Tag Archives: College

The stories we tell ourselves have great influence over our destiny. These narratives shape our belief system and thus, in turn, the decisions we make.

Find yourself making poor choices? That's likely due to a fallacy in one or more of the beliefs you hold.

Psychology and social science has re-discovered this key learning: We can improve our odds of success in life by improving the stories we tell ourselves.

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• Cyprus bail-out: savers will be raided to save euro in future crises, says eurozone chief
• Spain's central bank offers grim economic forecast
• Mr Yen cautions on Japan's 'unsafe' debt trajectory
• House To Propose College Tuition Increase
• California State Treasurer emphasizes shrinking retirement savings
• Portugal to contract 2.3% in 2013: central bank
• Bernanke rejects competitive devaluation worries
• Cyprus bailout: Banks to stay shut until Thursday
• Recession keeps Italy's banks at risk: IMF

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• Should We Own Our Washing Machines?
• S&P warns of ‘socially explosive’ situation in Spain, Italy and France
• China's Gold Reserves: Watch What They Do, Not What They Say
• Hudak’s PC party would revamp Ontario pensions by raising retirement age
• Culture shock for Amazon chief's son who left rainforest for New York
• Is The "Buy to Rent" Party Over?
• Matt Gurney: Want your education paid for? Take something useful
• Detroit and Cyprus offer debt lessons for budget
• Silver and Gold Purchases: Domestic and Offshore Storage
• Tanker rout reversing as U.S. buys more Middle East oil
• China's Suntech Power in $541m debt default
• Russia, Saudi Arabia hope to emulate U.S. shale boom
• Coal Is the Fuel of the Past and the Future
• Lockheed slashes energy required to desalinate water
• Pentagon weapons-maker finds method for cheap, clean water
• Mike Holmes: Water makes the world go around

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The truth is: The three adult generations in the U.S. are suffering, and their burdens are likely to increase with time. Each is experiencing a squeeze that is making it harder to create value, save capital, and pursue happiness than at any point since WWII. At that point, we were a creditor nation with an economy exploding into dominance on the world stage. Now, however, the U.S. is the largest debtor nation and our economic hegemony is increasingly at seige across a number of fronts.

A continuation of the status quo is a decision to sleepwalk face-first into the constraints hurtling towards us.

Instead, shouldn't we stop fooling ourselves and ask: What should we be doing differently?

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• The Greek Catastrophe: Three Generations of Greek Workers
• Public authorities rack up nearly $250 billion in debt
• European Shares at Multi-Year Highs on Stimulus Hopes
• Analysis – Older French face slow squeeze in pension reform
• U.S. Tells G-7 to Avoid Currency Intervention Except Rare Cases
• China's Ghost Towns: Deserted Cities Raise Fears of Debt Crisis
• Food banks are thriving, much to the government's embarrassment
• Egypt’s fuel shortages demonstrate perfect storm of economic pressures
• Revealed: The shocking true scale of food poverty 
• Report: Record 50,000 homeless now in NYC
• Images of Japan's barren tsunami coast 2 years on
• College could cost over $300k in 10 years
• Wall Street selling junk bonds at record pace
• Why America's middle class is losing ground
• Gross Says Yen to Weaken to 100 Per Dollar on QE Concern

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A Broken Narrative

Recently I was asked by a high school teacher if I had any ideas about why students today seem so apathetic when it comes to engaging with the world around them. I waggishly responded, "Probably because they're smart."

In my opinion, we're asking our young adults to step into a story that doesn't make any sense.

Sure, we can grow the earth's population to 9 billion (and probably will), and sure, we can extract our natural gas and oil resources as fast as possible, and sure, we can continue to pile on official debts at a staggering pace — but why are we doing all this? Even more troubling, what do we say to our youth when they ask what role they should play in this story — a story with a plot line they didn't get to write?

So far, the narrative we're asking them to step into sounds a lot like this: Study hard, go to college, maybe graduate school. And when you get out, not only will you be indebted to your education loans and your mortgage, but you'll be asked to help pay back trillions and trillions of debt to cover the decisions of those who came before you. All while operating within a crumbling, substandard infrastructure. Oh, and by the way, the government and corporate sector appear to have no real interest in your long-term future; you're on your own there.

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• Bernanke says unemployment rate would not return to a more normal level for years
• Kodak to raise prices on digital, conventional plates
• Michelin to raise passenger, LT tire prices
• Clothing prices to rise 10 percent starting in spring
• Thousands of poor Utahns face less help with heating bills
• Tuition rates continue to rise across the board, UCCS included
• School Lunch Prices Increase Tuesday
• Truckers Rally Against Fee, Tax Proposals
• As College Costs Continue to Soar, Students Head Abroad
• U.C. Davis Braces For Cuts
• Crime-Filled Paterson, N.J. Staring At 100-Plus Police Layoffs
• Poverty levels spike in local schools
• Students plan walkouts to protest budget cuts
• Social Security offices across U.S. to protest cuts
• USD Students Rally Against State Budget Cuts To Education
• Delaware Social Services In High Demand Amid Cuts
• House approves stopgap spending bill
• Gold Hits Record High
• Bernanke Unfazed By Gold Standard, Currency History Queries
• Oil prices push past US$98 a barrel after Iran imprisons opposition leaders
• Diesel prices up 14.3 cents in the last week, says EIA
• Supermarkets are raising prices faster than inflation, says UBS

Own the Crash Course Special Edition Set with Presenter’s Pack (NTSC or PAL)

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• Bloggers: The New Financial Media
• Blogger Setser takes post with National Economic Council
• Bill Moyers: Wendell Potter (Video, ex – Health Insurance Media Executive)
• Federal Tax Revenues – Cliff Diving and Data Hiding…(CM Quoted)
• The Ultimate Suckers’s Rally
• FDIC Report & The Top Secret Plan C (Repost)
• Residential Real Estate Inventories (Chart from The Big Picture Blog)
• Residential Real Estate Inventories DOM MOM (Da

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