With all the hurricanes lately, I’ve seen plenty of people get upset about price gouging in areas where people are evacuating and/or areas where people are hunkering down. Based on what I’ve seen, most people find the practice immoral, especially when there’s a crisis. It seems to be that people don’t quite understand why price gouging is actually the moral thing to do in times of a crisis. Hopefully, my personal experience in Oregon with the wildfires will shed some light on this.
Late last month, a team of economists at the University of Washington released their findings on the past couple minimum wage increases in Seattle. Unsurprisingly, this was covered by just about every news outlet. To my surprise, many are divided over what the Seattle economists found. Economists at UC Berkeley did their own study and had different findings. This led to a lot of people, including economists, calling the University of Washington’s study flawed. The only problem is that their study isn’t as flawed as critics claim.
It often concerns me when people don’t seem to understand something they should have learned about in high school such as writing a check, balancing a personal budget, and major differences between a bank and a credit union. Sarah Silverman explains why she left her bank for a credit union in a video for NowThis. Just when you thought you couldn’t politicize much more in America, the credit union has now fallen victim to it. There’s a lot of benefits to a credit union. I even advocate switching to them! There’s just one big problem: I don’t think Sarah Silverman or NowThis understand credit unions very well. Before we get too far ahead of ourselves, here’s the video so you can see what I’m talking about.
Last night, Rachel Maddow from MSNBC did an exposé on President Trump’s tax return from 2005. During the election, Mitt Romney claimed that Trump was hiding a bombshell in his tax returns. Thanks to Rachel Maddow, a bombshell was found. Perhaps it wasn’t the bombshell we were all thinking it would be. As Rachel Maddow found out, the problem with political bombshells is that you could wind up blowing yourself up if you play with them.
Something that I’ve kept to myself, and between a few close friends, is a personal prediction about Apple: If Apple ever figures out that the US Dollar is more valuable in India than it is in China, it may pull out of China (partially or completely). More importantly, this should be an alarming wakeup call to China. Recently, China has been making some serious demands to Donald Trump. Many liberals have made it clear that they don’t like President-Elect Trump. But this is a time where maybe they should consider something before they start hating on Trump’s attitude towards China.
Now that President Barack Obama is just a couple of weeks away from transferring power to President-elect Donald Trump, news reports are coming out in praise for who will soon be a former president. Recently, I published an article that shows what the employment situation really looks like when we look outside of the confines of the unemployment rate. Let’s apply this concept to the entire tenure of Barack Obama and see exactly how things look comprehensively compared to when he took office.
The Bureau of Labor Statistics (BLS) released a new jobs report on Friday, reporting an addition of 178,000 jobs and a nice, low 4.6 percent unemployment rate. FiveThirtyEight’s Ben Casselman, their chief economics writer, said that Trump and Clinton could both spin this jobs report, but he also wrote that “Millions of Americans abandoned the labor force during the recession and are now returning at a trickle, if that.” But isn’t it a good thing that the unemployment rate is low and jobs were added? Well, yes, but also no.