Meet the economists Daron Acemoglu, Simon Johnson, and James Robinson - they just won the Nobel Prize for their fascinating work on global economic inequality. These guys are from MIT and the University of Chicago, but none of them were born in the US. They've been looking into how colonialism shape
On Monday, Asian shares took an upward leap, with Chinese stocks soaring over 1% after the finance minister hinted at more economic support. While U.S. futures remained steady and oil prices dipped, investors worldwide held their breath for more details on China's new stimulus plan. Experts believe
China has been trying to revive its economy by offering support to the struggling property sector and local governments with heavy debt loads. However, recent updates from Finance Minister Lan Fo’an have left economists scratching their heads. They're wondering if the government is truly committed t
A comet named A3, which hasn't passed by Earth in 80,000 years, recently made an appearance in the skies of South Carolina. This comet, originating from the distant Oort Cloud, is a rare sight. The Oort Cloud is a vast region filled with icy bodies and debris, believed to be remnants from the format
Lately, China's economy hasn't been having the smoothest ride. After the government released a stimulus package, the Shanghai and Hong Kong stock markets took a dive. Why? Because investors felt the measures didn't hit the mark. All this is happening while youth unemployment is high, prices are risi
China's Finance Minister, Lan Fo'an, recently suggested that there's room for more economic stimulus, but he didn't reveal any specific plans. This could mean new steps to boost the economy in the future, but what those might be is still a mystery. China's economy hasn't been doing great even after
China's Finance Minister, Lan Fo’an, hinted at possible economic boosts on Saturday but didn't reveal any concrete plans. This comes after the economy's slow recovery from COVID-19 restrictions lifted in late 2022. Companies are cautious, cutting back on jobs and pay, while a struggling property mar
This year, the Social Security Administration announced a 2.5 percent cost-of-living adjustment (COLA). This means that those receiving Social Security benefits will see a slight increase in their payments. Why the change? Well, it's all about inflation. Last year, the COLA was 3.2 percent, and in p
Many people believe that Donald Trump was a good president. But is that true? Let's take a closer look at his record. First, the economy. Trump left the U.S. with a huge deficit, the largest in history. He cut taxes and spent a lot, leaving a debt that our kids and grandkids will have to pay off. T
In the small Welsh town of Wrexham, something amazing is happening. The town, known for its market, mining, and brewing history, is now drawing visitors from all over the world. The reason? Hollywood celebrities Ryan Reynolds and Rob McElhenney bought the local soccer club, Wrexham AFC, in 2021. The
