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Articles on Economy

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U.S. taxpayers spend more than $2 billion annually in tax preparation fees. Nora Carol Photography/Getty Images

Why can’t the IRS just send Americans a refund – or a bill?

Dozens of prosperous countries save billions of dollars and hours annually by not requiring residents to fill out tax returns, so what is the United States waiting for?
Texas’ announced it is ending its COVID-19 restrictions. Its vaccination rate is among the lowest in the U.S., and its case numbers are still high. Montinique Monroe/Getty Images

States drop COVID-19 mask mandates but still expect people to mask up – will they?

The COVID-19 case spike in the summer of 2020 and earlier attempts to rely on personal responsibility, like wearing seat belts, showed that mandates make a difference.
The success of Brazil’s vaccine program will have a ripple effect on countries to which it exports commodities such as steel. Michael Dantas/AFP via Getty Images

The $4 trillion economic cost of not vaccinating the entire world

The world’s most advanced economies will incur half the total costs associated with a failure to vaccinate poorer nations, which could exceed $4 trillion if only half their citizens are inoculated.
AirBNB IPO share price as at December 10, 2020.

Airbnb going public is a maverick move

Airbnb is taking a very bold step by issuing a multi billion dollar IPO during a global economic slowdown – something that was unthinkable a few years ago.
Global economic support for COVID-19 relief is providing an opportunity to kick-start a shift toward a green future. Maksim Chernyshev/EyeEm via Getty Images

Coronavirus relief funds could easily pay to stop the worst of climate change while rebooting economies

Over US$12 trillion of COVID-19 relief has been promised. If a small portion was put toward economy-boosting green investments, the world could get on track to avoid the worst of climate change.
The next administration will need to carefully weigh the economic, social and environmental impacts of both climate change and the policy responses. Jim Watson/Getty Images

Biden’s climate change plans can quickly raise the bar, but can they be transformative?

After four years of the US government undoing climate change policies and partnerships, a Biden administration has a chance to rebuild that leadership. But success will require more than quick wins.

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