On Sunday, The Federal Deposit Insurance Corporation (FDIC) took control of Silicon Valley Bank (SVB), following bank’s historic collapse on Friday. This marks the 2nd largest bank collapse in U.S. history. Not long after, Signature Bank collapsed as well, making it the 3rd largest in U.S. history.
In 2008 Zimbabwe’s peak month of inflation was estimated at 79.6 BILLION percent month-on-month, and 89.7 SEXTILLION percent year-on-year in mid-November 2008. This led to the creation of the highest denomination bank note in history.
The House GOP is trying to send a message with the passing of their partisan bill yesterday (that WON’T make it through the Senate) that would cut IRS funding coming from last year’s Inflation Reduction Act.
When Charles Duhigg published The Power of Habit in 2012, it was an instant best seller and became widely regarded in the psychology and business reading communities.
A growing concern in America these days is the health of the middle class. The wealth gap has continuously been expanding for over a decade, and has been the main topic of political debates for as long as I can recall. This isn’t a post about who which side of the isle is right, who should be taxed what, but rather an explanation of why basic statistics allows for people with more money to grow their wealth faster than those with less money.
Brand value describes the worth that a particular brands has based on a variety of factors. It essentially follows the notion that the owner of a well-known brand name can generate more money than another business selling similar products with a lesser known name.
What happened in Uvalde, Texas and, unfortunately, many other places this month, year, decade and entire history of this country, is continuously devastating. How can we ever hope to address this issue with so much divide on something that seems so obvious? Let’s try to look at the problem from an Economist’s perspectives.
Cryptocurrency has seen massive volatility for most of it’s existence, especially the past few months. The potential gains are very enticing for investors of all ages, but I am concerned about the younger generations being led down a dangerous past that we have seen time and time again. With younger adults receiving most of their news and investing tips through social media, the power that “influencers” wield can carry serious weight when it comes to the long-term effects of the economy, especially regarding cryptocurrencies.
According to a leaked initial draft, The Supreme Court voted to strike down the 1973 Roe v. Wade decision. Although it is not a final ruling, if the current opinions of the justices do not change, the majority of the court will confirm the reversal. The reversal would result in a monumental set back to both women’s rights and the nation’s economy.
Spring ahead, but no more falling back? Changing clocks twice a year could soon be a thing of the past. How will this impact the economy?