Following President-Elect Trump’s inauguration in January, NYPost reports that future First Lady Melania Trump and their 10-year-old son Barron will not be moving to the White House. “The campaign has been difficult for Barron, and she is really hoping to keep disruption to a minimum,” according to Trump’s transition team and while she “is fully on board of doing everything that’s needed as first lady,” they will remain in the so-called “White House of New York.”
The president-elect’s 46-year-old wife and their 10-year-old son are staying put at the family’s glitzy Trump Tower penthouse so that Barron can continue attending his Upper West Side private school, sources told The Post.
Routine use of small drones by real estate agents, farmers, filmmakers and countless other commercial operators was cleared for takeoff by the Obama administration Tuesday, after years of struggling to write rules that would both protect public safety and free the benefits of a new technology.
The Federal Aviation Administration announced the creation of a new category of aviation rules designed specifically for drones weighing less than 55 pounds. The long-anticipated rules mean commercial operators can fly drones without special permission.
The White House cannot name one single shooting incident that would have been prevented by gun control legislation.
As President Obama prepares executive action to pass further gun control legislation, one errant reporter asked the White House press secretary exactly how such proposals would have prevented any recent mass shootings.
Josh Earnest couldn’t directly answer the question and floundered around repeating the same talking points over and over again.
Reporter Byron Tau referred to a statement made by Sen. Marco Rubio that no mass shootings in recent memory would have been prevented by gun legislation, which even the Washington Post fact-checked as true. Continue reading »
“Do no evil…” that is part from the racist stuff, would appear to be Google’s new meme as The Guardian reports the somewhat unbelievable fact that searches which include the racist slur “nigger” were shown to find the White House in Google Maps. “Some inappropriate results are surfacing in Google Maps that should not be, and we apologise for any offence this may have caused. Our teams are working to fix this issue quickly,” a Google spokesperson said, claiming that it had been experiencing “escalated attacks to spam Google Maps over the past few months”.
As The Guardian details, searches for “nigger house”, in a global view of the world, and for “nigger king”, when focused on in the Washington DC greater area, return with the home of the US president Barack Obama as either the primary search result or one of three.
The utility firm Pepco is currently investigating a Washington-wide black-out that has plunged The White House, State Department, The US Capitol, D.C. Metro, and even Oprah’s TV Stage into darkness…Ironically, the outage occurred minutes after Rand Paul commented that “the time has come to take away the power from Washington D.C…”
A spokesperson for Pepco, the Washington, D.C.-area provider electricity utility, told Reuters that it experienced scattered outages Tuesday but that they had happened for “unknown reasons.”Continue reading »
Statement by the President on the Death of King Abdullah bin Abdulaziz
It is with deep respect that I express my personal condolences and the sympathies of the American people to the family of King Abdullah bin Abdulaziz and to the people of Saudi Arabia.
King Abdullah’s life spanned from before the birth of modern Saudi Arabia through its emergence as a critical force within the global economy and a leader among Arab and Islamic nations. He took bold steps in advancing the Arab Peace Initiative, an endeavor that will outlive him as an enduring contribution to the search for peace in the region. At home, King Abdullah’s vision was dedicated to the education of his people and to greater engagement with the world.
As our countries worked together to confront many challenges, I always valued King Abdullah’s perspective and appreciated our genuine and warm friendship. As a leader, he was always candid and had the courage of his convictions. One of those convictions was his steadfast and passionate belief in the importance of the U.S.-Saudi relationship as a force for stability and security in the Middle East and beyond. The closeness and strength of the partnership between our two countries is part of King Abdullah’s legacy.
“Facts mean nothing to Dr. Holdren and even less to the President.” – Alan Caruba
White House Climate Lunacy
By Alan Caruba
As January 2014 arrived with a blast of cold air ominously dubbed the “polar vortex”, the White House released a video in which the Chief Science Advisor to President Obama, Dr. John Holdren, managed to get on both sides of it, declaring the “extreme cold” to be “a pattern that we expect to see with increasing frequency as global warming continues.” How the Earth is getting both colder and warmer at the same time defies reality, but that is of little concern to Dr. Holdren and, indeed, the entire global warming—now called climate change–hoax.
Earlier, in November 2013, the White House made Dr. Holdren available to social media saying he would answer “any questions that you have about climate change…” As noted by Jim Lakely, Communications Director of The Heartland Institute, the invitation welcomed questions “but only if they conform to the notion that human activity is causing a climate crisis, and restricting human activity by government direction can ‘fight it.’” The answers would have to wait “because the White House social media experts are having a hard time sifting through the wreckage of their ill-conceived campaign and finding the very few that conform to Holdren’s alarmist point of view.”
