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Adam Clark

Films For Action - 0 views

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    "Brandalism is a revolt against corporate control of the visual realm. It is the biggest anti-advertising campaign in world history and it's getting bigger. Starting in July 2012 with a small team in a van, Brandalism has grown tenfold to include teams in 10 UK cities skilled up in taking back space. This film covers the Brandalism takeover in May 2014 which saw the reclamation of over 360 corporate advertising spaces with hand made original art works submitted by 40 international artists."
Adam Clark

Guerilla Artists Just Pulled Off The Largest Advertising Takeover In World History | True Activist - 0 views

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    "Brandalism returns with the largest advertising takeover in world history. Over 2 days teams of guerilla artists emerged from the shadows to takeover 365 corporate advertising spaces in 10 UK cities. The project saw hand-made artworks from 40 international artists installed in public spaces across the UK."
Javier E

How to Raise a University's Profile: Pricing and Packaging - NYTimes.com - 0 views

  • I talked to a half-dozen of Hugh Moren’s fellow students. A highly indebted senior who was terrified of the weak job market described George Washington, where he had invested considerable time getting and doing internships, as “the world’s most expensive trade school.” Another mentioned the abundance of rich students whose parents were giving them a fancy-sounding diploma the way they might a new car. There are serious students here, he acknowledged, but: “You can go to G.W. and essentially buy a degree.”
  • A recent study from the Organization for Economic Cooperation and Development found that, on average, American college graduates score well below college graduates from most other industrialized countries in mathematics. In literacy (“understanding, evaluating, using and engaging with written text”), scores are just average. This comes on the heels of Richard Arum and Josipa Roksa’s “Academically Adrift,” a study that found “limited or no learning” among many college students.Instead of focusing on undergraduate learning, nu
  • colleges have been engaged in the kind of building spree I saw at George Washington. Recreation centers with world-class workout facilities and lazy rivers rise out of construction pits even as students and parents are handed staggeringly large tuition bills. Colleges compete to hire famous professors even as undergraduates wander through academic programs that often lack rigor or coherence. Campuses vie to become the next Harvard — or at least the next George Washington — while ignoring the growing cost and suspect quality of undergraduate education.
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  • Mr. Trachtenberg understood the centrality of the university as a physical place. New structures were a visceral sign of progress. They told visitors, donors and civic leaders that the institution was, like beams and scaffolding rising from the earth, ascending. He added new programs, recruited more students, and followed the dictate of constant expansion.
  • the American research university had evolved into a complicated and somewhat peculiar organization. It was built to be all things to all people: to teach undergraduates, produce knowledge, socialize young men and women, train workers for jobs, anchor local economies, even put on weekend sports events. And excellence was defined by similarity to old, elite institutions. Universities were judged by the quality of their scholars, the size of their endowments, the beauty of their buildings and the test scores of their incoming students.
  • John Silber embarked on a huge building campaign while bringing luminaries like Saul Bellow and Elie Wiesel on board to teach and lend their prestige to the B.U. name, creating a bigger, more famous and much more costly institution. He had helped write a game plan for the aspiring college president.
  • GWU is, for all intents and purposes, a for-profit organization. Best example: study abroad. Their top program, a partnering with Sciences Po, costs each student (30 of them, on a program with 'prestige' status?) a full semester's tuition. It costs GW, according to Sciences Po website, €1000. A neat $20,000 profit per student (who is in digging her/himself deeper and deeper in debt.) Moreover, the school takes a $500 admin fee for the study abroad application! With no guarantee that all credits transfer. Students often lose a partial semester, GW profits again. Nor does GW offer help with an antiquated, one-shot/no transfers, tricky registration process. It's tough luck in gay Paris.Just one of many examples. Dorms with extreme mold, off-campus housing impossible for freshmen and sophomores. Required meal plan: Chick-o-Filet etc. Classes with over 300 students (required).This is not Harvard, but costs same.Emotional problems? Counselors too few. Suicides continue and are not appropriately addressed. Caring environment? Extension so and so, please hold.It's an impressive campus, I'm an alum. If you apply, make sure the DC experience is worth the price: good are internships, a few colleges like Elliot School, post-grad.GWU uses undergrad $$ directly for building projects, like the medical center to which students have NO access. (Student health facility is underfunded, outsourced.)Outstanding professors still make a difference. But is that enough?
  • Mr. Trachtenberg, however, understood something crucial about the modern university. It had come to inhabit a market for luxury goods. People don’t buy Gucci bags merely for their beauty and functionality. They buy them because other people will know they can afford the price of purchase. The great virtue of a luxury good, from the manufacturer’s standpoint, isn’t just that people will pay extra money for the feeling associated with a name brand. It’s that the high price is, in and of itself, a crucial part of what people are buying.
  • Mr. Trachtenberg convinced people that George Washington was worth a lot more money by charging a lot more money. Unlike most college presidents, he was surprisingly candid about his strategy. College is like vodka, he liked to explain.
  • The Absolut Rolex plan worked. The number of applicants surged from some 6,000 to 20,000, the average SAT score of students rose by nearly 200 points, and the endowment jumped from $200 million to almost $1 billion.
  • The university became a magnet for the children of new money who didn’t quite have the SATs or family connections required for admission to Stanford or Yale. It also aggressively recruited international students, rich families from Asia and the Middle East who believed, as nearly everyone did, that American universities were the best in the world.
  • U.S. News & World Report now ranks the university at No. 54 nationwide, just outside the “first tier.”
  • The watch and vodka analogies are correct. Personally, I used car analogies when discussing college choices with my kids. We were in the fortunate position of being able to comfortably send our kids to any college in the country and have them leave debt free. Notwithstanding, I told them that they would be going to a state school unless they were able to get into one of about 40 schools that I felt, in whatever arbitrary manner I decided, that was worth the extra cost. They both ended up going to state schools.College is by and large a commodity and you get out of it what you put into it. Both of my kids worked hard in college and were involved in school life. They both left the schools better people and the schools better schools for them being there. They are both now successful adults.I believe too many people look for the prestige of a named school and that is not what college should be primarily about.
  • In 2013, only 14 percent of the university’s 10,000 undergraduates received a grant — a figure on a par with elite schools but far below the national average. The average undergraduate borrower leaves with about $30,800 in debt.
  • When I talk to the best high school students in my state I always stress the benefits of the honors college experience at an affordable public university. For students who won't qualify for a public honors college. the regular pubic university experience is far preferable to the huge debt of places like GW.
  • Carey would do well to look beyond high ticket private universities (which after all are still private enterprises) and what he describes as the Olympian heights of higher education (which for some reason seems also to embitter him) and look at the system overall . The withdrawal of public support was never a policy choice; it was a political choice, "packaged and branded" as some tax cutting palaver all wrapped up in the argument that a free-market should decide how much college should cost and how many seats we need. In such an environment, trustees at private universities are no more solely responsible for turning their degrees into commodities than the administrations of state universities are for raising the number of out-of-state students in order to offset the loss of support from their legislatures. No doubt, we will hear more about market based solutions and technology from Mr. Carey
  • I went to GW back in the 60s. It was affordable and it got me away from home in New York. While I was there, Newsweek famously published a article about the DC Universities - GW, Georgetown, American and Catholic - dubbing them the Pony league, the schools for the children of wealthy middle class New Yorkers who couldn't get into the Ivy League. Nobody really complained. But that wasn't me. I went because I wanted to be where the action was in the 60s, and as we used to say - "GW was literally a stone's throw from the White House. And we could prove it." Back then, the two biggest alumni names were Jackie Kennedy, who's taken some classes there, and J. Edgar Hoover. Now, according to the glossy magazine they send me each month, it's the actress Kerry Washington. There's some sort of progress there, but I'm a GW alum and not properly trained to understand it.
