The exchange rates of countries’ currencies such as the U.S. dollar, euro or British pound may seem obscure. But they matter a great deal to all of us. Businessman falling from pound seesaw (Ikon Images via AP Images) Even when currencies are crashing and making...
Many experts think tech giants have grown too powerful. But they disagree over how best to regulate emerging technology without stifling innovation. Facebook CEO Mark Zuckerberg at an antitrust hearing before the U.S. Congress in Washington, DC, 10 April 2018 (AP...
Companies are paying greater heed to Environmental, Social and Governance (ESG) matters — their social credit score. Does it make a difference? Business investment concept (Elnur/Canva) In 1970, prominent American economist Milton Friedman argued that the social...
The gap between rich and poor in many nations is widening. But stock markets are not the culprit. Here’s what can be done to curb economic inequality. Demonstrators call for a $15 per hour minimum wage in the United States, Washington, DC, 19 May 2021. (AP...
On any day, the stock market can go up or down. But in the long run, a young person cannot afford to ignore the chance to invest in company shares. The effect of compound interest, with an initial investment of $1,000 and 20% annual interest, compounded at various...
Alan Wheatley’s article on stock markets touches on concepts of tremendous long-term importance to young people, such as compounded interest and interest rates. Wheatley has decades of experience covering international finance, and it shows as he connects investing fundamentals with economic growth and the current U.S. political situation. The article finishes with questions that can be taken up in a wide range of classrooms: Who would be better for stock markets — Trump or Biden? If you have $1,000, should you spend or save it? And why is Wall Street near a record high during the coronavirus pandemic? With Wheatley explaining matters, there’s no reason why economics should be “the dismal science”!