Sadly, in addition to the United Nations where the hoax originated and any number of world leaders including our President and Secretary of State, Pope Francis has announced that he too believes the Earth is warming. Someone should tell him that it has been in a natural cooling cycle going on twenty years at this point!
Of course, such facts mean nothing to Dr. Holdren and even less to the President. That is why we are likely to not only hear more about climate change from him, but also discover that the White House intends the last two years of Obama’s term in office to be an all-out effort to impose restrictions and find reasons to throw money at the hoax. Dr. Holdren was no doubt a major contributor to the White House Office of Science and Technology Policy initiative announced on December 3rd.
This “Climate Action Plan” called the “Climate Education and Literacy Initiative” is primarily directed at spreading the hoax in the nation’s classrooms and via various government entities as the National Park Service so they can preach it to the 270 million people who visit the nation’s 401 parks each year. The National Oceanic and Atmospheric Administration will sponsor five regional workshops for educators and the National Aeronautics and Space Administration, along with the American Geosciences Institute and the National Center for Science Education will launch four videos likely to be shown in schools.
Joining the White House will be the Alliance for Climate Education, the American Meteorological Society, the Earth Day Network, Green Schools Alliance, and others. It adds up to a massive climate change propaganda campaign, largely paid for with taxpayer funding.
The “science” that will be put forward will be as unremittingly bogus as we have been hearing and reading since the late 1980s when the global warming hoax was launched.
When Dr. Holdren faced a 2009 confirmation hearing, he moved away from his early doomsday views on climate change, population growth, and the possibilities of nuclear war. Though warned by William Yeatman of the Competitive Enterprise Institute that Dr. Holdren had “a 40-year record of outlandish scientific assertions, consistently wrong predictions, and dangerous public policy choices” that made him “unfit to serve as the White House Science Advisor”, the committee voted unanimously to confirm him. They should have read some of his published views.
Regrettably Congress generally goes along with the climate change hoax. Dr. Holdren noted that “Global change research (did) well in the 2013 budget. One can look at that as a reaffirmation of our commitment to addressing the climate change challenge. There’s $2.6 billion in the budget for the United States Global Change Research Program.”
Let me repeat that. $2.6 BILLION devoted to “research” on global warming or climate change. One must assume it is devoted to finding ways for mankind to cope with the non-existent global warming or the threat of a climate change about which mankind can do nothing. It is comparable to saying that humans can get the Sun to increase or decrease its radiation.
In June 2014, Ron Arnold, the executive vice president of the Center for the Defense of Free Enterprise and Washington Examiner columnist, noted that Dr. Holdren has long held the view that the U.S. should “de-develop” its “over-developed” economy.
That likely explains the Obama administration’s attack on the use of coal, particularly in utilities that use it to generate electricity. In the six years since the policy has been pursued by the EPA, coal-fired utilities have been reduced from providing fifty percent of the nation’s electricity to forty percent. Less energy means less investment in new business and industrial manufacturing, less jobs, and less safety for all of us who depend on electricity in countless ways.
Arnold reported that “Holdren wrote his de-development manifesto with Paul and Anne Ehrlich, the scaremongering authors of the Sierra Club book, ‘The Population Bomb.’” Aside from the fact that every prediction in the book has since proven to be wrong, it was clear then and now that Dr. Holdren is no fan of the human population of the planet. Like most deeply committed environmentalists, it is an article of faith that the planet’s problems are all the result of human activity, including its weather.
Dr. Holdren’s continued presence as the chief Science Advisor to the President encourages Obama to repeat all the tired claims and falsehoods of global warming and climate change. It is obscene that his administration devotes billions of dollars and countless hours to spreading a hoax that is an offense to the alleged “science” it cites.
The North and South Poles are not melting. The polar bear population is growing. The seas are not dramatically rising. Et cetera!
One can only hope that a Republican-controlled Congress will do what it can to significantly reduce the money being wasted and reverse the EPA war on coal and the utilities that use it to produce the energy the nation requires.
For now, Dr. Holdren will continue to use his influence in ways that confound and refute the known facts of climate science. How does it feel to be the enemy of an environment that Dr. Holdren and others regard as more important than human life?
