Tuesday's Assorted Links
Prison labor, energy efficiency guidelines, Dry January, password sharing, and the Sriracha shortage
Hi y’all! Here are five stories from this week that contained some neat applications of economic principles or are related to teaching:
Prisoners in the US are part of a hidden workforce linked to hundreds of popular food brands [Associated Press]
The Department of Energy released new efficiency guidelines for ovens and stoves, and 97% of the models on the market already meet them [CNN | Previous Monday Economist Coverage]
Dry January boosts cannabis sales [Business Insider]
Disney+, Hulu, and ESPN+ are set to crack down on password sharing [Gizmodo | Previous Monday Economist Coverage]
What really caused the sriracha shortage? [Fortune]
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Taylor Swift has generated an estimated $331.5 million in brand value for the NFL, but will it last? This week's post looks at "The Swift Effect" on the intensive and extensive margins of football fandom & spending. Where are the new fans coming from and why does it matter for the NFL:
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I'm teaching law of demand later this week. I'm going to use that article about dry January driving cannabis sales as a bell ringer and a jumping off point to discuss just changes in customer tastes and preferences can shift demand curves.