Archive for 2016

HIGHER EDUCATION BUBBLE UPDATE: College Loan Glut Worries Policymakers. “The government financed a large share of these educations through grants, low-interest loans and loan guarantees. Total outstanding student debt—almost all guaranteed or made directly by the federal government—has quadrupled since 2000 to $1.2 trillion today. The government also spent tens of billions of dollars in grants and tax credits for students. New research shows a significant chunk of that investment backfired, with millions of students worse off for having gone to school. Many never learned new skills because they dropped out—and now carry debt they are unwilling or unable to repay.”

If only someone had foreseen or foretold this, and could have warned them.

DON’T KNOW MUCH ABOUT HISTORY: Yo, Michelle Obama, The House You Wake Up In Was Rebuilt Under Harry Truman. “Okay, America, it’s time for a history lesson. When the First “Lady,” Michelle Obama, claimed recently that the house she wakes up in every day was “built by slaves” the poor woman didn’t realize just how badly she stepped in the historical quicksand. See, those who are enthusiasts of White House lore (this writer is one such person) know a few things about the Executive Mansion. One of those little tidbits of trivia is that in 1948, after the leg of Margaret Truman’s piano went through the floor, an assessment of the house was made and long story short, the Truman family was more or less evicted to live in the White House Guest House – along with a whole lot of the furniture – the day after the 1948 election. (The West Wing, a Teddy Roosevelt addition, however, was still available for the President’s use.) . . . The White House, as we know the Executive Mansion today, was rebuilt between 1949 and the end of 1951 for a total cost of $5.4 million, over 80 years after slavery was abolished. . . . So, Michelle Obama, was the White House built by slaves? Parts of the original, yes, but you aren’t living in the original. And the sad thing is, millions of us who have never lived in that particular residence know it, and you don’t after almost eight years.”

BOB FORWARD SMILES: How Do You Fly to Alpha Centauri in Just 20 Years? Ride a Laser Beam. “In the 1960s, the physicist and space futurist Robert Forward proposed a radical method of sending a spacecraft to the stars. Roughly speaking, the idea was to attach the spacecraft to a large light sail, and then push it by illuminating the sail with an enormous laser. Forward suggested that a powerful laser could accelerate a spacecraft to a large fraction of the speed of light, allowing it to reach some of our nearest stellar neighbors within a few decades. Until very recently, this idea remained solidly within the realm of science fiction. But today the outlook is beginning to change. In April, the physicist-turned-internet-billionaire Yuri Milner, together with Stephen Hawking and other notable scientists and engineers, announced that the Breakthrough Foundation would begin funding work on the concept of a laser-propelled starship, with the long-term goal of reaching the closest neighboring star system to our own, Alpha Centauri.”

ELECTRONIC MEDICAL RECORDS: A FLOP. “Dr. Peter Sutherland, a family physician in Tennessee, made the shift to computerized patient records from paper in the last few years. There are benefits to using electronic health records, Dr. Sutherland says, but grappling with the software and new reporting requirements has slowed him down. He sees fewer patients, and his income has slipped. . . . Since the financial crisis, the Obama administration has moved aggressively to push medicine into the digital age. As part of the economic recovery package, Congress enacted the Health Information Technology for Economic and Clinical Health Act of 2009. The legislation provided for federal incentive payments of $44,000 a physician to shift to electronic health records.”

Electronic records are also easier to hack.