Monthly Archives: March 2015

Would Further Economic Sanctions Against Iran Ever Stop Its Nuclear Weapons Development?

The value of the Iranian Rial, which had already fallen in value by about half against foreign currencies since last year, has depreciated even more rapidly lately. The situation is exacerbated by the presence of a growing speculation market. Iranians increasingly demand U.S. dollars because sanctions have obstructed the transfer of money to foreign banks.

The efficacy of sanctions is a contentious subject in general, and there is much debate as to whether the current sanctions will be enough to change the Iranian regime’s tune regarding its nuclear program. Many think that a state as ideological as Iran will manage to convince its citizens to withstand the hardship. Some insist that the sanctions are causing Iranians to blame the West, rather than their own government, for economic hardship.

 

Others argue that the Iranian regime is resilient enough to not buckle under Western sanctions and that the government is unlikely to back down in the face of domestic pressure.

 

For More: Would Further Economic Sanctions Against Iran Ever Stop Its Nuclear Weapons Development?

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Why Financial Education?

it is a sad fact today that most people starting with students are financially illiterate.

Here are some sobering facts:

• The average score on a freshman “financial literacy exam” was 59%, according to the JumpStart Coalition.
• The average student has roughly $23,000 in student loans, $4,000 in credit card debt and four credit cards.
• An average of 7% percent of graduates default on their student loans within the first few years.

Here’s what students are begging to understand:

• 84% say they need more education on financial management, according to Sallie Mae.
• 62% say their knowledge of credit reports is either fair or poor, according to the Consumer Federation of America.
• 60% have only a vague understanding of their debt, according to The Free Library.com.

So what can we – as parents, activists and educators do?

For More: Why Financial Education?
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