A thought to keep in mind as you read this - what happens to the already overburdened graduate whose job gets outsourced, and then can't find another because he's deemed "overqualified" for the low skilled, low wage jobs available?
Answer: Look up "capitalization of interest" and then note that one can't erase student loan debt by declaring bankruptcy. What will result will be the mathematical equivalent of charging compound interest on a loan that the graduate has been deprived of the means of repaying.
Watch what's left of a once distinguished architectural legacy be destroyed because our city is run by idiots. Consider this quote:
""Beauty is in the eye of the beholder," Alderman Matlak said. "A lot of people don't want 19th-century buildings.I grew up in a frame house. My bedroom was 8 by 8. People don't want that now."
Then - here's a wild idea. Maybe they might try moving into one of the neighborhoods that isn't historic? Which, in Chicago, is almost all of them, now?
Speaking as somebody who lives in Chicago, I can report that the difference of opinion between the developers and the preservationists on this is not an honest one; the rate of demolition has not been exaggerated one bit.
This report comes from London, but the attitudes mentioned can easily be found in the United States as well. Wondering if, in the long run, the Diaspora has a future, at least anywhere in the West or the Middle East, outside of Israel.
The good news is that those who would have been working on dealing with this problem are mostly now off flipping hamburgers, if they're lucky. Outsourcing in an economy where applicants are refused employment on the basis of long term unemployment - an idea that just keeps on getting better. Link posted to Digg by user Ironeus.