Executive Summary The relationship between fiscal deficits and trade balance in the United States is complex, and the twin deficit hypothesis (TDH) and Ricardian equivalence hypothesis (REH) suggests two differing opinions on the relationship. The TDH postulates a positive connection between fiscal deficits and trade balance (net exports) while the REH argues there is no … Continue reading
Executive Summary Tomorrow, the United States will impose blanket 25% tariffs on Mexico, which has promised retaliation. Mexico has much stronger incentives to follow through with retaliation than they did during their first trade dispute with President Trump in 2018. They also have a large arsenal of economic tools at their disposal to put pressure … 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 The Organization for Economic Co-operation and Development’s (OECD’s) pillar two proposal includes three crucial tax rules intended to work with current tax laws worldwide. The Joint Committee on Taxation (JCT) and the Tax Foundation made predictions of the effect on US revenue given the adoption of pillar two both internationally and nationally. The … Continue reading
Executive Summary: 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 Obstructive … 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Bank’s (SVB) failure was caused by the largest bank run in American history with a total of $42 billion in deposits withdrawn in less than 24 hours. 2.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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