Written by Leela Anderson During the 2022 football season, the University of Michigan football team gained momentum all season, beating famous rivals like Michigan State University and Ohio State University, before being stopped by Texas Christian University just short of the National Championship. Fueled by their close brush with victory and the fact that many…
Author: MJE
Mathematically and Economically Optimal Dating
Written by Aeres Zhou Contrary to what the title may suggest, this article will not teach you the ideal strategy to approach any one person, but rather explore the macro strategy of how to end up with the most suitable partner. I think most people can agree that the end goal of dating is to…
Op-Ed: Why the United States Should Look to Venmo for Economic Growth
Written by Brooke WilliamsFrom Zelle to Venmo, and everything in between, digital payment platforms have been gaining popularity since the mid 2010s. Then, the COVID-19 pandemic hit which led to another major increase in the popularity coupled with new developments in e-commerce due to the need for more online orders while social distancing. The reliance…
The Dark Alliance: Addressing the Rise of AI Financial Frauds and Cyber Scams
Written by Terence Huang The rapid growth of technology has positively impacted various aspects of our lives, both socially and financially. However, with the increasing prevalence of artificial intelligence, there has been a surge in financial frauds and cyber scams in the digitization of financial services. A survey of 500 fraud and risk professionals, conducted…
Social Security
Written by Joshua Ravichandran There’s a serious financial issue facing Social Security. The program is projected to have a $13.6 trillion dollar gap between how much money it takes in compared to how much money it pays out over the next seventy five years (US Department of Treasury). So this raises the question. How can…
Inequality, Carbon Emission, and the Future of Climate Change Mitigation
Written by Lily Liang We all contribute to climate change, but not to the same extent. Between 1990 and 2015, the world’s richest 10% were responsible for more than half of the carbon dioxide emitted to the atmosphere and used up one third of the world’s remaining 1.5C carbon budget (Watts, 2023). Today’s global carbon…
Javier Milei to take on Argentina’s Economic Crisis
Written by Gabi Breuer In late October, Argentina held presidential elections, crucial in determining how the country would handle its economic turmoil. Since the nineties, Argentina has struggled with such hardships: having substantial debts, falling into deep recession periods, and facing extraordinary inflation. This most recent election was critical to ensure Argentinians were put on…
A Divided East and West
Written by Amanda Katiraei In November 2023, Chinese factories confronted overcapacity and a struggling domestic economy by boosting exports. These actions to boost their economy have created new trade tensions, particularly in industries like electric vehicles and solar panels. As manufacturers are now facing weakened domestic demand, they are aggressively cutting prices to gain traction…
The Risks Associated with Adjustable Rate Mortgages
Written by Paige Steinhauser With mortgage rates on the rise, many Americans are forgoing fixed mortgages and instead turning to adjustable rate mortgages, or ARMs. ARMs have become increasingly attractive due to their low starting interest rates. However, ARM rates can alter after a certain period based on “changes in the corresponding financial index that…
Showdown in the Spratleys: How Economics Drives China’s Claims in the South China Sea
Written by Lizzy Cohn Over the last century, territorial claims in the South China Sea, specifically the Spratly Islands, have been widely disputed among many countries including China, the Philippines, Vietnam, and Japan. In addition to these islands being a prime location along the major commercial shipping routes to northeastern Asia, they are extremely rich…