Student debt & financialization of academia

Paul Jay of The Real News Network interviews economist Michael Hudson on the lethal collusion of politics, banks, and academia that has inflicted a blanket of debt servitude on generations of American students.

Hudson devotes special attention to New York University, which he describes as a real estate company that wins tax exemptions by offering classes.

A transcript of the interview is posted here.

Frankie the First: The austerian pope

Pay close attention to this Oscar Leon report from The Real News Network on Jorge Mario Bergoglio, the Argentinian Cardinal transformed into Pope Francis I — signifying his homage to St. Francis of Assisi, that most austere-living of saints.

Indeed, watch the headlines displayed in the video, and their invocation of papal austerity as sign of the new pope’s conspicuous frugality.

Watching the video, we had a perverse thought.

Frankie’s no liberation theologian, out to redistribute wealth. No, he’s here to preach the religious benefits accruing from the embrace of austerity. The poor accrue virtue by acceptance of their status, nay, by embracing their status.

Looking back at the recent history of the Catholic church, we see an easy acceptance of fascism in preference to communism, the provision of escape lines for Nazi war criminals in the wake of Nazi defeat, and the ongoing cooperation and funding of radical right underground groups during the Soviet era.

Who better to sell the austerian message to the peoples of, say, Spain, Portugal, and Italy, that a Latin American pope who names himself after a hippie saint?

And he’s proven himself quite accommodating to oligarchical imposers of austerian measures, and now runs a city state with its own bank-with-a-troubled history, laundering both mafia and spook money.

Anyway, just a thought.

Pope Francis accused by family and friends of tortured priests

A full transcript of the segment is posted here.

UPDATE: Donning our Madison Avenue thinking caps, we came up with a slogan for the Vatican to use to sell folks on latter-day indentured servitude:

Poverty: Not just a necessity,
It’s a divine virtue!

‘How Your Tax Dollars Are Actually Spent’

Via Orwellwasright, a dramatic Al Jazeera visualization of the real budget battle’s driving engine, that military/industrial/academic complex Ike warned us about 52 years ago.

We suspect the real number’s larger. Nor were real impacts on, for example, academia made clear. Berkeley, with it’s bandolier of National Laboratories spawned by the search for The Bomb and expanded into engines of imperialism, as in the genetically engineered cops designed to conquer land rights and demolish peasant sovereignty on behalf of private profit and the interests of the U.S. military and their CIA drone-firing gunslingers now busily setting up shop in Africa, along with AFRICOM, the new military command launched by an Air Force general who lead the air war of Afghanistan.

And it was that same general who devixsed the strategy for converting the air force in agrofueled fleet.

Africa was also the first destination of crews from Berkeley’s BP-funded, national lab participating $500 million Energy Biosciences Institute, who launched searches for suitable crops to be turned into fuels using genetically engineered microbial refineries. If all those oil countries rebelled, at least there’d be fuel plantations, operating under the watchful missile-armed eyes droning overhead.

And that’s just one on many avenues in which the single largest burner of money shapes the landscape of possibilities. . .

Headline of the day: Paging Mr. Orwell

From Truthdig:

Koch Brothers to Buy the L.A. Times?

UPDATE: And, just for a reminder, here’s a little Abby Martin’s Breaking the Set  profile on the would-be media moguls:

Quote of the day: Seeing the future in urban form

From a stunning and very perceptive 1999 report by Robert Fishman for Fannie Mae Housing Facts & Findings on the trends shaping of American cities, past and future.

The number one trend he saw for the first half of the 21st Century is proving right on the money:

The past 30 years have seen increasing concentrations of income and wealth at the top of the income scale, relative stagnation in the middle, and worsening poverty at the bottom. Our respondents expect this trend to continue in the next 50 years, with possible dire consequences for American cities and regions. For growing disparities in income and wealth lead inevitably to an increasingly divided metropolis. If, as our respondents believe, these growing disparities of wealth will become the most important single influence on the American metropolis in the next 50 years, some of the negative consequences are detailed in the rest of the top 10 list: a perpetual “underclass” in central cities and inner-ring suburbs and the deterioration of the “first-ring” post-1945 suburb, as the struggling portions of the middle and working classes find themselves trapped in deteriorating older suburbs. On the wealthier side of the great metropolitan divide, we are likely to see the winners in our “winner-take-all society” isolate themselves in gated communities or other exclusive preserves at the edge of the region.

