Tidbits - May 29, 2014
Portside
Wall Street skim is driving up the cost of college. Students are saddled with higher tuition and student debt. Taxpayers are covering risky loans and high interest rate for institutional borrowing. And for-profit colleges are overcharging students to drive profit.
... most people are aware that Wall Street crashed the economy and rode out of town scot-free, collecting unimaginably huge bonuses along the way. But vagueness breeds passivity. Fortunately, we now have Bob Ivry’s Seven Sins of Wall Street as an indispensable guide for tracking down live villains and unburied bodies. By the time you reach the end, all the sheer fury anyone with the merest flutter of a moral pulse felt back in 2008/2009 wells up again, white hot.
Should public school educators be as optimistic about the coming year as the rising stock prices of our numerous Fortune 500 corporations? Not so fast. As those entities earning record profits continue to shirk their responsibilities, the District is forced to balance its budget on the backs of the only individuals they have some sort of control over - their teachers.
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