Aggressive Debt Collectors

April 19, 2011

April 19, 2011

“They said things like, ‘We know your father has been molesting you. Why don’t you have him take his cock out of your ass and stick it in your mouth? You know you like it. Why don’t you have your wife come over here and give us blow jobs? You’re a loser. Why don’t you jump in front of a train and kill yourself?’ I recorded all of it and sent it to my attorney, Joseph Mauro.”  Bart Bryant recalls his interactions with a collections agency in a recent article from Alternet, documenting the practices of today’s debt collectors.

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World Bank Chief: The World May Lose a Generation

April 17, 2011

April 17, 2011

“It’s probably too much to say that it’s a jobless recovery, but it’s certainly a recovery with not enough jobs… Especially because of youth unemployment… There is now a risk that this will be turned into a life sentence, and that there is a possibility of a lost generation,” said Robert Zoellick, as quoted by a recent BBC article (emphasis added).

Mr. Zoellick was using the phrase with poorer nations in mind, but I’m sure that he’d agree that this problem affects all nations in one way or another.

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Infographic of the Day: The Student Loan Scheme

April 12, 2011

April 12, 2011

It’s surprising to me that 25% of government student loans default.  More evidence that the biggest bubble in the American economy is growing fast.

The Education Bubble

April 11, 2011

April 11, 2011

There’s a lot of talk about the next bubble.  Some say it’s tech, but they’d be wrong.  While a few companies will always go out of business, tech is taking off for very good reasons – there’s nothing “bubbly” about it.

Peter Thiel, founder of Paypal, recently made a statement in Tech Crunch, making the point that education is the next bubble. I come to the same conclusion in my article written back in January.

Here’s a quick rundown of what the education bubble is, why it’s going to pop, and how we can avoid it.

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