Last week was a big week on the hill, with many high profile hearings. One such hearing that was followed closely was the investigation of Apple. Apple has been accused of evading taxes, but they have apparently found a loophole in the corporate tax code. Apple set up subsidiary accounts in Ireland for its international … Continue reading
The US’s booming energy resources are changing the landscape, and not just from the Midwest to the Intermountain West. A recent report by the International Energy Agency (IEA) says that North American oil production may affect the global market as dramatically as the recent increase in Chinese demand. IEA Executive Director Maria van der Hoeven … Continue reading
Last week, Senator Elizabeth Warren (D-Mass) unveiled her first piece of legislation on the Senate floor — a proposal to allow students to borrow at the same rates as banks. While this move galvanizes the populist movement, the economics behind it does not quite add up. The interest rate on direct subsidized loans for undergrads … Continue reading
It’s been a tough May for Federal Agencies. Amid a backdrop of scrutiny over potential regulatory missteps in the Texas fertilizer plant explosion, accusations of document concealment at the Environmental Protection Agency, and lengthy congressional hearings into State Department action in the aftermath of the Benghazi terror attacks, the Internal Revenue Service (IRS) finished this … Continue reading
With gun control stalled and budget negotiations on the back burner, all eyes have now turned to immigration reform. President Obama is seeking (and really needs) a large second term accomplishment to solidify and bolster his legacy. Republicans, meanwhile, are trapped at the bottom of an electoral well staring up at 70% of Latinos and … Continue reading
Flexible and nimble, these are the words chosen by one Obama Administration official as part of the announcement earlier this week that the application to apply for health insurance through the Affordable Care Act’s (ACA) shiny new state exchanges would be trimmed to three pages. The presentation of the new form, meant to remind the … Continue reading
Two weeks ago, a grad student at UMass Amherst discovered a spreadsheet error in the Reinhart-Rogoff (R-R) paper, a paper that many austerity advocates cited as proof that too much debt cripples economic growth. In the days and weeks after the spreadsheet error fiasco, many were quick to draw significant implications from this event, calling … Continue reading
As the economy slowly grows, the job market has been improving as well. Contributing to this is improvement in the manufacturing sector. Contrary to trends in the past decade, manufacturing is returning to the U.S. and new jobs are being created in the process. However, they are not the type of manufacturing jobs you are … Continue reading
If you have been following my previous posts you know how important STEM education has become in the United States. I had also written about the importance of getting the private sector involved in American schools, even using the Brooklyn P-Tech School as an excellent example of how a local Brooklyn school partnered with IBM. … Continue reading
The White House finally released the President’s FY 2014 budget proposal last week. Not only has it garnered the media’s attention due to the fact that President failed to keep his deadline (more than two months late) but also both the Democrats and Republicans are equally unsatisfied with the President’s proposal. Here are some key … Continue reading
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