Higher Rock Education - Economics Blog

Dow Nears 20,000

Friday, December 16, 2016

It is hard to believe the market may hit 20,000 soon! The Dow Jones Industrial Average has increased 150% since President Obama took office. On January 20 2009 the market index was 7,949.09. Yesterday it closed at 19,852.24. This is an average of 18.7%. Why has the increase been so great? Here are several More

How Does Snapchat Make Money? How Free Apps Generate Income

Tuesday, December 13, 2016

Ever wonder how companies that give their product away earn money? Several years ago, Red Hat launched and provided open source software. How could they make money? Presently social media companies that give their application away baffle me. Our British contributor explains how companies like Snap, Inc. (Snapchat) intend to earn a profit. More

Negative Interest Rates – A Frightening Monetary Tool

Friday, December 09, 2016

Would you deposit your savings in a bank if they charged you to keep your money safe and did not pay you any interest? If not, what would you do with your funds? On August 16, 2016 Raiffeisenbank Gmund am Tegernsee, a small community bank in Germany began to charge their depositors 0.4% instead of paying them interest. (CNN Money, Aug 16. 2016) That’s right, if you deposited €100,000 with them, they would charge you €400! More

Penn State and the Demand for College Football

Monday, December 05, 2016

I confess that I was very disappointed yesterday when the NCAA selection committee revealed that the four teams to compete for the NCAA National Championship in Division I football did not include my Penn State Nittany Lions. Just the night before, Penn State fans celebrated a great win against the sixth- ranked Wisconsin Badgers to win the Big Ten Conference. They earned a spot in the championship by winning the Big Ten East Division. Most of the experts agreed that the Big Ten was the best conference in the country, and the Big Ten East Division was the toughest division in college football largely because the More

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