April 2nd, 2025, was declared Liberation Day by President Donald Trump. He announced widespread “discounted reciprocal tariffs” calculated by trade deficits between the United States and other nations. These tariffs are meant to protect American industries, promote domestic production, and lessen our dependence on other countries. Other nations potentially responding with reciprocal tariffs creates a complex situation where the winners and losers are unclear.
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Recent deadly wildfires in Los Angeles have once again highlighted the devastating impact of climate-driven natural disasters. With thousands of acres burned, hundreds of homes lost, entire communities displaced, and multiple lives lost, it is clear that there is too much to lose by not investing in resilience. Quantitative resilience investment analysis is necessary for […]
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The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded to Daron Acemoglu and Simon Johnson from Massachusetts Institute of Technology, and James Robinson from the University of Chicago. The laureates began researching to solve the question: why are some nations rich and some are poor? In their research, they analyzed […]
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