Category: Domestic Economics

Written by Miles Fichtner The Department of Government Efficiency (DOGE) is a new advisory committee to the executive branch. It is a task force, with an estimated expiration date less than halfway through Trump’s presidency, 18 months (CNBC, 15:29). This task force will be headed by Elon Musk and Vivek Ramaswamy. Musk was the largest…

Written by Hugo Aca-Zayas It is well established that innovation has led to growth, which helps elevate social standards and ways of life (Brynjolfsson & McAfee, 2014). For example, the Industrial Revolution caused a dramatic shift in previous ways of living and introduced a new standard of living. More recently, we have seen growth in…

Written by Daniel Murphy If you watched local television this fall it is likely you encountered a commercial addressing supposed “price gouging” by American grocers (Wingrove, 2024). Vice President and former Democratic presidential candidate Kamala Harris made a central promise of her campaign a ban on these activities, designed to lower costs on household goods…

Written by Mariam Safirta American fast-food chain restaurant, Wendy’s, sells their most expensive burger meal, the Bacon Double Stack Biggie Bag, for $7.00 USD. But all four salad options are sold at $8.89 USD each (What’s New at Wendy’s, 2024). The average consumer can afford a double bacon cheeseburger, fries, 4 piece nuggets, and a…

Written by William Agustin With the re-election of Donald Trump, many Americans are waiting to see if the upcoming Trump administration will follow through on its policy promises. Even among other polarizing political issues like abortion and immigration, inflation, jobs, and the economy stand tall as the most important issue voters care about. Along the…

Written by Adele Flores-Noel With the increased frequency of climate-related natural disasters around the world, local and national governments are scrambling to institute preventative measures and policies. One of the most costly natural disasters is drought (Kuwayama, 2019). While there is no specific definition of a drought, it is generally characterized as a lengthy period…

Written by Oskar Wiedenhoeft Ever since Walt Disney spurred his dreams of creating a cartoon studio into reality in 1923, the all-powerful mouse has become one of, if not the most powerful entities in Hollywood. Disney has been the studio behind iconic characters, movies, and IPs such as Marvel, Pixar, and Disney animation, many of…

Written by Nitya Wanchoo In the transition from fuel powered cars to electric vehicles in the name of sustainability, we see how essential battery technology is to a future powered by clean energy. The United States has been investing heavily in batteries, such as electric vehicles (EVs) and renewable energy storage. Since the Biden administration…

Written by Meera Boyapati The incorporation of Environmental, Social, and Governance (ESG) has become a critical component of corporate strategies and investment decisions. ESG standards evaluate a company’s effect on the environment, its social impact, and internal business practices (IBM, 2024). Over the past decade, ESG considerations have influenced trillions in assets – driving the…

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…