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Filed under: Student Loans , College , Education , Economy , Financial Education J. Scott Applewhite/AP Sen. Al Franken, D-Minn. By Sen. Al Franken Last year, at the University of Minnesota in Minneapolis, I met Joelle Stangler, a sophomore who was the incoming student body president. Joelle had graduated from Rogers High School in Minnesota as the valedictorian, with a 4.12 GPA. Joelle doesn't...
When I first came to Washington back in the 1980s, there was near-universal support and enthusiasm for a balanced budget amendment among advocates of limited government. The support is still there, I’m guessing, but the enthusiasm is not nearly as intense. There are three reasons for this drop. Political reality - There is zero chance that a balanced budget amendment would get the necessary...
Two months ago we first explained why Chinese QE may be inevitable. The Cliff’s Notes version goes like this: Beijing needs to prop up its export-driven economy by devaluing the dollar-linked yuan but that’s a risky move primarily because the country has seen $300 billion in capital outflows over the past four quarters and also because China doesn’t want to be seen as a currency manipulator ahead...
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