Sometimes I feel guilty about the crushing debt our generation is passing on to the next. Then I read news items like this;
Police said the gang members are part of a group of more than 1,000 youths who have used social media sites like Facebook to plan unruly gatherings on the beach on three of the past four nights.
Whatever!
“A year after rescuing Greece from default, Europe is staring into the abyss. The bailout has proved insufficient. Greece needs more money, and it can’t borrow from private markets where it faces interest rates as high as 25%.”
But not an abyss abyss.
“Already, unemployment is 14.1% in Greece, 14.7% in Ireland, 11.1% in Portugal and 20.7% in Spain. What are the limits of austerity? Steep spending cuts and tax increases do curb budget deficits; but they also create deep recessions, lowering tax revenues and offsetting some of the deficit improvement.”
Mere sentences later, he actually uses the word “mirage” in a different context. Missed it by that much!
Related.
On the heels of the SDA discussion about whether college/university was a good investment, comes this new piece by Time magazine. Here’s a synopsis:
A new report shows some undergraduate degrees pay off more than others — literally. Using data from the U.S. Census, the Georgetown University Center on Education and the Workforce’s “What’s It Worth: The Economic Value of College Majors” report, issued May 24, looked at 171 different majors and found that the difference in earning potential between one field of study and another can be more than 300%. TIME took a look at the 10 highest- and the 10 lowest-earning majors
On a personal note, may I admit that I smiled broadly when I saw that Mining and Mineral Engineering was in the top ten for Best Majors. For when I graduated as a mining engineer in the late 80’s I’ll never forget how all the “experts” told me what a dumb decision it was to be getting involved in a “sunset industry”. I guess they forgot about what happens the morning after the sun sets!
Yesterday Sun News TV’s Brian Lilley interviewed transplanted American agitator / community organizer Luam Kidane (h/t ‘batb’). Warning: Severe nausea may ensue.
Just imagine for a moment if a right-wing conservative came up from America and started spouting such drivel. The Left in Canada would go absolutely apoplectic. And rightly so by the way. But because one of their own is saying such things, it’s all perfectly fine.
Sometimes I feel guilty about the crushing debt our generation is passing on to the next. Then I come across a story like this. Whatever!
h/t RRR