Global Economic Intersection
Advertisement
  • Home
  • Economics
  • Finance
  • Politics
  • Investments
    • Invest in Amazon $250
  • Cryptocurrency
    • Best Bitcoin Accounts
    • Bitcoin Robot
      • Quantum AI
      • Bitcoin Era
      • Bitcoin Aussie System
      • Bitcoin Profit
      • Bitcoin Code
      • eKrona Cryptocurrency
      • Bitcoin Up
      • Bitcoin Prime
      • Yuan Pay Group
      • Immediate Profit
      • BitQH
      • Bitcoin Loophole
      • Crypto Boom
      • Bitcoin Treasure
      • Bitcoin Lucro
      • Bitcoin System
      • Oil Profit
      • The News Spy
      • Bitcoin Buyer
      • Bitcoin Inform
      • Immediate Edge
      • Bitcoin Evolution
      • Cryptohopper
      • Ethereum Trader
      • BitQL
      • Quantum Code
      • Bitcoin Revolution
      • British Trade Platform
      • British Bitcoin Profit
    • Bitcoin Reddit
    • Celebrities
      • Dr. Chris Brown Bitcoin
      • Teeka Tiwari Bitcoin
      • Russell Brand Bitcoin
      • Holly Willoughby Bitcoin
No Result
View All Result
  • Home
  • Economics
  • Finance
  • Politics
  • Investments
    • Invest in Amazon $250
  • Cryptocurrency
    • Best Bitcoin Accounts
    • Bitcoin Robot
      • Quantum AI
      • Bitcoin Era
      • Bitcoin Aussie System
      • Bitcoin Profit
      • Bitcoin Code
      • eKrona Cryptocurrency
      • Bitcoin Up
      • Bitcoin Prime
      • Yuan Pay Group
      • Immediate Profit
      • BitQH
      • Bitcoin Loophole
      • Crypto Boom
      • Bitcoin Treasure
      • Bitcoin Lucro
      • Bitcoin System
      • Oil Profit
      • The News Spy
      • Bitcoin Buyer
      • Bitcoin Inform
      • Immediate Edge
      • Bitcoin Evolution
      • Cryptohopper
      • Ethereum Trader
      • BitQL
      • Quantum Code
      • Bitcoin Revolution
      • British Trade Platform
      • British Bitcoin Profit
    • Bitcoin Reddit
    • Celebrities
      • Dr. Chris Brown Bitcoin
      • Teeka Tiwari Bitcoin
      • Russell Brand Bitcoin
      • Holly Willoughby Bitcoin
No Result
View All Result
Global Economic Intersection
No Result
View All Result
Home Uncategorized

2015, The Year That Was: Economics And Business

admin by admin
September 6, 2021
in Uncategorized
0
0
SHARES
27
VIEWS
Share on FacebookShare on Twitter

from The Conversation

— this post authored by Bryan Keogh, The Conversation

As we approach 2016, we look back at the big stories of The Conversation’s economics and business coverage over the past 12 months.

The year began with fears of a “Grexit” and ended with the first increase in US interest rates in almost a decade.

Middle-class travails

The struggles of the middle class were a hot topic throughout the year, and more recently they have become an unexpected theme in the presidential campaign, on both sides of the partisan divide.

The housing market provides one window into the issue. Even as the industry appears mostly recovered from its collapse in 2008, a crisis looms as millennials and others struggle to afford the American Dream and its white picket fence. As Mechele Dickerson of the University of Texas at Austin points out, increasing numbers of middle-income Americans can no longer realistically aspire to become homeowners anytime soon.

Nobel Prize-winning economists George Akerlof and Robert Shiller blame the “dark side” of free markets for much of the reason we make bad choices that make it harder for us to achieve the American dream, arguing

“as long as there is a profit to be made, [free markets] will also deceive us, manipulate us and prey on our weaknesses, tempting us into purchases that are bad for us.”

Some of our scholars connected the worsening situation for the middle class to the decline of labor unions, which we covered in a series on the topic early in the year.

The third-most-read business story of the year, in fact, was The rise and fall of US labor unions, and why they still matter, by Jake Rosenfeld of the University of Washington. In the series, we also explored the surge in right-to-work laws and the impact of irregular work hours.

While this focus on the middle class has more typically been a Democratic issue, this year’s Republicans have embraced it as well. At their October debate, for example, four of the candidates discussed ways to shore up Social Security and Medicare: Marco Rubio was perhaps most outspoken on the importance of addressing these issues. “So the good news,” MIT’s Thomas Kochan wrote:

“is that the American public is being heard.”

Grexit schmexit

Another big topic was Greece’s near-exit from the eurozone, which dominated the news during the first half of the year.

It began with the victory of Greece’s left-wing Syriza party and a “Greferendum” in which voters rejected a bailout package the government had agreed to with its eurozone creditors. The European Central Bank (ECB) reacted by shutting off the flow of cash to Greece’s banks, which were forced to shut.

Eventually, the controversial finance minister – reviled in Europe – resigned, and Greece agreed to a bailout package that was even more draconian than the one Greeks rejected. Barry Eichengreen of the University of California at Berkeley blamed political incompetence on all sides for Europe’s tragedy, eight years in the making.

