Submitted by Rainbow Girl on Wed, 06/12/2013 - 9:28pm
Luxury high rise condo towers to rise in the open spaces of NYC Housing Projects. Because Wasted Assets! No, seriously. Read below the fold...
Submitted by lambert on Wed, 06/12/2013 - 3:25pm
Traders at some of the world’s biggest banks manipulated benchmark foreign-exchange rates used to set the value of trillions of dollars of investments, according to five dealers with knowledge of the practice. Read below the fold...
Submitted by lambert on Wed, 06/12/2013 - 2:33pm
Yes, the students are still occupying the President's office. Not a lot of news here but the comments are great. Here's one:
I really mean no disrespect to anyone here, however, to say that the school cannot or should not remain free is to say that you are uninformed in this issue. I strongly suggest reading more about it elsewhere, as this is merely a speck of the story. It is the gross mismanagement of funds which has led the school to the situation it is in. The school can remain free and should. It is a beacon of what higher education should be, and to say that "free is not sustainable" is just wrong, when in fact it seems to be the only sustainable model in our country where every 18 year old kid with a dream is slapped down with a massive debt and kept down by this vicious system for their entire life. Cooper Union is the most progressive school in the world and has been ever since Peter Cooper built the foundation building with the entrance facing south, poetically and literally opening the doors of education to the immigrants and working class who, like him, could not afford education. Free education to all may sound a bit impossible but so did the other radical ideas that have been conceived and brought to fruition here, ideas we as a country hold as fundamental values, and all involving freedom (abolishment of slavery, NAACP, and woman's suffragette all had their start at Cooper Union as well as many other crucial movements). I could talk about this all day but should not, so if you are interested in this topic I would suggest reading up on this from all different sources, and I would also check out "The Way Forward" [link] a summary and proposal written by members of the Cooper Union community for a better understanding of the real financial stuff or "Living Within Our Means" written by an engineering professor at Cooper, Toby Cumberbatch [link]
Well, if I were an oligarch, I'd try to destroy Cooper Union, too! Let's be reasonable, here. Read below the fold...
Submitted by DCblogger on Wed, 06/12/2013 - 9:48am
Submitted by letsgetitdone on Wed, 06/12/2013 - 12:56am
Submitted by libbyliberal on Wed, 06/12/2013 - 12:19am
Paul Street in “Power Served, Millions Betrayed” presents the reality of Obama’s conservative neoliberal ideology and takes on the personality-cultish, propaganda-spun good will so many progressives still cling to regarding Obama:
There is, of course, one group of Americans who have clearly not been thrown under the bus by Barack Obama: the very predominantly white corporate and financial elite. Read below the fold...
Submitted by lambert on Tue, 06/11/2013 - 11:05pm
I spent a few hours doing necessary personal stuff that I was also very happy to do. So, I am going to slack off and not answer the question "What is actuarial value and why is it important?" tonight. Instead, I am going to try to straighten out my incredibly screwed up sleep schedule and go to bed early. If any of you would like to take a stab at answering that question in comments, have at it! Read below the fold...
Submitted by Rainbow Girl on Tue, 06/11/2013 - 6:37pm
By Karen Higgins, a registered nurse, via AlterNet, a clear outline of ObamaCare's ugly innards -- shift all costs to patients ("consumers"), aggresively restrict access to health care via various "incentives" (penalties), and, as has been discussed here before, green light insurance products that are prohibitively expensive to purchase and then, prohibitively expensive to use (the ultimate Lemons).
http://www.alternet.org/affordable-care-act?page=0%2C1 Read below the fold...
Submitted by DCblogger on Tue, 06/11/2013 - 4:42pm
Submitted by Alexa on Tue, 06/11/2013 - 4:14pm
Submitted by lambert on Tue, 06/11/2013 - 2:01pm
OK, this is a weird one. I am (old-timers will recall) a train fan, and especially a fan of British steam. (Newer readers will recall that one of the highlights of my stay in Bangkok was being able to read British model railroading magazines I can't get in the States. Chacun à son goût...)
So, YouTube provides a wealth of videos about British steam. (Diesels too, but not so interesting). My question: Read below the fold...
Submitted by lambert on Tue, 06/11/2013 - 1:55pm
Submitted by Rangoon78 on Tue, 06/11/2013 - 12:04pm
"Education is a massive failure of federalism. By the second half of the 20th century, America’s public schools were betraying many of the students in their charge, including the overwhelming majority of poor and minority students. In 2000, 5 percent of African American fourth-graders and 7 percent of their Hispanic peers were assessed proficient in math. Some students were left in dropout factories where teachers and administrators routinely blamed parents for their own overwhelmed incompetence. Read below the fold...
Submitted by Alexa on Tue, 06/11/2013 - 2:30am
[Video Credit: Bloomberg]
Anytime that a Bloomberg show host begins an interview with: "The business community--are they popping the champagne corks when they saw this bill?"
And the interviewees' answer is: "I think they're cautiously optimistic."
It gives me a little pause. ;-) Read below the fold...
Submitted by DCblogger on Tue, 06/11/2013 - 12:50am
THANK YOU! fundraiser is closed due to swift and generous support of readers! I look forward to a day at the laundromat and clean clothes! Read below the fold...