08

Oct

By Claire Chen

All Posts, Economy, Economy and Government, World

Bread, Circuses, and… Gas Prices? Energy as the Symbol of American Prosperity

By: Claire Chen The U.S. Department of Labor’s August 2022 CPI report reveals that American consumers may finally see a respite in the inflationary processes that have contributed to a skyrocketing cost of living. The modest 0.1 percent increase in August’s CPI – still higher than expected, but consistent with…

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28

Jun

By Ron Ye

All Posts, Economy, Economy and Government, World

How the Russo-Ukrainian War is Affecting Food Prices

By: Ron Ye Around the world, food is getting increasingly expensive. The war in Ukraine and COVID-19 are the main factors behind it. COVID-19 has led to supply issues, growing inflation, and labor shortages. This has caused a surge in food prices in 2021 as countries reopened and demand increased.…

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27

Mar

By Lexi Blakes

All Posts, Economy, Economy and Government, World

Sanctions Trigger Market Volatility Amid Russia-Ukraine Crisis

By: Lexi Blakes Thursday, Feb. 24, U.S. President Joe Biden announced additional sanctions on Russian banks in light of the recent escalation of the Russia-Ukraine conflict. The crisis has been mounting since tensions developed in 2014, when protesters in Ukraine overthrew President Viktor Yanukovych, who was partisan to Russia’s interests.…

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07

Mar

By Trevor Jones

All Posts, Economy, Economy and Government, World

Pacific Island Economies

By: Trevor Jones An often overlooked facet of global economics is the functionality of island economies. I began exploring this in the wake of the Tonga volcano eruption in January 2022, when a massive eruption caused rampant flooding in the Pacific island nation. The publicity of this disaster led me…

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07

Mar

By Ron Ye

All Posts, Economy, Economy and Government, World

Russo-Ukrainian Crisis: The Effectiveness of Economic Sanctions on Russia

By: Ron Ye When I began working on the first version of this article, it was about a week before the start of Russia’s invasion of Ukraine. There were many uncertainties. Would Russia even invade Ukraine? It seemed like a risky move for Putin to make. How willingly would European…

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30

Jan

By Geneva Bass

All Posts, Businesses, Economy and Government

Pandemic Paints New Era for Art Market

By: Geneva Bass The advent of the novel coronavirus initially paralyzed the global art market. The first half of 2020 saw fine-art auction sales crumble over 50% and the contemporary art market lose 36%, both scraping record lows.  However, the global art market and the auction scene’s swift market orientation…

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26

Dec

By Ke Tang

All Posts, Economy, Economy and Government

How does inflation influence different sectors?

By: Ke Tang OverviewInflation in October is rising more than expected. According to the US Bureau of LaborStatistics, the consumer price index in October has increased 0.9% and pushed the year-over-year increase to 6.2%, hitting a 30-year high. In comparison, the consumer price index inSeptember has risen 0.4% on the…

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26

Dec

By Marvi Ali

All Posts, Economy, Economy and Government

Biden’s Pick for Fed Chairman

By: Marvi Ali The Federal Reserve System, or the Fed, is the central bank and monetary authority of theUnited States. Founded in the aftermaths of the Panic of 1907 and a series of financial crises, theFed was tasked with the major responsibilities of conducting national monetary policy,supervising and regulating the…

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26

Dec

By Mi Nguyen

All Posts, Economy, Economy and Government

COVID-19 Impact on November 2021 Economy

By: Mi Nguyen It has been almost two years since the COVID-19 virus was detected and the world is going deepinto quarantine and isolation to battle the immense spread of the virus. By this point, wearingmasks indoors and showing vaccination cards at restaurants has become the new normal already.As we…

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