Made in Vietnam
Think that new iPhone you just got was made in China? Perhaps, but it also may have been made in Vietnam or India. That’s right, Apple, like many other companies,…
China’s Population is Declining – Too hot, too cold, or just nice for its Economic Development?
On Tuesday, January 17th, 2023, China’s National Bureau of Statistics released the country’s population data to be 1.41175 billion in 2022, and reported that there was a fall of about 850,000 Chinese…
Understanding the U.S. Labor Market – A January 2023 Snapshot
According to the Federal Reserve Economic Data (FRED) website, April 2020 recorded the highest unemployment rate during the COVID-19 pandemic at 14.8%. As of January 2023, the unemployment rate reduced to…
U.S. Government stepping in to avert nationwide Railroad Strike
Photo by Acton Crawford on Unsplash On Friday, December 2nd 2022, President Joe Biden signed into legislation to block a national U.S. railroad strike. A day earlier, the Senate voted…
Voters Choose to Raise Minimum Wage and Expand Medicaid
Photo by Manny Becerra on Unsplash Voters in Nebraska, Nevada, and Washington DC took to the polls to raise minimum wages. Nebraska will raise their minimum wage from its current…
Baby Formula Crisis!
Photo by Kelly Sikkema on Unsplash Events leading up to the current baby formula crisis is summarized in the CNBC video released on June 15th 2022: In February 2022, the…
Amazon Prime – an example of price discrimination?
Photo by Tumisu on Pixabay.com On Friday, February 18th 2022, the retail giant, Amazon is raising its “Amazon Prime” service rates for new customers from $119 per year to $139…
The Guac is Going to be Extra
Photo by Isabella and Zsa Fischer on Unsplash.com The US has announced it is suspending all imports of avocados from the Mexican state of Michoacan. At the heart of the…
The Citrus Market is Getting Squeezed
Photo by: RaquelxBaires After years of declining demand, orange juice sales have hit their highest level since 2016. Health-conscious consumers, who had previously shied away from OJ due to concerns…
U.S. Government Debt hits $30 Trillion!
U.S. Capitol Building, Washington D.C. On Tuesday, February 1st 2022, the U.S. Treasury Department published the total public debt outstanding hitting $30 trillion dollars! This includes the increased in spending…