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.
As economies across the world have come crashing down due to the coronavirus, Indian consumers are suffering from suppressed wages, mass lay-offs, and reduced economic activity. Yet, while the entire country’s economy has been turned upside down, one sector of the market has silently exploded: Instant loan suppliers, lending money to Indian workers who desperately need the funds to pay off critical bills. These lenders, however, charge gigantic interest rates which enable them to profit off of the backs of economically insecure workers.
What’s the greenest drive to work—especially if it’s relatively close by? With an evolving electric car economy, substituting your conventional car for an electric car and driving it daily for as long as possible (especially with a low-carbon intensive grid mix) seems the way to go. But what is the true impact of this?
Millions of Americans lost their jobs due to the COVID-19 pandemic, but one key demographic may remain home even after the quarantine ends: women. Since the start of the pandemic, women have been leaving at a rate 4 times greater than their male counterparts. According to the U.S Bureau of Labor Statistics, 617,000 women left the workforce in September 2020, compared to 78,000 men. This great disparity isn’t just a consequence of gender inequality in the workplace. It’s a result of the forced division of labor between men and women in nuclear families, pressuring women with children and other family obligations to prioritize the needs of others over their own professional fulfillment.
What is happening in Belarus and what could a new Belarusian economy look like? We take a look at the current state of Belarus and examine some of the possible changes that could be implemented in a Post-Lukashenko economy to promote economic growth and prosperity.
The COVID-19 pandemic has resulted in many changes in the daily lives of people from all around the world. Video streaming on social media platforms has shown people rushing into grocery stores and stocking up on canned food and toilet paper. Colleges have abruptly transferred to online education via Zoom and other video conferencing tools. About 16 million Americans have lost their jobs since the start of lockdowns across the country. Small businesses and local stores still struggle to keep their businesses afloat.
Despite recent metrics around the globe showing severe production declines as a result of coronavirus, Chinese GDP growth continues to be one of the fastest among developed and developing nations. That’s not a new story. While the rest of the world experienced recessions and layoffs, China blew through the 2008-2012 years, reaching an all-time productivity growth peak of 11 percent in 2011. By all official accounts, China is on track to surpass aggregate U.S. output and take the mantle of economic hegemony within the next several decades.
HOOQ, a premium video-on-demand streaming service, is a joint venture between Warner Media, Sony and Singtel (Asia’s leading communications group). Sony and Warner Media provide a library and develop customized content while Singtel provides captive access to its mobile subscriber base in the Philippines, Thailand and Indonesia. The challenge HOOQ faced was much of their subscriber base would view content on mobile devices, which under current networks can take hours to download or have high latency,