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Category Archives: Featured
Russia facing fresh sanctions, but Putin used to dealing with struggling economy
Yerzhan Tokbolat, Queen’s University Belfast and Moldir Mukan, Queen’s University Belfast The UK and the EU have agreed to hit Russia with a raft of new economic sanctions after hopes of a ceasefire with Ukraine came to nothing. One French minister commented that it is time to “suffocate” the Russian economy. Since the country’s fullscale… Read More »
If you really want to close the US trade deficit, try boosting innovation in rural manufacturing
By Amitrajeet A. Batabyal, Rochester Institute of Technology – President Donald Trump has long been preoccupied by the trade deficit — the gap between what the U.S. sells to the rest of the world and what it buys from it. He recently declared the issue a national emergency and used trade deficit data to calculate… Read More »
Happy Birthday to the Laffer Curve!
Arthur Laffer is an American economist best known for his work in supply-side economics, particularly the concept now known as the Laffer Curve. He served as an economic advisor to several U.S. presidents, notably Ronald Reagan, and is often credited as one of the intellectual architects behind the Reagan-era tax cuts in the 1980s. 🔁… Read More »
Is Trump’s Tarrif Dream a Nightmare?
President Trump fancies himself as antiwar, but not when it comes to a trade war. Trump has upended conventional Republican economic policies by using tariffs, a tax on imports, to coerce changes in American’s trade relationships with the world. President Trump has convinced a lot of conservative economists to support is tariff policies in a… Read More »
How Test Automation Helps US Startups Scale Project
By Evelina Brown – Explore how test automation services empower US startups to scale efficiently. Learn about CI/CD, unit testing, and cost-saving strategies. Working in a startup is always a race against time. Teams immersed in the world of Agile development know how startups in the US strive to quickly launch a product, attract users, and… Read More »
The Role the Law of Supply and Demand Plays in YOUR Life
Adam Smith’s Law of Supply and Demand, also known as the law of markets, is a fundamental principle in economics that describes the relationship between the supply of a product or service and the demand for that product or service. According to this law, the price of a product or service in a free market… Read More »
Big Data + AI = Economic Growth!
Big data is integral to the advancement and operation of Artificial Intelligence (AI). The interplay between big data and AI is interdependent: AI frameworks need extensive data to gain insights, forecast outcomes, and enhance over time, whereas big data supplies the foundational resources essential for training and evolving AI technologies. The primary functions of big data in AI include: 1. Training AI ModelsA fundamental application of big data within AI lies in the training phase. Machine learning (ML), a branch of AI, depends on substantial datasets to uncover trends and develop predictive models. The broader and more varied the data, the more proficiently the model can adapt and function with novel data. For instance:… Read More »
Tourists are cancelling trips to the US. Here is how it affects the economy
By Ross Bennett-Cook, Leeds Beckett University The United States is one of the top three most visited countries in the world. The big draw cards – cities such as San Francisco, New York and Chicago and national parks such as Yosemite – have attracted international tourists for decades. This combined with its role as a… Read More »
Good debt vs. bad debt: Understanding the difference
By Viola Lailee – Debt is something to be avoided at all costs, but not all debt is bad. Some types of debt can help you build wealth, secure better financial opportunities, and improve your quality of life. The key is knowing the difference between good debt and bad debt—and how to manage both wisely.… Read More »