But remember Denmark is the happiest place in the world. (sic)
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.
Well here’s a shock. Lloyd “my company should have died in 2008 but was bailed out by the taxpayers” Blankfein doesn’t think there’s a place for free markets. I wonder why?
What isn’t to love about Obamacare?
Let’s hope this isn’t what she is saying when she says that scrutiny of the Fed (ha!) in the 1970s was the reason for stagflation. I mean they must be REALLY scared of an audit to float that line. I’m actually surprised.
The Federal Reserve, as we have noted, is the Prime Mover of crony capitalism. It is a politburo. It is a central planning committee. It is a tool by which the big banks are backstopped with the wealth of the American people. It should be audited. It should be opened.
This is what the dollar has done under the Fed.
Sorry Chicago cabbies but times change. Looks like the threat to out gay alderman who voted to let Uber operate in the city didn’t work. Now the cab drivers have resorted to driving around honking their horns in protest. Seems it would be wiser to instead focus on raising the quality of their service.
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?
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.
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.