The whole “North Korea hacking Sony” story had gotten so bizarre over the past week, there was nothing stopping it from jumping fully into the rabit hole. Which it did overnight when as the FT reported, North Korea warned of strikes against key sites in the US in retaliation for Washington blaming Pyongyang for the recent Sony cyber attack, saying any US punishment over the incident would lead to damage “thousands of times greater”. The NDC said its 1.2m-member army was ready to use all types of warfare against the US. “Our toughest counteraction will be boldly taken against the White House, the Pentagon, and the whole US mainland, the cesspool of terrorism, by far surpassing the ‘symmetric counteraction’ declared by Obama,” said the NDC statement, carried by official news agency KCNA.
One of the perks of being a president: having your own personal, taxpayer-funded chef. And in the case of Barack Obama, this means an instrumental player in the development of Michelle Obama’s controversial “school lunch program“, one who also happens to be “Executive Director of the First Lady’s Let’s Move! initiative, the first-ever White House Senior Policy Advisor on Nutrition, and personal chef to the First Family.” He name is, or rather his name was Sam Kass, because alongside pretty much everyone else close to Obama in recent few years, Chef Kass is done feeding the First Stomach and is also getting the hell out of Dodge the White House.
A week ago, when we reported that in a stunning move, the “Dutch Central Bank Secretly Withdrew 122 Tons Of Gold From The New York Fed“, and when looking at the NY Fed’s monthly reports of gold deposits by foreign entities, we observed that “we can see that while the 5 tons outflow in 2013 was most likely Germany, the recent surge in gold repatriation from Liberty 33 was the Netherlands. That said, only 77.5 tons of NY deposits gold has been officially repatriated through September, which means the October update, when it comes out, will be a doozy.” Yesterday, the long anticipated October update of “earmarked gold” held on deposit at the NY Fed was released, and sure enough it did not disappoint. Declining in dollar value from $8.305 billion to $8.248 billion, this was the equivalent of 42 tonnes of gold being withdrawn, in the process reducing net gold located in the vault of JPMorgan the NY Fed to 6,076 tonnes. The 42 tonnes withdrawal was also the biggest single monthly redemption from the NY Fed since 2001.
So with the 119 tonnes of gold withdrawn so far in 2014, it is now abundantly clear that the “logistical complications” excuse used by Germany to halt its own gold repatriation program was nothing but a lie to cover up what, as Deutsche Bank explained earlier this month, was an escalation of “diplomatic difficulties” between the US and Germany, one in which Germany has folded, if only for now.
Surrounded by radiation belts, Earth is being protected by an invisible shield that stops high-speed “killer electrons,” scientists have found after taking a closer look at the Van Allen belt 7,200 miles above our planet.
“Somewhat like the shields created by force fields on Star Trek that were used to repel alien weapons, we are seeing an invisible shield blocking these electrons,” the study’s lead author, Daniel Baker of the University of Colorado’s Laboratory for Atmospheric and Space Physics explained. “It’s an extremely puzzling phenomenon.”
This previously unknown phenomenon has been discovered by probes aimed at examining the so-called Van Allen belts, zones of donut-shaped rings around our planet.
Until March 2013, scientists assumed there were only two belts, filled with high-energy electrons and protons, surrounding Earth.
The Internal Revenue Service may have given thousands of confidential filings from private taxpayers to the White House to review, a lawsuit against the Treasury Department just revealed.
The suit, filed against Treasury’s inspector general by Cause of Action, a legal advocacy outfit, reveals a steady stream of communication went on between the White House and the IRS — a potentially “improper” stream, the group alleged, The Daily Caller reported.
Hacktivists aligned with the Anonymous movement have published credit card numbers and other personal information allegedly belonging to a leading Ku Klux Klan member amidst a grudge between the groups fueled by recent protests in Ferguson, Missouri.
Members of the loose-knit hacktivist collective have taken aim at the Klan in recent weeks after the KKK threatened to use lethal force against demonstrations descending on Ferguson to protest the August 9 killing of unarmed teenager Michael Brown by local police officer Darren Wilson. The feud between the groups has only escalated in the days since, though, and now Anons are circulating what they claim to be sensitive details about a powerful Klansman and his family.
Through a Twitter account formerly associated with the KKK but compromised by Anons earlier this month, hacktivists posted on Wednesday this week a trove of data purported to pertain to Frank Ancona, the self-described Imperial Wizard of the Missouri-based Traditionalist American Knights of the Ku Klux Klan.
