Choosing the Next Head of the Federal Reserve

Allisa Eunsol Hwang
5.31.2013

http://economix.blogs.nytimes.com/2013/05/30/choosing-the-next-head-of-the-federal-reserve/

published May 30, 2013

by Simon Johnson

The New York Times

This news is about choosing the next head of the federal reserve, as its title says. Ben Bernanke is present chairman of the Board of Governors of the Federal Reserve System, and his term will be expired at the end of January 2014. Including him, there are several candidates; Janet Yellen, current vice chairwoman of the Fed, Timothy Geithner, former Treasury secretary and former president of the Federal Reserve Bank of New York, and Lawrence Summers, former Treasury secretary and former head of the National Economic Council. Non of them made clear promises yet, but they will start to do soon. 

It is interesting that they already start to thinking about choosing new head because it is 6 months before. I hope good person would be the head of Fed, so that there would be no problem and would give good advice to president.

Koreans operating in tax havens revealed

Allisa Eunsol Hwang 
5.24.2013

http://www.koreatimes.co.kr/www/news/biz/2013/05/488_136170.html

published May 22, 2013

by Na Jeong-ju

The Korean Times

This article says that there are 245 Koreans who built their company on Tax Heaven, like Virgin Island. Those 245 Koreans include Lee Soo-young, CEO of OCI, and his family. They say that this is just result of primary investigation, and they think there will be more people. It is not "illegal" to build their company on Tax Heavens, but it can led to tax evasion, so it is kind of problem. 

I don't understand why people don't want to pay taxes. Of course it is large money for those who earn a lot, but still they will get that much services. I think they must be very apprehensive right now. I will rather pay tax and live with comfortable mind. 

Obama Pushes Congress to Help More Homeowners Refinance

Allisa Eunsol Hwang
5.17.2013

http://www.foxbusiness.com/personal-finance/2013/05/13/obama-pushes-congress-to-help-more-homeowners-refinance/

Published May 13, 2013

by Kate Rogers

FOXBusiness 

President Obama is pushing Congress to give more homeowners the chance to refinance their current mortgages to help maintain the housing market recovery. Refinancing mortgages can save or give you more money. So president Obama says people that if your state don't do that, you can go and ask for it. 

If people have more money by this, then people will want more. then it can possibly led to inflation. anyways i think this is good to refinance mortgages so that i can have more money. 

Inefficient borders can knock GDP by 5%

Allisa Eunsol Hwang
5.10.2013

http://bdaily.co.uk/environment/08-05-2013/inefficient-borders-can-knock-gdp-5/

published May 8. 2013

by Tom Keighley

This article says that inefficient borders can drop as much as 5% of GDP, because they can take more money and time to travel through borders. Some of other factors may influence are Transport and infrastructure logistics. So country should take care of them well to have good economy. 

I think the government cannot control borders and infrastructure logistics that much. So I think government should take care of transportation and those related things and make it efficient.