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Law schools are merely the place where the craziness of the system is most self-evident.
Having been at ground zero in the home loan fiasco, I can only add:
1. Why would you do any underwriting on a guaranteed loan?
2. What is the value of a financial asset where the underlying borrower can never declare bankruptcy? Trust me, there will always be a market for the debt.
3. You need to follow the securitization train.
1. You'd do underwriting if the guarantor arranged to imprison or kill you for not doing underwriting. (Yes, this isn't happening.)
2. The value depends on how strong the private security force of the debt "owner" is. Debt slaves do tend to rebel. Violently.
3. Oh yeah.
I graduated from law school in 2006 at age 25. my final loan isn't scheduled to be paid off until 2039 when I will be 58 years old. I haz a sad.
Oh, I'll be dead before my loans are paid off, I'm sure of it.
Did they change the maximum duration for student loans? It was 30 years when I went to law school ten years ago.
It's literally forever now. Since they cannot be discharged, they are kind and let you pay as a portion of your income.
Do these things get passed onto your kids?
Actually, death is one way your loans can get discharged – the debt does not pass on to your heirs.
DanMulligan: So are you saying student loans are not a "bubble?" If so, I think you're right. There may be some moral issues invovled in the current system, but there's no real chance of investors losing great deals of money. Of all the hobbyhorses for liberal blogs to jump on, this is one of the most annoying. Here's a hint — there's plenty of people in this country who have it far worse than college students with onerous debt loads. You could do far more good by pushing for programs to pay off debt at payday lenders and other predatory lenders.
An Autobiographical Play, by Anonymous
ME: So I know I got this student loan but I can't pay it. I don't have any money.
CITIBANK REP: You need to pay $X to bring your account current. Can you pay anything today? Are there any friends or relatives who can pay it?
ME: No, and if I was going to ask them for money paying you would be far down the list of priorities. I've been disabled since last year and Social Security Disability is my only income. Could I get some sort of deferment? I *might* be able to start making payments in 3 years or so.
CITIBANK REP: I can do 1 year max. Paperwork's in the mail. Best fill it out quick because we'll keep charging you.
ME: God Bless America!
Doesn't being on social security disability qualify you for forgiveness?
Only for government loans. Since you brought that up I'd also like to mention that customer service agents working for the federal government are much more pleasant to deal with.
Yes. I've never had a problem working with the Dept. of Education folks regarding my student loans. They've been really good.
customer service agents working for the federal government are much more pleasant to deal with.
But but but… That's impossible! Free hand of the invisible market! Evil government workers!
But slightly more seriously, can you imagine what kind of person you'd have to be to work in customer "service" at one of these loan places? It'd take a particularly hardened and/or twisted type of individual to enjoy telling people all day long that they didn't give a shit how fucked up their lives are, they want their money now thankyouverymuch.
But I guess there's a good spot for loan sharks that want to go legit and stop breaking kneecaps. They even already know the business.
The part you left out is the part where you agreed to the terms. Unless you are a retard, or for some other reason was not legally competent when you agreed to the terms of the contract, why shouldn't those you contracted with expect you to hold up your end?
And why do you *now* believe it's such a hardship to expect you do do your part?
I took out student loans. I paid them back.
I guess that makes me the sucker.
That's one part that bothers me a great deal. I realized my student loan debt was becoming more than I could afford to pay back in a reasonable amount of time so I left college. I didn't get a degree and I'll always hate that, but I realized I was on the hook for my loans and had to make some hard choices. I realized that I was an adult and didn't expect anyone to save me from my poor judgment.
When I hear a 20-something complaining about student loan debt I just want to punch them. Nobody is putting a gun to their head and demanding they take out too much debt — they made a choice and are now trying to use the hardship it causes them to demand a mulligan. What's going to be done to deal with the hardships I have experienced? Should I demand that the government pay for the 1 course I need to finish my degree?
Nobody is putting a gun to their head and demanding they take out too much debt…
True, there's no explicit coercion or anything like that, but these days, a college degree is more expected in order for one to get gainful employment. Back when my father started working in the mid-1960s, one could still get a decent job (like he did) with out a college degree (and he didn't have one). No one's hiring for the job my dad did for 40 years (at the place he did). So I can understand why someone going to college these days feels between a rock and a hard place: complete college in debt, or leave and take your chances that you'll be deemed less qualified for a decent job.
James, bankruptcy exists for a reason.
