The Compendium · Part 10

Commerce

9 pieces, oldest first.

June 11, 2025 · Commerce

Mega Databases to Visa Tracking: the History of the CIA’s Favorite Tech Company

Tech giant Palantir is now using government funds to track civilians and visa holders

Daniel Neuner and Gabriel Kirkwood

Spearheaded by CEO Alex Karp and Paypal co-founder Peter Thiel, CIA’s stealthy tech corporation, Palantir, is padding its pockets with billions in both government and private funding—and raising controversy over data systems that monitor visa holders, track immigration, and allegedly draw from several government agencies’ records to access information about U.S. citizens.

The Origins of Palantir

Founded in 2003 by Peter Thiel, Alex Karp, and others in the In-Q-Tel, a CIA-chartered non-profit, Palantir was originally intended to combat terrorism by using data analytics and AI-driven pattern detection for post-9/11 counterintelligence.

Palantir’s first contracts were with the CIA and other U.S. intelligence agencies. With nearly $2 million in backing from the CIA, Palantir developed the Gotham platform. Gotham, a data integration and analysis platform for complex datasets, became widely used across government agencies like the CIA, NSA, and the FBI for geospatial intelligence and combat mission planning.

Afghanistan Technology & Army Contracts

In 2012, Palantir worked with the US Army to make military decisions using aerostats, large surveillance balloons, and biometric data such as fingerprints. Palantir’s predictive technology was able to detect explosive devices, and in 2018, the Army administered nearly $900 million to both Palantir and Raytheon to continue working on Army systems and analytics software.

Last year, Palantir collaborated with Anduril Industries, an autonomous defense tech company founded by Oculus founder Palmer Luckey, and other established weaponry manufacturers to create AI-powered super trucks for the military, several of which are now deployed at Army bases in the Pacific Northwest.

After Palantir’s initial success, they won contracts with ICE, the Pentagon, the IRS, and more. Palantir gained a reputation as a “shadow system integrator” of federal data infrastructure.

Lately, Palantir has won government contracts at a shocking rate, winning 51 contracts in quarter one of 2025 alone. The company is swiftly making a name for itself that is rivalring legacy defense contractors like Raytheon and Booz Allen.

Monitoring Immigration with ICE

Just this April, Palantir won a nearly $30 million contract to develop ImmigrationOS, a software built to track self-deportations and visa overstays. The immigrant-tracking software will pull data from federal databases such as Customs & Border Protection (CBP) records and biometrics such as fingerprints and facial recognition to identify the identities and locations of people that ICE deems a priority case.

ImmigrationOS proposes a major expansion of ICE’s current surveillance infrastructure. Critics of the software argue the initiative could quietly normalize long-term data collection and blur the boundaries between civil immigration law enforcement and national security operations. The system raises several concerns about due process. Additionally, it may lead to an increase in automating law enforcement decisions without sufficient public accountability.

What’s Next: A Controversial Mega-Database

Now, the defense superpower is supposedly working on a “mega-database” initiative that will consolidate federal data into one large AI-powered platform. This platform would include data from the Pentagon, the IRS, the military, and more, streamlining cross-agency operations. Unverified prototypes of this so-called “mega-database” exist, but while the media and whistleblowers consistently report that the initiative is underway, Palantir publicly denied involvement with a mega-database of any kind this May.

This ambitious new proposal raises concerns and controversy. Civil liberty groups argue the mega-database could enable mass surveillance and blur the lines between civilian and military data use. Additionally, there is ongoing scrutiny from Congress over a lack of transparency. Many groups are concerned about a private company having so much control over national infrastructure.

Palantir’s deepening entanglement with federal agencies from battlefield AI to the rumored mega-database suggests a shift in how government data is collected and used. Once a shadowy counterterrorism startup, Palantir is making a new name for itself in the center of American governance, blurring the lines between private tech contractor and public infrastructure. As the company’s influence expands, so do the stakes: questions of accountability, civil liberties, and transparency. 

June 11, 2025 · Commerce

From Test Tracks to Torched Streets: Waymo Faces the Heat

Costly tech, weak profits, and civic pushback threaten Alphabet Inc.’s billion-dollar bet on autonomous vehicles

Nate Nadler

Waymo, Alphabet’s autonomous vehicle division, is accelerating its expansion across US cities with ambitions to revolutionize transportation.  As driverless cars proliferate, though, complications do as well. From public unrest to regulatory obstacles, there continues to be a lack of legal framework surrounding the operation of autonomous vehicles.  The future looks uncertain as several Waymo vehicles were set ablaze in riots in Los Angeles against increased deportations.

History

Founded in 2009 by Sebastian Thrun and Anthony Levandowksi, the Google Self-Driving Car Project drew on research from Stanford and leveraged Google’s unmatched mapping and data infrastructure such as Street View and internal navigation tools to construct its early autonomous vehicle systems.  Dubbed Project Chauffeur, Google’s autonomous car division made strides from 2010 to 2015, obtaining the first autonomous license, securing a patent, unveiling prototype, and conducting its first public, fully driverless ride in Austin, Texas.  

