April 13, 2021

Spring is in full swing with seasonal showers leading to blooming flowers and growing lawns across the country. But with these idyllic scenes come unpleasant sounds as roaring leaf blowers and rumbling lawnmowers tear through American neighborhoods. Along with raising an almighty racket, these gas-powered machines also emit more pollutants than most cars and trucks. According to California’s Air Resource Board, a commercial leaf blower operating for one hour emits as many contaminants as a Toyota Camery driving for 1,100 Continue reading

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April 6, 2021

Starting in March 2020, new unemployment claims in the U.S. seemed to reach record levels every week as businesses closed all over due to the pandemic. And while that number has gradually been decreasing in recent months, thousands of people continue to file fresh unemployment claims each week. 719,000 workers filed for unemployment last week, an increase from 658,000 initial claims the week before.

Although the U.S. unemployment rate remains high, some experts are optimistic that the economy is on Continue reading

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March 30, 2021

Last week, one of the world’s most important commercial waterways shut down as a 200,000-ton vessel became lodged in the Suez Canal. After the enormous ship could not be removed immediately, experts started to worry that Ever Given would remain stuck for weeks and wreak billions of dollars in economic havoc. Then yesterday, the container ship was finally dislodged from the canal with the help of high-powered tugboats and an unusually high tide brought on by a full moon.

Now Continue reading

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March 18, 2021

Last week, Congress passed a $1.9 trillion stimulus package aimed primarily at easing the financial burdens that many Americans have felt during the pandemic. While previous stimulus bills were directed more towards businesses, this latest package provides $960 billion in aid towards individuals through $1,400 checks, unemployment coverage, and provisions for child care. The bill also includes tax credits as well as programs that seek to make rent, food, and healthcare more affordable.

According to economists, low-to-middle income Americans will Continue reading

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March 11, 2021

One year ago, the World Health Organization designated the coronavirus as a pandemic. Soon after that announcement, life in the U.S. changed utterly as offices, airlines, and professional sports leagues all came to a halt. And while the U.S. economy is beginning to recover as the vaccine rollout gains momentum, the coronavirus pandemic has had a seismic impact upon America and the rest of the world that will be felt for years to come.

More than 118 million cases of Continue reading

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March 4, 2021

In recent years, tech giants like Google have faced increasing scrutiny from international legislators and privacy advocates for tracking users across the Internet. Companies take this information and use it to personalize advertising based on someone’s previous browser history. Faced with building opposition to these potentially invasive practices, Google announced this week that it would stop using and investing in tracking technologies. 

“If digital advertising doesn’t evolve to address the growing concerns people have about their privacy and how Continue reading

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March 2, 2021

The coronavirus pandemic caused millions of people to lose their jobs last year and file for unemployment benefits, which were expanded several times through federal legislation. Now, many Americans are discovering that they owe taxes on these payments that were vital for them to make ends meet. For example, Erika Rose of Los Angeles has been on unemployment insurance since the start of the pandemic and has spent the winter stretching every penny to pay rent and utilities. When she Continue reading

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February 25, 2021

A couple of weeks ago, Texas’ power grid failed after a historic snowstorm and cold snap overwhelmed the state. As millions struggled without electricity or heat, those who had power potentially faced exorbitant electric bills because of changes Texas made to its utility system more than 20 years ago. Back then, much of the state switched from using regulated utilities to a deregulated market where customers could choose from a variety of power providers. As a result, nearly 60 percent Continue reading

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February 19, 2021

The recent frenzy surrounding GameStop stock caught even the most careful market observers by surprise as shares in the struggling retailer skyrocketed to unbelievable levels only to fall again soon after. This video looks at how regulators at the SEC are looking into the matter and the possible consequences that could fall on companies like Reddit and Robinhood. 

Questions:

  1. Why is the SEC investigating the recent stock market volatility surrounding GameStop and other companies?
  2. Do you think federal regulators Continue reading
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October 27, 2020

The stock market plunged in March as the coronavirus emerged in the U.S. but eventually recovered as some businesses reopened and consumers received economic relief. With cases once again on the rise, however, the combination of potential closings and a lack of another stimulus package caused the Dow to plummet by 650 points on Monday. “Financial markets are getting a reality check, as investors come to terms with the failure of Congress to agree to a pre-election stimulus package and Continue reading

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