Bloomberg News reports, ‘Inflation Fever’ Is Finally Breaking — But Central Banks Won’t Stop Hiking Rates: Global inflation is finally coming off the boil, even if it’s set to remain far too hot for the liking of the world’s central bankers. As [global] economic growth slows, prices for key raw materials — from oil to … Read more
Republican Senators in Congress, most of whom come from well-to-do families and went to Ivy League Schools like Harvard and Yale (probably “legacy” admissions), are whining about the unfairness of it all that President Biden is forgiving student loan debt for lower income students. I guess it all depends on who is getting bailed out. … Read more
Today, the Biden/Harris Administration announced that it was instituting a loan forgiveness program for college students that have up to $10,000 in student loan debt with no Pell Grants and $20,000 with them. Citing the tripling of college costs over the last 30 years has tripled (in Arizona, it has risen more drastically)and the fact … Read more
Update to U.S. Education Dept. ‘Fresh Start’ Initiative To Lift 7.5 Million Student Loan Borrowers Out Of Default. Fulfilling a campaign promise, Biden is erasing $10,000 in federal student loan debt for those with incomes below $125,000 a year, or households that earn less than $250,000. He’s going further, canceling an additional $10,000 for those … Read more
Recently, Arizona columnist Robert Robb, well known for his conservative economic views, wrote a post on his Substack defending Senator Kirsten Sinema’s resistance to Democratic priorities for changes to the tax code in the Inflation Reduction Act – specifically increases on certain top corporate and personal rates, and eliminating the grotesque ‘carried interest’ exception for … Read more