Project Chauffeur was rebranded in December 2016  to Waymo, a subsidiary of Alphabet Inc.  Waymo, which is derived from “a new way forward in mobility”, then partnered with Fiat Chrysler to test self-driving technology on Pacifica Hybrid minivans.  After copious testing and a legal battle with Uber, Waymo expanded its fleet with Jaguars and more Pacifica minivans while it continued to vertically consolidate, reducing costs by up to 90 percent by increasing in-house production.  In 2020, Waymo launched Via,  which expanded its interests to freight and logistics.  In the following years, Waymo experienced a change in leadership, announced and executed on a roll-out in cities like San Francisco, Phoenix, Austin, and Los Angeles, partnered with Uber, and exponentially increased funding to over $11 billion.  

Technology

Waymo utilizes a variety of complex technological components to ensure safety and accuracy.  Google has invested heavily in the cars’ processing power through Tensor Processing Units (TPUs), which are optimized for matrix multiplication and video processing.  Furthermore, the TPUs work alongside NVIDIA’s GPUs and Intel’s CPUs to blend raw computing power with efficient machine learning.  

In order to maintain the highest vision standards and to ensure lower costs, Waymo designs and manufactures its sensor suite in-house.  The sensor suite seamlessly integrates Lidar, which can detect objects up to 300 meters away and create detailed maps of immediate surroundings; Radar, which can penetrate obstructions like rain, fog, or other cars; and advanced cameras, which are used for high-resolution color imagery.

Lastly, Waymo is able to maintain safety through its state-of-the-art prediction system, which is powered by VectorNet.  VectorNet, a Deep Learning system, is built on graph neural networks (GNNs), which model each vehicle as a node in a weighted graph.  The neural network is then able to predict the movement of surrounding vehicles through the use of real-world data.

Challenges

Since its inception, Waymo has faced a variety of regulations and public hurdles.  During the recent Los Angeles Riots against increased ICE presence, several of Waymo's vehicles in Los Angeles were set ablaze by arsonists.  As displayed in a variety of images circulating on the internet, the autonomous vehicles were further vandalized with a multitude of incendiary statements.  This is not the first instance of public pushback—last year, a crowd in San Francisco set a Waymo aflame during a Lunar New Year celebration amid public distrust in autonomous vehicles.  

Public distrust has not only fueled acts of protest but also justified the strict regulatory barriers that companies like Waymo continue to face.  Waymo had to go through strenuous testing, development, and approval procedures to operate in the few cities that it does now.  Furthermore, Waymo has faced extensive city-level resistance, especially from emergency responders, who have said that the vehicles are not well enough equipped for situations in which emergency vehicles need to get through.  In conjunction with a reported inability to react to emergencies, many critics have raised concerns over edge cases, which include situations like construction zones, the use of hand gestures, and unpredictable pedestrian behavior.  Additionally, the current lack of federal regulation of autonomous vehicles leaves Waymo in an uncertain position.  As federal, state, and local governments begin to formulate policy targeting autonomous vehicles, Alphabet Inc. may find itself not only adapting to regulation but actively shaping it.  With billions of dollars sunk into Waymo and deep influence in technology and policy circles, Alphabet is unlikely to walk away from its decade-long investment.  Instead, the company may double down, leveraging its unique combination of data infrastructure, lobbying power, and powerful partnerships to push for standardized and clear regulation on the commercial use of driverless cars that favors well-established players, like itself.

While Waymo is still early in its early development and roll-out, there are monumental barriers to entry in the autonomous vehicle space that have left Waymo unprofitable.  Currently, Waymo’s fifth-generation Jaguar I-Pace costs in excess of $200 thousand to produce the costly autonomy hardware.  In addition to the cost of the vehicle, Waymo has invested heavily in technicians, charging and storage facilities, and regulatory staff—costs that are sure to multiply as it expands.

Implications

If successful in integrating their technology into society, Waymo could have a variety of wide-sweeping effects on urban environments.  First and foremost, a widespread roll-out of autonomous vehicles would necessitate a change in traffic policy and emergency protocols.  Furthermore, Waymo collects Lidar data as well as 360-degree video at all times, raising privacy concerns that would only be exacerbated by further integration into society.  Lastly, if Waymo were to gain a high level of commercial traction in urban areas, many rideshare drivers could be left in the dust.

Waymo’s innovation in the autonomous vehicle sector displays new ways machine learning may enter our everyday lives; however, its proliferation could certainly face violent public pushback, cause logistic dilemmas, and displace rideshare and delivery drivers, raising concerns about income inequality and urban labor.

June 21, 2025 · Commerce

AI Just Got its White Coat: OpenEvidence and the Future of Medicine

After a $75 million cash boost from Sequoia, marking unicorn status, OpenEvidence is aiming to revolutionize medicine through the use of clinical AI

Nate Nadler

In February 2025, OpenEvidence announced a new $75 million injection of cash from a Series A funding round with Sequoia Capital, helping the startup reach unicorn status – a $1 billion valuation.  The startup, founded by a Harvard PhD and Kensho founder, works to integrate artificial intelligence into the world of medicine.  The company’s product works as a diagnostic tool, pulling information from peer reviewed journals to assist in the investigative process of medicine using the best available scientific evidence.  Blazoned on the company’s website, OpenEvidence boasts widespread use–advertising that over 10,000 care centers actively utilize the technology.  Backed by some of the biggest names in the game, OpenEvidence could be the difference maker in diagnostic medicine.

