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Uncategorized | New York Alumni

Trump and The Economy

President Trump signed an executive order on Friday February 3rd, 2017 which will attempt to pull back on the Dodd-Frank financial market regulations. The Dodd-Frank law was passed as a result of the 2008 financial collapse. As of today, the stock market is still on a significant bull run, hitting all time highs. But many in the financial industry and related submarkets are cautiously watching the events as they are unfolding. The Dodd-Frank Wall Street Reform and Consumer Protection Act, was signed by President Obama in 2010. Obama called it a “sweeping overall of the United States financial regulatory system”. The law included a new oversight council to evaluate systematic risk, comprehensive regulation of financial markets including increasing transparency of derivatives, a new consumer protection agency, standards to strengthen investor protection, regulation of credit rating agencies, and minimized banks ability to invest in private equity and hedge funds. At this point everything is on the table for change. Young Americans should watch these changes and find opportunities that arise. Every Republican President since Theordore Roosevelt in the early 1900s has had a recession in their first term. No one really knows what this administration will do, but Republicans have had a track record of making financial decisions that do not necessarily benefit the masses. Although Trump has made a big push to keep American jobs local, the reality is technology is moving faster than we could possibly keep up with. Americans should be seeking to harness technology and use it as an asset, not as a competitor. This executive order instructs the Treasury secretary to review and consult with...

Honoring Senior Brothers

We also take time to honor our Senior Brothers and acknowledge them for their dedication to the chapter throughout the years, paying them proper respect for the many sacrifices that they have made for the chapter over the years. In the month of November, the New York Alumni Chapter dedicates that meeting to our “Senior Members”. The Senior Night serves as a wonderful way to bridge the gap between the newest and oldest of us within the chapter. It instills the concepts of deference, and true dedication within our younger members and inspires us to also stay active within the fraternity to receive our merit certificates, 50 year pins and silver bowls. In New York Alumni, we value all of our members no matter the age difference. We all share in each other’s greatest of times and worst of tragedies. We also honor them for their own personal accomplishments as well. During our 2015 NYC Metro Founders Day Celebration this past January, we honored Brother Austin Powlis, a World War II Veteran, noted for being one of the individuals that stormed the infamous beaches of Normandy. He was humbled and honored that we took the time out to honor him and he was brought to tears. In NYA, we believe in the motto of “Honorable Achievement In Every Field Of Human...

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