Tim Bradley continues his series on the cost of attending college. In this piece, he evaluates the financial investment of college and the importance of stressing the original purpose of higher education.
Tim Bradley does some investigative reporting and examines the cost of attendance at the University of Notre Dame in comparison to other elite institutions across the country that have seen dramatically increasing costs of attendance.
“The great challenge of the contraceptive mandate is not legal, political or even constitutional. The primary challenge is an evolving orthodoxy that no longer assumes religion in American public life is a good thing, much less that it ought to be constitutionally privileged.”
On September 18 the Federal Open Market Committee (FOMC) decided, in a move that surprised markets, that economic conditions did not yet warrant a reduction in the pace of its bond purchasing program.
The current policy of purchasing $85 billion-a-month of Treasury- and mortgage-backed securities is the third iteration of quantitative easing, a policy tool designed to maintain downward pressure on interest rates after the federal funds rate has reached its zero lower bound and other traditional policy tools have been exhausted. These policies so far have led the Fed’s balance sheet to increase to almost $4 trillion. After months of signaling markets to prepare for tapering due to improvements in the outlook for economic growth, the FMOC move triggered a sigh of relief in stock and bond markets, with the yield on 10-year Treasury notes falling and the Dow Jones Industrial Index closing at a record high immediately following the release of the FOMC meeting statement.