Author: Lucy Cox, Graphics: Danielle Hwang The BRB Bottomline: Tariffs are the hot topic of economic policy this election, with both sides embracing protectionist tariff policy. But do Americans fully understand the real-life implications of tariffs? When presented with the possibility of a tariff on blue jeans, a staple pieceContinue Reading
Elections and Rejections: All Eyes on The United States Following a Turbulent October Authors: Andrés Larios, Venus Dhanda, Faith Spalding Editors: Venus Dhanda, Sydney Sibrian, Faith Spalding Intro: Welcome to the Weekly BluRB, a newsletter catered to students and professionals to get the latest news and insights on global markets.Continue Reading
Despite the political backlash and uncertainty for the macroeconomy brought upon by their plan, the Biden Administration remains steadfast in its argument that it is a vital step for Americans in the ultimate goal of solving the student debt crisis. Moreover, they believe it to be an efficient and sustainable solution — they maintain that because of the high default rates for student loans, the actual cost of the debt forgiveness plan will be lower than the theoretical expectation; however, the specifics of that value have proven to be difficult to calculate. Continue Reading
Biden’s two big spending bills with an estimated $3 trillion price tag are large, ambitious projects to modernize the US with the focus of decarbonization. Our Economics Columnist talks about what to be optimistic about – and why it still might not be enough.Continue Reading
Tapering – the end of quantitative easing – has finally arrived, bringing an epilogue to the era of cheap money. How will tapering impact the economy, and what does it mean for the common public? In this article, Financial Literacy columnist Bradley Tian examines the working and implications of the tapering process. Continue Reading
The Roth IRA mega backdoor loophole, exploited to reap larger returns than normally possible, is on the precipice of being closed by the Biden administration’s new tax plan. Investing columnist John Wang explores both its intended and unintended consequences.Continue Reading
On October 2, 2020 India and South Africa proposed a temporary waiver on coronavirus vaccine patent rights in a meeting of the World Trade Organization. With over 100 co-signatories (mostly developing countries), the so-called “TRIPS Vaccine Waiver” has raised questions about intellectual property and access ethics during a pandemic.Continue Reading
Biden’s climate plan was one of the most highly anticipated of his campaign promises due to its $2 Trillion investment in combating climate change. This article will detail the basics of the plan, its effect on US GDP and investments, and analysis by policy experts. Continue Reading
It looks like the United States just became a third wheel. Recent economic data from the E.U.’s statistical office shows that China is now the European Union’s biggest trading partner of goods, knocking the U.S. from its prime spot. While the European Union has been China’s biggest importer for some time, the relationship only became mutual during the pandemic, likely due to the increase in demand for Chinese medical products in the E.U. In turn, demand for European goods in China also grew.Continue Reading
BRB dives into presidential candidate Joe Biden’s tax plan. With the election right round the corner, we have condensed and summarized all you need to know about what is going on with Biden’s taxes.
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