Tag: market

An Unopened First Edition Set of Pokémon Cards, Deemed ‘the Pinnacle of Pokémon Collecting,’ Just Fetched $408,000 at Auction

Did your mother make you throw out your old Pokémon cards? Now you have an opportunity to show her that they really could have been worth a lot of money one day. An unopened first edition set of Pokémon cards…

The Nelson-Atkins Museum of Art Is Considering Changing Its Name After a Local Newspaper Surfaced Its Founder’s Racist Legacy

Prompted by a report in the local newspaper about the segregationist activities of William Rockhill Nelson, the Nelson-Atkins Museum of Art in Kansas City, Missouri, is reassessing its name and considering whether or not to continue honoring the real estate and newspaper…

The rise and rise of Aldi: two decades that changed supermarket shopping in Australia

Twenty years ago, on January 25 2001, a virtually unknown German supermarket chain quietly opened its first stores in Australia. The two stores – one in Sydney’s inner-west suburb of Marrickville, the other in the outer south-west, near Bankstown Airport…

Ideology triumphs over evidence: Morrison government drops the ball on banking reform

Political pressure forced the federal government in 2017 – when Scott Morrison was treasurer – to call the royal commission into misconduct in the banking, superannuation and financial services sector. Commissioner Kenneth Hayne delivered 76 recommendations to reform the industry…
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The economy can’t guarantee a job. It can guarantee a liveable income for other work

When the coronavirus pandemic hit Australia in March 2020, the Morrison government took bold and imaginative action. The most notable examples were its income support programs – JobKeeper, paying a A$750 weekly subsidy to employers to keep workers on the…

This Rare Color Tintin Drawing Just Sold for €3.2 Million, Setting a New World Record for an Original Comic Strip

A picture by the Belgian cartoonist Hergé (1907–1983) has set a new record for the most expensive work of comic book art, selling for €3.2 million ($3.8 million) on January 14 at an auction at Artcurial in Paris. The 1936 gouache painting was originally intended…

The First Blue Pigment Discovered in 200 Years Is Finally Commercially Available. Here’s Why It Already Has a Loyal Following

YInMn Blue, the brilliant pigment discovered in 2009 at an Oregon State University lab, is finally making its way to artists’ studios. The pigment—which is the first new blue discovered in 200 years—was finally approved by the EPA for use in artists’…

All eyes on Federal Reserve chair Jerome Powell as interest rates creep higher

With long-term U.S. interest rates creeping higher and the stock market rally looking increasingly bubblicious, market participants will have a keen eye on remarks by Fed chair Jerome Powell today at Princeton University. Why it matters: The uncertainty created by…

Democrats seek progressive overhaul of the U.S. financial system

Now in control of Congress, Democrats are looking to give the U.S. financial system a progressive overhaul, incoming Senate Banking Chairman Sherrod Brown said Friday. It will be a tall task. What we’re hearing: “This committee in the past has…

Indonesia’s aviation safety has improved, but a lot remains to be done

The Sriwijaya Air Flight 182 disaster serves as a warning for aviation safety regulators, not only in Indonesia but worldwide. Four minutes after taking off from Jakarta in heavy rain on January 9, the Boeing 737-500 nosedived into the ocean,…

What’s at stake for NZ in Australia’s case against China at the World Trade Organisation?

With the relationship between China and Australia souring in the past six months, New Zealand’s response will need to be nuanced and careful, but also principled. First and foremost, we must ensure the dispute between two of our main trading…

Can a future ban on gas-powered cars work? An economist explains

The U.S. transportation sector is one of the largest contributors of carbon dioxide, the potent driver of climate change. Transportation accounts for about 28% of total U.S. greenhouse gas emissions and, since 1990, emissions in this sector have increased more…

Stream weavers: the musicians’ dilemma in Spotify’s pay-to-play plan

Spotify offered the promise that, in the age of digital downloads, all artists would get paid for their music, and some would get paid a lot. Lorde and Billie Eilish showed what was possible. Lorde was just 16 when, in…