Making student loans "not dischargeable in bankruptcy" is obscene, and brings us back to the days of debt slavery. There's supposed to be some risk to lending, including the risk that the borrower will have unfortunate accidents (the leading cause of bankruptcy is medical problems).
If there's no risk, there's no excuse for charging interest above T-bill rates.
We allow bankruptcy in this country because sometimes shit just happens. That the same shit that can put you in a position to default on the car loan you agreed to is somehow inapplicable to the student loan you agreed to is fucking ridiculous.
I agree people should pay it back. Sometimes you really, truly, can't. Those people are completely screwed. Glad to know you think that's cool — you have all the qualifications needed to be a customer service agent at one of these places.
James: debts which CANNOT be repaid, WILL NOT be repaid.
The default rate on student loans is going to skyrocket. This is actually already starting.
I think law school is the place where the craziness of the system is the least self evident. Courtrooms, legislative/congressional committees, captured regulatory agencies, those are places where the craziness is turned up a notch or three.
What is that photograph?
Coal miner with a canary.
Thanks. I couldn't see because of the black and white.
My sensibilities are shaken by the slightest defect.
What a great picture. I'm going to steal it for futre use.
Some people apparently think that loans that can't get paid, still will be paid–somehow.
After the non-dischargable debt is auctioned off to the highest bidder, the Ownership Society will be able to offer a selection of indentured service contracts to the indebted graduates. Alternatively, they can sell their organs. Through the MorganStanleySachs Equitable Health Futures Exchange, naturally. Fees are quite reasonable.
I kinda think they will try that. However, I think what would happen would be…
Look at the public mood. People are cheering Christopher Dorner, because the rest of the LAPD are callous killers who shot innocent *newspaper delivery women*.
There's only so far you can push people — especially educated people, who have learned of a *lot* of options.
Creating an underclass of highly educated unemployed people in debt slavery is about the stupidest possible thing the elites could ever have done, if the elites wanted to remain in power.
I don't know whether the laugh, cry, or wish for a disaster to destroy the nefarious clowns involved in this assault on young people.
Nearly all student loans — over 90 percent of them last year — are made directly by the State, which asks little about borrowers' ability to repay, or about what kind of education they intend to pursue.
The State doesn't care if one can pay. All the State cares about is making sure that the banks and colleges get to screw one, and — if they can manage to get one to "consent" for that screwing, then so much the better.
This student loan bubble will be THE next bubble to bust, and the worst part of it is that it was targeted directly at inexperienced people of barely legal age. It has screwed 'em young adults both through exploitive terms (cf. the no ability to discharge that debt via bankruptcy) and the feedback mechanism into college pricing.
But what will the burst of this bubble look like and what will be the short-term and long-term consequences?
I can't say, but I have been hedging my wealth against further devaluation of the Dollar for 3 three years now: physical gold and silver.
In 2008, the governments of the Western world bailed out the banks (except Iceland).
The student loan bubble busting means the governments busting; most of them student loans in the US are backed by the US government.
The biggest of all bubbles is the government bubble now.
And no one will bail out the government.
I can't say, but I have been hedging my wealth against further devaluation of the Dollar
Dammit, and you were halfway sane in this thread to. WHAT further devaluation?
The dollar loses value every year due to inflation, which has been running at incredibly low rates over the past five or so years. In fact, if we end up in another financial crisis or other disaster, the economy will contract again, which tends to make dollars worth MORE, not less.
Unless you meant the devaluation of the dollar on international markets. Which I don't know how we stack up against the other currencies currently… but I also don't know why you'd care.
I care because I trade a lot and I am exposed to the US dollar, and seek to hedge that exposure.
Suppose you are a Chinese manufacturer. You sell goods to the United States. They pay you in dollars and you take those dollars back to China. When you exchange those dollars into Yuans (¥), that's going to drive UP the value of the Yuan. But instead of that happening, the value of the Yuan stays the SAME… You do exchange those dollars for Yuans, but the Chinese central bank prints Yuans TO BUY those dollars, so as to keep their currency where it is. By doing this however, China is importing INFLATION from abroad.
The USA are also doing the same thing. They are cheapening the Dollar to increase exports, by making export prices less expensive. The problem here is that a country like China or the US does not just export, it also IMPORTS. The USA for instance import more than it exports. So if the Federal Reserve cheapens the Dollar, the price of those imports is going to go UP, which will bring inflation into the United States from abroad. The American people will be paying much more for iPads and iPhones and flat-screen TVs and French wine and vacations in Italy and clothes made in Korea. It brings inflation into a country, and that's why a currency war is always a losing game.
