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The Economics Behind Fast Fashion

Written By: Arshiya Chaudhary

A world without shifting consumer preferences is difficult to imagine, especially when it comes to the textile industry, since fashion evolves constantly. The ardent need to stay with the trend often forces consumers to shop every few weeks, propelling them to indulge in fast fashion, because who doesn’t love cheap, fast-moving, up to the minute clothes, right?

Fast fashion follows a linear business model. Brands acquire raw materials, transform them into apparel, and then sell them to the customers. As straightforward as it sounds, the actual process is quite the opposite.

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The Russia-Ukraine Crisis Or: How I Learned About Economic Deterrence

Written By: Sumeet Dhatt

Happy Xmas (War is Over)

Christmas Day, 1991 – The United States watches as the golden hammer and sickle that once flew over much of the East, representing the antithesis of their ways of life, is lowered from the Kremlin for the last time—the Soviet Union has collapsed, Merry Christmas, the war is over. In its ashes rises the newly democratic and independent states of Ukraine and the Russian Federation (7).

Over the three decades since the collapse of the Soviet Union, NATO – the North Atlantic Treaty Organization created to promote democratic ideals through political and military means – has expanded their influence, and are closing in on the Kremlin. The Russian Federation, formerly the head of the Soviet Union, watches as their once large sphere of influence reduces to ash.

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