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Rupert Murdoch's Big Con
Bruce Page flays a servile new bio of Rupert Murdoch. He’s touted as the mightiest press baron on the planet, but his reputation is bogus, his entire career built on servicing the powerful, just like his father Keith who waged an anti-Semitic campaign against one of Australia’s greatest heroes. The second part of Paul Craig Roberts’ outline of economics: the myths of “free trade”. PLUS Vicente Navarro probes the front-runner as our next Surgeon General, Dr Sanjay Gupta of CNN, a stooge for the drug companies, an ignoramus about public health and a sworn foe of a single payer health system. Get your Legacy Edition today by subscribing online or calling 1-800-840-3683 Contributions to CounterPunch are tax-deductible. Click here to make a donation. If you find our site useful please: Subscribe Now! CounterPunch books and gear make great presents.
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Today's Stories February 9, 2009 Vicente Navarro February 6-8, 2009 Alexander Cockburn Ishmael Reed James Abourezk William Blum Patrick Cockburn Henry A. Giroux Manuel Garcia, Jr. Mouin Rabbani David Yearsley Saul Landau Jules Rabin Raymond J. Lawrence Janette Habel Dave Lindorff Missy Beattie Dale Gieringer John Ross Richard Rhames Bob Wing Robert Bryce David Macaray James L. Secor Jason Flom / Norm Kent Kim Nicolini Lorenzo Wolff Poets' Basement Website of the Weekend February 5, 2009 Michael Mandel Saul Landau / Ralph Nader Robert Bryce Russell Mokhiber Sameh Habeeb / Dave Lindorff Carmelo Ruiz-Marrero George Ochenski Website of the Day February 4, 2009 Arno J. Mayer Paul Craig Roberts Patrick Cockburn Jonathan Cook Fred Gardner Stan Cox Margaret Kimberley Lawrence Velvel Dave Lindorff Doug Giebel Serge Quadruppani Website of the Day February 3, 2009 David Price Bill Moyers Kirkpatrick Sale Conn Hallinan Peter Morici George Ciccariello-Maher Muhammad Idrees Ahmad Allan Nairn Norman Solomon David Macaray Website of the Day February 2, 2009 Uri Avnery Ralph Nader Gareth Porter Paul Craig Roberts Harvey Wasserman Rannie Amiri Cal Winslow Steve Early Alan Farago Diane Farsetta January 30 / February 1, 2009 Alexander Cockburn Michael Hudson Ismael Hossein-Zadeh Dave Lindorff Saul Landau Andy Worthington Subcomandante Marcos Robert Jensen Ron Jacobs Gareth Porter Allan Nairn Laura Carlsen Rev. William E. Alberts Christopher Brauchli Jules Rabin Col. Dan Smith Missy Beattie Tom Barry J. Michael Cole Manuel Garcia, Jr. Dan Bacher David Rosen Don Monkerud Binoy Kampmark Lorenzo Wolff David Yearsley Poets' Basement January 29, 2009 Peter Linebaugh Paul Craig Roberts Riz Khan M. Reza Pirbhai Wajahat Ali Gregory Vickrey Dina Jadallah-Taschler Alison Weir Alan Farago Walter Brasch Website of the Day
January 28, 2009 Norman Finkelstein Noam Chomsky Patrick Cockburn Rob Larson George Wuerthner Allan Nairn M. Junaid Stefan Simanowitz Charles R. Larson Website of the Day January 27, 2009 Winslow T. Wheeler Yigal Bronner / Joshua Frank Jordan Flaherty Ralph Nader Rev. José M. Tirado Benjamin Dangl Russell Mokhiber Martha Rosenberg C. G. Estabrook Website of the Day January 26, 2009 Paul Craig Roberts Deepak Tripathi Vijay Prashad Peter Lee Allan Nairn Uri Avnery John Sayen Dave Lindorff Lawrence R. Velvel David Macaray Roger Burbach Norman Solomon Website of the Day January 23 / 25, 2009 Alexander Cockburn P. Sainath Patrick Cockburn Saul Landau Sasan Fayazmanesh Alan Farago Christopher Brauchli Andy Worthington Ron Jacobs Lawrence Velvel Henry A. Giroux David Yearsley Raymond F. Gustavson Dave Lindorff Roberto Rodriguez Dina Jadallah-Taschler Fidel Castro J. Michael Cole Bob Fitrakis / Ramzy Baroud Mohammad Ali Shabani Richard Rhames Stephen Martin Lorenzo Wolff Kim Nicolini Poets' Basement Website of the Weekend January 22, 2009 Paul Craig Roberts Kathy Kelly Allan Nairn Lawrence Velvel Andy Worthington Peter Morici Joseph G. Davis Adriana Kojeve Benjamin Dangl Website of the Day January 21, 2009 Gabriel Kolko Harry Browne Michael Colby Lawrence R. Velvel Audrey Stewart Wajahat Ali Binoy Kampmark David Kεr Thomson John Ross Allan Nairn Sheldon Richman Website of the Day January 20, 2009 Chuck Spinney Kathy Kelly Raymond Deane Ralph Nader Audrey Stewart Jonathan Cook Harvey Wasserman Christopher Ketcham Robert Jensen Dave Lindorff David Macaray |
