Ascent of Money 2 - Sarah Seeliger



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COVID-19 Blog

As the coronavirus rages on, an important question arises: should western countries aid the so-called "third world," particularly Africa, in combating the pandemic? I believe the answer is no, for two main reasons. My first objection is rather obvious: the United States currently has more confirmed COVID cases than all of Africa combined, and it isn't close. There are several possible explanations, including the warmer weather, but the exact reason isn't necessarily relevant. After a domestic coronavirus response which can only be described as a disaster of earth-shattering proportions, who are we to go on an international health crusade? There are millions of vulnerable Americans who are currently unable to receive adequate care. Our resources need to be going to them first, not abroad, and most certainly not to parasitic, too-big-to-fail corporations. My second objection: when was America's last successful large-scale international intervention, viole...
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Ascent of Money 2

Stocks and bonds are the two most traded assets available today. However, like with any investment, both possess inherent risks that are associated with them. Nevertheless, one would be remiss in not properly paying attention to an international trade whose value today hovers around $18 trillion. In fact, it makes sense that bonds were the second major development in the realm of money. Governments, especially in the times of war, needed monetary aid in order to provide for their invasions and conquests. This doesn't necessarily persist as much into the modern day (where invasions and conquests are not nearly as common as they once were). Nevertheless, bonds are still a major player in the world of finance. Additionally, the advent of proper record-keeping and financial numeration from people such as Fibonacci is a major player in the realm of bonds becoming more and more influential up until the modern day. This use of ledgers has continued in some form since then, although of cou...
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The Future of Work - Connor Morley

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The future of work in America is, like any prediction, ultimately uncertain, but there are numerous factors that are contributing to what can be predicted. Through the careful gathering of data by the McKinsey global institute, it is plain to see what jobs/lines of work are likely set to thrive and which ones might be in danger. It seems to be the trend that the jobs most in danger of displacement are the ones that are on the lower end of the pay scale. This appears to be correlated highly with jobs whose workers do not possess college degrees, as evidenced by this graph: Which shows that college degrees are more important than ever in a global economy less willing to shell out the big bucks on manufacturing and blue-collar work than ever, even though they constitute the largest portion of jobs in the world relative to other occupations, which really illustrates certain inequalities brought-on by a country exemplifying a capitalist model, such as the United States.  ...
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