Archive for January 25th, 2017
What will you tell your daughters about 2016
Tell your daughters of this year, how we woke needing coffee but discovered instead cadavers strewn about our morning papers, waterlogged facsimiles of our sisters, spouses, small children.
Say to your baby of this year when she asks, as she certainly should, tell her it was too late coming.
Admit even in the year we leased freedom, we didn’t own it outright.
There were still laws for every way we used our privates while they pawed at the soft folds of us, grabbed with no concern for consent, no laws made for the men that enforced them.
We were trained to dodge, to wait, to cower and cover, to wait more, still, wait. We were told to be silent.
0:56 But speak to your girls of this wartime, a year preceded by a score of the same, so as in two decades before, we wiped our eyes, laced caskets with flags, evacuated the crime scene of the club, caterwauled in the street, laid our bodies on the concrete against the outlines of our fallen, cried, “Of course we mattered,” chanted for our disappeared. The women wept this year. They did.
In the same year, we were ready. The year we lost our inhibition and moved with courageous abandon was also the year we stared down barrels, sang of cranes in skies, ducked and parried, caught gold in hijab, collected death threats, knew ourselves as patriots, said, “We’re 35 now, time we settled down and found a running mate,” made road maps for infant joy, shamed nothing but fear, called ourselves fat and meant, of course, impeccable.
This year, we were women, not brides or trinkets, not an off-brand gender, not a concession, but women.
Instruct your babies. Remind them that the year has passed to be docile or small.
Some of us said for the first time that we were women, took this oath of solidarity seriously.
Some of us bore children and some of us did not, and none of us questioned whether that made us real or appropriate or true.
When she asks you of this year, your daughter, whether your offspring or heir to your triumph, from her comforted side of history teetering towards woman, she will wonder and ask voraciously, though she cannot fathom your sacrifice, she will hold your estimation of it holy, curiously probing, “Where were you? Did you fight? Were you fearful or fearsome?
What colored the walls of your regret? What did you do for women in the year it was time?
This path you made for me, which bones had to break? Did you do enough, and are you OK, momma?
And are you a hero?” She will ask the difficult questions.
She will not care about the arc of your brow, the weight of your clutch. She will not ask of your mentions.
Your daughter, for whom you have already carried so much, wants to know what you brought, what gift, what light did you keep from extinction?
When they came for victims in the night, did you sleep through it or were you roused?
What was the cost of staying woke? What, in the year we said time’s up, what did you do with your privilege?
Did you sup on others’ squalor? Did you look away or directly into the flame?
Did you know your skill or treat it like a liability?
Were you fooled by the epithets of “nasty” or “less than”? Did you teach with an open heart or a clenched fist? Where were you?
3:17 Tell her the truth. Make it your life. Confirm it. Say, “Daughter, I stood there with the moment drawn on my face like a dagger, and flung it back at itself, slicing space for you.”
Tell her the truth, how you lived in spite of crooked odds.
Tell her you were brave, and always in the company of courage, mostly the days when you just had yourself.
Tell her she was born as you were, as your mothers before, and the sisters beside them, in the age of legends, like always.
3:42 Tell her she was born just in time, just in time to lead.
Patsy Z and TEDxSKE shared a link.
| Student debt has skyrocketed over the past decade, quadrupling from just $240 billion in 2003 to more than $1 trillion today.1If current borrowing patterns continue, student debt levels will reach $2 trillion in 2025.2
Average debt levels have risen rapidly as well: 66% of college seniors now graduate with an average of $26,600 in student loans,3 up from 41% in 1989.4 The rise of this “debt-for-diploma” system over the past decade was largely caused by the sharp decline in state funding for higher education, which has fallen by 25 percent since its peak in 2000.5 |
| However, despite the fact that student debt is now nearly a prerequisite for a college degree, we have not yet fully explored the impact of tying opportunity to debt.Though a college education remains the surest path to a middle-class life, evidence has begun to mount that student debt may be far more detrimental to financial futures than once thought, particularly for those with the highest levels of debt: students of color and students from low-income families.
