Friday, August 03, 2012

Problems, Problems, Problems...

A chilling sign - one more nail in our collective coffin - one more reason CHINA is positioned to zoom past the USA as the leading nation on the planet.[College Is a Debtor's Prison for the American Family]

More on college in a bit... What can America do to get "back on track" ? Nothing. We have reached a point of no return. We can't go back to what once was. Days when the US Post Office was a thriving business. When our coins were silver. When savings accounts' interest rates were 11%. When gasoline was 25 cents a gallon. When college was free, or at least, inexpensive.

Another worry ::: the ACTUAL unemployment rate. What is it? Billionaire Donald Trump says that the official unemployment rate given by the government “isn’t a real number” and that the real figure is closer to 15 percent to 16 percent. Many people have simply fallen off gov't chart-counts because they have exhausted their unemployment benefits -or- they have accepted marginal part-time jobs just to stay off the streets as long as possible.

More and more people are trying to carve out a chunk of extra livelihood via the internet. Selling stuff on websites and blogs or participating in affiliate programs of one sort or another.

Student Debt Crisis: It’s Time for a Jubilee

Mark Engler, Op-Ed: “Organizations that usually demand cancellation of the crippling debts owed by impoverished countries in the global South are now calling for debt forgiveness for a different group of borrowers: U.S. students. With soaring tuition, poor job prospects, and loans that take decades to pay off, there’s no question that students need a year of jubilee.”

When the latest Census figures are released this year, it is expected that the poverty rate of Americans will be higher than it has been since 1965. Joblessness is closely tied with poverty. As the poverty rates rise, the spending on assistance programs like Medicaid, food stamps and disability increases as Americans struggle to get by.

Study Shows Helping Homeowners Avoid Foreclosure Saves Taxpayers Money

Pat Garofalo, News Report: “The Federal Housing Finance Agency (FHFA), which is tasked with regulating government backed mortgage giants Fannie Mae and Freddie Mac, will soon make a decision regarding whether or not it will allow Fannie and Freddie to reduce mortgage amounts for troubled borrowers. Several analyses have shown that reducing mortgage principal is the most effective step for preventing foreclosures, and now an FHFA analysis shows that it could be a good deal for taxpayers as well.”

Scientists Propose Dumping Hundreds of Tons of Iron into Ocean to “Stop Global Warming”

Anthony Gucciardi, News Report: As iron can stimulate plankton growth (organisms which absorb CO2), it has been touted to be a method of artificial engineering the climate with great effectiveness. In fact, one scientist named John Martin said in 1980 that a “half tanker of iron” could cause an ice age. Planktos sought to dump excessive amounts of iron into the ocean, capture carbon, and then sell carbon credits to companies looking to ‘offset’ their global emissions. A mission that ultimately collapsed.
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