But what good news based on that headline, huh?!!!
I hope the crippling and en$laving loan debt was worth it. Talk about total failure by a $y$tem or government.
"Obama aims to ease college loan debt; Seeks payment cap of 10 percent on monthly income" by Jackie Calmes | New York Times June 08, 2014
WASHINGTON — President Obama on Monday will take executive actions in an attempt to ease the burden of college loan debt for potentially millions of Americans, in a White House event coinciding with Senate Democrats’ plans for similar legislation to address a concern of many voters in this midterm election year.
All of a sudden he has a bolger on the issue. Every two years they redi$cover wealth inequality, too, only to go right back to bu$ine$$ as usual with the $hit-fooley$harade.
Before an East Room audience, Obama is scheduled to announce “new steps to further lift the burden of crushing student loan debt,” said a White House official, who declined to be identified describing the actions in advance of the president’s event.
Despite the administration’s past actions, borrowers’ debt load is growing and slowing the ability to buy homes, start businesses, or otherwise spend to spur the economy, economists say.
They mean because of.
Obama’s main action will be to expand on a 2010 law that capped borrowers’ repayments at 10 percent of their monthly income. The intent is to extend such relief to an estimated 5 million people with older loans who are currently ineligible, those who got loans before October 2007 or stopped borrowing by October 2011.
But the relief would not be available until December 2015, officials said, given the time needed for the Education Department to propose and put new regulations into effect.
Also, Obama will announce that the department will renegotiate contracts with companies that service federal loans to give them additional financial incentives to help borrowers avoid delinquency or default.
This bankrupt government needs every cent!
This is NOT ABOUT HELPING YOU, kids!
The Education and Treasury departments are to work with two tax-preparation firms, H&R Block and Intuit Inc., to ensure that borrowers are aware of repayment options and tax credits for college tuition.
The president said in January, in his State of the Union address, that he would use his “pen and phone” to take executive actions and enlist private institutions on matters where disputes with congressional Republicans block legislation.
But bill generally is more far-reaching. So Obama will also urge passage of a measure that the Democratic-led Senate plans to take up this week, discussing that at his Monday event and in a Tuesday question-and-answer session about student loan debt on Tumblr, the social-networking website.
I'm Tumbling away from that.
The Senate bill, sponsored by Senator Elizabeth Warren, a Massachusetts Democrat, would allow an estimated 25 million Americans to refinance outstanding student loans, federal and private, at lower interest rates.
Related:
"US Senator Elizabeth Warren is trying to stir up support for her student loan bill ahead of an expected vote in the Senate next week. On Monday, Warren and US Representative John Tierney, a fellow Massachusetts Democrat who has sponsored a similar bill in the House, are planning to attend an event where President Obama is expected to address the issue of college affordability."
Also see: Warren Whips Up Students
How quickly she sat down. Wish I could say I wasn't disappointed.
Btw, the reason there was even a problem was because Democrats set the rates to expire in 2012 -- because they thought it would be a GOOD POLITICAL ISSUE for the ELECTIONS!
Need I remind you kids that BOTH PARTIES let the 3.4% rate lapse so it would ballon to 6.8% before rushing in to save you kids and dropping the rate to 3.8%while tying them to market rates that can only rise -- and then they held press conferences telling you what a great thing they did for you kids!! They truly think you are that stoopid!
Reduced interest payments would cost the government about $58 billion over 10 years, according to the Congressional Budget Office, but the legislation would raise $72 billion by imposing a new tax on some high-income individuals.
Yeah, poor government is going to make even more money of this.
The tax and the bill’s overall cost make it virtually certain, however, that the Republican-controlled House would not consider the measure....
So this whole article is really about nothing, huh?
Although economists argue that a postsecondary education is an investment that pays off....
See top of this post.
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I won't be covering the article that will be appearing tomorrow. Sorry. I'm sick of $hit-$willed propaganda and public relations imagery and illusion for the powerful.
