The College-Loan Scandal: Matt Taibbi on the Ripping Off of Young America | Politics News | Rolling Stone

The College-Loan Scandal: Matt Taibbi on the Ripping Off of Young America | Politics News | Rolling Stone:

The federal government has made it easier than ever to borrow money for higher education – saddling a generation with crushing debts and inflating a bubble that could bring down the economy

The bi-partisan congressional solution: delay a year, after which student loans go up to 7.25 to 8.8%. 

The president’s solution: Make a press-worthy attack on banks while ignoring skyrocketing base costs.

The results: an exponentially growing economic bubble whose burst will make the real estate bubble look like a polite hiccup.

The Journalism Internship From Hell

The Journalism Internship From Hell:

Editors cared about this sensational stuff because it had once sold newspapers. But now almost nothing inspired people to buy a hard copy from a newsstand when all of the same stories were available online, free, immediately. Even voyeurism couldn’t save these sinking ships, so why was I there? It was difficult to imagine Woodward and Bernstein sweating under the Miami sun, almost crying, disgusted with themselves for what they were doing. Would they call this journalism? Should I?