# data[].attributes.headline
Climate-Change Funds Try To Profit From a Warming World Week 12

# data[].attributes.subject
Climate-Change Funds Try To Profit From a Warming World Week 12

# data[].attributes.body
https://www.nytimes.com/2019/04/12/business/climate-change-funds-profit-global-warming.html

Summary: Climate change like the wildfires and storms in California have left people from making investments in air polluting toxins and made them start putting their money in solar power companies. “More and more clients, individuals and institutions, are asking for funds that address climate change and climate risk". The Hartford Environmental Opportunities Fund puts their money towards assets to address the risks associated with climate change.

Reaction: I thought this article was interesting to read because industries in coal and oil are huge right now so it's interesting to see how people are starting to invest elsewhere.

How it relates to the class: It relates to the class because its about profits and investments. They mention a statistic in the article about the Hartford Environmental Fund about how their net expense ratio is about 0.89 percent right now.

Gray, Tim. “Climate-Change Funds Try to Profit From a Warming World.” The New York Times, The New York Times, 12 Apr. 2019, www.nytimes.com/2019/04/12/business/climate-change-funds-profit-global-warming.html.

# data[].attributes.headline
Uber vs. Lyft: Which Hailing App is better? Week 11

# data[].attributes.subject
Uber vs. Lyft: Which Hailing App is better? Week 11

# data[].attributes.body
https://www.nytimes.com/2019/04/17/technology/personaltech/uber-vs-lyft.html

Summary: The article explained the major differences between Uber and Lyft. Uber is richer in services, and is offered in more cities. Lyft on the other hand gives more details about your driving experiences and details pertaining to your ride experience. The writer of the article analyzes the different "features, rewards programs, pricing structures, reputations and availability". In conclusion, Uber had more of an edge. However the better option truly depends on where you live. The pricing works that the longer you drive the more the fare will increase. However the company will increase prices if there are not a lot of cars available (supply and  demand). They rise their prices differently however, Uber does it by a means of a multiplier. Meaning that the price will surge 3X the original price. Lyft raises its prices by a means of a percentage. If a ride is $10 and the price is raised 50% then the new price will be $15.

Reaction: Personally this is something that has always interested me and has had me wondering which hailing app is actually better to use. Now I have a better understanding that they are extremely similar in a lot of ways. Under some circumstances however they are different. If supply is low and you want to be able to get a cheap ride its better to take a Lyft is what I gathered overall from the article.

How it relates to class: Supply and demand, competing markets

Chen, Brian X. “Uber vs. Lyft: Which Ride-Hailing App Is Better?” The New York Times, The New York Times, 17 Apr. 2019, www.nytimes.com/2019/04/17/technology/personaltech/uber-vs-lyft.html.

# data[].attributes.headline
A Price War Has Driven Fund Fees to Zero. They May Be Set to Drop Further. Week 10

# data[].attributes.subject
A Price War Has Driven Fund Fees to Zero. They May Be Set to Drop Further. Week 10

# data[].attributes.body
https://www.nytimes.com/2019/04/05/business/price-war-fund-fees-zero-negative.html

Summary: This article is about how the fees on investments to investors have been dropping dramatically to the point where there is almost no fee at all. The article predicts that it could even come to the point where investors will have to start paying people to invest in their company. It states; "He compares the cost-cutting frenzy to a dollar-auction game, a behavioral finance staple in which participants bid for a dollar bill".

Reaction: This article I found to be really interesting. I'm just confused by what is the causing the change in investors having to be paid by the company. It makes me wonder where the economy will shift.

How it relates to class: This relates to class because it has to do with consumer spending. When they have more money they are more willing to invest and spend their money towards things.

Sommer, Jeff. “A Price War Has Driven Fund Fees to Zero. They May Be Set to Drop Further.” The New York Times, The New York Times, 5 Apr. 2019, www.nytimes.com/2019/04/05/business/price-war-fund-fees-zero-negative.html.

# data[].attributes.body
https://www.nytimes.com/2019/03/30/opinion/sunday/dan-price-minimum-wage.html

Summary: This article was about two brothers who own a company named "Gravity" who have a set $70,000 salary as their minimum pay. Owners of the company decided to cut some of their salary and distribute it to the workers. Despite people thinking that this idea wouldn't be good, workers became more satisfied and productive in their work. Developing this new idea attracted more employees to become a part of the company too.

