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linkApr 11, 2013 12:49 pm
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linkApr 10, 2013 8:27 pm
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linkFeb 28, 2013 2:05 pm
Watch A Diner Waitress Explain To A Wall Street Guy How Money Works In America
This is so bizarro that I wouldn’t blame you if you started off identifying with the Wall Street guy. But don’t worry: He gets schooled on economics by that diner waitress. What I will blame you for is clicking out of this window before the musical portion of this video starts at 5:20.
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textJan 27, 2013 8:11 pm
What is the Federal Debt and How Does the Debt Limit Work?
At the end of fiscal year 2011, the federal debt totaled $14.8 trillion.
The debt limit determines when the U.S. Department of Treasury can or cannot borrow money to cover the country’s debts.
Learn more about the federal debt and the debt limit in Federal Debt 101, from the Government Accountability Office.
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quoteSep 15, 2012 3:32 pm
"Well, there’s probably a lot of — I’m not a woman so I’m thinking, if I’m a woman, why would I want to get — some of it has to do with economics. A lot has to do with economics. I don’t know, I have never — It’s a question I have never thought about."
Ohio State Rep. Jim Buchy (R) has never thought about why a woman would want an abortion, but nonetheless opposes abortion in almost all instances. (via pantslessprogressive) -
photoAug 27, 2012 4:53 pm
![theatlantic:
America’s Housing Trap: How Young Homeowners Lost Out by Buying
Last week, the real estate researchers at Zillow released their report on underwater homeowners — those who owe more on their mortgage than their house is worth — for the second quarter of 2012. They estimate that 48 percent of mortgage borrowers younger than 40 are currently underwater. It’s 39 percent among those who are 20-24 years old; 48 percent for the 25-29 cohort; and 51 percent for the 30-34 demographic. Overall, they’re more likely to be underwater than middle aged and elderly owners, a result of the fact that many Millennials were buying at the peak of the housing boom.
Read more. [Image: Zillow]](http://24.media.tumblr.com/tumblr_m9fbhtzTcf1qcokc4o1_1280.png)
America’s Housing Trap: How Young Homeowners Lost Out by Buying
Last week, the real estate researchers at Zillow released their report on underwater homeowners — those who owe more on their mortgage than their house is worth — for the second quarter of 2012. They estimate that 48 percent of mortgage borrowers younger than 40 are currently underwater. It’s 39 percent among those who are 20-24 years old; 48 percent for the 25-29 cohort; and 51 percent for the 30-34 demographic. Overall, they’re more likely to be underwater than middle aged and elderly owners, a result of the fact that many Millennials were buying at the peak of the housing boom.
Read more. [Image: Zillow]
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photoAug 24, 2012 10:09 pm
Read the essay from the new issue.
![theatlantic:
America’s Housing Trap: How Young Homeowners Lost Out by Buying
Last week, the real estate researchers at Zillow released their report on underwater homeowners — those who owe more on their mortgage than their house is worth — for the second quarter of 2012. They estimate that 48 percent of mortgage borrowers younger than 40 are currently underwater. It’s 39 percent among those who are 20-24 years old; 48 percent for the 25-29 cohort; and 51 percent for the 30-34 demographic. Overall, they’re more likely to be underwater than middle aged and elderly owners, a result of the fact that many Millennials were buying at the peak of the housing boom.
Read more. [Image: Zillow]](http://25.media.tumblr.com/tumblr_m9fbhtzTcf1qcokc4o1_500.png)
