Debt collectors cashing in on student loans — from the New York Times by Andrew Martin

Excerpt (emphasis DSC):

…many borrowers are struggling to pay off their student loans, and the debt collection industry is cashing in.

As the number of people taking out government-backed student loans has exploded, so has the number who have fallen at least 12 months behind in making payments — about 5.9 million people nationwide, up about a third in the last five years.

In all, nearly one in every six borrowers with a loan balance is in default. The amount of defaulted loans — $76 billion — is greater than the yearly tuition bill for all students at public two- and four-year colleges and universities, according to a survey of state education officials.

In an attempt to recover money on the defaulted loans, the Education Department paid more than $1.4 billion last fiscal year to collection agencies and other groups to hunt down defaulters.

 

From DSC:
Administrators throughout the country need to ask, how can we cut the price of our degrees by 50% or more?  No kidding!  I realize that sounds crazy, but if we don’t do this, cheaper — and increasingly attractive/convenient — alternatives will continue to develop. The conversation is not moving in a positive direction folks.
  There is a limit to people’s incomes and patience here.

More than 16 million U.S. children currently live in food insecure households, according to the U.S. Department of Agriculture (USDA). These families too often confront a painful choice—pay bills, provide shelter, or put food on the table. To address this increasing need, nonprofits, foundations, government, and corporations must work together to make sure more children have access to the safety net programs that can provide them with the food they need to thrive.

 

—  Collaboration and Partnerships: The Path to Ending Child Hunger
Neil Nicoll, YMCA of the USA – Posted August 27, 2012

Also see:

 

Key findings from Executive Excess 2012: The CEO Hands in Uncle Sam’s Pocket — from the Institute for Policy Studies by Sarah Anderson, Chuck Collins, Scott Klinger, Sam Pizzigati

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Executive Excess 2012

Key findings:

  • Of last year’s 100 highest-paid U.S. corporate chief executives, 26 took home more in CEO pay than their companies paid in federal income taxes, up from the 25 we noted in last year’s analysis. Seven firms made the list in both 2011 and 2010.
  • The CEOs of these 26 firms received $20.4 million in average total compensation last year. That’s a 23 percent increase over the average for last year’s list of 2010’s tax dodging executives
  • The four most direct tax subsidies for excessive executive pay cost taxpayers an estimated $14.4 billion per year—$46 for every American man, woman, and child. That amount could also cover the annual cost of hiring 211,732 elementary-school teachers or creating 241,593 clean-energy jobs.

 

From DSC:
Considering our corporations are sitting on $1.X trillion, where is our nation’s heart? Priorities? Care for fellow mankind? It seems the “every man for himself” philosophy and manner of living is alive and well here in America. My alma mater would be proud — it’s their philosophy exactly.

 

 

http://www.futurict.eu/

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Project summary for FuturICT

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Also see:

  • Scientists aim to predict the future with $1 billion Earth simulator — from dvice.com
    Excerpt:
    Imagine what would happen if you had a computer program that could take in data from sensors everywhere on Earth and then plug that data into a detailed simulation for the entire Earth all at once. If you’re imagining being able to predict the future, you’re imagining correctly, and E.U. researchers want to make it real.The Living Earth Simulator is a billion-dollar proposal to spend ten years developing a computer environment that can simulate everything. And not just simulate, but also explore predictive models of how everything going on in the world interrelates with everything else, deriving connections and correlations that we never knew existed.

    In order to get that billion dollars, the Living Earth Simulator has to beat out four other future and emerging technologies projects that are all trying to win funding from the European Commission.

 

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9 Signs We Have a “Boy Crisis” — collegestats.org

Excerpt (emphasis DSC):

The term [boy crisis] refers to the country’s seeming dilemma of underdevelopment and academic underachievement in young males. Although the issue began to surface as far back as the ’80s, some have held firm in their refusal to acknowledge a reason for concern for our next generation of men. But to us, the tell-tale signs are there to prove American society has a serious problem.

 

From DSC:
I care about this topic for a number of reasons, but I’ll just mention a few here:

  1. It involves our nation’s future.
  2. I believe we’re all in the same boat together; no person is an island.
  3. I also find it relevant because it clearly points out that boys/young men are not enjoying their learning experiences. Surprised?! I doubt it. The problem is that such an aversion to learning increasingly bodes poorly in terms of being able to remain employed over the long term.

I have a couple of thoughts about potential reasons why this might be occurring…but what do you all think about this topic?


 

 

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The decline of US manufacturing jobs and living standards — from bbc.co.uk by Jonny Dymond BBC News, Michigan

Excerpt:

For decades America’s vibrant manufacturing sector provided poorly educated workers a bridge to the middle class. But today’s plants need highly skilled workers who know their way around ultra-high tech machinery.

