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The economy plummets. You lose your job. Soon, you start to find it hard to make ends meet. You start putting things on your credit card. Then you fall behind in your card payments. All the while you’ve been desperately looking for a new job. Little do you know that being behind on credit card payments may stand between you and a job – the very thing that could get you back on the road to financial health.
Increasingly, states and municipalities are stepping in to fill the federal void on regulating and banning fracking. California has at least eight bills looking to regulate and/or tax fracking operations. Vermont became the first state to ban the practice.
We've talked a lot about how a carbon tax is a win-win-win proposal that would raise badly needed revenues, lower greenhouse gas emissions, and shift the cost of pollution onto the producer. It looks like some members of Congress are ready to take this step. Today, Rep. Waxman, Sen. Whitehous, Rep. Blumenauer, and Sen.
High Frequency Trading (HFT) is a method used by financial institutions wherebystocks are traded in fractions of a second. The traditional means of buying and selling required bankers to manually decide whether or not something was a good investment in the (semi) long run.
Opponents of income redistribution often argue that taking from the haves and giving to the have-nots is at odds with individual rights.
But here's a simple fact: There is no surer way to lose all your individual rights than to be dead.
And evidence keeps mounting that people with lower incomes die earlier. In effect, one result of inequality that the all-important right of living is enjoyed more by some members of a society than others.
Opponents of income redistribution often argue that taking from the haves and giving to the have-nots is at odds with individual rights.
But here's a simple fact: There is no surer way to lose all your individual rights than to be dead. And evidence keeps mounting that people with lower incomes die earlier. In effect, one result of inequality is that the all-important right of living is enjoyed more by some members of our society than others.
In the latest anti-HFT salvo, a 12-year veteran of Goldman Sachs Monday applied a new definition to the essence of high frequency trading, seeing it as a purposeful distortion of the flow of market information rather than just a successful trading technique. With that he also prescribed a financial transaction tax as part of a cure.
Sequestration is a heavy blow to regulatory agencies. For the Food and Drug Administration (FDA), the Environmental Protection Agency (EPA), and the Securities and Exchange Commission (SEC), among many others, the $85 billion in cuts is the next step in deregulation, which accelerated in the 1990s, especially in the financial arena.