In a world with multiple payment systems, the one you choose matters because it determines your legal rights, the speed at which you are charged or receive funds, and the costs and benefits that consumers and merchants incur.
There is too much distrust of the electoral system and many reasons to account for why. But one of the causes we have heard more about than any other is the way in which legislative districts are drawn.
The American Savings Promotion Act, which will allow banks to offer depositors lottery entries (in lieu of interest) in “Prize-Linked Savings” accounts, passed the Senate by unanimous consent earlier this week and is now headed for President Obama’s desk.
While U.S. policymakers’ attention has been focused on Turkey’s response, or lack thereof, to the conflict raging in Iraq and Syria, there have also been significant developments in the country’s domestic politics worthy of attention.