Written by Luka Todorovic Introduction In the 1920’s, the United States went through a period of time known as Prohibition, where the passage of the 18th Amendment banned the manufacture and sale of alcohol in the U.S. (Olson & Gerstein, 1985). Though passed as the result of a larger temperance movement to attempt to get…
Author: MJE
Is Shohei Ohtani’s Contract Really Worth $700 Million?
Written by Colin Fisher “Give him a blank check” is a plea frequently made by sports fans when referring to a star free agent in hopes that their team will sign him. However, front offices do not literally follow this advice since they have historically set a limit on the maximum compensation they are willing…
Forging Ahead: Nippon Steel’s $14.9 Billion Acquisition of U.S. Steel and its Impact on the Global Market
Written by Louis Leonardi On January 5th, 2024, Nippon Steel announced plans to acquire the U.S. Steel for approximately $14.9 Billion. The deal is an all-cash acquisition where Nippon Steel is paying off $0.8 Billion of debt valuing the deal at $14.1 Billion. Nippon Steel (OTCMKTS: NPSCY) agreed to acquire U.S. Steel (NYSE: X) for…
Tennessee’s New ELVIS Act: Free Speech & Free Market
Written by Gabby Land Last month, the governor of Tennessee, Bill Lee, signed a first of its kind (in the U.S.) bill called the Ensuring Likeness Voice and Image Security (ELVIS) Act. The law aims to address a gap in current state law to protect artists’ name, image and likeness by specifically addressing “new, personalized…
How Stock Buybacks Impact the Economy Op: Ed
Written by Tanner Buck A stock buyback refers to when a company uses its profits to buy back shares from its shareholders. Stock buybacks were long regarded as a form of market manipulation where companies could artificially inflate their value by simply bidding up outstanding shares. Thus, stock buybacks were rare for the majority of…
Payday or Payback? The Winners and Losers of Conference Hopping
Written by Ameya Keertikar Ready, set, HIKE! American football: a staple pastime for all Americans alike. With millions of fans in the US and worldwide, this sport has quickly risen to one of the most popular activities. Raking in billions of dollars every year, the NFL (National Football League) claims some of the most decorated…
COMAC’s Impact on the Future of the Airbus-Boeing Duopoly
Written by Tanay Pingle For decades, two major firms have held an iron grip over the airplane manufacturing industry: Boeing and Airbus. Boeing currently maintains a 40.6% market share, while Airbus dominates the other 60.4% of the industry. Both of these firms hold incredible leverage over the entire airline industry, allowing them to maintain a…
Why Designer Brand’s Keep the Middle Class in Poverty: The Marketing and Economics Behind it
Written by Noah Kanter From a young age, many of us have memories of walking in the mall or down Fifth Avenue, staring at the glamorous designer stores. There were so many options from which to look: Gucci, Louis Vuitton, Dior, Versace, Prada. Each of these companies has its own “niche” emblem which embodies the…
Retail Crypto: Investing in the approval of Spot Bitcoin ETFs
Written by Terence Ashforth On January 10th, 2024, the Securities and Exchanges Commission (SEC) did something radical. Breaking a decade of precedent, the U.S. Market regulator approved the first exchange-traded fund (ETF) tracking Bitcoin (Lang & McGee, 2024). Upon casual reading, the event seemed unremarkable. ETFs comprise 12.7% of U.S. equities, and most are considered…
The Money and Economics Behind The Presidential Election
Written by Tianqi (George) Sun The presidential election of 2024 is coming up. No matter which political party people associate with, there is one undeniable truth: running for president costs billions of dollars. With these contributions, challenges arise, and significant debates around the influence of money on elections have arisen. Campaign financing includes terms such…