Reaction: This article gave me mixed feelings about the whole minimum salary idea. I think that it's good to have a minimum salary that a company pays its employees, however I don't think it should be as high as $70,000. I think there should be a minimum, but room to grow and increase your salary like if you've been working there x number of years or you're a better worker or more skilled.

How it relates to class: This related to class because it reminded me of having price ceilings and price floors in the economy. Having a set $70,000 was a price floor, or minimum, that the company had to be giving their employees.

Kristof, Nicholas. “The $70,000-a-Year Minimum Wage.” The New York Times, The New York Times, 30 Mar. 2019, www.nytimes.com/2019/03/30/opinion/sunday/dan-price-minimum-wage.html.

# data[].attributes.headline
Why Is Behavioral Economics So Popular? WK 8

# data[].attributes.subject
Why Is Behavioral Economics So Popular? WK 8

# data[].attributes.body
https://www.nytimes.com/2018/10/06/opinion/sunday/behavioral-economics.html

Summary: This article basically explains why behavioral economics is so popular and why understanding behavior from an economical standpoint is so important. Behavioral economics is described as; "economics done with strong injections of good psychology.” Recent books and movies have come out emphasizing the importance of understanding behavior when analyzing economical situations. Behavioral economics in practice consists of using your background of psychology and decision making when seeing how it influences economical behavior. A lot of this being described and these "nudges" in psychology are used in marketing strategies as well.

Reaction: I thought this was a really interesting article to read because psychology is something that really interests me personally. I thought the article related its information more towards marketing than it did economics, however they are similar in a lot of ways.

How it relates to class: This relates to class because it has to do with peoples changing behavior and how the market and the economy can predict behaviors. The economy is based on behavior and decision making, which is what this article talks about.

Gal, David. “Why Is Behavioral Economics So Popular?” The New York Times, The New York Times, 6 Oct. 2018, www.nytimes.com/2018/10/06/opinion/sunday/behavioral-economics.html.

# data[].attributes.headline
Apple’s Big Spending Plan to Challenge Netflix Takes Shape WK 7

# data[].attributes.subject
Apple’s Big Spending Plan to Challenge Netflix Takes Shape WK 7

# data[].attributes.body
https://www.nytimes.com/2019/03/17/business/media/apple-content-hollywood.html

Summary: Basically this article is about how Apple is shifting gears in their business plan since revenue has been staggering the past year or so. Apple is now gravitating towards movies and entertainment. This will make other companies like Netflix, Amazon, and HBO a bigger competitor than before. The company predicts to have a dozen shows out at least by the end of the year. Shows being premiered through Apple will be well known, with stars such as Reese Witherspoon and Jennifer Aniston. Their plan now is to "sell devices filled with content" rather than just devices. They are putting a focus on their services rather than the item itself, like how they already have Apple Music.

Reaction: I thought this was a really interesting idea for Apple to be doing, because I have heard that there has been a decline in their revenue. I think and would hope that this idea would catch on to consumers. I'm just confused with how pricing will come into play with it. Competitors similar to Apples idea such as Netflix and Hulu have monthly subscriptions to be able to watch shows. I wonder how Apple will price their computers and phones if all the content is already on this.

How it relates to class: This relates to class because it shows how declining revenue has made a company change their business plan and take a turn in the market. Now they are offering more services and have different competitors in the market, making for a more competitive economy.

Koblin, John. “Apple's Big Spending Plan to Challenge Netflix Takes Shape.” The New York Times, The New York Times, 17 Mar. 2019, www.nytimes.com/2019/03/17/business/media/apple-content-hollywood.html.

# data[].attributes.headline
Why Are Young People Pretending to Love Work?  WK 6 https://www.nytimes.com/2019/01/26/business/against-hustle-culture-rise-and-grind-tgim.htmlSummary: This article is about the upcoming generation and their attitude towards work. The younger generation has a more positive outlook and enjoys working more than older generations. The writer of this article explains that in recent visits to New York, neon city signs are demanding to "hustle harder" and "rise and grind". These have become the phrases used to motivate and inspire the younger generation into pushing themselves work-wise and do more. Reaction: As a part of this generation they are talking about I found this really interesting. I feel like this attitude towards work definitely does not account for the entire generation. It is definitely arguable that this generation loves working and pushing the envelope. It can be argued that this generation has become lazier and want quick answers and quick results as an effect of technology, and do not want to put work and effort into most things. How it relates to class: Looking at this from an economical standpoint we have to take this new culture and ask ourselves how this will effect the economy? With people working harder longer and more will this result in a healthier and prosperous economy? Will it lead to more competition? Griffith, Erin. “Why Are Young People Pretending to Love Work?” The New York Times, The New York Times, 26 Jan. 2019, www.nytimes.com/2019/01/26/business/against-hustle-culture-rise-and-grind-tgim.html.

