The Venezuelan Situation for the Curious American Citizen: What Exactly is Going on?

Venezuela. This Latin American country often goes not talked about in the United States, as it has not been a large security risk, economic threat, or important area of trade and for that matter a country of tremendous interest in U.S. politics. If it is mentioned, its often due to their mostly anti-American stance of former president Hugo Chavez and …

Monopoly In America: How competitive is the market really?

In today’s society, we are constantly bombarded with advertisements for competing companies ranging everywhere from laundry detergents to potato chips to breakfast cereals, as companies look to capture the attention of consumers and encourage them to by their products. The same can be said about the monopoly in America regarding news sources. In a world with seemingly endless choices on …

The Minimum Wage Argument: To raise or not to raise?

In President Obama’s most recent State of the Union address, he made a call to action for Congress to, “give America a raise.” This meant of course raising the minimum wage from the current $7.25 an hour to his proposed $10.10 an hour.  In the aftermath of this proposition, economists analyzed the effects introducing this legislation on the economy, jobs, …