  • This explains a lot of the modern, emerging mentality. It encompasses the culture of enforced grade inflation, cheating and anti-intellectualism in much of higher education. It is consistent with our culture of misleading statistics and information, cronyism and fake quality, the "best and the brightest" being only schemers and glad handers. The wisdom and creativity engendered by an honest, rigorous academic education are replaced by the disingenuous quick fix, the winner-take-all mentality that neglects the common good.
  • I attended nearby Georgetown University and graduated in 1985. Relative to state schools and elite schools, it was expensive then. I took out loans. I had Pell grants. I had work-study and GSL. I paid my debt of $15,000 off in ten years. Would I have done it differently? Yes: I would have continued on to graduate school and not worried about paying off those big loans right after college. My career work out and I am grateful for the education I received and paid for. But I would not recommend to my nieces and nephews debts north of $100,000 for a BA in liberal arts. Go community. Then go state. Then punch your ticket to Harvard, Yale or Stanford — if you are good enough.
  • American universities appear to have more and more drifted away from educating individuals and citizens to becoming high priced trade schools and purveyors of occupational licenses. Lost in the process is the concept of expanding a student's ability to appreciate broadly and deeply, as well as the belief that a republican democracy needs an educated citizenry, not a trained citizenry, to function well.Both the Heisman Trophy winner and the producer of a successful tech I.P.O. likely have much in common, a college education whose rewards are limited to the financial. I don't know if I find this more sad on the individual level or more worrisome for the future of America.
  • This is now a consumer world for everything, including institutions once thought to float above the Shakespearean briars of the work-a-day world such as higher education, law and medicine. Students get this. Parents get this. Everything is negotiable: financial aid, a spot in the nicest dorm, tix to the big game. But through all this, there are faculty - lots of 'em - who work away from the fluff to link the ambitions of the students with the reality and rigor of the 21st century. The job of the student is to get beyond the visible hype of the surroundings and find those faculty members. They will make sure your investment is worth it
  • My experience in managing or working with GW alumni in their 20's or 30's has not been good. Virtually all have been mentally lazy and/or had a stunning sense of entitlement. Basically they've been all talk and no results. That's been quite a contrast to the graduates from VA/MD state universities.
  • More and more, I notice what my debt-financed contributions to the revenue streams of my vendors earn them, not me. My banks earned enough to pay ridiculous bonuses to employees for reckless risk-taking. My satellite tv operator earned enough to overpay ESPN for sports programming that I never watch--and that, in turn, overpays these idiotic pro athletes and college sports administrators. My health insurer earned enough to defeat one-payor insurance; to enable the opaque, inefficient billing practices of hospitals and other providers; and to feed the behemoth pharmaceutical industry. My church earned enough to buy the silence of sex abuse victims and oppose progressive political candidates. And my govt earned enough to continue ag subsidies, inefficient defense spending, and obsolete transportation and energy policies.
  • as the parent of GWU freshman I am grateful for every opportunity afforded her. She has a generous merit scholarship, is in the honors program with some small classes, and has access to internships that can be done while at school. GWU also gave her AP credits to advance her to sophomore status. Had she attended the state flagship school (where she was accepted into that exclusive honors program) she would have a great education but little else. It's not possible to do foreign affairs related internship far from D.C. or Manhattan. She went to a very competitive high school where for the one or two ivy league schools in which she was interested, she didn't have the same level of connections or wealth as many of her peers. Whether because of the Common Application or other factors, getting into a good school with financial help is difficult for a middle class student like my daughter who had a 4.0 GPA and 2300 on the SAT. She also worked after school.The bottom line - GWU offered more money than perceived "higher tier" universities, and brought tuition to almost that of our state school system. And by the way, I think she is also getting a very good education.
  • This article reinforces something I have learned during my daughter's college application process. Most students choose a school based on emotion (reputation) and not value. This luxury good analogy holds up.
  • The entire education problem can be solved by MOOCs lots and lots of them plus a few closely monitored tests and personal interviews with people. Of course many many people make MONEY off of our entirely inefficient way of "educating" -- are we even really doing that -- getting a degree does NOT mean one is actually educated
  • As a first-generation college graduate I entered GW ambitious but left saddled with debt, and crestfallen at the hard-hitting realization that my four undergraduate years were an aberration from what life is actually like post-college: not as simple as getting an [unpaid] internship with a fancy titled institution, as most Colonials do. I knew how to get in to college, but what do you do after the recess of life ends?I learned more about networking, resume plumping (designated responses to constituents...errr....replied to emails), and elevator pitches than actual theory, economic principles, strong writing skills, critical thinking, analysis, and philosophy. While relatively easy to get a job after graduating (for many with a GW degree this is sadly not the case) sustaining one and excelling in it is much harder. It's never enough just to be able to open a new door, you also need to be prepared to navigate your way through that next opportunity.
  • this is a very telling article. Aimless and directionless high school graduates are matched only by aimless and directionless institutes of higher learning. Each child and each parent should start with a goal - before handing over their hard earned tuition dollars, and/or leaving a trail of broken debt in the aftermath of a substandard, unfocused education.
  • it is no longer the most expensive university in America. It is the 46th.Others have been implementing the Absolut Rolex Plan. John Sexton turned New York University into a global higher-education player by selling the dream of downtown living to students raised on “Sex and the City.” Northeastern followed Boston University up the ladder. Under Steven B. Sample, the University of Southern California became a U.S. News top-25 university. Washington University in St. Louis did the same.
  • I currently attend GW, and I have to say, this article completely misrepresents the situation. I have yet to meet a single person who is paying the full $60k tuition - I myself am paying $30k, because the school gave me $30k in grants. As for the quality of education, Foreign Policy rated GW the #8 best school in the world for undergraduate education in international affairs, Princeton Review ranks it as one of the best schools for political science, and U.S. News ranks the law school #20. The author also ignores the role that an expanding research profile plays in growing a university's prestige and educational power.
  • And in hundreds of regional universities and community colleges, presidents and deans and department chairmen have watched this spectacle of ascension and said to themselves, “That could be me.” Agricultural schools and technical institutes are lobbying state legislatures for tuition increases and Ph.D. programs, fitness centers and arenas for sport. Presidents and boards are drawing up plans to raise tuition, recruit “better” students and add academic programs. They all want to go in one direction — up! — and they are all moving with a single vision of what they want to be.
  • this is the same playbook used by hospitals the past 30 years or so. It is how Hackensack Hospital became Hackensack Medical Center and McComb Hospital became Southwest Mississippi Regional Medical Center. No wonder the results have been the same in healthcare and higher education; both have priced themselves out of reach for average Americans.
  • a world where a college is rated not by the quality of its output, but instaed, by the quality of its inputs. A world where there is practically no work to be done by the administration because the college's reputation is made before the first class even begins! This is isanity! But this is the swill that the mammoth college marketing departments nationwide have shoved down America's throat. Colleges are ranked not by the quality of their graduates, but rather, by the test scores of their incoming students!
  • The Pew Foundation has been doing surveys on what students learn, how much homework they do, how much time they spend with professors etc. All good stuff to know before a student chooses a school. It is called the National Survey of Student Engagement (NSSE - called Nessy). It turns out that the higher ranked schools do NOT allow their information to be released to the public. It is SECRET.Why do you think that is?
  • The article blames "the standard university organizational model left teaching responsibilities to autonomous academic departments and individual faculty members, each of which taught and tested in its own way." This is the view of someone who has never taught at a university, nor thought much about how education there actually happens. Once undergraduates get beyond the general requirements, their educations _have_ to depend on "autonomous departments" because it's only those departments know what the requirements for given degree can be, and can grant the necessary accreditation of a given student. The idea that some administrator could know what's necessary for degrees in everything from engineering to fiction writing is nonsense, except that's what the people who only know the theory of education (but not its practice) actually seem to think. In the classroom itself, you have tremendously talented people, who nevertheless have their own particular strengths and approaches. Don't you think it's a good idea to let them do what they do best rather than trying to make everyone teach the same way? Don't you think supervision of young teachers by older colleagues, who actually know their field and its pedagogy, rather than some administrator, who knows nothing of the subject, is a good idea?
