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Sugar prices, college admissions, cheap pizza, drinking patterns, and unemployment rates
Hi y’all! Here are five stories from this week that contained some neat applications of economic principles or are related to teaching:
Sugar prices in the U.S. are the highest they’ve been since January 2011, which has resulted in a decrease in candy production and higher candy prices [The Wall Street Journal]
In a study of elite college admissions data, being very rich is its own qualification [The New York Times]
The world’s cheapest Domino’s pizza costs the equivalent of $0.60 in India [Arab News]
A visual look at how Americans drinking habits changed [USAFacts]
Half of U.S. states are less than 0.1% from reaching record-low unemployment figures [Bloomberg].
This week we welcome 34 new subscribers who have joined us since last Tuesday. I also want to take a moment to shout out Mike Jaeger who has already recruited 108 new subscribers to this newsletter!
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Earlier this month, the Justice Department and Federal Trade Commission released proposed guidelines that would redefine how mergers would be evaluated.
These guidelines, including how the regulators will re-evaluate the Herfindahl-Hirschman Index, will be crucial in predicting which mergers will get past FTC enforcement.