All Posts (1225)

"One of the hallmarks of the Foreign Corrupt Practices Act has been that it cannot be used against a foreign official who demands or takes a bribe for helping a company win a contract or retain business.

A bill introduced in Congress this month seeks to change that. Called the Foreign Extortion Prevention Act, the legislation would expand the prohibition on bribery to foreign officials who demanded or solicited bribes.

The Foreign Corrupt Practices Act’s prohibition on paying bribes abroad is limi

Read more…

A new piece of protectionism legislation aimed to take effect on July 1st of this year will now require that all computers and mobile devices sold in Russia will need to have pre-installed Russian software. This would require foreign companies to now pre-install a web browser developed by Yandex alongisde other applications. What this would mean is increaed costs for licensing fees and technological developments at the companies' expense. This new piece of legislation will affect companies such

Read more…

A comparison between USA and Sweden of the Financial crisis 2008 

It was the 15th of September 2008 and the influential investment bank, Lehman Brothers went bankrupt. This was the beginning of the worst financial crisis since the great depression in 1929. This was the beginning of a crisis that led to a drastic increase in unemployment.

In 2006 the unemployment rate was at 4.7 percent according to the Bureau of Labor Statistics (BLS) and in 2009 it was at above 10 percent. In 2011 it was still at

Read more…

Trade War

In this particular article I've read, it discussed the trade war between China and the U.S up until this point. Many people are uneducated on the matter of what is happening so the article aims to answer questions that are key to understanding the situation as whole. It states that the reason we are engaged in this trade war is mainly due to tariffs. Trump believes that imports from China are hurting the U.S economy in the long run. In order to combat the situation he has decided to increase the
Read more…

The Trump administration said late Monday it is thinking about imposing tariffs up to a hundred percent on around $2.4 billion of French items in retaliation for France's new tax on digital services. In a statement, the U.S. Trade Representative's workplace stated the French law "discriminates towards U.S. companies" along with Alphabet's GOOGL, -0.01% Google, Apple Inc. AAPL, -0.32% , Facebook Inc. FB, -0.23% , and Amazon.com Inc. AMZN, -0.20% . "The USTR is centered on countering the growing p

Read more…

Saudi Aramco IPO

 According to people familiar with the matter, Saudi Arabia plans to valuate between $1.6 trillion and $1.8 trillion. Bank analysts working on the transaction gave wildly divergent estimates: Goldman Sachs Group Inc. said Aramco was worth between $1.6 trillion and $2.3 trillion to investors. Bank of America, another top bank on the offer, had only $1.2 trillion at the bottom of its scope. BNP's projection was $1.42 trillion. Despite Aramco hiring more than 20 banks at its IPO, investors have few

Read more…

One of the Federal Reserve’s main jobs is to monitor and stimulate the economy of the US, to do so, the fed is using many tools, and these tools are forming the monetary policy, here are some of these tools.

1. Required reserve ratio:

This is the amount of deposit that banks has to keep with the fed. The fed is changing this amount corresponding the economy state. The fed is rarely changing this amount since it usually results in high cost incurred by the banks. Decreasing this amount would result

Read more…

U.S. and China Trade War Affecting Global Economy

Is the trade war that has been going on in the past couple year between the United States and China affecting the global economy?

      Over the previous year, the world's two biggest economies have forced duties on billions of dollars worth of each other's goods. United States President Donald Trump has since quite a while ago blamed China for out of line exchanging practices and licensed innovation theft. In China, there is a recognition that the US is attempting to check its ascent. After exch

Read more…

Black Friday vs. Small Business Saturday

As the holiday season is upon us, and the largest shopping day known as Black Friday was yesterday, I want to dig in on how the largest shopping day effects our economy and why shoppers should take note to shop on small business Saturday. Looking at Thanksgiving night and Black Friday, where big named stores are attracting people trying to get the best deals, its easy to understand how the $7.4 billion spent on purchases online alone will have an effect on the economy (cnbc). This almost record

Read more…

            According to an article by the Guardian, the first EU “climate law” tries to achieve a net-zero carbon by 2050. This would, in turn, half the greenhouse gas emissions in Europe by 2030. The incoming European Commission plans to discuss a new set of proposals related to this issue.

