The federal government is currently on the hook for over $1.35 trillion in higher education loans, over half of which has accumulated since 2009. A number of Capitol Hill lawmakers have come up with legislation to reduce public exposure in the event of a calamity: the Promoting Real Opportunity, Success and Prosperity through Education Reform Act, or PROSPER. The House Education and the Workforce Committee approved the bill in mid-December in a 23-17 party-line vote; the Senate now is taking up its own measure. The context underscores the unsoundness of the Obama-inspired higher education overhaul of 2010 that has played no small role in bringing about this situation.
Taking on debt to attend college or graduate school is a way of life. According to a quarterly Federal Reserve Board data base, fully 42.6 million U.S. adults by the close of 2017 owed an outstanding $1,366.9 trillion in federal student loan … Read More ➡
President Donald Trump’s State of the Union address last Tuesday night offered some sensible recommendations for immigration reform. Unfortunately, he omitted a few things – such as the need to fix the EB-5 visa program. The EB-5, authorized by the Immigration Act of 1990, allows persons from abroad who invest in a U.S. startup business to become lawful permanent residents. All too often, it is an invitation to fraud and self-dealing.
The EB-5 visa, intended to spur business development, offers a green card for immigrant small venture capitalists. The visa holder must invest at least $1 million in a “new commercial enterprise” or at least $500,000 if the enterprise is located in a designated Targeted Employment Area. Upon approval of a petition, the investor and dependent family members may obtain a green card. The investor must show that the investment has created or preserved at least 10 permanent domestic … Read More ➡
The San Jose, California city council has voted to remove the city’s Christopher Columbus statue, becoming only the latest jurisdiction to join the assault on Columbus, George Washington and Confederate generals. I’m worried the mob will run out of targets, so I offer some more.
What about naturalist John Muir?
Born in Scotland in 1838, Muir founded the Sierra Club and was an early advocate for the preservation of American wilderness. Known as the “Father of the National Parks,” Muir’s legacy and writings continue to inspire modern-day environmentalists and anyone who loves the outdoors.
In 1867, Muir actually walked from his home in Indiana to Florida. He had no real purpose beyond studying the countryside, wildlife and plants. He chronicled this adventure in a fascinating, journal-styled book titled A Thousand-Mile Walk to the Gulf.
While wandering through the river country of Georgia, Muir notes on September 25th… Read More ➡
Luke Rosiak of the Daily Caller today looks at the employment of Nellie Ohr, wife of Department of Justice (DoJ) official Bruce Ohr, by the political hit-squad firm Fusion GPS under a contract with the Clinton campaign. From the article:
“The financial arrangement between Mrs. Ohr and Fusion GPS gives the appearance of government-for-hire,” said Tom Anderson, an ethics expert at the conservative-leaning watchdog group the National Legal and Policy Center. It “appears to be a sophisticated scheme to get access to the highest levels of our government … ensuring the use of government resources in an attempt to influence an election.”
A memo created and released by the House Intelligence Committee last week detailed how the “dossier,” produced by Fusion GPS- operative Christopher Steele, was used by the FBI as the basis for an successful application to a court established by the Foreign Intelligence Surveillance Act (FISA) to spy … Read More ➡
With about $6 trillion of assets under management, BlackRock Inc. carries a lot of weight in the business world. And Laurence Fink, CEO and chairman of the New York-based investment firm, wants everyone to know that. In a letter dated January 12, Fink urged dozens of CEOs of publicly-traded companies to expand their horizons beyond the confines of profit. “Society is demanding that companies, both public and private, serve a social purpose,” he wrote. “To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society.” Though such words sound reasonable, they epitomize a common error about the institutional role of the corporation.
For decades, corporations, prodded by government, nonprofit activists and their own shareholders, have been retooling themselves as social problem solvers. Under the doctrine of Corporate Social Responsibility (CSR), companies are behaving as policy-oriented philanthropies. … Read More ➡