Sports leagues across the world are structured into several different forms, with one of the most notable being leagues with a draft. Predominantly found in the US, draft leagues involve the selection of up and coming university players by professional teams once a year. The team who finished last in the previous year is given the first pick from the player pool and thus end … Continue reading To what extent are drafted sports leagues fair?
Following Vladimir Putin’s invasion of Ukraine, how has the Ukraine War conflict impacted global economic recovery? Joko Widodo, the Indonesian president, opened the G20 meeting by warning of the risks of the crisis to Ukraine on the global economy, “This is not the time for rivalries and creating new tensions that disrupt the… recovery, let alone endanger the safety of the world, as is happening in Ukraine,”. … Continue reading How has the Ukrainian Conflict Impacted Global Economic Recovery?
The electrifying world of professional sports brings all communities together, but beneath it lies a web of economic activities, that often go unnoticed. The NFL and NBA serve as two great examples of economics in sports, as the two most popular in the USA. The Spectacle of Salaries: The NFL operates under a salary cap system, with the 2022 cap set at $208.2 million per … Continue reading NBA and NFL economics
Normally, I’d start articles like this with a brief overview of the topic or situation, in an effort to give the reader some background knowledge and ease them into the discussion. But Taylor Swift needs no introduction. Her ‘Eras Tour’ is forecast to be the highest grossing music tour ever. In fact, it’s already the second highest grossing tour of all time, and she hasn’t … Continue reading Taylor Swift and The Eras Tour
“We choose to go to the Moon in this decade and do the other things, not because they are easy, but because they are hard”. Those were the words of John F Kennedy in 1962 at the dawn of the Space Race. In the previous year, the USSR had shocked the world by sending the first man into space. Uncle Sam was worried that his dominance was being … Continue reading The Second Space Race
It is January 19th 2017 and Joaquín “El Chapo” Guzmán has just been extradited to the United States to face charges related to his running of the most powerful drug cartel in Mexico, the Sinaloa Cartel. The United States’ Drug Enforcement Administration, also known as the DEA, claims that this is a monumental victory that will be the beginning of the end for drug smuggling into America. However, … Continue reading Crossing Borders and Crossing lines: The International Impact of the Mexican Drug Trade
“An economic recovery, like a rising tide, will lift all boats. For many, maybe even most, it will lift by painful inches. Some boats, however, may be lifted faster and higher.” So spoke President Ronald Reagan during his 1982 State of the Union address. He promised growth for all, stimulated by tax cuts for the top earning bracket, allowing for money to “trickle” down socio-economic levels … Continue reading Trickle Down Economics
Often hailed as the most influential economist ever, Keynes regularly imparted wisdom that shook the foundations of modern economics. His off-hand remarks are now cemented in history, and he is frequently quoted by modern economists and journalists. One of the issues he was very passionate about was the necessity of free trade amongst countries, even going as far as calling protectionism (the opposite of free … Continue reading Trade Wars: Explained
The American Dream is the belief that anyone, regardless of where they were born, or what class they were born into, can attain their own version of success in society. It is the centre of American nationality. It is one of the rare bipartisan issues, and suggests that equality of opportunity is available to any American, allowing the highest aspirations and goals to be achieved. However, increasing income inequality … Continue reading Income Inequality and the Future of the American Dream
April’s chart shows that inflation in the UK is lasting longer and staying higher than much of the OECD. We can see that, while inflation dropped 0.3% in the UK in March, inflation fell by 1.6% in the Eurozone; in the US, it peaked last June. Food inflation remains at 19%; energy inflation at 67%. Why is the UK struggling to take the wind out … Continue reading Chart of the Month – April 2023
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