Breaking News, Business, Financial and Economic News, World News from EconoTimes

Become a contributor

Bookmark Econotimes

Wed, Dec 06, 2023 02:08 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Jay L. Zagorsky

Clinical associate professor, Boston University
I teach at Boston University's Questrom School of Business. From 1988 to the present my teaching has spanned a wide range of levels from senior executives taking intensive classes to high school students encountering economic theories for the first time. I have taught giant lectures of over 450 students, classes of fifty, and small seminars with fewer than ten people.

From 1995 to 2018 I held the position of Research Scientist at The Ohio State University, where I collected data as part of the National Longitudinal Surveys on income, wealth, and life experiences of thousands of Americans. My personal finance research has been widely quoted in the media and has been highlighted in the Wall Street Journal, USA Today, Fox News, Good Morning America, Scientific American and numerous other news outlets.

Besides publishing numerous scholarly articles I wrote the book "Business Information: Finding and Using Data in the Digital Age" for McGraw-Hill/Irwin and "Business Macroeconomics: A Guide for Managers, Traders and Practical People." More information on the macroeconomics book can be found at http://businessmacroeconomics.com/.

My personal blogs are found here https://blogs.bu.edu/zagorsky/ and https://u.osu.edu/zagorsky.1/

Airlines are frustrating travelers by changing frequent flyer program rules – here's why they keep doing it

Nov 21, 2023 04:17 am UTC| Business

As the U.S. holiday travel season picks up, many people are noticing that their frequent flyer benefits arent going as far as they used to. In September 2023, Delta Air Lines revamped its frequent flyer program to make...

Passport bottleneck is holding up international travel by Americans eager to see the world as COVID-19 eases

May 11, 2023 15:58 pm UTC| Health

The World Health Organization declared on May 5, 2023, that the COVID-19 pandemic is no longer a public health emergency. Although the virus is still causing hospitalizations and deaths, many travelers who were reluctant...

I tried to pay my taxes in cash – here's what happened, and why the IRS should make it easier to do so

Apr 10, 2023 16:12 pm UTC| Economy

About two-thirds of all U.S. residents who file federal income taxes typically get a refund. Unfortunately, this year I am among the other third who owe the Internal Revenue Service money. So I tried something Ive never...

Starbucks fans are steamed: The psychology behind why changes to a rewards program are stirring up anger, even though many will get grande benefits

Jan 26, 2023 11:59 am UTC| Business

Starbucks, the coffee chain giant, is modifying its rewards program, and the news is full of stories of outraged consumers. The main focus of their ire is that, starting Feb. 13, 2023, it will cost twice as many of the...

Economy

African countries lost control to foreign mining companies – the 3 steps that allowed this to happen

Within a few years of independence, African governments asserted sovereignty over their metal and mineral resources. Prior to this, the resources were exploited by European mining corporations. Since the 1990s,...

Canada’s Fall Economic Statement signals the ‘right to repair’ your tech devices

On Nov. 23, the Government of Canada released the 2023 Fall Economic Statement. In a bold move toward empowering consumers, reducing costs and promoting sustainability, the Canadian government has reiterated its commitment...

Governments have been able to overrule the Reserve Bank for 80 years. Why stop now?

Pay close enough attention to parliament these next few days, and youre likely to witness something truly remarkable: politicians from both sides of politics uniting to remove the power of politicians to overrule the...

Western Pharma Shifts Focus from China to India Amid Rising Geopolitical Tensions

Western drugmakers are increasingly turning to alternative sources for drug production and clinical trials, shifting their attention away from Chinese contractors. According to industry experts and executives, this...

What the UK government's back to work plan covers – and why it is unlikely to boost people's job prospects

Ahead of the UK governments latest economic statement, the chancellor, Jeremy Hunt, and the secretary of state for work and pensions, Mel Stride, unveiled a new employment support package dubbed the back to work...

