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Jay L. Zagorsky

Clinical associate professor, Boston University
I teach at Boston University's Questrom School of Business. From 1988 to the present my teaching has spanned a wide range of levels from senior executives taking intensive classes to high school students encountering economic theories for the first time. I have taught giant lectures of over 450 students, classes of fifty, and small seminars with fewer than ten people.

From 1995 to 2018 I held the position of Research Scientist at The Ohio State University, where I collected data as part of the National Longitudinal Surveys on income, wealth, and life experiences of thousands of Americans. My personal finance research has been widely quoted in the media and has been highlighted in the Wall Street Journal, USA Today, Fox News, Good Morning America, Scientific American and numerous other news outlets.

Besides publishing numerous scholarly articles I wrote the book "Business Information: Finding and Using Data in the Digital Age" for McGraw-Hill/Irwin and "Business Macroeconomics: A Guide for Managers, Traders and Practical People." More information on the macroeconomics book can be found at http://businessmacroeconomics.com/.

My personal blogs are found here https://blogs.bu.edu/zagorsky/ and https://u.osu.edu/zagorsky.1/

Can the president really kill off the penny – and should he?

Feb 16, 2025 10:44 am UTC| Insights & Views Politics

In the middle of Super Bowl LIX, President Donald Trump posted on social media that he was getting rid of the penny. Since the lowly penny in 2024 cost about 3.7 cents to make meaning the government loses money on every...

Why March Madness is a special time of year for state budgets

Mar 25, 2024 05:12 am UTC| Insights & Views Sports

March Madness the time when the best mens and womens college basketball teams challenge each other is a made-for-television spectacle watched by millions. While March Madness has been around for decades, one of the...

Why do airlines charge so much for checked bags? This obscure rule helps explain why

Mar 18, 2024 09:15 am UTC| Insights & Views Business

Five out of the six biggest U.S. airlines have raised their checked bag fees since January 2024. Take American Airlines. In 2023, it cost US$30 to check a standard bag in with the airline; today, as of March 2024, it...

'No cash accepted' signs are bad news for millions of unbanked Americans

Jan 23, 2024 05:30 am UTC| Insights & Views Economy

How many people dont have a bank account? And just how difficult has it become to live without one? These questions are becoming increasingly important as more businesses refuse to take cash in cities across the U.S....

Airlines are frustrating travelers by changing frequent flyer program rules – here's why they keep doing it

Nov 21, 2023 04:17 am UTC| Business

As the U.S. holiday travel season picks up, many people are noticing that their frequent flyer benefits arent going as far as they used to. In September 2023, Delta Air Lines revamped its frequent flyer program to make...

Passport bottleneck is holding up international travel by Americans eager to see the world as COVID-19 eases

May 11, 2023 15:58 pm UTC| Health

The World Health Organization declared on May 5, 2023, that the COVID-19 pandemic is no longer a public health emergency. Although the virus is still causing hospitalizations and deaths, many travelers who were reluctant...

I tried to pay my taxes in cash – here's what happened, and why the IRS should make it easier to do so

Apr 10, 2023 16:12 pm UTC| Economy

About two-thirds of all U.S. residents who file federal income taxes typically get a refund. Unfortunately, this year I am among the other third who owe the Internal Revenue Service money. So I tried something Ive never...

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Economy

France to Release 10 Million Barrels of Diesel to Ease Fuel Prices

France will release 10 million barrels of diesel from its strategic reserves as the government moves to ease tight fuel supplies and rising energy prices driven by the wars in Iran and Ukraine, Prime Minister Sebastien...

Oil Prices Rise as Hormuz Risks Offset IEA Stock Release

Oil prices climbed in volatile trading Wednesday as renewed Middle East supply concerns outweighed pressure from plans to accelerate releases from global emergency reserves. Brent crude futures for December rose 0.7% to...

Fed Minutes Signal Another Rate Hike by Year-End

Most Federal Reserve policymakers expect another U.S. interest rate hike before the end of 2026, according to minutes from the central banks September policy meeting released Wednesday. The Federal Open Market Committee...

Wall Street Falls as Fed Minutes Signal Another Rate Hike

Wall Street ended lower on Wednesday, snapping a four-session winning streak as investors weighed rising Treasury yields, volatile oil prices and Federal Reserve minutes pointing to another potential interest rate hike...

Gold Prices Fall as Fed Signals Another Rate Hike

Gold prices trimmed some losses on Wednesday after Federal Reserve minutes showed that most U.S. policymakers expect another interest rate hike before the end of the year, reinforcing concerns over higher borrowing costs....

Politics

Houthis Strike Aden Airport as Yemen Fighting Escalates

Houthi forces launched ballistic missiles and explosive drones at Aden International Airport early Wednesday as fighting intensified between the Iran-aligned group and Yemens Saudi-backed government. Yemens Transport...

Rapidus Seeks Chip Customers as Japan Pushes 2nm Semiconductor Revival

Japans Rapidus is expanding partnerships with global chip design companies as the state-backed semiconductor manufacturer races to secure customers for its planned 2-nanometre production facility. Backed by roughly $15...

Vance Demands Iran Cut Nuclear Enrichment to End War

US Vice President JD Vance said Iran must significantly reduce its nuclear enrichment capacity before Washington will agree to end the seven-month US-Iran war, stressing that concrete action rather than diplomatic...

North Korea Slams US Taiwan Arms Sales, Reaffirms Russia Support

North Korea has criticized the United States for supplying weapons and military support to Taiwan, accusing Washington of increasing tensions across the Taiwan Strait as Pyongyang also reaffirmed its backing for Russia. In...

Iran Tanker Attacks Surge as Hormuz Oil Flows Near Prewar Levels

Iran has intensified attacks on tankers in the Strait of Hormuz even as oil shipments through the crucial waterway recover toward levels seen before the war, raising fresh concerns over Middle East energy security. UK...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Florida Seeks Tougher Meta Rules to Protect Young Users

Florida is asking a state judge to impose stricter protections for young Instagram and Facebook users as it moves forward with its lawsuit against Meta Platforms, rejecting a broader settlement accepted by dozens of other...

DogecoinVM Makes DOGE Transactions 300x Faster

Fintech company Metallicus has launched an alpha version of DogecoinVM on mainnet, introducing a payment layer designed to make Dogecoin transactions significantly faster without altering the cryptocurrencys underlying...

Zcash Privacy Demand Rises as AI Exposes Bitcoin Transactions

Zcash is gaining renewed attention as artificial intelligence makes it easier to trace Bitcoin transactions and connect public wallet activity with real-world identities, strengthening demand for privacy-focused...

Intel Reaffirms Role in Elon Musk’s Terafab Chip Project

Intel will continue working with Elon Musk on the ambitious Terafab semiconductor project, CEO Lip-Bu Tan said, reaffirming the U.S. chipmakers role despite speculation that Taiwan Semiconductor Manufacturing Co. (TSMC)...

LG Electronics Shares Slide as Q3 Profit Misses Estimates

LG Electronics shares dropped sharply on Wednesday after the South Korean technology giant reported preliminary third-quarter operating profit that fell short of market expectations, despite delivering solid year-on-year...