Econ 101: The US economy bounced back from a dreary winter to grow at 4 percent in the second quarter, according to the Commerce Department. The numbers make analysts hopeful that the winter shrinkage was an anomaly and the economy will continue to recover and grow this year.
Three Pointer: A federal probate judge ruled that Shelley Sterling can sell the Los Angeles Clippers immediately without permission from her embattled husband Donald. Under threat from the NBA to sell the team, Mrs. Sterling agreed in May to sell the team for $2 billion to former Microsoft executive Steve
Still a drag is slow growth in wages and the debt carried by an enormous number of Americans. About a third of American households, roughly 77 million people, have at least one bill that’s in the collection process, according to the Urban Institute. The median debt in collection is $1,350....
Gaza: For the second time in a week Israeli fire has hit a United Nations school used as a shelter and at least 20 people were killed. Israeli defense forces later announced a four-hour ceasefire to give people a chance to remove the dead and wounded from combat zones.Read more
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Monday, July 28, 2014
Intel: The US yesterday released satellite images that it says are proof Russia has fired rockets from its own territory into eastern Ukraine. The images show Russian self-propelled artillery on their side of the border and the position of a …Read more
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It's Been Said
“Our system of elite education manufactures young people who are smart and talented and driven, yes, but also anxious, timid, and lost, with little intellectual curiosity and a stunted sense of purpose: trapped in a bubble of privilege, heading meekly in the same direction, great at what they’re doing but with no idea why they’re doing it.”
-William Deresiewicz writing about elite universities in the New Republic