I love sports and follow professional and collegiate football pretty religiously. I went to the University of Southern California (USC) for undergrad, where I got to enjoy our football team before everything turned dark for the Trojans. I now attend the University of Illinois for law school and, let’s face it; the football team leaves something to be desired. I’m a Chicago Bears fan and a San Diego Chargers fan and November 28, 2010 was basically my favorite day of football ever; the Bears beat the “unstoppable” Eagles 31 – 26 and the Chargers manhandled the Colts 36 – 14. Even though USC is now on a two year bowl ban and I’m not living in Los Angeles, I still have a special place in my heart for USC and the Pac-10, as I’m sure most people do about their alma mater. Therefore, I’ve been … Read the rest
Quantitative Easing May Create Foreign Unease
While I cringe to find myself on the same side of the fence as Sarah Palin, she and Republican politicians in Washington D.C. may be right to fear Ben Bernanke and the Federal Reserve’s new effort of quantitative easing. The Federal Reserve’s proposed plan is to buy $600 billion in Treasury bonds by June 2011. Their aim is to lower long-term interest rates and to keep the dollar cheap, thereby stimulating the U.S. economy by encouraging the sale of goods overseas. While Palin may not understand why she objects the plan, I do: it has the potential to antagonize U.S. trade partners and stiffen foreign trade.
Dissenting Conservatives are concerned with the long-term effects of the move, which could cause a domino effect of runaway inflation and frustrate U.S. trade partners. Bill Gross, the manager of the largest mutual fund in the world, Pacific Investment Management Company, LLC (PIMCO), … Read the rest