The Economics of Food

Here at the Ben & David, we like food.  We like reading about foodwatching movies about food, and listening to music about food. Heck, we even like eating food. And, occasionally, we like cooking.

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Shopping Online vs. On Line

I received an Amazon giftcard the other day.  As I perused the site and compared prices with other e-tailers such as Target, Best Buy and Wal-Mart, I found that, as always, Amazon undercuts its competition, especially with tax and shipping factored in. Since I spend much of my pocket change at Amazon, this discovery came as no surprise.

But what was surprising was an interesting metric; Amazon, nearly earth’s largest bookseller, books a net profit of only 1.34%.  Granted, they rely on volume, not margin, for profits, but this incredibly low number was compelling, and seems indicative of Amazon’s corporate philosophy of using loss leaders – like the Kindle Fire – and microscopic margins to catch and keep customers within its simple and increasingly expanding product and entertainment ecosystem.  The thinking is, as long as one buys a book at Amazon – giving them, say 28 cents on every $25 hardcover sold – one may as well purchase digital content from Amazon’s burgeoning music, video, and e-book selections.  And while you’re at it, why not everything else?

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The Huffington Post Needs to Stop Featuring Sensationally Large Headlines

As we all may have heard, the New York Times published a survey, detailing Americans’ declining faith in the Supreme Court.  The story was also picked up by the Wall Street Journal, Boston Globe, and a number of other papers.  And yet, the Huffington Post, as is its nature, insists on publishing obscenely large pictures … Continue reading The Huffington Post Needs to Stop Featuring Sensationally Large Headlines