History of OpenEvidence

Led by two technological visionaries, OpenEvidence has assembled a team of highly qualified engineers to create what appears to be the best AI diagnostic tool on the market.  Daniel Nadler, the CEO and Founder, earned both a bachelor's and a PhD from Harvard University in math-related fields.  His first venture, Kensho, was a quantitative trading tool that was sold to S&P Global (NYSE: SPGI) for $550 million in 2018.  Co-founder and CTO has similar credentials, attending both Cornell and Harvard.  OpenEvidence’s website corroborates the integration of medicine and artificial intelligence, showing the strong team of technical experts and medical leaders who work to make the product effective.

Having emerged from the Mayo Clinic’s Platform Accelerate Program, OpenEvidence utilizes peer-reviewed sources like JAMA Network and NEJM.  Having received early backing from top VC firms, like Sequoia Capital, Google Ventures, and Kleiner Perkins, OpenEvidence has flourished with fundraising reaching more than $100 million.  Furthermore, the company has made strategic partnerships with top names in the medical research industry, making multi-year agreements with JAMA, NEJM, and Elsevier’s ClinicalKey AI.

OpenEvidence’s allure is found not only in its medical application but also in its user-friendly interface.  The application, which has been described as a “medical copilot”, now boasts a user population above 100 thousand physicians, which accounts for about 25 percent of the US doctor population.  Lauded for many reasons, physicians report that OpenEvidence’s product bypasses hospital bureaucracy and aids them rather than replaces them.

Technical Background

OpenEvidence’s system is built upon vertical Large Language Models (LLMs), which are AI models that are specifically trained for medical decision making.  The model focuses on perfecting medical explanations and accuracy, pulling from highly touted, peer-reviewed journals like the New England Journal of Medicine and JAMA.  The core innovation in OpenEvidence’s technology, though, is its ability to decline to answer when there is no research supporting a specific claim.  This innovative feature ensures that the AI avoids a phenomenon called “hallucination”–when AI outputs non-factual information when there is no available information to support a claim.  Thus, OpenEvidence provides a citation for every claim, acting as a customer-facing quality assurance mechanism.  Furthermore, the startup alleviates privacy concerns, assuring that all patient information is discarded.  

Overview: AI’s Role in Healthcare

Artificial Intelligence is no longer a futuristic promise in health care–it is actively being applied on a daily and widespread basis.  AI has been making strides in pattern recognition based medicine–like detecting tumors in radiology and reading ECGs in cardiology.  Surprisingly, in such fields, AI has not been far behind physicians, with an NIH study finding that AI was about 86% accurate in detecting heart arrhythmias through the reading of ECGs.  Due to AI’s ability to compile massive amounts of patient data, research, and experimental data, it makes a strong tool for physicians as a clinical decision support system (CDSS).  For example, in an article published by Dartmouth University about a recent symposium at the institution, zebraMD is showcased, explaining that the application can utilize thousands of medical files to provide insights into rare disease diagnosis.  

AI’s utilization spans far beyond diagnosis, however.  AI scribes automate patient documentation, enabling efficient data collection, reduced manual work, and increased time spent on treatment.  Furthermore, AI’s computational power is reported to be instrumental in predicting risk for specific conditions and adopting treatments in a more timely fashion.  

Ethical Concerns

Although AI seems to be ushering in a new and efficient age for medical diagnostics, there are clear ethical roadblocks that must be alleviated before a full implementation is possible.  First and foremost, medical data privacy is of the utmost importance, as outlined by guidelines like HIPAA.  When working with technology, the risk of data breach is always a possibility—thus, for a product like OpenEvidence to be implemented on a wide scale, cybersecurity procedures and technology would need to be nearly impermeable. 

Aside from privacy concerns, many have expressed qualms regarding unintended bias in AI medical systems.  Some contend that underrepresented populations may be misdiagnosed due to a lack of patient data.  Furthermore,  many have expressed concerns that biases within these systems can lead to misdiagnosis in mental health-related cases, which can certainly lead to patient self-harm.  

Additionally, AI models do not always give exact reasoning for their decisions and recommendations.  While that may not be the case with OpenEvidence, it is prevalent in other Large Language Models.  

Despite what many fear-mongering technology influencers may say on social media, AI is not replacing clinicians; rather, it is making physicians more efficient and allowing them to create treatment plans promptly using peer-reviewed research.  Furthermore, the very human aspect of clinical treatment will never be replaced, as patients will always need the warmth provided by a well-versed doctor—diligence on clinical decisions will never be fully allotted to a machine.  Nevertheless, AI has been a market disruptor across industries and geopolitical borders, now making its way into one of the most human-centered fields: healthcare.

Whether OpenEvidence becomes a hallmark of the diagnostic process or it's just the spark which ushers in the AI evolution in medicine, one conclusion is evident: AI has scrubbed into the OR and it is not leaving anytime soon.

July 12, 2025 · Commerce

From Cloud to Cognition: AWS to Launch AI Agent Ecosystem with Anthropic

Amazon bets on autonomous agents to redefine enterprise AI services—furthering its strategic partnership with Anthropic to launch a new marketplace fashioned for scale, safety, and superiority

Nate Nadler

In a move poised to reshape how Gen AI is integrated into everyday work, Amazon Web Services is launching an AI agent marketplace on July 15th at a Manhattan summit—working with Anthropic to introduce a centralized location for the distribution and monetization of AI agents across the enterprise cloud.

