[Leica] Fuji X-Pro1 - Jim

[scleroplex at gmail.com (scleroplex)]

exactly!!

everyone is talking about the rise in healthcare costs.
no one is comparing the rate of rise of higher education costs.
it is 6 times that of health care!

all the universities are raking it in and putting up flashy buildings with
gay abandon.
and no one is even looking at abuse of HEFA loans, which is as big a
scandal as mortgage loans if not bigger.

university boards are packed with real estate developers who get HEFA loans
from the government and spend the money on construction projects.

a good percentage of the loans are also invested in the capital markets by
university endowment funds and multiplied.
essentially rolling cheap tax money.
when there is a profit, the university keeps it.
when there is a loss, it is a public write-off.

nowadays whenever i see students and their parents touring the universities
here in boston,
i only think, here are the next lot of mugs!
these are the people who are deliberately left in huge debt,
which they then concentrate on paying off the next 30 years,
with no time for the policing of democracy at the local or national level.

bharani





Message: 16
Date: Wed, 21 Mar 2012 09:07:49 +0530
From: Jayanand Govindaraj <jayanand at gmail.com>
Subject: Re: [Leica] Fuji X-Pro1 - Jim
To: Leica Users Group <lug at leica-users.org>
Message-ID:
       <CAH1UNJ1=+AvJ7=jCJXTvdUnRM7o4DyhFqgib_OiKAHsMVxGP4g at 
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It is still considered a part of the parent's duty to fully educate their
offspring here in India (I am talking lower middle class and above here).
Of course, there is some self preservation involved, as it is still
considered a part of the offspring's duty to look after the parents in
their old age. My parents in law have always stayed with me, and my parents
with my brother - and they have done so for the past 20-25 years. The old
joint family systems have not noticeably broken down as yet, though in
urban India it is starting to happen.

As far as the USA is concerned, it is my considered view that the only
bubble that has not collapsed yet is in education - both in terms of
affordability, and the sheer weight of student loan debt that has no chance
of being repaid.

Cheers
Jayanand