Tuesday's Assorted Links
Philanthropy, rent control, AI replacement dysfunction, record coffee prices, and tax refunds
Hi y’all! Here are five stories from this week that contained some neat applications of economic principles or are related to teaching:
America’s richest people are not its most generous [Forbes]
Rent control is the talk of the town in Boston [Morning Brew]
There’s a new term for workers freaking out over being replaced by artificial intelligence [Gizmodo]
The average price of coffee across US cities went up to $9.37 per pound in January, the most expensive since records began in 1980 [Sherwood News]
How consumers plan to spend their tax refunds this year [National Retail Federation]
Did Norway really “win” the Winter Olympics, or did other countries simply fall short of expectations? This week’s article looked at how population and income can be used to estimate how many medals countries should have won. We then compare it to what actually happened to highlight surprising underachievers and consistent overperformers.
The Countries That Fell Short at the Winter Olympic Games
Every few years, we end up having the same debate about which country actually “won” the Olympics. Is it the country with the most total medals, or the one with the most gold medals? The International Olympic Committee (IOC) doesn’t officially recognize a ranking of…
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