Posts tagged Economy
How Might Federal Net Neutrality Regulations Affect Economic Inequality?

Net neutrality is the idea that internet service providers (ISPs) should treat access to all sites equally, regardless of content. While restoring net neutrality is well-intentioned, doing so could make internet access more expensive for consumers and cause investments into broadband to drop. These factors could make it harder to obtain Internet access, increasing economic inequality and unfairness.

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Biden’s Plan for Student Debt Forgiveness: A Solution or Quick Fix?

“While the Income-Driven Student Loan Forgiveness Act will help many Americans today, it simultaneously admits the inherent need for change in our Department of Education. If Americans want to see a future with growing numbers of college graduates, we have to act now. Congress must be urged to make longstanding policy on the student debt crisis rather than create more short-term fixes.“

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The Cost of Debt

“Only recently having left the world of mask mandates, vaccines, work at home orders, and increased prices, the state of the dollar must be preserved in an already weakened economy. With inflation the highest in over forty years, having been capped in July at 9.1%, additive changes such as loan forgiveness will seek to halt its decline back to the recommended 2%.”

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Having Your Cake and Eating it Too: Congresses’ attempt to ban Congressional insider trading

“One of the potential versions of the legislation, sponsored by Senators Jon Ossoff and Mark Kelly, stipulates that lawmakers, their spouses and dependent children would be prohibited from individually investing in stock, bonds, cryptocurrencies and other financial assets tied to particular companies. Alternatively, the legislation would also force members of Congress to divest or move assets into a blind trust, where they would have no involvement in managing the profitability of their investments and require lawmakers to provide detailed transaction summaries for permitted investments.“

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High Inflation, Public Expectations of Recession. Economic Uncertainty is Poised to Control the 2022 U.S. Political Atmosphere

“Make no mistake, inflation, the economy, and the recession question will remain in the news cycle for months to come. These topics greatly affect the American people so it will likewise dominate political discourse as Covid moves to the backburner. Expect the political blame game to go on before, during, and after the 2022 election season. Still, consider the greater effects of a recession. People lose jobs, homes, and sometimes even their lives. We can only hope the government can use its tools to effectively avoid that prospect.”

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The World Has Moved to Sanction Russia. Will It Make a Difference?

“Still, this conflict has only been going on for a relatively short period of time (12 days). No one knows how strong Russia’s resolve is in bearing the costs of these sanctions. No one can say whether these sanctions will help bring an end to this war. However, history has shown that sanctions cause real human suffering and have yet to win major concessions for the U.S.”

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The U.S. Military-Industrial Complex: The True Victors of War

“Traditionally, all levels of society, from political leaders to the general population, face some set of sacrifices or risks in fighting another country. Arms dealers have emerged as a noteworthy exception to this paradigm, though, as they only profit from violence or defense. They exist in a position removed from the government yet have the power and funds to push desired legislation. Whether one agrees with the predominance of the military-industrial complex or not, their growing influence will likely lead to increased militarism and armed defense both in the United States and the rest of the globe.”

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Fret Not, Worldwide Inflation is Merely Transitory

“Global consumers have not witnessed such high levels of inflation since the baby boom after World War II. But these fears of runaway inflation are unfounded, especially considering the nature of the post-COVID economy. Heeding the Federal Reserve’s characterization of inflation as ‘transitory,’ global inflation will fall as the international economy rebounds through the post-COVID fallout.”

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30 Year High Inflation Could Nullify Relatively High Increases in Wage Earnings

“On November 10th the U.S. Bureau of Labor Statistics released a monthly report that showed some pretty grim indicators for the U.S. Economy. Inflation, or the general increase in prices, had climbed to its highest level in nearly 30 years. From Oct 2020 to Oct 2021, prices have risen nearly 6.2 percent. This is putting strain on American consumers as the economy is recovering from the COVID-19 shutdowns.”

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Tesla Stock Soars After Hertz Buys 100,000 Teslas

“Through the creation of cheaper electric cars, incentives provided by the Biden Administration, and its proven environmental benefits, Tesla will continue to pave the path for itself and other electric vehicle manufacturers. Every year, the technology improves, its batteries last longer, and its sales increase, thereby transforming how our society travels as well as its impact on the environment. Although not completely a carbon-free process, Teslas are the stepping stone to a pathway of sustainable living.”

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Looming global recession means we need social programs now more than ever

“The International Monetary Fund’s newest estimate is that the global economy will shrink 4.4% in 2020: the worst annual drop since the Great Depression. Policy interventions such as unemployment benefits and paid-parental leave must be undertaken by countries around the world in order to help vulnerable populations. This will help ensure that this crisis does not contribute to a widening gender and intergenerational economic inequality.”

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