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Thread: Factory orders fall for third straight month

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    Re: Factory orders fall for third straight month

    Quote Originally Posted by Unrepresented View Post
    Yes. I'm very much aware that here in California we've seen all levels of higher education increase significantly in cost over the last few years. Attacking one of the fundamental means of economic mobility is immoral. I'm openly advocating it be reversed.
    The thing is California already has high taxes and it can't afford everything it wants to fund. Meanwhile, the state has more than $400 billion in combined debt, unfunded pension liabilities, and infrastructure needs. Something is going to have to give. Expense deferrals, unrealistic assumptions concerning investment rates of return, rosy revenue projections, and other assorted accounting quackery can take you only so far. Ultimately, some difficult choices will have to be made. Now, if you were in the state legislature and you had to choose between an alliance of public employees' unions and an army of pensioners whose benefits would have to be cut but who vote or young, generally apathetic college students who don't vote, which constituency would you choose? The answer is clear:

    Between 2007-08 and 2013-14, the state’s budget breakdown changed significantly. During the period, the state’s bond interest payments increased 24% and annual retirement payments increased 25%. Conversely, transportation, social services, the University of California, and the California State University’s portions of the state budget all shrank, illustrating the crowd-out effect on some of the state’s key services.

    Wall of Debt - Unsustainable California
    Нава́льный 2018

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    Re: Factory orders fall for third straight month

    new orders for manufactured goods declined 0.7 percent after a revised 0.5 percent drop in September.'
    Oh good, we're sticking it to Chinese goods right where it'll hurt them, now Wall-mart can empty their shelves of foreign junk.

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    Re: Factory orders fall for third straight month

    Quote Originally Posted by Unrepresented View Post
    It's a much larger problem than you're acknowledging.

    I'd like to see more specific data related to the matter.

    As I see it, there is a combination total between public community colleges and four-year of over $728 million with a combined default rate over 23%. That is considerably higher than the for profit skew I am seeing in the data you've posted. My guess is the information was presented to denigrate for profit schools.

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    Re: Factory orders fall for third straight month

    Quote Originally Posted by ocean515 View Post
    I'd like to see more specific data related to the matter.

    As I see it, there is a combination total between public community colleges and four-year of over $728 million with a combined default rate over 23%. That is considerably higher than the for profit skew I am seeing in the data you've posted. My guess is the information was presented to denigrate for profit schools.
    As I said, there's room for reform across the board, but for profit is IMO really low hanging fruit when you combine debt rates, default rates, and graduation rates.
    "The side that stays within its fortifications is beaten." ~Napoleon

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    Re: Factory orders fall for third straight month

    Quote Originally Posted by Unrepresented View Post
    As I said, there's room for reform across the board, but for profit is IMO really low hanging fruit when you combine debt rates, default rates, and graduation rates.
    I guess we have different definitions of low hanging fruit. When one considers that public colleges and universities are also taking in billions in taxpayer subsidies, the financial pillaging is most significant there.

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    Re: Factory orders fall for third straight month

    Quote Originally Posted by ocean515 View Post
    I guess we have different definitions of low hanging fruit. When one considers that public colleges and universities are also taking in billions in taxpayer subsidies, the financial pillaging is most significant there.
    My definition of "low hanging fruit" in this case is protecting consumers (students) from low quality, incomplete, and debt building investments.
    "The side that stays within its fortifications is beaten." ~Napoleon

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    Re: Factory orders fall for third straight month

    Quote Originally Posted by Unrepresented View Post
    My definition of "low hanging fruit" in this case is protecting consumers (students) from low quality, incomplete, and debt building investments.
    I don't think you've considered all the angles.

    It would seem your assumption is for profits are low quality, incomplete, and debt building organizations. I have never seen any data that would suggest that.

    I do see for profits as being more willing to take on low quality, incomplete, debt building students who couldn't muster the qualifications to even get into a community college. It should be expected that such poor students would generate a higher default rate.

    Not sure if an opportunity of last resort for people unqualified for anything else should be singled out as the first line of attack in reform. That seems to be an initiative a public educator would be hoping for.

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    Re: Factory orders fall for third straight month

    Quote Originally Posted by ocean515 View Post
    I don't think you've considered all the angles.

    It would seem your assumption is for profits are low quality, incomplete, and debt building organizations. I have never seen any data that would suggest that.

    I do see for profits as being more willing to take on low quality, incomplete, debt building students who couldn't muster the qualifications to even get into a community college. It should be expected that such poor students would generate a higher default rate.

    Not sure if an opportunity of last resort for people unqualified for anything else should be singled out as the first line of attack in reform. That seems to be an initiative a public educator would be hoping for.
    When are community colleges turning away students? The qualities you're describing are what community colleges are intended. They're an entrance for students not yet prepared for the higher tiers of the university system.
    "The side that stays within its fortifications is beaten." ~Napoleon

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    Re: Factory orders fall for third straight month

    Quote Originally Posted by Henry David View Post
    Well, the 321,000 new hires were probably waitresses and janitors...
    Just as a reality check, hourly wages saw their largest month over month increase in over 2 years.

    Table B-3. Average hourly and weekly earnings of all employees on private nonfarm payrolls by industry sector, seasonally adjusted

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    Re: Factory orders fall for third straight month

    Quote Originally Posted by Unrepresented View Post
    When are community colleges turning away students? The qualities you're describing are what community colleges are intended. They're an entrance for students not yet prepared for the higher tiers of the university system.
    So why do for profit colleges exist? Why would a student go there rather than a taxpayer subsidized community college at a fraction of the cost?

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