            How would this affect the global market? For starters, the article explains that cars will be subjected to new air pollution standards. This comes as a result of the cheating that allowed diesel

Read more…

 

As many may or may not know, the US is the only developed nation in the entire world that does not have federal legislation for paid parental leave nor does it offer any type of financial family assistance to new parents or new borns. The US offers only twelve weeks of unpaid leave but WITH job security, and that's it. Meanwhile, other developed nations like France provides family allowances every month to help children until they're 20 years-old. Finland provides maternity care packages and pu

Read more…

Countries Should Strengthen Pension Systems to Adapt to Changing World of Work



With the world and its technology developing at such a fast pace , the whole way of life is changing. Certain human jobs are being replaced by machines and people are forced to find new and creative ways to make money.We cannot expect that things are always going to remain the same when the world is rapidly developing. We, as a people, and the governments, need to be open-minded to change in order to be able to adjust

Read more…

United States GSP which stands for Generalized System of Preference offers poor countries tariff free export into the U.S. markets as a system to support them and help them in economic development. India being one of the developing countries was benefiting from this system. Due to this system nearly $7 Billion worth Indian products have been waived of U.S. tariffs in 2018. India has not provided the United States with equitable and reasonable access to its market. This was made use by the United

Read more…

The U.S and its fastest-growing debt

It seems as though more and more people have been taking out  personal loans and according to Experian, personal loans are growing at 11% annually faster than student loan or credit card debt. Personal loans now exceed $300 billion as of this year mostly because personal loans can help consolidate credit card debt or make funds available for for major projects. Compared to credit cards, personal loan interest rates can vary much more. This wider range of interest rates allows borrowers with good

Read more…

https://www.forbes.com/sites/forbesproductgroup/2018/01/11/the-ripple-effect-of-cryptocurrencies/#25c529426080

 

Cryptocurrency was introduced on a small scale in 2009 in the form of Bitcoin. Since only those close to the project where able to participate, the new currency was not readily available or made aware of. Due to increased media attention, the future of transferring value has increasingly gained attention on both the local and global scale. While this appears to be another step in the ev

Read more…

Social Security Changes to Come

One thing that a lot of people in the country look forward to after working for all their lives is retirement and once they hit retirement, they have expectations to receive certain help from the government. One of those expectations is to receive social security. We pay into it on every paycheck from the day we start working until the day when we finally retire. “As of June 2018, about 175 million people worked and paid Social Security taxes and about 62 million people received monthly Social S

Read more…

First off, the Libra is not actually Facebooks version of cryptocurrency. It was created by the Libra Association of which Facebook co-founded.  According to Mark Zuckerberg who was speaking in front of the Congress stated that the Libra “would help the world's unbanked enter the financial system. And the US needed to lead in cryptocurrencies”.  My question to that statement would be, if someone has access to a computer, smartphone or other network capable device, from which they could obtain cr

Read more…

Global Economic Platform Based on Blockchain Technology

 

Currently in the business world, cryptocurrencies are the foundation for the anonymous and cross-border transactions.  As the world evolves more into digital, technological era with sophisticated systems, cryptocurrencies will be the future of world trading.   During this time, there is no organization that can participate in the process of cryptocurrency trading.  Apparently, the trading volume of the cryptocurrency market is currently at

Read more…

Trump signs Hong Kong Democracy law

 This week US President Donald Trump signed legislation that indirectly supports protesters in Hong Kong. The bill was passed by an overwhelming majority in both houses of Congress last week, and Trump had until next week to either sign or veto the proposal. If Trump had not taken action by December 3, the bill would have been passed automatically.

There has been some uncertainty about what Trump would do, as he assured Chinese President Xi Jinping earlier this year that the United States would t

Read more…

Saudi Aramco IPO

As Saudi Aramco looks to sell 5% of its company's shares, questions rise about the operations of the company and what that will mean for investors. The world's largest oil producer, controlling 15% of the world's oil reserves according to the Wall Street Journal, was nationalized in the 1970's and has since disclosed all financials from public view. April of 2019, Aramco decided to release their financial status to the public, showing it is more profitable than Apple, Exxon Mobil, and many other

Read more…