The Bureau of Labor Statistics reports
that the unemployment rate decreased in November to 7 percent- a decrease of 0.3 percentage points. Apparently unemployment numbers are one of the few places where a decrease of 0.3 percentage points would be described as "huge"
by the media.
This year, buying the twelve days of Christmas will set you back about $114,000
In the most recent round of awards, President Obama gave behavioral economist Daniel Kahneman
the Presidential Medal of Freedom
. You can read more about the ceremony and Kahneman's work here
Economists obviously understand a lot about profit maximization and incentives, so it's not unreasonable that they would be careful to think about how companies and individuals would find loopholes in regulation when analyzing the efficacy of said regulation. Apparently sometimes these economists are overly, well, optimistic, in a weird way, regarding how cunning these companies and individuals are, and are therefore surprised when regulation actually achieves its intended purpose