The Daily Rumpus
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From Stephen Elliott
The US student loan burden surpasses the trillion dollar mark, ushering in the potential for another loan bubble crisis like that of 2008 and subprime mortgages.
Natalia Antonova recounts her all too familiar tale of crushing student debt.
...moreThe Atlantic captures photographs of graduates who have been unable to find a job in their fields of study and now find themselves in underpaid service sector jobs.
“From a cook in Athens with a degree in civil engineering to a waiter in Algiers with a masters in corporate finance, these young people have spent years studying hard to compete in the 21st century, only to discover that even the most desirable qualifications mean little in a distressed global economy.”
...moreAt Mother Jones, Mac McClelland writes a must-read piece about her time working in an online-shipping warehouse, exposing an appalling workplace reality at the center of popular and profitable cyber-retailers.
“It’s the first time anyone has ever tried to comfort me because I got a job, because he knew, and everyone in this industry that’s growing wildfire fast knows, and accepts, that its model by design is mean.
...more“The stimulus failed.” “The deficit is our biggest problem right now.” “Lower taxes are the best way to grow the economy.” “Regulatory uncertainty is clogging the economy.” “If you unshackle the rich, they’ll rev up the economy.”
According to Mother Jones, those are the six myths that “that must die for our economy to live.”
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Sheila McClear is blogging about being laid off from Gawker, at Gawker. “I was lucky to spend a year being a smart ass for a living, although it would be irrationally hubristic to view Internet news aggregating and the snark-blogging fishbowl as anything more than a Dadaist experiment.”
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