Tuesday's Assorted Links
Tipping, chocolate prices, price gouging eggs, air traffic controllers, and wireless car charging
Hi y’all! Here are five stories from this week that contained some neat applications of economic principles or are related to teaching:
Test how your tipping compares to the average American [Pew Research Center]
Chocolate prices are increasing everywhere as Ivory Coast and Ghana, which together grow ~60% of the cocoa on Earth, are expecting their lowest yields in years [Bloomberg]
A federal jury awarded $17.7 million in damages to several food manufacturers who have accused major egg producers of price gouging in the 2000s [CBS News]
A nationwide shortage of air traffic controllers has resulted in an exhausted and demoralized workforce that is increasingly prone to making dangerous mistakes [The New York Times]
The first wireless charging public roadway for electric vehicles was installed in Detroit [Associated Press]
I’d like to extend a cozy welcome to the 52 newest members who've joined our winter wonderland this week! Unwrap the gift of our archive, filled with articles perfect for sharing with colleagues, students, and friends. Share them with enough people and you’ll receive a holiday gift straight from me, but be sure to use your unique code!
It’s officially December, and you know what that means—the air is filled with the festive sounds of carolers, and classic Christmas tunes are taking over department store sound systems. But as you navigate through the aisles listening to popular hits from Mariah Carey and Ariana Grande, keep an ear out for something intriguing—classic Christmas songs reimagined by today’s favorite artists. Discover why artists often stick to classics, the role of copyright in shaping the industry, and the enduring influence of nostalgia on holiday tunes.