The infamous 2010 Citizens United ruling introduced big money to politics. Through unlimited sums of money during the election campaigns, wealthy donors can sway the votes. But the problem may not be around the unlimited sums of money but the ‘non-disclosure’ part of it. In a 2015 poll, 87% of the respondents wanted to reduce the excessive influence of wealth in politics and put the power of a rich person on par with a common voter. Before 2010, the financing of election campaigns was strictly controlled under the campaign finance law, which restricted corporations and unions from making any kind of donations and limited individuals toRead More →

The Trans-Pacific Partnership (TPP) has been an ongoing trade deal that was finally agreed upon by all the 12 countries. The secret deal connects 12 countries of US, Brunei, Chile, Australia, Singapore, Japan, Mexico, Vietnam, New Zealand, Canada, Malaysia, and Peru. The regional trade deal is already receiving mixed reviews that are focused on the environmental, labor, trade and intellectual property issues  The trade deal establishes international common standards and is likely to be a threat to those countries that have been left out. Some of the non-TPP countries also happen to be large emerging markets like China, India, South Korea and Taiwan. The trade deal was put under ‘fast track’Read More →

Libor manipulation can bankrupt sixteen big banks and shake investors’ confidence. Libor rigging involves billions of dollars as profits. The big banks include Bank of America, JP Morgan Chase and Citigroup. While the first rigging case was brought to light in 2012 (Also Read: The LIBOR Fallout – A Big Bank scandal )the scandal dates back to as early as 2007-2008. Ironically, this was the time when the nation was going through its worst financial turmoil. London Inter-Bank  Offered Rate is known as libor and is the rate banks charge one another for loans in the London market. It acts as a benchmark and as a referenceRead More →