The Daily Parker

Politics, Weather, Photography, and the Dog

Short rant about student loans

I posted this last night on Facebook:

It's so interesting to me that we're having a (manufactured) political argument about canceling $10k in student debt while all the countries we compete with are horrified that people even have to pay $10k to go to university. Even privatization-happy Brits flipped some constituencies to Labour in the last general election because the Tories raised university fees to £9,250 ($10,900) per year. The outrage isn't that we forgave a token amount of Federally-held debt. The outrage is that the richest country in the history of the world doesn't ensure its entire population gets the same education as the average teenager in Belgium.

One of my more rabid Republican friends did not like that, but I'll spare you his response. Instead, I'll note Paul Krugman's take on the topic:

The right is inveighing against debt relief on moral grounds. “If you take out a loan, you pay it back. Period,” tweeted the House Judiciary G.O.P. On which planet? America has had regularized bankruptcy procedures, which take debt off the books, since the 19th century; the idea has been to give individuals and businesses with crippling debts a second chance.

But, you may argue, student borrowers weren’t struggling to cope with a pandemic. True. But many student borrowers were suckered in by the misleading marketing of for-profit colleges; millions ran up debts but never received a degree. Millions more went into debt only to graduate into a labor market devastated by the global financial crisis, a market that took many years to recover.

So don’t think of this as a random giveaway. Many though not all of those who will benefit from debt forgiveness are, in fact, victims of circumstances beyond their control.

Of course, that's an argument based on facts and evidence, so it won't sway anyone on the far right. I just wish they'd find something else to do than get outraged over every single thing the administration does.

Still ridiculously busy

At least I don't have an opera rehearsal tonight. That means I might, just might, have some time to read these once I finish preparing for a 7am meeting tomorrow:

Finally, the old Morton Salt plant on Chicago's Near North Side opened last night as a new music venue called "The Salt Shed." It even got a new coat of paint.

I did not win the lottery

But someone did after buying a ticket at a Speedway gas station in nearby Des Plaines, Ill.:

Someone in a Chicago suburb beat the odds and won the $1.28 billion Mega Millions jackpot.

According to megamillions.com, there was one jackpot-winning ticket in the draw Friday night, and it was bought at a Speedway gas station and convenience store in Des Plaines.

The jackpot was the nation’s third-largest lottery prize. It grew so large because no one had matched the game’s six selected numbers since April 15. That’s 29 consecutive draws without a jackpot winner.

The $1.28 billion prize is for winners who choose the annuity option, paid annually over 29 years. Most winners opt for the cash option, which for Friday night’s drawing was an estimated $747.2 million.

The odds of winning the jackpot are 1 in 302.5 million.

Because each ticket costs $2, the break-even jackpot for Mega Millions is $605.2 million. That is, $2 is 1/302,575,350 of $605,150,700; therefore, a single $2 ticket is a reasonable bet for any jackpot larger than that. At $1.3 billion, two tickets give you an optimum risk-reward curve.

So, yes, I bought 3 tickets (thus wasting $2). Yet I did not win. Which is too bad, because I had planned to use the winnings to set up a fund for K-12 math education throughout Illinois, emphasizing those areas of the state with the highest per-capita lottery purchasing.

I sincerely hope that whoever won last night gets good legal and financial advice.

Tube strikes suspended this weekend

This is a bit of good news for my weekend getaway:

Long-running weekend strikes on London's Night Tube have been suspended after the Rail, Maritime and Transport (RMT) union accepted a concession from London Underground about rotas.

The bodies have agreed to have a minimum number of drivers who prefer to work overnight on each line.

The RMT stressed the dispute was not resolved, and the situation would be reviewed in three months at the latest.

Ongoing weekend strike action began in January and was planned until December.

The union said the industrial action had been taken to "prevent the ripping up of staffing arrangements that would wreck the work-life balance of drivers".

The strikes have affected the Central, Jubilee, Northern, and Victoria lines, two of which figure prominently in my plans this week as I'm staying in Holborn and spending time in Gospel Oak/Camden Town.

The extremism of libertarians

The town of Croydon, N.H., had a serious problem with its libertarians earlier this year, when extremists took advantage of low voter turnout to cut the school budget in half:

On a snowy Saturday this past March, the 2022 meeting began in the two-century-old town hall, where the walls are adorned with an 1876 American flag made by the “women of Croydon” and instructions to reset the furnace to 53 degrees before leaving.

Residents approved the town budget in the morning. Then they turned in the afternoon to the proposed $1.7 million school budget, which covers the colonial-era schoolhouse (kindergarten to fourth grade) and the cost of sending older students to nearby schools of their choice, public or private.

This is when Mr. Underwood, 60, stood up and threw a sucker punch to the body politic.

