The Deadweight Loss of Christmas

As most of the Christian world prepares for the mass of Christ, modernly known as Christmas, there are always economists to examine the utility exchange of gift giving. I buy presents for my immediate family only. In my case that is six people. My siblings receive small gifts and my parents larger presents. I usually aim for a rarity or something I know the recipient would not buy on their own. I stay away from anything I could partially benefit from just in case my intentions are called into question. And of course anything with a cord comes with my…

New York Times : Satellite Radio Extends Its Orbit

David Pogue of The New York Times covers the current state of satellite radio. What is most interesting is the gap in customers between XM and Sirius. “XM now has over a million subscribers; Sirius has 200,000.” I remember reading that 2 million users is the break-even point for both companies. I listen mostly to NPR while I drive. I am not convinced that satellite radio could outperform a MP3 player hooked up to my stereo system….