Democrat Presidential fronrunner Hillary Clinton put forward a plan of overhauling capital gains taxes in order to secure a long-term growth. Her aide said on Monday that she plans to secure the growth by taxing short-term investments at higher rates. Hillary Clinton made her first major campaign speech aiming at economic policies last week in New York and promised to break Wall Street and impose tougher financial regulations. The change in policy comes after her bid for the White House in 2008 Elections, when she promised not to raise the capital gains tax above 20%, if not at all. However, after pressures of more liberal Democrats and the Democratic Presidential contendor U.S. Senator Bernie Sanders of Vermont, she switched her position in order to expand voting opportunities, as well as have a more liberal economic agenda, eve though she and her husband, former President Bill Clinton, have strong ties to Wall Street. Details ...

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Republican Presidential hopeful Scott Walker has made statements about his foreign policy proposals that are embraced by a conservative crowd, but seem to have very little in common with general foreign policy knowledge. The newest addition to the Republican field of 15 candidates for the White House 2016 Elections, Scott Walker, the Wisconsin Governor, has been promoting his campaign across Iowa and South Carolina. He toured the states with his campaign bus and this weekend he turned away from diplomatic approach to foreign policy and instead used tough and harsh language in order to please his conservative crowd. He continues to make statements that seem to be a product of his ignorance of foreign affairs and leadership. One of the statements he made recently was that he would take on the Islamic State militant groups the same way he took down Unions in the United States. Of course, Walker is popular among ...

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The Chair of the Board of Governors of the Federal Reserve, Janet Yellen on Thursday said that the Fed is open to raise the threshold for systemic banks importance as well as a slow increase of interest rates. During the second day of the semiannual testimony of the Federal Reserve Chair, Janet Yellen, in front of Congress on the economy and monetary policy, many concerns were raised by Democrats and Republicans for the statement made by Yellen that the Fed would be raising interest rates. She said that when the Fed starts to raise interest rates it would be done in a careful manner so that the economy does not hurt and that the job market and income gains would be set back. She said that the Fed is faced with a challenge of achieving the goals of maximum employment and stable prices. While testifying in front of the Senate Banking Committee, a ...

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Barack Obama made a visit to the Federal prison in Oklahoma on Thursday and furthered his push for a criminal justice reform. President Obama is the first sitting president to ever visit a Federal prison as an effort to highlight the challenges and opportunities of the criminal justice system. Obama toured the El Reno Correctional Institution in El Reno, Oklahoma, which holds 1300 inmates, a 146 percent of its capacity. He met and spoke with drug-offense inmates and told them that he could have been in their place if he did not have the advantage he had in his youth. According to Reuters, after meeting the inmates he told reports that “These are young people who made mistakes that are not that different from mistakes I made. The difference is that they did not have the support structure, the second chances, the resources that would allow them to survive these mistakes.” He ...

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President Barack Obama’s National Security Adviser, Susan Rice said on Wednesday that Iran would not be able to avoid any inspection by the U.S. and their allies. The nuclear pact with Iran was sealed this week by eight international signatories including the United States, France, Britain, Germany, Russia, China, the EU and Iran and it has come into a lot of controversy, mostly because of disagreement and disapproval of Republican politicians and some Middle Eastern countries. They have been voicing their concern that the deal with Iran has many loopholes that can be abused by the Iranians in order to construct a nuclear bomb and use it to start a nuclear war in the Middle East. Concerns are coming from Saudi Arabia and Israel as well, who according to Reuters have said that the deal contains a loophole in the verification and Iran’s breakout capability, in other words, the time needed to ...

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President Barack Obama has made his greatest foreign policy of his presidency with sealing a nuclear pact with Iran that could either work or escalate the tensions in the Middle East. The deal with Iran was reached on Tuesday, with Barack Obama being pro diplomacy and talking to enemies, rather than using intervention and confrontation, together with global allies. This kind of foreign policy has worked with Cuba in restoring peace and prosperity and evolving the diplomatic ties between Cuba and the U.S. after decades of confrontation and hostility. However, many suggest that there is a great threat with the Iran deal. The Obama administration has struck an opening of a door with a phone call to the president of Iran, when he came into office in 2009 and later exchanged secret letter with the Supreme Leader Ayatollah Ali Khamenei. After a rigorous negotiation by Obama and his Secretary of State John Kerry and ...

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Scott Walker has entered the Republican race for the 2016 Elections on Monday. His announcement makes him the 15th Republican to join the already packed field of GOP Presidential candidates. The Wisconsin Governor has enjoyed the support of most of the conservatives from the Republican Party due to his conservative values, which is shown by every poll that makes him a top White House hopeful among the GOP. Walker has vowed to fight with his conservative values as a President, the same way he has fought unions as a Wisconsin Governor. According to Reuters he said “My record shows that I know to fight and win. Now, more than ever, we need a president who will fight and win for America.” He was elected Governor in 2010, and re-elected in November of last year and has survived a 2012 recall election due to his challenge to collective bargaining process for public employee union ...

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Hillary Clinton, the front-runner for the Democratic Party’s Presidential nomination for 2016 Elections, made a speech on Monday to make her economic agenda one for the average American. This is the first major policy speech of her campaign for the White House. As promised by her campaign that Clinton will give major economic address to the nation, she made a speech this Monday putting her fight for higher wages at the primary of her economic agenda, with promising middle-class wages to be raised in proportion with the raise of executive income and company profits. She called for companies to share more of their profits with the employees and for a broad reform of the national tax code. According to Reuters, during her speech at the progressive liberal New School University in Manhattan’s Greenwich Village, she stated “I believe we have to build a growth-and-fairness economy. You can’t have one without the other. ...

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The Democratic Party Presidential front-runner Hillary Clinton on Saturday received a major endorsement by the American Federation of Teachers, the second largest education union in the states and the first union to officially endorse a 2016 Elections Presidential candidate. The endorsement did not come as a big surprise, because the American Federation of Teacher backed Hillary Clinton in the primary battle against then-Senator Barack Obama, during the 2007 Elections campaign. Being the first national union to endorse a 2016 Presidential hopeful, the American Federation of Teachers represent 1.6 million members, out of which some expressed public support for Senator Bernie Sanders of Vermont, another Democratic Party Presidential nominee. However, according to Reuters, the American Federation of Teacher President Randi Weingarten, a close friend and ally of Hillary Clinton, stated that “Hillary Clinton is a tested leader who shares our values, is supported by our members, and is prepared for a tough fight.” She ...

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Donald Trump and Jeb Bush are in the lead of a packed field of Republican contenders for the Republican Party Presidential nomination for the 2016 Elections, according to a poll done by Reuters-Ipsos released this Saturday. The billionaire real estate mogul Donald Trump has come close to Jeb Bush, the Republican front-runner, former Florida Governor and brother of former President George W. Bush and son of former President George H. W. Bush. The poll shows that Trump has the support of 15.8 percent, compared to the 16.1 percent for Bush. They are followed by New Jersey Governor Chris Christie with 9.5 percent, the Kentucky Senator Rand Pail with 8.1 percent, Ben Carson with 7.2 percent and Wisconsin Governor Scott Walker with 5.8 percent. The respondents did the online poll and have identified themselves as Republicans. Another poll with the choice of only three candidates, Trump, Bush and Florida Senator Marco Rubio, ...

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