On October 1 at 12:01 p.m., the U.S. federal government shut down, hours after the Senate failed to reach an agreement on the 12 appropriations bills for its upcoming fiscal year. In the days leading up to the standstill, tensions rose between the Republican and Democratic parties in Congress, neither of whom wanted to give […]
Tag: economics
There’s No Room for Business in Love
In the early 2000s, a new word started popping up to describe the ever-changing dating scene — situationship. Officially added to the Merriam-Webster Dictionary in September 2023, it has since become a staple for how Gen Z describes their love lives. For those unfamiliar with the term, it’s defined as “a romantic relationship whose members […]
Milei and MAGA: A Love Story
If the pragmatic James Carville gave us the slogan “It’s the economy, stupid,” we now have an ideologue’s response. Javier Milei, the self-described “anarcho-capitalist” President of Argentina, won the 2023 presidential election off the back of his rallying cry “Long live freedom, Goddamnit!” Just last month, Milei’s slogan, glistening and italicized, found itself engraved on […]
In a World With GoodRx & Cost Plus Drugs, Why Prescription Drug Prices Still Suck
Prescription drug prices are one of the biggest financial burdens for Americans and a major point of political contention. The soaring prices of lifesaving medications force many Americans to ration supply, skip dosages, switch to less effective alternatives, or stop their treatment entirely. Although companies like GoodRx, Cost Plus Drugs, Amazon Pharmacy, and others provide […]
Nigeria: How Resource Wealth Trapped a Nation in Neo-Feudalism
In the heart of Lagos, a crowd gathers—voices raised in unison, banners waving with the words ‘End Bad Governance.’ It’s 2024, and Nigerians have had enough. Economic hardship, soaring inflation, and corrupt leadership have driven thousands to the streets. They are protesting against a system where oil wealth trickles up, but never down. Nigeria boasts […]
The Modern-Day Pirates of the Middle East
In the rugged terrain of Yemen, where political lines blur and allegiances shift, the rise of the Houthi rebels marks a pivotal chapter in the nation’s turbulent history. The Red Sea, a critical piece in commerce and exchange, has become home to the Houthi rebels, a group causing chaos and disrupting geopolitics in the Middle […]
Private Markets Aren’t the Problem in Healthcare. It’s Patents.
The issue that destroys the most lives is an instrument intended to save lives. The United States widely implements patent protections for medical technology, but its use internationally leaves the most vulnerable populations at risk. This political tool damages developing economies and deprives millions of essential healthcare. Medical patents are licenses that grant pharmaceutical companies […]
How The Federal Reserve Quietly Worsens Inequality
The Federal Reserve is one of those institutions that everyone has heard of but no one really cares to talk about. Sure, you’ll have the odd conversation with your friend about rising interest rates and how that means something, probably, but are you really passionate about it? Do you get the same rush to open […]
Panda-Monium: The Love Story of Pandas and Washington
In 1972, two ambassadors left China for the U.S. They did not speak a word of English or Mandarin. In fact, they could hardly walk on two feet. These were not people, but pandas, China’s national animal. Since arriving in America, they have become an enduring symbol of the goodwill and cooperation between China and […]
America’s Potential Subsidy Race with Europe
“It should be a race against time, not a race against each other. It should be a race to the top, not a race to the bottom.” These were the words uttered by European Commission President Ursula von der Leyen in response to the American Inflation Reduction Act (IRA). While maintaining diplomatic poise, the E.U. […]