Other likely trends include a home-building industry increasingly focused on high-end “trophy houses” or “tract mansions;” a similar concentration in retailing on upscale malls; office parks located near the enclaves where the top executives live-locations that often leave the bulk of the employees with long, difficult commutes; and increasing disparities between the quality of the school systems and other services in elite suburbs versus less-favored suburbs and inner cities. We are also likely to see new building focused not just on the outer edge of a region but in certain “quadrants” favored by the affluent: for example, in Washington, DC, the Northwest; in Minneapolis-St. Paul, the Southwest; in Atlanta and Chicago, the North. For the affluent who choose to live in gentrified neighborhoods in central cities, the rule of isolation will also obtain, as the wealthy use the techniques of privatization, ranging from private schools to special tax-and-service districts, to insulate themselves from the urban crisis around them.

Headlines of the day: Austerity in action

Both at home [from the New York Times]:

Recovery in U.S. Is Lifting Profits, but Not Adding Jobs

And abroad [also from the New York Times]:

Greece, Creditors to Discuss Public Sector Layoffs

Mr. Fish: Corporate Super Model

From his blog of urticate urbanity, Clowncrack.

A must-see video: Wealth Inequality in America

From vlogger politizane, a stunning visualization of wealth inequality based on research by researchers Michael I. Norton [Harvard] and Dan Ariely [Duke]  reported in “Building a Better America—One Wealth Quintile at a Time,” published in Perspectives on Psychological Science [PDF].

For more on wealth inequality, see here.

Headlines of the day: Sheldon Adelson x 2

From Bloomberg Businessweek:

EuroVegas, Baby: Billionaire Sheldon Adelson’s Rescue Plan for Spain

From the New York Times:

In Filing, Casino Operator Admits Likely Violation of an Antibribery Law

Headline of the day II: So you glow in the dark?

From the London Times:

Fukushima cancer risk ‘played down to aid nuclear industry’

Quote of the day: The deep politics of online ed

From Patrick Bigger and Victor E. Kappeler, writing in anthropologies:

The decline of the traditional campus in favor of online education has the added bonus of post-Fordist dispersion of dangerous populations and elimination of sites of struggle and resistance. It’s also cheaper. Furthermore, the reassignment of educational costs to students and families through rising tuition mirrors the neoliberal tactic of shifting the cost of workforce training from the private sector to the public, as in decades prior. This has the added bonus of propping up the financial industry that holds more than $150 billion in private student loan debt. This debt is different from almost any other form of debt, in that it cannot be discharged in bankruptcy proceedings. It does not require much imagination to speculate as to what private financiers might do with $150 in debt assets, or its potential effects on the broader economy.

Finally, we note that in addition to having hugely negative ramifications for students and society at large, faculty will not emerge unscathed. The shift towards adjuncts and other forms of contingent faculty labor is well documented, as is the move to abolish the tenure system. However, these are only precursors of academic labor restructuring which the ‘training-ization’ of education promises. On offer is a three-tiered labor system consisting of a ruling class of content creators who designate what constitutes appropriate learning content and outcomes and who make course modules that can be licensed to individual institutions. The institutions (or individual academic units) would designate a content coordinator to select the modules best suited to their training programs. Finally, the vast majority of faculty would be relegated to the inauspicious position of “content deliverer,” clarifying the message of the content creator, contextualizing the material in the overall training program, and assigning grades to students who are overpaying for such certificates with extortionist private loans.

The shift toward training through the growth of online education is detrimental for students, educators, and society alike. But if this is the case, then why pursue this disruptive path? As in most things political-economic, this is a question best answered by asking ‘who benefits?’ In this case, the answer is fairly transparent: financiers backing for-profit education, private student-loan originators, and venture capitalists supporting online education software developers. As usual, the economic rationality is cloaked in the normatively positive language of ‘democracy’, ‘access’, and ‘efficiency’. In other words, the shift toward training is an explicit class project engineered to more effectively transfer wealth toward to those who already control a lot of it. Consequently, our response must recognize this transition as such and respond in kind.

Chart of the day: The Great Global Land Grab

From BEHIND THE BRANDS: Food justice and the “Big 10” food and beverage companies, a new Oxfam report [PDF} on the power and politics of food. For more information, see this Oxfam website. Click on the image to enlarge.

Headline of the day: Ja wohl, mein herr!

From The Independent:

Amazon ‘used neo-Nazi guards to keep immigrant workforce under control’ in Germany

Chart of the day: Is there a pattern here?