This brief attempts to quantify just how much these soaring debt levels impact college-educated households’ financial stability over a lifetime. It creates a model using data from the Federal Reserve Board’s Survey of Consumer Finances and other datasets to estimate household debt and assets, comparing the projected debts and assets of a college-educated household with average levels of education debt to a similar household without debt. It finds that, over a lifetime of employment and saving, $53,000 in education debt leads to a wealth loss of nearly $208,000. We can generalize this result to predict that the $1 trillion in outstanding student loan debt will lead to total lifetime wealth loss of $4 trillion for indebted households, not even accounting for the heavy impact of defaults. The model’s prediction of lifetime lost assets due to student debt also understates the impact of education debt on many borrowers in another way. Student debt levels vary widely by both race and family income of graduates; thus, for low-income and minority borrowers, the lifetime cost of student loans will likely be even greater (see the box on the following for more detail). Before we can account for the large differences in debt burdens by race and family income, we need to establish a baseline scenario to examine the lifetime impact of student debt on assets for an average borrower, which is the focus of the model in this brief. Even when we consider this average borrower who (as explained below) saves and accumulates under somewhat ideal circumstances, the lifetime impact of student debt paints an already troubling picture. |
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 he indebted household examined in this brief’s model represents a “best-case” scenario for the wealth loss caused by student debt: as both earners are graduates of 4-year universities, the household is in fact an upper-income household, and its net worth approaching retirement is in the top 15 percent of all households, despite the wealth loss caused by its student debt. Households with higher levels of student debt— ones comprised of students from low-income families, students of color, or for-profit students—will suffer larger lifetime wealth losses due to both their higher debt levels and their other disadvantages. The impact of student debt on these disproportionately-impacted households will be examined in a forthcoming brief.Figure 1 shows the large impact that family income has on the debt levels of college graduates. Seventy-five percent of bachelor’s degree recipients from families with incomes of less than $60,000 graduated with some student loan debt in 2008, compared to just 48% of students whose families earned $100,000 or more. Students from poorer families were also much more likely to graduate with large amounts of debt: 14% of graduates from lower-income families had more than $30,500 in debt, compared to just 9% of students from families who earned $100,000 or more.
Average student debt also varies widely by the race of graduates, as shown in Figure 2. For the class of 2008, 80 percent of African American graduates left school with debt, compared to 67 percent of Latinos, 65 percent of whites, and 54 percent of Asian Americans. African Americans also graduated with higher levels of debt, leaving with an average of more than $28,000 in student loan debt, nearly $4,000 more than the average graduate. Figure 3 shows the average debt levels of indebted graduates by institution type. 2008 graduates of for-profit schools leave with particularly high debt; their $33,050 average is 64% higher than that of indebted public school graduates. |
 o look at the lifetime impact of student debt on assets and net worth, we begin with two young households, nearly identical except that one has student debt and one does not. Each household is dual-headed and college educated, and begins its working life with the average salary, retirement savings, and liquid savings of an average younga dual-headed, college-educated household with and without education debt. Each household purchases a home at 31, the average age of a first-time homebuyer,6 and pays the average price, mortgage interest rate, and down payment of college- educated households with and without student debt, respectively. To determine these initial values, we used the 2010 Survey of Consumer Finances to compute average values for each of the above data points. We then use these initial values, as shown in Figure 4, as the base points of the model. And as the table shows, even early in these young households’ post college lives, the effect of student debt on assets is already becoming apparent.Young college-educated households without student loan debt have already begun to accumulate more retirement savings than similar households with student loan debt. More young debt-free households were also able to purchase homes (though this gap narrows when households in their 30s are considered). Debt-free households purchased more expensive homes, put down a larger down payment, and paid a lower mortgage interest rate than indebted households as well. Households with education debt, however, had higher average incomes than those without, which is consistent with other research on the incomes of young college-educated households.7 This income gap between indebted and debt-free young households is likely due to the influence exerted by the need to repay their debt on their job choices post-graduation, causing them to prioritize a job’s salary over all its other characteristics. However, such research also shows that the incomes education-indebted households quickly fall behind their peers without education debt, likely because the need for indebted households to make consistent monthly payments on their debt causes them to lack the job flexibility and mobility enjoyed by debt-free households. We incorporate this finding into our model as well.
