Posts Tagged ‘economics’

Petition To Build Death Star To Get White House Response

The internet has succeeded in getting 25,000 signatures in the petition to build a Death Star. By practice the White House must now respond to the petition. I am very much amused. It’s worth noting some Debbie Downer figured out it would cost $852,000,000,000,000,000 in steel alone to build. I for one look forward to […]

Hard Drives Still Expensive After Flooding

From Ars: The impact of that disaster has passed, and supply levels are back to near where they were before last October’s disaster. But while the flood waters have long since receded, drive prices haven’t fallen nearly as much—as InfoWorld’s Woody Leonhard reports, retail hard drive prices are still about 75 percent higher than they […]

On Google’s Made In In The U.S.A. Experiment

Google is reportedly building the Nexus Q in the USA. It’s almost assumed these days that electronics are made in China, with a few notable exceptions in Japan or South Korea. However when you think about it, it makes sense. Consumer technology has come full circle. Open up some electronics made before 1985. With rare […]

Was Instagram Worth $1 Billion Dollars?

I think the question “was Instagram worth $1 billion Dollars?” is incorrect. Any form of that question is. The value of any singular thing is in the eye of the buyer, not the market as a whole. The correct question is “was Instagram worth $1 billion Dollars to Facebook?” To that, I think the answer […]

Big Mac Index Infographic

Online MBA has a great infographic about The Big Mac Index. It’s interesting how such a popular menu item can tell so much about the world economy. Click on the image to get a full one mirrored here, the original can be found here.

HP Produces More Of A Discontinued Product

John Gruber questions the point of HP’s decision to do a final run of TouchPad manufacturing. I’ll propose a likely theory: iSuppli says the Bill of Materials for an iPad 2 (32 GB GSM) is 336.60 when you add in manufacturing. That same iPad retails for $729.00. This is common sense. There’s R&D, marketing, shipping, […]

Hot Dog Bun Math

It’s the 4th of July weekend here in the US. Today’s BBQ1 got me thinking about that conspiracy theory from Father of the Bride regarding the mismatch of hot dogs quantities and hot dog bun quantities. Steve Martin’s character goes nuts over the discrepancy. This is really an exercise in Least Common Multiples that no […]

More On The Housing Market

Gary Shilling of A. Gary Shilling & Co believes that the housing market has another 20% to go before it will bottom out. BusinessInsider has a pretty extensive slide show explaining how he came to that conclusion. I noted a few weeks ago that I don’t think the housing market has bottomed out. Despite what […]

Median Home Prices vs. Median Income

The national median existing-home price in July 2010 was $182,600 [source]. The median household income in 2008 was $52,029 [source]. To account for some rising income and play it conservative we’ll call it $55,000 for 2010. I haven’t found any official number later than 2008. We should also note that this estimation ignores the current […]

Christmas Economics

Jeff Walden linked to a great paper:The Deadweight Loss of Christmas by Joel Waldfogel. Given the economy this several year old paper is extremely relevant and interesting. Something to keep in mind when merchants report their holiday sales statistics. I remember a discussion on this in college (likely an economics class). It’s a slight misnomer […]