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...State of the Union address last Wednesday, Obama proposed a policy that would limit students’ debt payments to 10 percent of their discretionary income and forgive all student debt after 20 years—or 10 years for those who pursue a career in public service...
...little selfish too. To boost its host-country advantage, Canada has gone so far as to limit competitors' access to facilities like the sliding track and downhill-skiing course in Whistler and the speed-skating oval in Vancouver. That has drawn the ire of foreign athletes, particularly the Americans, who've made a stink about it. "We tried to get into the facility this summer for training, but they were charging an insane amount of money to let us skate there every day," wrote Apolo Ohno, the U.S. short-track speed skater and five-time Olympic medalist...
Thus, the extension of healthcare to younger workers, thus, does not do enough to offset the rising costs incurred by young people due to other provisions in the bill. Additionally, the healthcare plan prevents the young from capitalizing on their good health. Factors, including limiting the amount that companies can charge older patients, preventing the denial of coverage based on preexisting conditions, and “community rating”—or price controls—to limit the ability to offer lower costs to lower risk patients, would likely mean that younger workers would have...
...also no coincidence that the President made his announcement while standing next to the unlikeliest populist advocate for financial reform, 82-year-old former Federal Reserve chairman Paul Volcker, a previously marginalized Obama adviser who had chastised the Administration for making insufficient efforts to limit the size and risk profiles of big banks. The White House is tired of complaints that its economic team - especially Treasury Secretary Timothy Geithner, the former New York Fed president who helped bail out AIG and other failing firms - is too close to Wall Street. Bringing the legendary gray eminence in from the cold - Obama...
...late December, Obama's entire economic team agreed to support the rule, along with limits on the size and scope of banks that go beyond the amendment Kanjorski drew up. Geithner would have preferred to limit risk-taking through tougher rules on leverage and capital - and he's still planning a push on that front - but in an election year, it was easy to see the value of having Volcker inside the tent. "The narrative is changing," Warren says. "In 2010, Congress will have a basic choice between taking the side of banks and taking the side of families...