Category: Business and Finance

Meredith Whitney, known as the Oracle of Wall Street, warns of a U.S. housing crisis driven by demographics, frozen inventory, and rising affordability challenges.Meredith Whitney, often called the “Oracle of Wall Street” for predicting the 2008 financial crisis, is once again raising alarms. This time, her focus is on the U.S. housing market, where she…

Old economics relies on scarcity. Today, abundance exists, but inequality grows through manufactured barriers. Discover why GDP no longer defines progress. Richard Murphy points to the way economics is still defined by sources like Investopedia: “Economics is a social science concerned with the production, distribution, and consumption of goods and services. It’s comprised of broader…

You think you can’t find a job and that it’s your fault? Think again. It’s not so simple. There’s a much bigger puzzle at play here, and most people choose to ignore it out of fear—because the truth might be terrifying. What if the strings holding up this economy are already fraying, and we’re all…

The ransom note flashed on every hospital screen: “Pay 87 BTC or we leak 100k patient HIV records.”I called our cyber insurer, sweating. “We’ve got $10M coverage!” I gasped.Their response? “Let’s review your policy exclusions first.”Spoiler: They paid $0. The $10M Mirage Cyber insurance promises a safety net. Reality? It’s full of trapdoors. After auditing…

In their fascinating paper, Bachas et al. (2021) studied an at-scale natural experiment in which debit cards were given to people who already had a bank account. The study explored the staggered rollout of debit cards to beneficiaries of Mexico’s conditional cash transfer program. The cards were linked to existing savings accounts and addressed two…