Corporations like Koch Industries and Trane Technologies have been exploiting the “Texas Two-Step” bankruptcy strategy to shield themselves from liabilities, raising a provocative question: if corporations can use this legal loophole to protect their assets, why can’t individuals burdened by student debt do the same? And beyond that, why aren’t the educational institutions and loan…
Tech billionaire Elon Musk recently called for the elimination of the Consumer Financial Protection Bureau (CFPB), the federal agency that oversees buy-now-pay-later (BNPL) programs. These programs, while marketed as convenient, are pushing many Gen Z consumers into mounting, often insurmountable, debt. Musk’s stance has reignited debates about the importance of consumer protections as BNPL services…
Tech billionaire Elon Musk has sparked debate after calling for the elimination of the Consumer Financial Protection Bureau (CFPB), an independent federal watchdog that protects Americans from financial exploitation. In a post on his social media platform, Musk wrote, “Delete CFPB. There are too many duplicative regulatory agencies.” His remarks have reignited discussions about the…
Bitcoin and some stocks with fixed shares outstanding can be compared to a Ponzi scheme in their reliance on continuous inflows of money to sustain and grow their value. While they are not explicitly fraudulent like a Ponzi scheme, they share some structural similarities that make them vulnerable to crashes when the flow of new…
Forget trendy diets and expensive gym memberships—tariffs on Mexico and China might be the new weight-loss solution for millions of Americans. With the potential for higher prices on everything from tortilla chips to household essentials, some favorite indulgences could become luxuries, forcing a nationwide cutback on high-calorie processed foods. Take snacks, for instance. Frito-Lay, the…
President elect Donald Trump has proposed a bold approach to reshaping trade by implementing substantial tariffs on goods imported from China, Mexico, and Canada. His plan includes a 25% tariff on Chinese imports, a 10% tariff on Mexican goods, and a 5% tariff on Canadian products. The goal is to protect American industries, reduce reliance…
Elon Musk’s newly created “Department of Government Efficiency” (DOGE) could spell trouble for many federal employees. The initiative aims to cut costs through regulation rollbacks, workforce reductions, and a strict return-to-office mandate, with Musk suggesting that remote work and inefficiencies are dragging down productivity. Here are the top 10 federal employees or roles most at…
Following Donald Trump’s victory in the 2024 U.S. presidential election, many individuals who had previously declared their intention to leave the country are reconsidering their plans. Here are the top ten reasons for this change of heart: Logistical ChallengesMoving to another country is no simple task. It requires extensive planning, including securing legal permission to…
As President-elect Donald Trump assembles his administration for his second term, several individuals who contributed to Project 2025—a comprehensive policy blueprint developed by the Heritage Foundation—have been appointed to key positions. This alignment underscores the project’s significant influence on the incoming administration’s direction. Despite distancing himself during the campaign from Project 2025, his appointments tell…
With the incoming administration planning to extend key provisions of the 2017 Tax Cuts and Jobs Act (TCJA), the winners and losers in this tax landscape are becoming clear. While the highest earners stand to benefit significantly, the middle class may find any modest gains offset by rising costs, particularly due to increased tariffs on…
