If you think that Western imperialist powers have actually relinquished control over their former African colonies, think again. Even after many Western nations supposedly granted their colonies independence in the mid-20th century, they still continue to exploit the vast mineral and natural wealth of Africa and exert de facto influence over the continent’s financial systems.
Despite the sheer stress and anxiety that the college application process induces, society has embraced it as the norm. This does not benefit anyone–or does it? Hundreds of corporations and other organizations have learned to capitalize on this stressful process, making millions of dollars in profit and transforming college applications into a booming industry.
Transferring currency across international borders is often met with various hurdles, especially for those in emerging markets. In this article, investing columnist Aditi Somayajula explains some of these challenges, as well as how fintech companies are attempting to streamline different aspects of cross-border payments.
The NIL (name, image, and likeness) rules of 2021 now offer college athletes a way to support themselves by getting paid for the use of their name, image, and likeness while staying in school and not choosing the route of professional sports. The NIL has transformed and will continue to transform how fringe NBA draft prospects view the draft and make decisions about their future. There will be ramifications for athletes, college sports programs, the NBA draft, and wealthy individuals who choose to fund NIL deals to support their favorite college team.
Last year, investor sentiment suggested that South Korean e-commerce giant Coupang would come to parallel the success of Amazon or the Alibaba Group. But since then, optimism has fallen. In this article, Investing Columnist Aditi Somayajula explains how, in the absence of a sustainable profitability model, Coupang might fare in the long term.
When consumer behavior and sentiment dictate how the economy will turn out, it’s no surprise that the sales trends of certain goods on the market can predict economic health. Everything from the height of women’s skirts to the price of Big Mac burgers says something about people’s finances. Community Columnist Felicia Mo explores two unconventional economic indicators – lipstick and men’s underwear – that economists use to signal and prepare for incoming recessions.