We’ve summarised the top stories of the last week into an easily digestible briefing, so that you can stay up to date on what’s happening around the world. You can subscribe to receive the briefing in your inbox each week. UK Business & Economics Despite the rising cost of living hitting UK households nation-wide, retail sales jumped 1.4% in April with the sales of tobacco … Continue reading News Briefing – 23/05/22
We’ve summarised the top stories of the last week into an easily digestible briefing, so that you can stay up to date on what’s happening around the world. You can subscribe to receive the briefing in your inbox each week. UK Business & Economics NHS prescription charges will be frozen at £9.35. Normally, single prescription prices rise in line with inflation. However, following an announcement … Continue reading News Briefing – 16/05/22
We’ve summarised the top stories of the last week into an easily digestible briefing, so that you can stay up to date on what’s happening around the world. You can subscribe to receive the briefing in your inbox each week. UK Business & Economics The Bank of England has increased the bank rate from 0.75% to 1%; the highest level seen in 13 years. This … Continue reading News Briefing – 09/05/22
“The poor are punished.” This was a statement used to depict the ghastly effects that Hurricane Dorian had on the small outlying islands of Abaco in The Bahamas in September 2019. Inhabitants of a local shanty town ‘The Mudd’ described the scene as if a bomb had been detonated, with cars overturned and homes laying dispiritingly in rubble. What used to be a town full … Continue reading Inequality in the Bahamas
In his essay Economic Possibilities for our Grandchildren (1930), John Maynard Keynes predicted that economic and technological progress would enable a 15-hour work week by 2030. If he was wrong about the timing, he was right about the direction of travel. The Covid-19 pandemic has forced a re-evaluation of current practices in the world of work and has prompted many to begin exploring different strategies, one of … Continue reading The Four-day week: wishful thinking or a tool for growth and recovery in the UK?
Given Britain’s imperial past and 47-year membership of the EU, it comes as no surprise that it now ranks amongst the world’s most multicultural societies. However, as the number of immigrants entering the UK has risen, so has public sentiment against immigration: this, of course, was mirrored by the result of the 2016 Brexit vote. Unfortunately, misconceptions around immigration have spread throughout British politics and … Continue reading Dispelling the myths of immigration
Michael Lewis, the revered author of The Big Short, brings us yet another sharp insight into the confounding and often shady world of finance: Flash Boys: A Wall Street Revolt. This book specifically focuses on the role of high-frequency traders by following the journey of numerous individuals who all arrive at the same conclusion: that financial markets are rigged against the investor. Overall, the book … Continue reading Flash Boys by Michael Lewis – Book Review
In 1937, New York City introduced the taxi medallion. Taxi industries in cities have long been closely regulated, as people fear that without official standards, taxi drivers would either face unreasonable job insecurity, or taxi companies would be able to act as price discriminating monopolists, thereby reducing consumer welfare derived from taxis to zero. The taxi medallion is a licence to operate in New York … Continue reading The Regulations in NYC’s Taxi Market
After plenty of speculation, on the 28th of October Mark Zuckerberg announced a rebrand of Facebook and a rename to “Meta”. The change was complemented with a new corporate logo consisting of an infinity shaped symbol. Mr Zuckerberg explained that a name change was needed to reflect how much Facebook had evolved. The word “meta” derives from the Greek word meaning “beyond”, while the Merriam-Webster Dictionary … Continue reading Metaverse… The Future?
It is only recently that the concept of human nature has been applied to economics, yet its impact can be seen everywhere. Contradicting traditional economic theory, it is believed now that human nature is intrinsic in every action we take from the small scale to the large. The recent GameStop trend was fuelled by individual investors taking an opportunity to turn a profit and retaliate … Continue reading The Psychology of Investing
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