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Alongside decreased energy costs, the Ethereum network had several incentives to execute the Merge. One is the introduction of new validators. In the old proof of work system, miners were using natural resources to convert energy into crypto; in proof of stake, prospective validators can use financial resources to produce these securities. Continue Reading

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A degree from a vocational school also translated to a high chance of getting a stable job in a factory that provided several benefits and services, such as cash transfers, free food, and free housing. However, unsustainably good working conditions in factories didn’t last long because of efficiency issues within state-owned enterprises; eventually, the wave of privatization in the 1990s ultimately led to the mass closure of state-owned factories and consequently closed many job opportunities for vocational school graduates.Continue Reading

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With the FIFA World Cup Qatar 2022TM just around the corner, the quadrennial questions are, once again, swirling around the event and its economic practicality in a developing country that had to spend billions of dollars to construct the required, large-capacity stadiums and corresponding necessities. Will the broadcasting profits and tourism and publicity boosts ultimately result in economic profitability for the country, or will Qatar never overcome its initial construction and bribery costs?Continue Reading

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It seems that even in a bearish economy, there is still more money chasing innovation driven by limited, bright minds. Perhaps that might not come as a surprise. There are hundreds of different parts of aging that need to be better understood, and every few weeks, a discovery revolutionizes various fields of research and methodologies.Continue Reading

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Despite the political backlash and uncertainty for the macroeconomy brought upon by their plan, the Biden Administration remains steadfast in its argument that it is a vital step for Americans in the ultimate goal of solving the student debt crisis. Moreover, they believe it to be an efficient and sustainable solution — they maintain that because of the high default rates for student loans, the actual cost of the debt forgiveness plan will be lower than the theoretical expectation; however, the specifics of that value have proven to be difficult to calculate. Continue Reading

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A “small” industrial city in China became known on the internet due to its extremely affordable housing prices. While the development paths of former resource cities remain uncertain, Jessica Yu argues that the experiences of the city of Hegang will likely serve as a defining example of how China’s industrial cities can revive through “alternative” development paths.Continue Reading