Like so much that emanates from the complex science, the economic idea of “competition” is something of an abstract concept. It can be difficult to envision how the desire of individual firms to outperform one another, in the market, can translate to better products and lower prices in the long-run.
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A Whopper Of A Stock
Since its founding in 1954, Burger King (BKW) has been a staple among US fast food chains. Alongside Wendy’s (WEN) and McDonalds (MCD), the three fast food titans have supplied customers with tasty burgers for years. Among these three, however, Burger King has had the most tumultuous existence.
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From Scams To Riches
Every now and then, on Wall Street, a penny stock surfaces from nothingness and generates ridiculous gains in a short time period (the medical marijuana healthcare sector being the latest example). The gains are often short lived, as investors quickly realize the rise of the stock was caused by nothing more than hype and speculation, not fundamentals.
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Our Chronic Addiction
As the United States slowly inches toward ending its ill-fated War on Drugs, first decriminalizing marijuana, we have begun to see the first attempts to build legitimate businesses around pot. With the legalization of marijuana in Colorado and Washington, the growth of medical marijuana in several states (including California), and the diffuse relaxation of penalties for pot-related crimes, many have recognized the enormous potential market for legal weed, especially if current trends continue.
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World Cup Fever
In what has been one of the most exciting sporting events in recent memory, the 2014 FIFA World Cup has captivated audiences around the world. Even in the United States, where soccer is vastly overshadowed by most other professional sports, the World Cup has become the second most-watched televised sporting event, behind only the Super Bowl.
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Creative Destruction
One of the more interesting ideas to come out of economic and business literature is that of “creative destruction,” which is closely related to the concept of “disruptive innovation.” Distilled down to its most basic form, “creative destruction” is the concept that something new, whether a technology, manufacturing process, or business practice, can disrupt the established market and upset the market power of entrenched companies.
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The World Beyond Wall Street
If you have been paying attention to international news over the last few weeks, you are most likely aware that the Middle East is once again heating up. While the civil war in Syria continues to rage, militant Islamic fundamentalists have risen up in Iraq (a group known as ISIS), and are slowly trekking toward Baghdad.
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