And when you devaluate your currency that way, it generates retaliation from other countries. China reacted to the devaluation of the Dollar by trashing the Yuan in return. (Weaker countries who can not do that develop measures of capital control, such as freezing the assets of foreign investors for extended periods, which can trigger trade wars.)
Growth (gross domestic product) = consumption + investment + government spending + net exports
There is too much debt around the world now: sovereign debt, corporate debt, consumer debt, individual debt, student loans, car loans, etc. Too much debt that can't be paid, and won't EVER be paid.
Individuals can default, corporations can go bankrupt, but governments usually don't. The US government is not going to default on its $16 trillion debt. It will just print the money, and pay the debt with severely devalued, virtually worthless "money." Governments who print their own currency don't have to default. They can just inflate their way out of their debt.
The US governement and the Federal Reserve want higher inflation in the USA because the dominant force in the global economy nowadays is deflation. Widespread debts lead to generalized deflation.
So to fight deflation and to boost exports, the USA began in 2009 to "print" a lot of money. A LOT. By "printing money," we mean that the Federal Reserve buys Treasury bonds from the market in exchange of dollars. The Fed credits bank accounts electronically. We are talking about computerized entries into the Federal Reserve's ledger. The Fed literally types in an addition of X billion or Y trillion dollars into its balance sheet, creating dollars out of thin air that exist as zeroes and ones on a computer server, and then use those new dollars to purchase US Treasury bonds. In this way, by INFLATING the supply of dollars, the Fed devaluates the Dollar. It has debased the US dollar by roughly one half the total GDP in less than four years.
But why are not the prices out of control in the USA yet, despite the Fed having increased the money supply by several trillion dollars?
First, a lot of inflation (US dollars) went to China.
Second, the VELOCITY of money is very low now. Velocity is the turnover of money, how quickly money turns over: do I take it and spend it, or do I stick it in the bank.
The Fed can increase or decrease the money supply, but it can not control how it is being spent or saved.
Well, if I take my friends out to dinner and you know, the restaurant owner uses the money to buy some new equipment or whatever, that money starts to have velocity, which means it's getting used; but if I take it and stick it in the bank, or if I take it and buy gold, that money has a velocity of zero because it's not being used.
The Fed can not control how money is being spent. It's behavioral, it depends on how I feel and how you feel and how everybody feels. And frozen money does not affect prices.
The government has to affect behavior in order to control the velocity of money, which means they have to make the people worry about inflation, or scare you into spending your money. They think that by holding "interest rates" low, they can encourage inflation. And they bet on the people, spooked by inflation, will get out and buy cars or houses before the prices go up. The US government also tries to increase "lending" because it wants to get inflation ABOVE the interest rates. If borrowing rates are two percent and inflation is four percent, that's a NEGATIVE interest rate. Which means that you can pay back the loan in cheaper money. So it's actually not only a low interest rate, it's FREE MONEY. The bank is PAYING you to borrow because you can pay them back in cheaper dollars, in dollars of lesser purchasing power.
And that is precicely what is happening. The US and many other countries want to do pay back their debt in a severely devalued currency. It's called "monetizing" the debt.
They're doing so by cutting interest rates to near zero, and by printing money. Printing money de facto creates negative interest rates because the value of the dollar is eroded by this inflation of the money supply.
Teal dear. Condense, friendo
I'm not sure that dollar and yuan are supposed to be capitalized like that.
Devaluates is not a word.
If you do a lot of business that requires dealing internationally, I can see why you'd be concerned about the value of the U.S dollar as it relates to other currencies. I don't get what that'd have to do with your personal finances, though. The only reason I could see to stock up on precious metals is if you can get really good prices and it's a long-term investment. As a hedge against inflation, that seems like gambling on the fact we'll turn into Germany into the 1920s.
Also, I don't think the Federal Reserve is trying to encourage inflation.
I mean, I wish. I'd love some inflation. I could do with three or four years at five percent. But the Feds seem to be crazy paranoid about that.
If you do a lot of business that requires dealing internationally, I can see why you'd be concerned about the value of the U.S dollar as it relates to other currencies. I don't get what that'd have to do with your personal finances, though. The only reason I could see to stock up on precious metals is if you can get really good prices and it's a long-term investment.
