Author: Josh Adler
The article chosen this week is about the recent changes of the Cuban economy. Cuba for decades has struggled with its communist background, leaving its citizens sick and poor. Opponents of the regime have been arrested. After Raul Castro replaced his brother, Fidel, as leader the economy has been improving. Raul realizes that [...]

Continue reading...

Author: Josh Adler
This article is about the recent default of municipal bonds. Cities and towns all around the United States have been weighed down by large commitments in pensions and frivolous spending. On March 19th, Stockton became the largest city to default on its municipal bond loans. This default is important because now investors all [...]

Continue reading...

Author: Josh Adler
The article describes the declining rate of poverty around the world. The Economist states that the rate of poverty has decreased even though the world economic crisis is the worst since 1930s and the biggest food-price increases since the 1970s. The World Bank’s Development Research Group found that the number of people in [...]

Continue reading...

Author: Nishant Sheth
A recent article claims that that U.S. Jobless rate is at a 4 year low. The number of people on unemployed workers benefits fell last week to the lowest it has been in four years. Is this a sign the economy is improving? This is encouraging news after hearing recent reports that growth [...]

Continue reading...

Author: Josh Adler
This article mentions how the Arab countries are desperate for economic reform and that Arab countries have used government spending to quiet protests. Countries such as Saudi Arabia have increased spending by over 50% between 2008 and 2011. This level of spending cannot be sustained without an increase in revenues. The article explains [...]

Continue reading...