Sorry Bernie, Wall Street Wasn’t Deregulated Pre-Crash

With his New Hampshire win, Senator Bernie Sanders’ momentum continues to grow in the race for the Democratic presidential nomination. Part of Sanders’ appeal stems from his staunch opposition to all things Wall Street. In his speech on the topic from early this year, Sanders argued, “in the 1990s and later, the financial interests spent billions of dollars in lobbying and campaign contributions to force through Congress the deregulation of Wall Street.”

There is just one problem with this statement—it is not true. The touted widespread deregulation of Wall Street never happened.

Read the rest on Forbes, here.


The Pentagon has released 200 photos of detainee abuse dating back to 2003

Warning: the following contains descriptions of and links to material some readers may find disturbing.

On Friday, the Pentagon released 200 photos from investigations of detainee abuse in Iraq and Afghanistan dating back to 2003. The photos come from over two dozen military sites and predominately show bruises, reddened marks, and bandaged body parts. The Pentagon added that the investigations had resulted in 14 allegations, in which “65 service members received some sort of disciplinary action” from letters of reprimand to life imprisonment.

The ACLU fought for the photos’ release over the objections of the Pentagon, which argued that their being made public would put American lives at risk. The Pentagon still withholds 1,800 additional photos which it says document more graphic torture. The ACLU has committed to securing their release as well.

Read the rest on Rare, here.


Colleges Cheapen Instruction as Enrollment Booms

 A new working paper from the National Bureau of Economic Research shows that higher education in America is changing in more ways than one. Colleges and universities are increasingly hiring adjunct or part-time faculty instead of full-time professors, according to economists Liang Zhang, Ronald Ehrenberg, and Xiangmin Liu. Since 1993, the part-time share of faculty at four-year universities has risen from 30 percent to 38 percent, while full-time professors’ ranks have fallen from 60 percent to 51 percent.

Private institutions now employ part-time faculty and full-time professors in equal proportions. The less-flexible nature of public universities keeps full-time professors in the majority, but the trend is still clear. Adjuncts are rapidly becoming the new normal.

Read the rest on Economics 21, here.