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Pettis and Krugman on China
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Pettis and Krugman on China

Wednesday, July 24, 2013 Transcript: Pettis and Krugman on China Today on the podcast, China, GDP numbers down there as well as here, and Mark Blythe, author of Austerity: The History of a Dangerous Idea, with Bloomberg Surveillance team Tom Keene and Michael McKee. Several banks have followed Michael Pettis into marking down Chinese GDP…

uber price discrimination strategy
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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
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Economics of Hidden-City Pricing

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…

Introduction to the Sharing Economy

Introduction to the Sharing Economy he concept of a sharing economy is engraved in our human instinct. Cooperative structures that include sharing, individual choices, gifting, and swapping are a basic part of any community. However, it being adopted as a business structure is relatively new, and the term “sharing economy” has only recently come about in…

Jobs report
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Significance of October’s Jobs Report

omething remarkable happened on October 3rd 2014. On that day, the Bureau of Labor Statistics issued its monthly jobs report and, for the first time since 2006, the Bureau reported that the nation’s unemployment rate had dropped below 6 percent, to 5.9 percent. Current Unemployment Rate – October Jobs Report on-farm employment grew by 248,000…

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How Long Can the Chinese Communist Party Last?

How Long Can the Chinese Communist Party Last? uly 1st 2014 marked the 93rd anniversary of the Chinese Communist Party’s rule over China. China, a country that was united on communist ideology has turned itself into the second largest economy by turning its back on the peasant class it once stood for. Today’s Chinese economy is…

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