White House opposes housing package
Things are certainly looking glum for Americans: their economy is entering into a recession (or a “slowdown” as Bush prefers to call it), they’re experiencing a credit crunch and the housing bubble popped. Great…
For the past few months, Bush and his Republican administration has been brainstorming various ways to stimulate the economy [...]
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Consumer borrowing slows
Two summers ago, I got the chance to go to the United States all by myself for summer school. I was so psyched because I finally had the chance to be free and independent, especially financially. What I was looking forward to the most is of course, getting a credit card. Imagine my [...]
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Americans giving up homes before other assets as credit bubble bursts
Less than a year ago, my family moved right across the street in the very same compound, and into a house that looks exactly the same as my old house, with a view of my old house’s front yard. Although it vexed me to have [...]
Continue reading about Would you sell your house or your TV first? »
Flexible yuan to help in the inflation battle
It is no longer a surprise to hear that the RMB has risen once again due to continuously rising inflation in China. Within the past few years, inflation rate has hit an all-time high: nearly 8%. While some countries struggle with this inflation and the recession that America [...]
Why job market is even worse than you think
So you know how in movies you always see a disgruntled employee yell at his or her boss then the boss screams, “You’re FIRED!” Then the ex-employee goes, “No, I QUIT!”
Well, while that seems like a very interesting experiment, nowadays, you better think twice before doing that. While [...]
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Obesity Policy and the Law of Unintended Consequences
by Karen
So recently we began to talk about market failures in our AP Economics class. We talked about all types of market failures such as pollution and second hand smoke (also known as negative externalities). Being the good student I am (ahem…), I was surfing the net, trying [...]
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EA to pay $860 million for rival game maker
by Karen Chen
It is not uncommon for students these days to go home and immediately sit themselves down in front of their TV in order to game on their newest Play Station. Nor is it unusual to see a pack of high school students at TopNet for ten [...]