February 9, 2009 Out of SightCan You Afford College?By NICOLE COLSON The conventional wisdom is that getting a college education is part of the "American Dream"--and a prerequisite to a good job and successful career. But as the recession deepens, more and more students are finding it difficult or even impossible to pay for school--and higher education is becoming more a preserve of the haves in U.S. society than it has been in several generations. Some are forced to scramble for alternative sources of income--in the form of extra jobs, scholarships or loans. Others, finding themselves caught in the "credit crunch" and suddenly deemed by banks to be an unacceptable risk, are being cut off from student loans. And parents who might have been able to rely on the value built up in their homes to help pay for their children's college costs are finding themselves without options. Meanwhile, as states balance budgets by cutting higher education funding, and colleges and universities see their endowments shrink, a growing number of schools are depending on higher tuition and fees to make up for budget shortfalls. Thus, a UCLA survey of 240,000 incoming four-year college students compiled between April and October of last year found that even before the worst of the recession, students were feeling financially strapped. Just under half of those surveyed planned to get a job to meet expenses during college--the highest figure in the 32 years that the survey has asked the question. In addition, the percentage of students attending their first-choice college dropped to a 34-year low of 61 percent. More than 17 percent of students were accepted by their first-choice school, but chose somewhere else instead. The proportion of students who said that what they were offered in financial aid played a "very important" or "essential" role in their college choice increased to 43 percent--also the highest recorded figure for that question. The survey also survey found that 8 percent of students attending four-year institutions were expecting to work full-time--again, the highest figure in the study's history. Meanwhile, tuition and fees are skyrocketing at schools that receive public funding. In California, for example, Gov. Arnold Schwarzenegger's proposed budget would raise university fees around 10 percent. Florida Gov. Charlie Christ is trying to give several state schools more power to raise prices. And universities in both states plan to cut enrollment slots. Meanwhile, "other states could not wait until fall and have passed unusual midyear increases, including a staggering 14-percent increase in New York," the Associated Press reported. For students at New York's public colleges, this translates into a $600 tuition increase, at the same time that funding for the State University of New York (SUNY) and City University of New York (CUNY) is being cut by $348 million. In addition, New York Gov. David Paterson has proposed cutting $47 million from the state's need-based grant program, the Tuition Assistance Program, and making requirements for assistance stricter. Under the proposal, students would be required to take more course credits--15 instead of nine--to receive full assistance. This comes on top of the fact that state aid to SUNY's four-year colleges and graduate schools had already fallen by 5 percent per student since the early 1990s--and CUNY funding was down by 14 percent. Nationwide, applications for federal student aid for the current academic year are running 10 percent above last year's record-setting number, according to the Department of Education. "The financing system for college is in real crisis," Barmak Nassirian, associate executive director of the American Association of College Registrars and Admissions Officers, told the Associated Press. "Every one of the participants in the system is experiencing hardship--higher education institutions, states, aid donors and families all are cash-strapped." * * * THINGS WERE bad enough before the crisis hit. College costs have risen more than 400 percent since the 1980s. In 2008, the average student graduated with more than $20,000 in loan debt. Additionally, the amount of unregulated private student loans that families have taken on has more than tripled in the past five years, and nearly one in 10 college students has loans with interest rates that are as high as 20 percent. As author Nan Mooney notes:
According to a National Center for Public Policy and Higher Education report released in December, the cost of attending college has risen nearly three times faster than the cost of living--and could eventually put higher education out of reach for most Americans. "College tuition continues to outpace family income and the price of other necessities, such as medical care, food and housing," the center said. Adjusted for inflation, college tuition and fees rose 439 percent from 1982 to 2007--a bigger increase than in medical care, housing and food expenses, according to the report. Median family income rose just 147 percent during the same period, the report said. "The nation's colleges and universities have become less affordable for students and their families since the early 1990s," said the report. "This year continues the trend in deteriorating college affordability in the majority of states." For poor and working-class students, the situation is especially bleak. According to the report, "On average, students from working and poor