A stronger economy generates inflation. The more people there are buying goods, the higher the demand on goods. Companies meet that increasing demand for increasing the supply of goods. People must be defended from the threats imposed by known cancer-causing toxins like benzene, VOCs that increase ozone levels, and methane that is over 80 times more potent greenhouse gas than CO2 in the first twenty years – increasing temperature, which then increases ozone levels another step further. During the COVID-19 pandemic, most businesses reduced their services and orders for goods—on, say, semiconductor chips used for cars or waiting staff for their restaurants—and that led to some supply … [Read more...] about Inflation in the USA and how it affects our atmosphere
economics
Impact of pandemic on stock market
By Emma Curtis and Alexis Ramirez Ever since COVID-19 caused nation-wide company shutdowns, the United States' stock market has been anticipating another crash. The Dow Jones Industrial Average, a market index that measures the stock performance of more than 30 companies, saw its worst trading day since 2008 in March, due to growing fears of the spread of COVID-19. Millions of Americans own stock in different companies around the world and could be facing a loss of shares, and possibly millions of dollars, due to the widespread halt of product manufacturing and distribution. Dan Hepler, a father from Los Angeles, owns stock in almost 20 companies and spends two to three hours a … [Read more...] about Impact of pandemic on stock market
Reps. fight for oil ban appeal
By Lauren Pratt |Staff Writer| Two hundred and sixty one of 435 representatives took to action Friday, Oct. 9, in attempt to lift a 40-year-old ban on crude oil exports. The has not yet reached the Senate for approval, but in the case that it does, President Barack Obama has stated he will veto the bill. “The country needs to focus more on alternate energy (wind, solar, water),” according to the Washington Street Journal. The Energy Policy and Conservation Act of 1975 was a bill Congress passed used to stifle the harsh impact of future oil embargos (an official ban on trade) by foreign oil producing countries. The bill was enacted due to the aftermath of the 1973 Arab Oil Embargo that … [Read more...] about Reps. fight for oil ban appeal
Gas prices: Increasing or decreasing?
By Danni Ybarra |Staff Writer| “Get ready for $10 [per barrel of] oil” and a decrease in gas prices, according to Yahoo Financial. Yahoo Financial reports that the rise in U.S. oil production (due to hydraulic fracking and horizontal drilling) and output, as well as other factors such as more environmentally friendly cars, is lowering our demand for foreign oil and therefore putting a large strain on the global oil market and in turn lowering prices. These factors are what will likely help bring down the price per barrel to anywhere between $10 to $20, claims Yahoo Financial. However, some are not so convinced. Both NBC News and The Wall Street Journal report that gas … [Read more...] about Gas prices: Increasing or decreasing?
Struggle over food and technology tightens wallets
By Chelsea Galvez |Staff Writer| American spending is being compromised in order to keep up with the latest and greatest forms of technology. A survey conducted by the Consumer News and Business Channel (CNBC) showed that out of 805 Americans, 394 claimed to have economized or cut back spending on items such as food, healthcare, vacation and entertainment in order to keep up with advancing technology. “Technology is important because it is constantly changing, and has become a way of life since you are able to do anything with technology; it keeps us connected, which is why people feel lost without it,” said CSUSB student Amy Szerlip. The survey further revealed that in order to afford … [Read more...] about Struggle over food and technology tightens wallets
Kangwook Noh
By Emmanuel Gutierrez |Staff Writer| Kangwook Noh is a foreign exchange student from South Korea majoring in Economics. Noh tutored students in statistics at the Learning Center on campus. “I have developed many friendships through work while helping students. It has been very fulfilling,” said Noh. Noh’s inspiration to earn a degree stemmed from his own devotion to helping others in the world. Noh plans to work for a year and prepare himself for graduate school. He wishes to eventually become a professor and also plans to “travel around the world and do something meaningful such as volunteering [and] helping our neighboring countries.” … [Read more...] about Kangwook Noh
Federal workers get minimum wage increase
By Santiago Castillo |Staff Writer| President Barack Obama plans to raise minimum wage for federal construction workers from $7.25 to $10.10 an hour. “Those likely to see bumps in future paychecks include dishwashers, food servers and construction workers,” according to The Huffington Post. This executive order puts pressure on Congress to change the minimum wage for all federal workers. “The increase in minimum wage will increase the standard of living for those affected,” said professor and chair of Economics Mayo Toruno. Toruno added, “Increasing the standard of living for people will increase their spending giving our economy a healthy business cycle.” When asked if the wage … [Read more...] about Federal workers get minimum wage increase
U.S. debt compared to other countries
By Angel Lizardi |Staff Writer| The United States avoids joining Nazi Germany as the only major economic power to default on their loans, when Congress agreed to a new debt ceiling. According to Bloomberg, “Germany unilaterally ceased payments on long-term borrowings on May 6, 1933, three months after Adolf Hitler was installed as Chancellor. The default helped cement Hitler’s power base following years of political instability as the Weimar Republic struggled with its crushing debts.” Dr. Timothy Pytell teaches History at CSUSB, his research includes Genocide, Holocaust, and the European Union said that Hitler’s economic policy was bad for Germany because it was Hitlers … [Read more...] about U.S. debt compared to other countries
Government shutdown cost $24 billion
By Angel Lizardi |Staff Writer| $24 billion--That’s how much is estimated the United States government lost during the shutdown according Standard and Poors, an economist group based in New York. The firm said that the shutdown caused it to cut its forecast of gross domestic product growth in the fourth quarter by about 0.6 percentage points, lowering the gross GDP from 3 percent to 2 percent. The shutdown, which ended last Tuesday, took three weeks to solve and affected hundreds of thousands of workers. The breakdown of some of the economic costs due to the shutdown includes: $3.1 billion lost in government … [Read more...] about Government shutdown cost $24 billion
Green initiative: Green Campus
By Kenneth Johnson |Staff Writer| CSUSB is on its way to reducing its carbon footprint by 15 percent. The school is one of the first six California campuses to pilot the Green Campus program. The focus of the Green Campus program is to educate the campus community on energy conservation. The program has expanded to include a number of quantitative projects with direct measurable savings. “This is very interesting and also fits within our campus. We are built right by the mountains; we should take advantage of all the resources surrounding us,” said Kenneth Mosely, CSUSB student. The school expects to reduce its carbon emissions by 2,000 metric tons. That is the equivalent … [Read more...] about Green initiative: Green Campus