According to Forbes, firms are leaving California and New York in droves and opting for Florida, where the weather is warmer and taxes are lower. Questions: What are some of the factors leading to this super-charged Florida boom? What specific factors are associated with high density states like New York, Connecticut, New Jersey, Illinois, and… Read more »
Posts Tagged: financial industry
Enormous Chinese Ponzi Scheme!
A criminal investigation by Chinese officials has found that the online company, Ezubao, once a dynamo of the financial industry, offered mostly fake investment products to its nearly one million investors. This has highlighted the urgent need for tougher supervision of online financing system in the world’s second largest economy. Questions: 1. What interest rate… Read more »
Circumventing the Courts with Nine Words
Banning class action suits have essentially disabled consumer challenges to practices like predatory lending. Additionally, a Wall Street-led coalition of credit card companies and retailers, have also engineered blocks on class action suits. In this article, various companies’ efforts to protect arbitration are discussed. Questions: 1. Why has the “birth of a thousand clauses” taken… Read more »