Will Foxley Smith

Will Foxley Smith is an editorial intern from Grove City College. He studies economics and history and is a participant in the Young Writers Program.

 

Mr. Powell, Lower That Interest Rate!

 

Donald Trump blasted the Federal Reserve last week, labeling them his “biggest threat” on account of another interest rate hike in September. Since July, Trump has repeatedly jabbed at the Fed, letting Federal Reserve Board of Director Jerome Powell feel the heat. Trump’s statements point to a fundamental weakness in the American economy–the movement of […]

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Verizon

Verizon Rolls Out 5G Eight Months After Trump Nationalization Memo

 

Verizon shot the first round in the 5G armament war this week with the introduction of “Verizon 5G Home.” The largest domestic mobile career, Verizon is pulling a quick draw on the ever evolving tech market in an attempt to outdistance its competitors. According to Gizmodo, 5G will be available in Houston, Los Angeles, Sacramento, […]

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Who Cut the Music? Speculation in Trump’s Economy

 

The Trump economy is quite the party. Stocks are soaring, jobs are easy to come by, and incomes continue to rise across the U.S. Yet, September’s IBD/TIPP poll, one of only two polls to correctly predict the 2016 election, is playing party crasher. Of the three items polled, Six-Month Economic Outlook, Personal Financial Outlook, and […]

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Your Search Has No Results: Conservatives, Trump, and Google

 

Donald Trump whipped up another fake news tirade this past week, lambasting tech media giants, particularly Google Inc., for “suppressing voices of Conservatives and hiding information and news that is good.” In conjunction with Trump, head economic adviser Larry Kudlow issued a statement Tuesday demonstrating the administration’s possible interest in search engine regulation. Trump’s tweets […]

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German Bank

The Low Down on Big Tech’s Troubles

 

Mainstream big technology companies’ market value has exploded in 2018. At first glance, the rise seems understandable. The technologies developed are ubiquitous. When taking a closer look at the numbers, with particular reflection on the 2008 financial crisis, some serious questions arise pertaining to consumer sovereignty, growth longevity, and inflation. These dangers may pop the […]

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Apple

Golden Delicious: Apple Inc. Hits $1 Trillion

 

Apple Inc.’s stock value topped one trillion dollars yesterday. Apple gained 2.9% from its opening, briefly tipping to one trillion, followed by a selloff. The stock ended the day above one trillion at $207.39 a share. The first member of the FAANG (Facebook, Amazon, Apple, Netflix, and Alphabet’s Google) pack to reach the symbolic mark, […]

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Congress on Crypto: Is Bitcoin the Future of Money?

 

On July 18, the U.S. House Committee on Financial Services conducted its second hearing on digital currencies with an almost exclusive focus on cryptocurrency. Chairman Andy Barr (R-KY) focused the committee on two questions: 1) Are digital currencies going to have only a niche appeal or will they fundamentally change the economy and 2) how […]

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Slap on the Wrist or Slap in the Face? EU Fines Google $5 Billion

 

If you searched ” Google” on Google yesterday, two headlines would appear. First, the European Union levied a 5.1 billion dollar anti-trust fine against Google regarding its Android operating system. Second, Google unveiled plans to lay an additional trans-Atlantic cable from Virginia to France. Assuming that trust busting is economically beneficial, the EU’s actions against […]

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Trump Tariffs Only Tip of the Iceberg for China

 

China can’t get out of its own way. At a Foreign Affairs Congressional Hearing last Wednesday, a panel of congressman and economists agreed that action needs to be taken against China’s “predatory trade practices.” What that looks like, however, is up for debate. Luckily for the panel, they may not have to decide. Will the Year […]

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Hades in Haiti: Pillaging Port-au-Prince

 

This past weekend, the Haitian government, headed by Prime Minister Jack Guy Lafontant, announced price spikes on oil products. The economic shock has rocked Haiti, inciting the worst riots since the coup d’état of the early 1990s. Haiti, the most impoverished country in the Western Hemisphere, continues to be the victim of government planning and financial recklessness. […]

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