366. This Economist Predicted the Last Crisis. What’s the Next One?
In 2005, Raghuram Rajan said the financial system was at risk “of a catastrophic meltdown.” After stints at the I.M.F. and India’s central bank, he sees another potential crisis — and he offers a solution. Is it stronger governments? Freer markets? Rajan’s answer: neither.
The quirky little grocery chain with California roots and German ownership has a lot to teach all of us about choice architecture, efficiency, frugality, collaboration, and team spirit.
Research shows that having a distinctively black name doesn’t affect your economic future. But what is the day-to-day reality of living with such a name? Marijuana Pepsi Vandyck, a newly-minted Ph.D., is well-qualified to answer this question. Her verdict: the data don’t tell the whole story.
A kid’s name can tell us something about his parents — their race, social standing, even their politics. But is your name really your destiny?