Politics

Argentina's Brexit: why new president Milei is threatening to pull out of South America's common market

Javier Milei, who was elected as Argentinas new president on November 19, has promised to withdraw from the South American common market, Mercosur. This decision could have significant economic and social repercussions...

Government's preventative detention for ex-detainees who pose serious risks set to pass this week

The government on Wednesday will introduce its legislation to enable preventative detention of former immigration detainees judged to pose a high risk of committing serious violent or sexual crimes. The legislation will...

Silencing Sarah Jama diminishes Canadian democracy

Sarah Jama, the MPP for Hamilton Centre, is suing the Ontario government and Legislative Assembly after being censured in the legislature by members of the Progressive Conservative government. On Oct. 23, the Ontario...

Alleged assassination plots in the U.S. and Canada signal a more assertive Indian foreign policy

A recent indictment from the United States Department of Justice has alleged an Indian security official was involved in attempting to assassinate a U.S. and Canadian citizen in New York. The alleged target, Gurpatwant...

Henry Kissinger was a global – and deeply flawed – foreign policy heavyweight

Declarations of the end of an era are made only in exceptional circumstances. Henry Kissingers death is one of them. Kissinger was born into a Jewish family in Germany, and fled to the US in 1938 after the Nazis seized...

Science

Hyped and expensive, hydrogen has a place in Australia’s energy transition, but only with urgent government support

If you listen to the dreamers, hydrogen is the magical fuel of the future that can replace everything from the petrol in your car to the coal in a steelworks. Hype around hydrogen has been building in Australia since at...

Massive planet too big for its own sun pushes astronomers to rethink exoplanet formation

Imagine youre a farmer searching for eggs in the chicken coop but instead of a chicken egg, you find an ostrich egg, much larger than anything a chicken could lay. Thats a little how our team of astronomers felt when...

Do we live in a giant void? It could solve the puzzle of the universe's expansion

One of the biggest mysteries in cosmology is the rate at which the universe is expanding. This can be predicted using the standard model of cosmology, also known as Lambda-cold dark matter (ΛCDM). This model is...

MicroRNA is the master regulator of the genome − researchers are learning how to treat disease by harnessing the way it controls genes

The Earth formed 4.5 billion years ago, and life less than a billion years after that. Although life as we know it is dependent on four major macromolecules DNA, RNA, proteins and lipids only one is thought to have been...

How do crystals form?

How do crystals form? Alyssa Marie, age 5, New Mexico Scientifically speaking, the term crystal refers to any solid that has an ordered chemical structure. This means that its parts are arranged in a precisely...

Technology

WeMade to Set Up WEMIX Play Center in Dubai via Partnership with DIFC

Wemade Co., Ltd., a South Korean video game developer, secured a strategic partnership with the Dubai International Financial Centre Innovation Hub (DIFC). The company plans to build its WEMIX Play Center in Dubai with the...

Coinbase Enables Money Transfers via Telegram, WhatsApp, TikTok Links

Coinbase introduces a new service that will allow money transfers through links sent to popular messaging apps, including Telegram, WhatsApp, and TikTok. The crypto exchange platforms wallet offers new ways for users to...

AT&T Joins Forces with Ericsson for Open RAN, Ousting Nokia in US Telecom Boost

ATT Inc. is working on further advancing Open and Interoperable Radio Access Networks (RAN) in the United States. The company is planning to do this through its new partnership with Ericsson. The deal between ATT and...

Spotify Trims Workforce by 17%, Shares Surge Following Announcement

Spotify is terminating 17% of its workforce, which is equivalent to 1,500 jobs. This latest layoff is the third to hit the company this year. The Swedish music streaming provider revealed the new round of job cuts after...

Electric arc furnaces: the technology poised to make British steelmaking more sustainable

In a move to embrace sustainable steelmaking, British Steel has unveiled a 1.25 billion plan to replace two blast furnaces at its Scunthorpe plant with electric arc furnaces. This follows the UK governments commitment in...