Edmund Phelps who changed our understanding of inflation dies at 92

A group of economists and students gather in a university lecture hall to discuss the legacy of Edmund Phelps following the announcement of his passing at 92.

Phelps’s most notable achievement was the development of the concept of the natural rate of unemployment, which posits that there is a specific level of unemployment that exists in an economy even when it is healthy. His passing comes at a time when many economies are grappling with rising inflation rates, making his insights more … Read more

SNL Mocks Trump’s Nobel Prize Envy and Colin Jost’s Unhinged Promises

Colin Jost, portraying a fictional Fox News host, delivers a humorous monologue about Donald Trump's aspirations for a Nobel Prize during a lively "Saturday Night Live" skit.

Colin Jost, a prominent cast member, played a fictionalized version of Fox News host Pete Hegseth, who promised viewers that “the USA is going to f countries around the world.” This hyperbolic statement was intended to mock the aggressive foreign policy rhetoric often associated with Trump’s administration, highlighting the ongoing tensions in international relations. For … Read more

Machado’s Controversial Offer to Trump and the Nobel Prize Institute’s Response

Alicia Machado gestures animatedly during a live interview as she makes her controversial offer of the Nobel Prize to Donald Trump, surrounded by a captivated audience and flashing cameras.

The Nobel Prize Institute responded swiftly, clarifying that the Nobel Prize cannot be transferred or offered to another individual. This statement underscores the strict regulations governing the prestigious award, which has historically been awarded to individuals for their contributions to peace, literature, and science. Machado’s offer appears to be a commentary on the political landscape … Read more