Back in the mid 20th century, colleges and universities helped America beat down economic inequality. Now they reinforce it. The American Dream isn’t quite unfolding the way Richard Silva expected. The 20-year-old Silva is currently studying at Cerritos College, a two-year school south of Los Angeles. He graduated from high school in 2009 and anticipated, [...]
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Investing recklessness at Harvard is making ‘the best and the brightest’ look awfully silly — almost as silly as a nation that lets staggering quantities of wealth continue to concentrate. Wild chases after vast riches, last fall’s global meltdown reminded the world, can destroy economies — and corrupt entire societies. Great universities, in theory at [...]
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With all the fuss over Wall Street bailouts and AIG bonuses, one banking breakthrough is going unnoticed. Obama’s proposed budget completely eliminates an unnecessary, obsolete bank subsidy: College student loans – where the subsidy goes to the bank, not the student. It’s a stick in the eye of the banking industry, and the banks aren’t [...]
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