#DontDoubleMyRate began trending on June 3rd, 2013, as interest rates on undergrad student loans are set to double from 3.4% to 6.8% on July 1st. President Obama and outraged college students are taking to Twitter to protest and urge Congress to act. Guests Tyler Kingkade and Natalia Abrams join Alyona to discuss.
Millions of student borrowers are paying record relative interest rates on their government loans, lining Department of Education coffers and stoking fears that student borrowing costs and debt levels are restraining the shaky economic recovery.
Data by the Commerce Department today shows a bigger-than-expected drop in retail sales for March. Brittany Umar has details on that as well as a look at the day's other most searched trends on the Web.
A new study shows that interest rates all over the world are made up, and based on either guesses or lies. How do we grapple with the largest global financial scam? Alyona discusses with guests Lauren Lyster, Cullen Roche, Greg Waltman and Richard Eskow.
The Labor Department says hiring dramatically slows in March, with only 88,000 job added to private and public payrolls. Brittany Umar has details on that as well as a look at the day's other most searched trends on the Web.