Author: EconLearner

WEST HOLLYWOOD, CALIFORNIA – NOVEMBER 11: (LR) Vanessa Bryant, Kelly Sawyer Patricof, Co-CEO, … [+] Baby2Baby, Salma Hayek Pinault, Norah Weinstein, Co-CEO, Baby2Baby, Kim Kardashian and Jessica Alba attend the Baby2Baby 2023 Gala presented by Paul Mitchell at Pacific Design Center on November 11, 2023 in West Hollywood, California. (Photo by Presley Ann/Getty Images for Baby2Baby)Getty Images for Baby2Baby Imagine not having diapers for your baby and using newspapers instead. Or the image of the hungry, crying newborn running out of formula and giving your child Gatorade so they don’t starve to death. Although these scenarios are heartbreaking, this is…

Winter is knocking on the door and for ski enthusiasts, that can only mean one thing – it’s time to embrace the shady slopes. But as excitement for ski season grows, so does concern about cost. Skiing is not cheap. Here, we reveal the secrets to wringing every ounce of value (and fun) from your ski adventure while keeping your hard-earned cash in your pocket. From game-changing ski passes to some of the most affordable mountains across the country to smart money-saving hacks, we’ve got the scoop on how to ski affordably this year. Here’s how you can save money…

The photographic version of a photo showing Jack Nicholson being asked to sign a picture of Heath … [+] Ledger as the Joker.Twitter An image of Jack Nicholson looking disgusted as he appears to be asked to sign a photo of Heath Ledger as the Joker has gone viral. And while it’s a good joke, the image is fake. The photo was most recently posted on a movie-focused account on X, the social media platform formerly known as Twitter, where movie buffs found it quite amusing. The image has even been collected 700,000 views at the time of this writing.…

Starbucks’ entry into the metaverse has drawn criticism as well as praise. Some have gone so far as to suggest that Starbucks is “destroying” The highly successful Starbucks Rewards program with the new strategy. Others have suggested that the iconic coffee chain is falling victim to chasing-the-shiny-object syndrome from jumping on the NFT bandwagon.On the other hand, some might suggest—as Starbucks itself does in the announcement—that they’re ahead of the competition, once again, based on their “history of using cutting-edge technology, innovating and making it accessible”—that at a time to those who thirst for virtual coffee-related experiences.These judgments are premature.…

On the award-winning blog, The Chamber of Commerce, Marty Lariviere, a professor of operations at the Kellogg School, has published on the many ways organizations adapt their supply chains to keep their operations running. It also draws lessons from their efforts. Here are some of our favorite lessons from the past few months.In the first weeks after the pandemic arrived in the US, the nation was hit with critical shortages of PPE, including N95 masks. While rising demand may account for the shortage to some extent, Lariviere writes that a more complex set of factors led to the inventory shortage,…

Lots of people, it turns out. New research from the Kellogg School finds that leaders who admit their mistakes are seen as more authentic but no less competent than those who don’t, and that employees prefer to work with leaders who admit their flaws.In a way, it’s an intuitive idea, he explains Mariam Kouhakiprofessor of management and organizations at the Kellogg School and co-author of the study with Li Jiang of George Washington University, Leslie K. John of Harvard University and Reihane Boghrati of Arizona State University. “When we make ourselves vulnerable and when we share some of our failures…

But little is known about whether financial incentives such as this work for professionals such as doctors, who have high autonomy and insider knowledge and often feel a commitment to “duty” for simple self-interest. Such professionals are notoriously difficult to manage by any means. They don’t want to be told how to do their job. And throwing more money at them isn’t likely to make them budge.Kellogg assistant professor of management Gillian Chow she saw this phenomenon firsthand in her previous career as a health operations consultant. “Hospitals often point to doctors as one of their biggest obstacles in trying…

Once considered a distraction and a waste of time, video games are gaining new levels of appreciation among employers for teaching in-demand skills. The game has begun! Video games can teach skills for the workplacegetty Here is a statistic that will blow your mind. It certainly amazes me whenever I share this: It is predicted that 65% of third graders in America today will eventually work in careers and occupations that do not currently exist. How do we prepare for such a future? My answer is that we need to give young people access to strong academic knowledge, technical abilities…

Israeli tech founders build operational resilience and community while navigating wargetty In 2021, the Israeli tech ecosystem forged an indelible mark on the world stage, securing an extraordinary $27 billion in venture capital investments. This remarkable achievement, as reported by Israel Innovation Authority, a government agency, not only broke previous records, but also defied prevailing trends in venture capital funding. While the past two years have seen a decline in VC funding for Israeli startups, which echoes global standards, the nation has demonstrated an unparalleled resilience and remains an undisputed choice for tech investment. Amidst the challenges and uncertainties, Israeli…

The strong presence of immigrants in public schools has fueled a policy debate: How do first-generation immigrant students—those born outside the U.S.—affect the school system and their peers? Specifically, do these children improve or hinder the academic performance of their US-born peers?One might imagine that immigrant students might need more school resources—for example, if English is their second language—thus leaving less time, energy, or staff budget for other children. On the other hand, these children may come from cultures where educational achievement is prioritized, particularly if these parents came to the US in part to provide a better education for…