The tech giant’s latest move marks a stark shift in the AI marketplace: a move from conversational models like ChatGPT and Gemini to how these models can be applied to the innovation economy via agents.  Agents, which are built on top of traditional models, are capable of carrying out specific tasks—like summarizing, scheduling, or surface-level analysis—with minimal oversight.

The marketplace is set to mirror the setup of an app store, offering specific services applicable to a one-person team and to a Fortune 500 company.  Like other top tech companies, such as Salesforce, Google, and Microsoft, AWS is seizing the opportunity to dominate the AI enterprise market as it scales.  As AWS and many of its competitors have realized by now, the future of AI won’t be about what model you use—it will be about which agents you deploy.

What is the AWS AI Agent Marketplace?

The AWS AI Agent Marketplace will be an app store-like market with various LLM-powered AI agents that can complete a variety of simple and repetitive tasks. For example, many of these extensions can summarize transcripts, schedule meetings, perform basic-level data analysis, or handle repetitive, logic-based tasks.

The interface will be directly integrated into the AWS console, offering a searchable agent catalogue, support for custom configuration, and one-click deployment.  Additionally, it is reported that developers can list under subscription or usage pricing models, with AWS taking a cut of revenue for their role in the process.

Furthermore, the agents will be powered by models hosted via Amazon Bedrock, the AWS service for foundational LLMs, like Claude or Titan.  Marking an inflection point in how businesses will be run, this service allows developers to focus on crucial, abstract problems rather than crafting tedious LLMs that handle simple tasks.

Being the most trusted and successful cloud infrastructure provider in big tech, AWS’s latest venture represents a vertical move.  Through their wide customer base and integrated products, it is clear that the tech giant is a favorite to lead the AI-as-a-Service market.

Anthropic’s Role: A Strategic Alliance

Claude, Anthropic’s flagship AI model, will serve as the backbone of AWS’s agent marketplace—offering the safety, precision, and modularity needed for autonomous tools to succeed at the enterprise level.  Unlike open models or chatty generalists, Claude focuses on structured output and alignment, making it excellent for tasks that don’t involve constant human prompting.

Additionally, Amazon has committed more than $8 billion to Anthropic, making it one of AWS’s largest strategic investments in AI to date.  Going beyond financial support, much of Anthropic’s training is powered by AWS Trainium2 infrastructure.  Thus, AWS is a monumental piece of Anthropic’s success thus far, with this marketplace representing a vertical integration of the tech giant’s suite of services, putting Anthropic at the center of this project.  Further, Anthropic’s safety-first attitude sets the tone for excellence and precision—at least when compared to competitors like OpenAI.

In a landscape increasingly defined by AI alliances, Amazon’s partnership with Anthropic positions Claude as a strategic response to both OpenAI’s Copilot-powered ecosystem and Google’s Gemini-backed cloud infrastructure.  Further, Claude models are viewed more favorably in highly regulated industries—like healthcare and finance— due to their less opaque structure compared to that of competitors.  While competitors may have agents embedded across their suite of services, Anthropic’s modularity makes Claude far more deployable in custom enterprise stacks.

Policy and Ethical Implications

Although AWS’s soon-to-be-revealed marketplace grants companies an opportunity to mitigate mindless tasks, thus allowing employees to focus their time on more pressing issues, some legal issues, regulatory hurdles, and ethical worries are sure to arise.  

First and foremost, if an AI agent makes a faulty decision that has monumental ramifications, it is unclear who bears the responsibility for the mistake.  When execution on small tasks is paramount to a business’s success, a logic misnomer can have a multi-million-dollar effect.  

Additionally, if AWS, in conjunction with a few of its competitors, for that matter, takes complete control over both the AI agent platforms and their distribution, regulators are sure to raise concerns over competition, or a lack thereof, and pricing.  On the other side of the spectrum, as the AI agent economy moves faster than government oversight, there are no clear policies that regulate safety thresholds or deployment governance.  The question isn’t just what agents are capable of, but who decides what they are allowed to do – and who is accountable when they don’t.

If the last decade was defined by an explosion in cloud computing, the next very well may be defined by cognitive computing—and AWS just claimed the high ground.

August 15, 2025 · Commerce

The Innovation Tariff: How Trade Policies Can Determine Outcomes Of Commercial Innovation

In the 1990s, tariff-free imports, coordinated industrial policy, and targeted R&D grants propelled Japan’s lithium-ion industry to global dominance—while fragmented U.S. solar support left the field open to foreign competitors.

Joseph Augustine

When lithium-ion batteries first entered mass production in the early 1990s, Japanese giants like Sony and Panasonic benefited from tariff-free import of raw materials and coordinated industrial policy that allowed them dominate production - accounting for over 88% of global supply. In contrast, at the same time, U.S. solar panel technology - arguably revolutionary in its potential - faced fragmented subsidies, cyclical tariffs on imported components, and inconsistent R&D funding. Both were advanced, commercially viable, and poised for exponential growth. One became a cornerstone of global electronics within a decade; the other languished until foreign competitors seized the market. The difference wasn’t in product, it was in everything around it.