The future of the eurozone – and Europe – will surely be a dominant theme in the new year, as leaders struggle over immigration, austerity and other issues. With that in mind, two of our authors suggested European leaders should see the hit Broadway musical “Hamilton” to get some perspective.

The never-ending decision

Perhaps one of the biggest decisions of the year took the longest to make.

This month the Federal Reserve finally lifted interest rates for the first time since 2006 – and after seven years at pretty much 0%. But we’ve been writing about its near imminence all year, with scholars going back and forth on whether the economy was ready for “liftoff.”

In the end, there seemed to be consensus that now was as good a time as any to begin normalizing rates, but there was more concern about whether it would work.

The US may be ready, but it wasn’t clear the rest of the world is. Emerging markets in particular are expected to get slammed, while the ECB and other countries continue to chart their own course.

The pace of Fed rate increases will be another important theme in 2016.

Lighter hearts

Beyond Main Street and Wall Street, our scholars also offered some more lighthearted fare, from research debunking the “opposites attract” cliche to the economics of literature and the detective story. Our columnist Jay Zagorsky also looked into Star Wars and the force of inflation.

Looking at just the numbers, here are the top 10 economics and business articles of 2015, based on number of reads:

  1. If Earth falls, will interstellar space travel be our salvation?

  2. Lessons from Greece as controversial finance minister exits stage left

  3. The rise and fall of US labor unions, and why they still matter

  4. Homeownership losing role as lynchpin of the American dream

  5. Elon Musk’s Brave New World: it worked for Henry Ford; why not Tesla?

  6. So when should you book that flight? The truth on airline prices

  7. Right-to-work’s rapid spread is creating more union free riders

  8. Greferendum offers symbolic victory for Syriza’s anti-austerity ‘Third Way’

  9. A cautionary tale of what happens when a country like Greece closes its banks

  10. Volkswagen scandal will send costly ripples through auto industry

We look forward to exploring more themes – both serious and silly – in 2016. Until then, happy holidays!

The ConversationBryan Keogh, Editor, The Conversation

This article was originally published on The Conversation. Read the original article.

Previous Post

2015, The Year That Was: Politics And Society

Next Post

A Crisis Worse Than ISIS? Bail-Ins Begin

Related Posts

Scammers Steal $300K Using Fake Blur Airdrop Websites
Uncategorized

FBI Warns Investors Of Crypto-Stealing Play-to-Earn Games

by John Wanguba
March 10, 2023
Maersk Almost Completing Russia Exit After The Sale Of Logistics Sites
Uncategorized

Maersk Almost Completing Russia Exit After The Sale Of Logistics Sites

by John Wanguba
February 20, 2023
Why Is ‘Staking’ At The Center Of Crypto’s Latest Regulation Scuffle
Uncategorized

Why Is ‘Staking’ At The Center Of Crypto’s Latest Regulation Scuffle

by John Wanguba
February 14, 2023
Mexico's Pemex Dismantled Resources Worth $342M From Two Top Fields
Uncategorized

Mexico’s Pemex Dismantled Resources Worth $342M From Two Top Fields

by John Wanguba
January 20, 2023
Oil Giant Schlumberger Rebrands Itself As SLB For Low-Carbon Future
Uncategorized

Oil Giant Schlumberger Rebrands Itself As SLB For Low-Carbon Future

by John Wanguba
October 26, 2022
Next Post

A Crisis Worse Than ISIS? Bail-Ins Begin

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins bank banking banks Binance Bitcoin Bitcoin adoption Bitcoin market blockchain BTC business China crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi Elon Musk ETH Ethereum Europe Federal Reserve finance FTX inflation investment market analysis Metaverse NFT nonfungible tokens oil market price analysis recession regulation Russia stock market technology Tesla the UK the US Twitter

Archives

  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • August 2010
  • August 2009

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized
Global Economic Intersection

After nearly 11 years of 24/7/365 operation, Global Economic Intersection co-founders Steven Hansen and John Lounsbury are retiring. The new owner, a global media company in London, is in the process of completing the set-up of Global Economic Intersection files in their system and publishing platform. The official website ownership transfer took place on 24 August.

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Recent Posts

  • Unlock the Future of Fashion with NFTs and Wearables
  • Are Bitcoin Casinos Legal?
  • What Are Deposit Tokens?

© Copyright 2021 EconIntersect - Economic news, analysis and opinion.

No Result
View All Result
  • Home
  • Contact Us
  • Bitcoin Robot
    • Bitcoin Profit
    • Bitcoin Code
    • Quantum AI
    • eKrona Cryptocurrency
    • Bitcoin Up
    • Bitcoin Prime
    • Yuan Pay Group
    • Immediate Profit
    • BitIQ
    • Bitcoin Loophole
    • Crypto Boom
    • Bitcoin Era
    • Bitcoin Treasure
    • Bitcoin Lucro
    • Bitcoin System
    • Oil Profit
    • The News Spy
    • British Bitcoin Profit
    • Bitcoin Trader
  • Bitcoin Reddit

© Copyright 2021 EconIntersect - Economic news, analysis and opinion.

en English
ar Arabicbg Bulgarianda Danishnl Dutchen Englishfi Finnishfr Frenchde Germanel Greekit Italianja Japaneselv Latvianno Norwegianpl Polishpt Portuguesero Romanianes Spanishsv Swedish