Will the American Rescue Plan Actually Help the Economy?
Beyond individual lives, what will be the true economic impact of the American Rescue Plan? To answer this, we need to look at what makes a fiscal stimulus effective, the effectiveness of The Coronavirus Aid, Relief, and Economic Security Act (CARES) from May 2020, and what are the differences between that package and the current one.
Disproportionate Damage: How Has the Pandemic Negatively Affected Unemployment for POC?
According to the Center on Budget and Policy Priorities, “the impacts of the pandemic and the economic fallout have been widespread, but are particularly prevalent among Black, Latino, Indigenous, and immigrant households.”
Can the COVID-19 Vaccine Heal the Post-Pandemic Economy?
The vaccine provides hope for many to return to work or to seek new employment opportunities. The rollout of the vaccine -- including the production, transportation, and administration -- created over 50,000 new job opportunities alone (Miranda 2021). Further, over 916,000 new jobs were created in March 2021, which is the largest amount since August 2020 (Casselman 2021).
The Case for Inflation
Colloquially, inflation is generally ignored and misunderstood as a topic for stuffy economists. As consumers, we rarely notice the couple-cent increase in the price of our groceries, but this time we might.
The Deep Wound of U.S. Healthcare
A 70-year-old Seattle man emerged from the hospital to cheers last month after 62 days of fighting COVID-19 on his way to getting a clean bill of health. Then he received a 181-page bill for $1,122,501.04 for his stay.
China’s Latest Move in Healthcare
In the face of multiple pressures on its economic growth, including the global recession, China would be able to enlarge its market size by releasing the inertia of its accumulated wealth. To achieve this, it would be vital to lower the cost of the healthcare system so people would feel less worried about saving money for medication.
The Bubble that Will Not Burst: The Ins and Outs of the Chinese Real Estate Bubble
In essence, urban Chinese have bet everything on their homes. They now have nearly 78% of their wealth tied up in residential property, versus 35% in the U.S., where more people invest in stocks and pensions.
SPAC ATTACK
Out of the 450 IPOs (Initial Public Offerings) that occurred across all US markets in 2020, 55% were Special Purpose Acquisition Company or “SPAC” IPOs. In 2021, the SPAC craze has reached new heights, with SPACs accounting for 78% of all IPOs (SPAC Analytics n.d.).
How Stock Influencers Are Revolutionizing Individual Investing
Gone are the days of Warren Buffet, Bill Miller, and Peter Lynch, who encouraged young investors to stay up to date on shareholder letters and read educational investing books. Today, “Wall Street gurus,” like Dave Portnoy, have little to no financial reasoning behind their irrational investments and instead rely on their humorous efforts to capture the hearts and minds of young investors.
The Travel Industry’s Road to Recovery
For my part, I travel not to go anywhere, but to go. I travel for travel’s sake. The great affair is to move.
OOPS! Can We Get That $900 Million Back?
In August 2020, Citigroup accidentally wired $900 million to the lenders of the cosmetic brand Revlon Inc. while trying to transfer a $7.8 million interest payment that was owed on a 2016 loan.
Why I’m Worried About The Gig Economy & Why You Should Be Too
It is inhumane to only pay employees for the time they are actively interfacing with customers or completing tasks, only compensating them for a portion of the total time they are mandated to be ostensibly ‘at work’.
COVID-19: The Great Equalizer
A rise in unemployment, a decline in women’s economic success, and an uncertain future will only further contribute to a tense political atmosphere.
The State of Wesleyan’s Endowment
Do you support the implementation of a divestment plan from fossil fuels by the Wesleyan endowment?
Yes (93.75%) No (6.25%)
What do you think is a reasonable timeline for divestment from fossil fuels by Wesleyan’s endowment?
2-10 years (83.63%) 10+ years or no opinion (16.37%)
Out With The Old, in With The ReNEWable
By moving away from the well-known “oil industry,” and reinventing operations, companies such as Shell, BP, and others have been able to both improve their public image and create new revenue streams from the rising renewable energy industry.
ESGs for the Economy & the Environment
How can environmental change be implemented in the cutthroat, greed-filled, and, in many ways, anti-environmental society that we are living in?
Minimalism: The Key to Environmental Turnaround
In the 1930’s a German research group by the name of Frankfurt School found that unhappy workers turned to stores to spend away their sadness.
California’s Water Market
Back in September when California was being ravaged by wildfires, CME group, the world’s largest financial derivatives exchange, announced that futures contracts for water would be available for trading starting December 7th, 2020.