The effects of the recession have been far reaching –that is no secret of course –but the picture for students in this downturn is only beginning to be painted more clearly. According to the Higher Education Research Institute’s annual survey of college freshman, students are really feeling the financial squeeze unlike ever before.
On the last day of 2009, The Washington Post published an article, presented as a news story, which could be a signal of the death of the Post as an independent and objective news source.
Earlier this week the House held a hearing on private student loans and bankruptcy, shedding light for the first time on a rather unknown yet devastating aspect of student debt. more »
The following pieces, a cover letter from Aug. of 2007, and the essay to which it refers, from Feb. 2007, show my basic worries - before the financial storm hit - about the soundness of our financial system. My writing was triggered by a Washington Post "all's well" economic forecast which I saw in Jan. of 2007. more »
“Major Foreign Holders of Treasury Securities,” Department of the Treasury/Federal Reserve Board, 18 January 2008. Available at http://www.treas.gov/tic/mfh.txt
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