Update, Sept. 4: We added the audio for David Kestenbaum's radio obituary of Ronald Coase.
If you created the world as a simple economic thought experiment, companies wouldn't exist. Instead, everybody would work for themselves, and they'd be constantly selling their labor (or the fruits of their labor, or use of their tools, or whatever) to the highest bidder. Wages would rise and fall every day (every hour! every second!) depending on supply and demand. That's how the market works, after all.
No one has ever doubted Mois Yussuroum's patriotism. As part of the Greek resistance during World War II, he fought Benito Mussolini's fascist army and then the Nazis.
"The other resistance fighters didn't know I was Jewish," he says, since he used the name "Yiorgos Gazis" in case he was captured. "But my superiors did know, and they gave me many responsibilities, including making me a garrison commander."
South Florida-based Spirit Airlines is known for being cheap. It boasts "ultralow" base fares and then charges for items such as carry-on luggage or printing out your boarding pass at the airport.
That thrift carries over to Spirit's advertising. Even compared with other low-cost airlines, Spirit spends almost nothing on ads. And yet the company makes a surprising splash with its campaigns. A visit to Spirit headquarters reveals the secrets of its marketing.
Beginning next year, the Boy Scouts of America will allow openly gay youth to join as members. But the policy change doesn't go far enough for Democratic lawmakers in California. They're on the verge of passing a bill that would strip tax breaks for the Boy Scouts and any other group that discriminates against gay, lesbian or transgender members.