Sunday, July 2, 2017
There's no business like the loan shark business: Federal student loan rates jump 18.4% effective July 1
The 10-year Treasury pays barely 2.3% but the Feds will now gouge students over 93% more than that.
From the story here:
For new loans disbursed from July 1, 2017, to June 30, 2018, undergraduates will pay 4.45 percent. That's an increase from this year's rate of 3.76 percent. ... [Graduate students] will pay 6 percent for a direct unsubsidized loan — which begins accruing interest as soon as the borrower takes out the loan — an increase from 5.31 percent this year. Finally, rates on direct PLUS loans, which both graduate students and parents of undergrads can use, will rise to 7 percent from the current 6.31 percent. ... Last year, the average college graduate owed $37,172, up 6 percent from 2015, according to data from Student Loan Hero. ... Total student debt in the United States is now over $1.4 trillion — the majority of which is from federal loans.
Reuters gets it exactly backwards on $1.42 billion Taiwan arms deal: It pressures China to help on North Korea
Trump is playing chess with China, which has been provoking the free world by building illegal islands in the South China Sea and militarizing them. Arguably Trump needs to move even more pieces in their direction on the board.
Here:
China's anger over the U.S. plan to supply Taiwan with weapons risks undermining Trump's attempts to press China to help on North Korea. ... The sales, which require congressional approval, would be the first since a $1.83 billion sale that former President Barack Obama announced in December 2015, also to China's dismay.
Reuters should stick to reporting the news instead of opining about it.
Saturday, July 1, 2017
Friday, June 30, 2017
CNBC's Jake Novak says Trump finally came to his senses with Obamacare "clean" repeal tweet
Here:
[I]n a tweet Friday morning, President Trump strongly suggested the Republicans just repeal Obamacare and worry about the replacement later. Thank you for finally coming to your senses, Mr. President!
Dan Bongino for Sean Hannity brings on Mark Meadows to talk about Obamacare repeal, and do they discuss Trump's clean repeal tweet?
No. Zip, zero, nada, bupkis.
Unbelievable.
Worthless.
This is talk radio malpractice.
This is talk radio malpractice.
Not to be outdone by P. J. O'Rourke, libertarian Mark Perry also genuflects toward the hypocritical French today
Namely toward Frederic Bastiat, here, who wrote against "legal plunder", never once mentioning that the estate off of which Bastiat derived his living had been stolen from the aristocracy during the French Revolution.
Mark Perry is not just a one-off, either. Bastiat is a hero to libertarians generally. For example, to Rep. Justin Amash, who not coincidentally owes his fortune to the family business in tools, which are manufactured in China, not the united States.
Protestations against legal plunder, my foot.
And Mark Belling also wastes our time defending Trump in L'Affaire Joe Mangina
Filling in for Rush Limbaugh today.
Trump hands off the rhetorical baton on repeal of Obamacare, and so far today 3 talk radio hosts have dropped it.
Trump moves far right on Obamacare, morning talk radio gives us crickets
Both Laura Ingraham and Chris Plante had more important things to talk about today than President Donald Trump expressing willingness to forego Obamacare replacement for simple repeal.
Idiots.
P. J. O'Rourke discovers the limits of individualism, gets wet for (French) state capitalism
Arianespace.
Here.
When regular capitalism won't do, there's always the comparatively smaller French state capitalism:
"An individual could not build a rocket like these, no matter what his wealth or how much time he was allotted."
Hey, P. J., would it be too much to ask you at least to admire our own?
Yes, it would be from a frog-licker.
Here.
When regular capitalism won't do, there's always the comparatively smaller French state capitalism:
"An individual could not build a rocket like these, no matter what his wealth or how much time he was allotted."
Hey, P. J., would it be too much to ask you at least to admire our own?
Yes, it would be from a frog-licker.
Justin "Might as well be a Democrat" Amash also voted against "No Sanctuary for Criminals Act"
Amash and six other Republicans (Curbelo of FL, Diaz-Balart, Donovan, King of NY, Reichert, Ros Lehtinen) went down to defeat with 188 Democrats.
HR 3003.
Here.
Republicans Chaffetz, Gosar, Long, Mark Meadows, Nunes, Scalise, Smith (NJ) and Stivers did not vote.
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