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35116 student loan burden -- rank: 1000

[The report is at <http://nces.ed.gov/pubs2000/2000188.pdf>.] Chronicle of Higher Education - web daily - July 28, 2000 Most Student Borrowers Pay Off Loans Within 4 Years, Study Finds By VASUGI V. GANESHANANTHAN A federal report on students' debt burden shows that most students have either paid off their loans or are on track to do so four years after they graduate. Not surprisingly, however, low-income students had the toughest time, according to the study, which was released Thursday. T ...

Document Size:	6643
Author:	Doug Henwood
Date:	Fri Jul 28 11:09:05 PDT 2000

35117 "One Market Under God, and Heaven Help Us All" -- rank: 1000

kelley wrote: >haven't read this stuff since i did some benchmarking community >research on education and job training about 5 years ago. but, as i >recall, the issue is that the wages of those with a high school >degree have dropped dramatically because of deunionization. the >college premium is relative to what you would earn without it, with >only a highschool or less than highschool degree. the college >premium looks greater but it is being compared to wages of non &g ...

Document Size:	6830
Author:	Doug Henwood
Date:	Fri Jul 28 10:38:20 PDT 2000

35118 "One Market Under God, and Heaven Help Us All" -- rank: 1000

Michael Perelman wrote: >Doug, certainly the averages have increased, but have degrees from lower >ranking colleges seen much of an increase in value. Many of our graduates >are doing jobs that high school students might have done a few decades >ago. That's almost true by definition, since the share of the labor force with college degrees has grown a lot over the decades. There's a lot to the Bowles/Gintis argument that college grads earn more not because of their great skills, but ...

Document Size:	7811
Author:	Doug Henwood
Date:	Fri Jul 28 10:11:58 PDT 2000

35119 "One Market Under God, and Heaven Help Us All" -- rank: 1000

Yoshie Furuhashi wrote: >economic value of college degrees (despite college premiums relative >to high-school diplomas) hasn't improved (see excerpts from "Recent >Trends in Wages, Incomes, and Wealth in the United States" by John >Schmitt, Lawrence Mishel, and Jared Bernstein I posted) How can you say the economic value of a bachelor's degree hasn't improved when the college premium has expanded over the last 20 years? Doug

Document Size:	5188
Author:	Doug Henwood
Date:	Thu Jul 27 16:04:10 PDT 2000

35120 Fight Club, Brazilian branch -- rank: 1000

Irish Times - July 22, 2000 Dancing with death In the craziest of crazes, to pounding music, Brazilian teenagers line up in nightclubs to beat each other senseless in choreographed fights: 60 children have been murdered in four years. Nicole Veash goes to a 'funk ball' It's midnight on Friday in a nondescript suburban sprawl outside Rio. A dozen buses packed with youths from nearby slums pull up in a dusty car-park. Doors open and hundreds of teenagers spill out onto the pavement. Everyone is dr ...

Document Size:	27080
Author:	Doug Henwood
Date:	Thu Jul 27 12:15:08 PDT 2000

35121 Texas celebrates Jesus Day -- rank: 1000

<http://www.governor.state.tx.us/Proclamations/May00/5-00Jesus.html> Official Memorandum State of Texas Office of the Governor Jesus Day Throughout the world, people of all religions recognize Jesus Christ as an example of love, compassion, sacrifice and service. Reaching out to the poor, the suffering and the marginalized, he provided moral leadership that continues to inspire countless men, women and children today. To honor his life and teachings, Christians of all races and denominatio ...

Document Size:	6015
Author:	Doug Henwood
Date:	Thu Jul 27 11:35:29 PDT 2000

35122 "One Market Under God, and Heaven Help Us All" -- rank: 1000

Michael Yates wrote: >Have you ever tried to use the British stats site? What a hassle!! Last year, Statistics Canada wanted to charge me $40 for a time series on auto employment. The BLS has one on their website for free. Doug

Document Size:	4963
Author:	Doug Henwood
Date:	Thu Jul 27 11:33:42 PDT 2000

35123 Can We Expropriate the Rich? (Re: Surplus NOT from Capital Gains Receipts -- rank: 1000

Nathan Newman wrote: >On Thu, 27 Jul 2000, Doug Henwood wrote: > >> There's a Luxembourg Income Study working paper - sorry I don't have >> the ref handy - that argues that countries with progressive tax >> systems don't have a more egalitarian post-fisc (i.e., post-tax, >> post-transfer) distribution of income. What matters for income >> distribution is spending much more than taxation. > >Doug, this last statement is ridiculous. If all or most ta ...

