The Debt Offensive

“From the late nineteen-eighties to the present, college tuition has increased at a rate four times that of inflation, and eight times that of household income. It has been estimated that forty-five million people in the United States hold educational debt totalling roughly $1.5 trillion—more than what Americans owe on their credit cards and auto loans combined.” Hua Hsu in The New Yorker: Student Debt Is Transforming the American Family. (Whatever university you start at, you always end up graudating from I.O.U.)

+ Speaking of universities and money, MIT Media Lab founder Nicholas Negroponte made an already difficult situation worse with his remarkably tone deaf comments about taking donations from Jeffrey Epstein. MIT Media Lab founder: Taking Jeffrey Epstein’s money was justified. “If you wind back the clock, I would still say, ‘take it.'” (Someone should wind back the clock on that statement…)