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Business Does It Better? Top 3 Private For-Profit Universities have Staggering Loan Default Rate

A week ago, I wrote to share the news that a quarter of students departing the private for-profit Kaplan University are so desperate that they default on their student loans. Defaulting on student loans is a big deal: it absolutely wrecks a person’s credit rating, it leads to harassment by collecting agencies, and is almost [...]

Kay Hagan Lets Nicaragua Wear The Pants

If it wasn’t for politicians like Kay Hagan, we would have more all-American clothing companies, and more clothing companies offering more made-in-the-USA clothes. [...]

Government Shutdown: Did Private Charity Make Up the Difference?

One libertarian response to the cry “heartless!” is to reassure a sentimental critic that they need not worry. Government spending, they say, has “crowded out” private charity. Once government spending on behalf of the poor and suffering is cut back, private charitable contributions will surge to take its place.

Gorfias:

I think public spending crowds [...]

Business is Always Better? Consider Health Care, says Amy

John Stossel writes: “I bet my readers $1,000 that they couldn’t name one thing that government does better than the private sector. I am yet to pay. Free enterprise does everything better.”

John Stossel must be blind.

Consider health care, for instance. Professor Douglas Amy of Mount Holyoke College looked into this issue; here’s an [...]

Identity Theft: How to Build a Hype

How to build a hype:

1. Read a Bureau of Justice Statistics Report, which finds that:

6.7% of U.S. adults were on the receiving end of “identity theft” last year, but this definition includes “attempted misuse” that was unsuccessful, and the most common way adults found out about such activity was to be contacted by [...]

Successful People Teach Us How To Be Creative

The first thing you do is get an espresso machine that costs over three thousand dollars and hire a special technician to fix the machine because it breaks down all the time. If you do this, you will have the kind of coffee that will help you have good ideas.

Thanks for teaching us how [...]

Encourage Congress To Ban Bosses From Checking The Credit Rating Of Job Applicants

Do you have bad credit? Get a job, say the corporate bosses! Do you want a job? You can’t have one, because you have bad credit, say the corporate bosses! [...]

How Is Social Security To Blame For U.S. Financial Apocalypse?

Over at 1787, a new independent political party that purports to be open to any new ideas from its members, and not promoting any particular ideology, has issued a very particularly ideological statement about the federal budget deal between the Obama White House and congressional leaders. The 1787 leadership, who are self-appointed and have given [...]

Private-Sector Success? 1 out of 4 Kaplan Students Default on Loans within 3 years

Some Americans are gung-ho about the private sector. They like to say that anything the government can do, business can do better.

How do we then explain the fact (taken from statistics maintained by the Department of Education) 1 out of 4 students at Kaplan University, one of the three largest private for-profit universities in [...]

Does Obama Plan To Prevent Impeachment By Ruining The Economy?

Jerome Corsi has announced that he has learned of plans to distract the American people from an growing movement to impeach Obama – and says that Obama’s plan is to wreck the economy so that people will forget about impeachment. [...]

Those Poor Socialist Countries

Gene Berkman writes:

Rather than screw the poor, capitalism has created the most prosperous societies in human history. The socialist regimes are all charactized by depravation and loss of liberty. When government grows, it takes resources from the civilian economy, and makes everyone poorer.

From Organization for Economic Cooperation and Development Statistics:

Life expectancy:

France [...]