Economics Stories & News

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. 
digital face

Scammers have not fallen victim to COVID-19

The COVID-19 epidemic has revealed that scammers are still alive and well. They nimbly offered nostrums to prevent or cure the virus to naïve buyers within a few weeks of the epidemic’s explosion. In doing so, the medical quacksters have lived up to their predecessors: let no health scare or new technology go to waste.
tax refund check with U.S. dollars

Moral hazard in the labor market

In the wake of the disruption in America’s economy, legislators on both sides of the aisle quickly rushed through palliatives for American businesses and workers. In doing so, they may have created situations rife with what economists call “moral hazard,” situations where the affected parties have disincentives to mitigate losses.
Charlie the dog. I can't adult.

Five iOS Apps for people learning to 'adult'

The anxiety young people have about maturing in their twenties has lead to the word "adulting" becoming quite popular. It's a useful, albeit somewhat glib, catch-all term for taking care of yourself. Doing your laundry? Adulting. Scrambling an egg? Adulting. In truth, the real sign of adulthood is living a life that's within your control, and for that, there are several iOS apps to help. With these five apps, anyone can "adult" -- or at least fake it when they need to.