jstigman

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What would the Fed do if the US defaulted on its debt?

Today the US Federal Reserve released the minutes of its October rate-setting meeting, and they shed light on a worrisome subject: What would the central bank do if Congress, in all its wisdom, forced the Treasury to miss a payment on the national debt?<p>This isn’t just a historical curiosity. The US …

Economics

The Affordable Care Act: What Parents of Kids With Autism Need to Know

<i>By Cecily Ruttenberg</i><p>Shopping for health insurance holds little of the same appeal as say, shopping for new shoes. But for parents of children with autism, the payoff could mean obtaining therapies that help their children make eye contact, communicate and dramatically improve their lives.<p>Despite …

How the U.S. Health-Care System Stacks Up Against the Rest of the World (Infographic)

Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>No matter what your stance on the Affordable Care Act and its implications for your business, it is valuable to understand how health care in the U.S. compares to the rest of the world.<br>To help clarify the differences, the School of Public …

The US healthcare paradox: we like the Affordable Care Act but fear Obamacare

No wonder Republicans can campaign against the ACA when a plurality of Americans still believes it includes 'death panels'<p>President Obama's healthcare law is hated and loved by some so much that they are willing to shut down the government over it. I'm not sure I've ever seen so much passion over …

Jimmy Kimmel Prank: Obamacare vs. Affordable Care Act

What's in a name? Apparently quite a bit, especially when it comes to politics.<p>Jimmy Kimmel, the Internet's favorite prankster, proves this by …

Smith: College athletes should not be paid

· Sep 18, 2013 Share Tweet<p>When Johnny Manziel was suspended for the first-half of Texas A&M’s week one matchup with Rice University because some of …

Paying College Athletes ‘Wouldn’t Work’

From the Johnny Manziel controversy to schools switching conferences, plenty of attention and scrutiny faces college football ahead of Thursday’s opening kickoff.

Why Is One-Sixth of U.S. on Food Stamps?

Food-stamp use grew 2.3% in June from a year earlier, with nearly one-sixth of the U.S. population receiving benefits.<p>Illinois showed the largest enrollment increase from last year with a 14.7% gain, according to Agriculture Department data released Friday. Wyoming was in second place, with rolls …

Are the Rich Getting Too Much of the Economic Pie? - The Atlantic

Inequality explained in pie charts (made of actual pie)

The Average American Worker Has Made No Progress In The Past Decade

The mass layoffs and sky-high unemployment levels of the Great Recession have mostly receded. What's left is a bigger issue: the fact that wages basically haven't moved in a decade for the majority of American workers.<p>A new report from the Economic Policy Institute, highlighted by economist Jared …

For Restaurant Workers, A Struggle To Put Food On The Table

Losia Nyankale, 29, didn't <i>mean</i> to make a career in the restaurant business. But after Nyankale was in college for two years, her mom lost her job as a schoolteacher and could no longer pay tuition. Then, Nyankale's temp jobs in bookkeeping dried up in the recession. So she went back to her standby …

4 In 5 US Adults Face Near-Poverty, No Work For At Least Parts Of Their Lives

WASHINGTON (AP) — Four out of 5 U.S. adults struggle with joblessness, near poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.<p>Survey data exclusive to The Associated Press points to an increasingly globalized …

Feds push for strong for-profit college rule

If the Obama administration gets its way, for-profit colleges will soon face tighter, tougher regulations based on how much debt their graduates carry.<p>The Education Department proposed a new regulation Friday as a starting point for negotiations to rewrite a 2011 version thrown out in court last …

The student debt bubble isn’t bursting

While banks pull out of student loan business, the government is still making bank on student debtors<p>News that Wall Street giant JPMorgan Chase will cease to make student loans next month, whispers about the much-anticipated burst of the vast student loan bubble are growing louder.<p>And while …

Get Ready For Food Prices To Go Way Up, Thanks To Climate Change

Climate change will likely push food prices up 20 to 40 percent, regardless of cuts to future carbon emissions, new research in the journal <i>Climatic</i> …

How Too Much Parking Strangled the Motor City

Walmart workers protest over minimum wage in 15 US cities

Walmart workers and their supporters are planning to launch protests in stores in 15 cities across the US on Thursday, as part of a small but vociferous movement to raise wages and improve conditions for some of the nation's lowest paid workers.<p>The action follows strikes last week by fast food …