1. We’re hiring!

    Are you a business junkie?

    TheWeek.com is looking for a business and economics writer to join its fast-growing, award-winning site — part of the media group that includes The Week magazine, MentalFloss.com, and Mental Floss magazine.

    This person will be charged with writing one super-smart, original, and thought-provoking opinion or analysis piece on an interesting and important aspect of business and economics each day, along with offering semi-frequent “news brief” contributions to TheWeek.com’s “Speed Reads” section. This individual should be a confident, highly organized business junkie with proven writing chops — and someone who can work successfully in the fast-paced environment of a breaking news-and-opinion website. Versatility and creativity are critical — the ideal candidate should be enthusiastic about conceiving sharp, fresh arguments and analyses on topics ranging from monetary policy to consumer technology to global economics to the housing market to retail to manufacturing to our changing offices, and so on.

    TheWeek.com is booming, with more than 10 million unique visitors a month. This is an excellent opportunity for a creative, hard-working self-starter eager to join one of the sharpest and hardest-working teams in our industry.

    Apply here.

     


  2. When you’re disillusioned with the reality of your early adult life, dressing up like Doctor Who starts looking better and better. It’s not to say that all or even most cosplay aficionados are struggling to find work. It’s only to say that any rise in people fleeing reality for fantasy suggests problems with our reality.
    — 

    Why the rise of cosplay is a bad sign for the U.S. economy

    Dressing up like Wolverine or Cersei Lannister is probably more fun than scouring the classifieds for menial jobs

     


  3. In an MMO… new money comes in the form of monsters… that provide adventuring objectives for players. The new money, in this case… goes straight into the hands of people who will spend it. … All of this points to the great weakness of the Federal Reserve’s attempts at monetary stimulus: hardly any of the money actually leaks out into the real economy.
    — 

    What the Federal Reserve could learn from World of Warcraft

    MMO-style economies contain important monetary policy lessons for the central bank

     

  4. Why coffee shortages won’t change the price of your Frappuccino

    You’re too loyal to Starbucks — and they know it

     


  5. Are teen pregnancies good for the economy?

    Teen pregnancies are at historic lows. But that has economic repercussions.

     


  6. When the bottom half of the country owns basically none of the country’s wealth, they can’t self-insure themselves against these risks. Instead, they must lead a relatively perilous life in which one misstep or mistake could wreck them and their families.
     


  7. Income inequality is at the root of most of America’s major socioeconomic problems, truly the radioactive element that causes the body politic to decay.
     


  8. Well, let’s face it: Those who support austerity and inequality are not really about ‘trickle-down’ economics or ‘efficiency and equity.’ They are protecting the interests of the upper class.

    As Jonathan Swift warned, ‘It is useless to attempt to reason a man out of a thing he was never reasoned into.’

     


  9. A bit of moderate inflation is no big deal — the Fed has the tools to easily rein inflation back in if it rises above the central bank’s target rate. In fact, a little inflation could even help matters, by eroding household debt burdens and reducing real interest rates.

    On the other hand, mass unemployment is an ongoing economic and humanitarian catastrophe.

    It’s like if your house is on fire, and you’re worried that spraying it with a firehose might break some windows. Maybe true! Also a terrible set of priorities!

     


  10. If Congress were to pass a plan backed by President Obama to raise the minimum wage from $7.25 an hour to $10.10 an hour — a hefty 39 percent hike — it would result in a significant reduction of the poverty rate among Americans between the ages of 18 and 64, and raise about 4.6 million people out of poverty.
     


  11. Basically, America is separating into aristocrats and peasants.

    On one hand you have an upper-middle class and upper class who go to good colleges and have skilled jobs. These people tend to have healthy family values — they get married and stay married, they pay a lot of attention to their kids. They are civically engaged and physically healthy. On the other hand you have uneducated masses, who tend not to stay married, to leave child-raising to single mothers, and to neglect the kids. They are overweight, bedraggled, and disengaged from the community.

     


  12. At the loftiest heights of the income pyramid, American meritocracy is broken, replaced by the shameful self-dealing of the superrich.

    All of us recognize the way the breakdown in meritocracy is playing itself out closer to the middle class. In theory, capitalism provides equal opportunities to every individual, allowing him or her to use innate talent and ambition, combined with more than a dash of luck, to achieve economic success. Also in theory, economic failure is supposed to be justly earned, a product of a deficiency of talent, ambition, and luck.

    The reality, of course, is very different — and becoming more so with every passing year. We start out our lives profoundly unequal. Some Americans grow up impoverished, attending chaotic, academically worthless schools, and exposed to an enormous range of social and cultural obstacles to achievement both at home and in the local environment. Others, by contrast, receive a world-class education at school, continual emotional and scholastic support at home, access to tutors, test-prep, and even pharmaceuticals to compensate for a range of cognitive and behavioral deficits.

     

  13. "Wrongdoers": Not all rip-offs are financially motivated. Some are retaliation for a dealer that’s been slighted. Dealer “Lil Homie” had a customer that he initially treated fairly, he told the researchers, but when the customer repeatedly complained that he was being cheated, Homie took offense and got even by doing exactly what he was being accused of. “I had one dude who was always complaining about the price man. He used to piss me off…And I turned ‘round and charged him double because I told him the prices went up. Pissed him off.

    The secret logic of drug deals