From DSC:
While manufacturing levels are back up, unemployment rates continue (McAfee, 8/8/12 –> “But new manufacturing facilities in America and elsewhere today don’t need large numbers of hard-working-but-unskilled workers; they need small numbers of hard-working-and-highly-skilled ones.”).

I have a feeling the middle class is going to continue to shrink here in America, unless we can reinvent ourselves. But reinventing ourselves requires that people learn about new things — something much more feasible if people like to learn. 

Upon graduating high school, do our students like to learn? Upon graduating college, do your students enjoy learning about new things? If not, how can we make learning more engaging and enjoyable?  That’s imporant these days because there”s no more hopping on the corporate bandwagon for 40 years and then retiring with a nice pension/401(K) plan.  All of us will need to “go back to our drawing boards” many times during our lifetimes now.

 Also see:

 

 

13-foot 12,000-pound mechanized robot suit now for sale in Japan — from venturebeat.com by John Koetsier

Also see:

and:

 

Enormous 13 foot tall, 4 ton robot

 


 

From DSC:
These items cause me to reflect yet again on the state of our hearts...as it doesn’t take much to think of the next steps in terms of using such robots as instruments of war. Do you think I’m stretching a bit too far here?  How about after considering the following interactive visualization that Google just created?

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Small Arms Trade Graphic by Google - August 2012

 

Addendums:

 

The Future of Work
When machines do your job — from  TechnologyReview.com by Antonio Regalado
Researcher Andrew McAfee says advances in computing and artificial intelligence could create a more unequal society.

Excerpt:

Are American workers losing their jobs to machines?

That was the question posed by Race Against the Machine, an influential e-book published last October by MIT business school researchers Erik Brynjolfsson and Andrew McAfee. The pair looked at troubling U.S. employment numbers—which have declined since the recession of 2008-2009 even as economic output has risen—and concluded that computer technology was partly to blame.

Advances in hardware and software mean it’s possible to automate more white-collar jobs, and to do so more quickly than in the past. Think of the airline staffers whose job checking in passengers has been taken by self-service kiosks. While more productivity is a positive, wealth is becoming more concentrated, and more middle-class workers are getting left behind.


Below are but a few examples that focus on money — is it any wonder that Jesus talked so much about this very subject!?!
(Second only to talking about the kingdom of heaven.)


 

 

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Addendum on 7/23/12:

  • Wealthy hiding $21 trillion in tax havens, report says — from cbcnews
    ‘Debtor countries’ are actually wealthy when hidden money is accounted for

    Excerpt:

    The “super-rich elite” are hiding more than $21 trillion US in tax havens around the world, an amount roughly equal to the combined GDP of the United States and Japan, according to a new report.

From DSC:

People who have a great deal of power and/or money — no matter whether that be within an organization or simply out in society at large — have a responsibility to use such gifts and positions wisely.

Besides the word responsibility, other words come to my mind such as: Stewardship, accountability, service/serving, listening, and praying for the LORD’s counsel re: how best to use these positions and gifts to make positive contributions to society.

 

The Service Patch — from The New York Times, OP-ED piece by David Brooks

Let’s put it differently. Many people today find it easy to use the vocabulary of entrepreneurialism, whether they are in business or social entrepreneurs. This is a utilitarian vocabulary. How can I serve the greatest number? How can I most productively apply my talents to the problems of the world? It’s about resource allocation.

People are less good at using the vocabulary of moral evaluation, which is less about what sort of career path you choose than what sort of person you are.

In whatever field you go into, you will face greed, frustration and failure. You may find your life challenged by depression, alcoholism, infidelity, your own stupidity and self-indulgence. So how should you structure your soul to prepare for this? Simply working at Amnesty International instead of McKinsey is not necessarily going to help you with these primal character tests.

Furthermore, how do you achieve excellence? Around what ultimate purpose should your life revolve? Are you capable of heroic self-sacrifice or is life just a series of achievement hoops? These, too, are not analytic questions about what to do. They require literary distinctions and moral evaluations.

When I read the Stanford discussion thread, I saw young people with deep moral yearnings. But they tended to convert moral questions into resource allocation questions; questions about how to be into questions about what to do.

 

Also see:

Excerpt:
If you’re in college, or happen to be about to graduate, and you’ve been mocked for getting a liberal arts degree, here’s a piece of welcome news: You’re actually in more demand than those who are getting finance and accounting degrees. That’s one of the findings of a new survey of 225 employers issued today by Millennial Branding and Experience Inc.

