Why so many people buy from designer brands

Designer brands have a choke hold on many Americans with them running to go buy pieces from the latest collections, but why would so many people buy from brands like Gucci or Hermes? Around 38% of Americans bought luxury shoes in 2018 with a large proportion of them not even able to afford their purchases. A completely rational person would always act in their best interest, avoiding debt or making purchases that would better suit their income. However, people don’t act rationally, many people would rather spend thousands of dollars on a luxury branded bag with a similar quality and Continue reading Why so many people buy from designer brands

Chat GBT:effects on capitalism and how the individual can capitalize

In November of 2022, we opened Pandora’s box. Throughout our society’s history, we have had many advancements, such as the internet, electricity, and indoor plumbing. In 20 years, we will be putting Chat GBT in the same regard as these singular inventions or entities that created a movement. In this case, it is the start of the artificial revolution. With all this new information out in the world, what do we need to know, how should we act on that information, and what does it mean for our future careers and educational systems? With this significant shift, some of the Continue reading Chat GBT:effects on capitalism and how the individual can capitalize

Personal Consumption, Do Valuation of the Music Itself.

Ryuichi Sakamoto, Oscar-Winning Composer, Dies at 71 I have never thought that the online piano playing recording stream of Mr. Ryuichi Sakamoto I watched at the end of 2022 would be the last farewell to this professor. I’m not a fan of Ryuichi Sakamoto. I know him, though not much. In fact, If it wasn’t for an almost fanatical recommendation from one my friend who studied music in Japan, I would not know that he is the creator of “Energy Flow” and “Merry Christmas, Mr. Lawrence“, which I looped frequently when I was junior high. Pandemic, unemployment, economic recession, every Continue reading Personal Consumption, Do Valuation of the Music Itself.

Is the Social Security System Failing?

As of today, 90% of U.S. retirees rely on the social security system as a major source of income during their retirements (Social Security Administration). However, future retirees are facing a crisis as the collective pool of money has shrunk significantly, leading many to doubt the long-term viability of social security. To explain this trend, it’s important to understand the fundamentals of our current social security system. The social security system works as two dynamic pools of money that every tax paying American contributes to automatically through our current tax system during the course of their professional life. Everytime payment Continue reading Is the Social Security System Failing?

How 3D printing is changing manufacturing

3D printers have helped change the manufacturing process by allowing individuals to innovate at home at lower costs and without the need for big factories or hundreds of thousands of dollars. You can make almost anything with a 3D printer as long as you have some sort of software to design the product, some filament, and a 3D printer. There isn’t even that much time needed for a print, with the average lasting less than 24 hrs. You don’t need to have a business to use a 3D printer, you can buy a pretty good one for a couple hundred Continue reading How 3D printing is changing manufacturing

Climate Inequality

Climate inequality is one of the many harms that will come with climate change. Climate inequality is the phenomenon that climate change will disproportionately harm low and middle-income countries. Countries in the Global South are at a geographical disadvantage when it comes to climate change, these countries are often closer to sea level and warmer. This subjects the Global South to harsher effects of increased temperature and rising sea level, as well as the onslaught of natural disasters that is to come. The Global South is not well equipped for these effects. The infrastructure and economies of many of these Continue reading Climate Inequality

A Quick Introduction to Charter Schools

     Charter Schools are tuition-free schools independent of their respective school district that receive government funding.  Only about 6% of students across the US attend charter schools and students are generally selected through a random lottery. They are given the freedom to specialize in an academic subject, like language or arts, but are still held accountable for state education standards. They help broaden families’ options, especially low-income, those who live in poor public school districts, or non-native speakers. Charter schools opening in communities lacking a good public school help bring a lot of economic activity. The school is able to Continue reading A Quick Introduction to Charter Schools

Quick Glance: Fed Rate Hike and SVB Collapse

The 2008 financial crisis caused Lehman Brothers, the fourth-largest investment bank in the United States, to declare bankruptcy. There was the largest bank failure since the Great Recession of 2008 and the second largest in the U.S. history on March 10, 2023. Silicon Valley Bank (SVB, the 16th largest bank), suddenly announced its bankruptcy, 48 hours after its assets could not repay its debts. Its collapse causes panic in the financial technology industry across the United States. According to SVB’s main service targets are technology start-ups in Silicon Valley, this moment is like the “Lehman moment of the technology industry”. Continue reading Quick Glance: Fed Rate Hike and SVB Collapse

The Chelsea Corruption:what goes on in financial fair play?

Over this winter transfer window, Chelsea FC has broken history in the transfer market. Throughout this window, the club has gone from signing major marquee signings to splashing significant cash on utility players. Two of the most notable signings came from the young Ukrainian player of the year, Mudryk. The flashy argentine Enzo Fernandez, who ended this year winning the world cups young player of the year, is a pivotal piece of the success Argentina experienced in winning the World Cup. Accumulatively, Chelsea football club has now spent a lucrative amount of 600 million dollars within the last year. This Continue reading The Chelsea Corruption:what goes on in financial fair play?

Earphones: Wired or Wireless

This Monday, I had a debate with a friend about an interesting topic. Now it’s 2023, are you one of the wired earphone users or a Bluetooth headphone fan? The attracting point is that with the advancement of wireless headset technology, the convenience it brings to daily users is gradually occupying the sales market of wired earphones. But clearly, the two are still not perfect substitutes for each other. At least in 2022, we still have 10 unavoidable considerations of reasons for wired headphones, especially for avid music lovers and professionals who are seeking for sound quality. The simplest touch, Continue reading Earphones: Wired or Wireless