Dow Jones Drops by Nearly 3,000 Points in One Day
Fears over the spread of coronavirus have upended daily life for millions of Americans and countless businesses. The CDC has recommended that organizations cancel any events with 50 or more…
Major Sports around the World Temporarily Shut Down
Due to concerns about the spread of coronavirus, representatives from athletic leagues across the globe have announced that they will temporarily halt play. On Wednesday, the National Basketball Association was…
Demand for Hand Sanitizer Skyrockets by More than 1,000 Percent
Last week (see From the News to The Classroom blog site) we looked at how fears over coronavirus have caused major events to cancel and governments to restrict travel. Since…
Coronavirus Closures Lead to Layoffs
On March 11th, 2020, the World Health Organization officially classified coronavirus as a pandemic, causing the Dow Jones Industrial Average to plummet by nearly 1,500 points. This rapid decline in…
Where Does Profit Come from in the Payments Industry?
The recent development in the payments industry, namely the rise of Fintech companies, has created an opportunity to revisit the economics of the payment system and the puzzling nature of…
Is Labor Market Signaling the Weakening of Macroeconomic Models?
U.S. labor department's latest statistics, published on January 10th, suggested that the unemployment rate remained at a 50-year low of 3.5 percent. However, the same report indicates thatU.S. wage growth dropped below…
Is the Recent Buyback Spree Creating Liquidity Problems for the Dealers?
The anxiaties about large financial corporations' debt-funded payouts—aka "stock buybacks"—is reemerging a decade after the financial crisis. Companies on the S&P 500 have poured more than $5.3 trillion into repurchasing…
Is Debt a Sin?
In the recent world bank report published in the first week of January, the Washington D.C.-based group said there had been four waves of government debt accumulation over the last…
Is the Fed Losing Steam in Controlling Interest Rate?
As the final countdown to bring in 2020 begins, new concerns have emerged regarding the Fed's continuous ability to control the interest rate. Developments in the financial market such as…
Paid in Full? The Student Loan Crisis
Student loan debt is a universal crisis in our nation that is transcending race, age, and gender groups. A CNBC report illustrates that while student loan debt has slowed in…