REDONOMICS

February 24, 2011

Gas Prices in Europe vs. U.S.A.

February 21, 2011

Terracotta Warroirs: Xi'an, China

Check out this video I took in China last summer. Be sure to watch in 1080 HD.

February 7, 2011

January 20, 2011

In the above video, some British dude tries to make a toaster on his own, to demonstrate the wonders of trade and comparative advantage, all the while dispelling myths about economic self-sufficiency.

January 11, 2011

"Best Jobs" according to the Wall Street Journal

Here is a list of the Best Jobs in America based on "200 jobs based on income, working environment, stress, physical demands and job outlook, using data from the Labor Dept. and U.S. Census and researchers' own expertise." Click the above image to enlarge, and go here to see the complete list.

January 10, 2011

International Test Score Rankings

More here from 2 million minutes blog. Click to enlarge.

December 5, 2010

BLOGONOMICS!

Please click here for the project instructions.

You can find economics news articles, and much more here, at the Redonomics News Universe.

November 17, 2010

Photo of the Day

Those Zimbabwe dollars really are worthless.

November 11, 2010

Helpful Links for The Stock Market Game

1. CNBC - Jim Cramer's Mad Money Stock Tips Here.

2. CBS Marketwatch here.

3. Morningstar Stock Research here.

4. Motley Fool click here.

October 26, 2010

5,000 Janitors with PHD's?

Here you see the over 317,000 waiters and waitresses with college degrees, please click to enlarge.

Check out the whole article here

Gas Prices Around The World

It Could be Worse.

Source.

Economics of Everyday Life

October 18, 2010

Food Photos: China Edition

Marshmallow Towers

The goal of the game is to make the most profit, which of course is total revenues minus total cost. For each tower, each inch up to 4 inches is worth $1000, and every inch above 4 inches is worth $2000. The variable costs are marshmallows ($50), and toothpicks ($100). Each group has fixed costs of $1000, which do not change with output. Bonuses are given as well for being able to hold piece of paper for 5 seconds, and to be able to stand straight for 3 seconds. The group right below this won, with a profit of $12,300. Congrats!!

Well built tower below, very high revenue, but also high variable costs.

This one looks tasty. Unfortunately, not a winner.

Another good effort.

High marshmallow content, also high variable cost.

A great tower, but lots of variable costs.

October 14, 2010

Mr. T is now promoting Gold: Maybe a Sign of a Bubble?

October 7, 2010

It's come to this: The Gold ATM. Seriously.

While gold has hit record highs, it will soon be available at your local ATM. Check out the video.

Robot Hair Washers

Creative Destruction in action... a robot takes another job. This time it is at
the hair salon. One thing that the video doesn't elaborate on is how the robot
is actually scanning the user's head shape in three dimensions to figure out
just the right amount of pressure to apply, and it will use that shape to
remember who you are and what shampoo and massage settings you like.

Map of The Online World

Please click to enlarge

September 23, 2010

The Street meets Wall Street. Jay-Z and Warren hang out in Omaha.

Check this out at Forbes, a neat interview.

September 21, 2010

Economic Boom in North Dakota? You Betcha.

As you can see below, (click to enlarge) North Dakota has the country's best unemployment rate (3.6%). Check out the full list here. This is in part due to record oil production of 321,000 barrels per day.