There's been a lot of talk in the US media about the "Fiscal Cliff" and the "Grand Bargain" What are they?
The "fiscal cliff" is a confluence of three legal changes taking effect Jan. 1: the expiration of a payroll-tax cut, the expiration of the Bush-era tax cuts, and the advent of mandatory spending cuts known as "sequestration."Fiscal Cliff 101: 5 Basic Questions Answered. What's Happening: Fiscal Cliff Explained [more inside]
Student loan debt is now extending to K-12 private educations, fueled by parents who believe getting their children into the "right" primary school is essential to future success.
The job market is saturated and graduates are unable to get hired anywhere to get proper training. Law professors Richard Rhee and Bradley Borden have a solution: law schools should open their own law firms.
What does a post-American world look like? NPR interviews Fareed Zakaria on America's future role in world events.
How would you solve the US deficit? Interactive US national budget calculator from the NYT.
Americans are not going broke over lattes! Salon (warning: ad click-through required) interviews the author of a book who contends that American middle class overconsumption is a myth. This made me really think about how I relate to my $$$, and what I think is pushing me deeper into a hole. According to this author, kids are forcing people into bankruptcy, and it's not because we buy them gameboys and expensive clothes. The author also claims that credit card companies and mortgage lenders need to be regulated by the govt., as they are feeding off of middle class hardships. It's also making me wonder why real estate developers aren't building small homes anymore, at least in my state of the union.