Economics Stories & News

George Graham Rice

SCAMMER OF A CENTURY AGO PIONEERED TACTICS USED TODAY

George Graham Rice? Never heard of him. Who is he? A century ago, though, he was a famous flamboyant scammer, a pied-piper of stock manipulation. While incarcerated for the third or fourth time, he wrote a series of periodical articles that eventually coalesced into a book. As with other scammers, Rice was brazen, even boastful about his felonious escapades. He wryly entitled his book My Adventures with Your Money.
Closed Sign

Good-bye, mom and pop restaurants and shops

Most of my readers are familiar with small towns in Iowa that have longstanding family-owned businesses, such as family eateries. Grandparents, parents, and children may own and work in these restaurants. They often have loyal employees that are “part of the family.” These owners may be unable to afford to pay their workers much more than $10 per hour, to say nothing of the proposed $15 per hour minimum wage.
Dictionary Billionaire

All hail the billionaire

After months of dreary experimentation in her basement, Dr. von Frankenstein, PhD, has concocted an effective antidote and vaccine for a deadly virus sweeping the United States. She files and receives a patent for her discovery.
Piggy Bank

New ways to milk customers

There’s a new way marketers are getting young people to fork over their money. The new tactic revolves around consumers making four payments of one-quarter the retail price of an item (Amanda Mull, “Jeans Now, Pay Later,” Atlantic, January/February 2021, 18-20). This is just the old come-on--“Buy now, pay later”—in a new guise.
Money in Wallet

What does it mean to live the good life?

By anyone’s estimation, the recently deceased Vernon Jordan was a “mover and shaker.” A commentary on his life referred to him as, “a civil-rights leader, Washington insider, Wise Man, power broker, deal maker, rainmaker, Wall Street banker and, as an interviewer put it a few years ago in the Financial Times, ‘the most connected man in America (Peggy Noonan, “America Loses a Wise Man,” Wall Street Journal, March 6-7, 2021, A13).’” Whew!
Sharnae Lamar

Sharnae Lamar brings her talents overseas

Understanding personal finance is a luxury where Sharnae Lamar (Finance and Economics, ’16) grew up. On the east side of Des Moines, Lamar says there aren’t many people who know how to manage money, invest, grow income — so when she had the opportunity to go to college, business was of interest.
Curris Business Building circa 1986

Is history on repeat? Former UNI student body presidents weigh in on the changes

Four former student body presidents and graduates from the College of Business Administration shared the highlights and struggles of their terms across four decades, illuminating along the way the universal struggles of the college experience and the unique challenges brought on by current events.
news media at press conference

News bias? You choose the news you wish to consume

During election season, people love to accuse the media of bias. Liberals and conservatives assail local and national newspapers, as well as various television newscasts, of tilting in one political direction or another. Since it is unlikely that a news source can be biased in both directions, many people’s perceptions must be erroneous.
UNI business students at career fair

The complete guide to choosing a college major

College is an exciting time in your life, but don’t spend all four years merely enjoying it – you should take advantage of this time to determine exactly what you want to do with your life. This article will help you decide how to choose your college major that fits your long-term goals.
US Treasury Department Alexander Hamilton Statue Washington DC

Is it ethical to demand that a small minority bear almost forty percent of the income tax burden?

You may have read that President Trump paid no federal income taxes for a few years. The press and rival politicians reacted with horror. Assuming President Trump accurately reported his income, losses, and other information, then there is absolutely nothing immoral or unethical about this result.