Turkey should be a country with a strongly developing economy. However, the recent Turkish lira crisis indicates the opposite. This article will explore some of the contributing factors behind the lira’s sudden depreciation and the possible effects of the crisis on Erdoğan’s Turkey.Continue Reading
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.Continue Reading
On February 17th 2020, the richest man alive announced that he will donate about 8% of his fortune to fighting climate change. Jeff Bezos, the founder and one of the current shareholders of Amazon, made this announcement through his Instagram account saying that he will donate 10 billion USD to fund “scientists, activists, NGOs — any effort that offers a real possibility to help preserve and protect the natural world.” After seeing that post, many people had the same question in their mind: Where exactly will this money go?Continue Reading