Tuesday (November 4) was a big day for the Republican Party, gaining seven seats in the Senate giving them control of both chambers of Congress. In all of the excitement about the momentum change in federal politics, there was a proposition being voted on in California that went relatively unnoticed when it should not have. … Continue reading
Category Archives: Politics
The Most Extraordinary Aspect of the Election is Not What You think!
Following an election, market participants strive to explore the new political landscape. Pundits are commenting, and slowly but surely, people discover what the new landscape looks like. Interestingly though, if you ask political economists (sometimes called Public Choice economists) the most fascinating aspect of an election is perhaps not what parties gain control of which houses of … Continue reading
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
How Can International Students Boost the U.S. Economy? – Part II
Many international students have been leaving the United States after successful completion of their studies. The vast majority of them have been worried about obtaining visas and jobs in fields of their interest since the U.S. current immigration system does not offer any feasible way of how to stay in the country after graduation. Although … Continue reading
How Will the IMPACT Act Impact Hospice Care?
President Obama signed the IMPACT Act into law on October 6. The law had overwhelming bipartisan support and will bring increased federal oversight to hospice programs across the country. The legislation mainly addresses how nursing homes, rehab-centers, and home health agencies assess and report data on quality and other measures. However, buried in the new law … Continue reading
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
How Can International Students Boost the U.S. Economy? – Part I
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
STEMigration Reform: Not All About the Cap
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
Questioning the “Shareholder Solution”
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
Evading Same-Sex Marriage Ruling: Impact on Political Races
“#VirginiaIsForLovers”, tweeted Senator Mark Warner (D-VA.) in response to the U.S. Supreme Court announcement that it will not hear any of the seven cases brought before the highest court in the land regarding same-sex marriage. While some on the left rejoice that the court’s avoiding this decision is a victory within itself, those facing hotly … Continue reading
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