All posts by Pat Hagerty

Change Financial Regulatory Goals to Save the Future of the United States Economy


In February of this year the S&P 500 closed above 2,100 for the first time in history. If you bought the S&P 500 same index on January 1st of last year you would have made 12% by the time you rang in the new year and if you had listened to Warren Buffet when he wrote his op-ed titled “Buy American. I am” in October of 2008, you would have more than doubled your money by now. It is safe to say that we have left the Great Recession behind and good times are ahead, but in 2006 many were saying the same thing. The market has a way of fooling even the brightest minds in Washington and on Wall Street, and it has made that fact clear countless times in the past. The only thing we can do is to pay attention and be prepared to take action if crisis occurs.

The best way to prepare ourselves is to learn from past mistakes. Every economic environment is unique in its own ways but there are also always similarities. Right now the Federal Reserve is dealing with the low interest rates created by the subprime mortgage crisis recover efforts. Now that the financial markets have recovered it is time to change our mindset from recovery to sustainability. The financial crisis hurt everyone, but the recovery left low and middle-income individuals behind as the income inequality gap continued to grow. In order to achieve a truly sustainable economy the Federal Reserve needs to stop giving Wall Street preferential treatment and help the masses. Now that quantitative easing is over, the Federal Reserve needs to use its monetary stimulus powers to create real wage growth on Main Street. At the same time, regulatory measures need to be taken to keep history from repeating itself in the form of another government bailout. Americans deserve to believe in the American Dream, and it is time to take steps to make that happen.

White Paper

Refill Your Bottle At Least Once


For many of us, bottled water is a daily staple. A case of 32 bottles of spring water can be bought for less than $5 at the local Wal-Mart. However, the environmental impact of each bottle of water is multiple factors larger than the bottle alone. Between bottle creation, transport and bottling, each liter of bottle water actually requires 3 liters of water to get it to the end user. Plastic bottles are also difficult to dispose of and have contributed to the formation of the Great Pacific Garbage Patch.

Continue reading Refill Your Bottle At Least Once

How did you win The Masters?


If I could have dinner with anyone in the world right now it would be Jordan Spieth. For anyone who is not a fan of golf, Jordan recently won The Masters at the age of 21. In doing so, he broke the record for the lowest position to par at any point and tied Tiger Woods’ four day scoring record that was set when Tiger was only 5 months younger than Spieth. Perhaps even more impressively, a video has since surfaced of Jordan being interviewed when he was 14. In the interview they ask about his goals and he says only one thing: “I want to win The Masters”. Spieth is such an inspirational person because at the age of 21 he has already accomplished a lifelong goal that many people only dream about. Continue reading How did you win The Masters?

Help Make Us More Disconnected


Elon-

When was the last time you had dinner with a group of friends without checking your phone at least once? Very few people, especially millennials, cannot answer this question. Not because they can’t remember the last time they went to dinner with a group of friends, but because they can’t remember the last time they didn’t check their phone. Sherry Turkle, a professor at MIT discusses this in her TED talk titled Connected, but alone?. Continue reading Help Make Us More Disconnected

Bucknell Holds Racial Equality Assembly: Racism Gone Forever


After a recent public and vulgar example of hate speech broadcast over the Bucknell radio station, WVBU, the student body received numerous emails from President Bravman. Every Bucknell student shared the same response of curiosity as to what someone could have possibly done wrong this time after they saw an email with the subject line “[Students]” from the President. Could there have been another email hack, or would this email potentially be upbeat and shouting praise for a Bucknell student’s behavior. Alas, it was neither. Instead, it was far worse. Continue reading Bucknell Holds Racial Equality Assembly: Racism Gone Forever

Sandy Weill, Citigroup and Gramm-Leach-Bliley: Could Virtue Have Saved Us From Crisis?


The Great Depression and Glass-Steagall

Fueled by post-World War I consumer optimism and rapid migration from rural towns to cities, the Dow Jones Industrial Average increased tenfold. This period of time, referred to as “The Roaring Twenties”, ended when the market crashed and the Great Depression began. The Dow Jones reached an all time high on September 3rd, 1929 of 381.7, a level that would not be seen again until 1954, in inflation-adjusted numbers. Just over a month later, between October 24th and October 29th, 1929, the Dow fell from 305.85 to 230.07, a record total loss of nearly 25%. This was the start of the Great Depression. Continue reading Sandy Weill, Citigroup and Gramm-Leach-Bliley: Could Virtue Have Saved Us From Crisis?

Starbucks and Sustainability: The True Cost of Your Morning Latte.


If you drink coffee, you have most likely had a coffee from Starbucks. Even if Starbucks is not your go-to, or you can’t answer the question “what is your drink?”, you are still affected by this massive company. Since it was started as a small shop in Seattle, it has grown to have over 7,300 company-operated stores and more than 4,600 licensed stores. Continue reading Starbucks and Sustainability: The True Cost of Your Morning Latte.

Serial Killers or America: who is more insane?


In American Psycho, Christian Bale plays Patrick Bateman, a vice president at a prominent investment bank. In the beginning of the film, we see Bateman going through his morning routine which involves a excessive maintenance regimen. He uses an ice pack to get rid of puffy eyes and nine separate cosmetic products before explaining “there is an idea of a Patrick Bateman…but there is no real me…I simply am not there” (American Psycho). We later learn that while Bateman is a businessman by day, he is a sociopathic serial killer by night.

*Warning: this post contains spoilers!*
Continue reading Serial Killers or America: who is more insane?