Tag Archives: Economies

Analysis: Is New York City At Risk Of Bankruptcy?

Mass unemployment, colossal bankruptcies, and a shattered tourism industry have ravaged New York City during the coronavirus pandemic. In January 2021, Governor Andrew Cuomo proposed raising taxes on the wealthy, while cutting Medicaid and school spending to balance the multi-billion dollar budget deficit. Opponents say tax hikes could lead to a mass exodus of the wealthy New Yorkers who fund a large portion of the city’s revenue. Others say that the crisis has exasperated existing inequalities and cutting social services will only hurt those most affected.

Video Analysis: How Vaccine Passports Can Kick-Start The Economy

Vaccine passports are likely to become a feature of everyday life as lockdowns are lifted across the world. But as “green passes” kick-start economies, what are the potential drawbacks? Read more of our coverage on coronavirus : https://econ.st/397Mkxq

Europe: An Economic History Of Portugal

In the lead up to the Eurozone Crisis, Portugal’s Economy was an outlier. Whilst many economies went on an incredible run, the Portuguese Economy did not have such a good time. Not only underperforming the average eurozone growth rate, but unemployment actually rose from 3.8% to 7.5% between the millennium and 2008. Compare this against the likes of Greece, Spain and Italy, all of which had seen significant declines in unemployment. Raising the question of why? Why had Portugal’s Economy stagnated in what were supposed to be the good times? What was the impact of its long history as a colonial power? And to what extent did a 19th Century letter from Pope Leo the 13th influence its wider economic approach?

Africa: ‘An Economic History Of Egypt’ (Video)

The Egyptian Economy was the only one in the Middle East North Africa region to avoid a recession in 2020. Being a good reflection of the economic rollercoaster Egypt routinely finds itself on. One driven by inflation rates of up to 30% a year, a halving of its currency and a painful IMF bailout in 2016. But how did Egypt’s Economy find itself in this situation? What impacts did Five Year Plans, spending nearly 20% of GDP on the military and widespread nationalisation have on its economy? Why is Egypt the world’s largest importer of wheat? And perhaps most importantly, what has its post 2011 revolution delivered?

Egypt, a country linking northeast Africa with the Middle East, dates to the time of the pharaohs. Millennia-old monuments sit along the fertile Nile River Valley, including Giza’s colossal Pyramids and Great Sphinx as well as Luxor’s hieroglyph-lined Karnak Temple and Valley of the Kings tombs. The capital, Cairo, is home to Ottoman landmarks like Muhammad Ali Mosque and the Egyptian Museum, a trove of antiquities. 

Analysis: ‘Why Big Tech Companies Are Leaving California’ (CNBC Video)

As Oracle, Palantir and Hewlett-Packard Enterprise move their headquarters out of California and Elon Musk moves to Texas, California is considering raising taxes on the wealthy to unprecedented levels. Experts say California needs to find more ways to reverse the trend.

Europe: ‘An Economic History Of Poland’ (Video)

The Polish economy was the fastest growing European economy over the last two decades, being the only one to avoid a recession following 2008. Outperforming other post communist nations, to become the first to reach developed status. However it’s fair to say that Poland often receives less attention than it deserves. Despite regularly being touted as Europe’s growth engine. This raises all sorts of questions, like how has Poland’s Economy done so well? Why do under 26 year olds pay less income tax and whether, as some have suggested, it can catch up with Germany’s average income by 2040. Is Poland a Tiger Economy?

Poland, officially the Republic of Poland, is a country located in Central Europe. It is divided into 16 administrative provinces, covering an area of 312,696 square kilometres, and has a largely temperate seasonal climate. 

World News: Killing Coal, Biden & Iran And Taiwan’s Resilient Economy (Dec 6)

A selection of three essential articles read aloud from the latest issue of The Economist. This week: killing coalJoe Biden and Iran (10:30), and how Taiwan’s economy remains resilient (16:20)

Baby Boomer Economics: American 50+ Population Would Be World’s Third Largest Economy (AARP)

From an AARP.org online article:

AARP Real Possibilities logo“As the number of people over 50 grows, that age cohort is transforming markets and sparking new ideas, products and services across our economy,” AARP CEO Jo Ann Jenkins says. “And as people extend their work lives, they are fueling economic growth past the traditional retirement age.

AARP People 50+ are a growing economic engine that benefits society now and in the future December 20 2019

Americans age 50 and up contribute so much to the U.S. economy that they’d constitute the world’s third-largest economy if they were counted as their own country, a major new AARP study finds.

The economic contributions of 50-plus Americans totaled $8.3 trillion last year, which puts them just behind the U.S. and China when measured by gross domestic product.

And that economic impact will grow significantly in decades to come, tripling to more than $28 trillion by 2050 as millennials and Generation Z begin to turn 50 in 2031 and 2047, respectively, the report finds.

To read more: https://www.aarp.org/politics-society/advocacy/info-2019/older-americans-economic-impact-growth.html?cmp=EMC-DSO-NLC-RSS—CTRL-122019-P1-4245164&ET_CID=4245164&ET_RID=46870725&encparam=tVgeMOhoNxx%2bfrc9AGTzSoruA9hrsex1YvrQ7Ez59ks%3d