# data[].attributes.subject
Why Are Young People Pretending to Love Work?  WK 6 https://www.nytimes.com/2019/01/26/business/against-hustle-culture-rise-and-grind-tgim.htmlSummary: This article is about the upcoming generation and their attitude towards work. The younger generation has a more positive outlook and enjoys working more than older generations. The writer of this article explains that in recent visits to New York, neon city signs are demanding to "hustle harder" and "rise and grind". These have become the phrases used to motivate and inspire the younger generation into pushing themselves work-wise and do more. Reaction: As a part of this generation they are talking about I found this really interesting. I feel like this attitude towards work definitely does not account for the entire generation. It is definitely arguable that this generation loves working and pushing the envelope. It can be argued that this generation has become lazier and want quick answers and quick results as an effect of technology, and do not want to put work and effort into most things. How it relates to class: Looking at this from an economical standpoint we have to take this new culture and ask ourselves how this will effect the economy? With people working harder longer and more will this result in a healthier and prosperous economy? Will it lead to more competition? Griffith, Erin. “Why Are Young People Pretending to Love Work?” The New York Times, The New York Times, 26 Jan. 2019, www.nytimes.com/2019/01/26/business/against-hustle-culture-rise-and-grind-tgim.html.

# data[].attributes.headline
Why sharing is the future of your city WK 5

# data[].attributes.subject
Why sharing is the future of your city WK 5

# data[].attributes.body
https://www.nytimes.com/paidpost/maven/why-sharing-is-the-future-of-your-city.html?cpv_dsm_id=191651511&sr_source=lift_hp&tbs_nyt=2018-nov-nytnative_hp

Summary: I really enjoyed reading this article, as it explains the changing economy and how consumers are more into sharing rather than owning it just themselves. Consumers would rather spend their money on experiences than on material goods. The sharing economy does not limit itself to just physical things but also talent, storage, and experiences the article says. For instance, hiring a personal trainer or getting a singer to perform at a dinner party. More people are adopting the idea of minimalism and having less. The sharing economy is growing and becoming  broader. According to the article; "PricewaterhouseCoopers estimates that revenue from the sharing economy will increase to $335 billion in 2025 from around $14 billion in 2014".

Reaction: I thought this article was really interesting to read as it explains that people are becoming more minimalistic and having less material goods and having more experiences. It makes me wonder how the economy is going to grow and change and if by sharing with one another if it will make it a more healthy economy or not.

How it relates to class: The article relates to this class because it directly talks about the economy and how it is always changing and adapting to trends as well as peoples wants and needs.

“Why Sharing Is The Future of Your City.” The New York Times, The New York Times, 15 Nov. 2018, www.nytimes.com/paidpost/maven/why-sharing-is-the-future-of-your-city.html?cpv_dsm_id=191651511&sr_source=lift_hp&tbs_nyt=2018-nov-nytnative_hp.

# data[].attributes.headline
The Itsy-Bitsy, Teenie-Weenie, Very Litigious Bikini WK 4

# data[].attributes.subject
The Itsy-Bitsy, Teenie-Weenie, Very Litigious Bikini WK 4

# data[].attributes.body
https://www.nytimes.com/2018/12/20/business/kiini-bikini-lawsuit-ipek-irgit-solange-ferrarini.html

Summary: This article is about a company created by a 34 year old woman with a very inspiring story. She started out by creating these crochet, hand maid bikinis in Brazil. Her idea for the bikini took off very quickly, many jumped on board with the idea and began copying the bikinis she was producing. Places in China began mass producing these bathing suits and manufacturing them in bulk at lower prices. Victorias Secret, a company known for its lingerie and bikinis even began selling this type style of bikini. Which is the reason why Victorias Secret stopped producing bikinis because they got sued by this woman for copying her idea when her crochet bikinis had a patten.

Reaction: I liked this article a lot, I thought it was pretty inspiring to hear this woman's story of how she started a whole new trend by doing what she loves. I thought it was crazy how this woman stopped Victorias Secret from producing bikinis when they are a huge multinational corporation.

How it relates to the class: This article relates to the class because its has somewhat to do with the demand of these crochet bikinis. Clearly the consumers began demanding this new trend of bikini and companies jumped on board with this idea, because the demand from the consumer was so high.