  • it makes me very sad to see how expensive some public schools have become. Used to be you could work your way through a public school without loans, but not any more. Like you, I had the advantage of a largely-scholarship paid undergraduate education at a top private college. However, I was also offered a virtually free spot in my state university's (then new) honors college
  • My daughter attended a good community college for a couple of classes during her senior year of high school and I could immediately see how such places are laboratories for failure. They seem like high schools in atmosphere and appearance. Students rush in by car and rush out again when the class is over.The four year residency college creates a completely different feel. On arrival, you get the sense that you are engaging in something important, something apart and one that will require your full attention. I don't say this is for everyone or that the model is not flawed in some ways (students actually only spend 2 1/2 yrs. on campus to get the four yr. degree). College is supposed to be a 60 hour per week job. Anything less than that and the student is seeking himself or herself
  • This. Is. STUNNING. I have always wondered, especially as my kids have approached college age, why American colleges have felt justified in raising tuition at a rate that has well exceeded inflation, year after year after year. (Nobody needs a dorm with luxury suites and a lazy river pool at college!) And as it turns out, they did it to become luxury brands. Just that simple. Incredible.I don't even blame this guy at GWU for doing what he did. He wasn't made responsible for all of American higher ed. But I do think we all need to realize what happened, and why. This is front page stuff.
  • I agree with you, but, unfortunately, given the choice between low tuition, primitive dorms, and no athletic center VS expensive & luxurious, the customers (and their parents) are choosing the latter. As long as this is the case, there is little incentive to provide bare-bones and cheap education.
  • Wesleyan University in CT is one school that is moving down the rankings. Syracuse University is another. Reed College is a third. Why? Because these schools try hard to stay out of the marketing game. (With its new president, Syracuse has jumped back into the game.) Bryn Mawr College, outside Philadelphia hasn't fared well over the past few decades in the rankings, which is true of practically every women's college. Wellesley is by far the highest ranked women's college, but even there the acceptance rate is significantly higher than one finds at comparable coed liberal arts colleges like Amherst & Williams. University of Chicago is another fascinating case for Mr. Carey to study (I'm sure he does in his forthcoming book, which I look forward to reading). Although it has always enjoyed an illustrious academic reputation, until recently Chicago's undergraduate reputation paled in comparison to peer institutions on the two coasts. A few years ago, Chicago changed its game plan to more closely resemble Harvard and Stanford in undergraduate amenities, and lo and behold, its rankings shot up. It was a very cynical move on the president's part to reassemble the football team, but it was a shrewd move because athletics draw more money than academics ever can (except at engineering schools like Cal Tech & MIT), and more money draws richer students from fancier secondary schools with higher test scores, which lead to higher rankings - and the beat goes on.
  • College INDUSTRY is out of control. Sorry, NYU, GW, BU are not worth the price. Are state schools any better? We have the University of Michigan, which is really not a state school, but a university that gives a discount to people who live in Michigan. Why? When you have an undergraduate body 40+% out-of-state that pays tuition of over $50K/year, you tell me?Perhaps the solution is two years of community college followed by two at places like U of M or Michigan State - get the same diploma at the end for much less and beat the system.
  • In one recent yr., the majority of undergrad professors at Harvard, according to Boston.com, where adjuncts. That means low pay, no benefits, no office, temp workers. Harvard.Easily available student loans fueled this arms race of amenities and frills that in which colleges now engage. They moved the cost of education onto the backs of people, kids, who don't understand what they are doing.Students in colleges these days are customers and the customers must be able to get through. If it requires dumbing things down, so be it. On top of tuition, G.W. U. is known by its students as the land of added fees on top of added fees. The joke around campus was that they would soon be installing pay toilets in the student union. No one was laughing.
  • You could written the same story about my alma mater, American University. The place reeked of ambition and upward mobility decades ago and still does. Whoever's running it now must look at its measly half-billion-dollar endowment and compare it to GWU's $1.5 billion and seethe with envy, while GWU's president sets his sights on an Ivy League-size endowment. And both get back to their real jobs: 24/7 fundraising,Which is what university presidents are all about these days. Money - including million-dollar salaries for themselves (GWU's president made more than Harvard's in 2011) - pride, cachet, power, a mansion, first-class all the way. They should just be honest about it and change their university's motto to Ostende mihi pecuniam! (please excuse my questionable Latin)Whether the students are actually learning anything is up to them, I guess - if they do, it's thanks to the professors, adjuncts and the administrative staff, who do the actual work of educating and keep the school running.
  • When I was in HS (70s), many of my richer friends went to GW and I was then of the impression that GW was a 'good' school. As I age, I have come to realize that this place is just another façade to the emptiness that has become America. All too often are we faced with a dilemma: damned if we do, damned if we don't. Yep, 'education' has become a trap for all too many of our citizen.
  • I transferred to GWU from a state school. I am forever grateful that I did. I wanted to get a good rigorous education and go to one of the best International Affairs schools in the world. Even though the state school I went to was dirt-cheap, the education and the faculty was awful. I transferred to GW and was amazed at the professors at that university. An ambassador or a prominent IA scholar taught every class. GW is an expensive school, but that is the free market. If you want a good education you need to be willing to pay for it or join the military. I did the latter and my school was completely free with no debt and I received an amazing education. If young people aren't willing to make some sort of sacrifice to get ahead or just expect everything to be given to then our country is in a sad state.We need to stop blaming universities like GWU that strive to attract better students, better professors, and better infrastructure. They are doing what is expected in America, to better oneself.
  • "Whether the students are actually learning anything is up to them, I guess." How could it possibly be otherwise??? I am glad that you are willing to give credit to teachers and administrators, but it is not they who "do the actual work of educating." From this fallacy comes its corollary, that we should blame teachers first for "under-performing schools". This long-running show of scapegoating may suit the wallets and vanity of American parents, but it is utterly senseless. When, if ever, American culture stops reeking of arrogance, greed and anti-intellectualism, things may improve, and we may resume the habit of bothering to learn. Until then, nothing doing.
  • Universities sell knowledge and grade students on how much they have learned. Fundamentally, there is conflict of interest in thsi setup. Moreover, students who are poorly educated, even if they know this, will not criticize their school, because doing so would make it harder for them to have a career. As such, many problems with higher education remain unexposed to the public.
  • I've lectured and taught in at least five different countries in three continents and the shortest perusal of what goes on abroad would totally undermine most of these speculations. For one thing American universities are unique in their dedication to a broad based liberal arts type education. In France, Italy or Germany, for example, you select a major like mathematics or physics and then in your four years you will not take even one course in another subject. The amount of work that you do that is critically evaluated by an instructor is a tiny fraction of what is done in an American University. While half educated critics based on profoundly incomplete research write criticism like this Universities in Germany Italy, the Netherlands, South Korea and Japan as well as France have appointed committees and made studies to explain why the American system of higher education so drastically outperforms their own system. Elsewhere students do get a rather nice dose of general education but it ends in secondary school and it has the narrowness and formulaic quality that we would just normally associate with that. The character who wrote this article probably never set foot on a "campus" of the University of Paris or Rome
