Veeps is an online streaming platform that music artists can use to live stream concerts and other performances. Brothers Benji and Joel Madden first created the platform to allow artists to sell VIP Tickets. However, Veeps made a complete turnaround just in time for the pandemic. When the pandemic first struck, artists were devastated because they had to cancel their concerts. In a time when it is unsafe to engage in big gatherings or go to in-person concerts, Veeps offered a safe solution for artists that allows them to live stream concerts and performances. Artists like Brandi Carlie, Liam Payne, Continue reading Veeps: Could it Save Emerging Musical Artists?
The global pandemic has disrupted supply chains in the US and worldwide: in the first half of 2020, US imports fell by 17%, while US exports fell by nearly 25%. This leaves the US with considerable deficit. While the US has run deficits in international trade since the 1970’s, the current trade situation is especially dire: the events of 2020 have widened our deficit by nearly 20% (Leibovici and Santacreu 2020). The decline in net exports, a crucial component of real GDP, is another factor in the drop in aggregate demand brought on by the pandemic (Figure 1). There are Continue reading US exports are declining. How should we address it?
The novel coronavirus pandemic has ravaged supply chains, livelihoods, and above all, human life and health. While the best strategy for managing America’s abrupt economic downturn is a subject of controversy, I think we can all agree that the virus has caused unprecedented economic crisis. The most rapid effect of the onset of COVID-19 outbreaks and the accompanying lockdowns was a negative shock to aggregate supply. Most US firms could not continue to produce output at the same level as before, causing a nationwide shortage of goods and services while simultaneously increasing the price level. US consumers were faced with Continue reading How has the coronavirus affected the US economy? A brief overview
Fiscal expansionary policy is characterized by the government adjusting its spending levels and tax rates to increase aggregate demand. Fiscal expansionary policy has the most direct and immediate impact on the nation’s economic health, whereas monetary policies take time we do not have to take noticeable effect. We are in an emergency situation in which American citizens and small businesses urgently need relief; therefore, fiscal policy is the best solution. Combatting COVID-19 through fiscal policy would involve government spending of some kind. This could take the form of individual stimulus checks that everyone receives, a rent relief bill for households Continue reading The case for supporting small business with fiscal policy
We all know about The Office, the dry humor-filled sitcom about coworkers desperately trying to get through the day while working for a paper company. Well, many of the actors from The Office just so happen to be on Cameo. Some of your favorites include Oscar Nunez ($190), Melora Hardin ($299), Kate Flannery ($180), Leslie David Baker ($300), Paul Lieberstein ($495), and last but certainly not least, Brian Baumgartner ($195). Brian Baumgartner has the most significant presence on Cameo out of all of the actors. Although he did not charge as much as some of the former coworkers, he certainly Continue reading Cameo: B-Listers Do It Again Bringing in the Big Bucks
I have been trying so hard to convince the 101 students I CA for to join the econ department. This is my last attempt to steer them to the world of game theory and IS-LM models. Looking back on my first year at UPS, I realize I had no idea what economics actually was when I enrolled in the class. I must have thought it had to do with printing money. Thankfully, whatever 19-year-old Rachel had thought encapsulated the world of economics was incredibly wrong, and I ended up thoroughly enjoying the class, despite my confusion. I decided late into Continue reading Micro, Macro, and Keanu Reeves: Why you should join the econ department
A lot of college senior this year graduated on online. In fact, a family friend of mines did not even attend their online graduation ceremony because they felt like there was no point. This same feeling, the feeling of having no direction or income is what a lot of college graduates during this year feel. Searching for any form of job right out of college is always hard but now trying to do that during a global pandemic and an economic meltdown seems even more hopeless. Many students, this year have either lost their jobs on campus, around town, internships, Continue reading What is the next stage of life after college graduation student during a pandemic?
The dating gap for women who are looking for love is a real thing. The modern world and the influences of technology have changed what is valued when it comes to finding a partner, and while technology has improved the lives of many individuals, it still seems as though heterosexual, well-educated women still remain to be at a disadvantage when it comes to finding love online. When searching for ‘Mr. Right,’ many women who are college-educated with a degree tend to seek and find it important to be with partners that have similar educational credentials. The problem then comes to Continue reading Why College-Educated Women Can’t Find love
It is no surprise that this year is like none other year. A lot of things this year have been canceled including graduations, summer traveling, birthdays, Halloween, Thanksgiving, and any other holidays or form of celebrations. With the cancellations of holidays, the economy is bound to be effected in some way. Especially, with unemployment numbers hitting a record high each month and the number of lives taken by COVID is record-breaking daily. This fast track of unfortunate events can leave a lot of people to feel a sense of hopelessness during months like November and December where family come together. Continue reading Holiday Shopping During A Pandemic
Should money be a factor in a relationship or when finding a partner? Some think that money should be a factor while others believe that it should not but what does economics say? Money for a lot of people is a form of signal that indicates stability, freedom, and comfort. One can think about this as how getting a degree is a signal. In a job-market signaling model, potential employees could send a signal of their ability level to the employer by acquiring a college degree or some form of education to serve as a form of credentials. The informational Continue reading Money in Relationships