Greek debt saga takes a dramatic turn

New government in Greece came into power vowing to renegotiate Greek debt. Greece owes more than $271 billion mainly to the European Central Bank (ECB) and the International Monetary Fund (IMF). An installment of $1.72 billion is due to the IMF at the end of June 2015 and rumors are floating that Greece may default […]

Will Greece leave the European Union?

Greece and the European Union (EU) are making headlines again these days. The current government in power in Greece wants to renegotiate bailout money they received from international lenders, the Euro Zone and the International Monetary Fund (IMF). Greeks put the new government in power hoping that austerity measures that make their lives more difficult […]

UK election results tell a troubling story

Sharing power has been the norm for the United Kingdom (UK) for years. But recently concluded UK elections gave enough seats in the parliament for the current Conservative party Prime Minister David Cameron to form a government without having to seek help from any other party. It may be somewhat unexpected but the win has […]

What is Aggregate Demand?

By Samuel Phineas Upham Understanding the limits of demands for a particular good is an important part of macroeconomics. If a country has an export, it needs to consider how important that good is to both the rest of the world and the local economy. The aggregate demand represents how much households are willing to […]

Migrant crisis brewing in the Mediterranean Sea

Stories of migrant tragedies happening daily in the Mediterranean Sea are dominating newspapers and the Internet. The issue has become the latest European crisis. From the North African coast to southern coast of Italy and Greece, reports of capsized boats carrying migrants mainly from the African continent are coming across news media daily. So far […]

Devastating earthquake hit Nepal

An estimated 7.8 magnitude earthquake hit the hilly nation of Nepal on April 25, 2015 around mid-day. Some estimate the intensity of the earthquake to be 8.1. Initial reports also indicate the epicenter of the earthquake to be located at the village of Barpak in Gorkha district at a depth of 9.3 miles below the […]

The Fight of the Century

A boxing fight between Floyd Mayweather and Manny Pacquiao is schedule for Saturday, May 2, 2015 and is known as “the Fight of the Century.” The fight was announced earlier this year and the fight for the welterweight world title is to take place at MGM Grand in Las Vegas. It is been dubbed as […]

Yemen is in turmoil

Yemen in the Arabian Peninsula is in crisis. Competing forces are fighting for power inside the country while Saudi Arabia, the neighbor to the North is shelling the country to stop Iranian foothold in the country. Fight for power in Yemen has consequences for neighbors as well as countries throughout the world. Forces loyal to […]

Jihadi John identified

The U.S. authorities have identified the brutal killer Jihadi John in ISIS videos as 27-year old British man named Mohammed Emwazi. He appeared in highly publicized video beheadings by the ISIS. He is responsible for beheadings of number of captives in 2013 and 2014. Born in Kuwait in 1988, Emwazi came to the United Kingdom […]

Tim Cook’s Quiet Ascension Through the Ranks of Apple

By Phineas Upham Tim Cook told the graduating class of Auburn University in 2010 that joining Apple led him to the most significant discovery in his life. He’d joined Apple 15 years before, and would soon become the CEO of the company. Cook graduated from Auburn in 1960, so the speech was a return to […]