CNN recently published an article on their website claiming what many of us believed anyway: the stimulus bill has had very limited effect on the economy. Continue reading
Archives
Credit Rating Overhaul Lacks Teeth… And Common Sense
Two years ago, the housing bubble led to a market breakdown that helped cause a financial collapse. Now, lawmakers are attempting to regulate different sectors of the financial system in order to prevent such incidents from occurring again. Continue reading
Regulation Versus Intelligent Intervention
President Obama has announced that further regulation of the financial sector is necessary to prevent another collapse of the system. In new legislation, the government would, for the first time, regulate derivatives. Continue reading
Geithner Versus Unemployment
Within the last few months, there have been big wigs talking about how much the economy seems to be improving. However, is this politics or true economic expansion? Continue reading
Economy Versus Environment Part 2 – The Three Gorges Dam
This blog will continue my series on the frequent trade off of the economy versus the environment. Continue reading
Why China is Not a Communist State – Part 3
In my last blog I discussed how China emerged from its Communist past and implemented liberalizing market reforms. To conclude the series of China-related blogs, it makes sense to discuss the economic situation in China today. China has increasingly become entrenched within world politics, and is on track to become a challenge to the USA’s economic hegemony. Continue reading
Economy Versus Environment
The environment and the economy often have much to do with each other. Many people disagree with greening technology because they see it as a temporary dampener of the economy by hindering growth. Whichever side of the fence you may be on with this issue, there are many cases where the economy and the environment are often at odds. Continue reading
Why China is Not a Communist State Part 2 – Economic Reform
In my last blog I explained some of the aspects of Communism: an expanded government that entered into civil society, a centrally-planned economy, mass mobilization, and charismatic leadership that circumvents national law. Continue reading
Why China is Not a Communist State: What is Communism?
When people think of China, they immediately have certain images or ideas that come to mind. They think of Confucianism, the Forbidden City, and a civilization that is among the oldest in the world. However, people doubtlessly think of Communism. What I hope to achieve in this serious of blogs is to clear up the misunderstanding that China still subscribes to this ideology. This blog will hopefully define, albeit in a shallow fashion, what Communism is. Continue reading
Financial Bailout: Revisited
In the year 2007, market analysts began to question whether the housing bubble was primed to burst. Little did they realize, not only was it going to burst, but it would have ramifications beyond their predictions. Because banks’ practices of subprime mortgage lending, people took out loans they could not pay back. As a result, banks went bankrupt and the housing market tanked. The bubble had burst, and the government was preparing to handle the situation in the wrong way. Continue reading
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