Gold is not an investment; it's sterile; gold is money; it's the currency of all currencies. That's why gold is needed to bootstrap a new currency, a new monetary system, a new national banking system.
Since we are living in a time of massive, systemic corruption; with a global deflation; whilst state governments publicly, overtly aim at inflating their own money supply, thus creating monetary inflation — gold is a proper STORE OF VALUE. Ain't the only one; anything that is physical, and receals actual value: farmland, cattle, guns, ammo, grains, etc.
The Dollar is losing value against physical commodities since 2000 in a DRAMATIC manner. Not only against gold. Watch the prices of corn and of cattle.
It's the not that gold is becoming more expensive; it's the purchasing power of the Dollar that is devolving.
An ounce of gold buys you now the same quantity of oil or corn than it did 50 years ago.
Furthermore, we're seeing the disintegration of the financial and monetary system before our eyes. There's NO ACTUAL REGULATORY OVERSIGHT OF THE FINANCIAL INDUSTRY anymore.
Gold does not require a third party. You own it physically. It's pretty safe when there's hardly any faith and credit within the system anymore.
Google "rehypothecation." The banks are all doing this now.
Gold is just a very compact storage of wealth.
I don't think the Federal Reserve is trying to encourage inflation.
Google "nominal GDP targeting".
Gold…something, something…Gold.
I'm pretty sure I could've heard this same speech back in the 1890s.
I will simply respond and tell you that gold has no fixed value. It is simply a commonly accepted trade currency. In a famine, you can not eat it, in a war you can not shoot it. You cannot put it in the ground and grow a gold tree.
It is like the US dollar, just another means to represent wealth.
No. Gold does not represent; it is wealth IN ITSELF. It is self-referential. Some kind of performative value.
I did this. And lo and behold, a whole lot of stories about how the inflation hawks at the fed are terrified of inflation rising above 2%.
Gold does not represent; it is wealth IN ITSELF. It is self-referential. Some kind of performative value.
I do not think gold works that way.
It's a very malleable, very soft metal. It's pretty, and it's semi-rare, which made it a good currency back in the day. But why does gold represent wealth more than, say, salt does? A number of societies used salt as money and it worked pretty well. And it's actually useful, which gold really isn't.
I don't think the dollar can lose value against physical commodities. Physical commodities can get more expensive, but that's not entirely the same thing.
This opinion has two deficiencies. One is the fact that gold is not "the" intrinsic measure of value. In fact, Western world has mostly used silver as bullion metal. Pure gold standard was an important, but ultimately short-lived phase of monetary history. Its importance stems from the fact that gold standard was used in the era when
a) Great Britain was the most important superpower.
b) US became a superpower.
On the other hand, many countries have had successful economic development without gold standard. As an example, Sweden gave up gold standard in 1710s and did not return to bullion standard until 1770s. And during that time, they had the most democratic form of government of the Western world, and were pretty successful economically.
The second, more important point is that if you were right, and gold were intrinsically important for an economic system to re-start, you would be sure to lose that gold in that hypothetical re-start. Look at 1933: FDR confiscated all bullion in the US. After that, even those who were able to retain their bullion hoards were unable to trade in gold. No one would accept it as payment, as holding gold bullion was illegal. You could as well stash crack as a hedge against inflation.
The Dollar is losing value against physical commodities since 2000 in a DRAMATIC manner. Not only against gold.
That's why property values have skyrocketed since 2007. Because nothing holds value like land.
Winchester's ideas intriguing; newsletter?
We know what he thinks of gold, guns, meta-tribes, the shape of male and female bodies and the homosexualists. But what does he think of the following?
Tara Lipinski
The Chariots of the Gods
Jason Statham
Those that from afar look like flies
Fluoridation of children's ice cream
Jack Morris
I don't think an ounce of gold buys the same amount of wheat, or oil or whatever as it did 50 years ago– that seems to run counter to the way that money works. Do you have authority for that?
A number of societies used salt as money and it worked pretty well. And it's actually useful, which gold really isn't.
1. The folks I study used beaver pelts ("made beaver") to represent value. Gold was pretty hard to come by in the northern two-thirds of North America.
2. There's a reason that Thomas More, in Utopia, made gold the metal of chamber pots and chains.
The nominal price of wheat (earthpolicy.org) in 1960 was 1.58 $/bushel and of oil (inflationdata.org, Illiois Crude), 2.91 $/bbl. In 1960, gold was 35.27 $/oz (nma.org).
