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Recently, the stock market has experienced big wins. Economists argue that this increase can be correlated to the fact that, in October, the consumer price index went down to 3.2 percent. The slowed consumer price index is rooted in a campaign by the Federal Reserve, which wishes to “kill inflation” by lowering rates. There is a big debate among economists concerning whether this upward-moving stock market can be backed by economic indicators.Continue Reading

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A plethora of problems stemming from the COVID-19 pandemic have surfaced in America, leading the country towards an economic decline. These problems—including stagnating wages and a downward spiral in the production of goods—span across the board, affecting several sectors of the American economy. Together, they converge into the perfect storm, plaguing America with economic issues reminiscent of those of the 1970s. Continue Reading

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Coachella is one of the world’s largest music concerts. After seeing cancellations in 2019 and 2020, the festival will finally be seeing a return in 2022. Check out this article to learn more about the financial and environmental impact Coachella has on the local community.Continue Reading

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The field of economics is undergoing a revolution, becoming more relevant, accurate, timely, and empirical by using technology to track everything, all the time. Our economics columnist explains how plentiful data is drastically changing the way policy is structured and decisions are made.Continue Reading

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Texas has attacked women’s reproductive rights with the passage of Senate Bill 8, the strictest anti-abortion law in the country. In the following article, Community columnist Amalia Nichols, a Texas native, investigates the extensive impacts this bill will have on business, the economy, and women, who are essential to both former points.Continue Reading

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Xenophobia and racism have been endemic throughout American history, but the COVID-19 pandemic highlighted how it affects the Asian American community in the United States. From suffering Asian-owned businesses to high rates of unemployment to lacking government programs, learn more about how the Asian American community is battling both discrimination and the pandemic.Continue Reading

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The film Nomadland reveals very real problems concerning how policymakers and corporations exploit seasonal workers, specifically elderly gig economy employees. Although temporary employment may be attractive for companies such as Amazon, policy that targets a reduction in elderly poverty would help prevent aging Americans from converting to a tumultuous nomadic lifestyle, where they face low salaries and poor treatment.Continue Reading

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The U.S. dollar finds itself as the currency of the global economy. In extreme circumstances, many countries even replace their own sovereign currencies for the dollar, in hopes of bringing much-needed economic stability. The dollar’s dominance, however, is not uncontested and its use is not without drawbacks.Continue Reading

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As economies across the world have come crashing down due to the coronavirus, Indian consumers are suffering from suppressed wages, mass lay-offs, and reduced economic activity. Yet, while the entire country’s economy has been turned upside down, one sector of the market has silently exploded: Instant loan suppliers, lending money to Indian workers who desperately need the funds to pay off critical bills. These lenders, however, charge gigantic interest rates which enable them to profit off of the backs of economically insecure workers. Continue Reading