Category: Business & Economy

The US government, either on purpose or due to honest miscalculation, has been fabricating student loan default data, making it appear far lower than it was. The Education Department released a memo saying that it had overstated student loan repayment rates at most colleges and trade schools and provided updated numbers. A spokeswoman for the Education Department said that the problem resulted from a “technical programming error.” How bad was the data fabrication? When The Wall Street Journal analyzed the new numbers, the data revealed that the Department previously had inflated the repayment rates for 99.8% of all colleges and trade schools in the country. In other words, virtually every single number was made to appear better than it was.

Why aren’t Millennials investing in the stock market? Why aren’t they starting families and buying houses? Why are they living in their parents’ basements well into their thirties? Why don’t they just… spend? Here is the answer.

The rapid rise in interest rates coupled with an astonishing increase in the debt creates an obvious long-term trend with major consequences that anyone would be foolish to ignore.

Not a single U.S. airport was ranked in the top 25 airports in the world, and worse still, our largest and most important airports in cities like New York, Chicago, and Los Angeles scrape the very bottom in terms of customer satisfaction.