How inflation may force millennials to reconsider risk

http://www.marketwatch.com/story/how-inflation-may-force-millennials-to-reconsider-risk-2014-12-02

In class we've talked about the recent market crashes and the Great Recession, but we never have talked about how it may effect us. Many other articles have pointed out that millennials are buying houses later, but not any have linked it to the fact that we have lived through a housing market crash, and that economy is still recovering from the Great Recession.

These 7 Cities Expose Exactly What Gentrification Is Doing to America

http://mic.com/articles/102004/these-7-cities-expose-exactly-what-gentrification-is-doing-to-america?utm_source=policymicTBLR&utm_medium=main&utm_campaign=social

This article focuses on how gentrification is not actually as great as it seems. At first gentrification looks as if a low-income neighborhood is getting an upgrade, but it soon becomes apparent that this upgrade is only for those who can afford the new cost of living in that neighborhood. This process displaces the poor and raises the prices of not just rent, but all goods sold in the neighborhood.

I think it is very important that people see how gentrification works, and how the correlation of race and income have an underlying influence in this issue.

What's a $4,000 Suit Worth?

http://www.nytimes.com/2012/09/09/magazine/whats-a-4000-suit-worth.html?_r=5&

This article is about Peter Frew, a man who custom makes custom suits for $4,000 in New York City, and how his low economy of scale is an effect of cheaper made suits.

This article is interesting because it shows how quantity is valued over quantity in our economy.
Frew makes $4,000 suits, but makes only around $50, 000 a year because it takes him 75 hours to produce a suit of unmatched quality. While many high ranking businessmen in New York City have the money to spend on one of his suits they usually do not want to spend that much money on something that will take them about a month to get it. People rather get cheaply, fastly made suits, that are not anywhere near the quality of the custom made suits, but are more time efficient and less expensive.

Ask a North Korean: How fashion works in North Korea

http://www.nknews.org/2014/10/ask-a-north-korean-how-fashion-works-in-north-korea/

I find this article interesting mostly cause I like fashion, but this article also has economic influence.

In North Korea the economy is controlled by the government, when they produce clothing it is usually low quality, low quantity, and in drab colors. This caused a black market of secondhand Chinese and Japanese clothing to become a status symbol. In this article a girl tells the story of how when she was in school in the 1990s government control and fashion influenced her life.

Money Is Not Wealth -- But It Helps Create Wealth

http://www.forbes.com/sites/steveforbes/2014/09/30/money-is-not-wealth-but-it-helps-create-wealth/

This article is about how our ideas of money are erroneous, especially the ones that policy makers have. Money, in this article, is presented as a symbol of the economy, but not the economy itself, production of goods and services is. Kind of like what we learned in class already about money.

Midway through the article some different economic theories are presented, which I think is the most interesting part of the article, because we usually just learn one way of thinking of the economy, but there are many ways to approach the economy. The article closes with the idea that the government cannot create wealth in economy, even though it controls monetary policy. The real creators of wealth in an economy are companies.

Black-Owned Businesses Are Quietly Powering Detroit's Resurgence, But No One's Talking About It

http://www.huffingtonpost.com/2014/07/17/detroit-black-owned-businesses-_n_5587466.html

This article is written about a year after the city of Detroit declared bankruptcy. This article focuses on how the city is recovering now mostly due to the Black business owners of the city, but how no other media news source will acknowledge this. I find this article interesting because it talks about how there are over 32, 000 black owned businesses that have been open for decades in the city and have been through bad times before. Also after the introduction 13 Black owned Detroit businesses are profiled.