Our story starts in 1987 with a garbage barge called the Mobro. A group of investors hoped to make money by turning New York’s garbage into electricity. But no town, inside or outside the U.S., would accept its 6 million pounds of trash.

https://t.co/LzpP4ArtE4

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Tariffs have affected musical instruments.

But not as policy makers expected.

Today’s econlife blog: How Will Musical Instrument Tariffs Affect Our Orchestras? > https://t.co/qzmFGTugYW

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Control of the Strait of Hormuz involves more than potato chips, tomatoes, Diet Coke, and condoms.

It is about data.

Today’s econlife blog: Why We Should Worry About the Cables in the Strait of Hormuz > https://t.co/nXQ9WVDWFb

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As a Spanish worker, you can expect 14 public holidays and at least 22 paid vacation days annually. Add benefits like universal healthcare, and through an economic lens, we see redistribution. Today’s econlife blog: https://t.co/dJzPo5oGlq

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To judge the size of military spending, we can start by comparing it to the growth of the world economy.

Although the world economy has been way ahead, I suspect we’ve reversed the trend.

Today’s econlife blog: https://t.co/Cn8oZ9Gpsw

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Trying to stay well, we let physicians decide what to monitor. Some feel that different criteria would be more appropriate.

Similarly, trying to keep our economy healthy, we emphasize a GDP focus that some disagree with.

Today’s econlife blog: https://t.co/AEDqp0JMjM

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One small espresso can tell us six stories.

Today’s econlife blog: What An Espresso Can Tell Us > https://t.co/OiHtu7Hm27

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For Liam it was the ninth straight year and Olivia’s seventh as the most popular baby names in the United States.

Our question though is why, why do parents select certain names?

Today’s econlife blog: https://t.co/57EJOq4wzB

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