Archive | Economy
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Column: Fed action now
The outlook for the American economy darkened considerably over the summer. Due to factors including Euro Zone instability, the debt ceiling fight, the end of QE2, a Federal Reserve action that increases the money supply, and the Japanese earthquake, the economy has slowed to a complete halt.
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Column: A helping grade for the poor
There is a horrific injustice lurking in the shadows of academia, turning our college community into a bastion of selfishness and greed. This gross injustice is brought upon by an unfair system that rewards the rich and impoverishes the poor.
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Column: US credit downgrade may inspire a solution
I’d be willing to bet most people have not been paying attention to politics this summer. Why would you? What happens in Washington is unlikely to affect the sunshine on the deck of your apartment complex’s pool.
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Column: The White House on holiday
Most Americans, especially the Obama administration, hoped that summer 2010 would be the summer of recovery. It turned out to be the summer of discovery as Americans discovered that the increasingly larger numbers on the national debt clock would actually have to decrease.
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Column: Balancing the budget debate
In order to pass his version of a debt-ceiling bill, Speaker Boehner reintroduced an idea with a long history in the American popular consciousness—a balanced budget amendment. It’s a bad idea for any number of reasons.
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Column: Corporate taxes hurt the middle class
With the announcement last week by the Congressional Budget Office that the federal government is on track to spend a trillion dollars it doesn’t have for a third year in a row, politicians on the Democratic side of the aisle are renewing their scramble for new sources of cash to tear ...
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New study shows bulk of national wealth held by few
All men are created equal—but their incomes are anything but. A recent study by Dan Ariely, professor of behavioral economics at Duke U., found that 20 percent of Americans rake in 84 percent of the nation’s wealth, while the bottom 40 percent only owns a low 0.1 percent.
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Column: Economic uncertainty pushes bank stocks lower
August has not been a good month for the financial markets. Economic fears about Greece, Ireland and Portugal have expanded to include Italy, the third largest Eurozone economy.
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Editorial: Gold bubble will burst
Businesses and shops that deal in gold have become commonplace across America. Pawn shops as well as new companies that buy and sell gold in mall shops have made gold speculation easily accessible to Americans On Sept.
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