Daily Economy News
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Consumers Can’t Wait for Amazon to Get Into Cryptocurrency, Legal Weed
The site learned that of the 1,013 Amazon users it polled, 36.7 percent said they would be comfortable purchasing Amazon-branded prescription drugs while 16 percent said they would use a virtual doctor-visit service from Amazon.
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Fast Fashion on Its Last Legs — Thank Millennials
As millennials struggle to put their money to work, still dreaming of owning homes but not being able to, they find it difficult to prioritize anything that won’t offer them real value in the long run. As expected, fast fashion is one of the first items to fall to the bottom of their list of…
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Millennials Are Killing the Funeral Industry With Help From the State
Millennials, it seems, are killing yet another industry. Considering the new “victim” is the funeral home market, one can’t help but wonder if that’s not a positive change. Still, there’s a lot more to this sped-up “death” than meets the eye, especially if you look at how powerful the funeral lobby has been in the…
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Netflix May Not Worry About the Competition, but Consumers Reap the Benefits Anyway
Netflix may have started as a modest streaming service, giving viewers the opportunity to consume entertainment that only large TV and Hollywood studios could produce. But as consumers started ditching traditional cable packages for internet streaming, Netflix became a giant in its own right, producing big entertainment for all segments of the population.
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Fyre Festival Restaurant Owner Gets a Hand From Private Initiative
Scheduled to take place in April and May 2017, the Fyre Festival became a cautionary tale about events hyped by social media influencers. But as it turned out, it also became a great example of how civil society can use technology for good.
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No, Government Has No Business Regulating Loot Boxes
When governments try to take responsibility away from consumers, they do more harm than good by teaching them they are vulnerable victims who should rely on regulators to tell them what’s safe and what’s not.
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Thanks to Their Student Loans, Millennials Expect to Die in Debt
While many of the news outlets reporting on these findings urge young people to get a plan in place so they can pay off their debt, the reality is that government’s push to give everyone a college education is what has greatly contributed to young people’s debt load. And what’s worse, degrees are not actually…
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You Can Now Rent Your Wardrobe — Another Miracle of the Sharing Economy
The sharing economy has made sharing our private property and time more than acceptable; it’s made it a glamorous occupation. As millennials transform side hustles into how they make a living, yet another aspect of our personal lives is becoming fair game: our closets.
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Is There a Link Between Tech Addiction Among Teens and Public Policy?
Video games, it seems, have become teens’ drug of choice, consuming hours of their lives. The result is what one would expect: bad grades, concerned parents, and broken family relationships. In the end, many are having to go to rehab to regain control of their lives.
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The Myth of Spiraling Inequality
Conventional wisdom says that inequality in the United States is spiraling out of control. But what do the data actually say?
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Consumers Can’t Wait for Amazon to Get Into Cryptocurrency, Legal Weed
The site learned that of the 1,013 Amazon users it polled, 36.7 percent said they would be comfortable purchasing Amazon-branded prescription drugs while 16 percent said they would use a virtual doctor-visit service from Amazon.
-
•
Fast Fashion on Its Last Legs — Thank Millennials
As millennials struggle to put their money to work, still dreaming of owning homes but not being able to, they find it difficult to prioritize anything that won’t offer them real value in the long run. As expected, fast fashion is one of the first items to fall to the bottom of their list of…
-
•
Millennials Are Killing the Funeral Industry With Help From the State
Millennials, it seems, are killing yet another industry. Considering the new “victim” is the funeral home market, one can’t help but wonder if that’s not a positive change. Still, there’s a lot more to this sped-up “death” than meets the eye, especially if you look at how powerful the funeral lobby has been in the…
-
•
Netflix May Not Worry About the Competition, but Consumers Reap the Benefits Anyway
Netflix may have started as a modest streaming service, giving viewers the opportunity to consume entertainment that only large TV and Hollywood studios could produce. But as consumers started ditching traditional cable packages for internet streaming, Netflix became a giant in its own right, producing big entertainment for all segments of the population.
-
•
Fyre Festival Restaurant Owner Gets a Hand From Private Initiative
Scheduled to take place in April and May 2017, the Fyre Festival became a cautionary tale about events hyped by social media influencers. But as it turned out, it also became a great example of how civil society can use technology for good.
-
•
No, Government Has No Business Regulating Loot Boxes
When governments try to take responsibility away from consumers, they do more harm than good by teaching them they are vulnerable victims who should rely on regulators to tell them what’s safe and what’s not.
-
•
Thanks to Their Student Loans, Millennials Expect to Die in Debt
While many of the news outlets reporting on these findings urge young people to get a plan in place so they can pay off their debt, the reality is that government’s push to give everyone a college education is what has greatly contributed to young people’s debt load. And what’s worse, degrees are not actually…
-
•
You Can Now Rent Your Wardrobe — Another Miracle of the Sharing Economy
The sharing economy has made sharing our private property and time more than acceptable; it’s made it a glamorous occupation. As millennials transform side hustles into how they make a living, yet another aspect of our personal lives is becoming fair game: our closets.
-
•
Is There a Link Between Tech Addiction Among Teens and Public Policy?
Video games, it seems, have become teens’ drug of choice, consuming hours of their lives. The result is what one would expect: bad grades, concerned parents, and broken family relationships. In the end, many are having to go to rehab to regain control of their lives.
-
•
The Myth of Spiraling Inequality
Conventional wisdom says that inequality in the United States is spiraling out of control. But what do the data actually say?