Currently (data from this or last week), wheat is at 9.02 $/bushel, oil at 115 $/barrel and gold at 1669.4 $/oz. (All data from indexmundi.com)
Thus, in 1960, an ounce of gold bought some 22 bushels of wheat or 12 barrels of oil. Now, it buys 185 bushels of wheat or 15 barrels of oil. For me, this tells that wheat is going to get more expensive, not gold.
re: Nominal GDP targeting
Nominal GDP is the inflation rate plus inflation-adjusted GDP. It refers to the value (in dollar) of the production of an economy; it signals a nation's ability to pay off its debt.
When you don't have much GDP growth, you will not be able to pay off the national debt. The Fed said clearly it will encourage higher inflation so as to boost nominal GDP, thus throwing in the towel on inflation. Fed vice-chair Janet Yellen openly supports this move.
Inflation is low now because a) it's in China, and because b) the velocity of money is pretty low. But there's no way to predict any change regarding that velocity; and China is pretty fed up with American monetary policy; China has actually declared a currency war in 2010.
And this all started with a simple question regarding the consequences of the bursting of the student loan bubble.
Anyone else care to take a shot at it?
Should the scenario you're describing come about, you'll find that gold makes poor bullets. I've never understood the idea of gold as some currency of last resort — you would have to get someone to trade valuable things (food/weapons/tools) for a substance that they can't make other valuable things out of and can't easily determine is genuine.
As to "nominal GDP targeting" — that's a great idea, but it's not Fed policy. They've announced that they will continue their extraordinary measures until an economic recovery is well underway, but they have not announced any commitment to nominal GDP targeting.
TL:DR; There is nothing special about gold. It's a soft shiny yellow metal. It is poorly-suited for tool-making. In a crisis, gold will not be especially useful.
I decided that chocolate was a good hard investment — one which would retain value.
There's actually a lot of drugs which qualify, but I dislike the rest of them.
Gold is way overpriced.
If you're really worried about inflation (though there's no reason to be at this time), and you insist on investing in a hard commodity rather than stocks or some other financial instrument, then you'd be better off stockpiling sacks of nickels. Seriously. The bullion value of a nickel has been hovering above 5 cents for some time, and the downside is obviously limited since they will always be worth at least face value.
"But what will the burst of this bubble look like and what will be the short-term and long-term consequences?"
Pretty complicated, since it's going to be happening simultaneously with a lot of other institutional collapse and change.
My bet is on popular revolution. What comes after that, I have no idea.
To try to answer Sherm's question:
– now that the student loans are being concentrated in the government, there is going to be little or no reaction on the financial market end when the bubble collapses; a few more firms will go bust, nobody will care
– the government can eat the losses, obviously, since it can print money
– however, the colleges and universities can't. People will stop going to college due to the danger of debt slavery, and as enrollments drop, colleges will either have to find private endowments, or shut down.
Colleges are already savaging teacher pay. They will never agree to cut administrator pay ('cause it's the crooked administrators who make the decisions). The money wasted on constructing buildings is sunk and can't be recovered. It's possible that some state or local governments will decide to start funding colleges again, like California did back in the 50s and 60s. Otherwise, we'll just see a lot of colleges shrinking and shutting down.
– The large numbers of highly-educated students who are unemployed or working minimum wage while in debt slavery will not tolerate the situation forever. There aren't enough slots in the "Public Service Loan Forgivement Program" to account for all of them. First, large numbers will start working only "off the books" or "under the table", with predictable results for the government: vanishing tax collections, inability to enforce working conditions law, and a culture of "no talking to the man".
Those who are unable to work for medical reasons, but don't qualify for SSDI, will probably not be major revolutionaries (medical reasons!). Many of the others probably will, eventually, get sick of the off-the-books life, and start asking "Why do we have this government at all? It never did anything for me and I have to hide from it all the time." At that point, they'll hook up with the other disaffected groups. Result: revolution.
The best outcome is that the revolution is simply a peaceful ballot-box revolution where (say) the Socialist Workers Party or Green Party gets control of Congress and the Presidency. Given our sclerotic and obstructive election "system", with a malapportioned Senate, a gerrymandered House, Duverger's Law, the Electoral College, etc., this unfortunately seems unlikely.
There's a couple of other possible outcomes, mostly involving the intervention of powerful corporate execs at places like Google. None of them results in the survival of the national political system as we know it.
