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
In May of 2014, President Obama proposed that the Administration take steps to address the large number of students who enroll in for-profit college career programs that graduate with little experience, skills that were less than spectacular and high amounts of debt. These programs are leaving students with little option but to default on their … Continue reading
Why we should Still Worry about the Deficit On October 15, the Department of The Treasury released the final budget results from Fiscal Year (FY) 2014. The results showed an overall deficit of $483 billion, $197 billion less than in 2013 ($680 billion), which amounts to a reduction of the deficit as a percentage of GDP … Continue reading
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
The United States has been broadly known as a nation of immigrants and their descendants. As the country gradually recovers from the recent economic crisis, the importance of economic and social benefits of immigration becomes clearer than ever before. According to the latest government figures, U.S. population growth is projected to tumble almost in half … Continue reading
As border security fear mongering steals the headlines (first ISIS, now Ebola), a slow-burning immigration drama is playing out between the world’s two biggest democracies. The controversy revolves around the H-1B visa, a 3-year nonimmigrant visa designed to attract skilled foreigners to fill U.S. labor shortages in the science, technology, engineering, and mathematics (STEM) fields. … Continue reading
On October 3, the Washington Post ran an opinion piece entitled “A shareholder solution to ‘Citizens United.’” As the title indicates, the article presents a way to control corporate campaign financing permitted by Citizens United. Specifically, the article introduces proposed legislation in Maryland that would require corporations to disclose and subsequently receive support from a “majority” of … Continue reading
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
The Internal Revenue Service (IRS) and the U.S. Department of Treasury issued a Notice (Notice 2014-52) last Monday that would further their efforts to prevent U.S. companies from using an increasingly prevalent tactic known as inversion to lower their tax bill. Conventionally, an inversion is a negotiation in which a U.S. multinational company restructures with a foreign … Continue reading
Recently the solution to decrease the wealth gap is to increase the living or minimum wage for workers. The Los Angelas City Council recently approved an increased minimum wage for hotel workers at establishments with at least 125 rooms to $15.37. New York Mayor de Blasio plans to sign an executive order to increase the … Continue reading
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