Calling the proposed budget a “ransom,” he moved to cut it by more than half — to $800,000. He argued that taxes for education had climbed while student achievement had not, and that based in part on the much lower tuition for some local private schools, about $10,000 for each of the town’s 80 or so students was sufficient — though well short of, say, the nearly $18,000 that public schools in nearby Newport charged for pupils from Croydon.

The town rallied and managed to reverse the budget cuts at a special meeting in May. But wow, this is just like the libertarians up the way who tried (and failed) to co-exist with bears rather than pay for a wildlife warden.

Another detail: as the Times points out, Underwood—the guy who argued school activities aren't necessary—"starred on the tennis team, ran track, played intramural sports and joined extracurricular activities in math, creative writing, radio and student government." So libertarianism works really well if you get a leg up on everyone else before kicking the ladder away.

Johnson resigns

In what The Economist calls "Clownfall," UK Prime Minister Boris Johnson (Cons) this morning resigned as Conservative Party leader and will leave Number 10 as soon as the party chooses his replacement. But the Tories have deeper issues—after all, they supported him through every scandal but this last one:

Boris Johnson’s government has collapsed at last. For months Britain’s prime minister wriggled out of one scandal after another. Now, irretrievably rejected by his own MPs, he has accepted that his premiership is over. He has asked to stay until the autumn, but he should go immediately.

Mr Johnson was brought down by his own dishonesty, so some may conclude that a simple change of leadership will be enough to get Britain back on course. If only. Although Mr Johnson’s fingerprints are all over today’s mess, the problems run deeper than one man. Unless the ruling Conservative Party musters the fortitude to face that fact, Britain’s many social and economic difficulties will only worsen.

Right up until the end Mr Johnson clung desperately to power, arguing that he had a direct mandate from the people. That was always nonsense: his legitimacy derived from Parliament. Like America’s former president, Donald Trump, the more he hung on the more he disqualified himself from office. In his departure, as in government, Mr Johnson demonstrated a wanton disregard for the interests of his party and the nation.

Despairing of yet another scandal, over 50 ministers, aides and envoys joined an executive exodus so overwhelming that the BBC featured a ticker with a running total to keep up. In the end the government had so many vacancies that it could no longer function—one reason Mr Johnson should not stay on as caretaker.

As for staying on as a caretaker PM, his party have other ideas:

[S]enior Conservative MPs are pushing back against the idea that Johnson should be allowed to stay in office for any longer and want to see an interim leader in place, such as Dominic Raab. Labour also said it would force a confidence vote on the prime minister unless he stepped down from No 10 in short order.

Support drained away from Johnson as more than 50 ministers and government aides resigned in a rolling walkout, while a slew of once supportive backbenchers declared no confidence in his leadership.

The revolt began on Tuesday evening with the resignations of Sajid Javid and Rishi Sunak as health secretary and chancellor respectively.

On the news, Sterling immediately started climbing from post-pandemic low of $1.19, and the FTSE 100 index also rose a bit. (The Pound hasn't traded at these levels since the mid-1980s, in fact, so I may have to stock up when I'm there later this month.)

Under the UK Constitution, the Prime Minister remains in office until the Queen invites a successor to take over, which will happen in this case when the Conservative Party elects a new leader. An early election seems unlikely, so the Tories will likely remain in power for a while, possibly until the next mandated election in January 2025.

Plug-in hybrid car + city living

Many people, particularly in the US, have suffered recently because of their choices to live in places without meaningful alternatives to driving, their neighbors' choices not to fund meaningful alternatives to driving, and a war in Eastern Europe that has directly and indirectly raised worldwide oil prices to real values not seen since 1973.

I feel a bit of smugness coming on. See, my house has a Walk Score of 95 and a transit score of 81. I live within 1500 meters (about a mile*) of two rapid-transit train lines and a heavy-rail line, not to mention nine bus routes, three of which operate 24 hours a day. I live within a short walk of multiple grocery stores, bars, restaurants, my Alderman's office, a Target, and basically everything I need.

Also, when my last car gave up the ghost 3½ years ago, I decided to get a plug-in hybrid. It can go about 40 km (25 miles) on a charge, so I hardly ever have to use its gasoline engine when I run ordinary errands.

So yesterday, when I drove to Bloomington, Ill., and back (round-trip: 466 km, 291 mi), I had to fill up for the first time since March 25th. Over the 100 days I went without buying gasoline, I drove 1,400 km (900 mi) and burned 34 L (9 gal) of gas, for an average economy of 2.4 L/100 km (97.9 MPG). In 3½ years I've driven 20,000 km (12,300 mi) and spent $395 on gasoline.

I know many people can't make the same choices I've made, but as a nation, we could make better transit and regulatory choices so that my experience is much more common.

* I'm going to translate everything into American** measurements for the benefit of readers who need to think about these concepts.

** Sure, they're technically "Imperial" measurements, but as that Empire no longer exists, and its remaining bits use the International System (SI), really the only people who need translations live in the United States.

