Coming so soon after the FOMC’s ill-advised interest rate hike last month, yesterday’s FOMC statement underlines how out of touch the Federal Reserve has become about global financial market and economic developments.
Since 1990, the two largest teachers’ unions, the American Federation of Teachers and the National Education Association, have spent a combined $114 million on campaign contributions, according to the Center for Responsive Politics.
In an era of stagnating educational achievement and bloated public school budgets, America’s education system is in dire need of innovation. Despite strong opposition from entrenched interests, the growth in charter schools exemplifies educational innovation in cities and towns across the country.
Supporters of teachers’ unions must defend the status quo in U.S. education. This is an impossible task, as student achievement has plummeted or stagnated across a variety of metrics. The reason for this decline is not a lack of funding—it is teachers’ unions that stand against educational progress and are far too willing to throw students under the bus in service of their other priorities.
Even if Sanders’ chance at the nomination is small, his influence on American politics may be substantial. While Sanders’ policies may initially resonate with some voters, European-style democratic socialism would be a disaster for the American economy.
After a nearly two-month delay, Mayor Bill de Blasio’s office on Friday released its study on Uber and other for-hire vehicle (or ridesharing) companies. The mayor’s report does not support his previously-proposed one percent cap on the annual growth of ridesharing companies. The stated reason for his cap was concerns over ridesharing’s effect on Manhattan traffic.