Banking is based on a relationship of implicit trust in which consumers trust the bank to safeguard their money and provide instant access to funds while banks trust that consumers will retain a certain portion of their funds within the institution for use as lending capital. In order for a bank to retain solvency, it … Continue reading
A big part of the problem with the current wave of immigrants coming to the U.S is the fact that they are largely unskilled and non-English speaking. According to a report by the Federation for American Immigration Reform (FAIR), the type of immigration reform that the U.S needs must include an end to unskilled immigration. … Continue reading
“Error 37: The servers are busy. Please try again later.” This simple error was the source of much grievance for hundreds of thousands of gamers last year when Diablo 3 was first released. After waiting years for the third installment in the massively successful role playing franchise, the servers could not handle all of the … Continue reading
The recent debates on retirement policy are anything but productive. The main points revolve around the rising debt and health care costs, as well as increasing the retirement age. While these concerns are important, retirement policy in the United States (and in the world) needs another look. More and more people are living to the … Continue reading
While Senator Ted Cruz’s September 24 speech condemning the Affordable Care Act was not technically a filibuster, the length of time he spent talking without yielding the floor is notable in the history of speeches delivered in the Senate. Filibusters are intended to delay or prevent voting on a piece of legislation. A senator may … Continue reading
I wanted to visit my significant other, who is studying abroad at the University of Limerick, in Ireland. Not to my surprise, my flight research came to a screeching halt when I saw the digits perpetuating across the computer screen, making me wonder if the amount was a phone number, or the ticket price—and I … Continue reading
In response to the 2008 crash of the housing market, the Housing and Economic Recovery Act of 2008 created the Federal Housing Finance Administration (FHFA) to serve as government conservator of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks; and injected $188 billion in taxpayer funds to bailout the agencies collectively known as … Continue reading
On September 16, University of Texas Austin released a study showing that shale gas production releases fewer methane emissions than previously thought. If true, the study’s findings could swing the debate over hydraulic fracturing—a technique used to extract gas from shale formations—in favor of the natural gas industry. In the last five years, developments in … Continue reading
It has been more than two years since the creation of the Consumer Financial Protection Bureau (CFPB), a Dodd-Frank requirement intended to regulate financial services and to protect Americans from another financial crisis. Despite start-up challenges, lawsuits questioning its legitimacy, accusations that it is too powerful, and the controversial recess appointment of Director Richard Cordray, … Continue reading
Nearly everyone, regardless of personal political beliefs, will agree that President Obama’s stance(s) on Syria has been perplexing. Syria’s conflict began back in March 2011 as a popular uprising during the Arab Spring. As the conflict transformed into a civil war, rumblings grew for international intervention. On August 20, 2012, Obama stated that his red … Continue reading
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