San Antonio loses an orchestra

The San Antonio Symphony dissolved itself yesterday, to howls of anger from its musicians:

The board of the Symphony Society of San Antonio cited stalled negotiations with the Musicians’ Union and the lack of a labour contract.

In a statement on the San Antonio Symphony’s website, the board said: “The last bargaining session between the Symphony Society and the Musicians’ Union took place on March 8, 2022 after which the Union declined to return to the bargaining table, despite efforts of federal mediators and the Symphony.

The symphony’s musicians had been on strike since late September 2021, when they were asked to take a pay cut from $35,774 (£29,097) to $17,710 (£14,404) a year.

In September Mary Ellen Goree, chair of the San Antonio Symphony musicians negotiating committee and principal second violin, said musicians had been “shocked and appalled” by the proposal, which would have reduced their salaries to less than the living wage.

Goree suggested the board's move might violate an existing contract:

She cited a 2019 contract that specifies what needs to be done if there is a dissolution of the San Antonio Symphony Society, the board that manages the symphony.

She read an excerpt of the document to TPR: “Such transfer of assets shall be subject to the approval of the Union and the members of the orchestra, as well as the Board of Directors of the society.”

The only vote taken was within the Symphony Society.

The news reached Sebastian Lang-Lessing, the symphony's former music director, during a visit to South Korea. He said the move by management was indefensible.

“It's totally in contradiction with the mission of the San Antonio Symphony, and they need to be held accountable for that," he said. "By just dissolving now and ... to blame to the musicians is a very arrogant move.”

The union's own statement calls out the Symphony Board for financial mismanagement:

“What the Symphony can afford,” of course, is directly tied to what the leadership of the Symphony Society is willing to raise. It is telling that the past 30+ years have been an unbroken trend of the San Antonio metropolitan area becoming larger and larger, and the Symphony budget becoming smaller and smaller. Given our population growth and the number of corporations either headquartered or doing significant business in San Antonio, the idea that San Antonio cannot support an orchestra even at the level of Omaha, Nebraska (an orchestra with a $9M budget), is ludicrous.

On September 26, 2021, the SSSA wrongfully declared impasse and imposed draconian terms that would reduce the size of the orchestra by 40%, cut the pay (already barely above a living wage) of the remaining 60% by 33%, and offer most of the remaining 40% of the musicians a salary of just over $11,000 a year with no benefits. Agreeing to such terms would have been meant agreeing to our own destruction, so on September 27, the musicians called an unfair labor practice strike.

There seems to be a lot more to this story, and I'm curious if anyone down there might commit some journalism to finding out what.

Theft of the commons

Writer Eula Biss essays on the disappearance of common grazing lands through enclosure laws as part of a larger pattern of class struggle (and no, she's not a Marxist):

In the time before enclosure, shared pastures where landless villagers could graze their animals were common. Laxton [England] had two, the Town Moor Common and the much larger Westwood Common, which together supported a hundred and four rights to common use, with each of these rights attached to a cottage or a toft of land in the village. In Laxton, the commons were a resource reserved for those with the least: both the commons and the open fields were owned by the lord of the manor, and only villagers with little more than a cottage held rights to the commons.

As a visitor from the age of private property, it seems remarkable to me that commoners held rights to land they did not own or rent, but, at the time, it was commonplace. In addition to common pasture, commoners were granted rights of pannage, of turbary, of estovers, and of piscary—rights to run their pigs in the woods, to cut peat for fuel, to gather wood from the forests, and to fish. These were rights to subsistence, rights to live on what they could glean from the land. In the course of enclosure, as written law superseded customary law, commoners lost those rights. Parliament made property rights absolute, and the traditional practice of living off the land was redefined as theft. Gleaning became trespassing, and fishing became poaching. Commoners who continued to common were now criminals.

The story of enclosure is sometimes told as a deal, or a transaction, in which landowners traded away their traditional relationship with the landless in exchange for greater independence. By releasing themselves from their social obligations to provide for the poor, they gained the freedom to farm for profit. And this freedom, or so the story goes, is what allowed the increased efficiencies that we call the agricultural revolution. Commoners lost, in the bargain, the freedom once afforded to them by self-sufficiency. Dispossessed of land, they were now bound to wages.

The landowners who promoted enclosure promised “improvement,” and “improvement” is still the word favored by some historians. But we should be wary of the promotional language of the past. Leaving the commons to the commoners, one eighteenth-century advocate of enclosure argued, would be like leaving North America to the Native Americans. It would be a waste, he meant. Imagine, he suggested, allowing the natives to exercise their ancient rights and to continue to occupy the land—they would do nothing more with it than what they were already doing, and they would not “improve” it. Improvement meant turning the land to profit. Enclosure wasn’t robbery, according to this logic, because the commoners made no profit off the commons, and thus had nothing worth taking.

The whole essay is worth a read.