The Federal Reserve decided today to use quantitative easing to add $40 billion every month until the U.S. labor market improves. The architects of this dangerous strategy figure the only way to save the American economy involves injecting newly created money into the market. They believe that more quantitative easing will improve the market. It seems like few people truly understand the significance of this last ditch effort. America’s economy is truly on
Today, YouTube ran a live streaming video concerning their Space Lab project. This project pooled the resources of several government agencies and international corporations to foster interest in space travel for the younger generations. YouTube sponsored the Space Lab contest, asking young minds to create a science experiment that will be taken to the International Space Station. Two contestants were chosen as winners in March: Amr Mohamed is an Egyptian teen
A Libyan protest that resulted in an attack on the U.S. consulate in Benghaz, the killing of the U.S. Ambassador to Libya J. Christopher Stevens, and the death of three other Americans was reportedly spurred by an anti-Muslim video made by an anonymous filmmaker. One segment of the film Innocence of Muslims makes a blatant ad hominem attack on the Islamic prophet Muhammad, characterizing him “as a womanizer, a pedophile and a homosexual, among
Millions of unemployed Americans and millions more at risk of losing their homes after watching their life savings wither away to nothing are rightfully commanding both presidential candidates’ attention as the 2012 election nears. Smoke-and-mirror trickery should be the last subject on any politician’s mind at this point in American history. Nonetheless, voters have a responsibility to remind those vying for political power that some issues not being treated as
As the troubled American economy continues to stumble toward an uncertain future, some very powerful decision makers are positing that a new influx of cash will solve the problem. Wait, haven’t we heard this before? In the video above, Xtranormal makes a great point about quantitative easing. The Federal Reserve is injecting a mountain of money into the market by buying bonds from the private sector. This is supposed to create more spending power for
Napoleon once said, “Nothing is more difficult, and therefore more precious, than to be able to decide.” Thank goodness Comedy Central has been making big decisions easier (and therefore less precious) for young Americans trying to decide how to approach this election season. For instance, more adults between the ages of 18-34 watched The Daily Show with Jon Stewart and The Colbert Report for this year’s GOP convention coverage than any of
