Image for post
Image for post
Source: Nutra

JEC TORONTO — Just as every October, committees gathered in Norway and Sweden to select the Nobel Prize laureates for different prizes in economics, science, literature, peace-work, and economics. While there were a few changes to the process this year due to the coronavirus pandemic from hosting digital events to postponing award ceremonies for 2021, the biggest surprise might have been the winner of the 2020 Nobel Peace Prize: the United Nations’ World Food Programme (WFP).

About the Nobel Prize

The Nobel Prize, awarded every year since 1901, is considered to be one of the most prestigious awards in the world for intellectual achievement. A great amount of research goes into the selection process, adding to the prestige of the awards and the prizewinners. The institutions involved in the prize-awarding invite over 6,000 individuals (scholars, members of the institutions, diverse university and learned academy members and officials) to nominate candidates they believe to be deserving of the prizes. …


Image for post
Image for post
Bank of Canada Governor Stephen Poloz at March 27 news conference in Ottawa (source: Adrian Wyld)

As a number of businesses in Ontario are to reopen on Tuesday, May 19 in order to jump-start the economy, concerns around Canadian health and the economy have only increased. While Premier Doug Ford has stated confidently on numerous occasions that Ontario is ready to reopen businesses, Ontario health officials including the Chief Medical Officer Dr. David Williams have expressed their professional judgement. Williams has made it clear he is not convinced that Ontario is ready for the “restart phase”, and that he would have recommended it himself if the province were ready for such a shift.

Among the several businesses being allowed to reopen this week are construction and essential workplaces, as well as all retail stores being allowed to open with limited capacity. However, businesses are encouraged to only reopen if they are ready. If businesses choose to reopen they will be under strict public health measures as precaution to prevent a second wave of the virus. Public health officials are asking that businesses take measures from providing online ordering, delivery or pick-up if possible, to providing enough tools and materials on worksites so that employees do not have to share. Many store owners are in the process of adapting their services to not only create a safe environment for their employees, but also their customers. …


Image for post
Image for post
Source: Karim Salaheldin

The American Dream has always been a long coveted, well, dream. In all fairness, the American Dream is no easy feat — sure, it may have become much easier now than perhaps when it was first coined in the 1930s, but the reality is, the American Dream is still nothing but an impossible dream for many.

Well, maybe for Americans at least.

Studies show that in the US, an important factor to one’s success is the wealth of their parents, but in Canada individuals born to poorer families have a higher chance of receiving good education, owning a home, and in general leading better lives than their parents, than their American counterparts. …


Image for post
Image for post

The coronavirus has had significant impacts on the global economy, and the United States is no stranger to its repercussions.

The US government reported that the number of initial unemployment claims rising to 281 000 in the last week is far larger than any movement during, and since the Great Recession in 2008.

In the last week, the American markets came to a halt with investors panicking over the viral outbreak. …


Image for post
Image for post
Source: RW3

Despite Canada not being as well-known for producing successful start-ups as its American neighbours are, Toronto has been ranked as the 15th best start-up ecosystem in the world in 2019. In 2017 alone, there were almost 1,115,000 active enterprises in Canada with 64.6% containing four employees or less.

In a recent survey conducted by Sage, it was found that one in three working Canadians manage their own businesses on the side. It was also found that one in six working Canadians have participated in the gig economy. …


Image for post
Image for post

For many years, structural adjustment programs (SAPs) have been criticized for resulting in, or increasing the level of poverty in developing countries as opposed to increasing economic development. SAPs were developed in the 1980s when more and more countries were in favour of limiting the amount of state or government intervention to allow for economic development to occur through free markets: economic systems where prices are decided on by unrestricted competition between businesses in the private sector. …


Image for post
Image for post

Human rights have no doubt become a topic of concern for businesses everywhere. In recent years, many large corporations have done everything in their power to make political stances on certain topics of debates- others did everything in their power to capitalize the very existence of these issues.

The LGBTQ+ community has been fighting for their rights for many years, and it seems as though the world is finally coming to accept these differences and embrace them. It would only make sense for people to show their support for their loved ones who identify as queer- these are basic human rights and common decency. But what happens when businesses take it a step further? …


Image for post
Image for post

The Repo Market, while many are unaware of this term, has spiked to become a trending Google search following the commotion that occurred on Thursday September 19th. In the United States, it is one of the most vital parts of its financial infrastructure, but one that remains a mystery for most. Bloomberg compares the Repo Market to the plumbing of a house- you only notice it when it springs a leak.

What is the Repo Market?

The Repo Market is defined as the place where cash and securities come together in the form of repurchase agreements. A repurchase agreement, or repo for short, refers to a financial contract where a security vendor will agree to repurchase securities from a buyer at an agreed upon price. In particular, the securities dealt with are usually government securities, and repurchasing can be seen as forms of “short-term” borrowing for such vendors. A dealer will sell the government securities it has to interested investors and typically buy them back from them within a day. …

About

Naoshin Fariha

A grade 12 student with a passion for marketing and global politics. Finding my place in a rapidly evolving business world by writing about topics that matter.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store