Month: September, 2016

The Shackle Economy of Brazil
A Closer Look, Economy

The Shackle Economy of Brazil

Slavery is a sensitive subject in Brazil. It is an issue almost as old as the country itself. Over the course of 400 years, Brazil imported around four million slaves from the African continent, and its economic structure was thoroughly dependent on the process. Some historians also argue that the treatment of slaves in Brazil...
Are Employers Right to Discriminate People Based on Education?
Perspective, Uncategorized

Are Employers Right to Discriminate People Based on Education?

Writing in the Financial Times, author and journalist Tim Harford questioned whether universities are really worth it. He presented two sides of the argument. One side of the argument, which may be dubbed the ‘mainstream’ view, holds that universities are indeed worth it. They boost the local economy, give birth to innovations like penicillin, and…

We Keep Harping on about GDP. But It Doesn’t Really Tell Us Much.
A Closer Look, Economy, Uncategorized

We Keep Harping on about GDP. But It Doesn’t Really Tell Us Much.

Whenever politicians promise to deliver ‘growth’, they are often exclusively referring to Gross Domestic Product (GDP).  But economies are complex – they are made up of individuals and institutions each with their own interests. Can this one indicator accurately reflect all that complexity? The concept of GDP emerged from the 1930s Great Depression. Influenced by…

Why Do We Love to Travel?
3 min read, Social Life

Why Do We Love to Travel?

Millions of people every year leave their homes to travel.  As humans, we have this innate desire to explore and wander new regions with differing cultures and landscapes. We plan in advance, put aside a little pot of gold, which we add to each month, from our hard earned salaries and call it ‘travel funds’….

Sub-Prime Mortgages to Sub-Prime Car Loans: People are Getting Ripped off Again.
A Closer Look, Uncategorized

Sub-Prime Mortgages to Sub-Prime Car Loans: People are Getting Ripped off Again.

Many people need a car. Public transport in many cities can be both unreliable and expensive. Add to that drastically increasing commuting distances, and the car becomes very much a modern necessity. However, it can be an expensive one, with safe and reliable vehicles often costing thousands. So, many consumers who purchase cars do so…

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