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Why There’s No Outcry

Why There’s No Outcry | Coffee Party News | Scoop.it
Coffee Party USA's insight:

by Robert Reich

People ask me all the time why we don’t have a revolution in America, or at least a major wave of reform similar to that of the Progressive Era or the New Deal or the Great Society.

Middle incomes are sinking, the ranks of the poor are swelling, almost all the economic gains are going to the top, and big money is corrupting our democracy. So why isn’t there more of a ruckus?

The answer is complex, but three reasons stand out.

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Two Parties Find a Way to Agree, and Disagree, on Student Loan Rates

Two Parties Find a Way to Agree, and Disagree, on Student Loan Rates | Coffee Party News | Scoop.it

PETER BAKER and JENNIFER STEINHAUER, New York Times

IOWA CITY — As President Obama wrapped up a barnstorming tour of college campuses in swing states on Wednesday, Democrats and Republicans agreed that they wanted to avoid a steep increase in the student loan interest rate this summer. But the chief issue remained unsettled: how to pay the cost of doing so.

In a second day of campaign-style rallies, Mr. Obama pressed his attack on Republicans, depicting them as unsympathetic to college students in need. Republicans countered by accusing the president and his Democratic allies of playing politics with the issue and trying to raise taxes on small businesses to pay for the subsidized rate.

Caught in the middle were seven million college students who will see the interest rate on their federally subsidized loans double to 6.8 percent on July 1 unless Congress and the White House come together on a plan to prevent that, at a cost of $6 billion. For a typical student, the White House said the higher rate could mean as much as $1,000 in additional debt per year at a time of high unemployment among recent graduates. [MORE]



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Why a Falling Birth Rate Is a Big Problem

Why a Falling Birth Rate Is a Big Problem | Coffee Party News | Scoop.it
by RICK NEWMAN, US News

It sounds like one of those stories you can safely ignore: The U.S. birth rate has hit a record low, led by a big drop in the portion of immigrant women having babies.

This development doesn't directly affect anybody, since it's one of those long-term societal trends that occurs in small increments and doesn't change the unemployment rate, the price of gas, the direction of the stock market or any of the big economic forces that make our lives better or worse today. And since the trend is strongest among immigrants, it sounds like maybe this is something happening in a shadowy part of the economy that doesn't matter all that much.

But it does matter, and if the trend persists, it could mean lower living standards for most Americans in the future.
Coffee Party USA's insight:

America's falling birth rate, and our expanding senior citizen population as Baby Boomers retire, make an immigration wave an economic and fiscal necessity.  Full article here.

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Atlas DIY's curator insight, March 6, 2013 3:36 PM

Is immigration the solution to low birth rates in the United States?

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Derivatives - The Unregulated Global Casino for Banks

Derivatives - The Unregulated Global Casino for Banks | Coffee Party News | Scoop.it

DEMONOCRACY INFOGRAPHIC, data by ZeroHedge

A derivative is a legal bet (contract) that derives its value from another asset, such as the future or current value of oil, government bonds or anything else. Ex- A derivative buys you the option (but not obligation) to buy oil in 6 months for today's price/any agreed price, hoping that oil will cost more in future. (I'll bet you it'll cost more in 6 months). Derivative can also be used as insurance, betting that a loan will or won't default before a given date. So its a big betting system, like a Casino, but instead of betting on cards and roulette, you bet on future values and performance of practically anything that holds value. The system is not regulated what-so-ever, and you can buy a derivative on an existing derivative.

Most large banks try to prevent smaller investors from gaining access to the derivative market on the basis of there being too much risk. Deriv. market has blown a galactic bubble, just like the real estate bubble or stock market bubble (that's going on right now). Since there is literally no economist in the world that knows exactly how the derivative money flows or how the system works, while derivatives are traded in microseconds by computers, we really don't know what will trigger the crash, or when it will happen, but considering the global financial crisis this system is in for tough times, that will be catastrophic for the world financial system since the 9 largest banks shown below hold a total of $228.72 trillion in Derivatives - Approximately 3 times the entire world economy. No government in world has money for this bailout. Lets take a look at what banks have the biggest Derivative Exposures and what scandals they've been lately involved in. [MORE]

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