port labor dispute
0

The Third Day of the West Coast Port Labor Dispute

partial shutdown of 29 U.S. West Coast ports stretched into a third day on Monday ahead of the U.S. labor secretary’s scheduled arrival in San Francisco to try to broker a settlement, between the shipping companies and the union representing 20,000 dockworkers, ending months of disruptions on the cargo-clogged docks. The International Longshore and Warehouse…

S&P
0

S&P Pays $1.37 Billion in Rating Settlement

tandard & Poor’s (S.&P.), one of the largest rating agencies that contributed a subprime mortgage frenzy, has agreed to pay $1.37 billion to settle civil charges from the Justice Department as well as 19 state attorneys general and the District of Columbia. S.&P.. Standard & Poor’s was accused of inflating its assessment of mortgage investments that spurred the…

uber price discrimination strategy
0

Uber Price Discrimination Strategy

As of December 2014, Uber was available in 53 countries and more than 200 cities worldwide. Back in 2009, when Uber was founded it started off only with ‘black cars’, i.e. private limos. In 2012, Uber launched the UberX program which allowed almost anyone to sign up as a driver. This greatly increased Uber’s popularity and…

Economics of Hidden-City Pricing
0

How Skiplagged Creates Inefficiencies

The Economics of Hidden-City Pricing Hidden-City Pricing which has become infamous recently because United Airlines and Orbitz sued Skiplagged, a website that enables users to find cheaper airfares that did not appear on competing engines’ searches by taking advantage of occasional anomalies in airlines’ pricing algorithms. Hidden-City pricing started when America deregulated air travel in 1978, which led to carriers developing…

The HITECH Act
0

The HITECH Act

The Health Information Technology for Economic and Clinical Health Act (HITECH Act) he Health Information Technology for Economic and Clinical Health Act (HITECH Act) was a part of the stimulus package (American Recovery and Reinvestment Act) passed in 2009. The act allocated $27 billion for the government to spend on “meaningful use” of Healthcare Information Technology….

© 2014 Intelligent Economist. All rights reserved.