Political Landscape & Election Analysis - Zoran Mam Donnie's unexpected victory over Andrew Cuomo in the Democratic nomination, with a shift from a 6% chance to winning [1] - Mam Donnie is a 75% favorite to beat Eric Adams, despite Adams' expected support [2] - The election reflects a broader trend of voters supporting Democratic socialists with unconventional platforms [2] - Young, college-educated white voters played a significant role in electing Zoran [16] Economic Factors & Student Debt Crisis - The rise in student loan debt from $500 billion to $2 trillion in the last 20 years is a key factor [7] - Approximately 40% of the 4 million annual college graduates have student loan debt [7] - Around 80 million young people have accumulated $1.5 trillion in new debt over the past 20 years, averaging $60,000 per person [7] - The increasing cost of college degrees has outpaced entry-level salary wage growth by 10 times over the last 20 years [18] - Student debt creates "negative capital," leading young people to seek government intervention and socialist solutions [11][12][13] Policy Proposals & Potential Consequences - Proposed policies include free buses, rent freezes, tripled affordable housing development, city-owned grocery stores, and a $30 minimum wage [3] - Concerns that high taxes will drive the top 10% of taxpayers, who contribute two-thirds of the tax base, to leave New York [20] - The federal student loan program needs reform, potentially replaced by private lenders with underwriting standards [26][27] Historical Parallels & Warnings - Socialism has historically failed in various countries when used to escape debt cycles [15] - Cities like San Francisco and Los Angeles are cited as examples of the "doom spiral" caused by socialist policies [18][22][23]

Carpet maker Victoria obtains a new £130 million debt line to help address its looming maturity wall https://t.co/BPLBQueEVt ...

Joining me right now, we have Senator Chris Van Galand of Maryland. Senator, it's good to see you again, sir. So, I do want to begin with the unexpected news that we got what 30 45 minutes ago or so about Senator Tom Tillis and the fact that he will not run again for reelection next year when he would have been up.Um, was this a surprise to you. It is a surprise. It's also an indication that uh Tom Tillis knows this is a very rotten bill.It's been clear from the beginning he had deep misgivings about uh thi ...

Germany’s finance minister has unveiled plans to borrow vast sums for a debt-funded infrastructure programme and a giant rearmament scheme. Three things have enabled this splash of cash https://t.co/twru7Q8Jgk ...

Good question. Who?At the same time, this bill raises the debt ceiling by $5 TRILLION, the biggest increase in history, putting America in the fast lane to debt slavery!Jesse D. Jenkins (@JesseJenkins):The energy provisions in the Republicans' One Big Horrible Bill are truly so bad! Who wants this? The country's automakers don't want it. Electric utilities don't want it. Data center developers don't want it. Manufacturers in energy intensive industries don't want it. It ...

How much do doctors actually make. Well, after university, most are over $200,000 in debt. Damn.Then what. During the first couple of years, they're earning $50 to $60,000. What.Why work for minimum wage and maximum stress. Well, when they're fully qualified, they can earn over $200,000. But it gets even better.Okay, so when do they get the big money. Well, if they go private, specialists and consultants can earn over $500,000 a. ...

Macron has pledged to increase defense spending, but the increased military outlays come with hard choices for a France struggling with deficits and debt. https://t.co/vEUjwC2W7M ...

A Hong Kong family dynasty in turmoil, with no known succession plan and billions in debt as China’s property crisis continues. How will one of Asia’s richest families navigate these uncertain waters? https://t.co/ITtjOaYwel https://t.co/ojBZKpkiFD ...

In 2008, he sounded the alarm about the impending financial crisis. And now he's warning about something even more important. He's the author of the brand new book, How Countries Go Broke: The Big Cycle.And Bridgewater Associates founder Ray Dio joins us now. Great. Uh, Ray, great to see you.Congratulations on the book. Thank you. Uh, it really relates now how countries go broke because everyone's should be concerned about the deficit that alarms you.Why. Well, there's a supply demand. you know, when they t ...

~190 years for the US to accumulate $1T of debt, now it takes just about 3 months for the US debt to go up by $1T ...