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A new report from the New York Fed suggests that even while the rest of household debt improved since March, driven by decreasing credit card and housing debt, student loans have worsened.
Barnett Shale drilling in North Central Texas. www.edf.orgI’m not sure what’s worse: the toxic influence of money in politics and policy or blatant full-out hypocrisy. New York City mayor Michael Bloomberg has given us both. On the one hand, the Mayor very clearly came out against fracking in the Marcellus Shale stating:
“They believe in teacher’s unions. We believe in teachers,” Governor Chris Christie declared to rapturous applause during his keynote address to the 2012 Republican National Convention. What he neglected to mention is that those all powerful unions have been in decline for years, now buried beneath the clout of idiosyncratic individuals and corporations. Throughout his speech Christie touted his boldness in taking on the status quo, highlighting unions as the third rail of modern politics. He framed his speech as speaking truth to power, but missed the target altogether.
Recall your last voting experience: chances are you were packed into a school cafeteria, shuttled along to a table where someone checked your name off a long list of registered voters, and you cast your ballot before rushing to work.