September 2, 2014

In the mid-20th century, many struggling nations around the world relied heavily on outside governments for assistance. Foreign aid of this nature accounted for 71 percent of all worldwide capital flows as recently as 1960. As the years progressed, however, governments largely removed themselves from the global development game. Today, foreign aid accounts for less than 1 percent of the U.S. budget and only 9 percent of current capital flows.

To fill this void, non-governmental organizations and groups such Continue reading

Continue reading...

August 14, 2014


With preseason football already under way, it won’t be long now until the NFL season officially kicks into full gear. And although the intensity of the gridiron will undoubtedly remain the same, some fans might notice big changes around their local stadiums. That’s because after years of outcry to green up the game, a number of NFL teams have revamped their arenas with a variety of energy-saving and cost-cutting measures.

In San Francisco’s Levi’s Stadium, for instance, an 18,000-square-foot Continue reading

Continue reading...

August 11, 2014

In 2014 a judge granted Northwestern University’s football players collective bargaining rights. Although it was later overturned, this landmark decision heightened the debate about compensation for college athletes to a whole new level, and it didn’t take long for another major legal ruling to follow it. In early August a U.S. district judged found in favor of former UCLA basketball star Ed O’Bannon and 19 others regarding the image rights of athletes. According to the ruling, the NCAA violates anti-trust Continue reading

Continue reading...

August 5, 2014

Even though the U.S. has a gross domestic product (GDP) valued at nearly $17 trillion, that huge figure still doesn’t come close to providing a complete picture of the American economy. Each year billions upon billions of transactions go undocumented, untaxed, and ultimately unrecorded by official GDP statisticians. Whether it’s earning a few bucks by mowing a neighbor’s lawn or by selling drugs, these concealed deals all form what’s known as the underground economy.

Many economists have said that it’s Continue reading

Continue reading...

August 1, 2014

For decades big companies have done their best to avoid hefty corporate tax rates levied by Uncle Sam. The U.S. government collects 35 percent of a domestically based corporation’s income, a figure based on the entirety of the company’s worldwide revenue. This mighty bite from the bottom line leads many firms to reincorporate their companies in places like the Cayman Islands or Ireland, where the corporate tax rate is just 12.5 percent. While this process of “inversion” is entirely legal, Continue reading

Continue reading...

July 31, 2014

Led Zeppelin’s 1971 epic “Stairway to Heaven” is widely regarded by music critics as one of the greatest rock songs of all time. It’s also been one of the most profitable. Clocking in at nearly eight minutes long, the band refused to release the song as a single, which forced fans to shell out more cash to buy the album it appeared on. When coupled with the song’s substantial royalties from radio play, “Stairway to Heaven” has earned at least Continue reading

Continue reading...

July 28, 2014

As people become more skeptical of the ways science intrudes on the content of their food, controversial products like genetically modified crops face increasing opposition. That’s bad news for AquaBounty Technologies, a company that has been producing genetically modified salmon for more than 20 years. Called the AquAdvantage, the fish reach market size in two years rather than three. In order to engineer the salmon, scientists combine the gene of a large Chinook salmon with a gene from a fast-growing Continue reading

Continue reading...

July 20, 2014


In early June, Seattle Mayor Ed Murray signed a bill into law that will raise the city’s minimum wage to $15-an-hour. At more than double the federal level, Seattle’s new wage floor will become the highest in the country once it is fully implemented. Large businesses have until 2017 to reach the $15 mark while small businesses can wait as late as 2021. In both cases, wages will be slowly raised in the intervening years to make the process Continue reading

Continue reading...

July 11, 2014


A few years ago, a rash of employee suicides at Foxconn Technology prompted investigations into the working conditions at the Chinese manufacturing giant. As the maker of such in-demand items as the iPad and Hewlett-Packard servers, Foxconn employs tens of thousands of people who work long shifts and live on-site. The monotonous work and the dorm-like living quarters can make for a grey life on the Foxconn campus, leading to depression and worse.

Foxconn responded to this bleak state Continue reading

Continue reading...

Cigarettes kill more than 5.4 million people each year, a 30 percent increase over the past two decades. Although cigarette use has generally fallen in the U.S., increased use in Asia and Eastern Europe has ensured that the tobacco industry is bigger than ever. Innovation has also hit the cigarette business in the form of e-cigarettes, electronic devices that heat up liquid nicotine to a vapor that is then inhaled.

Like everything related to tobacco, e-cigarettes have been controversial since Continue reading

Continue reading...