Kelton described the debate over the national debt as a “bipartisan chorus,” since both parties in Washington agree that having such a high debt will produce dangerous economic consequences for future generations. Contrarily, she argues that deficits are necessary for economic growth.
Stony Brook University is expecting a new addition in the form of a new athletic and entertainment facility in fall 2014. But Stony Brook Arena is not exactly new. According to a press release from May 2012, the university commenced a renovation of the 40,000 square foot arena. With a budget of $21.1 million, renovation began in June of 2012. According to the press release, the renovation “provides Stony Brook with a new opportunity to build relationships within the community.”
The glass ceiling for women in economics has been cracked a little more in recent days. Last Wednesday, Janet Yellen was nominated by President Obama to become the chairwoman of the Federal Reserve. Many of us would think “Why should I care? What does it matter to me?” Or say, “I have midterms and papers to write, this does not affect me.” But the truth of the matter is that it does.