Higher education refers to learning at universities or similar institutions, typically leading to a degree. It has long been a key driver of economic growth, offering individuals higher wages and better job security due to their higher perceived worth. However, with tuition fees rising and student debt reaching record levels, concerns are growing about whether a degree is still worth the cost. In the United … Continue reading The Economics of Higher Education
Globally people are progressively shifting away from cash and adopting digital payments in their day to day life. In the last decade or so, the UK has seen a significant surge in mobile banking, contactless cards and fintech platforms such as Apple Pay and PayPal. However, the dependence on private businesses presents challenges of access as well as control. Central Bank Digital Currencies (CBDCs) are … Continue reading CBCDs and Digital Currency
As the World Locked Down, AI Went Phishing The latest data from the Anti-Phishing Working Group (APWG), a global organisation dedicated to cybercrime prevention, shows that the number of newly discovered phishing sites jumped tenfold between 2020 and 2023, before dipping somewhat by mid-2024. Even so, the total remains much higher than before the spike. Phishing, in simple terms, is when online thieves pretend to … Continue reading AI Phishing
Chinese military action against Taiwan seems to grow increasingly likely by the day; the US intelligence community’s latest estimate believes a potential invasion of Taiwan could occur as early as 2027. The implications of military action in Taiwan would be devastating to US national output, because Taiwan houses much of the manufacturing capacity of a company that is key to the US economy: Taiwan Semiconductor … Continue reading The TSMC and a Chinese Invasion of Taiwan
‘We need Greenland for national security purposes,’ declared President Donald Trump in a press conference on January 7th, a move shrouded in controversy that angered the EU, Denmark, and other rivals such as China and Russia. A closer look shows that his goal is much bigger than just spending almost $70 billion to buy a huge, mostly empty hunk of ice. Firstly, this was … Continue reading What is Trump’s Obsession with Greenland?
An Introduction to Catastrophe Bonds and the L3C Catastrophe bonds (or cat bonds) are high-yield debt instruments used to raise money for companies in the insurance industry in the event of a natural disaster. A bond is a financial instrument in which the issuer (a government or company) sells bonds to investors, which gives the issuer capital, raising money. They pay the investor with regular … Continue reading Catastrophe Bonds
The world of professional golf has witnessed a seismic shift in recent years, marked by the emergence of LIV Golf—a breakaway professional golf league funded by Saudi Arabia’s Public Investment Fund (PIF). Initially called the ‘Premier Golf League’ in 2021, the name was later changed to LIV, 54 in Roman Numerals, signifying the number of holes played at each tournament: a shorter, seemingly easier to … Continue reading LIV Golf
Introduction: In classical economics, individuals are assumed to be rational decision-makers. Rationality in this case means making choices that result in an optimal level of benefit or utility to the individual making the choice. This view, which is known as ‘homo economicus’, or the economic man, is the portrayal of humans as agents who are consistently rational and narrowly self-interested, and who pursue their ‘subjectively … Continue reading Nudges – A Dive into Behavioural Economics
At its peak, the English East India Company (EIC) was not only the first multinational company of its day, but was also the largest corporation of its kind: the EIC surpassed the scale and power of many nations, effectively becoming the governing authority of India, one of the most economically productive regions of the era. Furthermore, even though the East India Company’s monopoly on trade waned in … Continue reading Corporate Colonialism
Christmas is one of the largest holidays on Earth, if not the largest. Although many religions, such as Judaism, observe other traditions, such as Hanukah, it has become increasingly common for families to partake in multiple celebrations. Interestingly, the rise in popularity of Christmas is less about its original Christian significance – namely to remember the birth of Jesus Christ – and more about its unique way of gift-giving … Continue reading The Christmas money machine
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