Since assuming office, President Trump has shaken the foundation of global trade with his use of tariffs. Tariffs, in simple terms, are taxes levied on imported goods. Trump’s intentions, in line with his America First campaign promise, are to boost the domestic manufacturing industry, reduce the U.S. trade deficit, and to leverage foreign countries into … Continue reading
Kids these days — in particular 18-24 year-olds — are giving up cigarettes in favor of more refined ways of upsetting their parents. Although rates of young adult cigarette use have dropped significantly in recent years to just 10%, marijuana use has crept up to about 20% (p. 23). Meanwhile, e-cigarettes have exploded in popularity … Continue reading
Two economic roads have diverged in an American wood. Fortunately, America has been able to travel both. Today, July 1, the U.S. economy entered into its record-setting forty-first consecutive quarter of expansion, surpassing only the forty-quarter boom of the 1990s. What will become a quick clip in the twenty-four-hour news cycle should instead be a … Continue reading
The effects of the 35-day shutdown furloughed government employees, postponed many immigration cases and hindered the daily life of millions of Americans. The Congressional Budget Office (CBO) estimated the global cost to be 11 billion dollars and GDP to fall 0.2 percent this quarter and 0.1 percent lower over the year. Yet, the case of … Continue reading
Introduction In December 2018, Finland’s Social Insurance Institution, KELA, terminated their two-year Universal Basic Income (UBI) experiment that aimed to “increase employment and simplify the Social Security system” citing insignificant changes in the employment rate of participants. Despite this outcome, prominent U.S. figures–such as Elon Musk and Mark Zuckerberg– and the California Democratic Party still … Continue reading
Background: According to the Center for Disease Control and Prevention (CDC), hepatitis C results in more deaths than any other infectious disease. Approximately half of the people with hepatitis C virus (HCV) do not know they are infected and a large percentage of the cases go undiagnosed. As a result, the prevalence of the … Continue reading
Legislative Action: On June 19th, the New York State Senate passed S.8907. This legislative action was implemented in an attempt to reduce maternal mortality and morbidity. Looking at the disparities in maternal death, particularly within New York, this legislation aims to not only improve overall outcomes of maternal health but also increase their equity. … Continue reading
As a result of the current regulatory climate in the United States, Financial Technology (FinTech) companies are often confused as to which laws, agencies and regulations apply to them due to the infancy of the industry. A select few countries around the world have adopted what is known as a “regulatory sandbox” to adapt … Continue reading
America First vs the WTO The World Trade Organization (WTO) is the foremost intergovernmental organization for regulating international trade. Its purpose is to promote free-flowing trade by providing its membership with forums for three interrelated functions – negotiation, illumination, and litigation. As of 2018, 164 members or (contracted parties) representing 96.4% of world trade, 96.7% … Continue reading
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