Political Discussion

Indymisanthrope said:
This is a totally nuts business. Is this for real?

Home – Degree Insurance

www.degreeinsurance.co www.degreeinsurance.co



Hard to take them seriously with copy like this:
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Okay, so what it looks like from the Forbes article on their website, this is for universities to purchase and it tries to combat falling admissions in colleges and universities brought on by rising inequality in the US. This is yet another bid for the ever shrinking upper/middle class's dollars by institutes of higher learning. Instead of lowering tuition prices, the university would give students a guarantee of an average salary in the field, and if that doesn't happen, it will pay out--but you have to wait the entire 5 years. My question is, will this company actually be around in 10 years to pay out to these students or will the private equity that's funding this dry up?

www.forbes.com

Augustana College Will Be First In U.S. To Test Income Insurance For Graduates

Augustana College (Illinois) will be the first college in the U.S. to test income insurance for its graduates, The pilot test involves a partnership with Degree Insurance, the company that originated the concept of income - or degree - insurance for college graduates.
www.forbes.com www.forbes.com
 
Ginni Thomas is meeting with the Jan 6th committee today.

Unfortunately, it's a closed door meeting, so I can't watch her get grilled. Shame.
 
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Let's face it.

We are not going to get the student loan debt relief that we need 😭

If Republicans through lawsuits don't destroy it, Biden will himself.
 
Looks like Biden's changes does nothing to appease the GOP or the six Republican led states that sued to block it yesterday. So why did Biden make the change?

This statement pretty much sums up all you need to know of how the GOP feels about student loan debt forgiveness.

“In addition to being economically unwise and inherently unfair, the Biden Administration’s Mass Debt Cancellation is another example in a long line of unlawful regulatory actions. No statute permits President Biden to unilaterally relieve millions of individuals from their obligation to pay loans they voluntarily assumed,” Nebraska Attorney General Doug Peterson’s office said in a news release.
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Yesterday, Putin made the largest land grab since World War II. While the entire world doesn't recognize his land grab and call his actions illegal, the biggest concern is that Putin is pretty much throwing a fuck you to the west saying that Russia would use nuclear weapons to defend all its territories. And Putin considering these regions of Ukraine as Russian territory, he is included them in the areas he would defend with nuclear weapons. Basically telling the west, you will recognize this land grab, and if you don't you could face nuclear war for intervening.
 
RenegadeMonster said:
Yesterday, Putin made the largest land grab since World War II. While the entire world doesn't recognize his land grab and call his actions illegal, the biggest concern is that Putin is pretty much throwing a fuck you to the west saying that Russia would use nuclear weapons to defend all its territories. And Putin considering these regions of Ukraine as Russian territory, he is included them in the areas he would defend with nuclear weapons. Basically telling the west, you will recognize this land grab, and if you don't you could face nuclear war for intervening.
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It’s also Putin so everything is bluff and counter bluff. It’s very difficult to predict what the endgame is here and how far he’s willing to go to enforce it. We also simply can’t stand down in the face of tyrants. Ukraine is going to be messy and protracted but I see our involvement increasing, not decreasing, in the coming months and years.
 
www.cnn.com

Federal judge rules against Abrams-founded voting rights group in Georgia | CNN Politics

A federal judge ruled against a voting rights group founded by Georgia Democratic gubernatorial nominee Stacey Abrams Friday in a challenge to the state's voting laws.
www.cnn.com www.cnn.com

“Although Georgia’s election system is not perfect, the challenged practices violate neither the constitution nor the VRA (Voting Rights Act). As the Eleventh Circuit notes, federal courts are not “the arbiter of disputes’ which arise in elections; it [is] not the federal court’s role to ‘oversee the administrative details of a local election,’” Jones wrote in the ruling.
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Basically, the voting rights act has been gotten by the SCOTUS to the point where there is no legal basis to challenge Georgia's new voting restrictions. Nothing can be done with new laws being passed on the federal level. And of course we know where that stands with Republicans. It should be left to the states...
 


this is 100% not going to result in the outcome conservatives want. In the likely event unSCOTUS rules against big tech we can expect even more stringent censorship as companies will not want to run the risk of liability.

Additionally, one has to wonder what small brain reasons the conservative wing will use to claim the section 230 is unconstitutional considering social media didn’t exist 200+ years ago.
 
epyon415 said:


this is 100% not going to result in the outcome conservatives want. In the likely event unSCOTUS rules against big tech we can expect even more stringent censorship as companies will not want to run the risk of liability.

Additionally, one has to wonder what small brain reasons the conservative wing will use to claim the section 230 is unconstitutional considering social media didn’t exist 200+ years ago.
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I don't understand why you would think that "more censorship" is not the thing that conservatives want. absolutely they want more power in corporate/private hands and more power to censor/censure.
 
I have been following this story, because it's very close to home. Besides Jackson, MS being not that far away from me, I grew up in north MS, and have an understanding of the struggle of every day Mississippians. This is scary because it's a clear case of profits over people and it has disastrous consequences that could cost lives.

In August, clean water stopped flowing from residents’ taps in Jackson, Mississippi. The crisis lasted more than six weeks, leaving 150,000 people without a consistent source of safe water. The catastrophe can be traced back to a decision by a credit ratings agency four years ago that massively inflated the city’s borrowing costs for infrastructure improvements, most notably for its water and sewer system.

In 2018, ratings analysts at Moody’s Investor Service — a credit rating agency with a legacy of misconduct — downgraded Jackson’s bond rating to a junk status, citing in part the “low wealth and income indicators of residents.” The decision happened even though Jackson has never defaulted on its debt.

Moody’s move jacked up the price of borrowing for Jackson, costing the cash-strapped city between $2 and $4 million per year in additional debt service costs — a massive financial roadblock to officials’ plans to fix the municipality’s aging water system. And since the state of Mississippi and the federal government refused to use their powers to address the city’s infrastructure problems, that meant Jackson was essentially powerless to stop the impending catastrophe.
www.levernews.com

Wall Street Is Behind The Jackson, Mississippi, Water Crisis

A major credit rating agency jacked up interest rates in Jackson, Mississippi, curtailing infrastructure investments in the years leading up to the city’s recent disaster.
www.levernews.com www.levernews.com
 
Just watched a piece on on the rate hikes the feds have been making, and someone explaining why they are still making them if interest rates will solve the current causes for our inflation.

And their answer was it's the unsaid elephant in the room. The fed is not going to directly say this, but every economics professional knows that the goal is to increase unemployment. Currently unemployment levels are at 3.5%. The only thing we can do as a country to indirectly affect inflation is to increase our unemployment rate. By getting our unemployment rate up to 6 or 7 percent inflation should start to cool down.

And we are talking about millions of people losing their jobs to make this happen and likely those who are already most hurt by inflation.
 
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