Posted inEditor's Pick

The High Cost of Cheap Labor

At least half of all farmworkers in the United States are undocumented Mexican immigrants. And “documentation” often dictates inclusion in a guest-worker program that’s been compared to slavery. Americans avoid these jobs, yet elected a president who promised mass deportation. There’s a crisis brewing in our fields, and it’s about to get much, much worse.

Posted inNonfiction, Quotes

The ‘Second Great Chocolate Boom’

The ‘First Great Chocolate Boom’ occurred at the end of the 19th and early 20th century. The industrial revolution turned chocolate from a drink to a solid food full of energy and raised incomes of the poor. As a result, chocolate consumption increased rapidly in Europe and North America. As the popularity of chocolate grew, production spread […]

Posted inNonfiction, Quotes

Using the British Railway Mania of the 1840s to Explain the Beanie Baby Craze

Andrew Odlyzko, a mathematician and bubble expert, proposes a simpler theory explaining speculative panics in his study on the British Railway Mania of the 1840s. Odlyzko credits Railway Mania in part to a “collective hallucination,” an extreme form of groupthink wherein a significant chunk of society feverishly buys into a shared dream with no regard for the skeptics and […]

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