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Anyone who has been to an airport after September 11, 2001 is well aware of the invasive policies the Transportation Security Administration (TSA) has emplaced to ‘protect’ travelers at the expense of their dignity. Youtube videos displaying TSAs excessively searching individuals have become common and even celebrities like Rihanna and Senator Rand Paul have complained
The billionaire investor Jim Rodgers is renowned for his constant bullish outlook in the commodity markets. While many traders get caught up in the dangers of the stock and derivative markets, Rodgers has always maintained the belief in investing in tangible objects. While many people denounce his methods, he is currently laughing all the way to the
As Stockton, CA become the first city to declare bankruptcy, lawmakers across the state are doing everything in their power to commandeer more revenues. In addition to driving up sales, income and corporate taxes, legislators have been coming up with more creative ways to tax their constituents. United Press International reports on California’s new plan
Barack Obama has become notorious world wide for his indiscriminate use of drones in Afghanistan to assassinate terrorist suspects and civilians alike. In addition to drone use overseas, they will soon be implemented domestically by local police, federal agencies and even private corporations. In a recent hearing on the matter, Congressman Michael McCaul (R-TX)
When people think of the Middle East’s major natural resources, the first that comes to mind is oil. Oil has created many conflicts and caused much bloodshed in the Middle East, however, in order to reduce their singular dependence on crude, Afghanistan is currently looking to capitalize on their vast mineral wealth. BBC News reports
In today’s digital age, already billions of people around the world have all used Google. However, many people remain concerned with the amount of security and privacy they have when using the search engine. Both reputable companies as well as black hat operations are constantly trying to harvest unsuspecting users’ personal information. United Press
One thing that liberals generally agree on is that using the government to mandate higher wages is a great thing. However, many fail to recognize the macroeconomic effects that minimum wages create and the extent to which they stunt job creation. Here’s a recent editorial from Reason that explains why these liberal economic initiatives are
For decades Americans have historically belittled and talked down to their northern Canadian neighbors. However in recent years, due to the collapse of the US housing market and their insurmountable debt, Canada is looking like a much more promising place economically and politically over the United States. US News reports on the recent role reversal between
One of the biggest headlines this week has been the story of how Yahoo recruited their new CEO, Marissa Mayer, directly from ranks of Google. As one of Google’s first employees, Mayer has accomplished an impressive amount in her 13 year career and such accolades made her a worthy candidate of one of the most
Recently, China’s export volume has been decreasing in the wake of the Eurozone crisis and severe uncertainty in the US market. In order to compensate for the decline in growth, China has been searching for alternative markets to export to, as well as purchase natural resources. In addition to their neo-colonization of Africa, China has
Places like Hong Kong and Singapore have been hot locations for expats looking to relocate in exotic locations. While South East Asia is booming, there still remains lucrative opportunities in the Middle East for many bankers and Wall Street execs. Despite the regions volatility, the United Arab Emirates remains one of the Middle East’s
When most people think of what it means to be wealthy, they envision grandiose mansions, world renowned sports cars and diamond covered Rolexes. However for many wealthy individuals, money has allowed them to live a life of freedom, unchained by their physical belongings. The Daily Mail reports on a Franco-German billionaire who’s living the international lifestyle without
South and Central American countries are waking up and realizing that if they want to have thriving, sustainable economies, they must create incentives for investment and human capital to come to their country. Chile has funded their own “Start-up” initiative and now even Equador is paying students and professionals to come set up shop in
From email to instant message, most communications nowadays take place in the digital world. While digital communication can be very convenient, it also can be very insecure. As more governments and corporations are tracking your usage, it’s important to be aware of exactly who has access to your conversations. Mashable reports on how Facebook is
California’s massive social programs have put the state in severe debt and it’s economy is suffering for it. To try to increase revenues, California has been driving up taxes, business fees and even the aggressiveness of their tax collectors. California’s desperation is apparent as the Board of Equalization (BOE) is more abrasive than ever in
Everyone is well aware of the current financial crisis occurring in Greece and despite the recent election and the bailout measures, there is very little optimism towards Greece’s economic future. While the social structure is crumbling however, the desperation has created new opportunities for the educated youth looking for work. CNN reports on the new digital revolution that’s being
China’s manufacturing industry has forced them to become an extremely resource dependent nation. Knowing this however, the Chinese have been strategically purchasing large amounts of both precious and rare-earth metals.With direct access to Mongolia’s deep rare-earth deposits, China has bee able to control the industry and ultimately set prices. NASDAQ reports on China’s new strategy
