A generation ago, Congress privatized a student loan program intended to give more Americans access to higher education. In its place, lawmakers created another profit center for Wall Street and a system of college finance that has fed the nation’s cycle of inequality. Step by step, Congress has enacted one law after another to make student debt the worst kind of …
Welcome, to the radio magazine that brings you news, commentary and analysis from a Black Left perspective with Glen Ford and his co-host, Nellie Bailey.
– The number of charter schools has grown by leaps and bounds under President Obama and his so-called “Race to the Top” program. A new book is out, called the “Charter School Report Card,” authored by Dr. Shawgi Tell, a professor of Education at Nazareth College, in Rochester, New York. He says charter schools “lower the quality of education through privatization and marketization of schools.” Charter school boosters claim they provide better educational results. But Dr. Tell says there’s little evidence to support that.
– The number of young people put behind bars in the United States has gone down by 50 percent in the past decade. However, despite the overall decline, the disparity in Black youth incarceration has gone UP 15 percent over the past ten years. Josh Rovner, of The Sentencing Project, is author of a new report titled “Racial Disparities in Youth Arrests and Commitments.” We asked Rovner why the general rate of youth incarceration has gone down so dramatically.
– Skyrocketing student debt has emerged as a big campaign issue this presidential election season. Darletta Scruggs, of the Socialist Alternative Party, is helping put together plans for a Million Student March. Scruggs was recently interviewed on Your World News, by host Solomon Commisiong.
– A huge cache of leaked documents from a Panama bank showed that many world leaders, their families and associates are hiding billions of dollars in offshore banks. Wealthy Americans were not prominent on list, but that’s because it’s easy to hide money right here in the U.S., in states like Delaware. Chuck Collins is a senior scholar at the Institute for Policy Studies, in Washington. He wrote an article titled, “Panama Papers Expose the Hidden Wealth of the World’s Super-Rich.” Collins says different kinds of millionaires and criminals have different kinds of illicit banking needs.
– Mark Weisbrot is co-director of another progressive Washington think tank, the Center for Economic and Policy Research. Weisbrot keeps a keen eye on Latin American developments. He says that, back in 2009, Secretary of State Hillary Clinton claimed that the military overthrow of the elected president of Honduras was, somehow, NOT a coup.
This September, millions of young Americans will start college, but at what cost? Each year, the collective student loan debt skyrockets as tuitions continue to rise and graduates compete for scarce jobs with stagnant wages. From 2011 to 2013, the amount of debt held by recent graduates increased a whopping 20 percent, reaching a total more than $1.2 trillion. While Americans struggle to …
Today, Gary delivers the latest in health and healing, including ultrasound healing wounds fast and fighting infection, algae quinoa and legumes as alternative protein choices, and seek a variety of fiber sources for best health. Then, a variety of topics including which private prison company made $1.7 billion in profit last year? Also, how student debt impacts the lives of young Americans. And much more.
On Friday we asked if the student debt bubble was about to witness its 2007 moment. In July of that year, all three ratings agencies turned aggressively negative on subprime-related MBS and their collective actions triggered a pre-crisis crisis in Canada where billions of asset-backed commercial paper stopped rolling in August, offering those who were inclined to take notice a window …
Updates on Bernanke’s new big-bucks finance job, GM avoids billions in victims’ claims for faulty ignitions, Seattle capitalist raises all workers to minimum $70k/yr, Americans’ self-delusion on inequality, private profit trumps public policy, and anti-student-debt activism. Responses to listeners: impact on China if capitalism’s relocation stopped. Major discussions of economics of wages and prices, narrowness of economics education, and basic global economic development issue.