'We’re Frighteningly in the Dark About Student Debt'

We’re Frighteningly in the Dark About Student Debt, NY Times: ...The ... United States government ... has a portfolio of roughly $1 trillion in student loans, many of which appear to be troubled. The Education Department, which oversees the portfolio, is ... neither analyzing the portfolio adequately nor allowing other agencies to do so.
These loans are no trivial matter... Student loans are now the second-largest source of consumer debt in the United States, surpassed only by home mortgages. In a major reversal, they now constitute a larger portion of household debt than credit cards or car loans. ...

Who Owns the Post Office?

...This article describes how the creation of a misguided corporatized governance structure and undermining of public-interest-related objectives undermined the Post Office. The very fact that offices are being shuttered in rural areas that depend on the Post Office as a local anchor, leading to the death of communities, shows how far the modern Post Office deviates from its founders’ objectives.

Watch Texas Law Enforcement Blow Up 20,000 Pounds Of Illegal Fireworks

According to the Midland Texas Police Department’s post on Facebook, the department’s bomb squad assisted the Bureau of Alcohol, Tobacco, Firearms and Explosives in “the disposal” (translation: fiery destruction) of around 20,000 pounds of seized fireworks, over three days.

And yes, if you were wondering, officials only blew up the fireworks during the daytime, as “it was not meant to be a fireworks show.” The lesson being: If you buy illegal fireworks, you don’t deserve a show.

Yet it was recorded. ;)

Serbia Asks People To Please Stop Throwing Their Grenades In The Garbage

Hundreds of thousands of unregistered arms, many stashed away after the wars in the former-Yugoslavia in the 1990s, are estimated to be at large in the country with a population of 7.3 million. That is in addition to over 1 million registered weapons.

Parliament passed a law last month setting strict conditions for owning firearms, including medical and psychiatric checks, following a surge in gun-related crime.

People can hand weapons into the police under an amnesty that runs until June 4, or face up to five years in jail for illegal possession. But, fearing people will just dump their weapons, the Interior Ministry issued a plea on Tuesday:...

Exclusive: Lost City Discovered in the Honduran Rain Forest

I find it incredible that we still have so much to discover in previous human spaces, let alone the rest of our world.

An expedition to Honduras has emerged from the jungle with dramatic news of the discovery of a mysterious culture’s lost city, never before explored. The team was led to the remote, uninhabited region by long-standing rumors that it was the site of a storied “White City,” also referred to in legend as the “City of the Monkey God.”  
Archaeologists surveyed and mapped extensive plazas, earthworks, mounds, and an earthen pyramid belonging to a culture that thrived a thousand years ago, and then vanished. The team, which returned from the site last Wednesday, also discovered a remarkable cache of stone sculptures that had lain untouched since the city was abandoned.

Thoughts on the Israeli Election

For me, the salient—one might say searing—fact about the Israeli election is this: Bibi Netanyahu won, and won decisively, (a) after going to Washington to campaign against the President of the United States, (b) after unpardonably questioning the legitimacy of voting by the one fifth of Israeli citizens who are Palestinian Arabs, and (c) after repudiating the two-state solution to the Israeli-Palestinian conflict.

This fact will, I fear, reverberate loudly and for a long time in the U.S.-Israeli relationship.

Peak Cable

So again, why have all the people been fooled all this time? Twenty years have passed since the industry reached saturation and prices keep rising. Today the average cable bill is projected to rise to $200/month by 2020.

My answer is that disruption is predictable. Users are cutting cords, the “uncabled” or “never-cabled” are a significant portion of the population. 13.5% of broadband households with an adult under 35 have no pay-TV subscriptions. 8.6 million US households have broadband Internet but no pay-TV subscription. That’s 7.3% of households, up from 4.2% in 2010.  Another 5.6 million households “are prime to be among the next wave of cord-cutters,” according to Experian.

The Case for Free-Range Parenting

A study by the University of California, Los Angeles, has found that American kids spend 90 percent of their leisure time at home, often in front of the TV or playing video games. Even when kids are physically active, they are watched closely by adults, either in school, at home, at afternoon activities or in the car, shuttling them from place to place.

Such narrowing of the child’s world has happened across the developed world. But Germany is generally much more accepting of letting children take some risks. To this German parent, it seems that America’s middle class has taken overprotective parenting to a new level, with the government acting as a super nanny.

Just take the case of 10-year-old Rafi and 6-year-old Dvora Meitiv, siblings in Silver Spring, Md., who were picked up in December by the police because their parents had dared to allow them to walk home from the park alone. For trying to make them more independent, their parents were found guilty by the state’s Child Protective Services of “unsubstantiated child neglect.” What had been the norm a generation ago, that kids would enjoy a measure of autonomy after school, is now seen as almost a crime.