Aug
28
2010

Written by:
Reem Hassani

Pakistan: A Flood of Political and Economic Disaster

In a country that has already suffered political instability, poverty, and now one of the greatest natural disasters in history—Pakistan is unfolding a tragedy affecting millions of people both inside and outside its borders.

According to the United Nations, the recent floodwater triggered by extra-heavy monsoon rains have now classified 8 million people as needing urgent humanitarian relief, and has destroyed the homes of 4 million Pakistanis. Unfortunately, these incredible numbers are still rising, and with 2 weeks left in the Monsoon season, they are expected to grow. The floods have not only devastated properties over 15 million people, but have claimed the lives of over 1600 Pakistanis—with a promised aftermath of disease and starvation that will likely affect millions more.

Aug
25
2010

Written by:
Kanwar Anand

The Great Recession & The Greater Recovery

Economists, politicians & journalists have repeatedly compared the current recession to the Great Depression. There are certainly some similarities between the two business cycles. The Great Depression dramatically impacted people from all walks of life, there were major bank runs & severe panics in the credit markets that brought the economy to a complete halt and there was uncertainty as far as newer regulations were concerned. But we responded with fierce resilience to get ourselves back on the path to recovery. This included enactment of laws such as the Glass Steagall Act of 1933 which strengthened the financial regulatory framework, implementation of programs such as New Deal that improved our infrastructure & ultimately our decision to enter the Second World War that uplifted millions out of poverty & enabled the US to become a super economic power in the world.

Aug
23
2010

Written by:
j_laughridge

The True Cost of Online Education

If you walk into any grocery store, you’ll see the same thing in almost every aisle: you’ll find “name-brand” choices, you’ll find generic products, and you’ll find multiple size options for nearly every product available. If you want a small bag of fruit, you can get it. If you want (or need) a large bag, you can get that, too. While it costs more on the front end, once you do the math you’ll see that the price per piece is actually better on the larger bag - - so if you need that much fruit, it’s really the only way to go! I’d like to suggest to you that your education works the same way - - the more education you have, the higher your potential earning power tends to be, and so while it costs more on the front end, the pay-off in the end is more than worth it!

Aug
22
2010

Written by:
Jordan Harris

U.S. Colleges and Universities Say No to Illegal Students

In the midst of the U.S. Immigration Reform, a larger public debate has surfaced. The nation's people are outraged by the vast number of illegal students attending U.S. state colleges and universities. The dispute was ignited by the arrest of the Kennesaw State University student Jessica Colotl in late March. Colotl was an illegal immigrant attending KSU on in-state tuition costs. KSU later reclassified Colotl as a non-Georgia resident, while immigration authorities deferred action on Colotl's status for one year, granting her time to complete her degree.

Illegal students occupying seats at American post-secondary institutions is a growing trend. An untold number of undocumented immigrants attend schools in the Ivy League, especially.

Aug
20
2010

Written by:
Orlando Remak

Japan: The Current Economy, Politics and Response to the Yen Situation

Its official: after talks of their losing ground in the international competition for second-place in GDP size, Japan has finally become third to the ever-growing China. This article lays out the Japanese politico-economic situation and their next step.

Current Japanese Economy

Japan’s economy has grown only 0.4% in the last quarter, which is trailing behind every one of the six largest industrialized nations; U.K (1.1%), France (0.6%), Germany (2.2%), China and the U.S. (0.6%). This meager growth is one-fifth the averaged estimated growth reports Bloomberg has determined. Though China does not compile quarter-on-quarter reports, its annualized growth was over 10.3% in the last year.

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