The Dangerous Financing of Colleges

When the financial industry—banks, hedge funds, loan companies, private equity—gets too involved in any particular activity of the economy or society, it’s usually time to worry. The financial sector, which represents a mere 4 percent of jobs in this country but takes a quarter of all private sector profits, is like the proverbial Las Vegas casino—it always wins, and usually leaves a trail of losers behind.
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Can the Unthinkable Happen?

The “objective” American press doesn’t know how to deal with a man who says something false nearly every time he speaks.
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