Tuesday's Assorted Links
Landline phones, Sriracha shortage, Harry Markowitz, doped athletes, and the misery index
Hi y’all! Here are five stories from this week that contained some neat applications of economic principles or are related to teaching:
A quarter of Americans still have landlines [The Washington Post]
Sriracha sauce is selling for as much as $120 amid a prolonged shortage [CNN Business]
Harry Markowitz, Nobel-winning pioneer of modern portfolio theory, dies at 95 [The New York Times]
Enhanced Games pitches Olympics-style competition for doping athletes [Sports Illustrated]
The misery index (unemployment rate + inflation rate) is falling fast [Axios]
Last week the U.S. Supreme Court ruled that race-conscious admissions through affirmative action programs were deemed unconstitutional. The majority of justices believed that statistical discrimination was occurring around a protected class, which violated the equal protection clause of the 15th Amendment.
Get caught up on Monday’s post here:
Statistical Discrimination in College Admissions
A recent Supreme Court ruling has ignited a fiery debate about equal opportunity, meritocracy, and the unintended consequences of well-intentioned policies. The ruling primarily focused on the constitutionality of considering race systematically in college admissions