The EU always striving for its greater unification and the creation of a federation of states has taken a small step towards that direction. As of the 15th of June, roaming charges that existed since the dawn of times no longer apply!
It is almost that time of the year again. Exams are over, there is no new semester to start and you finally have some free time. That’s right, it’s almost time for the holidays! Time to enjoy the summer and get some new energy before you start yet another year of school. But how do we do that? Let’s look at some of the trends in the travel industry.
Do you still remember the hit songs Smack That, Lonely and Don’t Matter? Around the summer of 2010 the African rapper Akon became world famous with these songs. Akon produced two multi-platinum albums which made him a wealthy man. Today, 7 years since he released his last album, Akon is closing in on Jay-Z to become the richest rapper in the world. This status is not just reached by the royalties earned on his music; but Akon has spent the last years working hard on his solar energy company, and it has been very successful so far.
Online education has become a very popular mean of learning in present times. The raise of the internet has allowed for people of all backgrounds and interests to access thousands, if not, millions of resources of information of any field. The best thing is that many of these resources do not constrain people in terms of money as they are free and sometimes, very cheap. In this article, I want to talk about the type of information we consume out of curiosity and in our free time. This is a kind of informal education that has become very popular in the last years with the raise of the internet. After all, we as humans are very curious by nature and we will ask questions when we face something that interests us, even if it’s not in our field of expertise.
We all know the world is pretty unstable at the moment. Some examples are the terrorist attacks in Manchester, London, Paris, Nice, Indonesia, Egypt etc. The social effects are incredibly large, but you also might wonder what the impact is on the economy.
Last year an unknown price competition was going on between oil leaders. By increasing production, and thereby lowering the market price for oil, they tried to compete each other out. On November 2016, members of the Organization of the Petroleum Exporting Countries (OPEC) and ten other countries, among them Russia, decreased part of their production. This month the same leaders decided to extend this policy for nine months. The goal is to increase the price of oil, but MarketWatch came up with an interesting thread by looking at history.
In March I went to Ghana together with another student and our professor Daan van Soest to conduct a field experiment for our thesis. In cooperation with the World Bank and the government of Ghana, we conducted an experiment with farmers in the North of Ghana. This experiment is part of a large project, the Sustainable Land and Water Management Project, which is aimed at reducing land degradation and to enhance maintenance of biodiversity by planting trees. To increase the number of trees which survive, farmers are financially incentivized to take care of the trees. In our experiment we tested different treatments to select farmers to participate in the program.
In the last article we observed the economics recessions in Venezuela, but how do they affect the social life of the individuals?