What is Basel III and Will it Help Avert Another Banking Crisis?

The Third Basel Accord (i.e. Basel III) is a voluntary global regulatory standard on banks requiring adequate capital and providing stress testing and market liquidity guidelines. Members of the Basel Committee on Banking Supervision agreed on the … [Read more...]

Protect Yourself from the Effects of FATCA

How will the U.S. Foreign Account Tax Compliance Act (FATCA) impact you? In an attempt to wring every last tax dollar out of Americans the Obama administration enacted FATCA into law on March 18th, 2010. With its 30% withholding Tax, it sent shock … [Read more...]

Government Roadblocks to Prosperity

Editor's Note: Anyone who has ever taken Economics 101 knows that the free market is more efficient than top down governmental planning at efficiently distributing goods and services at the lowest possible price. But often governmental bureaucrats … [Read more...]