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
Economy
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
Stimulus Bill – Gauging Effectiveness
One of the most controversial bills Congress has passed recently was the stimulus package. The bill stipulates $787 billion of public spending in order to create jobs. The argument is whether or not government spending can even stimulate the economy. Did the stimulus bill work? Continue reading
Effects of Unemployment on Education
Thanks to the “Great Recession” as it is being called, unemployment figures have almost doubled since 2005; and they have ripple effects into other aspects of peoples’ lives. For many people, higher unemployment means a lower chance of getting accepted by a graduate school. Continue reading
Reigning in Congressional Spending
In my last blog I discussed the importance of budgeting. The simple skill can keep your costs and income levels in check, and can help you manage your finances with impeccable accuracy, and with as little guesswork as possible. Under this framework, you treat your finances like a business – as long as you come out positive after all costs and factored out of your income, there will be money left over. Continue reading
Housing Bubble: Way Back in the Day
Remember the so-called “housing bubble” back in 2007? Economists were predicting its implosion for a long time, but many did not predict the fall of the financial industry. Continue reading
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