The short answer is: maybe. On Wednesday, during the Senate Banking Committee hearing, Senator Elizabeth Warren grilled Federal Reserve Chairman Ben Bernanke on the $83 billion implicit subsidy that big banks receive from low interest rates. That night, Fox Business News’ Gerri Wilson misquoted the figure, expressing outrage over the “$83 trillion dollars, you know, … Continue reading
Why is the prison population in the United States so high compared to other countries? While the U.S. represents about five percent of the world’s population, it houses nearly 25 percent of the world’s prisoners. It may be the cas, then, that the high incarceration rate in the U.S. is a sign of our advanced society with … Continue reading
Today, February 26, both the Federal Housing Finance Agency (FHFA) and S&P/Case-Shiller came out with their respective Housing Price Indexes and both reflect a vibrant, growing housing sector. S&P/Case-Shiller reported a national 7.3% increase in home prices for 2012, and 19 of the 20 cities used to calculate the City Composite had positive year-over-year growth, … Continue reading
In his State of the Union address, President Obama unveiled his administration’s goal to introduce universal preschool for children four years of age, from low and moderate-income families. To finance this, the White House’s goal is to allocate federal funds to states based on their share of four-year olds from low- and moderate-income families, as … Continue reading
And so we enter another manufactured financial crisis here in Washington. The U.S. government is on the precipice of implementing massive spending cuts to federal programs. Totaling $1.2 trillion over the next decade, these cuts, known as (cue the headline buzzword) the “sequester,” will cut nearly every federal program’s budget by 8.2%. Both the left … Continue reading
Almost two weeks ago the president delivered the State of the Union and talked about many of the domestic issues affecting us today and how he intends to solve them. The president only talked about foreign policy towards the end of his speech and mentioned every single region of the world, except Latin America. Sadly, … Continue reading
It is said that “knowledge is power”, and in today’s globalized, high tech, digital world this is truer than ever. Never has information been more accessible and, at the same time, more valuable than in the 21st century. As the rising superpower it is, the People’s Republic of China is demonstrating with its intelligence structure … Continue reading
The Senate Committee on Banking, Housing, and Urban Affairs is not often the subject of a million YouTube views. Senator Elizabeth Warren (D-MA), who ran for office promising change in Washington, may have delivered last week by helping the committee accomplish this feat. The trouble for Sen. Warren, and the committee meeting she hijacked, is … Continue reading
Here’s a novel idea: Facebook co-founder Eduardo Saverin proposes an idea to enforce the use of real names and identity of Facebook users in order to provide accurate health related information to the right person. Health information technology is an idea that has been discussed in the past, but more so now because of the buzz of … Continue reading
On February 17th the largest climate change rally in this nation’s history took place. The rally began at the National Mall where Bill McKibben—founder of 350.org an activist group focused on solving the climate crisis—delivered an energetic and motivating speech. Over 35,000 people braved the cold and turned out for the event. 350.org, The Sierra … Continue reading
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