May 2, 2012

The Unintended Consequence of Allowing Student Loan Bankruptcies

An article by Josh Mitchell in the weekend Wall Street Journal raises the specter that Congress may reverse itself and allow privately financed student loans to be discharged in bankruptcy. Debt discharge is a common bankruptcy exit strategy for comp...

April 19, 2012

Is the Wage Gap a Red Herring?

The release yesterday by the Labor Department of data showing that the top 10% of wage earners experienced a 7% growth in their wage levels during the last 11 quarters while those in the bottom 10% experienced only a 2.5% growth in wages has generate...

April 8, 2012

Someone in California Finally Shows Some Intelligence, but then Folds

The budget crisis in California affects many aspects of life there. Students attending Santa Monica College suffer from a lack of class offerings. Consequently, some students are unable to graduate or complete certain programs.Then somebody in Califo...