  • The university is part of a complex economic system and it is responding to the demands of that system. For example, students and parents choose universities that have beautiful campuses and buildings. So universities build beautiful campuses. State support of universities has greatly declined, and this decline in funding is the greatest cause of increased tuition. Therefore universities must compete for dollars and must build to attract students and parents. Also, universities are not ranked based on how they educate students -- that's difficult to measure so it is not measured. Instead universities are ranked on research publications. So while universities certainly put much effort into teaching, research has to have a priority in order for the university to survive. Also universities do not force students and parents to attend high price institutions. Reasonably priced state institutions and community colleges are available to every student. Community colleges have an advantage because they are funded by property taxes. Finally learning requires good teaching, but it also requires students that come to the university funded, prepared, and engaged. This often does not happen. Conclusion- universities have to participate in profile raising actions in order to survive. The day that funding is provided for college, ranking is based on education, and students choose campuses with simple buildings, then things will change at the university.
  • This is the inevitable result of privatizing higher education. In the not-so-distant past, we paid for great state universities through our taxes, not tuition. Then, the states shifted funding to prisons and the Federal government radically cut research support and the GI bill. Instead, today we expect universities to support themselves through tuition, and to the extent that we offered students support, it is through non-dischargeable loans. To make matters worse, the interest rates on those loans are far above the government's cost of funds -- so in effect the loans are an excise tax on education (most of which is used to support a handful of for-profit institutions that account for the most student defaults). This "consumer sovereignty" privatized model of funding education works no better than privatizing California's electrical system did in the era of Enron, or our privatized funding of medical service, or our increasingly privatized prison system: it drives up costs at the same time that it replace quality with marketing.
  • There are data in some instances on student learning, but the deeper problem, as I suspect the author already knows, is that there is nothing like a consensus on how to measure that learning, or even on when is the proper end point to emphasize (a lot of what I teach -- I know this from what students have told me -- tends to come into sharp focus years after graduation).
  • Michael (Baltimore) has hit the nail on the head. Universities are increasingly corporatized institutions in the credentialing business. Knowledge, for those few who care about it (often not those paying for the credentials) is available freely because there's no profit in it. Like many corporate entities, it is increasingly run by increasingly highly paid administrators, not faculty.
  • GWU has not defined itself in any unique way, it has merely embraced the bland, but very expensive, accoutrements of American private education: luxury dorms, food courts, spa-like gyms, endless extracurricular activities, etc. But the real culprit for this bloat that students have to bear financially is the college ranking system by US News, Princeton Review, etc. An ultimately meaningless exercise in competition that has nevertheless pushed colleges and universities to be more like one another. A sad state of affairs, and an extremely expensive one for students
  • It is long past time to realize the failure of the Reagonomics-neoliberal private profits over public good program. In education, we need to return to public institutions publicly funded. Just as we need to recognize that Medicare, Social Security, the post office, public utilities, fire departments, interstate highway system, Veterans Administration hospitals and the GI bill are models to be improved and expanded, not destroyed.
  • George Washington is actually not a Rolex watch, it is a counterfeit Rolex. The real Rolexes of higher education -- places like Hopkins, Georgetown, Duke, the Ivies etc. -- have real endowments and real financial aid. No middle class kid is required to borrow $100,000 to get a degree from those schools, because they offer generous need-based financial aid in the form of grants, not loans. The tuition at the real Rolexes is really a sticker price that only the wealthy pay -- everybody else on a sliding scale. For middle class kids who are fortunate enough to get in, Penn actually ends up costing considerably less than a state university.The fake Rolexes -- BU, NYU, Drexel in Philadelphia -- don't have the sliding scale. They bury middle class students in debt.And really, though it is foolish to borrow $100,000 or $120,000 for an undergraduate degree, I don't find the transaction morally wrong. What is morally wrong is our federal government making that loan non-dischargeable in bankruptcy, so many if these kids will be having their wages garnished for the REST OF THEIR LIVES.There is a very simple solution to this, by the way. Cap the amount of non-dischargeable student loan debt at, say, $50,000
  • The slant of this article is critical of the growth of research universities. Couldn't disagree more. Modern research universities create are incredibly engines of economic opportunity not only for the students (who pay the bills) but also for the community via the creation of blue and white collar jobs. Large research university employ tens of thousands of locals from custodial and food service workers right up to high level administrators and specialist in finance, computer services, buildings and facilities management, etc. Johns Hopkins University and the University of Maryland system employ more people than any other industry in Maryland -- including the government. Research universities typically have hospitals providing cutting-edge medical care to the community. Local business (from cafes to property rental companies) benefit from a built-in, long-term client base as well as an educated workforce. And of course they are the foundry of new knowledge which is critical for the future growth of our country.Check out the work of famed economist Dr. Julia Lane on modeling the economic value of the research university. In a nutshell, there are few better investments America can make in herself than research universities. We are the envy of the world in that regard -- and with good reason. How many *industries* (let alone jobs) have Stanford University alone catalyzed?
  • What universities have the monopoly on is the credential. Anyone can learn, from books, from free lectures on the internet, from this newspaper, etc. But only universities can endow you with the cherished degree. For some reason, people are will to pay more for one of these pieces of paper with a certain name on it -- Ivy League, Stanford, even GW -- than another -- Generic State U -- though there is no evidence one is actually worth more in the marketplace of reality than the other. But, by the laws of economics, these places are actually underpriced: after all, something like 20 times more people are trying to buy a Harvard education than are allowed to purchase one. Usually that means you raise your price.
  • Overalll a good article, except for - "This comes on the heels of Richard Arum and Josipa Roksa’s “Academically Adrift,” a study that found “limited or no learning” among many college students." The measure of learning you report was a general thinking skills exam. That's not a good measure of college gains. Most psychologists and cognitive scientists worth their salt would tell you that improvement in critical thinking skills is going to be limited to specific areas. In other words, learning critical thinking skills in math will make little change in critical thinking about political science or biology. Thus we should not expect huge improvements in general critical thinking skills, but rather improvements in a student's major and other areas of focus, such as a minor. Although who has time for a minor when it is universally acknowledged that the purpose of a university is to please and profit an employer or, if one is lucky, an investor. Finally, improved critical thinking skills are not the end all and be all of a college education even given this profit centered perspective. Learning and mastering the cumulative knowledge of past generations is arguably the most important thing to be gained, and most universities still tend to excel at that even with the increasing mandate to run education like a business and cultivate and cull the college "consumer".
  • As for community colleges, there was an article in the Times several years ago that said it much better than I could have said it myself: community colleges are places where dreams are put on hold. Without making the full commitment to study, without leaving the home environment, many, if not most, community college students are caught betwixt and between, trying to balance work responsibilities, caring for a young child or baby and attending classes. For males, the classic "end of the road" in community college is to get a car, a job and a girlfriend, one who is not in college, and that is the end of the dream. Some can make it, but most cannot.
  • as a scientist I disagree with the claim that undergrad tuition subsidizes basic research. Nearly all lab equipment and research personnel (grad students, technicians, anyone with the title "research scientist" or similar) on campus is paid for through federal grants. Professors often spend all their time outside teaching and administration writing grant proposals, as the limited federal grant funds mean ~%85 of proposals must be rejected. What is more, out of each successful grant the university levies a "tax", called "overhead", of 30-40%, nominally to pay for basic operations (utilities, office space, administrators). So in fact one might say research helps fund the university rather than the other way around. Flag
  • It's certainly overrated as a research and graduate level university. Whether it is good for getting an undergraduate education is unclear, but a big part of the appeal is getting to live in D.C..while attending college instead of living in some small college town in the corn fields.
Emilio Ergueta

