By Chelsea Galvez |Staff Writer| American spending is being compromised in order to keep up with the latest and greatest forms of technology. A survey conducted by the Consumer News and Business Channel (CNBC) showed that out of 805 Americans, 394 claimed to have economized or cut back spending on items such as food, healthcare, vacation and entertainment in order to keep up with advancing technology. “Technology is important because it is constantly changing, and has become a way of life since you are able to do anything with technology; it keeps us connected, which is why people feel lost without it,” said CSUSB student Amy Szerlip. The survey further revealed that in order to afford … [Read more...] about Struggle over food and technology tightens wallets
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Obama advocates for pushing the penny out of circulation
By Angela Rodriguez |Staff Writer| During a recent online chat sponsored by Google, President Obama announced his support in retiring the penny and suggested the one cent coin is a “good metaphor” for some of the larger problems facing lawmakers as they seek to reduce the deficit. “I will tell you right now, this will not be a huge savings for government, but anytime we’re spending more money on something that people don’t actually use that’s an example of something we should change,” said Obama in the Google+ Hangout chat. The penny has long been criticized for being costlier to mint than it’s worth. According to the U.S. Mint 2011 annual report, the copper one cent coin costs … [Read more...] about Obama advocates for pushing the penny out of circulation
CSU Spends Over $2 Million
By Nin Garcia |Staff Writer| “This extraordinary spending on top executives just demonstrates more misplaced priorities by the CSU administration,” said State Senator Leland Yee. According to news10.net, CSU campuses have spent more than two million over the past ten years remodeling the presidential homes of eight universities. At least half of that spending came from state funding sources, excluding annual maintenance and repairs. Yee said it amazes him how university presidents can claim $300,000 to $500,000 yearly salaries to be inadequate, especially when campus presidents do not have to worry about basic bills including mortgage and utility costs. The press release also … [Read more...] about CSU Spends Over $2 Million