China is expected to announce a “tough economic sanctions” package, according to Chinese media reports, in an attempt to stifle Western criticism of its human rights record.Key points:Reports say the sanctions will be aimed at limiting Western influence in ChinaThe sanctions could include a ban on Western companies from buying Chinese goodsChina is expected, at […]
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How to quantify economic costs for the 2019 World Cup
A new metric called the “economic cost” for the 2020 FIFA World Cup in Russia has been developed.It will help gauge the economic costs of hosting the tournament in Russia as well as how much it will cost to play the tournament.The metric uses a three-factor scoring system, in which factors include population, infrastructure and […]
Which of these is better?
Classical Economics, or Keynesian economics, is the economic view that argues that if you want to maximize the output of a market, then you should invest more in your economy.That means you should spend less and create more, with the aim of producing more goods and services for everyone.It’s the basis of all free markets, […]
US: Banks, companies have to show they are safe in a financial crisis
Businesses, banks and the Federal Reserve are under pressure to prove they can survive a financial crash, with US officials telling lawmakers that a lack of clarity over how the crisis will be handled is making it difficult for banks and businesses to do their due diligence.Key points: The US Treasury has said it has […]
How to get your first internship with a startup
Tech industry insiders have some advice on how to get their first internship in a startup.The process starts with finding an internship in your industry and making sure it’s suitable for you.For many people, they’ll have to spend a lot of time looking through the applications and applying.Here’s what to do:Start by choosing your job […]
When the economy is falling and the economy needs to catch up
The economy is slowly starting to recover from the Great Recession and is now on track to grow at a faster pace than at any time in its history, a new report from the Congressional Budget Office says.The unemployment rate is now 6.4 percent, slightly below the 9.9 percent peak in late 2009, but the […]
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