Federal Reserve hints at possible future interest rate increases
The minutes of the July 2023 meeting of the Federal Open Market Committee indicated that Federal Reserve officials may raise interest rates again in the near future in order to…
Mining Mongolia’s Copper
Australian mining company Rio Tinto recently began operations extracting copper from an underground mining complex at the Oyu Tolgoi mine in southern Mongolia. Originally opened in 2012 as an open…
What’s in Your (Digital) Wallet?
After decades of struggling with high rates of inflation, in 2001 the nation of El Salvador abandoned the use of its local currency, the Salvadoran colón, and made the US…
1.4 Million Jobs Added in August
Over 20 million jobs have been lost since the coronavirus pandemic began to impact the United States in early March. In March, a record 6.9 million people filed for unemployment…
Microsoft Replaces Dozens of Employees With Artificial Intelligence
BBC reports, dozens of Microsoft employees (outsourced through a media firm) were informed their services were no longer needed. They are being replaced with artificial intelligence and software that can…
T-Mobile & Sprint $30 Billion Merger Approved
After several months of legal proceedings, the T-Mobile and Sprint merger has been approved. The merger required approvals from the Department of Justice and the U.S. Federal Communications Commission. Through…
The Impact of COVID-19 on Religious Organizations
Churches across denominations all over the world have been severely impacted by COVID-19. Like several sectors in our economy, the religious sector was simply not prepared for a pandemic. Reportedly,…
Insurance Companies Refund Policyholders Billions of Dollars
Due to stay-at-home orders implemented around the world, malls, businesses, schools, universities, and more have temporarily closed or reduced operations. This has significantly reduced economic activity. Additionally, it has reduced…
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 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…