The city of Los Angeles passed a $7 billion bond measure to refurbish public schools on Election Day. “Measure Q,” the fifth education-related bond measure since 1997, will go towards renovating buildings and creating new preschools and adult education centers.
Figures on LA’s total per pupil
CEOs, some declare, make too much money. The basic premise of this claim is that the ‘excessive’ pay is undeserved–-that executives take home runaway paychecks regardless of performance. Others say that no matter how well a CEO performs, no one is worth millions of dollars.
In a knee-jerk reaction to panic and fear over the current financial crisis, the government issued a $700 billion dollar bailout bill last week. Rather than considering the cause of the "toxic loans" at the heart of this crisis, Congress decided that it had to
In response to the economic crisis now spilling over into the European markets, French President Nicolas Sarkozy called for an end to laissez-faire and an increase of government control over the financial markets.
"Laissez-faire is finished, the all-powerful market that is always right, that's finished," Sarkozy
Did you know that the price of text messaging has increased by an astonishing 100 percent over the last three years? The four major telecommunication companies, Verizon Wireless, AT&T, Sprint and T-Mobile, have all doubled their prices for text messages not included in a calling
Over at the Huffington Post, former Goldman Sachs partner Greg Zehner writes that Ayn Rand foresaw the economic crisis the United States now faces, as well as the disastrous consequences the various proposed bailouts will have.
"Ayn Rand warned us this would happen. In the classic,
In the latest of a series of new government interventions into the economy, President Bush announced a new plan to bail the financial industry out of hundreds of billions of dollars of bad assets. This follows an $85 billion bailout and effective takeover of the
In July, rioters laid siege to several Pakistani stock exchanges to protest declining prices in the stock market. At the Karachi Stock Exchange, a mob of small investors destroyed equipment and files, smashed windows, and burned tires in a rage over falling prices.
In a similarly-themed
Today's economy faces a long list of problems. We hear daily about high gas prices and inflation, of a battered stock market, of a growing number of people unable to afford their mortgages, even of banks failing and huge companies facing bankruptcy. What explains this
In the early 1960s, President Kennedy challenged America to make what would be a giant leap for mankind by putting a man on the moon within the decade. Offering his own version of this challenge in a recent speech, former Vice President Al Gore called