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What Would Be The Social Cost If Uber Vanishes?
Thursday, September 8, 2016 - 12:28pm | 313Uber, the popular ride-hailing app, may be popular among its users but not so much among lawmakers. Uber has been banned in Austin, Texas and has been banned or barred from entry in Barcelona, Spain, Buffalo, New York, Buenos Aires, Argentina, Vancouver, Canada, and Frankfurt, Germany. Uber...
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The Futility Of Attempting to Predict The Markets
Tuesday, May 6, 2014 - 3:45pm | 749We live in a world full of predictions. People are always predicting things like the weather, the outcome of hurricane season, sporting events and, of course, the stock market. The scary part about all these predictions is how often they are wrong -- and how often individuals rely on them. If...
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Rise of the Shadow Economy: Second Largest Economy in the World
Saturday, November 5, 2011 - 2:01pm | 1459The fact that the shadow economy, or the black market or underground economy, is on the rise in the middle of a global financial crisis should be no surprise to economists.A recent post on Steven Levitt and Stephen Dubner's Freakonomics blog discussed the growth of the shadow economy across the...