Wednesday, October 27

Month: September 2020

Want a Student Loan? Now’s the Time!
All Posts, Economy and Government

Want a Student Loan? Now’s the Time!

The U.S. economy has drastically changed ever since the onset of the coronavirus pandemic. Businesses shuttered, teleworking at an all time high, are all part of the “new normal” we are living through. The lack of economic growth has called for the Federal government to enact very low interest rates in order to spur economic growth and prevent an economic crisis like we had in 2008. What do low interest rates mean? The cost of borrowing any money is now extremely low compared to before because the government wants people to borrow money to spur economic growth. This low interest rate includes student loans, which intrigues a large percentage of the Vanderbilt student body. The interest rates on student loans is at a rate of  2.75%, much lower than a typical rate in any other year. Rate...
Wage Violations are Shameful
All Posts, Economy and Government

Wage Violations are Shameful

There has been a drastic increase in worker violations since the onset of COVID-19. The American employer has responded by seemingly being passive with regards to the exploitation of their labor as times have become especially dire. There is no time to be prideful with fighting for their deserved liberties, as now COVID has led many to the mentality of survival. Many workers are grateful for just having a job, as with an unemployment rate of about 8.4%, getting too picky can easily lead to them being one of millions not having a stable source of income. The Washington Center for Equitable Growth published a paper on some potential violations. The typical worker on the wrong side of these violations lost approximately 20% of their hourly wage.  Furthermore, more than 20% of work...
Why Does the Fed Target 2% Inflation?
All Posts, Economy and Government

Why Does the Fed Target 2% Inflation?

Since January 2012, the Federal Reserve has maintained a target of 2 percent inflation for the US economy.  The target allows the Fed to perform its congressionally mandated jobs of maintaining price stability and maximum employment.  Before the 1970s, economists believed inflation and unemployment had a permanent negative correlation so that low inflation and low unemployment could not be achieved at the same time.   However, the 1970s oil shock brought on a period of high inflation and unemployment known as stagflation.  With the high rates of the 1970s, the Fed needed a new way to control inflation.  At the time, most central banks used currency pegging to control inflation by controlling the value of currency.  Relatively stable currency values ac...
Microsoft and TikTok
All Posts, Technology

Microsoft and TikTok

In case you haven’t heard, President Trump said he planned to ban TikTok in the United States sometime in September of this year because of the risk of the popular social media app, impeding among American freedoms and security. To counteract the gaping hole that would be left by the fun and transcendent experience of posting short-1 minute clips of drop dead humor, Microsoft offered to jump in and buy TikTok. And then recently just a few days ago, Walmart also entered the competition for America’s most comedic website. Now Walmart and Microsoft are teaming up in attempting to claim the rights to TikTok.  Such a mashup introduces many interesting possibilities of what the potentially merged companies could do. TikTok’s influence is likely to be magnified under Microsoft for a coup...