What would happen if America defaulted on its debt?

Sure we know it would be bad, but what do all of these scary numbers really mean?

  • At the press time, the value was $21.7 trillion dollars.
  • Lots of people know that a default would be bad, but not everybody seems to get how horrible it would be.
  • While the risk is low, knowing what would happen if a default did occur is important information for all voters.
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Amazon chooses New York and Virginia for its HQ2

The new offices will be built in New York's Long Island City and Viriginia's Arlington.

(Photo: INA FASSBENDER/AFP/Getty Images)
  • Amazon will receive more than $2 billion in incentives from the two states.
  • The company plans to create a total of 50,000 jobs at an average wage of $150,000.
  • The announcement has caused controversy, raising concerns about rising rent prices and potentially lost resources in communities surrounding the upcoming developments.
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Setting a maximum wage for CEOs would be good for everyone

Could this be the long-awaited solution to economic inequality?

Apple CEO Tim Cook looks on during an Apple special event at the Steve Jobs Theatre on the Apple Park campus on September 12, 2017 in Cupertino, California. (Photo by Justin Sullivan/Getty Images)

Under capitalism, the argument goes, it's every man for himself. Through the relentless pursuit of self-interest, everyone benefits, as if an invisible hand were guiding each of us toward the common good. Everyone should accordingly try to get as much as they can, not only for their goods but also for their labour. Whatever the market price is is, in turn, what the buyer should pay. Just like the idea that there should be a minimum wage, the idea that there should be a maximum wage seems to undermine the very freedom that the free market is supposed to guarantee.

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Drill, baby, Drill: What will we look for when we mine on Mars?

It's unlikely that there's anything on the planet that is worth the cost of shipping it back

  • In the second season of National Geographic Channel's MARS (premiering tonight, 11/12/18,) privatized miners on the red planet clash with a colony of international scientists
  • Privatized mining on both Mars and the Moon is likely to occur in the next century
  • The cost of returning mined materials from Space to the Earth will probably be too high to create a self-sustaining industry, but the resources may have other uses at their origin points
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Tesla had 'historic' 3rd quarter, says earnings report

The company markedly outperformed Wall Street's expectations in the third quarter of 2018.

(Photo: ROBYN BECK/AFP/Getty Images)
  • Tesla issued its Q3 earnings report earlier than expected this year.
  • The report shows Tesla earned $6.82 billion in revenue vs. an expected $6.33 billion.
  • Tesla's Q3 success is largely due to booming sales of the Model 3, the company's cheapest and newest car.
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