Accredited Investors

For those who are not familiar, there is an aspect of investing that not everyone is capable of pursuing, yet can be highly profitable. An Accredited Investor is someone who has a net worth of over $1 million, or earns a yearly income greater than $200,000 individually or $300,000 jointly. This class of investors have access to what are called Alternative Investments, which consist of opportunities like Hedge Funds, Private Equity, Real Estate, and other asset classes as seen in the attached articles. Why is this such a big deal?

"Independent Contractors" are trapped in low-paying jobs

The income gap has spread from individuals to businesses, largely due to low-level employees being reclassified as independent contractors. When companies contract out low-paying jobs instead of hiring employees and promoting them, these low-level employee never get a chance to become high-level employees.

$15 Minimum Wage in Michigan

"State Sen. Coleman Young II, who last week announced his candidacy to become the next mayor of Detroit, introduced a bill to increase the minimum wage to $15 an hour starting Jan. 1, 2018." 

Cease All Trade With China

One of the major theories behind the increased income inequality in the United States is globalization. Offshoring, a major component of globalization, means moving a company's process or production outside of the origin country. This typically occurs when a company wants to decrease its costs of production and increase its profits.

Are College Entrance Exams Too Expensive?

Hello all,

We have spent much time discussing how there are systemic flaws in the education system that leads to inequity across socioeconomic, and by extension, racial, lines. Ideas related to affirmative action, tuition price, and income equity have been explored to an impressive degree. 

Ford’s Expansion of Car Research in Canada

Ford’s Expansion of Car Research in Canada

On Thursday, Ford Motor Company had announced it will be investing $500 million into Canadian research and developmental efforts. This move will be adding 300 software and hardware engineers in Canada and create a research and engineering center located in Ottawa.

Should Student Athletes be Paid?

Throughout my time at the University of Michigan, in my Political Science classes, the topic of Athletes and whether or not they should be paid for their time and commitment to their sports has been raised. On average, a Football player at the University of Michigan, spends between 5-8 hours a day doing strictly football activities. Between waking up for team breakfast, practice, lifting and conditioning, and reviewing game tape, the time others may spend watching Netflix or getting lunch with their friends, is spent dedicated to football.

TC Office Hours - Thursday 3/30 (10:00 - 11:30 am)

Mar 30 2017, 10:00am - 11:30am EDT
530 South State Street, Au Bon Pain, Ann Arbor, MI, 48104

I will be hosting TC Office Hours this Thursday 3/30 at 10:00 - 11:20 am.

The location will be near Au Bon Pain at the Michigan Union.

Feel free to come by to ask questions about your proposal or other content regarding the course.

Detroit MLS Expansion Team

Earlier this year, Detroit entered into the bidding for a new MLS franchise. Detroit is competing against 11 other cities for a new expansion team. The bid for the new team has been led by Detroit Pistons owner Tom Gores and Cleveland Cavaliers owner Dan Gilbert who are both billionaires with significant investments in Metro Detroit. This new team would come with a plan for a new mixed-use development that would include one hotel, one office building and one residential tower along with a new 23,000-seat stadium.

Accredited Investors

For those who are not familiar, there is an aspect of investing that not everyone is capable of pursuing, yet can be highly profitable. An Accredited Investor is someone who has a net worth of over $1 million, or earns a yearly income greater than $200,000 individually or $300,000 jointly. This class of investors have access to what are called Alternative Investments, which consist of opportunities like Hedge Funds, Private Equity, Real Estate, and other asset classes as seen in the attached articles. Why is this such a big deal?

"Independent Contractors" are trapped in low-paying jobs

The income gap has spread from individuals to businesses, largely due to low-level employees being reclassified as independent contractors. When companies contract out low-paying jobs instead of hiring employees and promoting them, these low-level employee never get a chance to become high-level employees.

$15 Minimum Wage in Michigan

"State Sen. Coleman Young II, who last week announced his candidacy to become the next mayor of Detroit, introduced a bill to increase the minimum wage to $15 an hour starting Jan. 1, 2018." 

Cease All Trade With China

One of the major theories behind the increased income inequality in the United States is globalization. Offshoring, a major component of globalization, means moving a company's process or production outside of the origin country. This typically occurs when a company wants to decrease its costs of production and increase its profits.

Are College Entrance Exams Too Expensive?

Hello all,

We have spent much time discussing how there are systemic flaws in the education system that leads to inequity across socioeconomic, and by extension, racial, lines. Ideas related to affirmative action, tuition price, and income equity have been explored to an impressive degree. 

Ford’s Expansion of Car Research in Canada

Ford’s Expansion of Car Research in Canada

On Thursday, Ford Motor Company had announced it will be investing $500 million into Canadian research and developmental efforts. This move will be adding 300 software and hardware engineers in Canada and create a research and engineering center located in Ottawa.

Should Student Athletes be Paid?

Throughout my time at the University of Michigan, in my Political Science classes, the topic of Athletes and whether or not they should be paid for their time and commitment to their sports has been raised. On average, a Football player at the University of Michigan, spends between 5-8 hours a day doing strictly football activities. Between waking up for team breakfast, practice, lifting and conditioning, and reviewing game tape, the time others may spend watching Netflix or getting lunch with their friends, is spent dedicated to football.

Detroit MLS Expansion Team

Earlier this year, Detroit entered into the bidding for a new MLS franchise. Detroit is competing against 11 other cities for a new expansion team. The bid for the new team has been led by Detroit Pistons owner Tom Gores and Cleveland Cavaliers owner Dan Gilbert who are both billionaires with significant investments in Metro Detroit. This new team would come with a plan for a new mixed-use development that would include one hotel, one office building and one residential tower along with a new 23,000-seat stadium.

Fight Income Inequality with Technology

 

In today's society, techonology has the power to revolutionize an industry and change people's lives. Despite living in a time where we can video-call people from around the world in an instant, people still live in poverty and struggle financially to make ends meet. Can technology be used to address income inequality and poverty in the state of Michigan?

No questions have been added to this group.
No documents have been added to this group.

Richard Pennala

Context

Reference to a current Michigan bill or law that relates in some way to your proposal:

Why this proposal will make a difference in the lives of students of all ages across Michigan, or a significant subgroup (by age, background, economic status, and/or region, etc.) of students in Michigan:

How and where did you learn about the issues underlying your proposal?

No polls have been added to this group.

Recent activity in this group

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