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
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
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
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
Recently, the Kaiser Family Foundation conducted a poll to judge the American public’s knowledge and opinion of the Affordable Care Act. Perhaps the most outrageous result from this poll is that, of those individuals uninsured, nearly 9 out of 10 of them did not know that open enrollment begins in November. Almost ninety percent of … 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
As Election Day nears, voters are faced with a variety of decisions that will affect aspects of their life from healthcare to education. In Missouri, an amendment to the state constitution that is on the November 4th ballot could have resonating effects on the state education system, teachers and communities. Amendment 3, which would be inserted … Continue reading
The individual mandate in the Affordable Care Act requires nearly all individuals to purchase health insurance. Subsequently, the issue of adequate provider supply comes into question. This is because it is believed that when more individuals have health insurance it is more likely that we will see more individuals using health care services. This is … 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
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