Archive for: debt

The Gift of Capital: The Rise of Eastern Investment or the Fall of an Economic Order

The Gift of Capital: The Rise of Eastern Investment or the Fall of an Economic Order

BY ARI MOSES While Western banking institutions have traditionally dominated global commerce, Middle and Far Eastern nations are catching up as they develop stable economies with international presence. The rapid economic growth of BRIC (Brazil, Russia, India, China) nations, especially China, has recently enabled emerging powers to support struggling nations […]

 
 

Beyond the Numbers: The Challenges of Low Income Students at Wealthy Schools

Beyond the Numbers: The Challenges of Low Income Students at Wealthy Schools

BY VICTORIA SGARRO Negative $27. For the first time in his life, Daniel* came face to face with a bank statement of less than zero. He stared fiercely at the computer screen glowing in his lap, as if he could will the tiny black minus sign to disappear. Although money […]

 
 

Enough with Austerity

Enough with Austerity

In the UK, the country I’ve called home for the past few months, we’ve now officially entered an unexpected double-dip recession. Like Obama, Prime Minister David Cameron inherited a huge debt. However, the British pound is much more vulnerable than the dollar, and the Tories decided to institute swift austerity […]

 
 

Embattled Eurozone

Embattled Eurozone

Simmering With Greece “Pass this Bill,” urged President Barack Obama, warning that the alternative to his jobs plan was a crisis that would resemble Europe’s. In Sarah Palin’s letter to her Political Action Committee, she stressed the need for a leader to show the US the way, lest it follows […]

 
 

How I Learned to Stop Worrying and Love the Debt

How I Learned to Stop Worrying and Love the Debt

On August 5, 2011, the credit rating agency Standard and Poor’s downgraded the status of the United States’ long-term credit rating from AAA to AA+. Riots immediately broke out nationwide, Texas seceded from the Union, and California broke off and sank into the sea. A little background might be in […]

 
 

Apple Pie, Football…Debt?: A Debate with the WUPR Editor-in-Chief

Well that's...comforting.

With the congressional deadline approaching to decrease the deficit by more than a trillion dollars, some still question if this imposed decrease is necessary. The deficit could be sustainable and may not even harm future generations. Yet, there are many reasons why this decrease is necessary, and why cutting government […]

 
 

Unemployment and Student Debt: Is College Worth its Cost?

Unemployment and Student Debt: Is College Worth its Cost?

It has always been true that a college education takes years, even decades, to pay for itself. But in today’s economic climate, those who pursue higher education are at a financial disadvantage for longer periods of times.