Blog

All Posts (792)

Thesis Defense

They did it!!! 7 of our econ major students have defended their undergraduate Senior Thesis today. We are proud of them! Good luck on your new chapter of your lives. Go #chargers.

Read more…

The Economics of Bourbon


 

Recently I had the opportunity to visit some of the Bourbon distilleries in Kentucky along the world famous “Bourbon Trail”.


Bourbon is one of the few legally protected products made in America (akin to Champagne and Parmesan). In order to qualify as Bourbon, the spirit must be 1) Produced in the USA (but not necessarily in…

Read more…

US tariff proposal on NAFTA

United States is considering putting tariff on NAFTA during its negotiation unless it boosts U.S. manufacturing and employment, arguing the 1994 accord has caused the migration of jobs and factories southward to lower-cost Mexico. United States plan to impose 25% tariff on steel imports and 10% tariff on aluminum will not only hit the southern neighbor but will also effect the overwhelming population inside the United states. First of all we need to understand what NAFTA is and why tariff…

Read more…

Fees on Expat in Saudi Arabia

Regulatory problem

In Saudi Arabia, there are about 12 million foreign employees who occupy about 42% of the job market [1]. This has increased the unemployment rate to about 13% in 2018 [2].  Therefore, the Saudi government applied new fees to companies that have foreign employees. The regulation state that companies must pay a fee of 80$ monthly for every foreign employee in case that the number of foreign employees is equal to the number Saudi employees, while the…

Read more…

Macron is in town...

For his first official state visit, President Trump welcomes Emmanuel Macron, the French president, from Monday to Wednesday, April 23-25. After a private visit of Mount Vernon on Monday, meetings and a ceremony at the Arlington National Cemetery on Tuesday, Macron is to address a joint session of Congress on Wednesday (1).

 Macron and Trump entertains an interesting relationship, that the New Yorker qualifies as “bromance”(2). They could not be more opposed in how they see the world:…

Read more…

Pork-Soybean-Nuts-TARIFFS !!!

Have we learnt any lesson from history? Probably not!

We are human and we are entitled to make the same mistakes!

Like Albert Einstein said once "Insanity is doing the same thing over and over again and expecting different results.I can personally relate with that, too.

But now, my concern is more about Economics in this blog. The below podcast gives you the…

Read more…

Technology changes people's life, and also determines how we are living today. There are millions of people are showing themselves on social media everyday by posting various of photos and videos, which are so pretty and impressive, you could use almost every words of praise to describe, except the truth. Since they cannot live without beautify softwares. Someone even joked that she didn’t worry about the the individual privacy leaked on facebook because she…

Read more…

China's President Xi Jinping said on Tuesday that they would consider significantly lowering the tarrifs on China's vehicle imports in efforts to opening up their giant economy to the world. This news is coming after threats by U.S. president Trump after threatening to impose tarrifs on $150 billion of chinese goods. President Xi states this moves as a "new phase of opening up", the chinese government had already promised in November to "gradually and…

Read more…

Zuckerberg goes to Capitol Hill

Apple’s co-founder Steve Wozniak is so disgusted by how Facebook handles its member’s personal information, that he deactivated his account. Cambridge Analytica is a London based firm that was tied to President Trump’s campaign gained access to information from 87 million Facebook users without them knowing. Steve Wozniak claims that Apple protects its users and does not make a profit from their customers information like Facebook did.  “It turned into money, but none is returned to you for…

Read more…

President Trump and Kim Jong-un, North Korea's leader, have agreed to meet in May or early June. Last month, President Trump suddenly accepted an invitation to meet with Kim Jong-un after South Korean officials sent the message that the solitary leader was willing to discuss abandoning his nuclear weapons program. It has been said that American officials have received similar reassurances directly from senior North Korean counterparts.

During the recent cabinet meeting in the White…

Read more…

Syrian Civil War and the Economy

The war in Syria has caused much demise and heartache to the world. The 6 year war that has involved multiple governments including the US has caused financial distress to their economy. According to the World Bank, Syria has lost $226 billion dollars to its economy. The World Bank also released that 538,000 jobs were lost between 2010 and 2015. The economy has lost human capital, infrastructures have been damaged and there is no end in sight. Rebuilding the infrastructure and repairing…

Read more…

 

Ghana is described by the WTO and the IMF as a middle income country that relies massively on external financing like most African nations in spite of the limitless availability of resource potential. A nation like Ghana ought to possess the internal infrastructure and capability to generate sustainable growth and development without necessarily relying on inexhaustible external financing.

The latest government made up of primarily economists, lawyers and financial analysts…

Read more…

After the first fiscal quarter into 2018 the economy seems to be looking very weak in the first quarter because of the lastest estimation from Bank of America Merrill Lynch dropped it's previous estamtion of the GDP rising at a pace of 2.3% down to 1.7%. Although this can be seen as a bit of a set back BoAML also changed their prediction for the second an third quarters as well. As for the second quarter they went from a pace of 3.3% up to 3.7%, making up from the weakness of the first…

Read more…

Shortage of new houses

After reading the below article about the shortage of the new houses in the US, I was wondering about the new building permits changes in New Haven area in the last quarter. Therefore, I can not wait for the new Spring/Summer Economic Activity Report in April that our Economics major Seniors to publish, where our NHEPL INDEX follows this specific number:(the Winter-2018 report…

Read more…

Student Loan Forgiveness to get $350M Boost

In the lastest spending bill that Congress has passed has  budget set to help forgive student loas for a lot more people than before. Within the new $1.3 trillion spending bill there is a $350 million set to help the student loan forgiveness plan. Even though there is money in the program financial experts say that it's a failing program. The reason behind why they say it's a failing program is because there's simply not enough money in the program. The forgiveness plan has recently expanded…

Read more…

The Connecticut Money Pit: Hartford XL Center


Originally built in in the early 1970’s and officially opened January 10th, 1975, with a maximum capacity of roughly 11,000 patrons and 25,000 sq. ft. of space overall the Hartford XL center, formally known as the Hartford Civic Center has been a bottomless pit for the Connecticut tax payer. Plagued with problems such as its questionable structural…

Read more…

Opioids and its financial toll on U.S

Opioids are killing tens of thousands of Americans every year. These include prescription pills including Vicodin and Oxycontin, as well as heroin and fentanyl, a drug that can be injected or taken through a skin patch or as a lozenge. President Donald Trump declares Opioid addiction as a ‘public health emergency’ and he wants the death penalty for the “big pushers” and cutting the opioid prescriptions nationwide by a third to curb the opioid epidemic. “This…

Read more…

As a 90-day amnesty period ended, less than half of the country’s estimated $1.42 billion kept illegally abroad has been brought back to the shore said Zimbabwean President Emmerson Mnangagwa. He added that only $591 million had returned to Zimbabwe and the individuals or companies who refused the amnesty would be named and will be brought to justice for being responsible for such illicit financial flows. Despite these difficulties in repatriating cash, the…

Read more…