Tag Archives: debt

Unseen Toll: Wages of Millions Seized to Pay Past Debts

Unseen Toll: Wages of Millions Seized to Pay Past Debts
Above: Kevin Evans in his small one bedroom apartment in Springfield, Mo. Evans, who lost income and his home in the recession, is now having his wages garnished by Capital One after falling behind on his credit card payments. (Colin E. Braley/AP Images for ProPublica) A new study provides ... Read more

New Cooperative Refinances Student Debt with Community Funds

New Cooperative Refinances Student Debt with Community Funds
Over the past two decades, the amount of money a college student must borrow to pay for their education has doubled. The graduates of 2014 now sit at the top of the class in student debt. Tuition fees have risen dramatically as household incomes have stagnated, at best, causing some ... Read more

The Lure of Taxable Debt

The Lure of Taxable Debt
Some universities have started forgoing their ability to issue tax-exempt bonds, long considered a benefit of their nonprofit status. Issuing taxable bonds instead makes sense under market conditions that defy conventional wisdom and allows institutions to avoid additional regulations on tax-exempt bonds, according to ... Read more

Borrowing Against the Future

Borrowing Against the Future
America’s higher education system is gaining a reputation for high costs and large inequities. In 2012, the U.S. spent $491 billion on higher education1 and twice2 as much per student than comparable industrialized countries. Where is all that money going? Scholars have offered several explanations for these high ... Read more

Economy slumps, Wall Street booms

Economy slumps, Wall Street booms
Alongside the massive diversion of social wealth to the financial elite, the IMF, World Bank and Fed continue to demand the gutting of past social reforms and protections for workers, in the name of “job creation” and “competitiveness.” Calling for cuts in government subsidies that hold down food and energy ... Read more

Enthusiasm High for a New Economy for Baltimore

Enthusiasm High for a New Economy for Baltimore
With growing recognition that the economy fails to serve the interests of most people, alternative institutions and processes based on economic democracy are beginning to pop up everywhere. This movement points to what is called by some as “the New Economy.” Throughout the country people are ... Read more

Economy conference hits Baltimore

Economy conference hits Baltimore
Paul Jay, CEO of The Real News Network introduced the conference graciously hosting and televising the event in his town hall space A large crowd was very engaged listening intently to the opening plenary comprised of Margaret Flowers (co-director, It’s Our Economy), Diane Bell Mc-Koy (President& CEO. ... Read more