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Did the newly confirmed U.S. Ambassador to India, Sergio Gor, meet with Prime Minister Narendra Modi to discuss trade, defense, and technology cooperation?
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Fostering Ties: US Ambassador Sergio Gor Meets PM Modi Indeed, the recently appointed US Ambassador to India Sergio Gor had a meeting with Prime Minister Narendra Modi in New Delhi to talk about significant areas of bilateral cooperation…
Read more ↗Did Donald Trump lose the 2025 Nobel Peace Prize to María Corina Machado?
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2025 Nobel Peace Prize Winner: María Corina Machado María Corina Machado, who has long been an outspoken advocate of democratic reform in Venezuela, was the winner of the 2025 Nobel Peace Prize for demonstrating "courageous leadership and dedication…
Read more ↗What are the distributional effects of tariffs?
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What "Distributional Effects" Are When economists refer to distributional effects, they're wondering: How do tariffs' costs and benefits fall on society's various groups? Tariffs don't only increase the price of foreign goods—they redistribute income among con…
Read more ↗Can a country improve its terms of trade by imposing a tariff?
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What "Terms of Trade" Actually Is Terms of trade (ToT) quantify the value of a nation's exports in relation to its imports. Simply put, it is the rate at which you exchange what you sell to the world…
Read more ↗Do tariffs reduce welfare, and if so, by how much?
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What "Economic Welfare" Actually Is In economics, welfare is not only government assistance or people's social programs. It means the general well-being of individuals within an economy — generally quantified in terms of: Consumer welfare (how satisfied consum…
Read more ↗How much of a tariff shock is passed through to consumer prices?
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The Basic Idea: Who Pays the Price? Suppose a nation puts a 10% tariff on imported electronics. The government raises 10% on every imported good, but where the burden ultimately falls depends on price adjustment. If foreign manufacturers…
Read more ↗How can we ensure that advanced AI models remain aligned with human values?
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How Can We Guarantee That Advanced AI Models Stay Aligned With Human Values? Artificial intelligence was harmless when it was just primitive — proposing tunes, creating suggestion emails, or uploading photos. But if AI software is writing code,…
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