Tags: Economy

The USA’s Debt Default Danger

With the impending possibility of the United States breaching its debt ceiling, the “indisputable” stability of its financial and fiscal institutions is once again questioned.

First Silicon Valley, Now Credit Suisse: A Chain of Bank Collapses

Based on these bank collapses, coupled with all other major economic events, it is easy to say that the financial world is currently staring at an unstable future.

OPEC+ fires its last cartridges

Ultimately, OPEC is firing its last bullets before oil takes its downward spiral. Yet, they will be expensive bullets and not without consequences.

Rice: Climate Change’s Victim & Perpetrator

As another rice shortage creeps up on the world, agricultural and political innovation is needed to mitigate the social and environmental harm rice induces. 

IMF Approves $3 Billion Loan to Sri Lanka

On March 20, Sri Lanka obtained a $3 billion loan from the International Monetary Fund (IMF). The reason behind this loan is that the country is currently grappling with its most severe financial crisis since gaining independence from Britain in 1948.

The Future of the US Dollar

Nations have recently begun the process of turning away from the US dollar, leaning towards utilizing more of their own currency, while others lean towards the creation of a new collaborative one.

The Willow Project: A Ticking ‘Carbon Bomb’

The Biden Administration recently approved an oil-drilling project in Alaska’s National Petroleum Reserve, putting in danger polar bear populations and creating enormous greenhouse gas emissions.

Silicon Valley Bank: What Could Happen?

Market traders must have rolled their eyes the night of the 9th of March as they noticed a stock tumble, losing 60% in hours and dragging the benchmark US banking sector index down by eight percentage points. What had happened?

Can Meritocracy Ever Be Fair?

In a perfectly meritocratic state, each role would be filled by the person most qualified to fill it regardless of factors such as social background, gender, or race. On the surface, this system seems ideal. However, there has been some backlash to the idea of evaluating people based on talent or accomplishments in recent years.

The Landmark Trade Deal in Northern Ireland

On February 27, United Kingdom (UK) Prime Minister Rishi Sunak met with President of the European Commission Ursula von der Leyen in Windsor. The long-awaited discussions over Brexit’s Northern Ireland Protocol began a “new chapter” in UK-EU relationships according to Prime Minister Sunak.

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Still at War? Russia and Japan’s Lingering Conflict

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The Response of the European Union to Trump’s Tariffs

From the start of President Trump’s “Liberation Day” and the subsequent tariff imposition on the European Union (EU), Europe has faced multiple rounds of...