Debt Crisis Archives - Public Seminar

Higher Ed

The Best Student Debt Forgiveness? Discharge Loans Already Paid

But to do that, the Department of Education would have to release its data

September 21, 2022 • by Susan F. Feiner

Today, in some states you can even lose your driver’s license due to unpaid student debt. Senior citizens on Social Security can have their monthly checks garnished by student loan debt collectors without a court order, an authority that is unique. Other borrowers have had wages, alimony, or IRS tax ...

The Best Student Debt Forgiveness? Discharge Loans Already Paid

The Internet

The Fall of Facebook

Plus the insurrection subcommittee prepares to confront Trump and the debt ceiling fight continues

October 5, 2021 • by Heather Cox Richardson

“hello literally everyone,” the official account of Twitter tweeted on Monday afternoon, after Facebook and its affiliated platforms Instagram and WhatsApp went dark at about 11:40 this morning. The Facebook outage lasted for more than six hours and appears to have been caused by an internal error. But the void ...

Politics

Battle of the Budget

What happens when the Republicans filibuster a necessary measure to keep the government operating?

September 29, 2021 • by Heather Cox Richardson

On September 27, the Senate considered a bill to fund the government until December and to raise the debt ceiling. The Republicans joined together to filibuster it. Such a move is extraordinary. Not only did the Republicans vote against a measure that would keep the government operating and keep it from ...

Education

Student Loans: The Origins of a Racket

The road to student loan hell was paved with good intentions

February 18, 2021 • by Devan Lindey

"Education can lift people and propel the country’s economy, but it can’t do that if it leaves many of its beneficiaries weighed down by life-altering amounts of debt." - Devon Lindey ...

Capitalism

As New York City Rebuilds, Business Can Be Part of the Solution

Higher taxes are necessary, but who will have the political courage to make it happen?

October 1, 2020 • by Kim Phillips-Fein

Early in September, more than 160 executives from companies like Citigroup, Goldman Sachs, the white-shoe corporate law firm Skadden Arps, and a host of real estate developers and financial firms sent a letter to Mayor Bill de Blasio. They expressed their fear that “deteriorating conditions” in the city might slow ...

As New York City Rebuilds, Business Can Be Part of the Solution

Uncategorized

The Greek Referendum: A New Battle of Marathon

The historical resonance, significance and challenges of ‘no’ on July 5th

July 6, 2015 • by Cinzia Arruzza

Some commentators have compared the victory of the "Oxi" at the Greek referendum of July 5th to a Pyrrhic victory, implying that while the anti-austerity camp won this battle, it is doomed to lose the war, strangled by the insurmountable economic difficulties caused by the lack of liquidity. Others have ...

Theory & Practice

Has Capitalism Seen Its Day?

May 9, 2014 • by Wolfgang Streeck

There is a widespread sense today that capitalism is in critical condition, and more so than ever since the end of the Second World War. Looking back, the crash of 2008 was only the latest in a long sequence of political and economic disorders that began with the end of ...

Uncategorized

The Politics of Public Debt

Neoliberalism, capitalist development, and the restructuring of the state

February 7, 2014 • by Wolfgang Streeck

This is the text of the Heuss Lecture (with audio of the Q & A below), delivered as part of the General Seminar series in the Wolff Conference Room of The New School for Social Research at 6 E. 16th. St. in New York on December 11, 2013.

From the ...

Multi Media

Towards the Next Default Threat?

October 17, 2013 • by Esther Kreider-Verhalle

This week The New School's Schwartz Center for Economic Policy Analysis (SCEPA) hosted three New School economists to discuss the economic and political fallout of the government shut down and the possibility of a default. Professors Teresa Ghilarducci, Rick McGahey and Christian Proaño discussed possible scenarios in case the United States ...