NEXT DAY UPDATE:
"Senator Elizabeth Warren will get her biggest showcase this week for her top issue — reducing student loan debt — as her bill heads to a vote Wednesday. But the plan by the Massachusetts Democrat to tax the wealthy so college graduates can refinance their loans is being labeled a political stunt by Republicans who say it stands little chance of becoming law. Whatever the law’s fate, it is being used by Democrats as part of a midterm election package of populist proposals known as the “Fair Shot” agenda, designed to draw contrasts between the two party’s views on checkbook issues such as the minimum wage and equal pay. Obama’s support — even after Warren antagonized the White House last year by urging Democratic colleagues to vote against a bipartisan compromise bill to temporarily lower student loans — is an indication of how the administration is adopting some of her more populist policies as Democrats fight to retain control of the Senate in the upcoming midterm elections."
I thought taking on Wall Street banks was here top issue. Gue$$ I was wrong.
Also see: Elizabeth Warren’s student loan bill is worth talking about
And that is all it is: talk.
What to Expect for the 2014 Elections
I'm just wondering how you women feel about being political pawns and being treated with disrespect by Democrats is all.
Related: First step in paying down student debt: know what you owe
All that debt for what a high-school dropout could do, huh?
Pretty stoopid move, kids.
"More school districts look to tablets as tool for students" by Michael Alison Chandler and Hayley Tsukayama | Washington Post June 08, 2014
WASHINGTON — The rush for schools to buy tablets and other computers comes ahead of a looming deadline for new online standardized tests, scheduled to be introduced next year in 45 states that signed on to the new national Common Core learning standards.
Who got the contracts?
Related: Nothing in Common With Oklahoma
I tried to find it, but couldn't.
But many advocates for education reform, including US Education Secretary Arne Duncan, see the scaling up of classroom technology as a much bigger opportunity to rethink schools, to untether them from a calendar designed in an agrarian era, a bell schedule that tells students when and where to go, and a teacher in the middle of the classroom who is considered the source of knowledge.
I agree. We don't need dictators acting like teachers.
‘‘Before, it was more sit and get,’’ said Leslie Wilson, chief executive of the One-to-One Institute, which advises school districts. ‘‘In this transformed environment, students can direct their own learning.’’
We did and we are.
Computers can help students learn at their own pace, based on what they know rather than on whatever class they are in. Experts say this can be particularly helpful for a ninth-grader who reads at a fourth-grade level. Computers also have the potential to engage students through the same kinds of games, videos, and social networks that captivate them during their free time.
That is what is making them illiterate.
But offering every student an easy window to the World Wide Web raises steep challenges for school districts. They must provide enough bandwidth and professional development, and they must have enough network control to prevent the devices from becoming easy tools for the distractions of online shopping or instant messaging that could lure students away from their math classes.
To sites like this one (smile)!
There are no recent national counts of districts that issue their students tablets or laptops, Wilson said.
But many districts have launched ambitious efforts in the past few years, including a laptop initiative approved in Baltimore County, Md., this spring and a $1 billion effort in Los Angeles, the nation’s second-largest school district, to give every student an iPad.
That plan has been fraught with problems, including an inquiry into the bidding process and inadequate filters, which students quickly broke through to access noneducational content.
The infusion of new technology also raises troubling questions for educators and parents. Many fear the seven hours a day an average child already spends using electronic media is more than enough and that the art of teaching will be reduced to connecting students to the most helpful apps or software.
‘‘Best practice is still with a live teacher. It’s holding a book. It’s turning the page. It’s interacting with other classmates,’’ said Jaim Foster, president of the Arlington, Va., education association.
‘‘It’s that person-to-person communication that is still the most important piece of our instruction. Teachers feel strongly about that.’’
Yeah, the socialization thing seemed to big a big part of healthy learning.
In the Washington area, students in hundreds of schools already have access to tablets. The vast majority are kept in classroom, but more schools are giving the devices directly to students.
