finance
Money talks; reviewing the global economy, government spending, taxes, and economic policy that affect our social and political future.
The economic impact of the pandemic in Latin America
Very difficult times that each of the countries of the world has to face with the growing and violent impact of the global pandemic that plagues every corner of the world. The economy of the world's major powers has collapsed. Countries such as the United States, China, France, Spain, Italy and Germany have been plunged into a deep economic crisis, mainly guided by the mandatory closure of many companies belonging to the industrial and commercial sector.
By José Ricardo6 years ago in The Swamp
Should We Provide Emergency Universal Basic Income to Everyone or Just Those Who Need It?
What’s happened in just the past few days with mind-boggling speed is the near certainty now that in the very near future, the United States is going to start cutting checks for some as yet undefined value and sending them to an as yet undefined population. As an advocate for a universal basic income since 2013, I applaud this growing "cash bailout of the people" consensus, however I would like to emphasize that what matters most right now as with UBI in general, is the unconditionality/universality of the payment. In other words, the checks really need to go to everyone, excluding no one, and where that may seem wasteful or unnecessary, let me explain why it should be part of any bill that gets enacted into law for emergency UBI or permanent UBI.
By Scott Santens6 years ago in The Swamp
An Open Letter to the Canadian Government
Dear Canadian Government: I was texting with my sister-in-law yesterday. She is a kind and wonderful person, a retired school librarian who spent a good part of her career serving the needs of students at an inner-city school. We live about an hour and a half drive from one another, and checking in isn’t uncommon. What is uncommon, however, was the subject matter of our texts. Overnight, we found ourselves in an entirely new world; Ontario, where we live, just declared a state of emergency due to COVID-19.
By Heather Down6 years ago in The Swamp
Will Liabilities Become “Assets”
In September 2019, US President Donald Trump, in his original manner via Twitter, suggested that the US Federal Reserve move interest rates to a negative zone from zero and below to refinancing the US government ‘s current $23 trillion debt and extend its maturity. The idea of zeroing out rates to stimulate growth is tempting, especially when the amount of accumulated debt is huge and virtually all markets are dependent on changes in the US Federal Reserve monetary policy. But emergency measures that temporarily worked after the 2008 crisis could prove disastrous to the global financial system if applied for populist reasons on a permanent basis.
By Konstantin Kalushniy6 years ago in The Swamp
3 arguments keyboard economists want you to believe about minimum wage
The minimum wage topic has been one of the most fiercely discussed economic policies all over the world. However, the discussions in the United States seem to be a lot more vocal, including things such as protests, social media posts, every-day activism and various other methods of helping spread the word.
By Giorgi Mikhelidze6 years ago in The Swamp
Expense to the Highest
Due to the economy's inflation, prices went up after our imports were taxed. After that, globalization has been turning into a complex issue. If we look further into this problem, we can decipher how things work. International corporations from all over the globe need money. Not just for profits, but to put currencies back into their nation's economy. When a nation makes a trade, they have to pay for the cost. If the supply and demand are not met, it could be disastrous. Politicians and congress will have to ask or negotiate with business owners, and convince these imports. Keep in mind traders have to be paid back in return. Yes, we have the T.T.P. organization for this job. The T.T.P did not always provide the best options. Their methods often work as a balancing act. One example: New Zealand, who ships their imports to Australia, would be the one to pay the minimum cost. If the required cost cannot be met, Australia's prices could skyrocket at a severe level. Then, New Zealand could also have to deal with a surge in prices. High costs can lead to limited spending power out of the citizens' hands. New Zealand's economy will not always suffer because of Australia's mishandled on pricing. This is where T.T.P can come in, to rectify the problem. Every other form of organization, such as activists and workers' unions, will have to pitch in. It's going to be hard to find solutions. This will take time and effort. Every person from all political sides need to step in.
By Kristen Dean6 years ago in The Swamp
Our National Debt
Like most of you, I was a bit confused and wanted elaboration on the subject of the National Debt. To me, this is one of the most important topics, regardless of who runs the country. So I started searching the web for explanation, but it seems that the articles online fall short of clarity. Most of these websites explain as if you are familiar with financial concepts. To add to the complexity, they reference other governmental websites that explain detail and components of the national debt.
By Alonzo Echavarria-Garza7 years ago in The Swamp
Cuba's Economy Is Gradually Getting into the Picture
Cuba has an unsolved problem with Fidel Castro on the nationalization of American real estate, but she recently agreed to hold a referendum to turn it into an economy conducive to investment. Unfortunately, for the northern Caribbean country, they are not ranked in the global ease of doing business. This, of course, means that investors will not be interested in the land for business. With only 11,490,125 people, one would've thought that it will find it cost effective. Unfortunately, this cannot be said about the republic. Many obstacles in Cuba are slowing economic progress.
By Osei Agyemang7 years ago in The Swamp
