The film Nomadland reveals very real problems concerning how policymakers and corporations exploit seasonal workers, specifically elderly gig economy employees. Although temporary employment may be attractive for companies such as Amazon, policy that targets a reduction in elderly poverty would help prevent aging Americans from converting to a tumultuous nomadic lifestyle, where they face low salaries and poor treatment.
On October 2, 2020 India and South Africa proposed a temporary waiver on coronavirus vaccine patent rights in a meeting of the World Trade Organization. With over 100 co-signatories (mostly developing countries), the so-called “TRIPS Vaccine Waiver” has raised questions about intellectual property and access ethics during a pandemic.
Biden’s climate plan was one of the most highly anticipated of his campaign promises due to its $2 Trillion investment in combating climate change. This article will detail the basics of the plan, its effect on US GDP and investments, and analysis by policy experts.
The Citizens United Ruling fuels income inequality and stagnating wages in America because corporations have more influence in politics than voters. When corporations have more power, they focus on profit maximization and returns to investors, silencing the voices of the people in need of higher wages. To create a positive change for the middle and lower classes of America, the Citizens United Ruling could be removed, but there would need to be more changes to quickly support those facing financial distress. Discover a new rule that could foster an economic system where not only the elite enjoy the prosperity of America’s large, growing economy.
Who exactly owns airports and how do they function? We examine the complex business models of airports and discuss the trend of airport privatization – in particular, the causes of privatization and whether it is a better form of ownership.
While the COVID-19 pandemic has posed difficulties globally, menstruators and young girls in sub-Saharan Africa have been hit particularly hard by the pandemic due to period poverty. Sub-Saharan Africa’s financial struggles during the pandemic, which have exacerbated period poverty, is a threat to women’s healthcare, mental well-being, gender equity, and autonomy.
As with most financial market crazes, the fear of missing out motivates buying and selling en masse. The market’s current fantasy with special-purpose acquisition companies (SPACs), a financial instrument mired in a suspicious past, may just be another instance of this phenomenon. SPACs are different from your average market craze, however, because they offer a unique opportunity to take advantage of previously restricted returns.
The pandemic has disproportionately affected LIDCs across the globe; with LIDCs lacking access to financial capital, they face domestic economic decline and forecast increased levels of poverty. As LIDCs struggle with limited financial capital, can financial markets play a role in helping LIDCs during the pandemic?
It looks like the United States just became a third wheel. Recent economic data from the E.U.’s statistical office shows that China is now the European Union’s biggest trading partner of goods, knocking the U.S. from its prime spot. While the European Union has been China’s biggest importer for some time, the relationship only became mutual during the pandemic, likely due to the increase in demand for Chinese medical products in the E.U. In turn, demand for European goods in China also grew.
The U.S. dollar finds itself as the currency of the global economy. In extreme circumstances, many countries even replace their own sovereign currencies for the dollar, in hopes of bringing much-needed economic stability. The dollar’s dominance, however, is not uncontested and its use is not without drawbacks.