Economist

not unions are beneficial and relevant in today’s working world. An article from the Union Plus website argues that unions serve an identical purpose today as they did in previous centuries. It is insisted that employers are beginning to shirk responsibilities such as providing livable wages, health care, pension plans, etc. “More than ever,” the article contends, “working people need the collective voice and bargaining power unions provide to keep employers from making the workplace look as it…

various developing regions in the world. The focus is on possible poverty traps on both a micro and macro level, and different forms of aid that have been used. Kraay and McKenzie (2014) reviewed several different studies already completed by other economists in order to interpret whether aid actually helped move people out of the poverty trap in review. The traps reviewed are savings traps, “big push” theories, hunger-based (nutritional), behavioral, and…

the Zetas, a paramilitary wing of the Gulf cartel (the Sinaloa gang's main rivals), recently hung up banners in several border towns inviting current and former soldiers to join them. The Zetas themselves were originally formed by army deserters(Economist).” These soldiers have given up so bad that they’ve joined and even created their own cartels, they were left vulnerable and in danger due to the power of these cartels. But that’s why these countries need the help of the U.S. They have been…

being one of the rich guys kept them going even when the likelihood of death was very high. Many of these lower level gang members did not know any other way of life and felt that they were doing what they needed to do to support their families. The economist argued that these drug gangs ran their operations in a similar fashion to McDonald’s where the executive and managers made a lot of money and the low level employees made not much…

campaign cycle. Trump's victory left Wall Street almost giddy as investors responded to his campaign promises of tax cuts, financial deregulation and spending on infrastructure. However, a prominent economist is now claiming that Trump's economic policies could crash the markets. Respected Economist Fears Trump's Economic Plans Could Destroy the Markets Nouriel Roubini is a professor at the Stern School of Business at New York University. Roubini has worked for the World Bank, the U.S. Federal…

19th century it was spread across the globe. Changes in the communication, technological and transportation changed the way of conducting international trade and the process. From the ancient time to the present, governments, intellectuals, and economists have considered about the determinants of the international trade. . They tried to find whether trade bring benefits or harms to the nation and tried to determine what trade policy is best for any particular country. In the ancient time Greek…

For years Economists dealt with the ideal market structure for the most efficient Research and Development environments. By examining the Nokia-Alcatel Lucent merger, I believe that we may see a pattern on R&D expenses and innovation incentives that come with consolidation…

supported in the article, the workers’ average income is at a constantly elevating rate, but Porter claims this aspect as well as the “new age of tight labor markets” (Porter) don’t help with the labor force, but can be seen as a disadvantage. Chief economist at Moody’s Analytics mentions, “our problem going forward is not going to be unemployment” (Porter) and continues to analyze that the reason for labor force shortage is due to decreasing working individuals. Through other factors such as…

The Greatest Helper in Hide and Seek: Miep Gies Personal Life Miep Gies (her real name was Hermine Santruschitz) was born in February 15, 1909. She was the second daughter of working class parents. In her early age, she caught many illnesses, and had to flee her homeland Vienna, Austria, and lived with the Nieuwenbergs in the Netherlands. Miep was only due for 3 months in Netherlands, but she loved her new family so much, she stayed with them permanently. She returned to Vienna at 16 to…

Economists and many other scholars give many reasons--like greed from banks, unverified income, and simple carelessness--for the crash in the housing market that contributed to the Great Recession. Like the 2015 film, The Big Short, my goal is to focus on the housing market from the bank and buyers side to illuminate how the economy got so bad. In such a complex subject, I will provide you with the basics that you must understand. When someone applies for a loan, their financials, which include…