Economics

Edwin L. Drake's first oil well.

Oil Companies First Built Pipelines in the 1860s; They've Been Contested Ever Since

In the 19th century, reformers were happy to have oil come out of the ground—but they objected to the way oil companies controlled it

Bradesco Bank ATM, Rio de Janeiro.

The ATM is Dead. Long Live the ATM!

Usage is on the decline – so why are banks looking to the machines to save them?

In a photo taken on January 3, 2012, Royal Dutch Shell's Kulluk drilling rig sits grounded off the Alaskan coast.

Oil Companies Are Pausing Plans to Drill the Arctic

Drilling the Arctic is hard, and with oil prices flagging, it may not be worth it

Even A/C Can't Keep Our Economies From Slacking Off on Hot Days

As global warming turns up the temperature on the planet, it's going to be tougher to get anything done

Some of the game’s early tokens doubled as prizes in Cracker Jack boxes.

Monopoly Was Designed to Teach the 99% About Income Inequality

The story you’ve heard about the creation of the famous board game is far from true

One of the line items in the new budget is funding for a mission to Jupiter's moon Europa.

NASA Could Actually Get a Budget Boost Next Year

The pending budget will give NASA even more money than they asked for

A natural gas storage tank at the Cenex oil refinery in Montana.

The Fracking Boom Could Burn Out Decades Before It's Supposed To

Overenthusiastic shale gas estimates may be setting the world up for a fracking crash

MIT Is Giving Its Students Bitcoin

Researchers interested in studying how people use Bitcoin are handing out $100 worth of the currency to whoever wants it

Most College Students Don’t Graduate on Time

The vast majority of students take more than 4 years to earn a bachelor's degree

Galapagos sea lions laze on the beach.

A Major Galapagos Conservation Foundation Is Running Out of Cash

A fight over selling souvenirs on the Galapagos is threatening conservation efforts

Why Do Families Move for Men's, But Not Women's, Careers?

Men choose jobs that are less flexible in location

There's an Airbnb for Fields in England

In the U.K., you can rent a field for weddings, concerts, sports matches or simply your own enjoyment

A MONIAC at Roosevelt College, pictured with economics professor Abba P. Lerner

This Computer From 1949 Runs on Water

Computers at the time didn’t have displays; one economics student created a visualization using water-filled tanks and tubes

You can't spend your way out of this one, America

NASA Is Turning Black Friday Into "Black Hole Friday"

Because, in the end, even great savings won't save you from a singularity

Just in Time for Black Friday, San Francisco Passed the First Ever Retail Worker Bill of Rights

San Francisco's retail staff will have more stable hours and the possibility to work overtime

Yum.

Butter And Olive Oil Prices Spike

The world is about to become much less tasty

Millennials Are Different, Just Not the Way You Think

Young adults today are more optimistic despite facing more economic strain than the previous two generations

Look How 30 Years of Automation Changed How Crayons Are Made

"Mister Rogers' Neighborhood" showed how people made crayons. Today, crayon-making is a robot's job

Syrian Kurds flee Kobane as Islamic State forces approach.

ISIS Is Making Its Own Currency

It's the latest step in the insurgent group's attempt to forge a new state

Grad Students Carry 40 Percent of All Student Debt

But they make up just 14 percent of enrollment at U.S. universities

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