Tag: currency

A Federal College Loan Program Is Exacerbating the Racial Wealth Gap | Pacific Standard

A new report from Rachel Fishman of the New America Foundation, a non-partisan Washington, D.C., think tank, highlights yet another federal government program that’s similarly widening the wealth gap: the Parent PLUS loan program. The Parent PLUS program was created in 1980, its primary goal to help middle-income families pay for college during an era of high interest rates and increasing tuition. The loans, which are not subject to the borrowing limits on other types of college loans, carry a higher interest rate than student loans and are typically used by parents only after other kinds of financial aid and loans (i.e., student loans, federal subsidized and unsubsidized loans, etc.) are tapped out.

Indeed, the majority of Parent PLUS borrowers fit this profile. As the chart below, from the report, shows, over 50 percent of borrowers in 2012 had a family income over $75,000:

Among white borrowers, the Parent PLUS program appears to work as intended (i.e. as a financing mechanism for wealthier families). Among white families, the share of PLUS borrowers increases alongside income: Only one in 10 white PLUS borrowers in 2012 had a family income less than $30,000, and a third had an income over $110,000. Among black families, however, the opposite is true: a third of black PLUS borrowers in 2012 had an income under $30,000, while one-in-10 had an income over $110,000.

— Read on www.google.com/amp/s/psmag.com/.amp/economics/a-federal-college-loan-program-is-exacerbating-the-racial-wealth-gap

New Evidence Adds to Troubling Picture for Black Borrowers of Student Loans

For years, experts have worried about the disproportionate level of student-loan debt borne by black students. Two new sources of evidence — federal data and a report on a controversial federal-student-loan program — add to an already disturbing picture.
The federal data come from the National Postsecondary Student Aid Study, which provides the most robust picture of student borrowing, but has been released only every four years (it will come out every two years in the future).

When the 2015-16 data were published, on Tuesday, Robert Kelchen, an assistant professor of education leadership, management, and policy at Seton Hall University, posted a quick analysis of graduate students’ debt by race on his blog.
— Read on www.chronicle.com/article/New-Evidence-Adds-to-Troubling/243419

Black Guns Matter bringing gun rights workshop to Chicago’s African-American community – Chicago Tribune

As hip hop artist Maj Toure toured the country, he kept hearing the same stories of African-Americans facing gun charges because they didn’t know they were supposed to, for example, have a concealed carry permit.

Those stories and others about convicted felons having gun rights revoked prompted Toure, of Philadephia, to create the grass-roots organization Black Guns Matter and take his message of gun rights and firearms education to African-American communities all over. That includes Chicago, where he’s spending a month doing outreach and a training session this weekend.
— Read on www.google.com/amp/www.chicagotribune.com/news/local/breaking/ct-met-black-guns-matter-event-20180517-story,amp.html

The Reparations Puzzle

The idea of reparations for black people has attracted a considerable amount of attention in the last few years, especially after Ta-Nehisi Coates gave it a boost in 2014. But there’s been relatively little written on the details of how it would work.

To get the ball rolling, it seemed natural to play around with wealth survey data to see what reparations might look like in aggregate. When you start doing that, however, you run immediately into an odd problem created by the way that wealth is generally distributed throughout society.

Because wealth is distributed very unevenly within every racial group, any race-specific wealth transfer regime will either 1) open up massive racial wealth disparities going in the opposite direction of current disparities or 2) provide the vast majority of its benefits to the upper class.

The only way to avoid one of those two unsavory outcomes is to ensure any wealth transfer regime tackles both class and race inequality at the same time, as discussed below.

— Read on jacobinmag.com/2017/10/reparations-wealth-inequality-bruenig

Beyond Lavish

Beyond Lavish
— Read on www.iambeyondlavish.com/

RaVelle P. , the CEO and DESIGNER of Beyond Lavish Inc. Beyond Lavish  is beauty that exceeds all expectations. As a child she have always seen herself working runway shows and being a creator of endless  hair styling and fashion. After spending 6 years in the cosmetology industry as a stylist, platform artist, educator, and instructor she decided to continue on with her dreams. As she closely watched her surroundings, she realized that there was a market that needed to be tapped in to, and that market was  out of this mind fashion that you can not find in stores. With that concept, she created Beyond Lavish! In the year of 2008 she began her journey by teaching herself how to create these pieces ounce she was constantly turned down by many seamstress to re create her designs. She then became a self taught seamstress and have been working on perfecting her craft ever since. In 2010 she introduced a line of custom earrings, necklaces, and head chains that resulted in a great success! In the year of 2012 she finally introduced Beyond Lavish, Custom women’s Clothing to the world.  Her primary focus is to provide today’s women with exquisite but yet simplistic fashion that will separate you from the rest.  Get prepared to drop mouths, turn heads, and  be a complete show stopper  rocking your  BEYOND LAVISH when you walk in any room! This is your go to spot for the unique,fashion forward,  and futuristic pieces that specifically focus on class and sophistication, while tapping into the world of sex appeal and seduction. “I AM BEYOND LAVISH”……….and you can be too!

If Money Isn’t Slavery, Then The Police Aren’t Slave Patrol

Most Americans spend their lives working for others, paying off debts to others and performing tasks that others tell them that they “must” do… we work our fingers to the bone to pay off these debts, and the vast majority of us are not even working for ourselves. Instead, our work makes the businesses that other people own more profitable.

So if we spend the best years of our lives building businesses for others, servicing debts that we owe to others and making others wealthier, what does that make us? In 2015, the words “servant” and “slave” have very negative connotations, and we typically don’t use them very much.

Instead, we use words like “employee” because they make us feel so much better. But is there really that much of a difference? Yes, most of us might not be “legal property” of someone else in a very narrow sense, but in a broader sense we all have to answer to someone.

We all have someone that we must obey. And we all have obligations that we must meet or else face the consequences. Perhaps you don’t think that any of this applies to you personally.

Well, if someone came up to you and asked you what you truly own, what would you say? Because if you don’t OWN LAND, you don’t own anything!!

We Get Money…🗣Because We’re Held To!