Tag: economy

Belief in Debt Relief?

Should forgiving student loan debt be the next federal bailout to stimulate our nation’s struggling economy?  Robert Applebaum, a New York lawyer and organizer of the aptly-named Facebook movement, “Cancel Student Loan Debt to Stimulate the Economy,” thinks so.  While the title isn’t catchy, the words “cancel” and “debt” used in the same sentence is

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The Gulf Oil Spill: Economic Impact

The Deepwater Horizon oil spill in the Gulf of Mexico is shaping up to be one of the worst environmental disasters that has ever hit the United States.  What’s worse, being just five years after another devastating disaster, Hurricane Katrina, the Gulf Coast region is no doubt in grave danger as the oil continues to

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Municipal Bankruptcy – A Story in Search of a Trend?

NLC is receiving a lot of media inquiries about the prospect of cities filing for Chapter 9 bankruptcy.  It’s not surprising that the chattering classes are agog about cities going under.  It’s a grabber of a headline: “City X Files Ch. 9!”  The problem with this story is that the numbers just aren’t there to

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