An English teacher co-teaching trigonometry asked students to explain an equation to a child and to transform discrete problems into a story. I had always hated math. Now I suddenly find myself teaching trigonometry. I was an English teacher in Chicago Public Schools with certification in special education. When my school experienced a shortage of … Read more
The two actors play odd-couple cousins who travel to Poland to honor their Holocaust survivor grandmother. It’s been a week since Kieran Culkin won an Emmy for his portrayal of Roman Roy in the final season of Succession, and now, he’s captivating audiences at the Sundance Film Festival with a performance that is equally impressive. … Read more
In today’s fast-paced world, the demand for skilled professionals in various fields is constantly growing. Mechanical engineering, in particular, stands as a cornerstone of innovation and technological advancement. With the advent of online education, the accessibility and flexibility of learning mechanical engineering have greatly improved. Online mechanical engineering courses offer a plethora of benefits to … Read more
Small firms dominate the economies of developing countries. This phenomenon occurs in all sectors, but it is particularly salient in the retail sector. For example, in Mexico, there is one mom-and-pop shop for every 100 inhabitants, while in the United States, there is one mom-and-pop shop for every 2,200 inhabitants. These stores are not just … Read more
Big tech companies across the world have started to offer lending services in recent years, either directly or in partnership with financial institutions. In China, Alibaba, Baidu, and Tencent all offer credit services through their subsidiaries, while in the United States, Apple, Amazon, and Google also offer credit services. Aided by advantages in information, distribution, … Read more
Bank branch density, defined as the number of bank branches per $1 billion in deposits, has declined significantly over the past decade. While total bank deposits almost doubled between 2016 and 2022, the number of bank branches declined by approximately 15 percent. The decline in branch density, which was facilitated by investment in technology and … Read more
Credit markets are often affected by market failures, which makes them prone to government interventions. While there are many ways in which governments can intervene in financial markets, a common method is through state-owned banks. These financial intermediaries allow governments to lend directly to households and firms and are commonly found across the world. Development … Read more
Having a financial account is essential for adults to save, borrow, make payments, and manage unexpected expenses. However, financial products come with risks, especially for those with limited financial knowledge or living in countries with poor consumer protection systems. Inexperienced account owners are vulnerable to fraud, over-indebtedness, and misunderstandings about account terms and fee structures. While increasing … Read more
The relationship between rising inflation and economic growth is a topic of ongoing debate in macroeconomics. According to the classical “neutrality of money” view, increases in inflation have little effect on real gross domestic product (GDP), as inflation increases both prices and wages similarly and merely alters the units of measurement. A related viewpoint is … Read more
West African Economic and Monetary Union (WAEMU) countries have seen increased financial account ownership since 2014, with mobile money accounts driving adoption and usage. On average, 41% of adults in the WAEMU have an account with a bank or similar institution or with a mobile money service. Senegal has the highest account ownership rate at … Read more