Why Do We Drive on Parkways and Park on Driveways? | Mental Floss - 0 views

  • “Hey! How come we drive on parkways and park on driveways? Huh? Huh? Amiright?!”
  • The words “drive” and “park” existed long before automobiles. Remember, whenever you write or speak, you’re voting with your vocabulary. Languages evolve over time and a given term’s meaning is subject to dramatically change based on the whim of its users.
  • Metropolitan reformers—who feared the health costs of industrial growth—started establishing wooded parks within cities nationwide, hoping their trees would make urban air more breathable. As automobiles rose in popularity, special car-friendly routes were carved through such parks. Unimaginatively, these were named “parkways”.
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  • When automobiles started to overrun cities in the early twentieth century, parking areas were given over to car storage and the word began to refer to the cars themselves rather than the trees and grass they were replacing.”
  • But what about “driveways”? Well, that particular word’s been around since at least 1884 and has essentially meant the same thing ever since—namely, a path that connects somebody’s private property to a public road. However, while lengthy driveways were once the norm (and, hence, enabled more driving), today’s average specimen is little more than a dinky personal parking station.
maddieireland334

Google Fiber heading to Salt Lake City - 0 views

  •  
    Google made the announcement in a blog post Tuesday. The city joins several others where Google is laying down cable to provide incredibly fast Internet access. Atlanta, Georgia; Nashville, Tennessee; and both Charlotte and Raleigh-Durham in North Carolina are getting Fiber soon. Google Fiber delivers Internet speeds of up to 1 gigabit per second.
Javier E

Why doom and gloom won't help us fight climate change - The Washington Post - 1 views

  • the big problem with bad news about the environment is that it too easily leads to resignation and then passivity. Consider Paul Kingsnorth, the former British environmental activist who suggests that the magnitude of the “ecocide” we face means that we have to come to terms with the reality that there is no hope. “We are not going to stop this from happening,”
  • A group of academics and activists recently published a book with an emblematic title: “Mourning Nature.”
  • Small wonder that a series of recent polls have detected many Americans declaring that they’re experiencing “eco-anxiety.” If nature is already too far gone, why go to the trouble of trying to save it?
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  • We must take to heart these environmental triumphs and not just fixate on the bad news. Let’s celebrate the recovery of our eastern forests, which after two centuries of decimation have regrown to cloak hundreds of millions of acres of unproductive agricultural land.
  • he air of New York City is substantially better today than it was in the 1950s. The water in the Potomac today is much cleaner than it was in 1947, when Louis Halle wrote his classic nature book “Spring in Washington.”
  • ome seriously good things have happened to our environment over the past half-century — because human beings took conscious and purposeful action to establish legal and regulatory incentives that changed society’s behavior.
  • Will the Earth’s biosphere as we know it survive? One thing is for sure: We need to believe so to be able to function at full capacity as concerned citizens.
  • Only smart collective action, led by courageous people working with intelligent and well-funded organizations and agencies, can mount the necessary effort to keep our Earth from peril.
Javier E

