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Economy

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In the Wake of Queen Elizabeth II- The New Monarchy

September 21, 2022 09:18 PM
On September 8, 2022, after 70 years on the throne, Queen Elizabeth passed away. Queen Elizabeth was the longest reigning monarch in British history, with her death marking the end of an era. She had been queen since 1952, after the passing of her father, King George VI. Her legacy includes working with fifteen prime ministers, the first dating all the way back to Winston Churchill. She is known for playing an active role in government and foreign affairs beyond her duties as the symbolic head of state.
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48th G7 Summit of 2022

June 20, 2022 07:48 PM
Every year since 1975, a world economic summit has been held to discuss and brainstorm the current challenges facing the world. It has evolved since then into what we know today as the G7. There are seven member nations who make up this council including the United States and the current Presiding nation of Germany. The 26th of this month will mark the beginning of a new summit meeting in the Bavarian Alps with the massive backdrop of the Russian-Ukrainian conflict. Although it does not wield the policy making power like the EU or the UN, the G7 will play a huge role in setting the tone for the remainder of the war. Ministers from other countries and representatives from the EU have been invited to take part in the summit as well. Since Russia began sending troops to the Ukrainian border, many emergency meetings have been convened in response to the Russian act of aggression on Ukraine. This will add to the buildup of this year’s G7 summit which will like showcase severe punishments and a doubling down of its strict behavior towards Russia.
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Food Prices and Inflation in a Post-Pandemic Economy

December 18, 2021 10:31 PM
In the aftermath of the 2020 global pandemic, inflation has swept across economies worldwide. While economists expected the consumer price index in the United States to rise 5.9% in the past year, it has instead risen 6.2%. This rapid rise in rates is creating a notable impact on food prices. High prices are affecting market sales and charity operations. Responses to the market inflation may either alleviate or aggravate long-term effects on the post-pandemic economy.
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Ethiopia and Tigray: A Region of Conflict

November 11, 2021 11:38 AM
This November will mark the first anniversary of the Tigray and Ethiopian conflict, a conflict that questions the power of leaders, the value of stability, and the role of the international community in such affairs.
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The Effect of Climate Change on the Russian Economy

October 15, 2021 02:10 PM
With an export value of 33.7 billion U.S. dollars in crude oil to China alone in 2019, the Russian economy is heavily dependent on oil trade. However, due to the increase in the overall Russian climate, the oil industry is experiencing complications. As one of the primary sources of income for Russia’s economy, its government has made and will continue to make significant efforts to curb the effects of the complications and prevent future problems. The increase in climate temperature has damaged the infrastructure of the mines and plants responsible for oil production, creating a need for a redirection of funds and potentially dangerous environmental effects, thus, narrating a cautionary tale to other nations with similar carbon emissions rates.
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The Persistent Threat of Russian Cyberattacks

July 10, 2021 12:22 AM
Recent Russian cyber-attacks on public and private U.S. sectors have put cyber security into the forefront of American thought and public concern. While cyber-attacks are aimed hourly at countries, companies, and individuals, accusations of cyber-attacks between the United States and Russia have created a digital Cold War in a race to see who can exploit the most vulnerabilities in the infrastructure and supply chains of the opposing power.
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Coronavirus and Economics

June 25, 2021 11:14 PM
The coronavirus has caused widespread panic throughout the world and bears strong resemblance to the SARS outbreak of 2003. While the SARS virus caused an estimated $40 billion economic loss, the coronavirus has the potential to cause much more damage as China has become more integrated into the global economy (1). While China has enforced many policies in an attempt to curb the spread of the virus, the virus has caused extensive economic damage in China that will spread to the global economy.
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China's Human Rights Violations and its Consequences

April 27, 2021 11:13 AM
The Chinese government’s understanding of human rights is fundamentally different from that widely held by much of the West. Additionally, many human rights lawyers oppose the Chinese government’s views and practices. This dissonance poses a threat to the stability of the region, especially considering China’s common historical cycle of oppression, protest and revolution. While potential protests may indeed bring about change, possibly even a positive one, instability is a probable byproduct, as seen in China’s own revolutionary past. However, change will come slowly in the People’s Republic of China until the majority of its population is aware of the ruling party’s human rights violations. There are several groups fighting for this change and as a result, China is seeing new laws that can improve the human rights situation. A special group of lawyers, called human rights lawyers seek to enforce these laws within the government. While it may be an uphill battle, human rights lawyers need to continue to pressure the government within their rights, and they will need support from the international community. Stability in China is of top priority for U.S. national security. A new level of chaos in the region could translate to a decline in the Chinese economy, which is so vital to the world market, in particular the U.S. economy.
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Security Consequences of U.S. Political Extremism

April 26, 2021 04:43 PM
The recent debate over the Affordable Care Act, known to critics as Obamacare, highlights the growing divide in U.S. politics and the political culture that idolizes politicians with a ‘no-compromises’ stance. This was made abundantly clear through the fight over the constitutionality of the healthcare law as well as the recent Republican presidential primaries where Mitt Romney was accusingly labeled a “moderate” by competing candidates. Romney had to fight each surging challenger’s accusations of being moderate and continues to struggle against hard-liners of his party. This fight to assuage ideological worries within one of the major U.S. parties shows the pull away from the center towards the more hard-line views.
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Buying Time

April 22, 2021 03:57 PM
Recently the European Union has been building up to the implementation of “crippling” new sanctions against the government of Iran. These new sanctions were finally revealed on January 23 and their primary focus is on limiting Iran’s oil export capability. Despite the strong rhetoric, these sanctions will not truly be effective in the short-term as they bar only new oil contracts with Iran while honoring current contracts until 1 July. Why are we seeing this apparent weakening of the economic hammer against Iran? Why not simply crush Iran into submission and force them into immediate negotiations? The basic answer is that the West is not capable of dealing effectively with Iran right now and needs more time to prepare.
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