A group of Mexican investors have (jokingly) opted the idea that their government should buy Twitter. This may seem like a surreal trade, but the explanation makes sense. Since Donald Trump’s election as the 45th president of the United States in November of 2016, the Mexican government has spent a large portion of the national reserves on protective measurements for their national currency, the peso. The Mexican investors noticed a relation between the anti-Mexico tweets sent out by Donald Trump and the real-time value of the currency. The exchange rates took large drops for every tweet. The Mexicans said that the government would be better off buying Twitter, so they could stop Trump from tweeting, to eventually save the peso. This transaction would in the end be cheaper than all the protective measurements.
“Let’s assume” these are the words that are often at the beginning of every economic argument. At University we learn to think about ‘what happens if’, but only using a certain starting situation. Reality is different. In reality policy advices are never (no, not almost – I really mean never) directly translated into laws and regulation.
In democracies such as the one you find in the Netherlands, these suggestions are first thoroughly inspected by the parliament, and in the Netherlands the interesting stuff tends to happen in the Second Chamber of that parliament. For the past 4 months I have had the pleasure of working as an parliament intern (as I will for the coming months during amongst other the elections).
This has lent me a different perspective as compared to when I was studying Economics as Tilburg University. And when I say difficult I would with some hesitation argue that my perspective is now more complete, which is why I’m honoured to be able to share this on Off the Charts.
Have you ever wondered what a bank run is? And why this phenomenon occurred a lot during the financial crisis? This video explains it!
On November 30th, the Talent Day from Asset | Economics took place. Five companies presented themselves and offered workshops and casestudies to the Master-students and third-year Bachelor students in Economics. The idea of the day is to prepare students for the labor market and to let them meet possible future employees.
In the United States a silly idea emerged which is called YesCalifornia. Inspired by the Brexit, they are a group who are actively promoting a Calexit. They are asking for the support of citizens on a referendum which would be held in March 2019 and could enable California to become an independent country. Since the presidential elections in November, this idea has grown quite a lot in popularity. What started out as a silly and sarcastic idea is now growing into a serious suggestion.
A year ago I could no longer deny that the time of studying was coming to an end. Many of you will recognize the helpless feeling of having all the possibilities in the world but not a clue of what to do next. To decide I made a list of all possible plans: finding a job, doing another study, go traveling and more. I made a list of countries where I could go to for traveling or studies. I consulted a lot of friends and had some sleepless nights because of all the freedom I had. Suddenly my old dream of studying Spanish returned. Years before I did the beginners course of Spanish at the Language Center of the university. For the ones that don’t know: you can study languages for free at Tilburg University (with the vouchers all students receive). I cannot encourage you more to do so. Learning a language opens a new world, a new way of thinking and a lot of people to talk to. However, the best and most fun way to learn a language is of course to learn it in a country where they speak the language. Last September I flew to Valencia and went back to school.
It is almost December! December is one of my favourite months. I’ll admit, I’m not a big fan of the cold and the rain. What I do love though is Sinterklaas, Christmas and New Year’s. Just spending time with family and friends. It is the month of celebrations and the month of giving. One of the big events in the Netherlands is the glass house of 3FM Serieus Request, where everybody listens to music and donates money. Last year they collected an amount of 8.466.249 euros! But why do we donate money to charity?
Thursday the 23th of June in the East of Brabant a hailstorm like no one has ever seen before caused damage on cars and roofs. Farmers were also hit by damage of their glasshouses, barns as well as crops. This on top of damage by flooded fields due to heavy rainfall this season makes the crop season 2015 – 2016 a disaster for farmers of the southeast of the Netherlands. The estimated damage, of which part is insured and part is not, is around 500 million euros according to farmer organization ZLTO.