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Soumaya Keynes
Soumaya Anne Keynes (born 1 August 1989) is a British journalist, economist, the Britain economics editor at ''The Economist'' magazine, and the co-host of a podcast covering economic trade called Trade Talks. Her work at ''The Economist'' was focused on the US economy and the trade policies of Donald Trump's presidency. Her career in economic research began as a policy adviser for Her Majesty's Treasury in London, looking at banking and credit. Afterward, she worked at the Institute for Fiscal Studies, focusing on pensions and public finances. Early life and family Soumaya Keynes was born in Britain on 1 August 1989, to Zelfa Hourani and conservationist Randal Keynes. Her younger brother, Skandar Keynes (born September 5, 1991), a political adviser and former actor. Soumaya Keynes also worked as a child actress. On her maternal side, her grandfather was Lebanese author Cecil Hourani, an advisor to the late Tunisian president Habib Bourguiba. The Hourani family were immigrant ...
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Trinity College, Cambridge
Trinity College is a constituent college of the University of Cambridge. Founded in 1546 by Henry VIII, King Henry VIII, Trinity is one of the largest Cambridge colleges, with the largest financial endowment of any college at either Cambridge or University of Oxford, Oxford. Trinity has some of the most distinctive architecture in Cambridge with its Trinity Great Court, Great Court said to be the largest enclosed courtyard in Europe. Academically, Trinity performs exceptionally as measured by the Tompkins Table (the annual unofficial league table of Cambridge colleges), coming top from 2011 to 2017. Trinity was the top-performing college for the 2020-21 undergraduate exams, obtaining the highest percentage of good honours. Members of Trinity have been awarded 34 Nobel Prizes out of the 121 received by members of Cambridge University (the highest of any college at either Oxford or Cambridge). Members of the college have received four Fields Medals, one Turing Award and one Abel ...
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Lebanese People
The Lebanese people ( ar, الشعب اللبناني / ALA-LC: ', ) are the people inhabiting or originating from Lebanon. The term may also include those who had inhabited Mount Lebanon and the Anti-Lebanon Mountains prior to the creation of the modern Lebanese state. The major religious groups among the Lebanese people within Lebanon are Shia Muslims (27%), Sunni Muslims (27%), Maronite Christians (21%), Greek Orthodox Christians (8%), Melkite Christians (5%), Druze (5.2%), Protestant Christians (1%). The largest contingent of Lebanese, however, comprise a diaspora in North America, South America, Europe, Australia and Africa, which is predominantly Maronite Christian. As the relative proportion of the various sects is politically sensitive, Lebanon has not collected official census data on ethnic background since 1932 under the French Mandate. It is therefore difficult to have an exact demographic analysis of Lebanese society. The largest concentration of people of ...
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Big Mac Index
The Big Mac Index is a price index published since 1986 by ''The Economist'' as an informal way of measuring the purchasing power parity (PPP) between two currencies and providing a test of the extent to which market exchange rates result in goods costing the same in different countries. It "seeks to make exchange-rate theory a bit more digestible." The index compares the relative price worldwide to purchase the Big Mac, a hamburger sold at McDonald's restaurants. Overview The Big Mac index was introduced in ''The Economist'' in September 1986 by Pam Woodall as a semi-humorous illustration of PPP and has been published by that paper annually since then. Although the Big Mac Index was not intended to be a legitimate tool for exchange rate evaluation, it is now globally recognised and featured in many academic textbooks and reports. The index also gave rise to the word ''burgernomics.'' The theory underpinning the Big Mac index stems from the concept of PPP, which states th ...
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Literature Review
A literature review is an overview of the previously published works on a topic. The term can refer to a full scholarly paper or a section of a scholarly work such as a book, or an article. Either way, a literature review is supposed to provide the researcher/author and the audiences with a general image of the existing knowledge on the topic under question. A good literature review can ensure that a proper research question has been asked and a proper theoretical framework and/or research methodology have been chosen. To be precise, a literature review serves to situate the current study within the body of the relevant literature and to provide context for the reader. In such case, the review usually precedes the methodology and results sections of the work. Producing a literature review is often a part of graduate and post-graduate student work, including in the preparation of a thesis, dissertation, or a journal article. Literature reviews are also common in a research propo ...
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Budget Of The United Kingdom
The Budget of His Majesty's Government is an annual budget set by HM Treasury for the following financial year, with the revenues to be gathered by HM Revenue and Customs and the expenditures of the public sector, in compliance with government policy. The budget statement is one of two statements made by the Chancellor of the Exchequer in the House of Commons, with the Spring Statement being made the following year. Budgets are usually set once every year and are announced in the House of Commons by the Chancellor of the Exchequer. Since autumn 2017 the United Kingdom budget typically takes place in the Autumn in order to allow major tax changes to occur annually, well before the start of the fiscal year. The most recent budget was presented by Rishi Sunak on 27 October 2021. Sunak’s successor, Kwasi Kwarteng, delivered a fiscal event in September 2022. His successor Jeremy Hunt delivered another fiscal event in November 2022. Although not an official budget statement, they ...