How do environments make or break tech outcomes?

Japan’s lithium-ion battery environment was set up for success from the start - receiving raw materials like graphite, cobalt and nickel without tariffs meant they incurred a lower production cost from day one. The Ministry of International Trade and Industry (MITI), provided targeted R&D grants and prioritized emerging tech in export plans.

On the other hand, the U.S’ solar panel market - though in the same era, was anything but similar. While in its early stages in the 1980s, the U.S held over 80% of the global market, it soon crumbled - not from its own fault, but from a series of unprecedented changes that surrounded its ecosystem. In the late 2010s, analysts from Grist estimated that solar panel prices in the U.S. are 43–57% higher than the global average partly due to layered tariffs. One report projected that the 2012–2018 U.S. solar tariffs reduced demand by 17%, cost the industry $19 billion in investment, and led to a loss of 62,000 jobs. 

Quality VS Reach

Simply put, certainty over regulatory or policy direction led to faster economies of scale - fueling globalization, increasing revenue for Japanese enterprises, and lifting the broader economy. On the other hand, it left U.S solar panel technology lying exposed, chained, and falling behind, as competitors operating in more innovation-friendly trade environments quickly seized the market.

Consumers are often only exposed to the commercial innovations born in such advancement friendly environments. A majority might not even make it out of the production hub, simply because there are too many factors restricting supply on a global scale.

Innovation VS Success

Consider the case of Betamax - a company most people today know little to nothing about - in the 1970s and 1980s. In those years, Betamax was a more technically advanced video cassette than VHS - superior due to its quality and durability. According to WIRED, in the late 1970s Betamax held over 75% of market share - It had every reason to continue dominating the home video market for decades to come, but by 1986, Betamax declined to 7.5%, a mere shadow of what it once was, while VHS stood at 92.5%. VHS became a household name, even today, long after it reigned - it remains one of the most iconic symbols of the late 20th century.

Limited collaboration, higher production costs, and slower adoption by rental stores meant consumers never fully experienced the better product while VHS, backed by a larger consortium of electronics companies, rapidly captured global market share.

This case illustrates a recurring trend across industries: technological merit alone does not determine market success. The best innovation can often lose out to the “best-supported.” Without open licensing, competitive cost structures, and strong distribution channels, even advanced technologies face substantial barriers to adoption. The surrounding policy, trade, and industry environment often plays a decisive role in determining which innovations achieve commercial viability on a global scale.

September 2, 2025 · Commerce

Contract Cheating: How Academic Dishonesty Thrives as a Profitable Business Model

Strategies and Implications of Growing Platforms Offering Students Quick Solutions for Hefty Payments

Katy Yan

From early stages of education, students across the globe are continuously taught the consequences and unethicality of cheating. Some acts, such as plagiarism, are clear violations of student integrity across many high schools and universities. However, there is a growing business in academics, capitalizing off of students’ desire for exceptional performance in school, that finds success in blurring the lines between cheating and integrity. 

What is Contract Cheating?

Contract cheating refers to a form of academic misconduct that occurs when a student takes credit for work that has been completed by a third party. According to Rutgers University, this can involve paying a company or individual to work on an assignment and obtaining or revealing answers on an online website. Third parties do not have to be paid; as long as a student falsely claims ownership over work or assists in similar actions, academic integrity has been violated and serious consequences are involved. 

Despite the risks of cheating in academia, many businesses across the world have used education as an opportunity to make profit. Students now have access to a multitude of digital platforms that provide access to databases filled with uploaded test answers, essay services, and more; all of which can be obtained by a quick transfer of money. 

Commercial Marketing and Appeal 

In order to attract students to pay for a service or test answers, contract cheating companies often utilize specific language and marketing strategies to provoke a sense of urgency and trust in potential customers. A recent study analyzing contract cheating platforms in Spain finds that most companies include possessive words, such as “you” and “I”, and promises of impressive papers or test scores in commercial promotions. Targeted language seems to assist in creating feelings of trustworthiness and ethicality, further increasing chances of a student to purchase a service offered. 

Additionally, urgent phrases and student testimonies are included on many websites and ad campaigns. Contract cheating companies rely on the different pressures of academics to further appeal towards its target audience of students at the high school or collegiate level. These specific uses of linguistics and success stories are used to market contract cheating platforms as sources of easy solutions to students facing upcoming deadlines, stress, and other obstacles.    

Economic Success and Popularity 

The popularity and profitability of contract cheating services have been notable. Just between 2014 to 2018, around 31 million students have admitted to paying other parties to complete an assignment or assist in academic dishonesty. 

Fiverr.com, a platform that can potentially be used for academic dishonesty through its different services, reported earnings of $270,000 from its ghost-writing section alone in 2017. Other websites and businesses like Fiverr.com are easy to find and charge hefty prices for academic work such as research papers, school assignments, and test answers as well. Take My Classes Online, for example, charges $79 for a completed assignment and $599 for a completed course. Because of its convenience and accessibility, contract cheating companies are widely known among students. Different platforms charge varying rates, and future profitability in academic cheating seems stable, especially among increased digital use for classwork and assignments. 

