Student loan debt listed on table with name tags. getty In accelerating forgiveness of certain income-based student loans, President Biden performed minor cosmetic surgery on an atrocious system. Fortunately, there’s a simple solution: Let students and parents borrow as well as refinance their loans at the prevailing Treasury’s 30-year bond rate. In accelerating forgiveness of…
usa x russia getty David Morse of the Coalition for a Prosperous America and Martin A. Sullivan of Tax Notes discuss what the United States’ tax response to Russia’s invasion of Ukraine should be. This transcript has been edited for length and clarity. Watch the shortened video here. For the full interview, watch the video…
Charger with Tesla logo at a Supercharger rapid battery charging station in Mountain View, … [+] California. (Photo by Smith Collection/Gado/Getty Images). Getty Images West Virginia Senator Joe Manchin set off environmentalists last week when he said tax credits to subsidize the purchase of electric vehicle (EV) tax credits are “ludicrous.” His argument: It makes…
WASHINGTON, DC – JUNE 15: As college students around the country graduate with a massive amount of … [+] debt, advocates display a hand-painted sign on the Ellipse in front of The White House to call on President Joe Biden to sign an executive order to cancel student debt on June 15, 2021 in Washington,…
China is the source of most goods sold in shopping malls across America. It is the country’s biggest … [+] trade deficit, mostly thanks to the decisions of American corporations and Congress, and not Beijing. (Allen J. Schaben / Los Angeles Times via Getty Images) Los Angeles Times via Getty Images An overwhelming number of…
Crypto Photo: trustetc.com Institutional clients traded $1.14 trillion worth of cryptocurrencies on Coinbase in 2021, more than twice the $535 billion of retail investors, according to the Wall Street Journal. There are about 856 crypto hedge funds operating today, with $68 billion in assets under management. The AUM is about the same total assets under…
Senior Woman Sitting In Chair And Laughing With Nurse In Retirement Home getty The US desperately needs more direct care workers to provide personal assistance to frail older adults and younger people with disabilities. Many native-born Americans were unwilling to do this work even before the Covid-19 pandemic. Now, shortages are far worse. Yet, the…
Chief economic adviser Larry Summers attends a signing ceremony at the White House in Washington, DC … [+] January 30, 2009. US President Barack Obama signed a three executive orders to reverse Bush administration labor policies. AFP PHOTO/YURI GRIPAS (Photo credit should read YURI GRIPAS/AFP via Getty Images) AFP via Getty Images In early 2021,…
Burning US five and one dollar bills, London, 8th August 2011. (Photo by Tom Stoddart/Getty Images) Getty Images The Bureau of Labor Statistics released its monthly inflation report this week showing a jump in year-over-year CPI at 8.56%. You must go back over 40 years to December 1981 to find a higher reading. What’s the…
Getty Images Getty Images Tuesday’s faded rally was an important event because it demonstrated just how challenging it is going to be for bulls to regain the upper hand in the narrative surrounding the economy. Inflation remains Enemy #1 and it’s going to take something extraordinary for risk appetite to return when CPI is running…