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Markets have not distinguished themselves in anticipating European economic crises. In late 2009, on the eve of the Greek sovereign debt crisis, Greek government bonds traded with a yield that was barely above that of German government bonds. A year later, the Greek sovereign debt crisis shook U.S. and world financial markets and Greece eventually…
Republican presidential candidate Nikki Haley railed against the lack of Ukraine aid in Congress’s “clean” stopgap measure brought to the House floor a day earlier and called for spending cuts in other areas. “The reality is Republicans and Democrats, all of them, have been spending taxpayer dollars in a ridiculous way,” Haley said Sunday on…
The Islamic Republic of Iran’s nuclear provocations continue to mount. The clerical regime on Sept. 16 barred one-third of all International Atomic Energy Agency inspectors from the country’s nuclear facilities. The organization’s director general, Rafael Grossi, said in a statement that Tehran’s move is “disproportionate and unprecedented” and “affects in a direct and severe way the ability of the…
Student loan payments return on Oct. 1 with hope, confusion and fear clouding the restart after a three-year pause. The Biden administration is hoping to provide some relief to borrowers with a new income-driven repayment plan and an “on-ramp” repayment program, but the on-switch also comes as Congress is struggling to keep the government funded. …
Speaker Kevin McCarthy (R-Calif.) and Rep. Matt Gaetz (R-Fla.) got into a testy exchange behind closed doors Thursday, after Gaetz accused McCarthy of being behind a social media campaign targeting the Florida Republican — which the Speaker denied. The back-and-forth at the House GOP’s conference meeting took place amid heightened tensions between the men, with Gaetz openly threatening to…
High school seniors are preparing for the first round of college applications since the Supreme Court decision nixing universities’ use of affirmative action in the process. In the new landscape, school counselors and advocates are urging students to find ways to take advantage of their essays to talk about their “lived experiences” after the high…
Tomorrow, the Federal Housing Finance Agency will release its much-anticipated report on the Federal Home Loan Banks (FHLBanks). The review of the FHLBanks was commenced over a year ago due to the agency’s concern about the mission, operations and efficiency of the 11 FHLBanks. Nineteen field hearings, two rounds of written comments and dozens of listening sessions…
This weekend, amid the Jewish high holidays, the Palestine Writes Literature Festival is being hosted at the prestigious University of Pennsylvania. While this gathering was ostensibly formed to uplift Palestinian creatives and artists, it has faced backlash for its suspect speaker lineup of known antisemites. Most notably, British musician and Pink Floyd co-founder Roger Waters is set…
The United States may soon see more higher education institutions shut their doors as college enrollment has declined in recent years, according to a new analysis. A new report from Fitch Ratings stated that “further closures, mergers and significantly reduced operations are inevitable” for a handful of colleges due to low enrollment numbers and high tuitions. Fitch…
The Biden administration announced Wednesday it is canceling $37 million in student loan debt for students of the online University of Phoenix. The money will cancel the debt for 1,200 former students who the administration said were tricked into believing the for-profit school had connections with Fortune 500 companies. The borrowers who received forgiveness had…