From Bitcoin miners to Dogecoin enthusiasts, cryptocurrencies have become an object of wonder, speculation and more than a little confusion for some. Basically, it is a digital asset based on a network distributed across a range of computers. The decentralized nature of cryptocurrency gained a number of investors and speculators attracted by the lack of […]Read More
One of the most ancient of old saws holds that nothing is certain in life except death and taxes. That’s a pithy thought, but wrong. It is certain it will get hot in Florida in August. The universe is certain to keep expanding and the New York Mets will certainly disappoint their fans. And there […]Read More
Local sports a home run for local economies With apologies to the late Thomas P. “Tip” O’Neill, like politics, all sports are local. Saturday tailgate parties on college campuses and World Series watching parties notwithstanding, the real money in sports in the U.S. isn’t in the stands in big urban stadiums but out on local […]Read More
Tourism industry fuels the economy – and careers For many people, the biggest effect of tourism, seemingly, is seeing more cars on the road with out-of-state license plates. It can be hard living in the middle of someone else’s vacation. While tourism may impact a community’s quality of life, it has an even greater impact […]Read More
For monetary policy, slow and steady wins the race Economic observers and Federal Reserve Board critics could take a lesson from the story of the tortoise and the hare. While a turbulent pandemic economy has led many to wish for a quick fix, the central bank’s deliberate approach to interest-rate decisions and other monetary policy […]Read More
Innovation is more than the big ideas Grow or die has been the mantra for business success for a long time. But in the 21st Century, innovate or die may be the new watchword. With its connection to high-tech applications and cheaper, faster and better consumer goods and services, innovation is on everyone’s mind and, […]Read More
The Myth of the ‘New Normal’ After the experience of 2020, there has been a lot of talk about a “new normal.” Strictly defined, a “new normal” is when an atypical or unfamiliar situation becomes the standard. But in a global economy what is normal today may not be normal tomorrow. Economic historians are likely […]Read More
With vaccination rates increasing and pandemic restrictions easing, commercial activity is picking up and more would-be entrepreneurs and small-business owners are wondering if now is the time to take that leap of faith and strike out on their own. But before they do, they may want to take a page from the news media as […]Read More
