On Thursday, January 10, 2013, the Consumer Financial Protection Bureau (CFPB) issued one of its most anticipated rules, the Ability-to Repay Rule. This rule attempts to redress, at least in part, what led to the housing bubble and the resulting financial crisis by ensuring what Richard Cordray, the director of the CFPB, describes as “responsible … Continue reading
The USAID provides financial assistance to a hundred countries worldwide. There have been recent criticisms directed at the United States Agency for International Development, better known in and outside America by the acronym USAID. Many American citizens still don’t know why the United States would allocate money to help out other countries at a time … Continue reading
Today, January 11, is Human Trafficking Awareness day. As part of January’s National Slavery and Human Trafficking Prevention month, many nonprofits and citizens are planning efforts to spread awareness and solidarity. One such effort is encouraging President Obama to pass the Trafficking Victims Protection Act, which was signed into law in 2008. The Act authorized … Continue reading
Which are worse governments or markets? The answer to this question might help you understand what political party you agree with, and how to solve the current US debt and debt ceiling problems. 1776 was the year the Declaration of Independence was signed, and the year Adam Smith published his famed “Wealth of Nations” (the … Continue reading
A few days after the unspeakable tragedy at Sandy Hook elementary, Democratic senator Dianne Feinstein announced that she would introduce legislation to ban assault weapons at the start of the 113th session of Congress. “I’m going to introduce in the Senate and the same bill will be introduced in the House, a bill to ban … Continue reading
My newsfeed headlines have been dominated by news that Russian President Vladimir Putin has been named second most influential man in the world. Although there are many other newsworthy stories to report, I believe that this story deserves a nod. According to Ian Bremmer, President of the Eurasia Group, influential, charismatic leaders still run the … Continue reading
The Magnitsky Act, a bill that recently passed in both the U.S. House of Representatives and the Senate, seeks to punish corrupt Russian officials. The bill, named after Sergei Magnitsky who discovered that Russian officials stole $230 million from the Russian treasury and alerted officials, and was later imprisoned and allegedly beaten and denied medical … Continue reading
Terrorism and religious extremism have found a home in Central Asia long ago. Ties between Central Asian terrorist cells and this in Afghanistan and Pakistan are deep. As fear of increasing terrorism and insurgency rises, Central Asia is increasing efforts to curb extremist tendencies in society. Either through counter terrorism operations, education of its citizens, or … Continue reading
The 2016 presidential race is wide open, in a sense, but in a sense it’s not. While the Republican side will undoubtedly be a highly competitive horse race, the choice for the Democratic nominee will come down to one question: will Hillary run? Others have been mentioned to have interest in running – Vice-President Biden, … Continue reading
Long-term care is expensive. It makes sense that it’s expensive, as it cares for individuals who need assistance in daily living activities. But this population makes up 48 percent of the total spending while only 6 percent of the Medicaid population uses long-term care services, according to a 2007 Kaiser Family Foundation study. In this economically … Continue reading
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