What we refer to as leftwing economics is not monolithic. Communism, socialism, and liberalism are prominent political ideologies that have distinct approaches to economics. By examining their economic systems and views on private ownership, we can better understand the similarities and differences among these ideologies. This essay focuses on comparing and contrasting the economic aspects… Read More »
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 »
by Lydia DePillis ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox. The federal government has quietly reversed course on a policy that had kept thousands of businesses from applying for pandemic economic aid, with only weeks to go before funds… Read More »
Seth Schindler, University of Manchester and Tom Gillespie, University of Manchester The African Union’s flagship Agenda 2063 initiative prioritises large-scale infrastructure development and promises to “link the continent by rail, road, sea and air”. This is being undertaken in parallel with efforts to improve economic integration. In 2021, the 54 countries on the continent made… Read More »
By Paul Kiel The IRS on Tuesday announced that it would develop an experimental online tool to allow Americans to file taxes directly with the agency for free. It’s a major development — one in which ProPublica’s reporting played a significant role — given that most U.S. taxpayers pay to file and the tax preparation… Read More »
5/10/2023 – Michael Humphries, Touro University Congressional leaders at loggerheads over a debt ceiling impasse sat down with President Joe Biden on May 9, 2023, as the clock ticks down to a potentially catastrophic default if nothing is done by the end of the month. Republicans, who regained control of the House of Representatives in… Read More »
The history of the U.S. debt limit process dates back to the early years of the United States. Here’s a brief overview of its history and the reasons behind its establishment: Founding Years: The U.S. Constitution, ratified in 1788, granted the federal government the power to borrow money. However, concerns about excessive debt and the… Read More »
Striking workers picket outside of Warner Bros. Studios on the second day of the Hollywood writers strike on May 3, 2023, in Burbank, Calif. David McNew/Getty Images David Arditi, University of Texas Arlington The current Hollywood writers strike has drawn international attention to the plight of TV and film writers in the streaming era. Much… Read More »
(NewsUSA) – The past few years have upended many perceptions of financial stability. A layoff or career change, inflation never before seen by younger generations and the lingering uncertainty of the pandemic might have thrown off your financial planning. The new year is a great time to review your strategies for smart spending and saving so… Read More »
(NewsUSA) – “To say we were disorganized is putting it mildly.” Like so many Americans, they didn’t have a plan for their money. The problem is often not how much money a family makes, but that they have no idea what they’re spending it on. Seventy-eight percent of full-time workers say they live paycheck to… Read More »