 

From DSC:
My thanks to Mr. Will Katerberg, Dir. Mellema Program and Professor of History at Calvin College, for these resources

 

Six things to know about the robots in your future — by futurist Richard Worzel, C.F.A.

Excerpt:

Accordingly, we’re about to be surprised, for real robots and their non-physical counterparts, computer intelligences, are about to enter our lives in a very real way. And initially at least, our reactions to them are likely to be that they are either creepy, or infuriating. Let’s start with the ways in which we are likely to encounter robots and computer intelligences, and then let me move on to where the evolution of robots is headed.

Also see Richard’s The Innovation Revolution

Excerpt (emphasis DSC):

We are standing at the edge of the next revolution, one that will shake the foundations of the corporate world. It will both create and destroy jobs, and build and decimate organizations, and at speeds that will catch people – and organizations – by surprise. The winners will be those who foresee what’s ahead, think clearly about how to take advantage of these emerging trends, and act decisively. We are witnessing the end of “business as usual” in any sense of the phrase.

In the corporate world, we tend to think of innovation as a corporate process. It typically involves a team looking for improved ways of doing things the organization already does, then implementing them to increase the corporation’s profitability, or competitive advantage, or both.

Yet, one long-term trend is clear, undisturbed, and will be markedly disruptive: power is devolving from large organizations to individuals and small groups.

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5 hot startups using tech for good — from Mashable.com by Lauren Hockenson

Excerpt:

In our social entrepreneurship series, The World at Work, Mashable interviews the faces behind the startups and projects that are working to make a global impact.

By harnessing the power of the web and digital technology, these companies have built a way for companies to commit to charity, made electric cars affordable and offered a new way for people to rally around political issues. While the companies are diverse, they are all on a mission to change our lives for the better and improve society.

Also see:

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The 10 poorest high schools in the U.S. — from Online Universities by Staff Writers

Excerpt:

Anyone who has ever read any of Jonathan Kozol’s books, such as Death at an Early Age, Amazing Grace, Savage Inequalities, or Shame of the Nation, cannot help but be affected by the portrayal of the inhumane conditions under which students and teachers in some of the nation’s poorest schools are expected to learn. There are shootings in the streets outside, no heat or air conditioning, crumbling ceilings and walls, classes housed in closets and trailers, overcrowding, malnourished and homeless students, and every dehumanizing condition you would imagine in a Third World country — right here in the U.S. Yet every year, a few students from these schools manage to graduate and find their way to college. This can only be accomplished by the dedication of teachers who choose to work in terrible conditions, for little pay, and who often receive criticism or outright scorn for their efforts.

Mr. Kozol hasn’t written a book since 2007 — even the most dedicated activists and educators grow old — but there has been little change for the better in the poorest schools in this country since then. In fact, with the recent economic downturn, conditions are likely to have gotten worse in many of them. In keeping with the spirit of Kozol’s work to shed light on the plight of students and teachers laboring under terrible conditions, here is a look at the 10 poorest schools in the U.S.

 

Also from DSC:
I want to add the following thoughts…which I was going to post at some other time, but I thought that these reflections were very relevant to the above item.

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We’re all in the same boat together.

If we invest in programs like providing homes for the homeless, early start programs, and in helping families with daycare and additional education-related resources, we can reap the harvest of those investments for years down the line.  As a more immediate benefit, teachers can have a chance to address the entire class, not just the 4-5 students who require most of their attention.

I was struck by the truths expressed in the excerpt below concerning ed reform from John Holland (and The Future of Teaching blog) “Breaking Cycles is What I Do” (emphasis DSC):

I have seen it with the families of children I have taught in Head Start. Cycles are broken when you focus on more than just test scores. They are broken when you support the whole family overcome the challenges of poverty. Head Start uses an overlapping service delivery system that ensures that children and families are getting what they need to be successful. The same thing could happen with teachers. If we only measure test scores and we only evaluate teachers on test scores we will never see the whole picture. We need to look at the overlapping systems that have created the education we are delivering now. We need to look at teacher prep, professional development, compensation, testing rationale, working conditions, preparedness of students, technology, commitment from families, funding, unions, and societal expectations. We can break this cycle of ineffective reform if we look at the overlapping systems and start to manipulate them to do one thing — support student learning and teacher effectiveness. It needs to be an overlapping effort, not just teachers, not just foundations, not just policy makers, not just students and parents, not just corporations, not just you and not just me. (And just to be clear, public rating of educators as is happening in New York is not about student learning or teacher effectiveness.)

It can be done though.

This is why I am so passionate about Teaching 2030 and the progress we are making to change how educational policy gets made and the value of teachers in the process. Here is a brief clip of my perspective on the topic.

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