With college costs soaring and the economy stalled, desperate college graduates, unable to repay college loans, are defaulting en masse. According to a new report by the Department of Education, default rates on student loan debt have soared to 13.4 percent during the first three years of the debt repayment.
Everybody knew it was coming. With the economy continuing to founder, it was only a matter of time before Ben Bernanke and the Federal Reserve decided to turn once again — like the proverbial pig to its wallow — to printing money in a vain attempt to jolt the moribund American economy back to life. As with the first two such feckless efforts, they’re dressing this one in fancy verbiage — “quantitative easing” — that fools no one. This third round of quantitative easing — QE3 for short — announced Thursday and set in motion Friday, is just the digital equivalent of printing still more money, money that banks and other financials will either hoard in vaults or pour into equities, driving up stock prices but doing little to enliven the economy as a whole.
After 70 years of denial, new declassified documents show that the Roosevelt Administration knew — and covered up the fact — that Stalin butchered 22,000 Polish military officers.
China has made tremendous strides in the world economy in the last 30 years, and many are predicting this progress to continue. But China has possibly insurmountable problems.
Argentina's government is growing more desperate as her currency is once again caught in an inflationary maelstrom. Are draconian financial and currency controls in America's future?
The power of the free market is finally being brought to bear on the Final Frontier. The new "space race" among private corporations has every intention of succeeding where government has failed: to establish a permanent and diverse human presence in space.
For the last decade, household incomes have been declining steadily, and the American middle class is being squeezed. In fact, barring a very dramatic change in political sentiment, the American middle class — the chief source of productivity and vitality in America for centuries — will likely be compressed out of existence.
What is certain is that an implosion in Europe's debt crisis is reaching the point of inevitability in much the same manner that the housing bubble came to a head and burst in the United States, but though no one knows when the debt crisis will come to a head, events are happening in September that may push the eurozone over a fiscal cliff.
They’re baack! After two decades, the UN’s eco-globalist faction has returned to Rio de Janeiro to put the “plan” back in “planet.” Now that we’re more than a decade into the new century, the globocrats have convened at Rio+20 in order to fine-tune their agenda.
That fine-tuning includes staying apace of consumer preferences. Nowadays, the Phenomenon Formerly Known as Global Warming is proving a harder selling point than it was a generation ago. What is popular is the mass extinction trope, an apocalyptic scenario that conjures up hellish visions of doomed dinosaurs choking on asteroid ash and hapless herbivores swept away by towering tsunamis. This epoch’s edition of extinction is subtler, with legions of species ushered into oblivion by the alleged depredations of humanity, from deforestation to, well, just about every other human activity imaginable.
Supposedly on Americans’ behalf, the U.S. government is employing new hardware, such as supercomputers, monitoring systems, and laws to literally and figuratively lay us bare at will. “The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures” is being undermined by the new surveillance state.