Student loans have seen almost 157 percent in cumulative growth over the last 11 years. By comparison, auto loan debt has grown 52 percent while mortgage and credit-card debt actually fell by about 1 percent, according to a Bloomberg Global Data analysis of federal and private loans. All told, there’s a whopping $1.5 trillion in student loans out there (through the second quarter of 2018), marking the second-largest consumer debt segment in the country after mortgages, according to the Federal Reserve. And the number keeps growing.
More than 44 million Americans owe a total of $1.5 trillion in student debt, making it the second-largest liability on the national balance sheet. A generation ago, student debt was a relative rarity, but for today’s students and recent graduates, it’s a central fact of economic life that we don’t know much about. Mapping Student Debt is changing that. The maps below show how borrowing for college affects the nation, your city, and even your neighborhood, giving a new perspective on the way in which student debt relates to economic inequality.
“We walked outside the Capitol Building, and we looked at each other, and said, ‘What now?” said one of the women, Dawn Penich-Thacker, a mother of two boys in public school and a former army public information officer. “We had been fighting this for four months. We realized that there’s something we can do about it. It’s called a citizens’ referendum. We said, ‘Let’s do it.’”
According to the FBI affidavit that led to the indictment of Elena Alekseevna Khusyaynova last week, Khusyanova managed the financing of the organizations under the Project Lakhta umbrella and funneled $35 million to various entities to fund social media and propaganda operations. These activities in the US included covering the expenditures of “activists,” purchasing advertisements on social media platforms with faked US identities, operating proxy servers in the US, and “promoting news postings on social networks.”
Longing for Closure (Bob W.)
Columnists on both sides are trumpeting their analyses of the charges and hearings as proving one of those points of view. They don’t.
Some Dems are talking about impeaching the judge. That will only make sense after they produce some hard, corroborated evidence to support one or more of the allegations. (Though as Congress proved with Clinton, they can impeach for anything.)
The Trump Bump in Stocks Is Weakening (jdargis)
Concerns about higher interest rates, Mr. Trump’s trade policies and slower economic growth outside the United States have weighed heavily on stocks this month. The Standard & Poor’s 500-stock index is down 5 percent in October and sits 5.6 percent below its record high in September.
OPEC+ To Extend Its Oil Cooperation Agreement (Michael S.)
According to Saudi Arabia’s energy minister, OPEC and its allies are aiming to cut an ‘open-ended’ cooperation deal to help control global oil supply
Arguably, Russian oil production comes not due to the government’s policies, but actually despite them. Therefore, if the country chooses to embrace modern principles of state regulation and opens its oil and gas industry to foreign competition, domestic output levels will almost certainly be free to continue to grow, and quite significantly.
Nevertheless, “the reality of this is that it’s like a major war. The next 20 years are going to be pretty bad, from a climate perspective,” Aines said, mirroring the findings of the latest IPCC report: that any increase in global temperatures will only worsen the impacts from extreme weather patterns already being felt. And while Aines still believes that “we’re going to figure things out,” what’s now clear is that we only have a dozen or so years to actually do so.
The Everglades watershed once included more than 1 million hectares of wetlands, sawgrass plains, and tree islands across southern Florida, but agriculture and human settlement have shrunk that habitat by half. Phosphorus from agricultural runoff has killed sawgrass that thrives in the Everglades’ naturally low-phosphorus conditions. In its place, dense cattail habitats have sprung up, choking off water access for animals and birds. Eighty plant and animal species in the larger region are now threatened or endangered.
Gold & Silver
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