Swiss Franc Might Hurt Exports, But Not the Economy
By stopping the intervention, central bank merely reversed its own wrongdoing and allowed trade to re-balance to its natural and desired equilibrium.
MonkeyParking and Tragedy of Commons
In case of San Francisco parking spaces, the city obviously rents out these spaces way below market price (or even free), which makes it financially interesting for (probably unemployed or underemployed) drivers to occupy them and sell them off for market rates.
EU and Unexpected Costs
European Commission wants to tackle down on in-app purchases of add-ons for free tablet and mobile games. Commissioner Neven Mimica said, that “consumers, and in particular children, need better protection against unexpected costs”. He’s absolutely right.
Minimum Wage: Clueless Obama Strikes Again
Minimum wage debate is in full swing again after President Obama desperately trying to save his approval rating – with the exception of Nixon, worse than any other postwar second-term president – urged Congress to raise its federal level to $9 / hour.