Scores of Army National Guard and troops and police gang up to arrest protesters in street
(Video Source: DAHBOO7/YouTube)
FERGUSON, Mo. (INTELLIHUB.COM) — Youtuber DAHBOO7 managed to capture priceless video footage, on scene, as hundreds gathered on a city street, protesting the non-indictment of officer Darren Wilson, the cop who shot and killed 18-year-old Michael Brown.
“Oh crap, here they come”, DAHBOO7 said, referring to the military and police gathering in an adjacent parking lot.
“They thinks it’s a game”, yelled protesters loudly in the street.
“Who’s streets. Our streets”, they chanted. “Not the police streets”.
Then, about 4-minutes into the video, the protest suddenly takes a turn for the worst.
“Oh they’re chasing em’. Oh Shit!” DAHBOO7 says.
At this point, the military and police call out on a loud-speaker, “You are in violation of state law. […] You are subject to arrest.”, before charging peaceful protesters in two and three-man groups.
“On your knees. Let’s see your hands”, Guard members call out, detaining members of the public in a true ’1984′ fashion.
Soon dozens were arrested, tied, and carried off by both the police and Army National Guard troops.
Hundreds of people have gathered near the Scottish Parliament at Holyrood with St. Andrew’s Cross flags, music and speeches in a celebration of Scottish nationhood, amid continued demands for independence as St. Andrew’s Day celebrations got underway.
Poetry recitals, speeches and songs were on the agenda, as people wrapped themselves in flags and “Yes”-related paraphernalia. Even the blue Estelada could be seen among the crowds to show a degree of solidarity between various independence movements in Europe.
Even dinners will get more ‘romantic’ in the future …
SINGAPORE: Restaurant-goers in Singapore can expect to be served by autonomous flying robots – the world’s first commercial attempt – by the end of next year.
Infinium-Serve, the autonomous flying robotic waiters, will be first launched at one of Timbre Group’s five outlets in Singapore. Infinium Robotics CEO Woon Junyang estimated the project to cost a “low seven-figure sum” for the five outlets, subject to final negotiations and certain variables of the actual deployment of the robots.
Infinium Robotics signed a Memorandum of Understanding with Timbre Group on Oct 31. Both companies are seeking productivity-related government grants to help offset deployment costs.
A little over a year ago, we presented a “Yellow” asset, which was “the best performer of the past year.” It wasn’t gold: it was yellow cab medallions. As we wrote then, “the best returning asset class traded in the NY Metro area is yellow but doesn’t change hands on Wall Street…. over the last 12 months New York City taxi medallions have risen 49% in price, besting the relatively humdrum returns of the S&P 500 (up 21%), the NASDAQ (22%) and the Dow (18%). Medallions – essentially the right to operate a for-hail taxi in New York City – now trade for as much as $1.3 million, an all-time record.” In retrospect it was also the perfect time to cash out on the “yellow” euphoria. According to the NYT, “the average price of an individual New York City taxi medallion fell to $872,000 in October, down 17 percent from a peak reached in the spring of 2013, according to an analysis of sales data. Previous figures published by the city’s Taxi and Limousine Commission — showing flat prices — appear to have been incorrect, and the commission removed them from its website after an inquiry from The New York Times.”
Egypt’s former longtime ruler Hosni Mubarak was cleared of charges in a retrial Saturday and could soon be released — a stunning reversal for a man who faced life imprisonment or worse after a revolution toppled him in 2011.
A Cairo judge dismissed charges linking Mubarak to the deaths of hundreds of protesters during the 2011 revolt and found him not guilty of corruption.
Mubarak, who ruled Egypt as president for 29 years, was stoic as his supporters in the courtroom cheered the decision that capped a months-long retrial. The 86-year-old, reclining on a hospital gurney in a defendants’ cage, nodded while fellow defendants kissed him on the head.
Egyptian police in Cairo have used water cannon and tear gas against hundreds of demonstrators protesting against the acquittal of former president Hosni Mubarak by the local court.
According to Reuters, security officers also used birdshot to disperse the crowd.
RT’s Bel Trew reports from the Egyptian capital that live fire was allegedly applied by the police.
There are also unconfirmed reports that one person was killed in the clashes.
The police, who earlier promised to refrain from violence, released a statement saying that the use of force was justified, as members of the banned Muslim Brotherhood organization have infiltrated the ranks of the demonstrators.
