Tag: student-loans

The Guillotine Drops
August 14, 2012 0

The Guillotine Drops

By News Desk

The Guillotine Drops A few weeks ago, before Joe Paterno’s statue was removed, Eli wrote in a post entitled Death Penalty Eli, as some have noted, is an ancient professor, an academic if you will.  He has followed the collapse of governance at Penn State with the interest of a bunny watching a disaster unveiled, and recently saw much back and forth about the NCAA (the folks who profit from and do the pompous on intercollegiate athletics in the US) imposing the death penalty on football at PSU.

Percentage Growth in Government Jobs vs. Private Jobs vs. Population Growth; Facts and Consequences
August 13, 2012 0

Percentage Growth in Government Jobs vs. Private Jobs vs. Population Growth; Facts and Consequences

By News Desk

Just 14% expect today’s children to be better off than their parents Just 31% believe the U.S. economy will be stronger in one year Just 27% think the country is heading in the right direction.  Just 24% of American Adults believe the job market is better than a year ago 44% think the job market is worse, up 15 points from June Demographics Suggest Majority is Right I happen to agree with the majority who think those now graduating from high school will not be better off than their parents. There are too few jobs, too much student debt, and too few workers supporting too many retirees on Social Security

Europe’s Most Dangerous Politicians: Angela Merkel, Francois Hollande, David Cameron, Jean-Claude Juncker, Jose Barroso, Mario Monti, Herman Van…
August 12, 2012 0

Europe’s Most Dangerous Politicians: Angela Merkel, Francois Hollande, David Cameron, Jean-Claude Juncker, Jose Barroso, Mario Monti, Herman Van…

By News Desk

Der Spiegel has published an inane article about Europe’s 10 Most Dangerous Politicians . Top 10 List Markus Söder , Bavarian Finance Minister: The politician from the Christian Social Union, the conservative sister party to Chancellor Angela Merkel’s Christian Democratic Union, is known for his tub-thumping rhetoric and has stepped up a gear in the euro crisis with vitriolic comments about Greece

Ponzi Bank Financing of "Wealth Management Products" in China Backed by Dubious Real Estate Projects; "Golden Elephants", Poway, …
August 12, 2012 0

Ponzi Bank Financing of "Wealth Management Products" in China Backed by Dubious Real Estate Projects; "Golden Elephants", Poway, …

By News Desk

Financial Times Alphaville picked up on the story in Chinese Banks’ Weapons of Mass Ponzi We wrote last week that China’s shadow banking system was reflecting and, to an extent, contributing to a growing liquidity risk which in turn is being exacerbated by net capital outflows. Since then, there have been some interesting revelations on the domestic liquidity management, especially in shadow banking, and especially especially in wealth management products

French Central Bank Admits the Obvious: France Back in Recession
August 8, 2012 0

French Central Bank Admits the Obvious: France Back in Recession

By News Desk

French Central Bank Admits the Obvious: France Back in Recession For those who who view matters on a practical basis, France has been in recession the entire year. For those who need to see two quarters of negative growth first, France slides back in recession . France is headed back into recession for the second time in just over three years, the country’s central bank warned on Wednesday.