During the past 40 years, Brazil's fertility rates declined. One cause was the new values that soap operas conveyed to an uneducated rural population.
U.S. stock market history from 1900-2015 shows how the diminishing dominance of industries like railroads reflects innovation and creative destruction.
This week's economic news summary includes Apple's corporate taxes, Santa's GDP connection, seasonal spending, the gender gap and the brain and shopping.
Starting with Santa currency, states saying Christmas is an official holiday, and Christmas trees, in the 19th century holiday spending on Christmas grew.
Although BLS data indicates what Santa's salary could be, because it is unpaid work and comes from the North Pole, it is excluded from the GDP.
Through the pleasure and pain that fast fashion shopping creates in our brains, we can see why the business model is good for monopolistic competition.
