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Tag Archives: economy

How come Google got to see proposed “Net neutrality” rules (and get them changed) but the public cannot?

Putting aside the fact that Google may very well be right here this development just reflects whose interests are represented at the FCC. It’s not ours that’s for sure.

Why won’t Commissioner Wheeler testify before Congress before the vote? Why can’t the public see the now secret rules before they are adopted? Google apparently got to.

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The Border Patrol Continues to Act as if a Federal Judge Hadn’t Just Blocked Obama’s Amnesty

The issue here is not really one of immigration for us. As we’ve stated before we are open to immigration generally. People have a right to move. But if America becomes a place where the rule of law is not respected, if America becomes a place where the president and the executive branch just do what they want in spite of the judiciary, then we have a problem.

In this instance it appears that the administration is really pushing the legal envelope. But this is not new.

Pen and a phone baby!

And if we continue down this road, one where the rule of law, one of the fundamental tenets of American identity is tossed aside, how long until this country no longer becomes a destination for people seeking a better life?

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Only 37 percent of student borrowers are in repayment and on time

But don’t worry. The market is up, we’re at a 5.6% unemployment rate, so the fact that not even half of student borrowers can afford their college debt is nothing to worry about. It’s not like we need young people to buy houses or start businesses. No, no, everything is just fine in the crony economy. So long as the professors get paid that’s what really matters.

(From The Washington Examiner)

Of the group that left school in 2009 with only $1,000 to $5,000 in debt, nearly 60 percent either have been delinquent, have defaulted (meaning that they fell 270 days behind on a payment), or have balances larger today than they were in 2009, because of deferrals or other delayed-repayment programs. Many of those troubled borrowers are non-graduates who took out some debt but then did not finish college and accordingly missed out on higher-paying jobs that could have helped them handle their loan payments.

Many people with starting balances over $50,000 or $100,000 also had higher balances today than in 2009. Those were more likely to be students who got professional degrees and then used income-based repayment programs, which cap payments as a share of income and then eventually forgive the debt after 20 or 25 years. That could ultimately prove financially advantageous for those borrowers, but in the meantime, the New York Fed notes, those borrowers’ credit scores will suffer as their loan balances aren’t getting paid down.

Click here for the article.

FYI, A Youtube channel which explores World War I in detail and in “real time.”

Crony capitalists do well during wartime. There is a lot of money to be made in guns, bombs, and death. World War I, or as it was called, “The Great War” was the first time such destruction (and war commerce) was wrought on a global scale. I personally find it a fascinating time.

Consider that the Federal Reserve, the income tax, the plane, the tank, the machine gun, chemical warfare, The Soviet Union, and the First World War itself were all born within a few years of each other. It was a time of massive change and rising statism. Those few years in many respects defined the next 100.

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