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As a recent study indicates that college and universities are giving financial aid to rich students at the expense of poor ones Senator Elizabeth Warren is offering a bill to bring student debt relief. Warren says students should get the same rates as Wall Street.

Sen. Elizabeth Warren introduced her first standalone piece of legislation

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In This Issue.

*  Jobless claims fall 3,000
*  Plosser remains hawkish.
*   It's far easier to buy than sell - Warren Buffett.
*  James Grant on a Friday!

And, Now, Today's Pfennig For Your Thoughts!

Markets Turn Irrational With Dollar Buying.

Good day.  And a Happy Friday to one and all! The Currencies and metals took a shot to the mid-section

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Heritage Foundation Faces Backlash Over Immigration Report

Jim DeMint

Jim DeMint’s coming out party as head of the Heritage Foundation is not going very well. The conservative think tank’s immigration report – which labels the cost of immigration reform at $6.3 trillion and was co-authored by a white supremacist – has caused a backlash against the group from prominent Republican...

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Brown-Vitter Will Not and Cannot Work but it is Criminogenic

By William K. Black

Introduction

Senators Sherrod Brown (D-OH) and David Vitter (R-LA) have introduced a bill entitled “Terminating Bailouts for Taxpayer Fairness Act of 2013.”  It is a miracle of modern staffing that Vitter, who loves polluters as much as his prostitutes, was able to pull h...

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Well that didn’t take long. Shortly after Defense Distributed released the first open source 3D printable gun the government has found an angle to try to stop it. According to the U.S. State Department posting the blueprints online for the 3D printable gun may have been a violation of U.S. export control laws.

On Thursday, Defense

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What's Wrong With the U.S. Job Market? (Businessweek)

Peter Coy tries to answer the million-dollar question from the supply and demand angle, also noting solutions like Roosevelt Institute Senior Fellow Jeff Madrick's call for companies to pay workers enough to buy their own products. Built-in

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Giddy "buy the dip, the Fed's got our back" participants tend to forget that major players profit from going short when all the other shorts have been terminated with extreme prejudice.

A funny thing happened on the way to the next Bull market: the price-earnings (P/E) ratio has entered bubble territory--again.  Courtesy of frequent...
Friday, 10 May 2013 |

The Roundup for May 9, 2013

Written by
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Howdy!

International Developments

❖ “ US Secretary of State John Kerry has said Syrian President Bashar al-Assad would have no role in a political settlement to Syria’s conflict.”   10% of Jordan’s population is now comprised of Syrian refugees.

Afghanistan President Hamid Karzai “reveals US will retain nine bases...

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