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State Pension (United Kingdom)
The State Pension is part of the United Kingdom Government's pension arrangements. Benefits vary depending on the age of the individual and their contribution record. Anyone can make a claim, provided they have a minimum number of qualifying years of contributions. Background Basic State Pension The basic State Pension (alongside the Graduated Retirement Benefit, the State Earnings-Related Pension Scheme, and the State Second Pension) is payable to men born before 6 April 1951, and to women born before 6 April 1953. The maximum amount payable is £141.85 a week (April 2022 - April 2023). New State Pension The new State Pension is payable to men born on or after 6 April 1951, and to women born on or after 6 April 1953. The maximum amount payable is £185.15 a week (April 2022 - April 2023). Contribution record The State Pension is a 'contribution-based' benefit, and depends on an individual's National Insurance (NI) contribution history. To qualify for a full pension ...
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John Maynard Keynes
John Maynard Keynes, 1st Baron Keynes, ( ; 5 June 1883 – 21 April 1946), was an English economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Originally trained in mathematics, he built on and greatly refined earlier work on the causes of business cycles. One of the most influential economists of the 20th century, he produced writings that are the basis for the school of thought known as Keynesian economics, and its various offshoots. His ideas, reformulated as New Keynesianism, are fundamental to mainstream macroeconomics. Keynes's intellect was evident early in life; in 1902, he gained admittance to the competitive mathematics program at King's College at the University of Cambridge. During the Great Depression of the 1930s, Keynes spearheaded a revolution in economic thinking, challenging the ideas of neoclassical economics that held that free markets would, in the short to medium term, a ...
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Baháʼí Faith
The Baháʼí Faith is a religion founded in the 19th century that teaches the Baháʼí Faith and the unity of religion, essential worth of all religions and Baháʼí Faith and the unity of humanity, the unity of all people. Established by Baháʼu'lláh in the 19th century, it initially developed in Iran and parts of the Middle East, where it has faced ongoing Persecution of Baháʼís, persecution since its inception. The religion is estimated to have 5–8 million adherents, known as Baháʼís, spread throughout most of the world's countries and territories. The Baháʼí Faith has three central figures: the Báb (1819–1850), considered a herald who taught his followers that God would soon send a prophet similar to Jesus or Muhammad; the Báb was executed by Iranian authorities in 1850; Baháʼu'lláh (1817–1892), who claimed to be that prophet in 1863 and faced exile and imprisonment for most of his life; and his son, ʻAbdu'l-Bahá (1844–1921), who was released f ...
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Turkish People
The Turkish people, or simply the Turks ( tr, Türkler), are the world's largest Turkic ethnic group; they speak various dialects of the Turkish language and form a majority in Turkey and Northern Cyprus. In addition, centuries-old ethnic Turkish communities still live across other former territories of the Ottoman Empire. Article 66 of the Turkish Constitution defines a "Turk" as: "Anyone who is bound to the Turkish state through the bond of citizenship." While the legal use of the term "Turkish" as it pertains to a citizen of Turkey is different from the term's ethnic definition, the majority of the Turkish population (an estimated 70 to 75 percent) are of Turkish ethnicity. The vast majority of Turks are Muslims and follow the Sunni and Alevi faith. The ethnic Turks can therefore be distinguished by a number of cultural and regional variants, but do not function as separate ethnic groups. In particular, the culture of the Anatolian Turks in Asia Minor has underlied and ...
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Persians
The Persians are an Iranian ethnic group who comprise over half of the population of Iran. They share a common cultural system and are native speakers of the Persian language as well as of the languages that are closely related to Persian. The ancient Persians were originally an ancient Iranian people who had migrated to the region of Persis (corresponding to the modern-day Iranian province of Fars) by the 9th century BCE. Together with their compatriot allies, they established and ruled some of the world's most powerful empires that are well-recognized for their massive cultural, political, and social influence, which covered much of the territory and population of the ancient world.. Throughout history, the Persian people have contributed greatly to art and science. Persian literature is one of the world's most prominent literary traditions. In contemporary terminology, people from Afghanistan, Tajikistan, and Uzbekistan who natively speak the Persian language are know ...
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George Hourani
George Fadlo Hourani (3 June 1913 – 19 September 1984) was a British philosopher, historian, and classicist. He is best known for his work in Islamic philosophy, which focused on classical Islamic rationalism and ethics. Biography George Hourani was born into a prosperous British family of Lebanese Christian extraction in Didsbury, Manchester. He was the fourth of six children, having three older sisters and two younger brothers. His brothers were Albert Hourani and Cecil Hourani. George spent his early years studying Greek and Latin language and literature, winning successive scholarships at the Mill Hill School and Balliol College, Oxford, and developing an interest in philosophy and international affairs. A subsequent trip to the Near East influenced his decision to pursue a doctoral degree in Oriental Studies at Princeton University, where Philip Hitti would first suggest a focus on Islamic philosophy. Upon completing his dissertation on 9th and 10th century Arab sea ...
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