Strike Debt Radio, Show #5, airs this Wed. April 2, on KPFA’s “Morning Mix”, 8-9:00AM. "What is Money?"
We explore how money is created, some common misconceptions about money, and we interview public banking advocate Ellen Brown, author of “The Web of Debt” and Green Party candidate for CA State Treasurer.
"JCS is considered a significant player within the private probation universe. Founded in Georgia in 2001 by a group of locals with backgrounds in law enforcement and the finance industry, the company has since expanded its operations to Florida, Mississippi and Alabama. Business has been good. Between 2006 and 2009, JCS more than doubled its revenue, to $13.6 million, according to a profile in Inc. magazine. And while recent revenue statements for the privately held company aren’t available, what is known is that JCS operates in some 480 courts across the country. In larger courts, JCS can net as much as $1 million in probationers’ fees each year, according to an estimate from Human Rights Watch.
To keep business booming, JCS representatives crisscross the South promoting the company as a free and effective “supervision services” program. (“Helping municipal court clerks kick their heels up in joy,” JCS promises in one magazine ad.) And yet, if private probation has seemed like a solution for struggling Southern cities, it has been a disaster for the many poor residents who are increasingly trapped in a criminal justice system that demands money they do not have, then punishes them for failing to pay.”
Laura Wells will speak at the Main Berkeley Post Office on Saturday March 29th at noon. Laura Wells is running for California State Comptroller with the aim of establishing the first Public bank of California.
Students at UC Davis have added their own twist to the schools PR campaign #OneUCDavis: #OneDebt.
Students everywhere are drowning in debt, and, #StudentDebt being non-dischargeable, financiers, investors and even the US Government is profiting off of and exploiting student’s precarious situation. The UC system has taken its guaranteed revenue stream - resting firmly on top of student’s backs - and invested in lucrative private construction deals and other large scale projects. As services and education quality (not to mention ) are defunded in “times of austerity”, the university continues to grow at the expense of its student’s futures. Higher education could rather easily by free and should be, but for now a whole generation of youth with bright dreams and big ideas are being foreclosed on by an enormous debt burden.
This is a systemic problem that requires a scale of collective engagement large enough to match the problem at hand. Remember: You Are Not a Loan!
“I think what I really made people aware of is the plight of the middle and upper middle class students in America. It’s a catch 22 where on paper families make too much money to qualify for aid but in reality we can’t afford the $60,000 price tags that are attached to our universities. The other thing is we look at loans as amazing solutions to the rising costs of education and it’s simply not. I think that colleges really need to evaluate the costs of their schools and how they can consolidate that to make it cheaper for students.”—Belle Knox, The Duke University Student Turned Porn Star (via majoringindebt)
“America — home of the land-grant university, the G.I. Bill and world-class public universities from California to Michigan to Texas — has fallen from the top in terms of university education. With strangling student debt, we are likely to fall further. What economists call “human capital” — investing in people — is a key to long-term growth. To be competitive in the 21st century is to have a highly educated labor force, one with college and advanced degrees. Instead, we are foreclosing on our future as a nation.”—Student Debt and the Crushing of the American Dream