Archive for the ‘current event’ Category

Are female hurricanes really more deadly than male hurricanes?

A recent study by the Proceedings of the National Academy of Sciences looked at hurricanes in America between 1950 and 2012 and found that hurricanes with female names kill more people than hurricanes with male names, an average of 45 to 23. If I have taught you anything on Rational Reactor, it is that things […]

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Negative Interest Rates

The European Central Bank announced this morning that they will cut their deposit rate from zero to -0.10%, making it the first major central bank to institute a negative rate. (For individuals saving money, the benchmark interest rate has also been lowered from 0.25% to 0.15%.) This sounds crazy, right? But the eurozone is looking […]

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Rent-to-Own Tires: Do your research

This article from the LA Times was sent in by a reader (thanks!) and I found it pretty interesting, not only as an economist, but as a new car owner who recently had to have my tires replaced. The article discusses how some motorists are deciding to rent-to-own tires for their vehicle because of high […]

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The Trillion Dollar Coin

If you’ve been following the news lately, you’ve probably heard talk about a $1 trillion platinum coin that could solve the current fuss going on in Congress. It revolves around a legislation technicality that would allow President Obama to fulfill the government’s debt obligations without needing to get congressional approval to raise the debt ceiling. […]

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Cost of the Olympic Games

I read an interesting post the other day about why the Olympic Games always end up costing more than originally proposed. Essentially, organizers submit an appealing budget that legislators will accept, especially when compared to the perceived benefits of hosting the games. Once additional funds are needed, legislators tend to look at all the money […]

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