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Posts published in “Business & Markets”

The Federal Reserve’s Role in Controlling Costs

Inflation in the U.S. is at a 30 year high, and many Americans have noticed a cost increase in the items that they purchase every day. Last month, President Biden renominated Jerome Powell to a second term as Federal Reserve chair and combating inflation will be Powell’s top priority entering this term, or at least the priority that people care about the most. There are several levers that the Fed can pull to attempt to combat this inflation. As Powell announced last month, quantitative easing is the lever that they plan to pull right now. Quantitative easing, or QE, is a Fed program that purchases financial assets from the market in order to get more cash into the American economic system.…

Wellness & Busyness Part 2: Interview with Allyson Dhindsa, Career Coach at Stern

This interview is a follow-up to our Wellness & Busyness article from November, in which we received an overwhelming response from students regarding their tactics to balance life, work, and attaining MBAs in a society that tends to glorify “busyness.” Allyson Dhindsa is an associate director in the Office of Career Development at Stern. She coaches full-time MBA students 1:1 as well as in groups, on attaining internships and full-time roles, particularly those with non-traditional backgrounds. She looked over our raw data (anonymous still) from the survey and sat down with me to give her thoughts on busyness in business school, from the perspective of a career coach.…

The Rise of Business Development Companies

Lately, there has been a lot of buzz surrounding business development companies and people’s preference toward them as opposed to investment banks. Business development companies are essentially publicly traded closed-end funds that provide capital appreciation and income. BDCs give smaller companies the capital they need for growth. They are independent and answer to their own board of directors. BDCs are a combination of an investment company and an operating company that provide financing to small- and mid-sized businesses.

Small to mid-sized businesses prefer BDCs to investment banks because investment banks are highly regulated by the Federal Reserve. BDCs represent a transparent portfolio of loans that can be traded publicly with little to no regulation.…

The High Cost of the Holidays during Covid

This year, it looks like there’ll be one uninvited guest at your house for the holidays: inflation. The coming holiday season will be one of the most expensive on record given the rising costs of food (a 5.3% gain since last year) and a higher Consumer Price Index (a 6.2% rise since last year). The CPI reached a 30-year high in October, according to the U.S. Bureau of Labor Statistics. Rising inflation might cause the Federal Reserve to continue its policy course. However, according to experts, these bumps are all very normal as the economy gets back up and running. 

Supply chain issues continue to be a problem as well.…

The Boost to the Covid Vax

The air is brisk, the days are shorter, and the temperature is dropping, which can only mean one thing: It’s respiratory virus season. Or at least it’s a notable season for us health care workers, especially those of us who work in pediatrics. Respiratory viruses increase in prevalence during the winter months. This is because viruses can survive longer in colder temperatures and lower humidity and because people spend more time inside during the winter. But I’m not here to remind you of elementary science. I’m here to talk about the science behind the Covid vaccine and some of the uncertainties.…

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