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The Independent Investor: Banks Face Tougher Regulations
By Bill Schmick,
08:46PM / Thursday, April 10, 2014
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This week the eighth largest U.S. banks were told they need to increase capital by about $68 billion. In some ways it is too little, too late in the government's efforts to prevent another financial meltdown. Nonetheless, the regulations do provide an increased level of safety for taxpayers.

"Too big to fail" is a term that makes most of us grind our teeth. It was taxpayers, after all, who were required to pay trillions of dollars to rescue our financial sector after the 2008-2009 financial crisis precipitated by our largest banks. Ever since then, regulators have been looking at ways to prevent the same thing happening again.

Now, over five years later and

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The Independent Investor: Obamacare Confounds Critics
By Bill Schmick,
04:15PM / Friday, April 04, 2014
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Despite a coordinated and well-financed effort to sabotage and overturn the Affordable Care Act, the open enrollment numbers this week indicate there is a groundswell of support by Americans for a universal and effective health-care coverage.

That may surprise some of you but not this columnist. Back in the day, I lived through the fear and anxiety of having no job or health-care coverage. The nightmare of how to protect my family kept me awake at nights. Fortunately I did land a job, actually a crappy position I took simply because my employer offered health-care coverage.

Right here in my neck of the woods, the North Adams Regional Hospital announced (with three

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The Independent Investor: Do Women Have a Choice?
By Bill Schmick,
03:05PM / Friday, March 28, 2014
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Income inequality between the sexes in this country has always been a problem and it does not appear to be getting any better. Critics argue that much of the blame lies in the choices many women make in pursuing their education and career goals. I beg to differ.

In my last column on the subject two weeks ago, I observed that the pay differential between men and women had finally caught the attention of national politics. The National Budget Office, for example, pointed out the biggest beneficiary of a minimum-wage increase would be women.  It is true but the real core of this issue lies elsewhere.

As most readers are aware, American society has changed. As a result of the

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The Independent Investor: What's Wrong With This Flight Plan?
By Bill Schmick,
10:14AM / Friday, March 21, 2014
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The next time you board a regional airplane remember this. The co-pilots responsible for your safety are making the minimum wage. That means they are earning about as much as the guy hauling trashcans outside your local supermarket or flipping fast-food burgers and working a heck of a lot longer hours as well.

The disappearance of Malaysia Airlines Flight 370 has mystified the world. It has also brought the issue of flight safety on the front-burner again. The investigation has now centered on the possibility that someone on the flight crew tampered with or re-directed the flight path of the plane carrying 227 passengers. To me, it simply drives home the point that whether you are

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The Independent Investor: Income Inequality Among Women
By Bill Schmick,
06:37PM / Thursday, March 13, 2014
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— President Barack Obama, State of the Union Address

This week the president met with women members of congress to discuss income inequality among the sexes. At the same time, the Democratic Party is making the passage of a minimum wage bill part of its campaign strategy for mid-tem elections this year. It appears that how much a woman makes in this country has suddenly become important.

It's about time. This has been a pet peeve of mine for years. Some longtime readers may recall my first four-part series on this subject back in 2009-2010. At least once a year since then, I have tried to keep the inequity between the salaries of men and women on your front

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