Taking into account all debts, the US is said to be in the hole to the amount of $16.9 trillion. University of California, San Diego economics professor James Hamilton has laid other claims as of late, though, going on record recently to estimate the real debt owed by the US is closer to a staggering $70 trillion.
In March, Chipotle Mexican Grill, Inc. jumped into the debate over genetically engineered foods, becoming the first U.S. company to post labels on its website to let customers know which of its menu items contained GMO ingredients.
Although President Obama has been Mr. Bernanke’s partner in an effort to steer the economy through a financial crisis, deep recession and recovery, so was the man who put Mr. Bernanke in the job in the first place: Mr. Bush.
“Ben Bernanke, along with George Bush and Barack Obama, saved us from another Great Depression,” said Senator Charles E. Schumer, Democrat of New York, echoing the views of others in his party. “Twenty years from now, that’s what history will say about all three of them.”
Last spring I learned about poverty in a way that neither extreme really cares about.
My wife and I drove from Louisville, Kentucky to Asheville, North Carolina, traveling down what William Least Heat-Moon calls “blue highways.” We told our GPS to ignore major roads and she (we call the disembodied directioneer “Becky”) took us from small town to small town through rural Kentucky and Tennessee.
Mark Sanfordis heading back to Washington after detours along the Appalachian Trail and Argentina.
The former South Carolina governor finished his second term in office three years ago with his political career dead in the water thanks to a well-publicized extra-marital affair and ethics violations. But he came away Tuesday with a victory over Democratic opponent Elizabeth Colbert Busch in the special election for a vacant House seat in the Palmetto State's 1st Congressional District -- the same seat he once held.
Here's what we've learned, or better yet, re-learned, from Sanford's victory
1. Voters give politicians second chances
From the start of his bid for Congress, Sanford was vey open on the campaign trail about the affair and made it the subject of his first TV ad. Sanford asked for, and received, political redemption from the voters.... read the full list HERE
"One of the greatest facets of reddit are the thriving subreddits, niche communities of people who share a passion for a specific topic. One of the Sifter’s personal favourites is r/ColorizedHistory. The major contributors are a mix of professional and amateur colorizers that bring historic photos to life through color."
This survey by the Public Religion Research Institute and Governance Studies at Brookings examines Americans' views on capitalism, government, economic policy, and financial well-being.
It found that Americans are concerned about the lack of jobs (26% cited this as the most important economic issue), the budget deficit (17%), and the rising cost of health care (18%) and education (9%). Overall, they are pessimistic about what the future holds. A majority (54%) believes that hard work and determination are no guarantee of success and, perhaps more alarming, a majority (52%) also believes their generation is better off financially than the next generation will be. MORE
The movement to significantly rein in surveillance by the National Security Agency began on the political fringes but has built up support from Republican and Democratic leaders.
...Then Mr. Sensenbrenner, a Republican veteran and one of the primary authors of the post-Sept. 11 Patriot Act, stepped to a microphone on the House floor. Never, he said, did he intend to allow the wholesale vacuuming up of domestic phone records, nor did his legislation envision that data dragnets would go beyond specific targets of terrorism investigations. “The time has come to stop it, and the way we stop it is to approve this amendment,” Mr. Sensenbrenner said.
Depending on whom you ask, Rep. Trent Franks, R-Ariz., represents either the best or the worst of the Republican Party.
He's everything that's wrong with the GOP - a living, breathing impediment to the rebranding effort Republicans are undergoing in in the wake of the 2012 election.
That, or he's a profile in courage, and exactly the kind of passionately conservative lawmaker the GOP needs to stir up enthusiasm among a base that has become deeply skeptical of the party's leadership.... MORE
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When Anum Hussain heard about the Boston Marathon bombing, she immediately panicked, worried that the culprits would be like her. The 22-year-old Muslim was in the offices of Hubspot, the Cambridge marketing-software company she works for. As her coworkers frantically rushed to call loved ones who'd been out watching the marathon that day, she was glued to the TV, fearing what she might learn about potential suspects. “My heart was beating fast, just praying that this person didn't turn out to be Muslim,” she recalled. “I knew that if they were, all hell was going to break loose.”
Her concern was warranted. That same afternoon, on the Boston subway, a second-year Muslim student at Northeastern University who wears a headscarf phoned her parents to report her safety; as she spoke to them in Arabic, a stranger pushed her so hard she fell to the ground. Later, one of Anum’s male acquaintances, someone with brown skin, was riding the MBTA when he realized that he was weirdly alone—all the other passengers on his car had moved away from him, as if he was a threat. Two mornings later in Malden, a town of about 60,000 that’s five miles away from Cambridge, a 26-year-old Syrian woman in a headscarf was walking down a main street, pushing her nine-month-old daughter in a stroller, when an angry man punched her in the shoulder, cursed "Fuck you Muslims," and screamed, “You are terrorists, you are the ones who made the Boston explosion."
These incidents happened before two Muslim suspects had been identified... MORE