The Debt Crisis: Where Do We Go From Here?
The fiscal health of the federal government has rapidly deteriorated and needs repair. But, if the nation’s leaders are to fix this issue, then they will have to implement major reforms, despite how politically unpopular they may be.
The West African miracle in danger?
The nation has had consistent growth in recent years thanks to its diverse economy and strong manufacturing, agriculture, and service sectors. To sustain the nation's economic progress, the Ivorian government must take more steps to ensure the country is prepared for extreme weather events, regional conflict zones, and financial pressures.
How Do We Define “innovation”?
Silicon Valley and Israel, Breznitz argues, made the mistake of conflating “innovation” with “invention”. Billionaire Peter Thiel coined the term "zero to one" to describe technologies that disrupt industries, driving new markets and technologies from nothing. However, this guiding mantra kept them blind to the pitfalls of such disruption and the missed opportunities that were right under their noses.
A deeper look into the collapse of Silicon Valley Bank
Central U.S. monetary and financial policies led to the demise of SVB. They sparked vulnerabilities within the entire global banking system, but a recession is not to be feared for now.
Where Oil and Wild Life Collide
President Joe Biden set any US president's most ambitious climate objective during his first months in office: to decrease carbon emissions by more than 50% by 2030. With the Arctic warming nearly four times faster than the rest of the world, the Willow Project would constitute a futile misdirection of the climate goals set earlier this month.
Is it Time for the United States to Restructure its Debt Limit?
On January 19th, 2023 the United States came face to face with the worst debt ceiling crisis it has ever seen…since 2013. The history of America’s debt ceiling can seem like an endless carousel of crises followed by hyper-partisan political standoffs and national division.
Taking Preferences Seriously
Instead of something riveting, you start off your economics career with what may be the most boring material possible: consumer preferences. Worse still, the professor drags on and on about weird concepts like utility functions and ‘transitivity’. After the day ends, you wonder: Is this really what economics is all about?
Funky Ghana 2030 Bond
Hardly the kind of uncertainty a guaranteed bondholder wants to think about.
Sleepwalking towards the fiscal cliff
The time has come again when Congress pretends to walk off the fiscal cliff in exchange for some political concessions. As the US federal government passed its 31.4 trillion USD debt ceiling and the Treasury began invoking extraordinary measures to avoid defaulting on Treasury security debt, X-date approaches ever quicker.