All posts by Michael Cao

Palantir: The Silicon Valley Unicorn No One Knows About

Go to your local Starbucks and ask someone to list the most powerful technology firms today – you’ll probably hear Google, Facebook, Apple, or Amazon. Compared to these firms, Palantir has largely gone unnoticed, yet it may have just as much influence in our daily lives as its peers. Valued at $20 billion in 2015, ...

Elon Musk’s Entrance into the Hyperloop Industry

On July 20, 2017, Elon Musk announced in a tweet that he has secured “verbal [government] approval” to create an underground hyperloop between New York and Washington D.C. This came as a surprise to the numerous hyperloop startups that spawned after Musk offered this idea to the public in a white paper written by his ...

NAFTA: Past, Present, Future

Since its inception in 1992, the North American Free-Trade Act (NAFTA) has increased continental trade from $290 million to over $1 trillion in 2011. By eliminating trade barriers between the U.S., Canada, and Mexico, NAFTA created a single market in North America and allowed businesses to operate in Toronto as they would in California. It ...

From “Developing” to “Developed”: A Maturing China

With much wisdom and foresight, Chairman Deng Xiaoping introduced sweeping reforms that turned China from a centrally-planned economy to a market economy in 1978. By allowing farmers to keep their own crops for sale, the Chinese leadership provided incentives to farmers for increasing yield and freed up rural labor to move to the cities. In ...

The Uncertain Future of the Volcker Rule

Dismantling the Dodd-Frank Act is one of president-elect Donald Trump’s campaign promises. Written in response to the Financial Crisis of 2008, the Dodd-Frank Act is a sprawling financial reform legislation aimed at improving the stability of our financial system. A key component of the act, the Volcker Rule, faces demise under the new administration. The ...

Why is Health Care So Expensive?

As New Year approaches, people shopping on to Healthcare.gov for their 2016 health insurance plans found double-digit inflation in premiums across the board, while those who tried to switch to cheaper plans were forced to accept heavy deductibles and weaker coverage. This combination of higher premiums and larger out-of-pocket costs left many Americans wondering whether ...