The United States was founded at the dawn of the Industrial Revolution, and has met with extraordinary business success from the days of its founding. Upon that success was built the broad prosperity of the new nation and the opportunity for great fortunes for the bold.
By developing and administering its own vaccines, Cuba has ensured affordable coverage (0.84 per cent of health-care costs), despite the United States embargo blocking medical supplies, including during the pandemic.
Globally, food is 20 per cent more expensive now than it was a year ago, with prices rising four per cent since January this year. In Canada, the annual food inflation rate hit 6.5 per cent in January, the highest in more than a decade.
Economists typically focus on the three big macroeconomic variables: gross domestic product, unemployment and inflation.
There are obvious and not-so-obvious answers to these difficult questions. The key driver of gasoline prices is the price of a barrel of oil and, like other commodities, oil prices are driven by the dynamics of supply and demand. Right now, supply is very tight.
Russia’s war against Ukraine will change the landscape of global energy and its geopolitics in profound ways. Pieces of this terrain have already begun shifting.
The invasion of Ukraine comes at a delicate time for the world economy, which was just beginning to recover from the ravages of COVID. Russia’s war could now have far-reaching economic consequences, as financial markets tumble and the price of oil soars.
After months of volatility and concern, it was revealed that energy costs for the average household in the UK will increase by £693 this year. These are historically high levels, never reached before in the UK.
There’s a growing bipartisan push to prohibit members of Congress from buying or selling stocks. The shift follows news reports that several senators sold stocks shortly after receiving coronavirus briefings in early 2020 and that at least 57 lawmakers have failed to disclose financial transactions since 2012 as required by law.
Low-tech does not mean a return to medieval ways of living. But it does demand more discernment in our choice of technologies – and consideration of their disadvantages.
New research finds men’s risk tolerance and overconfidence play a role in the gender wage gap.
Britain’s energy regulator Ofgem is set to increase its cap on energy prices by 54% this April 2022. This is in response to the skyrocketing price of gas, aggravated by demand picking up as countries relaxed lockdown measures, low-wind speeds, and bottlenecks in supply chains.
Mainstream news media outlets have, in recent years, begun to create advertisements that look like news articles on their websites and on social media.
The boom of the cotton, sugar and tobacco industries of the colonial US simply would not have happened without the trade of slaves from Africa
President Biden’s Build Back Better plan calls for a second year of an expanded child tax credit disbursed monthly. But that package of measures stalled in the Senate after passing the House in November 2021.
There have been some standout successes for some countries dealing with this Covid pandemic.
Legislative progress came to a sudden stop a month later when Sen. Joe Manchin announced, in a Fox News interview, that he would not support it.
Just by refusing vaccines, a person cannot be deemed to have also refused consent to receive treatments for COVID. People who are unvaccinated have not waived their positive right to healthcare.
Sixteen universities – including six in the Ivy League – are accused in a lawsuit of having engaged in price fixing and unfairly limiting financial aid by using a shared methodology to calculate the financial need of applicants.
Millions of Americans have no health insurance and even if the do they live in fear that one illness could bankrupt them.
Dickens consciously thought of A Christmas Carol as a message book, which he hoped would deliver what he called a 'sledge-hammer' blow on behalf of ameliorating the suffering of the urban poor
The question, then, is: Could an additional large spending increase cause inflation to accelerate further?
The means to achieve quality healthcare for all is there. All that is lacking is the people's will and demand. But how?