Category Archives: Economics

Bankruptcy courts ill-prepared for tsunami of people going broke from coronavirus shutdown

Paige Marta Skiba, Dalié Jiménez,  Michelle McKinnon Miller.  Pamela Foohey, & Sara Sternberg Greene | May 13, 2020 As more Americans lose all or part of their incomes and struggle with mounting debts, another crisis looms: a wave of personal bankruptcies. Bankruptcy can discharge or erase many types of debts and stop foreclosures, repossessions and wage garnishments. But… Read More »

Rich folks aren’t that stingy after all

By Benjamin A. Priday | May 7, 2020 At least half of American families have been giving money to charity every year – but that fraction had been declining prior to the global pandemic. We’re living in a very different world now. Millions are unemployed, the needs of nonprofits are ballooning and there are constant… Read More »

Both conservatives and liberals want a green energy future, but for different reasons

Deidra Miniard,  Joe Kantenbacher, &  Shahzeen Attari | May 5, 2020 Political divisions are a growing fixture in the United States today, whether the topic is marriage across party lines, responding to climate change or concern about coronavirus exposure. Especially in a presidential election year, the vast divide between conservatives and liberals often feels nearly impossible to… Read More »

Should Bitcoin Replace Currency of Central Banks?

By P Mathivanan  |   January 13, 2020 Distinction between Bitcoin and Currency of Central Banks What is the difference between central bank authorized currency and Bitcoin? The bearer of central bank authorized currency can merely tender it for exchange of goods and services. The holder of Bitcoins cannot tender it because it’s a virtual currency not… Read More »

The ‘yield curve’ is one of the most accurate predictors of a future recession – and it’s flashing warning signs

  By Julius Probst | July 12, 2019 More than ten years on from the global financial crisis and economies around the world are still struggling to fully recover. The latest data is not promising. International institutions such as the OECD, IMF and World Bank have all recently downgraded their growth forecasts for the current… Read More »