Shops Should be Opening Soon!

In February I went to the Eastern Economics Association's Annual Conference held in New York City. During the trip, I spent some time in Brooklyn exploring what's going on over in that borough. While walking through the Brooklyn Bridge Park we came across a little shop that was closed for the winter break. Even in a city as big as New York, demand for lemonade on the East River falls enough that it's better for shops to shut down.

The image on the right was from a trip to Niagra Falls at the beginning of November. It was a little chilly when we were there with a light snow, but I was definitely in no mood to purchase an ice cold soda while enjoying the falls. The owner of the Coke machine must have agreed because he unplugged the machine and stuck a sign on it. The candy store it was attached to was also closed for the season!

Revenge of the Nerds

Great new report out by The Economist about earnings for college graduates. It's a great piece to include for an economics program in every university because they break it down by degree area. If your university is heavily weighted to one area than narrow down the results to that degree.

In 1972 a university-educated man aged 25-34 could expect to earn 22% more than a peer without a degree, according to the Urban Institute, a think-tank. Today that premium has risen to 70%.

Here are the result for business/econ majors: