Inflation is a key economic indicator that impacts consumers, businesses, and policymakers. Understanding inflation trends in G-7 countries provides a snapshot of the complex and interconnected global economic landscape. The G-7 consists of some of the world’s most advanced economies, including the U.S., Canada, Japan, Germany, France, the U.K. and Italy. Let’s delve into the…
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Mortgage refinancing jumps to the highest level since March 2020
Even though the U.S. economy remains burdened by the pandemic, prospective homebuyers and those seeking to refinance their existing mortgages are in for some good news. Following a two-week dip, mortgage applications saw a surge of 8.2%, according to the recent report by the Mortgage Bankers Association (MBA) for the week ending Jan. 29, 2021. Mortgage refinancing jumps to…
Lessons from the 1918 Spanish Flu
Covid-19 has many unknown factors which, like most pandemics, can impact the willingness to spend, invest and take risks. Uncertainties usually bring economy to a halt due to complete shutdowns of small businesses, production losses and increased unemployment.
AI could provide solutions for climate change
It takes approximately 40 minutes for 82,944 processors on the world’s fastest computer to compute what one percent of our brain calculates in a second. Despite this lag, AI has more promising solutions than humans when it comes to addressing the issue of climate change. Climate change is a serious issue that needs immediate attention across the…