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U.S. Ends ‘Wet Foot Dry Foot’ Policy With Cuba

Jan 13, 2017, 12:52 pm EDT

President Barack Obama is putting an end to the United States’ “wet foot dry foot” policy for Cuban immigrants.

The “wet foot dry foot” policy made it so that Cubans that attempted to enter the United States could seek citizenship if they managed to make it to the country. However, it turned away those that were that were trying to immigrate if they were caught while still at sea.

The “wet foot dry foot” policy was put in place by former President Bill Clinton. The decision to end the policy means that Cubans will now be treated the same as all other immigrants trying to enter the United States. Read 

Rhode Island Attempts to Legalize Recreational Marijuana (Again)

Jan 12, 2017, 4:06 pm EDT

Rhode Island could be the next state to go green in its approach to medicine.

The Northeastern state’s lawmakers will be attempting to introduce a bill that would allow the consumption of recreational marijuana. This is the seventh year in a row that Rhode Island has attempted to pass such a bill.

This time could be different for the state thanks to the overwhelming support that marijuana received in the latest presidential election. Massachusetts and Maine both legalized the recreational use of the plant on Election Day. Read 

L.L. Bean: Don’t Boycott Us Over Trump Donation

Jan 10, 2017, 1:00 pm EDT

L.L. Bean is asking its customers not to boycott it over one of its members supporting President-elect Donald Trump’s campaign.

L.L. Bean sent out its plea via Facebook Inc (NASDAQ:FB) to avoid a boycott after learning of just such a call from the website Grab Your Wallet. This website contains a list of companies that it urges visitors to boycott due to claims that they supported the upcoming President of the United States in some way.

Grab Your Wallet’s beef with L.L. Bean is that Linda Bean helped to raise funds for Trump. However, the apparel company argues that she gave this support personally and not as a representative of the company. It also points out that she is only one of more than 50 family members that help operate the business. Read 

Inauguration Day 2017: 14 Things to Know

Jan 4, 2017, 11:52 am EDT

Inauguration Day 2017 is quickly approaching and InvestorPlace has a few things you should know about the event.

    Inauguration Day 2017 will take place on Friday, Jan. 20. It will see President-elect Donald Trump be inaugurated as the 45th President of the United States of America. It will also include Trump’s running mate, Mike Pence, taking up the position of Vice President. The United States of America’s new First Lady will be Melania Trump. The country’s Second Lady will be Karen Pence. Jackie Evancho, the runner up in America’s Got Talent’s 2010 season, will sing at Inauguration Day 2017. Bill and Hillary Clinton will be attending the inauguration ceremony. George W. Bush and Laura Bush will also be in Washington for the event on Jan. 20. Jimmy Carter is another former President that will attend the ceremony. Current President Barack Obama will also be following tradition by attending the event. However, George H.W. Bush won’t be able to go to the event due to health reasons. President-elect Donald Trump is planning a shorter parade than normal that will only last for one hour and 30 minutes. Trump is also only planning to attend three of the Inauguration Day 2017 balls. Chief Justice John Roberts will be administering the presidential oath of office to Donald Trump.

The following is the presidential oath of office that Donald Trump will say on Inauguration Day 2017. Read 

New York Gov. Andrew Cuomo Free College Tuition Plan: 7 Things to Know

Jan 3, 2017, 5:55 pm EDT

New York Gov. Andrew Cuomo is launching a plan that will offer free college tuition to millions.

Here are seven things to know about the move:

    Students with parents who make $125,000 or less are eligible for the move. Cuomo’s free college tuition plan applies to students applying to state and city universities, as well as community colleges. The move was announced by the Governor alongside Bernie Sanders. A million students could be eligible for the move surrounding children looking to attend college. A three-year development plan will precede the move, and it still needs to receive regulatory approval in order to put it forward. By 2019, the program could cost up to $163 million, with the estimate considered to be too high or potentially too low depending on how many people actually become a part of it. The move applies to State University of New York (SUNY) schools, as well as City University of New York (CUNY) institutions. Tuition at SUNY schools is $6,470 and $4,350 at community colleges unless these figures go up.

The opinions contained in this column are solely those of the writer.
 
Want to share your own views on money and politics? Drop us a line at letters@investorplace.com and we might reprint your views in our InvestorPolitics blog! Please include your name, city and state of residence. All letters submitted to this address will be considered for publication. Read 

Universal Basic Income: Finland to Pay Some Residents $587 a Month

Jan 3, 2017, 1:33 pm EDT

Finland is trying out a universal basic income experiment.

The universal basic income experiment will give 2,000 citizens in Finland $581.48 per month to live on. The members of the experiment range in age from 25 to 58. As part of the experiment, they no longer receive other social benefits from the country.

Finland’s universal basic income experiment will last for two years. The 2,000 people that are taking part in the experiment are unemployed. However, they will continue to receive the monthly payment even if they get a job. There are also possible plans to expand the test in 2018 with more citizens and different payment amounts. Read 

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