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Education and the Class System

America has so many social problems it’s hard to know where to begin. The Katrina disaster showed us the third world nature of our attitude toward poverty. And now there’s this news about education:Financial Aid and the Poor All the evidence points to the fact that America is developing a class system based around education: […]

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Economic Stagnation

I hate it when the headline writers try to be upbeat when the whole gist of the subsequent story is downbeat. The New York Times falls into that trap with today’s story about personal incomes: Census Reports Slight Increase in 2005 Incomes – New York Times Now if you look quickly at the headline you’d […]

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Fed Slowing Economy

Watch out everyone. The chances of recession have risen recently. Here’s the New York Times on the Fed minutes in which a slowdown was discussed: Fed Minutes Show Fears of Slowing Economy The odds of a recession next year sometime have increased. The biggest source of danger is the over-extension of bad mortgage loans by banks […]

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