1. Intern Worked to Death?
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After a 21-year-old Bank of America intern died after reportedly working until 6 a.m. three days in a row, a spotlight is being turned on the working conditions on Wall Street. Can corporate culture work people to death? Cardiologist Dr. Kevin Campbell says sleep deprivation can lead to heart attack, stroke, anxiety and depression. Treatings CEO Hayden Williams says long hours and all-nighters are common on Wall Street – especially because junior employees are trying to get ahead. FBN’s Charlie Gasparino says Red Bull and drugs are prevalent in the world of finance, which exacerbates the unhealthy lifestyle.
2. Should You Be Able to Dump Student Loans?
FBN’s Dennis Kneale reports that seven million borrowers are in default on student loans, according to the CFPB. The Center for American Progress’ Joe Valenti says bankruptcy should be an option for borrowers to ditch their student loan debts, but Kneale questions whether this is too easy a path potentially for people who borrowed money of their own free will.
3. Too Much Attention Given to Federal Reserve?
The Dow finished lower yesterday for the sixth straight session, after yesterday’s Federal Reserve minutes revealed that tapering may be coming soon, or may not. WL Ross & Co. CEO Wilbur Ross says if QE is the only thing keeping the economy going, then we’re in really bad shape as a country. Ross says our country needs more savers – not just borrowers – and that savers have been key to China’s rapid growth.
4. Double-Standard for Banks, NSA?
FBN’s Neil Cavuto asks why there’s such a sudden interest in going after banks, five years after the financial crisis, while there’s little interest in delving into NSA abuses. Former Gov. Mike Huckabee, (R-Ark.) says our government has been more intrusive than Americans can feel comfortable with, and says the Obama administration’s focus on the banks is trying to distract citizens from the NSA scandal.