bankruptcy

The Perfect Storm, of Logistics

Sergio Bologna
il manifesto
The shipping companies have been transporting goods at a loss. They put too many ships into service and they continued to order increasingly larger ships at. The shipyards competed fiercely for the orders and built the ships at bargain prices, although they are technological jewels. With the increase in freight capacity, freight rates plummeted, volumes grew but the income per unit of freight transported decreased. Then, China slowed exports creating the perfect storm.

Our Universities: The Outrageous Reality

Andrew Delbanco
New York Review of Books - July 9, 2015 Issue
In higher education, whether as affordable land-grant state colleges, tuition-free municipal universities, grants to children of the poor or need-blind admissions, access to learning was at least prized as a right, not a privilege. As tuition and administration costs soar, the number of low-paid adjuncts explodes and financial aid collapses, college funding shifts from the public purse to student debt. Wither democracy or plutocracy?

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