The Complicated Aspects in Assessing Harvey’s Economic Impact
Economics

The Complicated Aspects in Assessing Harvey’s Economic Impact

Today, Hurricane Harvey continued to slowly move towards southwest Louisiana and through Houston, as the confirmed death toll rose to 30 amidst a record-setting rainfall of around 52 inches. Harvey, which is now being called by some as the “Storm of the Decade”, has left behind billions of dollars in damages after initially being overlooked. … Continue reading

As Trump’s Infrastructure Plan Takes Shape, Many Already Have Concerns How It Will Be Funded
Economics / Finance

As Trump’s Infrastructure Plan Takes Shape, Many Already Have Concerns How It Will Be Funded

Part of President Trump’s promise to voters was to deliver his $1 trillion infrastructure plan to congress within his first 100 days in office. While it now seems unlikely to be completed in that time horizon, or possibly even in 2017, work has begun to shape what Trump’s infrastructure plan will resemble and it already … Continue reading

The Fiduciary Rule is Necessary to Protect Consumers from Advisor Conflicts of Interest
Business Ethics / Economics / Finance

The Fiduciary Rule is Necessary to Protect Consumers from Advisor Conflicts of Interest

On February 3rd of this year, President Trump ordered the Department of Labor to delay and review the Fiduciary Rule. The regulation, enacted by President Obama last year, was set to go into effect on April 10, 2017, but now faces delay for six months. This delay is being widely interpreted as an attempt by … Continue reading

From “Developing” to “Developed”: A Maturing China
Economics

From “Developing” to “Developed”: A Maturing China

With much wisdom and foresight, Chairman Deng Xiaoping introduced sweeping reforms that turned China from a centrally-planned economy to a market economy in 1978. By allowing farmers to keep their own crops for sale, the Chinese leadership provided incentives to farmers for increasing yield and freed up rural labor to move to the cities. In … Continue reading