Legal Flexibility 

Despite the popularity of contract cheating in academic institutions and schools, there aren’t clear guidelines and rules regarding these platforms in some countries. Not all legislators and education authorities are thoroughly aware of the rise in academic dishonesty via online platforms. This gives companies providing students with resources to cheat an easier time avoiding legal consequences and fines from the government. Unlike New Zealand, which puts contracting companies at risk for a fine of around 6000 USD if caught advertising academically dishonest services, there is a challenge for more regulation in this industry.

Final Thoughts on Contract Cheating

Increased violations of academic conduct throughout institutions and schools across the world have become threats to the integrity of education. Models of business have further capitalized on this issue, bringing efficient resources that could easily be exploited for academic dishonesty to millions of students. 

Countries and legislators may be incentivized to address the business legalities of such entities in the future. However, the profitability of this industry remains prominent, as the rigor and stress of academia factors into the tempting pressures a student may face when given a seemingly easy solution out of an assignment or test.

September 11, 2025 · Commerce

The Commerce of Delay: How Companies Profit While You Wait

In a world progressing at a rate faster than ever before - time is of the essence. Companies use clever, subtle techniques that ensure they profit despite consumer delays

Joseph Augustine

It’s no secret that a delayed purchase or payment negatively impacts a business. Likewise, the delayed delivery of a product can also be costly to both the consumer, and producer - both in their own ways. This article aims to unravel how businesses have managed to monetize waiting itself, the act of simply hesitating or giving pause before an action - employing clever strategies that help them retain their profitability, revenue and market dominance despite supply chain disruptions or consumer side delays.

The most obvious and widespread method, often taken advantage of by global corporations around the world - is improving their cash flow. Large enterprises achieve this by withholding payments to their vendors, holding onto their resources for a longer period while giving them leverage to negotiate a lower price with their suppliers. Companies can often do this to prioritize internal stability over vendor relations. Repeated executions of this strategy - repeatedly delaying payments with various excuses or creating confusion - can wear down vendors and make them more willing to accept reduced payments or extended timelines.

Some companies go as far as to extend their payment deadline to such an extent where they’re able to allocate money to other investments with steady return rates, and pay generous late fees to the vendor while maintaining profitability and even attaining revenue growth, simply from a delayed transaction.

A striking illustration of this practice can be found in the retail sector, particularly in the case of large corporations such as Walmart. Walmart has been criticized for extending its payment terms to suppliers, according to Bloomberg - in some cases stretching up to 90 or even 120 days. By delaying these payments, the company retains significant cash reserves on its balance sheet for longer periods, which can then be allocated toward short-term investments or used to improve liquidity ratios. The paradox is that while suppliers often struggle with reduced cash flow and heightened financial strain, Walmart may willingly incur contractual late fees or offer marginally higher payment rates because the opportunity cost of holding onto the capital generates greater returns than the penalties imposed. This phenomenon exemplifies a broader corporate strategy whereby delay is not merely an operational inconvenience but a calculated financial mechanism, effectively transforming time into a revenue-generating asset.

Suppliers may opt to retaliate to these tactics with their own - it’s important to remember they have the power to strike first altogether, implementing the same strategies for their own benefit. Perhaps the most notable example is the case of SpiritAeroSystems - Boeing’s primary fuselage supplier. In 2019, they underperformed production commitments due to internal challenges.

Boeing had to suspend entire production lines, leading to costly operation and maintenance costs, reputational damage and immense financial strain. On the other hand, this delay acted like a defensive buffer for Spirit, who retained short-term payment control and avoided immediate delivery costs. This illustrates how a vendor’s delay can serve as a defensive buffer, preserving internal resources at the expense of production partners downstream.

In a world where globalization reaches new heights by the hour, where urbanization soars without limits - consumers too, have learnt to react to these strategic, often called “selfish,” moves aimed at preserving a producer’s own financial stability. These strategies may be effective as a one-time, last ditch effort but have proven to be unreliable in the long-term due to reputational damage, controversy and public backlash. A prime example of this occurred during the COVID-19 pandemic, within the aviation industry. Many airlines, in an attempt to protect and preserve liquidity - delayed passenger refunds for services they failed to provide, before proceeding to cancel even more flights. Passengers reacted by filing complaints with regulators, filing lawsuits and shifting brand loyalty to airlines that processed refunds or served passengers more efficiently.

In every hurdle, in every obstacle that poses a difficulty for the consumer, is often a producer looking to monetize the consequent delay. It’s a fact to note that despite these strategies often being villainized by media, influencers and political figures - while they can be an abuse of power from a corporation holding a monopoly over a market, a majority of the time they are a necessity or move made solely based on the company’s best interests in mind first - ensuring they can continue operations as usual and continue to benefit customers in the long term.

Here’s an example of Amazon - monetizing a hurdle for consumers is its acquisition of Whole Foods Market in 2017. Before the acquisition, the hurdle for many consumers was the cost and time of organic, high-quality grocery shopping. Shopping at a store like Whole Foods was a premium experience - it was seen as a luxury due to its higher prices and a lack of convenient, affordable delivery options for a wider market. Consumers who wanted healthy, organic groceries faced two challenges - the cost hurdle, and the convenience hurdle.