Guns, Germs, and The Future of Us - Wyatt Edward Gates - Medium - 0 views

  • ared Daimond’s seminal work Guns, Germs, and Steel has many flaws, but it provides some useful anecdotes about how narrative and consciousness shapes human organization progresses
  • Past critical transformations of thought can help us see how we need to transform ourselves now in order to survive the future.
  • something both ancient and immediate: the way we define who is in our tribe plays a critical role in what kind of social organization we can build and maintain
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  • You can’t have a blood family of 300 million, nor even a large enough one to do things like build an agrarian society
  • In order to have large cities built on agrarianism it was necessary not only to innovate technology, but to transform our very consciousness as it related to how we defined what a person was, both ourselves and others
  • Instead of needing to have real, flowing blood with common DNA from birth, it was merely necessary to be among the same abstract family organized under a king of some kind — a kind of stand in for the father or patriarch. We developed law and law enforcement as abstract disembodied voices of the father. This allowed total strangers without any family ties to interact in the same society in a constructive and organized way. Thus: civilization as we know it
  • Those ancient polities have developed finally into the Nation, a kind of tribe so fully abstracted that you can be of any blood and language and religion and still function within it.
  • So, too, are all other forms of human separation — and the opposition and conflicts they spawn — illusory in nature. We moved beyond blood, but then it was language or religion or fealty that made it impossible to work together, and we warred over that
  • we’re told these borders mean everything, that they are real and urgent and demand constant sacrifice to maintain.
  • why is that border there? Why borders?
  • We’re stuck in a mode of thinking that’s no longer sensible. There isn’t a reason for borders. There never really was, but now more than ever we have no utility for them, no need for them
  • What humanity has to do is wake up to the reality of post-tribalism. This means seeing through all these invented borders to the truth that we are all people, we are all fundamentally the same, and we can all learn to live with one another.
  • It was the idea of necessary conflict based on blood that preceded the fights that appeared to justify the belief in that blood-based conflict.
  • Nations have saturated the entire globe. There are no more frontiers. It’s all Nations butting up against one another.
  • We are all people of a similar nature and we do have the option to relate to one another as people for the sake of saving our shared homes and futures. We all hunger and thirst and become lonely, we all laugh and weep in the same language. Stripped of confounding symbols we are undivided.
  • There are a lot of people upset about the illusion of borders. They want a different reality, one in which there are Good Tribes (their tribe) and Bad Tribes (all the other ones).
  • but the world is already so mixed together they can’t draw those borders anymore. Hence: fascism.
  • There are no firm foundations for defining this tribe, however, so he’s left to cobble together some kind of ad hoc notion of in- and out-group. Like a magpie he collects ways of dividing people as appeals to his caprice: race, sex, Nation, etc., but there’s no greater sense to it, so it’s all arbitrary, all a mess.
  • No amount of magical thinking from conservatives can change the reality of globalism, however; what one Nation does to pollute will affect us all, and that is according to the laws of physics. No political movement can change those physics. We have to adapt or perish.
  • a key part of it is a simple lack of imagination. He just doesn’t realize there’s an option to not have borders, because his entire consciousness is married to the idea of of-me and not-of-me, Us and Them, and if there is no Them there can’t be an Us, and therefore life stops making sense
  • What has to be true if there are no tribes? We have no need to discriminate among who we may love. Loving and caring for all people as if they were blood family is the path forward
  • There needs to be a new story for us to share. It’s not enough to stop believing in the old way of borders, we have to actively seek out a new way of thinking and speaking and living that reflects the world as it is and as it can be.
  • there are others who have more tangible investments in borders: Those who have grown fat off the conflicts driven by these invented borders don’t want us to see how pointless it all is. These billionaires and presidents and kings want us to keep fighting against one another over the borders they so lazily define because it gives them a means of power and control.
  • We have to be ready for their opposition, however. They’ll do what they can to force us to act as if their borders are real. We don’t need to listen, though we do need to be ready to sacrifice.
  • Without a globally-coordinated response we can’t resolve a globally-driven problem such as climate change. If we can grant the humanity of all people we can start to imagine ways of relating to one another that aren’t opposed and antagonistic, but which are cooperative and aimed at harmony.
  • This transformation of consciousness must happen in our own hearts and minds before it can happen in concert.
  • the Nation has already been shown to be unnecessary because of social globalism. Pick a major city on earth and you’ll find every kind of person living together in peace! Not perfect peace, but not constant and unavoidable war, and that is what counts.
  • We can’t keep pretending as if borders matter when we can so clearly see that they don’t, but we can’t just have no story at all, there must be a way of contextualizing a future without borders. I don’t know what that story is, exactly, but I believe it is something like love writ large. Once we’re ready to start telling it we can start living it.
dicindioha

After Britain Attack, Trump Unleashes a Twitter Storm - The New York Times - 0 views

  • “We must stop being politically correct and get down to the business of security for our people,” he wrote on Twitter. “If we don’t get smart it will only get worse.”
  • “Do you notice we are not having a gun debate right now?” he wrote on Sunday morning. “That’s because they used knives and a truck!” Advertisement Continue reading the main story On Saturday night, he wrote: “We need the courts to give us back our rights. We need the Travel Ban as an extra level of safety!”
  • “You have to be kidding me?!: Terror attacks are part of living in big city, says London Mayor Sadiq Khan,” the younger Mr. Trump wrote at the time.Mr. Trump’s post left the impression that Mr. Khan was minimizing the importance of terrorist attacks. But in fact, he was saying that terrorism was a reality that a big city needed to be prepared to prevent and respond to vigorously.
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  • Asked later during a television interview about the president’s son, Mr. Khan dismissed the post. “I’m not going to respond to a tweet from Donald Trump Jr.,” he said on CNN. “I’ve been doing far more important things over the last 24 hours.”
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    using Twitter is Trump's way of communicating; interesting for a president. it seems it portrays him as a less serious president, unfortunately. social media can be useful, but Trump uses it in ways that are not always appropriate. sometimes it is very difficult to correctly interpret the tone of a statement over the internet when there is no real human voice behind it.
cvanderloo

