Written by Manasvi Parikh The United Nations climate conference, COP26, took place in Glasgow, Scotland from October 31 to November 12, 2021, and many global leaders were in attendance, including the U.S. President, Joe Biden, and India’s Prime Minister, Narendra Modi. Some global leaders are absent from the conference, such as Russia’s Vladimir Putin and…
Month: November 2021
Data Falsification: A Short-Track to Large-Scale Economic Disasters
Written by Elizabeth Davis Most people, when asked about the root causes of economic disasters, would answer in terms of market crashes, inflation, or rapid output growth; not often would they suggest the falsification of economic reports. Yet errors that occur in the reporting of data, a seemingly trivial aspect of economics, have the potential…
Irrational Behavior and COVID 19: Its Origins and Lasting Impact
Written by Amanda Jaworsky Logic and rationality are two key cornerstones to many aspects of economic theory, and while they are useful tools in understanding many economic decisions, there are times when consumers go rogue and exhibit distinctly irrational behavior. The most common source of this irrationality is emotional response: consumers often view economic events…
What Top Banks’ 2021 Third-Quarter Earnings Say About the U.S. Economy
Written by Jackson Joyce Since the beginning of the COVID-19 pandemic, the American economy has been on a roller coaster. Conditions of the economy have been constantly changing, making future trends difficult to predict. However, some recent events can help shed some light on the current economic conditions in the United States. One such event…
Controversy Around the Debt Ceiling: Why Does it Still Exist?
Written by Bradley Pasekoff One of the most important aspects of a nation on the international stage is the reliability of their currency and its future outlook. For investors, having this peace of mind knowing their investment is safe is worth every penny. Knowing this, what would happen if a country were to default on…
Is the US Heading for Hyperinflation?
Written by Jared Bonebright The past year and a half have seen economic fluctuations like nothing before, and while the infection rates of COVID-19 seem to be on the decline, the ramifications on greater society and the economy still remain to be seen. Starting in mid 2021, the United States has started experiencing interest rates…
COVID’s Effect on Retirement in the U.S
Written by Tess Britton Right now, labor supply is tight. The COVID 19 pandemic caused a major decline in employment. Despite the current decreasing case numbers and deaths caused by COVID 19, the labor supply in the U.S. has still not recovered. In fact, “the U.S. is still missing around 4.3 million workers”. While there…
Inequitable Public Education Funding – A Forcing of Winners and Losers
Written By Ethan St. Pierre Public education acts as a foundation for every American. Whether you come from a white-collar lineage in the suburbs of New York or are the child of coal miners in West Virginia, you likely went to public school at some point in your life. These institutions are designed to educate…
The Semiconductor Shortage and its Consequences on Major Industries
Written by Jimmy Hefter The COVID-19 pandemic took a toll on our jobs, our mental health, our family connectivity, and a 14 nano-meter semiconductor chip. One would think a shortage of semiconductor chips would be benign, but the current situation is all from that. The global semiconductor shortage caused by the pandemic has been occurring…
The Structure of Minor League Baseball
Written by Raj Ashar In 2019, the revenue of Major League Baseball (MLB) was 10.7 billion U.S. dollars (Brown). The minimum salary for a player that year was $555,000 (Velayos), a figure that comfortably places one in the top 5% of the United States income distribution (Kagan). Contrast this to Minor League Baseball, the steppingstone…