Month: March 2021

By: Adam Messinger & Brendan O'Reilly After a year of shutdowns, restrictions, and isolation, there is no denying that the level of travel demand, both domestically and internationally, is at an unprecedented high. Individuals of all age groups are itching to escape to destinations far and wide, with 82 percent of American families planning to travel in 2021, according to research reported in Travel Pulse. However, COVID-19 has revolutionized how individuals and businesses travel. With nations still imposing various restrictions on the specific individuals that can cross their borders, a new type of “passport” is being developed to allow safe travel while the global vaccination campaign continues to ramp up. Commonly known as the “vaccine passport,” an increasing number of count...

By: Anton Kozyrev For much of the 20th century, there was one crucial commodity that rose above all others to assume its position atop the global pyramid of desirable goods, so to speak. We speak, of course, of oil. That is not to say that oil only became prominent in the 20th century -- far from it. During the 19th century’s phase of rapid industrialization and almost rhythmic conflicts between economies of scale and labor unions, one thing held absolutely constant -- the importance of oil as a key driver of further economic development and industrialization. The beginning of the following century only further defined the parameters of industrialization, with a central focus on oil. With the discovery of the Spindletop Geyser in 1901, the oil industry grew at an almost exponential ...

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...

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...