When Christmas was cancelled: a lesson from history - 0 views

  • Back in 1647, Christmas was banned in the kingdoms of England (which at the time included Wales), Scotland and Ireland and it didn’t work out very well. Following a total ban on everything festive, from decorations to gatherings, rebellions broke out across the country. While some activity took the form of hanging holly in defiance, other action was far more radical and went on to have historical consequences.
  • The protestant reformation had restructured churches across the British Isles, and holy days, Christmas included, were abolished. The usual festivities during the 12 days of Christmas (December 25 to January 5) were deemed unacceptable.
  • Christmas Day, however, didn’t pass quietly. People across England, Scotland and Ireland flouted the rules.
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  • Taking up arms and breaking the rules weren’t just about experiencing the fun of the season. Fighting against the prohibition of Christmas was a political act. Things had changed and the Christmas rebellion was as much a protest against the “new normal” as it was against the banning of fun. People were fed up with a range of restrictions and financial difficulties that came with the Presbyterian system and the fallout of the civil war.
  • The aftermath of the Norwich Christmas riots was the most dramatic. The mayor was summoned to London in April 1648 to explain his failure to prohibit the Christmas parties, but a crowd closed the city gates to prevent him from being taken away. Armed forces were again deployed, and in the ensuing riots, the city ammunition magazine exploded, killing at least 40 people.
  • This Christmas, police across the country are ready to enforce COVID regulations and break up gatherings. While the pandemic does make things different, with rule breaking a matter of safety as much as anything else, politicians could learn from the fallout of the last time Christmas was cancelled.
  • Like in 1647, many people today are fed up with the government’s restrictions. Many have also suffered financial difficulties as a result of the COVID regulations. Some may rail against the idea of ending a miserable year under what they may regard as contradictory restrictions on family fun.
caelengrubb

Union-friendly states enjoy higher economic growth, individual earnings -- ScienceDaily - 1 views

  • New research from Mildred Warner, professor of city and regional planning at Cornell University, shows that state laws designed to hinder union activity and indulge corporate entities do not enhance economic productivity.
  • "These interests see union and city power as a threat, which is why there are groups like the American Legislative Exchange Council, for example, focused on crafting state laws that erode labor protections and enhance corporate interests."
  • "The anti-union political environment in the U.S. is longstanding," Warner said, "especially in the South, as reflected by right-to-work laws by constraining unions' ability to organize and collect dues."
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  • Unionization rates in the U.S. have declined for decades. "Unionization is highest in the public sector, but this has been challenged by state and local austerity since the recession in 2008-09," Warner said.
  • Warner said that the role of the federal government is to provide funds to states and local governments to support critical public services, such as schools and roads
  • While the federal government can play a redistributive role, as with the recent COVID relief package, this is less likely in states that have more corporate influence in their legislative policymaking,
  • "In the new political economy of place, the corporate interests undermine the potential for inclusive economic growth."
Javier E

Dengue Mosquitoes Can Be Tamed by a Common Microbe - The Atlantic - 0 views

  • Dengue fever is caused by a virus that infects an estimated 390 million people every year, and kills about 25,000; the World Health Organization has described it as one of the top 10 threats to global health.
  • It spreads through the bites of mosquitoes, particularly the species Aedes aegypti. Utarini and her colleagues have spent the past decade turning these insects from highways of dengue into cul-de-sacs. They’ve loaded the mosquitoes with a bacterium called Wolbachia, which prevents them from being infected by dengue viruses. Wolbachia spreads very quickly: If a small number of carrier mosquitoes are released into a neighborhood, almost all of the local insects should be dengue-free within a few months
  • Aedes aegypti was once a forest insect confined to sub-Saharan Africa, where it drank blood from a wide variety of animals. But at some point, one lineage evolved into an urban creature that prefers towns over forests, and humans over other animals.
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  • The World Mosquito Program (WMP), a nonprofit that pioneered this technique, had run small pilot studies in Australia that suggested it could work. Utarini, who co-leads WMP Yogyakarta, has now shown conclusively that it does.
  • Carried around the world aboard slave ships, Aedes aegypti has thrived. It is now arguably the most effective human-hunter on the planet, its senses acutely attuned to the carbon dioxide in our breath, the warmth of our bodies, and the odors of our skin.
  • Wolbachia was first discovered in 1924, in a different species of mosquito. At first, it seemed so unremarkable that scientists ignored it for decades. But starting in the 1980s, they realized that it has an extraordinary knack for spreading. It passes down mainly from insect mothers to their children, and it uses many tricks to ensure that infected individuals are better at reproducing than uninfected ones. To date, it exists in at least 40 percent of all insect species, making it one of the most successful microbes on the planet.
  • The team divided a large portion of the city into 24 zones and released Wolbachia-infected mosquitoes in half of them. Almost 10,000 volunteers helped distribute egg-filled containers to local backyards. Within a year, about 95 percent of the Aedes mosquitoes in the 12 release zones harbored Wolbachia.
  • The team found that just 2.3 percent of feverish people who lived in the Wolbachia release zones had dengue, compared with 9.4 percent in the control areas. Wolbachia also seemed to work against all four dengue serotypes, and reduced the number of dengue hospitalizations by 86 percent.
  • Even then, these already remarkable numbers are likely to be underestimates. The mosquitoes moved around, carrying Wolbachia into the 12 control zones where no mosquitoes were released. And people also move: They might live in a Wolbachia release zone but be bitten and infected with dengue elsewhere. Both of these factors would have worked against the trial, weakening its results
  • The Wolbachia method does have a few limitations. The bacterium takes months to establish itself, so it can’t be “deployed to contain an outbreak today,” Vazquez-Prokopec told me. As the Yogyakarta trial showed, it works only when Wolbachia reaches a prevalence of at least 80 percent, which requires a lot of work and strong community support
  • The method has other benefits too. It is self-amplifying and self-perpetuating: If enough Wolbachia-infected mosquitoes are released initially, the bacterium should naturally come to dominate the local population, and stay that way. Unlike insecticides, Wolbachia isn’t toxic, it doesn’t kill beneficial insects (or even mosquitoes), and it doesn’t need to be reapplied, which makes it very cost-effective.
  • An analysis by Brady’s team showed that it actually saves money by preventing infections
  • Wolbachia also seems to work against the other diseases that Aedes aegypti carries, including Zika and yellow fever. It could transform this mosquito from one of the most dangerous species to humans into just another biting nuisance.
jmfinizio

Amazon to invest $2 billion to build affordable housing in these three cities - CNN - 0 views

