For those in the "know," FinTech (or financial Technology) is arguably the most admired startup sector in America. Next to cyber security and SaaS platforms, FinTech firms are revolutionizing the investment process. Companies like Wealthfront and Robinhood allow middle and lower class Americans access to services that have long been reserved for Wall Street's elite.
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Hillary Clinton, Poster Child For Financial Illiteracy
Hopefully by now, as an experienced American voter, you've realized politicians will promise their constituents anything in exchange for votes: call it quid pro quo incompetency. In most every example, be they liberal or conservative, presidential candidates address voter concerns by publicly declaring how they "understand" middle class problems and will undoubtedly, upon taking office, "support" all "comprehensive" and "bipartisan" solution.
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How China Just Elected President Trump
Surprise, China just devalued its currency... again! Over the past 24 hours, the People's Bank of China decided to depreciate the Yuan by 1.9%, making the U.S. dollar the strongest performing currency to date. This monetary action is nothing new in the current era of globalization; in fact, China has long been (rightfully) accused of purposely devaluing its currency so as to increase foreign direct investments and heighten its export-driven economy.
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America's Most Powerful Female
What is quantitative easing, and why does it matter? Will a Fed interest rate hike derail global growth prospects? How will the stock market respond to lower inflation? Will investors panic and induce a global asset selloff? These are the questions that keep Janet Yellen, America's most powerful woman, awake at night.
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Building America's Next Bomber
You can’t put a price on freedom; or maybe you can ($598 billion per year). In other words, there’s nothing wrong with spending tax dollars to maintain American exceptionalism. While we may allocate more money to defense each year than the next 13 countries combined, and develop technologies decades ahead of our enemies’ capabilities, the costs associated with a predominantly Russian or Chinese global sphere of influence are far higher.
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Reddit's Rebellion Against Pao
The Internet's most popular online community, Reddit, is currently spiraling out of control. After the recent firing of Victoria Taylor, one of its most prominent employees who was responsible for favorable website features, many different subreddit (sections of the site) managers have disabled user access to popular content. These actions represent an online protest meant to drastically reduce website traffic.
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Taylor Swift & Apple Have Bad Blood
Money talks; people listen. Absolute power corrupts absolutely. These are undisputed facts. However, after pursuing profits over equality, the world's richest and most powerful company has reversed its business strategy. After facing widespread backlash from musicians, in addition to a written critique by pop star Taylor Swift, Apple (AAPL) announced it will pay recording artists during Apple Music's 3-month free trial period.
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