Electric vehicles as an example of a market failure

Electric vehicle revolution is well under way. Norway ambitiously heads toward having all new cars sold as zero-emission by 2025. China continues to be one of the major drivers of EV boom. The US market experiences strong ...

Study indicates housing market cycles have become longer

A statistical analysis of data from 20 industrial countries covering the period 1970 to 2012 suggests housing market pricing cycles—normal, boom and bust phases—have become longer over the last four decades.

Study: New negative trend in Phoenix housing market

It’s official: The Phoenix housing market appears to be experiencing a new downward trend. A new report from the W. P. Carey School of Business at ASU confirms a year-over-year decrease in home prices for the third month ...

How 'houses as ATMs' feed a recession

For most Americans, their home is their most valuable asset, so it makes sense to borrow against the equity to obtain cash. In lean times, that money can be spent on consumption, which keeps the economy humming along. But ...

Obama: 'I'm not allowed an iPhone'

US President Barack Obama admitted Wednesday he was not allowed to have an iPhone owing to security fears—explaining why he is sometimes seen with a bulky super secure Blackberry.

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