Rather disturbing developments

BBC: China building 'great wall of sand' in South China Sea. What's more, a lot of the disputed islands are within the Philippines' EEZ.

Every economic news report ever

Is a masteral degree still worth it?

Link. Quote:

In conclusion, modern graduate schools attract talented workers, but often not the best. The opportunity and monetary cost associated make these schools obsolete for the most talented individuals. In 2015, top firms should focus on undergrads when recruiting.It 

New book by Al Roth

Al Roth, co-recipient of the 2012 Nobel Prize in economics, has an upcoming book:

Infographic of the day: Hispanic America

Perhaps the most striking bit is that by 2050 less than half of the US population will be white. So the average American by then will only be half-white!

Latest from Reinhart & Rogoff

From their 2014 paper entitled, "Recovery from financial crises: evidence from 100 episodes" (pdf):

Now entering the sixth or seventh year (depending on the country) of crisis, output remains well below its pre-crisis peak in ten of the twelve crisis countries. The gap with potential output is even greater. Delays in accepting that desperate times call for desperate measures keeps raising the odds that, as documented here, this crisis may in the end surpass in severity the depression of the 1930s in a large number of countries.

History of supply & demand

Here. Excerpt:

Economists usually see Alfred Marshall as the originator of standard demand and supply diagrams and their use in economic analysis including welfare applications and consumer surplus. However, it turns out that Marshall’s diagram was not the first use of demand and supply curves. Cournot originates a scissors type diagram to illustrate tax incidence in 1838 that has a demand and a supply curve with price on the horizontal axis and quantity on the vertical axis. Indeed, at least five economists used similar tools before Marshall published it – Antoine Cournot (1838), Karl Rau (1841), Jules Dupuit (1844), Hans Von Mangoldt (1863) and Fleeming Jenkin (1870). According to Humphrey (1992), these individuals were largely unaware of the others work.

PPP, illustrated

BBC: "Singapore is world's priciest city."