People call it a “21st century paradox” when they collectively discuss Detroit’s recent auto show with its bankruptcy. The bankruptcy involves more than $18 billion debts, and is the largest public case in US history, while the 2014 North American International Auto Show (NAIAS) in Detroit is estimated to generate near $400 million for the […]
Author: Hilda Li
What’s the Value of A Liberal Arts Degree These Days
Many seniors are graduating this fall or next winter. It is a good time to be retrospective and evaluate whether they have a fruitful undergraduate study. A question one could ask is: is my undergraduate degree a good investment? One way to answer this question is to look at the employment data as a […]
The Road Is Not Paved With Good Intentions
On October 31st, I checked my inbox and spotted an email with the subject-heading “Fraternity Party Incident,” announcing that a fraternity party was cancelled for denigrating women and identifying people through cultural stereotypes. The email acknowledged that this kind of behavior is intolerable by the University and how it will be corrected and prevented from […]
Economics of Health Care System
There should be government interventions insomuch that the government helps fix market inefficiencies so that the health care system can in the future be semi-autonomous. The worry of inefficiency is well grounded in the fact that the system is absurdly expensive compared to other developed countries. Nearly 18% of GDP ($2.5 trillion) is contributed by […]