The New York Fed’s most recent household debt report showed ballooning debt and delinquency in student and auto loans. Total household debt has just about reached its previous late-2008 high of over $12.5 trillion.
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Economist and University of Chicago professor Milton Friedman (1912 – 2006) spent more than 30 years teaching, and won the Nobel Prize in 1976 for his contributions in the field of economics. He was also one of the first intellectuals to see cracks forming in 20th-century collectivism. In his 1951 essay “Neo-Liberalism and its Prospects,”
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In recent years, a growing number of colleges have been rolling out accelerated 3-year degree plans. New York University is one of the latest and most prestigious to do so. According to Inside Higher Ed, the move comes in an effort to trim costs and make college more affordable for students: “New York University unveiled
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About ten years ago Dove released a short film with the slogan “talk to your daughter before the beauty industry does”. It warned of the detrimental effects of unrealistic body image expectations communicated to young girls through advertisements. Reading this article in The Atlantic, I couldn’t help but agree that in recent times advertisers have even
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In 1960, Daniel Bell’s book The End of Ideology was published. In it, he declared what “sensible” people like himself already knew: Ideological commitments are mere barriers to social progress. Incremental improvements in technology, entrepreneurship and new methods of governance, not endless debates between capitalists and socialists, liberals and conservatives, fascists and communists, would mark
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I arrived in the office this morning to hear that another outpouring of outrage had occurred over the weekend. This time, however, the outrage was not happening on a college campus, as seems to be so often the case, but in a United Airlines terminal. The New York Times explains: “United Airlines barred two teenage
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