Over the years, I’ve heard dozens and dozens of officers state that they will come to the people’s aid “when the time is right.” Until that unspecified time, the officers will just simply follow the orders of their betters. What exactly constitutes the right time?
Is it when departments are simply too busy to investigate thousands of rape cases?
Is it when the bodies of unarmed men, women, and children are piling up faster than we can report on all of them?
Is it when cops are arresting pastors and taking food from the mouths of the poor?
Is it when law enforcement opens fire on unarmed protesters?
Is it when it becomes common practice for officers to engage in blatantly unconstitutional activities?
Is it when officers enforce a soft form of martial law?
Is it when officers beat children in schools?
Is it when American citizens are getting locked up faster than people in Stalin’s Soviet Union?
Is it when every department in America is turned into a goon squad, even those at our children’s schools?
Health News Agency reports snow in 16 provinces, Western and Eastern Azerbaijan, Ardebil, Iran, Gilan, Lorestan, Iran, Bakhtiari, kohgiloyeh, Persian, Kurdish, Qazvin, Kermanshah, Kerman, and Zanjan, which has caused problems for people.
160 cars had been stuck in the snow, but were released by rescuers.
93/09/08 – 10:38 – I double checked the date on the Iranian calendar converter, the eight day of the ninth month (Azar) of 1393 is November, 29, 2014),” says Argiris. “Searching in Persian (Farsi) language, you find a lot of recent news articles about snowfall in Iran. But on the English language Iranian website http://www.presstv.ir/latest.html you can search for “snow”, only to find news about snowfall in the United States.”
A University of Windsor anti-cancer crusader may have discovered his most effective agent yet — a fruit that causes evil cells to commit suicide.
Dr. Siyaram Pandey, known for promising work on dandelion root extract, is thrilled with results from his initial research on long pepper fruit.
“It is very potent, which is surprising, actually,” said Pandey. “I wouldn’t be exaggerating to say it’s a little bit better than dandelion root extract.”
A compound from the long pepper fruit was first identified in the 1960s, but was then forgotten for decades until researchers at Howard University in Boston published a paper in 2011. The Bostonians screened 25,000 compounds for possible cancer-fighting properties and listed piper longum — or long pepper — at the top.
“America has no higher rate of social mobility than medieval England, Or pre-industrial Sweden,” he said. “That’s the most difficult part of talking about social mobility is because it is shattering people s dreams.”
“I, Darren Wilson, hereby resign my commission as a police officer with the City of Ferguson effective immediately. I have been told that my continued employment may put the residents and police officers of the City of Ferguson at risk, which is a circumstance that I cannot allow. For obvious reasons, I wanted to wait until the grand jury made their decision before I officially made my decision to resign. It was my hope to continue in police work, but the safety of other police officers and the community are of paramount importance to me. It is my hope that my resignation will allow the community to heal. I would like to thank all of my supporters and fellow officers throughout this process.”
For a little insight into what our mainstream media really thinks (but will never say), check out what CBS News Chief White House Correspondent Major Garrett and two of his colleagues said when Garrett apparently forgot his mic was still on after the White House’s October 3rd press briefing on the government’s Ebola response ended.
Now, Aaron and I are in no way saying “we’re screwed.” We’re just trying to show you these mainstream reporters obviously don’t believe the government’s b.s. any more than we do…yet they go on prime time TV and tell everyone exactly what the government wants us all to hear night after night. It really is all just a big fat dog and pony show, and this clip is just more (quite obvious) proof of that.
In 2002 one of Dr. Rima E. Laibow’s patients, a head of state, told her:
“It’s almost time for the great culling to begin.”
Dr. Rima E. Laibow’s husband is Albert “Bert” Newton Stubblebine III a retired Major General in the United States Army. He was the commanding general of the United States Army Intelligence and Security Command from 1981 to 1984, when he retired from the Army.
There’s a very interesting showdown taking place right now in the realm of Ebola treatments and cures. At stake is billions of dollars in potential vaccine profits as well as potentially tens of millions of lives of an Ebola pandemic outbreak takes place.
Here’s a summary of what’s happening so far, as best I can tell:
• The world of conventional medicine currently has ZERO proven treatments, vaccines or cures for treating Ebola.
• The recent Ebola media panic resulted in tremendous FDA pressure to authorize Ebola vaccine trials run by a company called Tekmira, whose stock price skyrocketed nearly 100% after the announcement.
