Written by: Sierra Perrin Hee Real estate generates almost 17% of Florida’s GDP, but with increases in tropical storms Florida’s housing market has had to adapt, becoming more reliant on wealthy home buyers (Coren, M. J., et al., 2024). Due to recent hurricanes, especially Milton, less affluent homeowners are beginning to pack up and move…
Year: 2024
Yes Way(mo) or No Way(mo)? How Autonomous Vehicles Impact San Francisco’s Economy
Written by: Jocelyn Branham San Francisco, one of the largest technology capitals in the country, has in recent years become the testing ground for autonomous vehicles (AVs), also known as driverless cars. While there are an estimated 41 companies currently testing AVs in The City (Shaban et al., 2024), the most commonly known are Waymo…
An Analysis of Pandemic-Era Inflation
Written by Cameron Maddock On September 18th, 2024, the Federal Reserve cut the federal funds rate by 0.5% to a target range of 4.75% to 5%, finally starting the rate cut cycle after raising rates to fight inflation during the pandemic. To understand where we are now, it is useful to look back at the…
The Economic Impact of Hurricanes and Natural Disasters
Written by: Ali Pullaro When a category five hurricane hits the coast, it leaves more than just shattered homes and uprooted trees in its wake. The devastation goes beyond what may initially meet the eye. These storms wreak havoc on local and national economies. The true economic toll of a hurricane isn’t measured only by…
The Cost of Pharmaceutical Innovation
Written by: Rohan Girvin Drug Prices are Higher in the United States Despite the United States being a global superpower, leading the world in nearly every facet of innovation and growth, the US struggles greatly with the high costs of pharmaceuticals and medications that are essential for many people to survive. Data gathered in 2022…
Social Security, its Future Demise, and the Potential Options for Salvation
Written by Brooke Williams Since its inception in 1935, the social security program has become the single largest government expense in the United States. Out of the 47 million Americans above the age of 65, about 46 million are drawing social security retirement benefits, and an additional 23.8 million out of this age range, including…
Implications of the 2024 Election on Economics
Written by Arnav Gupta It’s official: Donald Trump is America’s 47th president. This year’s election cycle was marked with so much turbulence, drama, and violence it could have easily been a movie plot. More than anything, however, this election demonstrated the effect rhetoric can have on voters, a tense game of tug-of-war with truth that…
The Reality of American Childcare
Written by Siddharth Mehta The U.S. childcare industry is a tough place for business owners to succeed. Despite its high annual prices which rival yearly rent averages in some states, American childcare businesses still struggle on the daily to stay operational. The largest reasons for this include childcare centers paying a fortune to fulfill intricate…
COVID-19 and the Economy: A Comprehensive Analysis
Written by Mariam Safirta Coronavirus disease (COVID-19) is an infectious disease that causes mild to major respiratory issues. It quickly spread and became a worldwide pandemic influencing the lives of all human beings (“Health topic: Coronavirus disease (COVID-19)”, 2024). The pandemic has reshaped economic landscapes, revealing vulnerabilities, and prompting shifts in financial strategies and policies.…
Political, Economic, and Environmental Concerns for the Texas Power Grid
Written By: James Kluge Starting February 10th, 2021, residents of Texas experienced the worst power outage in state history, all stemming from the polar vortex. An extreme snowstorm quickly morphed into a humanitarian crisis when the non-weatherized Texas power grid failed, leaving 4.5 million families without heat and electricity and at least 246 dead over…