Finances

 

Student Loans in The Great Recession

       May 21st, 2018 Brandon Duvall

A new study from RTI released recently about those who graduated during the Great Recession. This period being 2007-2009. Melissa Cominole, Ph.D., RTI research education analyst and co-author of the report, stated that students are suffering from their student loans unexpected ways. Upwards of 26 percent of borrowers postponed marriage due to debt. The same is true for 44 percent of these borrowers, purchasing a home and choosing a job in their field were postponed due to debt. Hopefully finds like this will spark the conversation for more assistance for borrowers. The increasing plight of student debt is something we need to combat to help the quality of life within the United States. With research like this showing that the pursuit of happiness can be stigmatised by debt from higher education it seems like a pretty straight forward request. Thanks for reading.

Sources: 
RTI International. (2018, May 2). New report details experiences of graduates with student loan debt during the Great Recession: Marriage, housing, family decisions delayed; employment choices made based on the cost of education. ScienceDaily. Retrieved May 20, 2018.

 

Robin Hood Complex? Not in America.

       Mar 30th, 2018 Brandon Duvall

 

A study out of Washington University in St. Louis, found that, when it comes to voters supporting the public programs to lessen the poverty gap. They are less likely to aid in the distribution of wealth. The experiment tested over 5000 participants, using amazon gift cards of different values. In the experiment, the card recipients were given the ability to take from those “richer” card recipients and pass wealth along to the more poor ones. Interestingly, those that were likely to take from richer cardholders, were unlikely to share their own cards funds with more poor card holders. Conversely those who are willing to give their funds to poorer cardholders, were less likely to take funds from cardholders richer than themselves. This study argues that this is a prime example for why our public reforms geared at reducing the economic divide, seem to fall short. A majority of citizens are reluctant to share wealth, regardless if the effect can make a positive change for their poorer counterparts. In America, we can picture how this experiment depicts countless voters with an example of something like the proposed universal health care system. Perhaps with papers like this in the public scope, we will be able to reassess our view of public reforms aimed at lessening this economic divide.

Sources: 
Michael M. Bechtel, Roman Liesch, Kenneth F. Scheve. Inequality and redistribution behavior in a give-or-take game. Proceedings of the National Academy of Sciences, 2018.

 


Conservations Pay’s?

Jan 28th, 2018 Brandon Duvall


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Credit: © kate / Fotolia

In 1992 the Rio Earth Summit attempted to unite world governments in slowing the pace of species extinction around the world. From 1992-2003 countries invested, $14.4 billion on conservation, reducing declines in biodiversity by 29 percent. In recent years, studies like those conducted by John Gittleman, the dean of the Odum School of Ecology at the University of Georgia have stated examples like this as proof to the importance of conservation. Biodiversity is important to human survival and ecological health. With enough interference by governments and those in power, conservation can make giant strides ensuring the ecological health of our planet. The studies interestingly enough, explained the projected money. They took into account the implementations we would have to make technologically for sustainability if the decrease in biodiversity increases.

Sources: 
Anthony Waldron, Daniel C. Miller, Dave Redding, Arne Mooers, Tyler S. Kuhn, Nate Nibbelink, J. Timmons Roberts, Joseph A. Tobias, John L. Gittleman. Reductions in global biodiversity loss predicted from conservation spending. Nature, 2017.

Save Money, Sleep In ?

Jan 28th, 2018 Brandon Duvall


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Credit: © AntonioDiaz / Fotolia

For many years, the United States government has looked into ways to save money on educational spending. A recent study by RAND corporation found that by pushing school start times back to 8:30 am, could contribute an estimated 83 billion to the U.S. economy within a decade. This is something I’m sure students across America would welcome, with 82 percent of middle and high schools in the U.S. starting before 8:30 am. I know it is something high schoolers would have loved when I attended.

Sources: 
RAND Corporation. "Shifting school start times could contribute $83 billion to US economy within a decade: Even after just two years, the study projects a national economic gain of $8.6 billion, which would already outweigh the costs per student from delaying school start times to 8:30 a.m.." ScienceDaily. ScienceDaily, 30 August 2017.


Dogecoin: The Meme Currency That Could

One of the cryptocurrencies created as a joke nod to Bitcoin, Dogecoin, saw explosive growth today as it well exceeded a market cap of $1bn USD ($1,688,145,918 as of writing), according to a website that tracks the prices and market caps of most popular cryptocurrencies, CoinMarketCap.com. The digital coin, created to be yet another meme on the internet, rose to only a cent and a half on Saturday night, but this had a huge effect on the 112m Dogecoin circulating supply, to the joy of its many investors.

This altcurrency, which is any digital currency created after the rise of Bitcoin, has seen a 477% rise in price in the last month, with a 33.89% (as of time of writing) increase from yesterday alone, much to the creator’s surprise, according to coindesk.com. Jackson Palmer, founder of Dogecoin, had said that “ I think it says a lot about the state of the cryptocurrency space in general that a currency with a dog on it which hasn't released a software update in over 2 years has a $1B+ market cap”  in response to its incredible growth.

Sources: 
https://coinmarketcap.com/currencies/dogecoin/
https://www.coindesk.com/dogecoin-market-cap-hits-1-billion-creators-dismay/

Cryptocurrency and Social Activity

Jan 14th, 2018 Brandon Duvall


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Credit: Crypto

Cryptocurrency has definitely taken leaps and bounds since its creation. Facebook's founder Mark Zuckerberg has recently shown interest in learning more about the technologies behind this form of currency. There are implications of a cryptocurrency team up on futurism. Yonatan Ben Shimon, CEO of Matchpool, a company combining cryptocurrency with social activity thinks the idea has merit. This could be a lucrative opportunity for those in cryptocurrency, we will be following up into Matchpool. Some do state however the implications of a crypto-bubble that will burst and diminish the crypto market. Forbes however predicts different, stating that with capital institutional involvement increasing, so to will the size of the cryptocurrency market.

Sources: 
Julia Morrongiello. My 2018 Crypto Predictions. Forbes. Jan 2018. Dan Galeon. Mark Zuckerberg Is Officially Considering Cryptocurrency for Facebook. Futurism. Jan 2018.