From Michael Greenwell:

San Onofre: Southern California nuclear roulette

We’ll begin with a Tuesday RT report on the plant:

The program notes:

Nuclear energy is responsible for powering nearly 20 percent of the US, and in Southern California the San Onofre nuclear power plant has created much debate in the surrounding community. The station has been closed for about a year due to a leak that was detected in the steam generator tubes, but despite the wishes of the people living the area to keep the plant closed, the utility company is pushing to bring the reactor back online. Arnie Gundersen, chief engineer for Fairewinds Energy Education, analyzes the situation.

Plant with a history

We’ve been interested in Southern California’s San Onofre nuclear power station since first arrived in California back in 1967.

We worked as a reporter and then as city editor for the late Oceanside Blade-Tribune, and the plant was a few miles to the north, a sight we passed often on trips to Los Angeles and Orange County. The plant’s second domed containment structure was rising at the time, and we occasionally mused about the potential impacts of an earthquake and/or tsunami [since the plant is right on the shoreline].

The 2011 earthquake-spawned Fukushima disaster increased our concerns, since we had family living a few miles from the reactor site.

Then came word last year that new steam pipes designed to last 40 years were failing after 22 months, forcing a shutdown of one of the plant’s two reactor units.

And the latest, stunning twist

Now comes word that plant owners Southern California Edison knew of the potential problems before the system was installed, but opted to go ahead anyway.

Abby Sewell of the Los Angeles Times reports:

[Sen. Barbara] Boxer’s office cited a leaked report from Mitsubishi Heavy Industries — the manufacturer of the steam generators — obtained by her office. It is the first indication from government officials that Edison and Mitsubishi knew the now-shuttered system had problems before it was installed.

Boxer and U.S. Rep. Edward J. Markey (D-Mass.) wrote to Nuclear Regulatory Commission Chairwoman Allison Macfarlane on Wednesday and said the Mitsubishi report “indicates that Southern California Edison (SCE) and MHI were aware of serious problems with the design of San Onofre nuclear power plant’s replacement steam generators before they were installed” and “rejected enhanced safety modifications and avoided triggering a more rigorous license amendment and safety review process.”

Read the rest.

More from the letter via Don Bauder of the San Diego Reader:

“This newly-obtained information concerns us greatly, and we urge the NRC to immediately conduct a thorough investigation” into whether SCE and Mitsubishi failed to make necessary safety enhancements, say the legislator. States the letter, “All people in our nation, including the 8.7 million people who live within 50 miles of the San Onofre plant, must have confidence in the NRC’s commitment to put safety before any other concern.”

Michael R. Blood of the Associated Press reports on corporate and government responses to the letter:

In a statement, the NRC said it received the letter and “will review all available information in making a judgment as to whether the plant would meet our safety standards if restart were permitted.”

Edison said in a statement the company “takes very seriously all allegations raised by the letter” and would comply with all requests for information and documents.

“SCE is strongly committed to the transparent review of its operations at San Onofre and the safety of the public and its employees,” the company said.

Mitsubishi spokesman Patrick Boyle did not immediately respond to an email and phone message seeking comment.

Read the rest.

Keiser Report: Horror Bankers Attack!

In one of his best episodes yet, Max exposes the confidence game that is quantitative easing after a delightful little excursion into the surrealism of modern banking praxis with co-host and inamorata Stacy Herbert.

The program notes:

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss Ben ‘Horror Frog’ Bernanke ripping the legs off the global reserve currency in order to defend itself from deflation, while in Europe, the Magritte and Dali of policymakers worry not about bankruptcy as long as the fraud flow fees keep flowing, or F-cubed. In the second half of the show, Max Keiser talks to Simon Rose of SaveOurSavers.co.uk about his recent experience giving evidence to the Treasury Select Committee and about the moochers living on the dole of quantitative easing while the Bank of England sits on one third of the stock of gilts with a ‘cunning’ plan to sell them one day and theoretically make a profit.

Quote of the day: Colonial war, rotten rationale

From Veteran BBC documentarian Adam Curtiss, writing in his blog, The Medium and the Message:

The West is worried about the rise of Islamism in Africa. There are two big fears — one is that there is a new international terror network that will come and attack Europe and America. The other is that sneaky Islamist groups like the Muslim Brotherhood will get themselves elected — and then promptly abolish democracy.

But behind these fears is an incredibly simplified — almost fictional — vision of the world. It possesses the minds of many western politicians, journalists and associated think tank “experts”. And at its heart is a kind of filter that wipes away anything complex about power and the struggles for power in African countries — and replaces that with a simple picture of the world as divided between goodies (us in the west) and dangerous frightening baddies who are out to destroy us.

