The World This Week: 20th March
Aggregate Demand and Supply
Biden to propose tax hike on highest earners to fund Medicare
President Biden is expected to announce a plan this week to increase tax for those earning over $400,000 a year. The revenue raised from the tax will be spent on extending Medicare, a federal insurance […]
Consumer and Business Behaviour
Kentucky Bourbon Industry Braces for Potential 50% EU Tariff
Kentucky’s renowned bourbon industry is under threat of a substantial 50% tariff on exports to the European Union. This looming tariff, a potential outcome if the Biden Administration and EU do not finalize a trade […]
Consumer and Business Behaviour
China’s Economic Recovery Boosts Sales for U.S. Companies
China’s economy is recovering from a slowdown caused by the COVID-19 pandemic, and this is good news for U.S. companies that do business in China. Starbucks, Yum Brands, MGM Resorts, and Tapestry are just a […]