  • Amazon is pledging to invest more than $2 billion over the next five years toward affordable housing in three cities where it has major operations.
  • Seattle, Nashville and Arlington, Virginia,
  • 5,000 employees each.
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  • "This new $2 billion Housing Equity Fund will create or preserve 20,000 affordable homes in all three of our headquarters regions
  • "It will also help local families achieve long-term stability while building strong, inclusive communities."
  • $567 million will go toward 1,300 affordable apartment
  • $381.9 million in loans
  • 1,300 affordable homes
  • $185.5 million
  • 1,000 affordable homes.
  • But backlash from community leaders and local government officials in Queens ultimately led Amazon to pull out of New York.
  • $125 million in grants to minority-led organizations
  • The fund will also give grants to government partners, like transit agencies and school districts, to help working families in those fields.
  • "Investments like those announced by Amazon that help preserve these existing buildings and maintain moderate rent levels are critical to local efforts that promote economic inclusion and support the stability and economic mobility of moderate- and low-income families."
jmfinizio

Atlanta synagogue says it was targeted by cyber attack before joint service with Ebenezer Baptist Church - CNN - 0 views

  • The president of an Atlanta synagogue says its website was the target of a cyberattack
  • The Temple's website service provider told the synagogue's executive director that "'malicious user agents' had continuously loaded the Temple website with the objective of shutting it down,"
  • it was the "largest-ever attack affecting the provider's network,"
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  • The Temple was singled out by a racist and anti-Semitic group or individual bent on silencing our joint Temple-Ebenezer Baptist Church MLK Jr. Shabbat,
  • The MLK Jr. Shabbat service is an annual event honoring King's legacy held by The Temple, the oldest Jewish congregation in the city, along with the historic Ebenezer Baptist Church, where King was a pastor from 1960 until his assassination in 1968.
  • The Temple was bombed by suspected white supremacists in response to Rothschild's activism, though no one was ever convicted of the crime.
runlai_jiang

BBC - Travel - The secrets hiding in Warsaw, the Paris of the East - 0 views

  • Once known as ‘The Paris of the East’ for its Baroque beauty, Warsaw saw more than 85% of its buildings destroyed amid the ravages of World War II. Despite its past hardships, Poland’s capital city continues to rise from the ashes – and its once-famous elegance can still be found by those who look beyond the surface.
  • Poland’s capital is full of surprises in unexpected places. “I discovered a skiing station in the middle of the city, a tropical beach on the Vistula River and a deer freely living in the Łazienki Park,” said French-Russian Sasha Naslin, who moved here from Belgium three years ago and blogs at The Alternative Travel Guide. “I was lucky to see him only the once!”
tongoscar

Air Pollution Levels Were 'Off The Charts' In New Delhi | Time - 0 views

  • ir pollution levels in India’s capital have soared to hazardous levels this week, leaving a toxic grey haze hanging over the city and causing poor visibility.
  • Delhi was already considered one of the world’s most polluted cities, and it’s only gotten worse this month.
  • “We’re exceeding the measurement capabilities” of some of these pollution particle sensors, Limaye says, explaining that the pollution levels were “effectively off the charts.”
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  • As many Delhi residents stayed cooped up indoors, India’s government and courts ordered short-term measures aimed at curbing pollution and keeping the public healthy. At least five million masks were distributed, according to Kejriwal. The Supreme Court weighed in on Monday, accusing state authorities of “passing the buck” on dealing with the crisis.
  • The Supreme Court also ordered a ban on farmers burning crop stubble to clear their fields in nearby states.
  • The peak levels of pollution in Delhi early November far surpass the WHO’s standards for PM 2.5 levels.
katherineharron

Spain coronavirus: How nation became one of world's pandemic hotspots - CNN - 0 views

  • Unseasonably warm weather, Champions League football and other major events, homes on the beach and the café culture: just a few of the factors that may have helped carry an insidious virus across southern Europe -- from country to country and city to city, from Italy to Spain and Portugal.
  • More than 5,000 people have died since a coronavirus outbreak exploded in Spain, one of the countries worst affected by the pandemic. The country has more than 54,000 active cases of the virus, according to recent figures from the ministry of health.
  • Immunologist Francesco Le Foche is of the same view, telling the Corriere dello Sport: "It's probable that there were several major triggers and catalysts for the diffusion of the virus, but the Atalanta-Valencia game could very well have been one of them.
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  • Two days later, in the town of Codogno, some 60 kilometers (40 miles) from Bergamo, a 38-year-old man known as "patient one" was diagnosed with the virus. But by then, according to research reported by nearly 20 Italian specialists, the virus had long been on the move.
  • But in other respects, life in Spain went on pretty much as normal. Bars and cafes were open; unseasonably warm weather brought Spaniards out into common spaces. Rallies for International Women's Day on March 8 brought tens of thousands onto the streets across Spain, including a crowd estimated at 120,000 in Madrid. Two female cabinet ministers who attended the event later tested positive for coronavirus, although it's not known how they contracted the virus. Opposition parties have criticized the government for allowing those events to go ahead.
katherineharron

America is in turmoil and stocks are booming. Is the market broken? - CNN - 0 views

  • The stock market is not the economy. But rarely has the gap between Wall Street and Main Street felt so wide.
  • The United States is going through its worst race crisis since 1968 following the death of George Floyd, an unarmed black man, at the hands of a police officer in Minneapolis. Riots have hit cities across the nation. Looting is rampant. And President Donald Trump is threatening to send in the military to stop the violence.
  • The civil unrest could exacerbate the coronavirus pandemic that has already killed more than 100,000 Americans. That in turn could deepen the economic collapse that has forced more than 40 million people to file for unemployment.
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  • The S&P 500 closed Tuesday at the highest level in nearly three months. The Nasdaq has spiked 40% since March 23, fueled by the resilience of Big Tech, and is now within striking distance of all-time highs.
  • unprecedented stimulus from the Federal Reserve, and investors not wanting to miss out on monster returns once the economy recovers.
  • That means that while Main Street is still grappling with coronavirus, racial crisis and the impacts of both, Wall Street is doing just fine. Fed policy has allowed markets to decouple from economic reality.
  • Although the unrest was initially sparked by the killing of George Floyd, the continued broader economic discontent is an undercurrent.
  • that the American dream is not alive and well.
  • The divide between rich and poor was worsened by the Great Recession and its aftermath. The US government's response relied heavily on easy money from the Fed, rather than the kind of fiscal stimulus that can help lower-income Americans.
  • First, the coronavirus pandemic disproportionately hit poorer Americans, many of whom work in the hospitality and service sectors rocked by the pandemic. Nearly 40% of low-income workers lost their jobs in March alone, according to the Fed.
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