Relevant and even prescient commentary on news, politics and the economy.

Why $10,000 of Student Loan Relief will not Help

I have been bugging Alan at Student Loan Justice to talk more about Student Loan interest, etc. accumulating on these loans. As you can see it is not unusual to accumulate more interest or other costs than the original loan amount. It is also not unusual for the servicer to collect interest before paying down […]

Another view of the student loan debt crisis

I have worked with Alan Collinge and Student Loan Justice Org. for at least a decade on student loan bankruptcy. This article was taken from the Tallahassee Democrat. This article has some numbers on who is impacted, which has been presented, and largely ignored here and other places. United States Senator Elizabeth Warren (D-Mass.) and Senate […]

Corinthian College Inc. Student Loan Debt Forgiveness

Student Loan Debt Forgiveness for half a million students from Corinthian Colleges (cnbc.com) An approximate 560,000 Corinthian College Inc. former students will have their loan balances forgiven as announced by U.S. Secretary of Education Miguel Cardona. “As of today, every student deceived, defrauded, and driven into debt by Corinthian Colleges can rest assured that the […]

The future of COVID-19

It appears that, vaccines nonwithstanding, COVID-19 will be endemic for a long time. Enforcing masking and social distancing/lockdowns are not sustainable in American society. We need engineering fixes that don’t depend on each person’s sense of civic responsibility. Kevin Drum points to two engineering fixes that would dramatically reduce infection rates: better ventilation and installation […]

Review of “The Prophet” by Isaac Deutcher

“Until we are done with the ironies of history (because they will never be done with us), the image of Trotsky will not dissipate.”~Christopher Hitchens I’ve had a lifelong fascination with socialism, communism and the Cold War. This probably springs from having grown up during the Cold War at nuclear ground zero for World War […]

Making the physician sausage

I started teaching medical students in 1988 and have been an instructor and course director for one or more first-year med school courses continuously since 1990. When I started, there were two full years of pre-clinical course-work. Now we’re down to a year and two-thirds and there are plans to shrink further. Some medical schools […]

The politics of student debt forgiveness

Progressives have been pressuring President Biden to forgive student debt using existing administrative authority.  Calls have gotten louder as Democrats become more concerned about their weak position going into the November mid-terms.  Supporters of debt relief point to polls showing support for relief, especially among younger voters that the Democrats need to mobilize.  There are […]