Amazon didn't just buy a grocery chain; it bought the very challenges and friction points that consumers faced. Amazon immediately used its logistics and technology to monetize those hurdles

Amazon integrated Whole Foods into its Prime ecosystem. The company introduced Prime-exclusive discounts and offered free two-hour delivery to Prime members in many areas. This monetized the consumer's desire for convenience by linking it directly to a paid subscription service - eradicating the need for people to go out of their way to spend hours shopping, effectively monetizing the convenience hurdle. On the other hand, Amazon could leverage its massive scale and supply chain expertise to lower prices on many key items. This reduced the "cost hurdle" for consumers, making Whole Foods more accessible. In return, it increased the company's overall market share in the grocery space.

To conclude, global ecosystems risk total disruption of supply chains if this standoff between producers and consumers evolve into a consequent tit-for-tat scenario; with both producers and consumers taking actions that delay the action that was expected of them.

So, the question remains - will ethics, development and the overall progress of humanity ever take precedence over a company’s own reputation and power dynamic? As of now, the answer isn’t only debatable - it’s unpredictable.

September 12, 2025 · Commerce

The Commerce of Delay: How Companies Profit While You Wait

In a world progressing at a rate faster than ever before - time is of the essence. Companies use clever, subtle techniques that ensure they profit despite consumer delays

Joseph Augustine

It’s no secret that a delayed purchase or payment negatively impacts a business. Likewise, the delayed delivery of a product can also be costly to both the consumer, and producer - both in their own ways. This article aims to unravel how businesses have managed to monetize waiting itself, the act of simply hesitating or giving pause before an action - employing clever strategies that help them retain their profitability, revenue and market dominance despite supply chain disruptions or consumer side delays.

The most obvious and widespread method, often taken advantage of by global corporations around the world - is improving their cash flow. Large enterprises achieve this by withholding payments to their vendors, holding onto their resources for a longer period while giving them leverage to negotiate a lower price with their suppliers. Companies can often do this to prioritize internal stability over vendor relations. Repeated executions of this strategy - repeatedly delaying payments with various excuses or creating confusion - can wear down vendors and make them more willing to accept reduced payments or extended timelines.

Some companies go as far as to extend their payment deadline to such an extent where they’re able to allocate money to other investments with steady return rates, and pay generous late fees to the vendor while maintaining profitability and even attaining revenue growth, simply from a delayed transaction.

A striking illustration of this practice can be found in the retail sector, particularly in the case of large corporations such as Walmart. Walmart has been criticized for extending its payment terms to suppliers, according to Bloomberg - in some cases stretching up to 90 or even 120 days. By delaying these payments, the company retains significant cash reserves on its balance sheet for longer periods, which can then be allocated toward short-term investments or used to improve liquidity ratios. The paradox is that while suppliers often struggle with reduced cash flow and heightened financial strain, Walmart may willingly incur contractual late fees or offer marginally higher payment rates because the opportunity cost of holding onto the capital generates greater returns than the penalties imposed. This phenomenon exemplifies a broader corporate strategy whereby delay is not merely an operational inconvenience but a calculated financial mechanism, effectively transforming time into a revenue-generating asset.

Suppliers may opt to retaliate to these tactics with their own - it’s important to remember they have the power to strike first altogether, implementing the same strategies for their own benefit. Perhaps the most notable example is the case of SpiritAeroSystems - Boeing’s primary fuselage supplier. In 2019, they underperformed production commitments due to internal challenges.

Boeing had to suspend entire production lines, leading to costly operation and maintenance costs, reputational damage and immense financial strain. On the other hand, this delay acted like a defensive buffer for Spirit, who retained short-term payment control and avoided immediate delivery costs. This illustrates how a vendor’s delay can serve as a defensive buffer, preserving internal resources at the expense of production partners downstream.

In a world where globalization reaches new heights by the hour, where urbanization soars without limits - consumers too, have learnt to react to these strategic, often called “selfish,” moves aimed at preserving a producer’s own financial stability. These strategies may be effective as a one-time, last ditch effort but have proven to be unreliable in the long-term due to reputational damage, controversy and public backlash. A prime example of this occurred during the COVID-19 pandemic, within the aviation industry. Many airlines, in an attempt to protect and preserve liquidity - delayed passenger refunds for services they failed to provide, before proceeding to cancel even more flights. Passengers reacted by filing complaints with regulators, filing lawsuits and shifting brand loyalty to airlines that processed refunds or served passengers more efficiently.

In every hurdle, in every obstacle that poses a difficulty for the consumer, is often a producer looking to monetize the consequent delay. It’s a fact to note that despite these strategies often being villainized by media, influencers and political figures - while they can be an abuse of power from a corporation holding a monopoly over a market, a majority of the time they are a necessity or move made solely based on the company’s best interests in mind first - ensuring they can continue operations as usual and continue to benefit customers in the long term.

Here’s an example of Amazon - monetizing a hurdle for consumers is its acquisition of Whole Foods Market in 2017. Before the acquisition, the hurdle for many consumers was the cost and time of organic, high-quality grocery shopping. Shopping at a store like Whole Foods was a premium experience - it was seen as a luxury due to its higher prices and a lack of convenient, affordable delivery options for a wider market. Consumers who wanted healthy, organic groceries faced two challenges - the cost hurdle, and the convenience hurdle.

