MetLife Disavows “Systemically Important” Proposal
Economy / Politics / Regulation

MetLife Disavows “Systemically Important” Proposal

MetLife, a nonbank financial company (NFC) and the largest insurer in the U.S., called for a hearing Monday to oppose being labeled “systemically important.”  After the Financial Stability Oversight Council (FSOC), a major financial watchdog, voted in favor of adding MetLife to the list of systemically important financial institutions (SIFIs) in September, the firm hustled … Continue reading

HFT Firms Manipulating NASDAQ
Economy / Regulation / Stock Exchange / Trade

HFT Firms Manipulating NASDAQ

Threatening equity markets, stock manipulation is among the hottest topics for investors today. Michael Lewis, author of Flash Boys: A Wall Street Revolt, describes the U.S. stock market as rigged in favor of High Frequency Trading (HFT) firms.  In a 60 Minutes edition, Lewis stated that these firms are able to “identify your desire to … Continue reading

Drone Wars: Bans Against Free Enterprise?
Economy / National Security / Politics / Regulation / Technology

Drone Wars: Bans Against Free Enterprise?

Jeff Bezos’ plans to create commercial drone deliveries for Amazon in upcoming years might be premature based on the severe lack of new regulation establishment from the Federal Aviation Association (FAA).  The Association cannot keep up with American innovation and has resorted to banning most drone usage, aside from several private-sector drones, until it completes … Continue reading

Privacy Advances or More Privacy Threats? What Might be Wrong with Eric Holder’s Statement
Communications / Other / Regulation

Privacy Advances or More Privacy Threats? What Might be Wrong with Eric Holder’s Statement

Attorney General Eric Holder said on September 30 that new forms of encryption that are now introduced by technology companies could thwart investigations of kidnappers and sexual predators, putting children at increased risk. In the wake of ongoing revelations of widespread surveillance of data and other electronic devices, Holder’s speech seems to be a well-coordinated campaign … Continue reading

$15 Billion Tax Prevented by PIFTA
Politics / Regulation / Tax / U.S. Senate

$15 Billion Tax Prevented by PIFTA

If the Senate opts in for H.R. 3086, the Permanent Internet Tax Freedom Act (PIFTA), $14.7 billion in taxes will be averted every year. During the Internet boom of the 1990s, Congress passed the Internet Tax Freedom Act (IFTA), which prevented state and local governments from collecting Internet specific taxes. Sponsored by Senate Finance Committee … Continue reading