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US Labor Market Faces Slowdown Amid Government Shutdown Uncertainty

Private payrolls in the US took a significant hit in September, adding complexity to an already uncertain economic landscape. With the government...

The Cycle of Renewal: Creative Destruction in Economics and Art

In 1942, economist Joseph Schumpeter introduced the concept of creative destruction in his seminal work, Capitalism, Socialism, and Democracy. He described it...

The Hidden Costs of Externalities: Offloading Harm in a Globalized World

In economics, externalities are costs or benefits that affect parties who did not choose to incur them. A factory polluting a river,...

The Dual Economy: Parallel Worlds in One Nation

In many countries, a striking economic divide persists which is known as the dual economy. This phenomenon describes the coexistence of two...

US Economy Adds Over 250,00 New Jobs In November As Inflation Begins To Slow

The US Economy added 263,000 jobs in November, defying aggressive action from the Federal Reserve to cool the economy and bring down...

US Median Income Hit Record Level In 2019, Census Data Shows

US Median Household Income hit a record high in 2019, and the poverty rate fell, according to a government survey released on...

US Economy Declines Nearly 33% In The Second Quarter Of 2020

The US Economy contracted at a 32.9% annual rate from April through June, its worst drop on record, the Bureau of Economic Analysis said on...

OurWeek In Politics (July 22, 2020-July 29, 2020)

Here are the main events that occurred in Politics this week: 1.Senate Republicans Introduced Coronavirus Relief Package

House Of Representatives Approves New Coronavirus Stimulus Package

On May 15, the House of Representatives passed a $3 trillion tax cut and spending bill aimed at addressing the devastating economic fallout from...

Preliminary “Black Friday” Sales Reports Reveal that Online Sales Brought in a Record $6 Billion in the US

More shoppers turned to the internet for deals to kick off the holiday shopping season as opposed to shopping at traditional retail stores, data...

International Trade & Classic Liberalism

In recent centuries, many different economic theories have emerged to address pressing economic issues facing individual societies and the global economy. Diverse economic theories...

Ayn Rand: Capitalism and Objectivism Manifested in Atlas Shrugged

One of the most significant political theories of the 20th Century is Ayn Rands Objectivism. Rand is known for promoting the philosophical idea of...

“The Elusive Republic” Book Review

Throughout the 1980 book The Elusive Republic: Political Economy in Jeffersonian America, Drew McCoy attempts to explore the competing economic visions in the U.S....

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Trump Administration Cuts Nearly $8 Billion in Clean Energy Projects in States that Voted for Kamala Harris

The Trump administration on October 2 terminated $7.6 billion in grants funding 223 clean energy projects across 16 states, all of which...

OurWeek In Politics (September 24, 2025-October 1, 2025)

Here are the main events that occurred in Politics this week: 1. President Donald Trump Attacks UN and Lectures...

US Labor Market Faces Slowdown Amid Government Shutdown Uncertainty

Private payrolls in the US took a significant hit in September, adding complexity to an already uncertain economic landscape. With the government...

Government Shutdown Begins

On October 1, the US federal government shut down, marking the first such closure since 2019. The shutdown, triggered by a contentious...