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s the brief shows, the financial pictures for both the indebted and debt-free households are significantly better than an average American household, clearly illustrating the earnings power of a college degree. However, the model also clearly illustrates the damaging impact of student debt, predicting that its impact on the lifetime assets of indebted households will be nearly four times the amount borrowed. Student debt’s financial impact won’t just be felt by the nearly 39 million Americans who currently have student loans,
ll of the figures in the model are expressed in real 2010 dollars in order to maintain comparability with the initial asset and debt values, which were derived from the 2010 Survey of Consumer Finances (SCF). Most of the model’s initial values are derived from the author’s calculations of the Federal Reserve’s 2010 Survey of Consumer Finances, as shown in 
Adonis Diaries 
Notes and comments on FB and Twitter. Part 16
Posted by: adonis49 on: January 25, 2017
Notes and comments on FB and Twitter. Part 16
Our childhood space is a deserted heaven, a temple where our tiny angels and early heroes hover inside. And we love to walk these haunted lands and keep returning to our child model of the world. The worst of existence, the homeless in the heart, is when you cannot claim a single childhood space, didn’t roam enough in a special place
Point d’articulation en prononcant les consonnes: Aerienne (a), Labiale (b), palatale (dental t), alveolaire (interdentale th), cacuminale (j), guttural kh), Linguale (pestdentale r), laterale (dha), uvulaire (kaaf)
It is no longer a matter of Angry While Males in the USA. It is a total lack of confidence in this political system and opaque public institutions. Institutions controlled and run by deep pockets, from health care, education, judicial system and uncontrolled military budget that has turned a deep sink in appropriation and No accountability.
Hillary was the last shot to salvage the US political image compared to Europe in social equitability.
Not sure how Trump is going to convince the people that he means to change the political system in the US and how he is to begin with in the first 100 days. Hopefully he is Not to deal with the immigrants at this stage and tackle the institutions and policies that are the main sources for the US astronomical deficit.
I get bored reading the myths in the “Holy Books“. Would prefer hearing the stories from the sources: Those funny story tellers, with great humor and a wink in their eyes
Hippolyte married Aricie: he passionately loved Phedre. If Phedre admitted that this passion was reciprocated, she would have relaxed and led a happier life.
The US lost an expert and hard working leader and politicians to put her stamp on a reformed rotten political system: She should have told the citizens that she heard their anger at the opaque public institutions and had plans, with her reformist teams, to simplify and render the institutions transparent. The US lost a golden opportunity for any significant reflected reforms.
Someone has to remind Turkey Erdogan that spreading ancient influences by military means is typical of short-term illusions
Erdogan wants to refurbish his ancient illusions, giving wings for the Ottoman empire dreams of still having some influence in the Balkan, the Caucasus, Iraq and Syria
A leader must focus on the 3 essentials: 1. Significantly Reduce violence (physical and in free expressions) 2. Significantly Increase health (physical and mental) 3. Significantly increase the odds for reflective and critical thinking
If you want fair democratic election process then focus on well-being of rural people and simplify and reduce transactions in public institutions
Many nations forced additional taxes on single males. Reproduction was well below expectations: the youth immigrated and the divorces increased with increased loose behaviour in life-style
I see green. Blue looks green in dim light.
It’s a trend: Those who can read, Don’t like to read. Keep re-editing for those who voted Trump
At the end of the day, people sit in front of TV: Contents must be toward more to knowledge than tacit judgement.
I love you too much, My darling I love you, 2albi elek 3etesh, Il faut que tu l’avoue. wa enn eja 7ada 5ayri, ililo Etech, wa a7ro2 deen abouh, Oumi ta na3mel Match, al3aab 5aramiyya
What if it is the country that killed him? One of them collateral martyrs, who was convinced that Being Non political guaranteed safety?
It is easy to live in a community without bridges to the other side. Once a bridge links communities, it is hard to reconcile differences in cultures
There was a time when people wanted to emulate any demi-God. Any of them worthy gods left?
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