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Smart Start Money provides information on making smart money decisions. Providing tips, personal experiences, and opinions on saving smart and spending smart. Times have changed since getting a job and keeping the same place of employment for a lifetime. The average time spent with one employer is now three to five years. Companies are replacing workers with lean staff that previously held more people to accomplish the same tasks. This has resulted in periods of unemployment for many people making it challenging to save for retirement and stay debt-free. The rising costs of healthcare, consumer goods, and wages that often do not seem to keep pace with the cost of daily life make it more important than ever to make smart financial decisions. Millions of people struggle each day to get ahead. The intention of Smart Start Money is to not only provide insight into saving or spending but also open conversations. Discussions relating to the economy, employment, and even the occasional forbidden topic of politics are possible. If the subject matter has a correlation to helping people with their finances or questioning the so-called experts, it is open for dialogue. It has never been more important than ever to save and stay out of debt. No one has all the answers when it comes to personal finance. People come from all different backgrounds in life. The choices we make and the opportunities available are never identical. We can all learn from each other.
Episodes
Monday Apr 06, 2020
Profiting Politicians and Lawmakers: Insider Trading and Politics
Monday Apr 06, 2020
Monday Apr 06, 2020
Insider Trading and Politics
Insider trading has been known to be an illegal practice for some time. For politicians and lawmakers trading on information not available to the public is really nothing new. However, trading on non-public information for Congress was supposed to theoretically stop in 2012 with the Stock Act that was put in place to prevent these people from taking advantage of their positions for financial gain.
With the recent pandemic of COVID-19, many people on Capitol Hill, including lawmakers and congressional aides, have made questionable financial transactions potentially based on information they received that was not public. The alleged misuse of information for financial gain is clearly a problem both legally and from an ethics standpoint, if just not even morally wrong.
This podcast episode takes a look at the issue of politicians and how they need to be held accountable for their actions when it comes to profiting from non-public information.
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