Amazon didn't just buy a grocery chain; it bought the very challenges and friction points that consumers faced. Amazon immediately used its logistics and technology to monetize those hurdles

Amazon integrated Whole Foods into its Prime ecosystem. The company introduced Prime-exclusive discounts and offered free two-hour delivery to Prime members in many areas. This monetized the consumer's desire for convenience by linking it directly to a paid subscription service - eradicating the need for people to go out of their way to spend hours shopping, effectively monetizing the convenience hurdle. On the other hand, Amazon could leverage its massive scale and supply chain expertise to lower prices on many key items. This reduced the "cost hurdle" for consumers, making Whole Foods more accessible. In return, it increased the company's overall market share in the grocery space.

To conclude, global ecosystems risk total disruption of supply chains if this standoff between producers and consumers evolve into a consequent tit-for-tat scenario; with both producers and consumers taking actions that delay the action that was expected of them.

So, the question remains - will ethics, development and the overall progress of humanity ever take precedence over a company’s own reputation and power dynamic? As of now, the answer isn’t only debatable - it’s unpredictable.

September 12, 2025 · Commerce

A Rise in U.S. Wholesale Prices: Tariffs, Indexes, and Inflation

This article explores the recent U.S. Bureau of Labor Statistics PPI report, citing the causes of rising wholesale prices and the implications of such activity.

Storey Kuo

On August 14, 2025, the U.S. Department of Labor released July’s Producer Price Indexes (PPI), which projected a significant surge of a 0.9% increase in demand. The PPI program under the U.S. Bureau of Labor Statistics measures and tracks the average price changes in goods, services, and construction sold by domestic producers. It covers almost all industries in more than 8,000 indexes, ranging from mining and manufacturing to service and construction sectors. The consequences of such a surge in wholesale prices are inflationary pressure, especially when rising business costs become a burden to consumers and convert to higher retail prices. 

The July 2025 Producer Price Indexes Report

The PPI is a valuable economic indicator for the U.S. economy and is often referenced and used by the government and businesses who want to make more informed decisions. More specifically, the Producer Price Index serves as an economic indicator to the Federal Reserve, Congress, and any Federal agencies who utilize the data given by the PPI to make fiscal and monetary policies, such as interest rates. Additionally, PPI’s indexes are used to measure price changes and measure inflation. 

In July 2025, the PPI for final demand rose 0.9 percent, and the index for final demand increased by 3.3 percent year-over-rise, signifying that wholesale (producer) prices significantly increased in the month of July. More specific for final demand services, it increased by 1.1 percent since June, which is the largest advance since March 2022. Several factors contributed to this rise: trade service margins rose by 2.0 percent, machinery and equipment wholesaling prices jumped by 3.8 percent, and prices rose for truck transportation of freight. On the contrary, hospital outpatient care prices fell by 0.5 percent, furniture retailing prices decreased, and the prices for pipeline transportation of energy products declined. 

For final demand goods, its monthly change was to increase by 0.7 percent, which is the largest advance since January 2025. The key contributors causing this increase is an increase in fresh and dry vegetable prices by 38.9 percent, an increase in meat prices by 4.9 percent, a rise in diesel and jet fuel prices, and a rise in prices for eggs. It is also important to note that gasoline prices decreased by 1.8 percent, and plastic resins and material prices declined.

Why are Wholesale Prices Rising?

For statistics related to goods, increases in food prices are the largest contributor to the 0.7 percent increase, as raw agricultural products and dry and fresh vegetables prices increased. More broadly, PPI data and indexes have recently been monitored in order to evaluate the effects of the U.S. President Donald Trump’s tariffs on the production chain. His tariffs cause businesses to raise the prices they charge, which could eventually lead to higher consumer prices over time. However, because the PPI’s report was greater than predicted and the Consumer Price Index (CPI) was less than expected, it suggests that businesses are swallowing some of the tariff costs rather than having consumers absorb the costs. However, there is also evidence that prices due to tariff costs for several goods are being eaten by consumers. While this is the current situation, businesses in other sectors may change their approach, putting consumers in a potentially harmful scenario. 

The Implications of Rising Wholesale Costs

As most of Trump’s tariffs are targeted on industrial goods, the pressure on prices is negatively impacting the service sector. Additionally, with the large increase in the July PPI report, Chris Zaccarelli, Chief Investment Officer for Northlight Asset Management, said, “The large spike in the producer price index (PPI)... shows that inflation is coursing through the economy, even if it hasn’t been felt by consumers yet.” 

The rise in wholesale prices has important implications for monetary policy, as well. As the PPI is a leading indicator of inflation and helps to inform central bank decisions regarding interest rates. Compared to the PCE price index, the PPI can help share price changes early, making early suggestions for consumer prices and the CPI. More specifically, the Federal Open Market Committee (FOMC) adjusts monetary policy in order to balance inflation rates. When PPI data flags certain data, the FOMC might realize a threat to the economy and raise interest rates to balance the rising prices. Contrarily, any data that reports a period of low inflation might influence the central bank to cut interest rates or pursue Quantitative Easing (QE).

Looking forward, the surge in the PPI’s July report reflects the status of our current economy. With tariffs and trade disputes ongoing and prices for goods and services increasing, economic growth becomes threatened. Federal agencies will be waiting for the PPI’s August report to monitor and make informed economic and monetary policy decisions.