Global Economy

The New West African Currency

The New West African Currency Postponed For Now

Governors of the eight countries of the West African Economic and Monetary Union (WAEMU) and the wider 15-member Economic Community of West African States (ECOWAS) anticipated the French colonial CFA franc’s replacement would be set in place by the end of this year. The acknowledged criteria among WAEMU affiliates for the currency’s launch were national …

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The Popular Loom Network Explains Concerning Leaks Published

The Popular Loom Network Explains Concerning Leaks Published

 The leak claimed that the project, and possibly the whole Loom Network, no longer actively being developed. The previous employee, who has not worked for the company in more than a year, declared that the issues predominantly originated from Loom’s former CEO, Matthew Campbell. Campbell resigned Loom in Feb. 2020 and was superseded by a …

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In The U.S., There Still Remains Huge Economic Inequality

In The U.S., There Still Remains Huge Economic Inequality

Congress members,  a number that all of your components will understand: $42,000. That’s the amount of money the average full-time, prime-age employed self would make if we cleared the past four decades’ economic imbalance. Rather than $50,000 a year, they would make $92,000. Or, in other words, that $42,000 is the money taken from the …

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Households In The U.S.

There Is A Huge Imbalance Between Households In The U.S.

Profits continue mainly to wealthy households, even as tens of millions of individuals sustained job losses and contracted incomes. The Federal Reserve stated that American families’ net worth surged nearly 7% in the April-June quarter to $119 trillion. That number had dropped to $111.3 trillion in the first quarter when the COVID-19 hit the economy …

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