Las Vegas has invested billions into sports. Will it pay off?
Las Vegas was the home of 2024’s Super Bowl 58. As the current host of the one of the biggest sports events in the world, we must note that the…
When the Federal Government Steps in
Fiscal policy is determined by the federal government on three levels: (1) changing tax structures to maximize revenue collection, (2) regulating government spending based on the pulse of current economic…
GDP in 2020 Dropped to Lowest Point Since World War II
Last year, the U.S. economy shrank by 3.5 percent as Americans had their lives turned upside down by the coronavirus pandemic. This made 2020 the worst year for growth since…
U.S. Economy Contracted By More than 32 Percent
From April to June 2020, the U.S. GDP plummeted at an annual rate of 32.9 percent, the worst drop on record. As businesses closed across the country due to the…
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…