Europe’s migrant crisis is overheating

An estimated more than 40,000 migrants have landed in many parts of Europe recently, mostly landing in Italy and Greece. They continue to come into Europe from conflicted areas including Syria, Iraq, Afghanistan and many African counties. Many are coming in make shift boats and have been rescued at sea. Many lives have been lost […]

Look who is turning 80?

The Social Security system in the United States will turn 80 on August 14, 2015. Social Security is the sole source of income for one in four recipients. President Franklin D. Roosevelt signed the Social Security Act into law. But more than half of working Americans doubt that it will be there for them when […]

Singapore celebrates 50 years of independence

The city state nation is holding ceremonies to mark its 50th anniversary. It was ejected from the Federation of Malaysia and seen remarkable progress since its separation. Singapore is also a former British colony like many other countries in the region. Its 50th celebration festivities will include people singing the national anthem, parades, convoy of […]

Criticisms of the 1890 Antitrust Act

The Antitrust Act of 1890, also known as “The Sherman Act,” is an important piece of legislation that guides antitrust law today. It’s also highly divisive, with intentionally simple language meant to mimic common law. “Restraint of trade” is a concept that frequently comes into play. At the time, journalists were highly critical of what […]

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 […]