Monday Open Thread |Students LITERALLY Selling Themselves??

Reading this…it got me in my feelings. There’s something fundamentally wrong to me with this.
College Grads Sell Stakes in Themselves to Wall Street

Instead of taking out loans, students can agree to hand over part of their future earnings in return for investment.
By Claire Boston

To pay for college, Amy Wroblewski sold a piece of her future. Every month, for eight-and-a-half years, she must turn over a set percentage of her salary to investors. Today, about a year after graduation, Wroblewski makes $50,000 a year as a higher education recruiter in Winchester, Va. So the cut comes to $279 a month, less than her car payment.

If the 23-year-old becomes a star in her field, she could pay twice as much. If she loses her job, she won’t have to pay anything, and investors will be out of luck until she finds work.

Wroblewski struck this unusual deal as an undergraduate at public Purdue University in West Lafayette, Ind. To fund part of the cost of her degree in strategy and organizational management, she sidestepped the common source of money, a student loan. Instead, she agreed to hand over part of her future earnings through a new kind of financial instrument called an income-sharing agreement, or ISA. In a sense, financiers are transforming student debtors into stock investments, with much of the same risk and, ideally, return.

In Wall Street terms, Wroblewski, a first-generation college student, is more small-company stock than Microsoft.
Those qualities impressed a company called Vemo Education, which vets students at Purdue and a handful of other schools on behalf of potential investors. More important, perhaps, Wroblewski believes in herself and her ability to make good on the contract. “Even with all my other loans, I knew I could make it work,” says Wroblewski.
Americans owe $1.5 trillion in higher education debt, a burden that weighs down their dreams and the U.S. economy. The Federal Reserve says millennials are now less likely to buy homes than young people were in 2005, and even senior citizens find themselves still making payments on their student loans.

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Posted in Economics, Education, Open Thread, Politics, Uncategorized | Tagged , , , | 106 Comments

Sunday Praise & Worship | Sweet Honey in The Rock

Posted in Christianity, Current Events, Gospel, Music, News, Open Thread, Politics, Praise, Worship | Tagged , , , , , , | 87 Comments

Saturday Open Thread | Keep On Pushin’

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Friday Open Thread | Presidential Town Hall with Julian Castro

Castro on reparations: US has never addressed original sin of slavery

Posted in 2020 Elections, 2020 Presidential Campaign, Current Events, News, Open Thread, Politics | Tagged , , , , , | 92 Comments

Nipsey Hussle: Memorial service at the Staples Center in LA, live stream

Nipsey Hussle’s Celebration of Life is about to begin at Staples Center, and TMZ is live streaming what’s expected to be a very emotional memorial service.

The slain Crenshaw rapper is being honored with a spectacular service in downtown L.A., where 21,000 people will turn out to pay their respects. So far G-Eazy, Big Sean, Big Boy, James Harden, DeMar DeRozan, Russell Westbrook and Meek Mill have arrived for the event.

The silver hearse carrying Nipsey’s body arrived outside the arena early Thursday ahead of the ceremony.

As you know, the free tickets to his memorial were hard to come by this week, as they were gobbled up within minutes after they were made available to Cali residents. It’s also a heavily guarded affair, with a mix of muscle from LAPD and Nation of Islam, as well as Staples Center personnel.

The memorial program is full of notes of goodbye and memories from close friends and family. Lauren London shared a touching text she sent to Ermias — Nipsey’s real name — before his death. There are also letters written by James Harden, DJ Khaled, Kendrick Lamar, LeBron James, The Game, and tons of others.

We also got the Order of Service and it confirms many of Nipsey’s celeb friends will be heavily involved … including Anthony Hamilton, Marsha Ambrosius, Snoop Dogg, Jhene Aiko, YG, Stevie Wonder and Big Boy. Minister Louis Farrakhan will also speak during the ceremony.

Posted in Memorial, Open Thread | Tagged , , , | 18 Comments

Thursday Open Thread | Senator Leahy ask AG Barr about his chat with Trump at a St Patrick’s Day event

What does Senator Leahy know? Notice how Senator Leahy raises his head up and asks “you sure of that”? Lawyers never ask a question they don’t already know the answer to. I think Senator Leahy has receipts.

Posted in Current Events, News, Open Thread, Politics, Russia | Tagged , , , , , , , , | 166 Comments

Wednesday Open Thread | Maxine Waters owns Steve Mnuchin

How is it these white men think they can trampled on Black women to get a laugh? Matt Whitaker did it to Sheila Jackson Lee and now Steve Mnuchin is with this fuckery. Black women don’t play that shyt. You will get checked big time.  You’d think Steve Mnuchin would have learned from the last encounter with Maxine Waters but no.  He tried again and failed. We don’t have the patience for nonsense. Don’t try us!

You’d think by now that the Trump regime might have figured out not to mess with Congresswoman Maxine Waters. Donald Trump spent two years hurling thinly veiled racist attacks at her, and it only served to elevate her stature as she became Chairwoman of the House Financial Services Committee. Now Trump’s Treasury Secretary Steve Mnuchin tried taking on Waters directly today, and let’s just say that it didn’t go well for him.

Mnuchin was scheduled to testify before Maxine Waters’ committee today, and at the last minute he informed Waters that he had an important meeting this evening with the leader of Bahrain, and that he would be leaving the hearing at 5pm whether it was finished or not. At best, Mnuchin would have known about this meeting well in advance, and purposely waited until the last minute to inform Waters. At worst, Mnuchin made a point of scheduling this meeting at the last minute so he’d have an excuse to bail on his testimony if it wasn’t going well for him.

Either way, Maxine Waters wasn’t having it. She told Mnuchin that he was free to get up and walk out, but she made no movement to call the hearing to a close. He seemed confused, and perhaps afraid that he if did try to leave without permission, she’d have him arrested for contempt of Congress. Waters didn’t have to make any specific threats, as the implied threat was working well for her; at one point Mnuchin meekly asked Waters to bang her gavel so he could leave, but he mistakenly called it a “gravel” – setting off numerous jokes across Twitter.

Of course the larger point here is that another House committee, the House Ways and Means Committee, is currently in the process of pulling Donald Trump’s tax returns. Steve Mnuchin, as the head of the Treasury Department, is legally prohibited from interfering with this process – but it’s widely expected that Trump will instruct him to illegally try to interfere anyway. So it’s noteworthy that as this tax return battle heats up, Maxine Waters the House Democrats appear to have Mnuchin running scared.

Posted in Current Events, News, Open Thread, Politics | Tagged , , , , , , , | 63 Comments