Tag Archives: economics

The twisted economics of ‘RushTok’: Some sorority pledge influencers can pay their tuition, but they’re fleeing online hate and backlash

The twisted economics of ‘RushTok’: Some sorority pledge influencers can pay their tuition, but they’re fleeing online hate and backlash

Kylan Darnell became an overnight celebrity in the TikTok niche that documents the glitzy, ritualistic recruitment process for sororities. As a 21-year-old rising senior four years later, she’s taking more of her sorority life offline. Darnell has until now been the embodiment of RushTok, a week-long marathon that has teens at schools around the country meticulously documenting their efforts to …

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‘The economics made it a challenge’: CBS boss talks Stephen Colbert cancellation | Stephen Colbert

‘The economics made it a challenge’: CBS boss talks Stephen Colbert cancellation | Stephen Colbert

After much media consternation and criticism over the cancellation of The Late Show With Stephen Colbert, CBS chief has spoken up about the company’s decision to end the television institution after 32 years. Speaking at a press conference following the takeover of Paramount by the media conglomerate Skydance, George Cheeks, the chair of TV media at the company, attributed the …

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Oxford Economics says the crumbling housing market will continue deteriorating because of two key factors

Oxford Economics says the crumbling housing market will continue deteriorating because of two key factors

Mortgage rates are still nearly 7% and home prices are 55% higher than they were at the beginning of 2020, according to the Case-Shiller U.S. National Home Price Index.  Housing inventory is slightly rising overall, but it’s not doing so by nearly enough, a May report by the National Association of Realtors and Realtor.com shows. And an analyst note published …

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While Trump celebrates the demise of Stephen Colbert’s show, the economics of late-night TV are crumbling

While Trump celebrates the demise of Stephen Colbert’s show, the economics of late-night TV are crumbling

CBS says its decision to end Stephen Colbert’s late-night comedy show is financial, not political. Yet even with the ample skepticism about that explanation, there’s no denying the economics were not working in Colbert’s favor. The network’s bombshell announcement late Thursday that the “Late Show” will end next May takes away President Donald Trump’s most prominent TV critic and the most popular …

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