Why is it very hard to erase poverty?

The United States of America, as the world’s largest economy apparently has its nearly 150 million people considered “low income” or “poor”. Michael Zweig, Professor of UMich and Director of social class study, define poverty as a state of deprivation or lack of the usual or socially acceptable amount of money or material possessions. Indeed, … More Why is it very hard to erase poverty?

Dissertation of the Day about Policy Risk and Economic Fluctuations

I love the dissertation by Franz Hamman titled “Sovereign Risk and Macroeconomic Fluctuations” (2004). I love it specifically because it talks quantitatively about the dynamics of Colombian economy with regard to ‘economic shocks’ (= unexpected things happen in the country that cause significant change). It talks about the implications of monetary policy, the most important … More Dissertation of the Day about Policy Risk and Economic Fluctuations

Federal Deposit Insurance Corporations (FDIC) Organizational Chart

Here is a picture of FDIC, a federal agency, organizational chart. Federal Deposit Insurance Corporation (FDIC) is U.S. Corporation providing deposit insurance to depositors. It was created in 1933 by the Banking Act to promote public confidence since there was massive cases of bank failures in the Great Depression in 1920s. The goal of FDIC … More Federal Deposit Insurance Corporations (FDIC) Organizational Chart