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Why America Needs a Jobs Bill
Justin Bibb
Last Thursday, in front of a joint session of Congress, President Obama announced his $450 billion plan to help jumpstart the U.S. economy. “The American Jobs Act” calls for tax cuts for small businesses, new investments to modernize infrastructure and a 50 percent reduction of payroll taxes for 160 million workers. The plan also aims to reform unemployment insurance to encourage... |
Does Austerity Threaten U.S. Leadership?
Dakota Fontanello
The current debate on austerity is cause for America to reconsider its role as a world leader and the costs associated with it. With the sum total of defense spending in the United States more than that of U.N. Security Council members China, the United Kingdom, France... |
The Growing Gap Between Rich and Poor
Dakota Fontanello
America is known for capitalism, freedom and, these days, poor wealth distribution. But just how bad has it become? To answer that question, first we have to ask several others: How do we measure wealth distribution? Where is the majority of our wealth? Where do we rank in the world? And most importantly, what are the repercussions of a significant disparity in wealth? The Gini... |
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Why We Need Patent Reform
Dakota Fontanello
The American economy our generation is inheriting needs a vibrant base of innovation to compete in the global market. But without patent laws that support entrepreneurial endeavors, ideas will go no further than the drawing board. Reform is needed to open up opportunities for innovators who might not have the deep pockets of large corporations. The America Invents Act (H.R. 1249) is Congress's current solution to patent reform. America... |
Why Courage Matters
Dakota Fontanello
Courage, simply stated, is the "mental or moral strength to venture, persevere, and withstand danger, fear, or difficulty." It is a quality we might associate with heroes, the police, firefighters, soldiers, or doctors. But it’s also something many of us exhibit in our day-to-day lives and in the choices we make — finding the courage to offer a different viewpoint during a meeting or to make a significant life change.... |
The Fusion Revolution
Eric Lowe
Nuclear Fission is so 20th century. As incidents at Fukushima, Chernobyl and Three-Mile Island remind us, the technology has significant safety issues, not to mention the host of associated waste and proliferation concerns. But what if I were to tell you science—not science fiction—offers a solution to these problems that could provide us with limitless, carbon-free energy without any of the itinerant radiological threats?... |
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Is Your Next Job Overseas?
Dakota Fontanello
While the Democrats and Republicans battle over debt ceilings and deficits, Young Professionals may want to turn their focus toward another concern: economic growth. The latest data from the Bureau of Labor Statistics reveals that there were 3.1 million job openings in June. But while those numbers were higher than July 2009 — when unemployment rates were the lowest of the recession — "it has been relatively flat since February 2011 and... |
Where is the Growth?
Dakota Fontanello
With unemployment above 9 percent, growth is hard to find. Major structural changes in the economy over the past 40 years have some economists saying that persistent high unemployment is the new normal. Their concern is not unfounded; from 1969 to 1999, U.S. manufacturing decreased from 28 percent to 17 percent of GDP while retail trade also saw sharp declines. So where is the growth? Since 1990, the finance and insurance... |
Is a College Education Worth the Expense?
Dakota Fontanello
With average annual tuition at public four-year colleges and universities up 268 percent over the past 35 years, it’s a fair question to ask these days (and many are asking it): is a college education worth the expense? This year, in-state students at public schools will pay $7,605 on average in tuition and fees, according to collegeboard.com; it’s $11,990 for out of state students. And for private schools, the figure doubles to $22,... |
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