Thank God It’s Thanksgiving Week Links – 3
* After years of leaning on tuition increases to make up for declining state support, about four in 10 public universities now report tuition revenue is not keeping pace with inflation, according to a new report by Moody’s Investors Service. Probably should cut funding some more and see if that helps.
* Initially, the university’s consultants claimed that AST would render a savings of $17 million. Over time that figure shrunk to $5 million, and by some accounts now is reputed to be as low as $2 million. Yet the university has already reportedly spent at least $3 million on this effort with even more spending on the horizon.
* What should be happening is the immediate cancellation of all “Third World” debt, just as the US government forgave far larger sums and bailed out its own banks after the 2008 financial crash. Moreover, developed nations actually have to add money for climate change induced “loss and damage” to the balance sheets of developing countries, rather than subtract it. Understanding Warsaw: Capitalism, Climate Change and Neocolonialism.
* The impact of recession is clear in countries with the most severe economic problems. In Greece, for example, suicides rose by 17 per cent and murder rates more than doubled between 2007 and 2011. Half of new HIV infections between 2009 and 2011 are estimated to have been self-inflicted to secure monthly benefits of €700. That second stat seems very hard for me to accept.
* And Democrats say sanctions forever. Forever, damnit!