Marijuana: an economic high?
Weed? Pot? Ganja? These are familiar terms for some people, but less well known is the fact that marijuana sales account for more than $120 billion each year in tax revenue and create 1.6 million new jobs in the US alone. The legalisation of cannabis would see it officially become America’s largest cash crop and many people seem to be rooting for it, with only … Continue reading Marijuana: an economic high?
Colombia’s Cocaine War: the industry that pays
Colombians earn more from the drug trade than any other nationality in the western hemisphere. Since 2000, the United States has devoted part of its $11.6 billion in Colombian aid to eradication programs in an attempt to reduce the amount of processed cocaine reaching US shores. Despite this, cocaine has been getting cheaper in the United States, coca fields keep expanding, violence continues to worsen, … Continue reading Colombia’s Cocaine War: the industry that pays
Does Free Trade Cause Unemployment?
The relationship between international free trade and employment has long been controversial. Some economists argue free trade affects efficiency but has no effect on total employment in the medium and long term, whilst others argue that there are increased job opportunities due to a rise in exports. There are several reasons why a country would want to participate in foreign trade. Most obviously, one may … Continue reading Does Free Trade Cause Unemployment?
News Briefing – 06/06/22
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 boost to the UK economy due to the Platinum Jubilee has been quantified at £6.37 billion, with pubs and restaurants … Continue reading News Briefing – 06/06/22
News Briefing – 30/05/22
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 government has admitted that the £150 council tax rebate, announced in February, may not arrive for some households until late … Continue reading News Briefing – 30/05/22
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 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
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 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
News Briefing – 09/05/22
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 Regulations in NYC’s Taxi Market
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
Flash Boys by Michael Lewis – Book Review
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
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