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POPSHarvard's decision on financial aid puts other colleges in a tough spot
Harvard has pledged that no family making under about $180K will have to pay more than 10% of its income in tuition. This makes other college administrators very nervous, since they can't come close to duplicating that deal, especially without raising tuition for other students. One tuition-payer's advocate says it's a step in the right direction because it "puts pressure" on other institutions to start cutting costs, such as in areas of faculty salaries and "internet services," and adds that schools should operate more like businesses. Sorry for the rant, but that's a crock of shit. Only in America, where everything is supposed to be a saleable commodity, and where education is treated as a consumer product, do people go around saying this kind of crap. Why on earth is "operating like a business" a sensible ideal for a college to aspire to? It's not a fucking business, it's an institution of learning. It's not like a Wal-Mart or a travel agency, okay?
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POPSObama's Worn Out Economic Ideas There is much current political interest in so-called "predatory lending" -- the charging of high interest rates for loans to poor people or to people with low credit ratings. Nothing will be easier politically than passing laws to limit interest rates or make it harder for lenders to recover their money -- and nothing will cause credit to dry up faster to low-income people, forcing some of them to have to turn to illegal loan sharks, who have their own methods of collecting. The underlying reality that politicians do not want to face is that here, too, prices convey a reality that is not subject to political control. That reality is that it is far riskier to lend to some people than to others. That is why the price of a loan -- the interest rate -- is far higher to some people than to others. Far from making extra profits on riskier loans, many lenders have lost millions of dollars on such loans and some have gone bankrupt.
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POPS Voters' Self Defense System Exposes Candidates' Contradictions Project Vote Smart says the Voters' Self Defense System is a culmination of 16 years of research. "We've been slowly, piece-by-piece, putting this together and testing everything," he says, "and we finally completed all of our testing at the end of 2006 with the implementation of our keyword searchable database of public statements from candidates. http://www.votesmart.org/
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