• As Ebola news continued to spread, some websites began to claim they had various cures or treatments that could treat or prevent Ebola. For example, this web page claims something called “Monolaurin” is the answer to Ebola.
• The New York Times published an article explaining that the FDA had “issued warnings over Ebola cures.” This article specifically named Dr. Rima Laibow for asserting that nano silver can kill Ebola. Continue reading »
At almost double the $2 billion that many had expected, The Washington Post reports that The White House will request $3.8 billion from Congress in emergency funding to deal with an influx of unaccompanied minors from Central America. Funds would be allocated to send more immigration judges to the southern border, build additional detention facilities and add border patrol agents, to help stem the recent surge of women and children from El Salvador, Guatemala and Honduras.
The White House on Tuesday will request $3.8 billion from Congress in emergency funding to deal with an influx of unaccompanied minors from Central America, a far higher amount that the Obama administration had previously signaled, according to a Capitol Hill source familiar with the plans. Continue reading »
WASHINGTON — President Obama on Monday intends to nominate Robert A. McDonald, a former chief executive of Procter & Gamble, to be the next secretary of Veterans Affairs, a White House official said Sunday, betting that a global corporate officer can turn around a government health system that has been rocked by allegations of mismanagement and cover-ups of long patient waiting times.
In 2007, while co-writing a magazine piece with Silicon Valley author and entrepreneur Michael S. Malone on best Information Age practices for politicians, I coined a phrase Malone instantly dubbed “the Cannon Codicil.”
Postulating that electronic messages, like diamonds, last for forever, Cannon’s codicil simply holds that “Nothing digital ever dies.”
Although inspired by the water torture Democrats were then inflicting on Karl Rove over his missing Republican National Committee emails, mostly I was being metaphysical. But now, with the Internal Revenue Service claiming it has lost tens of thousands of emails from Lois Lerner and six of her IRS subordinates, the question in Washington is whether such a thing is technologically possible. Continue reading »
Ongoing military operations in Slavyansk have left at least 20 rebels dead and dozens more civilians injured according to Interfax.
*SLOVYANSK CLASHES KILL 20 REBELS, MANY CIVILIANS WOUNDED: IFX
As RT reports, fatalities are on both sides with little progress reported one way or the other. The White House says it’s “extremely concerned” by the deteriorating situation in southern Ukraine. Perhaps more important for the average American citizen, Klitschko has decided to postpone his planned wedding to Hayden Panettiere due to the conflict… now it’s getting serious!!
There were fatalities among both Kiev loyalists and local militia members after government troops renewed the crackdown on the defiant eastern Ukrainian protester stronghold of Slavyansk. Over a dozen of people have been killed, including some civilians.
“The amount of experience he has is ridiculous,” says former JPM prop trader Galuti, adding “- in a positive way,” as he explains why former Clinton Commerce secretary (and Obama chief of staff) Bill Daley has joined the small Swiss-based hedge fund. The revolving door of favors continues as Daley, who The FT reports will be based in Chicago and oversee US expansion (as well as provide macroeconomic and political advice), joins an ever-growing number of former Obama administration officials to have taken jobs in the financial sector.
As The FT reports, Bill Daley, the former White House chief of staff, is to join the hedge fund Argentière Capital, which was founded last year by leaders of JPMorgan’s disbanded proprietary trading division.
Mr Daley, who was also Commerce Secretary under President Bill Clinton, joins a number of former Obama administration officials to have taken jobs in the financial sector.
He will be based in Chicago and help spearhead the fund’s US expansion, as well as provide macroeconomic and political advice.
“Loan forgiveness creates incentives for students to borrow too much to attend college, potentially contributing to rising college prices for everyone,” is a study’s warning over government plans that allow students to rack up big debts and then forgive the unpaid balance after a set period. As WSJ reports, enrollment in student debt forgiveness plans have surged nearly 40% in just six months, to include at least 1.3 million Americans owing around $72 billion. The administration is looking to cap debt eligible for forgiveness, as President Obama’s revamped Pay As You Earn scheme has seen applications soar and is estimated to cost taxpayers $14bn a year. The ‘popularity’ of the student loan bailout plan surged after Obama promoted it in 2012, and now the administration must back-track as costs have massively outpaced government predictions.
We have been aggresively focused on the government’s blowing of the student loan bubble… Continue reading »
The number of U.S. troops in Afghanistan may drop well below 10,000 – the minimum demanded by the U.S. military to train Afghan forces – as the longest war in American history winds down, Obama administration officials briefed on the matter say.