With increasing news of a covid Vaccine the Global economic outlook looks positive. With Pfizer and Moderna claiming 94% effectiveness and Russia also claiming a vaccine with 95% effectiveness. There are now a few questions we need to ask ourselves. Who will get them first? Are there any side effects? WHo will get the Vaccine first? Now onto my point. As with a vaccine coming closer and closer the global economy should pick back up especially if these vaccines actually have 95% effectiveness. Wi
The Yahoo finance article, “Inflation May Be About to Pick Up Sharply,” the author discusses inflation during the time of the COVID-19 global pandemic. As things start to open up again, there is a concern that inflation will start to pick up over the next few months. As discussed in the article, it is hard to predict inflation, as it can spike suddenly, but data shows that prices are starting to rise. Although, it is not solely due to the reopening of the country. As stated in the article, impor
This is an article about the US national debt and how COVID effected it. It gives a slight background to the debt and how it has played a role in the federal budget since Nixon was in the office. It also shows that only 4 out of 48 years the budget has been in surplus (8%). It then goes into how the debt has risen over each of the presidential terms and gives great visual representations of how the debt has been increasing exponentially with almost every president.
Another big part of the article
This article is about how a contested election is affecting the economy. The economy at the moment is being looked at that the recovery being made is a "K shaped recovery". This means that the upper class is doing better off than those at the bottom who continue to struggle. It is believed by some that the senate control is at least as important as the White House. Under a narrow Republican Senate majority, we would expect no major tax increases but also a fiscal stimulus package of less than $1
While the Democratic and Republican parties have routinely disagreed on economic policy throughout history, it has been customary for presidents to leave their successor with solid footing to promote economic change. This has been seen in every transition of power over the past 30 years, excluding the winning of consecutive terms by a single president, no party has held office over two consecutive presidencies. This does not seem to be the case with the upcoming transition of power between Presi
Joe Biden was believed to be the president-elect after winning Georgia, 2 weeks later current President Donald Trump still refuses to concede the election. Without a smooth transition of power between presidents, the country will likely suffer greatly. With a disagreement in leadership, a relief stimulus will be virtually impossible to pass. Due to COVID-19, many families currently cannot return to traditional workspaces due to health risks. The first stimulus ended months ago and some citizens
With the passing of the United States election, besides waiting to see who will become the next president many people are looking to see what the future of the United States economy will be. One of the main reasons that many, if not all foreign nations look and focus their attention to the United States during our election season is because of foreign trade agreements and our stock market. Depending on how an election goes, the next president usually passes trade agreements with other foreign na
The article I chose is about what airlines are doing about their on-board food sales. A company, called Imperfect Foods, from Austin Texas, is helping people who miss travel so much delivering airplane food right to your doorstep. They service all 50 states ( and hope to go globally soon) and are targeting to rid food waste by distributing airline food th
This article was from Bloomberg Businessweek and was published on 11/13/2020. It speaks to the future challenges climate change can pose to the global economy and the danger of delaying significant reduction of carbon emissions.
One difficulty regarding managing in a global economy is balancing short term success with long term success and global implications of decisions made in the short term. While most countries in the world would agree that environmental sustainability is crucial and needs t
In this article, it is explained what President-elect Joe Biden plans to include in his coronavirus stimulus bill. This plan is put in place with the intention to conquer the coronavirus and recover economically. In recent news, one may have noticed the recent spikes of Covid-19 cases. Over the past week there has been an average of more than 100,000 new cases per day. This shows the importance and significance of it being time for a new plan of action.
Within this new plan of action, Biden plans
This article discusses how China's exports have been up 11% since last October. and their surplus with both the U.S. and rest of world is continuing to increase as well. It states that they have beat their expectation for the seventh month straight. They have continued to export medical equipment and PPE to other countries throughout the pandemic. This article leads me to a lot of different ques
The article I chose to discuss ic called "The second wave's economic challenge" from The Hill, published on September 23, 2020 by Desmond Lachman. It discusses how the impact the economy could face if there is a 2nd wave of covid which we now know is currently happening across the world.
Upon reading this article, it's clear that economies across the world simply can't afford a second lockdown, especially with countries (some more than others) still dealing with issues from the first lock
This article is about the impact of USA election on India and what predictions have been made if Joe Biden is elected as the USA president.
When he was a Vice President in the Barack Obama’s administration, he wanted to build a good relation with india and he wanted to work with both Democrats and Republicans to approve the nuclear deal in the US Congress in 2008. With his support India was n
The democratic party has been already in the favor of stimulus payment. Mr. President has already highlighted the support of women during the COVID-19 crisis. Mark Haefele, chief investment officer at UBS Global Wealth Management, said that the stimulus payments will be controversial as the Democrats are controlling the White House and the opposition (Republicans) the Senate. HEROS Act was introduced in April month, to support small business and market traders. It is to provide funding to the ci
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