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Finance

You might have to think outside the box as work is scarce

Young people might have to think outside the box as work is scarce. Maximizing job oppurintuies in a sluggish economy may see many graduates becoming their own boss. 

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College Grads are Drowning in Student Loan Debt

This month, as 1.8 million newly-minted bachelor’s degrees are handed out, most graduates will be coming off the stage with much more than a fancy piece of paper. Seventy percent will take an average of $27,000 in student loan debt with them as they try to build their careers after college.

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3 Reasons Democrats Should Find Someone Other Than Hillary

Clinton should not be the Democrat nominee for president for at least three reasons. She fails to articulate an improvement on President Obama’s domestic- and foreign-policy agenda. She did a poor job as a public servant, including as secretary of state. Her Clinton Foundation is facing ethical questions more serious than those that resulted in the conviction of former Virginia Gov. Bob McDonnell.

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Government Can't Spend Money to Save Money

Whenever I hear that nonsensical view that secular stagnation is a story about inadequate aggregate demand, I'm reminded of an economist friend, who puts an immediate end to any discussion of such a concept with his stock response. "Insufficient demand?" What, everybody has everything he or she wants?" I rest my case.

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Trade Agreement Will Accomplish Nothing if Ports Aren’t Open

Currently, employment at ports is governed by the National Labor Relations Act, while employment at airlines and railroads is overseen by the Railway Labor Act. Labor disruptions at the ports are allowed under the NLRA, but not under the RLA without government permission after a long period of mediation. It’s time to give ports the same protections as railroads and airlines.

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Problems With Piketty

In every era, government itself has been and remains the primary source (crime being the other) of unjust negative-sum actions, yet Piketty wants to vastly increase the power of government to control the distribution of wealth. This is Capital’s message. I do not buy it. 

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New Purple Line Study Fails Economics 101

The new Purple Line study has no economically reliable content. It uses the wrong economic concepts of measuring the value of a public project.  It uses survey rather than actual data.  Its survey technique is not representative of Maryland’s population.  The conclusions it reaches defy economic logic.  The state of Maryland and the federal government cannot reasonable rely on this study for any purpose.

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Technology Brings Behavioral Solutions to Americans' Financia

Americans are not saving enough. This is problematic because there are limited options for people who run into short-term financial problems, and government-funded retirement programs are on an unsustainable path. While there may seem to be no hope to better prepare Americans for their future financial needs, the findings of behavioral economists hint at one way out of America's savings crisis.

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401kcalculator.org

The March employment report brought to a close a disappointing quarter for the U.S. economy.  With only 126,000 new jobs created last month, gains since January totaled 591,000.  That’s a decent number, but down noticeably from the increase of 973,000 during the final three months of 2014.  

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No, Low Long-Term Rates Won't Counter Fed Actions

Alan Greenspan called it a conundrum: the refusal of long-term interest rates to ratchet higher as the Federal Reserve raised the overnight benchmark rate from 1 percent in June 2004 to 5.25 percent June 2006. Ben Bernanke, Greenspan's successor as Fed chief, identified the cause: a global savings glut.

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