Rosman, Katherine. “The Itsy-Bitsy, Teenie-Weenie, Very Litigious Bikini.” The New York Times, The New York Times, 20 Dec. 2018, www.nytimes.com/2018/12/20/business/kiini-bikini-lawsuit-ipek-irgit-solange-ferrarini.html.

# data[].attributes.headline
The Next Wave of ‘Unicorn’ Start-Ups WK 3

# data[].attributes.subject
The Next Wave of ‘Unicorn’ Start-Ups WK 3

# data[].attributes.body
https://www.nytimes.com/2019/02/10/technology/new-wave-unicorn-start-ups.html

Summary: This article talks about the new generation creating companies such as Uber and Air b and b, and predicts the companies that are going to grow that are on the horizon.  Technology is what is creating these opportunities to start new companies. The new start-ups are focusing on software specific to industries such as farms, banks, and life sciences companies. These software companies grow so fast because theres a demand for these industries like agriculture to adapt to the changes in technology. This article is all about how software engineers are trying to find ways to use technology to lower the overall costs in particular industries such as health sciences and agriculture.

Reaction: I liked this article because I think its interesting to see where the economy is headed and what the next big company will be. I like how they talked about different industries such as health sciences, agriculture, and hotel and taxi services.

How it relates to the class: This article relates to the class because its about the changing economy and factors that influence these changes such as software engineering.

Citation: Griffith, Erin. “The Next Wave of 'Unicorn' Start-Ups.” The New York Times, The New York Times, 10 Feb. 2019, www.nytimes.com/2019/02/10/technology/new-wave-unicorn-start-ups.html.

# data[].attributes.headline
Democrats Push Plan to Increase Social Security Benefits and Solvency WK 2

# data[].attributes.subject
Democrats Push Plan to Increase Social Security Benefits and Solvency WK 2

# data[].attributes.body
Link: https://www.nytimes.com/2019/02/03/us/politics/social-security-2100-act.html?action=click&module=Top%20Stories&pgtype=Homepage

Summary: This article completely reverses the years of Republican-led debate that we need to decrease the spending on Social Security. Democrats are looking to expand it and make gradual changes towards it throughout the century. The "Social Security 2100" act dispels the decades of worry that as the baby boomers generation gets ready to collect Social Security from the government it will bring the government to bankruptcy. The new social security act would provide a 2% increase in benefit on average. To acquire the money for it federal income taxes on social security would be cut in half, but then taxes would be raised in other areas.

Reaction: I found this article to be a bit confusing to read since I couldn't quite understand just how beneficial these changes to social security would be. I would not say that I had much of an opinion about it before reading the article because I did not know much about it. However now I think I understand a bit better of what's going on and the new social security plan.

How it relates to class: This article relates to class because it involves taxes and governmental finances and bankruptcy. It mentions taxes and rates which is material we cover in class.

# data[].attributes.headline
Why Our Beliefs Don’t Predict Much About the Economy week one

# data[].attributes.subject
Why Our Beliefs Don’t Predict Much About the Economy week one

# data[].attributes.body
Link: https://www.nytimes.com/2018/10/12/business/why-our-beliefs-dont-predict-much-about-the-economy.html?rref=collection%2Ftimestopic%2FEconomics&action=click&contentCollection=timestopics&region=stream&module=stream_unit&version=latest&contentPlacement=9&pgtype=collection

Summary: In the New York Times article it explains the science of thinking when it comes to predicting the economy. We must pay attention to peoples changing beliefs based on how the economy changes. They make a comparison to now and the economic crisis of 2008 and how that plays a major role into peoples thinking now. Before the crisis in 2008, people's beliefs were different because many couldn't see a financial crisis on the rise. Now that it has happened people are in a different mind-set, and are more aware that these things happen. Risk taking financial decisions have gone down, as people now know that the economy can drastically go down pretty quickly. People most commonly tend that common trends are likely to continue, but then when they shift they change their expectations again.

Reaction: This article was interesting to me because it explained how people are reactive to changes in the economy. These changes in their behavior can even predict how and where the economy will go from these changes. I was surprised that changes in the stock market can affect peoples beliefs for decades. Making it difficult for economists to clarify and be able to even research peoples changing beliefs and what they think of the economy.

Relation to class: This article relates to class because we discuss how the economy is an always changing thing. When it has its ups and downs people are going to react to it and change their behavior.