The Great Financial Crisis
Before COVID, the Great Financial Crisis (GFC) of 2008 was the most severe economic downturn since the Great Depression of the 1930s. Also known as the Global Financial Crisis, the GFC caused a nationwide recession, as well as causing global trade to decrease by 15% between 2008-2009. Nearly every country in the world was affected by the decline of economic growth, the loss of jobs, … Continue reading The Great Financial Crisis
The Euro – a flawed currency?
The Euro is the official currency of the Eurozone, a currency union consisting of 20 out of the 27 European Union member countries, with Croatia being the most recent to adopt it on the 1st of January 2023. Initially, the Euro was launched as a virtual currency on the 1st of January 1999, only used for things such as accounting and electronic payments. Initially, eleven … Continue reading The Euro – a flawed currency?
Economic implications of having a real-life golden goose
WARNING: THE FOLLOWING ARTICLE CONTAINS SPOILERS A few weeks ago, I watched a great film called Puss in Boots. In the movie, Puss teams up with the infamous feline burglar Kitty Softpaws and his childhood frenemy Humpty Dumpty to steal the golden goose and save their hometown, San Ricardo, to make their foster mother proud. They eventually succeed, and the villagers of San Ricardo get … Continue reading Economic implications of having a real-life golden goose
Chart of the Month – May 2023
This Chart of the Month revisits the EU Emissions Trading Scheme (ETS). An explanation as to how it works can be found in the July 2021 Chart. In that article, we asked whether the EU ETS could hold its value, and whether the increase in costs of pollution would prove too great a burden for firms and the poorest households. Now, we can try to answer … Continue reading Chart of the Month – May 2023
News Briefing – 15/05/23
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 Economics and Business The UK economy grew by 0.1% compared to the previous quarter, making it the worst performing country in the G7. The … Continue reading News Briefing – 15/05/23
News Briefing – Coronation Special: 08/05/2023
We hope you enjoyed the long weekend and the spectacles of the coronation! 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. This week, we have put a heavier focus on the UK. You can subscribe to receive the briefing in your inbox each week. This … Continue reading News Briefing – Coronation Special: 08/05/2023
Hong Kong and SDUs
Hong Kong is a politically conflicted city and country on the South China Sea, described as employing a ‘one country, two systems’ state. It is an ex colony of Britain that is in a transition stage between British rule and Chinese ownership. In 1997 it was agreed that Hong Kong would be handed over to China as an SAR, ‘Special Administrative Region.’ However it still … Continue reading Hong Kong and SDUs
Crypto-currency and the Pinocchio Condition
A cryptocurrency is a digital currency secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology and they are generally not issued by a central authority. Any investor can purchase cryptocurrency through an exchange. These range from popular options likes Coinbase, apps such as Cash App, or through brokers, as well as through financial derivatives … Continue reading Crypto-currency and the Pinocchio Condition
Spotify: A Blessing Or A Curse For The Music Industry?
Over the past 10 years the way we listen to music has been revolutionised by streaming services. Platforms such as Apple Music, Deezer and Soundcloud provide a platform to access almost any song instantly, and a way for artists to distribute their creations without having to press CDs or vinyl. The “headline act” of these is undisputedly the Swedish giant Spotify, which drowns out the … Continue reading Spotify: A Blessing Or A Curse For The Music Industry?
Income Inequality and the Future of the American Dream
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