families must pay 40 percent of family income to enroll in public four-year colleges. Students from middle-income families and upper-income families must pay 25 percent and 13 percent of family income, respectively." In addition, students who enroll in college are taking on more and more debt in order to stay there. "Over the last decade, borrowing has more than doubled," the report said. * * * THAT IS, of course, when students can borrow at all. Not only are more and more students finding themselves mired in debt after graduation as they face a bleak job market, but one side effect of the financial crisis has been that many banks have suddenly stopped or severely curtailed lending to students. According to Finaid.org, a Web site that tracks the student loan industry, some 60 private lenders provided $19 billion to students in 2008. In the wake of the economic crisis, however, 39 of those have now stopped lending to students--and the remaining lenders have made it harder to borrow. According to Mooney:
Community colleges and other two-year institutions are traditionally an option for working-class students and "non-traditional" students (often older students, already working full- or part-time, returning to school in an attempt to start a new career) who often are unable to afford tuition at a four-year college. And while community colleges spend less per student compared to other types of colleges, they have cut spending the most sharply as government aid has declined. "Students are paying more, and a greater share of the costs, but are arguably getting less," Jane Wellman, executive director of the Delta Project on Postsecondary Education Costs, Productivity and Accountability, told the New York Times. For students like Elizabeth Lalasz, who attends Chicago's Truman College, suddenly being cut off from loans can throw an entire academic career in jeopardy. Lalasz, a first-year student in the associate's degree nursing program, knew that money would be an issue when she was accepted in May, and she began filling out her financial aid paperwork. Since Stafford loans--the federal loans that are generally an alternative for those who can't qualify for Pell grants (need-based grants for very low-income students)--weren't available through Truman College, Lalasz was forced to look to a private lender. But when Lalasz went to her bank, JPMorgan Chase, she was informed that it no longer handles loans for students at Truman. As she said in an interview:
As it turns out, Chase isn't alone in restricting lending to students at two-year colleges. The New York Times reported in June that:
Students are left scrambling to find alternatives when their expected funding fails to materialize. In California, for example, tens of thousands of students were forced to look for other lenders when Citigroup suddenly stopped making loans to students at all the community colleges in the state. * * * IN LALASZ'S case, her bank recommended that she look for a student loan from Wachovia--which was then about to go bust. Then, Chase offered to come through on a personal loan--but, as Lalasz noted, it would require immediate repayment at a higher interest rate, as opposed to student loans, under which repayment is deferred until school is finished. "I said, 'But the whole point is I don't want to work full time and go to school, so how am I supposed to pay you back?'" she said. "He just sort of stared at me and then offered the Wachovia option again, and then subsequently went on to say that he would offer me a deal on my credit card." Such "choices" are becoming the norm. As Jacqueline K. Bradley, assistant dean for financial aid at Mendocino College in California, told the New York Times, "If we put too many hurdles in [students'] way to get a loan, they'll take a third job or use a credit card. That almost guarantees that they won't be as successful in their college career." As Lalasz put it:
Because of the intensity of the nursing program in the second year, Lalasz doesn't think working while going to school is an option. For now, it seems, the only alternatives left are finding someone to cosign a loan or a family member to borrow from. In Lalasz's case, although her mother was willing to cosign a loan, "The loans on offer that potentially we could get are Sallie Mae loans, which is a frightening prospect--and your credit has to be incredible, even to get a loan with a cosigner," she said. Instead, her mother hopes to lend her a portion of her retirement income--which is based on her husband's pension from his time as a Wisconsin public schoolteacher. However, even that could be in jeopardy. As Lalasz explained:
As Lalasz summarized:
If college is supposed to be a stepping-stone to the American Dream, what many of today's college students face is more of a nightmare. Nicole Colson writes for the Socialist Worker. |
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