Tuesday, June 15

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The Implications of COVID-19 For Inflation and Its Measurement
All Posts, Economy

The Implications of COVID-19 For Inflation and Its Measurement

By: Maximus Hamilton Amidst the enervating pandemic our country has dealt with the past year, numerous changes have taken place, not only in the social realm, but in the scope of our economy as well.  Without question, the COVID-19 pandemic has drastically altered consumer spending habits and patterns. With the need to minimize social encounters and slow the spread of the virus, many consumers have turned increasingly away (if not altogether) from most services, and as a result, the proportion of consumer spending on such services versus spending on consumer goods has been significantly altered. A close look at economic data from the past pandemic year would show a drastic decrease in expenditures on many services -- such as restaurants, movie theaters, and bars -- coupled with...
Navigation in the Uncertainty: How Should We Pursue Sustainability?
All Posts, Sustainability

Navigation in the Uncertainty: How Should We Pursue Sustainability?

By: Eric Wang The discussion about sustainability has become a hot issue in the society and company management field. However, though it attracts much appreciation and applause for the movement, critics have emerged from society's multilevel. A detailed analysis of them may help the movement innovate and redirect to head in the right direction. One of the most well-known to the sustainability concept would be the increasing trend of opposition to globalization. Critics suggest that sustainability is simply an elite game that only adapts to the developed countries' settings. Thus, it may not bring as many benefits as imagined worldwide since there are such huge discrepancies between each part. However, researchers have pointed out that more progressive policy making in environmental ...
The Future of American Healthcare
All Posts, Government

The Future of American Healthcare

By: Matthew Jean-Mary Regardless of political leaning, many Americans believe financing for healthcare in the United States of America will likely have to change in the near future. As it currently stands, the United States spends more money on healthcare than any other country in the world. However, this is greatly deceiving because the United States is not reaping the results achieved by other developed countries. It has been shown that -- on average -- U.S. citizens visit primary care physicians less frequently than other nations despite the fact that U.S. adults typically have greater health needs and demands (U.S. Health Care from a Global Perspective, 2019 | Commonwealth Fund). Intel from the Commonwealth Fund survey indicates that U.S. adults lack the income to pay for physician...
ARE “GREEN BANKS” THE SOLUTION TO CLIMATE CHANGE?
All Posts, Sustainability

ARE “GREEN BANKS” THE SOLUTION TO CLIMATE CHANGE?

By: Rohan Upadhyay President Biden plans to fight climate change and create jobs via infrastructure spending. However, to make America green, the economy must go green: corporations and banks must move towards renewables. Some institutions are considering sustainability. Global banks invested $1.9 trillion in renewables during 2016-2018 after the Paris Accords. 5 American banks also pledged to end Arctic drilling investment. Yet, this transition isn't complete. 33 global banks invested $1.9 trillion in fossil-fuels between 2016-2019. US banks invested double in fossil-fuels over renewables during 2016-2018. Furthermore, the UN initiative to encourage renewable investment - Principles of Responsible Investing - did little to change investors’ portfolios.  Though institutio...
The Advent of the Fourth Industrial Revolution and Its Implications for the Efficacy of GDP
All Posts, Economy

The Advent of the Fourth Industrial Revolution and Its Implications for the Efficacy of GDP

By: Anton Kozyrev GDP -- or Gross Domestic Product -- has long been the favored means of assessing economic health by myriad groups, from economists to politicians. But it may well be time for a change. According to the St. Louis Fed’s Federal Reserve Archival System for Economic Research (FRASER), the modern concept of GDP was introduced by economist Simon Kuznets, after the United States government had commissioned him to devise a new method of calculating the health of the U.S. economy in a bid to elucidate a clear path out of the Great Depression. This was done in order to allow the United States to articulate a proper response to the heightened pressures of the Great Depression, and eventually led to the large-scale modernization and industrialization of the U.S. economy du...
An Inside Look at the Recruitment Process at Business Fraternity AKPsi
All Posts, Opinion

An Inside Look at the Recruitment Process at Business Fraternity AKPsi

By: Jaime Svinth As a university with no undergraduate business school, Vanderbilt leaves many students yearning for the business mentorship, comradery, and networking given at other institutions. Enter: business fraternity student organizations. Delta Sigma Pi and Alpha Kappa Psi are two business fraternity organizations on campus started by students to bring together those interested in pursuing careers in the business world.  Another semester means another pledge class for business fraternity AKPsi, and another chance for business-minded students to join an organization that bolsters their passion.  Here’s a Vanderbilt Business Review interview with recruitment chair Emilio Karakey to give you the insight you need to ace your spring 2021 application. Karakey is a jun...
How to start investing in the stock market as a college student, and why you should do it now
All Posts, Economy

How to start investing in the stock market as a college student, and why you should do it now

By: Jaime Svinth Whether you have been working since high school or plan to enter into the workforce after graduate school, learning how to manage your money is crucial for a secure financial future. Gone are the days of simply putting money in the bank in hopes that interest rates compound the saved money. Enter: the stock market. Put simply, the stock market connects buyers to public shares of companies. As these companies grow, shares become more valuable, and thus an original investment earns you more money than you paid for it. For some, starting to invest is an intimidating task, and one that some may put off until they are out of college. However, the sooner one can invest, the better, even if it's just $100. Owen Graduate School Assistant Professor of Finance, Jesse Bloch...
Why Marijuana Legalization Evades Us
All Posts, Government

Why Marijuana Legalization Evades Us

By: Rohan Upadhyay The debate over legalizing marijuana has become a hot-button and commonly debated issue in the past few years since Colorado legalized weed in 2012. Regardless of one’s personal stance, we should acknowledge that representatives in Washington are not having an honest conversation about how best to reduce drug abuse. The simple truth is that the “War on Drugs” is a product of corruption and didn’t come from actually trying to resolve the drug problem. We must address that, since it began in 1971 under President Nixon, the War on Drugs has not significantly reduced drug abuse in this country. Rather, it’s the opposite — drug abuse and drug-related deaths have risen since the 1970s (source: Center for Disease Control and Prevention and National Institute on Drug A...
A Changing Global Economy Requires Investment and Support of Higher Education
All Posts, Economy

A Changing Global Economy Requires Investment and Support of Higher Education

By: Anton Kozyrev It would be a gross understatement to say that education has a big impact on individuals’ lives. It is often the defining factor that shapes the trajectory of one’s life, all thanks to the immense financial and economic influences it has. The United States consistently spends more on elementary and secondary education per student than any other nation in the world -- and the U.S. has among the highest secondary school graduation rates in the world. This has undoubtedly been a major factor in the U.S.’ economic growth and development in the past decades. However, as the global economy shifts in the coming years, requiring more extensive forays into increasingly complex topics and conjectures, the workforce of the future will need to expand upon its education to keep...