After Spirit Airlines shut down on May 2, 2026, many of its passengers are stranded. Columbian airline, Avianca, has offered to fly passengers holding return tickets to their destination without charging any ticket price, depending on seat availability.—nytimes.com Use the following notation to work the questions in the multiple choice quiz below: Price — P … Continue reading Avianca Offers Free Tickets to Stranded Spirits Airlines Passengers
Author: EconEye Admin
Soaring Jet Fuel Prices and U.S. Airlines
Jet fuel prices rose from $2.50 per gallon before the Iran war broke out to $ 4.13 on May 1 leading airlines to raise ticket prices and reduce the number of routes. The shock was especially severe for Spirit Airlines, which exited the market on May 2.—wsj.com and airlines.org Use the following notation to work … Continue reading Soaring Jet Fuel Prices and U.S. Airlines
Kevin Warsh and the Monetary Base
The Fed’s balance sheet grew to about $9 trillion after the financial crisis and still remains high at around $6.7 trillion, a primary concern for Fed chair nominee, Kevin Warsh, who proposes faster bond sales to reduce the size of the Fed’s balance sheet.—wsj.com The Questions Who is Kevin Warsh? What is the Fed’s balance … Continue reading Kevin Warsh and the Monetary Base
The United States Exports Oil to Europe
Heightened U.S.–Iran tensions pushed Brent crude to $104 and West Texas Intermediate, WTI, to about $98.5 (26 March 2026). Brent, extracted directly from North Sea, is more exposed to global disruptions than WTI. Price differences create arbitrage opportunities.—quantvps.com The Questions What are the varieties of crude oil? Who are the suppliers? Who are the buyers? … Continue reading The United States Exports Oil to Europe
Live Nation Violated Antitrust Laws
A federal jury found that Live Nation, owner of Ticketmaster, acted as a monopoly, overcharging $1.72 per ticket. It pressurized venues to use Ticketmaster for ticket sales. It controls 70% of government-identified major venues and 86% of ticket sales. A breakup may be proposed.—nytimes.com
U.S. Dollar Falls After BLS Data Release
The U.S. dollar fell after BLS data released on April 10 showed a rise in total CPI inflation—driven by higher oil prices—but stable core inflation, signaling that the Federal Reserve is unlikely to raise interest rates.—wsj.com
The Highly Competitive Dairy Farming Market in Britain
Britain’s dairy farming industry is producing a large quantity of milk, and prices have fallen sharply in recent months. Economic losses have led many dairy farmers to exit the industry. Around 7,000 dairy farmers remain, including Kelly Seaton, a dairy farmer in Cheshire, who continues to operate despite losses.—economist.com Some Data The Questions Who is … Continue reading The Highly Competitive Dairy Farming Market in Britain
California’s $20 Minimum Wage: More Applicants, Fewer Jobs
In April 2024, California implemented the FAST Act, which increased the minimum wage for fast-food workers from $16 to $20 per hour. Firms reduced hours, limited hiring, and substituted capital for labor.—callmatters.org The Questions What is FAST Act and what does it do? How has FAST Act changed the quantity of labor demanded in California’s … Continue reading California’s $20 Minimum Wage: More Applicants, Fewer Jobs
Fast Food Wage Policy
In California, the FAST Act set the minimum wage at $20 per hour for fast-food workers.—calmatters.org
Live Nation’s U.S. Monopoly Case
Live Nation dominates the live event ticket market and charges exorbitant fees partly because many venues must arrange ticket sales through its platform. A government settlement now requires venues to be free to work with other ticketing companies. —ft.com