Energy is what keeps us, our technology and our economies moving. Scientists and engineers are constantly looking for new, more efficient ways to create and sustain energy. Despite the recent advances in natural gas cultivation and the small strides that have been made in renewables, electricity costs are still on the rise. Business
In an attempt to force Iran away from pursuing nuclear research, the UN has emplaced extremely harsh economic sanctions preventing almost every country from trading with Iran. In addition to the financial hurdles it’s caused Iran and others who want their oil, it’s also created a complete shift in Irani monetary policy due
When social media giant LinkedIn had their customers’ passwords compromised several weeks ago, many people woke up and realized the severity of cyber threats. The latest major breach of cyber security happened recently at Yahoo where hundreds of thousands of passwords were leaked on the internet. Information Week reports on the cyber attack and
When you think of European cultural capitals, the places that typically come to mind are: Paris, Vienna, Amsterdam, Berlin or several others. However, a little known city in Ukraine called Lviv, is also a hotbed of cultural diversity and economic trade. CNN reports on why Lviv is one of the most underrated cities in Europe and
After the housing bubble popped in 2007, many people realized the dangers of easy credit combined with speculation. However, while US politicians are currently doing everything they can to artificially inflate the housing market, Chinese officials are implementing every possible measure to deflate their growing real estate bubble. The Asia Times reports on the why China fears
Anyone who has ever taken out a loan for a car or a house understands the importance of having a high credit score. Peoples’ entire lively hoods hang in the balance of having a good number, but recent economic hardships have caused many people to default on loans and wreck their credit scores.
California along with several other states are currently experiencing severe economic recessions because of the massive debts they’re accumulated. To combat the deficit, California has been has been drastically raising taxes and business fees to increase revenues. This strategy however is hurting California as many companies are leaving the state for greener pastures. The
Over the past three decades, the Asian markets for the most part have grown relatively rapidly. Hong Kong, Singapore, South Korea and Taiwan have recently been referred to as the Four Asian Tigers, however the recent growth of the Philippines has caused investors to wonder when there will be five tigers instead of four. The Asian Times
Myanmar has a bloody past of military and dictatorial oppression, however the new President has been pushing for economic and political reforms that have caused much investor speculation. Despite all the new money flowing to their economy, Myanmar’s recent emplacement of former military general Swe as Vice President shows that progress is going
The American housing market has done very little to recover since the bubble popped in 2007 and governments’ growing desperation to prevent mass default has led them to be extremely impatient with homeowners who have any amount of back-taxes. However, in the government’s desperation lies investor opportunities to make big profits by buying up
American economist and New York University professor Nouriel Roubini is infamous for his prophetic foretelling of the housing bubble in 2007 and his current pessimism of Eurozone unity. In a recent interview with Bloomberg, Roubini revealed that he foresees another major collapse to occur in 2013 along with several other grim predictions. ETF Daily
Everyone is well aware that renewable energy is the way of the future, however that time may be farther away than we realize. Government subsidies by the Obama administration have wasted money on green energy initiatives that are not yet economically viable. Market Watch reports on how new technology in fracking and natural gas has delayed
One of America’s fundamental economic problems has been overconsumption. Part of the reason for the housing bubble in 2007 was first time home buyers were taking out loans they couldn’t afford. However, in the wake of the collapse and the current economic uncertainty, Americans are now making the smarter decision to spend less
Many people admire China for all of the capitalist friendly economic reforms they’ve made over the past 30 years, however in many ways, they’re still not doing enough to foster entrepreneurship. Communist China still focuses much of their resources on state-owned entities instead of allowing a competitive private sector. The Associated Press reports on the
Turmoil in Europe is even more evident today as a result of massive debt, austerity measures and desperate bailouts. Everyone is currently holding their breathe in anticipation of an eventual Eurozone collapse however, some people are more pessimistic than others. Author Wolfgang Münchau for one believes that this Euro crisis will not be resolved for
Success in life is almost always built on the lessons learned from past failures. Adversity fuels us to achieve goals we never believed were possible. While some people believe that Davids only defeat Goliaths in fairy-tales, research shows that underdogs beat the odds much more often than we suspect. In an interview with
Personal privacy is a growing issue in today’s wireless world and since there are nearly as many cell phones as there are people, almost everyone faces privacy risks. Ever since the passage of the Patriot Act, law enforcement’s use of cell phone surveillance has skyrocketed. The New York Times reports on this stunning trend of
Since its inception, the Second Amendment was created in order for US citizens to form their own militias against threats to their sovereignty both foreign and domestic. Despite its initial purposes, many people have forgotten its importance and now the UN is seeking to implement international legislation to effectively overrule the constitution. Forbes reports on
