Gov. Shapiro drafts plan to help Pennsylvania higher education system
Gov. Josh Shapiro has plans to address and improve Pennsylvania's higher education system, which is known for its affordability and unfavorable rankings. Pennsylvania ranks low in higher education aid, student loans, and college tuition, spending less per capita than most states. The proposed budget aims to provide significant aid to state universities, community colleges and […]
GDP Soars 3.3%, Much Higher Than Expected
The U.S. Bureau of Economic Analysis said Thursday that the economy grew much faster than expected in the final months of 2023, driven by strong consumer spending and expanding government budgets. Gross domestic product (GDP), the government's broadest measure of the economy, grew at an annual rate of 3.3%, adjusted for inflation, in the fourth […]
Gas prices climb higher as arctic winter weather impacts production: AAA
With the colder weather this week, your pump bill may have gone up. (iStock) Gas prices rose slightly this week as arctic winter weather affected gas production across the country, according to AAA. AAA said the national average cost of a gallon of gasoline rose 2 cents from last week to $3.09, reflecting a slowdown […]
US dollar finds some bids as yields tick higher – ForexLive
Despite the Fed's Goolsby's dovish comments, the US dollar is rising across the board. Markets continue to try to adjust Fed policy, with a 136 bps rate cut currently priced in for the rest of the year, bringing the rate cut in March to 55%. Bonds started the year very well and have been giving […]
A different way to finance higher education: with equity
The recent campus crisis shows that universities are not investing enough in our nation's students. This is not surprising. Incentive structures are like that. Universities are no longer nonprofit institutions focused on higher education, but businesses where presidents like Claudine Gay act as asset managers and students act like customers. These once-respected institutions claim: tax […]
Retail Sales Surge Higher Than Expected, Threatening to Ignite Inflation
U.S. shoppers eagerly reached for their wallets and credit cards in December, spending far more than expected, according to Commerce Department statistics on Wednesday. U.S. retail sales rose 0.6% from the previous month, well above expectations for a 0.2% increase. Compared to the previous year, sales increased by 4.8%. Sales of cars and trucks drove […]