Farm Subsidies
Subsidies are usually enacted as a way to support individuals or institutions in a specific sector of the economy. “They are designed to overcome deficiencies in the market, support disadvantaged parts...
View ArticleDetroit’s Bankruptcy Plan
Today, Detroit officials laid out a plan for exiting the largest municipal bankruptcy in U.S. history. I thought this was an interesting article/event since our professor is a frequent visitor to...
View Article$50,000,000,000 down the Russian drain?
Many people, Russians and foreigners alike are wondering what will happen to the infrastructure created to host the 2014 Winter Olympic Games in Sochi. Over $50,000,000,000.00 was invested to “develop...
View ArticleUnemployment in Greece reaches 27.5%; Young people worst affected
On a similar note to James’ post about Greece’s economy, statistics from yesterday show that Greece’s unemployment numbers have risen to 27.5%. Their economy has had one of the worst rebounds since the...
View ArticleHousing Market Slows as Interest Rates Rise
The average rate on a 30-year fixed rate mortgage has risen to 4.32 as of Friday. This is up from 3.5 percent a year ago, according to Freddie Mac. These higher rates, combined with soaring home prices...
View ArticleUnemployment decline or restructuring?
The Labor Department posted what some would say are encouraging employment numbers this past Friday. Unemployment rates dropped in 29 states, remained unchanged in 11, and rose in 10. Meanwhile, hiring...
View ArticleEurozone experiences near record-high unemployment
A new report published today by the Eurostat statistical agency has shown that the unemployment rate of the Eurozone remains at 11.9%, just shy of its highest recorded unemployment rate, 12.1%, which...
View ArticleHead of IMF Says Global Growth Too Weak
The head of the IMF, Christine Lagarde, said Wednesday that the global economic recovery is not moving fast enough. She blames the crisis in Ukraine, low Eurozone inflation, and emerging market...
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