Posted inMoney, Politics, and Power

Extreme Student Debt Indentures Young Doctors and Lawyers to the Highest Bidder

An important component to the student debt crisis involves law and medical school enrollees. Students preparing to enter these professions represent an overwhelming majority of students or recent grads looking at six figures worth of loans, according to a study by Finaid.orgs’s Mark Kantrowitz. Medical school grads have, on average, a staggering $162,000 in debt. […]

Posted inMoney, Politics, and Power

Tax Reform Won’t Spark Economic Growth

One of the few thin­gs that President Obama and Mitt Romney are likely to agree on when they debate next week is the need for tax reform. Both candidates have backed streamlining America’s crazy-quilt tax code, and both have said that reforms could boost economic growth. Meanwhile, two key congressional committees held a rare bipartisan […]

Posted inMoney, Politics, and Power

Time for a Speed Limit on Wall Street: Slowing Down High Frequency Trading

It appears that the German Bundestag is ready to impose meaningful limits on high-frequency trading, or “HFT.” This is a very big deal. High-freqeuncy trading is an extraordinarily dangerous practice that has fundamentally changed capital markets in the U.S. and around the world, and not for the better. The U.S. regulators seem to have recognized […]

Posted inMoney, Politics, and Power

Income, Not Race, May Affect Admissions to NYC’s Elite High Schools

The NAACP Legal Defense Fund filed a federal civil rights complaint this week claiming that New York City’s admissions process for eight specialized high schools* is biased. According to NAACP’s Rachel Kleinman: There is a single two-and-a-half hour multiple choice test that is the sole criterion for admissions…African-American and Latino students who are qualified to […]

Posted inMoney, Politics, and Power

Income, Not Race, May Affect Admissions to NYC’s Elite High Schools

The NAACP Legal Defense Fund filed a federal civil rights complaint this week claiming that New York City’s admissions process for eight specialized high schools* is biased. According to NAACP’s Rachel Kleinman: There is a single two-and-a-half hour multiple choice test that is the sole criterion for admissions…African-American and Latino students who are qualified to […]

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