Written by Shayna Korsh When millions of people were forced to quarantine in their homes beginning in mid-March due to COVID-19, streaming services such as Netflix quickly catapulted into primary sources of entertainment. Since their creation in the early 2000s, Internet streaming services have revolutionized the film and television industry, as consumers are able to…
Month: September 2020
Inflationary Pressures on the Horizon
Written by Vibhav Das With U.S. unemployment hovering around all-time highs, a recent resurgence in COVID-19 cases, and the largest quarterly decline in GDP on record, most investors are eager for signs of stability and improvement in the economy. Therefore, it’s relatively easy to overlook current data points indicating potential inflationary pressures to the economy.…
Ricardian Equivalence and Other Shortcomings of Economics Teachings: What We Learned from the Pandemic
Written by Ryan Erickson Apart from changing how we teach (as we’ve become students of Zoom University), the current COVID-19 pandemic could also impact what we teach in the future, specifically in economics courses. This would come on the heels of Econ curricula seeing tweaks in light of the Great Recession of 2008-09. What made…
Why You Can Still Have Deflation While Injecting Trillions Into The Economy
Written by Ben Iorio In March of 2020, the Federal Reserve responded to the COVID-19 pandemic by injecting $2.3 trillion USD into the economy. This mass influx of money from the Federal Reserve came in the form of emergency lending programs, asset purchases, decreased requirements on banks, and a near zero interest rate. Beginner and…
A City in Distress
Written by Sarah Shetty The COVID-19 pandemic has ravaged countries around the globe, penetrating nearly every aspect of our day-to-day lives. Arguably one of the most important consequences resulting from this pandemic, is that it has forced us to recognize the economic inequality that persists between social class. Unlike the U.S., which is currently leading…
Coronavirus Could Change the Way We Work
Written by Arianna Pollack Before the COVID-19 pandemic, many of us had the ability to walk down the hall and ask our coworker or boss a question. Not only did we take this for granted, people accepted the idea that this level of in-person interaction was necessary for many occupations. Across America, many workers are…
How the Stock Market is Rising Despite a COVID-19 Fueled Recession
Written by Tess Britton On Tuesday, August 17th, 2020, amidst a global pandemic and hard-hitting recession, the S&P 500 closed at a record. Earlier in March, the stock market was at rock bottom; the end of a bear market that started in February and the beginning of a bull market. The bull and bear…
The Past and Present of India’s Economic Slump
Written by Aakriti Badyal Home to a population of over 1.3 billion people, India has been largely economically impacted by the COVID-19 pandemic. Prior to the pandemic, India had been facing an economic downturn growth rate declining since the fiscal year 2018. COVID-19 has exacerbated the situation and India’s economy shrank by a record 23.9%…
Coronavirus and Education: The Overlooked Issue
Written by Raj Ashar Amid the raging coronavirus pandemic, a fiery debate has ensued over the reopening of schools across the country. Proponents of reopening contend that the potential health risks of reopening are outweighed by the harmful effects of having an online semester, while opponents argue that the U.S. currently does not have…