Harvard Business School study of Hilton HHonors. Interesting reading.
Will Martin Feldstein succeed Greenspan as Chairman of the Federal Reserve?
Why have coffee prices dropped dramatically — 82% in 4 years — while lattes remain just as expensive? (Link via Atlanticblog) Vietnam entered the coffee trade and Brazil upped production Coffee production decisions lag behind price changes because the coffee tree is on a 2+ year cycle While the number of specialty coffee shops has grown from about 450 in 1991 to more than 10,000 today, total coffee consumption in the U.S. has actually fallen slightly Demand for coffee is relatively inelastic (a 10% price increase reduces consumption by about 2%) Actual coffee is a very small component of the cost of a latte (roughly 10 cents on a $2 cup)
The Iowa Election Market predicts a Republican House with near certainty and gives a very slight edge to a Republican Senate.
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Roller coasters aren’t dangerous.
A dangerous trend. With the airline industry poised to lose $7 billion dollars this year, their spending to lobby the government is increasing. The industry spent $27 million on lobbying during the first 8 months of 2002, up from $20 million in the 18 months.
FAA Considering Passenger Ban. Leave it to the Onion… (Thanks to Damon Chetson)