economy – Page 2 – Convenient Life

Sep302021 by LageorgiaNo Comments

Three ‘natural experiments’ economists win Nobel prizes

economy, Learning

In September 2021, three economists, David Card, Joshua Angrist, and Guido Imbens, were awarded the Nobel Prize in Economics for their contributions to the field of "natural experiments" in economics. David Card, an American economist and professor at the University of California, Berkeley, has made significant contributions to labor economics and the study of immigration. His research often involves the use of natural experiments to analyze the impacts of policy interventions and economic shocks. Joshua Angrist, an American economist and professor at the Massachusetts Institute of Technology (MIT), has focused his research on empirical methods in labor economics and education economics. He has extensively used natural experiments, such as instrumental variables, to examine causal re...

Aug232021 by LageorgiaNo Comments

U.S. lawmakers urge White House to include YMTC in ‘entity list’

economical, economy

According to reports, U.S. lawmakers are urging the White House to include Yangtze Memory Technologies Co. (YMTC) on the "entity list" due to allegations of violating U.S. export controls by supplying chips to Huawei. YMTC is one of several Chinese technology companies that have come under scrutiny in the United States for security concerns. The "entity list" is maintained by the U.S. Department of Commerce and includes companies or organizations that are believed to pose a risk to national security or violate U.S. export control regulations. Being placed on the list imposes restrictions on U.S. companies exporting goods or technology to the listed entities. The concerns regarding YMTC's alleged supply of chips to Huawei are rooted in the ongoing trade tensions and security considera...

Aug122021 by LageorgiaNo Comments

U.S. needs risk management strategy for U.S.-China relations

economy, LifeStyle

With the recent executive order signed by U.S. President Joe Biden, calling for enhanced scrutiny of cross-border transactions in sensitive areas such as artificial intelligence, quantum computing, and biotechnology, it is evident that the United States recognizes the need for a risk management strategy in its relations with China. This move indicates a growing urgency towards decoupling between the two countries. The United States has expressed concerns about national security risks associated with foreign investments in critical technologies and sensitive industries. The aim is to safeguard sensitive intellectual property and technological advancements that are vital to U.S. economic competitiveness and national security. By strengthening the review process conducted by the Committ...

Jul282021 by LageorgiaNo Comments

U.S.-China Semiconductor Dispute Affects South Korea’s SK Hynix

Business, economy

The U.S.-China semiconductor dispute has indeed affected South Korea's SK Hynix. The United States has expressed opposition to SK Hynix's plan to upgrade its factory in China, which poses a threat to the company's competitiveness. This situation highlights the challenges faced by the semiconductor industry in the increasingly intense technological competition between the United States and China. Semiconductors are a critical component of various electronic devices, and the global demand for semiconductors has been growing rapidly. As the world's two largest economies, the United States and China are competing to establish dominance in the semiconductor industry, including manufacturing capabilities, technological advancements, and intellectual property rights. The U.S. government has...

Apr252021 by LageorgiaNo Comments

What will be the final straw that leads to high inflation in the US?

economical, economy

As an AI language model, I can provide information on the factors that can contribute to inflation but cannot predict the future or identify a specific event as the "final straw" that leads to high inflation in the US. Inflation is a complex economic phenomenon influenced by various factors, including monetary policy, fiscal policy, supply and demand dynamics, global economic conditions, and market expectations. Excessive liquidity injection into the macroeconomic system, as well as disruptions in global supply chains, can indeed contribute to inflationary pressures. When there is an abundance of money chasing a limited supply of goods and services, it can drive up prices. Additionally, factors such as rising commodity prices, wage pressures, and changes in consumer and investor behavio...

Mar282021 by LageorgiaNo Comments

Why is the Fed responsible for a surge in zombie firms?

Business, economy

The statement that the Federal Reserve (Fed) is responsible for a surge in zombie firms, which are companies with persistently low profits that are unable to cover their interest payments, is a complex and debated topic. It is important to note that the causes of zombie firms are multifaceted and cannot be solely attributed to the actions of the Fed. However, there are some arguments that suggest a potential link between Fed policies and the rise of zombie firms. One argument revolves around the low interest rate environment created by the Fed. In response to economic downturns or to stimulate economic growth, the Fed often implements expansionary monetary policies, such as lowering interest rates. These low interest rates can make it easier for struggling companies to access cheap cred...