Introduction: The global economy has witnessed several recessions since 1950, with a global recession occurring in almost every decade. These downturns, characterized by contractions in global real per capita gross domestic product (GDP), have had profound effects on global trade, industrial production, capital flows, employment, and energy consumption. In this blog post, we will examine … Read more
Introduction:The Supreme Court recently heard arguments in two important cases that revolve around the Biden administration’s proposed student loan forgiveness program. These cases, Biden v. Nebraska and U.S. Department of Education v. Brown, raise important legal questions about constitutional requirements for “standing” and the Department of Education’s authority to forgive student loans. The Court’s decision, … Read more
Introduction: The financial future of approximately 40 million Americans hangs in the balance as they await the Supreme Court’s decision regarding the legality of President Biden’s plan to forgive up to $20,000 in student debt. If the court rules against the debt-forgiveness plan, borrowers could face a challenging situation as they resume loan repayments in … Read more