Document Size:	10870
Author:	Doug Henwood
Date:	Thu Jul 27 11:30:11 PDT 2000

35124 how firms cut pensions -- rank: 1000

Wall Street Journal - July 27, 2000 Companies Find Host of Ways To Pare Retirement Payouts By ELLEN E. SCHULTZ Staff Reporter of THE WALL STREET JOURNAL When International Business Machines Corp. announced the latest changes in its pension plan last year, David Finlay, a senior engineer in Colorado, went to his basement and hauled out boxes of benefits brochures collected since he joined IBM in 1972. It wasn't too hard for him to figure out that through the 1970s and 1980s, various changes had b ...

Document Size:	26523
Author:	Doug Henwood
Date:	Thu Jul 27 10:47:04 PDT 2000

35125 Surplus NOT from Capital Gains Receipts -- rank: 1000

Nathan Newman wrote: >Maybe Max has the numbers available on changes in effective tax rates from >1993 to 2000. That is really the key number. I have been searching for >them, but have not been able to turn them up. CBO figures for *all* federal taxes show an effective tax rate of 28% in 1993, 34% in 1999 - and 39% in 1977. Doug

Document Size:	4946
Author:	Doug Henwood
Date:	Thu Jul 27 09:23:10 PDT 2000

35126 "One Market Under God, and Heaven Help Us All" -- rank: 1000

Peter van Heusden wrote: >P.S. Don't you want to move to South Africa? Getting figures on things >here is just too damn tough! For all the many faults of the U.S., we've got more data more freely available and in a more timely fashion than any other country I know of. When I was doing my State of the USA Atlas, the British editor/packager couldn't believe how easy it was for me to get even unpublished figures from Census and BLS - and how easy it was to talk to the stat-gatherers about the ...

Document Size:	5262
Author:	Doug Henwood
Date:	Thu Jul 27 09:15:10 PDT 2000

35127 Surplus NOT from Capital Gains Receipts -- rank: 1000

Max Sawicky wrote: >Actually in the article I posted some months ago, now part >of the URPE reader, >I did argue for discounting tax-the-rich politics, but in >favor of big tax/big spending >politics. I also provided a bunch of numbers on how little >taxing the rich or >corporations does for the social-democratic cause. There's a Luxembourg Income Study working paper - sorry I don't have the ref handy - that argues that countries with progressive tax systems don't have a mo ...

Document Size:	6162
Author:	Doug Henwood
Date:	Thu Jul 27 09:09:41 PDT 2000

35128 Godley: drowning in debt -- rank: 1000

John K. Taber wrote: >So, if we devalue, it's easier for us to pay back in dollars, >but why would a foreign country want the devalued dollar? Why >wouldn't foreign countries demand payment in their own >currencies? Will the US Marines make an offer they can't refuse? > >Wouldn't major price increases be touched off by even the >thought of devaluation? With interest rate increases that >practically shut us down? > >I fail to see what devaluation buys. Devaluation wo ...

Document Size:	5713
Author:	Doug Henwood
Date:	Thu Jul 27 08:57:38 PDT 2000

35129 "One Market Under God, and Heaven Help Us All" -- rank: 1000

Stephen E Philion wrote: >doug, how much of those gains are offset by the decrease in value of a >college degree in the past few decades? What decrease? Our friends at the EPI report the following college hourly wage premium over HS grads <http://epinet.org/datazone/data/collpremium.xls>. Men with bachelor's (or more) earned 33% more than those with only a HS diploma in 1973, and 44% more in 1997; for women, the premium went from 43% to 51%. And the unemployment rate for those with c ...

Document Size:	6247
Author:	Doug Henwood
Date:	Wed Jul 26 17:35:47 PDT 2000

35130 "One Market Under God, and Heaven Help Us All" -- rank: 1000

Yoshie Furuhashi wrote: >And for what it's worth, educational access has probably improved a >great deal for women of all classes & the working class of both >sexes and all races since the mid-20th century. No "probably" about it - it has improved a great deal, especially on gender and race. The black/white education gap has narrowed very substantially, and there are now more women than men in college. Class - using income as the imperfect proxy - is another story; accordi ...

Document Size:	5623
Author:	Doug Henwood
Date:	Wed Jul 26 16:23:05 PDT 2000