Tuesday, December 31, 2013

Happy frigid New Year's Eve with snow.

Looks like we got around 2 inches of fluffy snow overnight.  More coming through some time tomorrow.  Temperatures are in the low single digits right now and not expected to rise very much.  Oh, well--it is winter after all.

Another train crash and fire.  I can't remember a year in which so many derailments have happened.  At least this one didn't blow up the center of a town.

And another take on the student loan fraud.  I call it a fraud because the whole scheme is designed to fleece one group (students) while ensuring the profits of another (financiers).  The borrower cannot get out from under not matter what because the debt cannot be discharged in bankruptcy.  The lender is encouraged to hand out money to any warm body because the government guarantees the loans.  And the students are fed a line of bull by all of our cultural/political leaders that promise the degree is a royal road to prosperity.  I don't know which is worse: debt without degree or debt with a worthless degree.

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