Some of the worst performing currencies of the year include the Turkish lira and the Argentinean peso, declining by 52 and 37 per cent respectively against the US dollar. In the past year, this acute depreciation of currencies from developing countries has become the norm rather than the exception, and the effects of this phenomena
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What’s the future of the euro? on the last few years this young currency has faced immense difficulties; Nevertheless, it continues to be one of the strongest currencies in the world. Last Friday Daniel Gros, Director of the Centre of European Policy Studies and Enrico Perotti, Professor of International Finance, visited room for discussion to
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Who is Jordan Peterson? Well, In short, he is a very controversial man. Having started his career in psychology as a common professor, a giant turn of events meant that he now leads a fan base of over one million people, who appraise him for having improved and even saved their lives with his YouTube
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I decided to study economics when I was sixteen years old. Back then I did not know much about the subject, and although I am already in the second year of my bachelors, I must admit that I still know very little about it. Sure, now I understand terms like inflation, monopoly, and depreciation. But
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The earth is getting warmer. Whether you believe that this is merely a natural process or the effect of human actions; it is a fact that this increase in temperature is meddling with our weather. As a result, natural disasters have been steadily increasing both in number and strength over the past years. This is
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Do you give to charity? if so, how do you decide to which charity to contribute to? The last one is not an easy question, there are over 1.2 million charities in the world, all offering to improve some aspect of our societies in one way or another. So how do you make the optimal
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It is a well-known fact that Japan has one of the worlds oldest populations, with a median age of 47 that’s well above the world median of 30. Japan’s population is both shrinking and aging at the same time. For decades economists have warned us about the threat of aging populations, and in the case
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Punitive work has ancient origins, in both America and Europe, it was first instituted as a form of corporal punishment. And although the 13th amendment of the U.S. Constitution explicitly forbids slavery and any kind of involuntary servitude, an exception was specially made for criminals. This has allowed private institutions to profit from the punishment
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I think most of us are familiar with the following words: “Less than 1% of the water on Earth is readily accessible for human use, and it needs to be shared among 7.6 billion of us.” It is the usual catchphrase used by environmentalists advocating for water conservation. However, despite the extreme figures that
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Summary Many countries have trouble getting their citizens to vote during elections. Compulsory voting is a method able to increase voter turnout, however, it is only enforced in 10 countries around the globe. The reason for this is that many view it as a violation of freedom of speech and religion. Recently, while chatting with some
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As you might have already heard, Venezuela is going through some pretty hard times right now. The country has been facing a political, economic and humanitarian crisis since 2012, which only seems to be getting worse over time. Some of the problems that the Venezuelan citizens are facing include hyperinflation, civilian unrest, food, and medicine
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Something that has really been dominating the news lately is just how far local authorities are willing to go in order to attract Amazon’s second headquarters to their cities. You might already have heard about New York City lighting up some of its biggest landmarks in ‘Amazon orange’, or about a town in Georgia offering
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Given the fact that you paid for the device on which you’re most likely reading this article, the answer to this question should be pretty straightforward. However, when you purchase a technological gadget you acquire ownership only of the physical device, not the indispensable software that it runs with. This has become a modern dilemma
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