Congress, as usual, is paralyzed. It can’t figure out how to extend the low-cost student loan program. Without Congressional action, the interest rate will double, from 3.4 percent to 6.8, on July 1. The cost of extending the program for a year is estimated to be $6 billion. With the economy still weak and with [...]

I’ve grown to hate presidential campaigns. No matter what either candidate does, the other guy, and the  echo chamber of his supporters in Congress and the media, will attack it. Obama may be guilty of over-celebrating the anniversary of the death of Osama bin Laden, but one has to ask how the Republicans would be [...]

The big tech companies are spending billions to stockpile patents. Earlier this month Microsoft paid more than $1 million each for 925 AOL patents, Microsoft then sold 650 of them to Facebook for $550 million. Google and Apple have aggressively hoarded patents, as well. The reason? Yes, these companies still create amazing new products, but [...]

As usual, this completely dysfunctional Congress can’t seem to find the fix for Social Security. The trust fund is now estimated to run out of money in 2033, three years earlier than previously anticipated. After that, taxes will cover only about 75 percent of promised benefits. It’s still not all that hard to fix it. [...]