It’s both blind and arrogant. And it’s terribly dangerous.

Curtis also features a clip from a documentary about the U.S. intervention in Somalia under Bill Clinton, filmed by British journalist Richard Dowden and featuring, from Mogadishu,

“a US marine interviewed on the street who puts it all so clearly:

“the place is filling up with American contractors all bidding to rebuild this joint. That’s all the Defence Department is. We’re bodyguards for American contractors ……………… You should know that – you’ve been to college.”

Quote of the day: The U.S. invades Africa

From veteran Australian journalist John Pilger:

A full-scale invasion of Africa is under way. The United States is deploying troops in 35 African countries, beginning with Libya, Sudan, Algeria and Niger. Reported by Associated Press on Christmas Day, this was missing from most Anglo-American media.

The invasion has almost nothing to do with “Islamism”, and almost everything to do with the acquisition of resources, notably minerals, and an accelerating rivalry with China. Unlike China, the US and its allies are prepared to use a degree of violence demonstrated in Iraq, Afghanistan, Pakistan, Yemen and Palestine. As in the cold war, a division of labour requires that western journalism and popular culture provide the cover of a holy war against a “menacing arc” of Islamic extremism, no different from the bogus “red menace” of a worldwide communist conspiracy.

Reminiscent of the Scramble for Africa in the late 19th century, the US African Command (Africom) has built a network of supplicants among collaborative African regimes eager for American bribes and armaments.  Last year, Africom staged Operation African Endeavor, with the armed forces of 34 African nations taking part, commanded by the US military. Africom’s “soldier to soldier” doctrine embeds US officers at every level of command from general to warrant officer. Only pith helmets are missing.

Read the rest.

Juxtapositionalism: First a fact, then a question

Sometimes two items just seem to go together, especially for a blog that’s devoted some attention to AFRICOM and its links to Pentagon plans to exercise military suzerainty over resources in times to crisis.

First, consider the latest move to bolster AFRICOM, the  command spawned by a general who’s since become a private sector agrofuel and security consultant.

From Eric Schmitt of the New York Times:

The United States military is preparing to establish a drone base in northwest Africa so that it can increase surveillance missions on the local affiliate of Al Qaeda and other Islamist extremist groups that American and other Western officials say pose a growing menace to the region.

For now, officials say they envision flying only unarmed surveillance drones from the base, though they have not ruled out conducting missile strikes at some point if the threat worsens.

>snip<

A new drone base in northwest Africa would join a constellation of small airstrips in recent years on the continent, including in Ethiopia, for surveillance missions flown by drones or turboprop planes designed to look like civilian aircraft.

Read the rest.

In light of the above, consider this question from Stephen M. Walt, Robert and Renée Belfer professor of international relations at Harvard, in a blog post headlined “Top ten tough questions for Hillary Clinton”:

U.S. military forces are now organized in various regional combatant commands, each under a designated regional “commander-in-chief” or CINC. These regional CINCs have a vast array of military, intelligence, and other assets at their disposal, and the resources they can bring to bear far exceed those of the State Department. For this reason, foreign governments often pay as much or more attention to the CINCs as they do to the U.S. ambassador, for the simple reason that the CinCs can do more for or against them. Here’s my question: if you were an ambitious young person who wanted to make a mark on U.S. foreign policy, why go to a nice four-year college and then join the Foreign Service? Wouldn’t it make more sense to go to West Point, Annapolis, or Colorado Springs and try to become a senior military leader instead?

Quote of the day: Headed for the last Roundup?

From Farm Industry News, reporting on the infestation of half of America’s farms by so-called superweeds, plants with genetic resistance to the glyphosate, the weedkiller in Monsanto’s market-dominating Roundup:

The area of U.S. cropland infested with glyphosate-resistant weeds has expanded to 61.2 million acres in 2012, according to a survey conducted by Stratus Agri-Marketing.

Nearly half (49%) of all U.S. farmers interviewed reported that glyphosate-resistant weeds were present on their farm in 2012, up from 34% of farmers in 2011. The survey also indicates that the rate at which glyphosate-resistant weeds are spreading is gaining momentum, increasing 25% in 2011 and 51% in 2012.

The Stratus Glyphosate Resistance Tracking study is conducted annually. It’s now in its third year. In 2012, Stratus completed interviews with nearly 3,000 farmers during the summer and fall.

Read the rest.