??!! Aug 18, 2020 at 1:30 pm

The Stranger predicts the future.

Comments

1

I'm dressing up as one of the four USPS mail sorting machines that Trump had removed from Kent, for Halloween.

I'll spit out correctly sorted candy corn - and the occasional flaming Trump tweet.

2

Forgot to mention this: Amazon Plans More — Not Fewer — Offices In Big Cities
And all of these places have income taxation (some even have city and state income taxation), with the exception of Dallas. Guess there goes the reasoning that Seattle's threat to tax Amazon is driving them out of town. Must be something else...

https://www.npr.org/sections/coronavirus-live-updates/2020/08/18/903526020/amazon-thinks-it-will-need-more-not-fewer-offices-in-big-cities?utm_medium=RSS&utm_campaign=nprblogscoronavirusliveupdates

4

@3 Sadly, this is indeed the root cause of the tuition hike. Much like the fiasco that Fannie Mae became, Sallie Mae took a decent idea (gov help with education) and got raided by Wall St. When the government is going to guarantee a specific percentage of the loan market, portfolio managers just use the government as the place to dump market losses. Sub prime mortgages and student loans used at for-profit schools were the bad deals that got shunted onto the government's books.
And where did that inflated tuition go? Student services and insurance bills. The number of non-teaching staff at universities skyrocketed in the past 30 years, as schools want to create a sense of value for the students. Those people in the Student Life department are making good money, with generous benefits packages. Health insurance for faculty, and general insurance for the school, has also skyrocketed. All that loan money is getting spent, but not on classroom education. Professors aren't suddenly making 6x the salary they were making in 1990, but there are 6x more non-teachers drawing a paycheck there.


Please wait...

Comments are closed.

Commenting on this item is available only to members of the site. You can sign in here or create an account here.


Add a comment
Preview

By posting this comment, you are agreeing to our Terms of Use.