Executive Summary Introduction Government deficits and the trade balance have seemed to fluctuate in tandem over time. This has given rise to theories connecting the two deficits to explain their relationship. U.S. fiscal deficits have ballooned in recent years, bringing renewed attention to the twin deficit hypothesis (TDH) and applying it to advanced economies. Modeling … Continue reading
Executive Summary Introduction In the 1955 movie A Rebel Without a Cause, James Dean introduced Americans to the game of “chicken,” wherein two cars accelerate towards each other until one swerves. The swerving car’s driver is labeled the “chicken,” and the steady driver wins. Eighty years later, the game of chicken is not just a … Continue reading
Executive Summary: • ISIS released an Artificial Intelligence (AI) generated misinformation video following a bombing attack on a Russian concert venue, which prompted fears about the depth of AI use in terrorist activities. • Generative AI has cut time, automated recruitment and information dissemination, as well as decreased the need for highly skilled members in … Continue reading
Executive Summary Introduction The Organization for Economic Co-operation and Development (OECD) proposed a two-pillar international taxation agreement aimed at taxing digital companies and reducing profit shifting. Pillar two aims to create a minimum international corporate tax of 15% on multinational companies that bring in revenue of over €750m a year ($810 million). This tax can … Continue reading
Executive Summary: Introduction: On January 8th, 2024 the Senate Committee on Health, Education, Labor, and Pensions (HELP) sent letters to the CEOs of the four largest manufacturers of inhalers sold in the United States (AstraZeneca, Boehringer Ingelheim, GlaxoSmithKline (GSK), and Teva) launching an investigation into the high price of inhalers used for Asthma and Chronic … Continue reading
Executive Summary 1. Silicon Valley Bank’s (SVB) failure was caused by the largest bank run in American history with a total of $42 billion in deposits withdrawn in less than 24 hours. 2. The failure of SVB and subsequentially, Signature Bank, marks one of the first true stress tests to the United States (U.S.) financial … Continue reading
A new President is not the only change to come out of election day for Florida passed Amendment 2, the proposition to raise their minimum wage to $15 by 2026. The proposed schedule for the increase includes a jump to $10 an hour by September 2021, and a gradual further increase of a dollar per … Continue reading
On Wednesday, June 27, the U.S. Senate Committee on Health, Education, Labor and Pensions (HELP) held a hearing to discuss the rising cost of health care in the U.S. Several panelists mentioned increasing price transparency as a potential solution to the growing issue. The disclosure of health care prices is by no means a new … Continue reading
On September 25, 2016, the soon-to-be leader of the free world met with Israeli Prime Minister Benjamin Netanyahu. Although I cannot yet tell you which it was, I do know that both U.S. presidential nominees conversed with the leader of the free Middle Eastern world about U.S.-Israeli relations. So, what would a Hillary Clinton or … Continue reading
The Democratic Party’s platform draft for Financial Services states that “[t]o restore economic fairness, Democrats will fight against the greed and recklessness of Wall Street.” Despite these goals, the proscribed policies in the Democrat’s platform will have unintended consequences that will harm consumers, and make the biggest banks bigger and smaller banks disappear. In short, … Continue reading
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