All posts by Stephen Mackey

The Northern Irish Border Riots of 2021, Explained



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After the United Kingdom Brexited and left the European Union the Irish and Northern Irish border have come under fresh scrutiny. Over the last weekend, we saw the worst riots in Northern Ireland in years, spurring fears of a renewed conflict. Here’s what’s happening.


Biden’s New 2021 Corporate Tax Reforms; Closing the Loopholes, Explained



#taxhavens #taxloophole #taxrevolt

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In order to pay for his two trillion dollar infrastructure plan, Biden is reexamining loopholes in the corporate tax code. This includes creating a new corporate income tax, cracking down on tax havens, and raising the corporate tax rate from 21% to 28%. Here’s exactly what’s happening!


The 2021 Filibuster Fight; The Senate Filibuster’s Past, Present, and Future, Explained



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The Senate’s filibuster is coming under fresh scrutiny with a 50-50 split in the senate. With different reforms being debated, here’s a review of the senate Filibuster’s past, present, and future.


Should College Athletes Be Paid? An NCAA Antitrust Lawsuit Gets to the Supreme Court



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The NCAA has a long history of forbidding colleges to pay their athletes in order to protect their amateur brand. With ballooning revenues, a collection of players are using the Sherman Antitrust Act to sue the NCAA for organizing competing colleges in a joint venture that caps player pay at zero. Here is exactly what’s happening


What’s a SPAC? A Booming IPO Investing Strategy Explained for Dummies



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SPACs, or blank check companies, are a new strategy smaller companies are using to go public. Here’s how large incorporated piles of money are merging with private companies to bring them into the public.


Turkey’s 2021 Currency Crisis, Explained



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Turkey has just fired their fourth Central Bank Governor in that many years. With people losing faith in their currency and foreign debts growing, here is exactly what is going wrong for the Turkish economy.


The 2021 Border Crisis; How We Got Here, Explained



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The last for years have been a wild ride for immigration policy. Between Family Separations and Remain in Mexico Policies, here is how the modern infrastructure for dealing with immigrants, and how Biden is tweaking it.


Clash of the Central Bankers; Yield Curve Control vs. Stimulation, Explained



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With Bond Yields on the rise, the world’s central bankers are being pulled in different directions. The Bank of Japan and European Central Banks are trying to drive down borrowing costs for their governments by controlling the yield curves. America’s Central Bank is focused on getting cash into the hands of America’s banks so they can lend it out. Here is exactly what this ideological conflict looks like.


The Supreme Court 2021 Voting Rights Fight, Explained



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The Supreme Court just heard oral arguments in the consolidated cases of Brnovich v. The DNC and the Arizona Republican Party v. The DNC. The question is whether two separate voting laws in Arizona limit voting opportunities for protected minorities. Here’s what the tests say and why the fate of the Voting Rights Act rests in the hands of a few judges.


China’s Dual Circulation Economic Strategy, Explained



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China is currently engaging in planning out the next five years of their economy. This new plan revolves around the ideal of “Dual Circulation”, a plan that will make China independent from the rest of the world. Here is the basics of the plan and what’s being debated.