Teachers such as these are able to abandon textbooks or stretch out the academic day because each of their students has a school-issued iPad....
So it means a longer school day? Sucks.
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"Nearly 75% who take online classes are outside US" by Peter Schworm | Globe staff June 07, 2014
Almost three-quarters of students who enrolled in the first year of online classes under a joint Harvard-MIT initiative were from outside the United States, demonstrating the global reach and growing popularity of the large-scale open courses.
Related: MOOC Poop
But only 5 percent of students who registered for courses through the online learning platform edX completed their class and earned certificates, although far more were involved in classes and reviewed much of the material, according to a new study by a research team from the two universities.
The findings were included in a trove of data released last week that provides insight into the demographics of the students who use what are known as massive open online courses....
(Blog editor clicking away)
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Where the jobs are:
"For Tech interns, monthly pay tops $7k, before perks" by Martha Mendoza | Associated Press June 09, 2014
MOUNTAIN VIEW, Calif. — Sitting in a kitchen stocked with free food, a handful of twentysomething Google summer interns weigh their favorite perks, but where to begin? With bikes, buses, massages, swimming pools, dance classes, nap pods, parties, and access to their tech heroes, it’s a very long list.
‘‘Unlimited sparkling water?’’ someone says.
In the end, however, the budding Googlers are most excited about the work.
‘‘The project I’m working on is super-high-impact, and I’m looking for ways to make my mark,’’ said Rita DeRaedt, 20, who is studying visual communication technology at Bowling Green State University in Ohio. She admitted to being a bit star-struck after she was assigned to a team headed by a designer she’s long admired.
With summer’s arrival comes an influx of thousands of Silicon Valley interns. Well paid and perked, young up-and-comers from around the world who successfully navigate the competitive application process are assigned big-time responsibility at companies like Google, Facebook, Dropbox, and Twitter.
Silicon Valley tech companies pay their interns more than any other sector in the United States, according to a Top 25 list of 2014 intern pay by the career website Glassdoor.
Some interns do not get paid at all.
Palantir Technologies, a Palo Alto cybersecurity firm, topped the list with $7,012 average monthly base pay.
So the good internships are with the CIA, huh?
Related:
CIA Has Venture Capital Wing
The Great AmeriKan Workplace
NSA Unlocking Your Secrets
Hacker Helped FBI
I'm sorry, readers, but I no longer feel at home with the Bo$ton Globe.
Tell me again it is not a war paper and war economy.
Also on the list: Twitter, LinkedIn, Facebook, eBay, Google, and Apple, all of which pay more than $5,000 a month, or $60,000 annually if these were full time jobs.
And that’s not counting the perks, which at Facebook even include housing in this high-rent region.
Related: How the NSA & FBI Made Facebook The Perfect Mass Surveillance Tool
Executives hope that a fun and stimulating summer will motivate them to come back after graduation to launch careers. It’s money well spent in a field fighting for talent, said Keck Graduate Institute professor Joel West in Claremont, who hired interns when he ran his own software company and now helps place students in internships.
‘‘When you’re an employer, interns are a win-win, because you get relatively cheap labor and you get a first look at talented and ambitious people,’’ he said. ‘‘You get first dibs on them.’’
Indeed, many internships turn into careers....
Or not -- unless you are cheap foreign labor being imported.
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UPDATE:
"There are up to 1 million unpaid internships offered in the United States every year, said Ross Eisenbrey, vice president of the Economic Policy Institute. He said the number of internships has grown as the economy tumbled and he blamed them for exploiting young workers and driving down wages. ‘‘The return on a college investment has fallen, students are facing higher and higher debt burdens, and the reaction of employers is to make matters worse for them by hiring more and more people without paying them,’’ Eisenbrey said."
They get their cut yet?
How could that happen in an economy that is recovering, and does it have anything to do with concentration of wealth in the 1%?