The soft forgiveness that's available to folks with student loan debt, if they can manage to land a job, is to work at a non-profit or in a government job on account of the Public Service Loan Forgivement Program. 10 years of income-adjusted payments and the rest of your loan/s are forgiven. Of course, I do believe that means the federal government is picking up the tab on the rest of those loans – but, "thanks" to Bush Jr, the loans are currently locked at 6-7%. It won't cover the amount forgiven if you've racked up $100k+ and are making $20k/year for a monthly payment of, say, $200, so it's still a giant systemic problem of government-subsidized education funneled straight into the pockets of gems like John O'Brien.
I think that could count as a circumstance that creates a bubble, no?
It's only a bubble if it can burst, which I can't quite see happening. Otherwise its just an enormous, endemic financial problem creating a massive drag on society & long term wealth creation.
Precisely. It's actually worse than a bubble because it has the potential to take money out of the economy and depress spending for decades.
Just think of this as a franchise tax for being educated. As an educated person, you will make more money…and as good progressives, you want those who make more money to pay more in taxes, don't you?
It's like insurance, would you expect somebody who owns a 30K car to pay the same amount of insurance on a 80K car?
But, like a good conservative, you're probably happy that most of the recovery from the housing bubble has benefited the 1% instead of the 47% of 'takers', correct?
Except that the fact is that educated people do not necessarily make more money. Student loans hurt the people who don't get jobs, or who get poorly paying jobs, thanks to our crappy economy-for-the-1%.
This guy gets it:
Was college worth it? A huge part of the problem relates to federal financial-aid programs. Annual student loans, Pell Grants, tax credits and other federal assistance totaled some $169 billion a year in 2010-11 — more than 1 percent of national output. These programs are based on two erroneous premises: that almost everyone needs higher education for vocational success, and that they reduce student costs.
Fourth, the Free Application for Federal Student Aid form, associated with these programs, aside from being unbearably complex, gives colleges private information about family finances that allows them to gouge students more.
Was college worth it? A huge part of the problem relates to federal financial-aid programs. Annual student loans, Pell Grants, tax credits and other federal assistance totaled some $169 billion a year in 2010-11 — more than 1 percent of national output. These programs are based on two erroneous premises: that almost everyone needs higher education for vocational success, and that they reduce student costs.
Fourth, the Free Application for Federal Student Aid form, associated with these programs, aside from being unbearably complex, gives colleges private information about family finances that allows them to gouge students more.
— Richard Vedder
Yeah, the money should be going to affordable public colleges, not subsidizing overpriced private colleges.
If you are applying through the FAFSA, your financial aid eligibility is the same regardless of whether you go to a public or private college.
Students of private colleges can graduate with the same or maybe even less debt than public university students because there's a lot more of the institution's own money that can go into scholarships and grants.
Also, public universities supposedly charge lower tuition for in-state students, but that doesn't mean much if you don't get enough non-loan aid or if you end up staying longer, which is the case for a lot of people who can't get into their grad requirement classes on time.
Not everyone has to go the straight four years in a college/university; community college is a great idea for people who need to work/save money/don't know what major they want yet to get basic requirements out of the way. But the idea that public schools are so much cheaper than private schools is erroneous given than public institutions are no longer funded the way they used to be.
I went to a public school and one reason I couldn't finish my degree was a required course that I could never get registered for. The course was offered once a year and had 35 seats. In the 4 years I was in school the senior class was never less than 35 people. The course was open to juniors and seniors so it filled up within the first few minutes of class registration. Even worse it was offered in the spring so taking it would have required either staying an extra semester where I would have no courses to take OR leaving school and returning for a 5 month period. Neither was reasonable. Folks used to laugh about the "5 year plan;" however, the department basically decided that some folks would be forced to attend school for 5 years because they refused to open enough seats in a required course.
It took me a while to figure out how to deal with crap like that. First rule: the official registration system is not official. You find the teacher and get them to let you in. If that doesn't work, you find the department chair and get them to let you in. If that doesn't work, you find the registrar and get them to let you in. If that doesn't work, the Dean. After that, you start pulling strings; if that doesn't work, you go to the student newspaper and start raising a ruckus. (You do this all BEFORE official registration opens.)
Yeah, nobody should have to do that. This is, however, the way the world works. Most systems are corrupt and it's worth knowing how to deal with it.
Another alternative: if you still haven't gotten in, you show up in class every day anyway and do all the work. Best case, the professor is impressed by your persistence; worst case, they arrest you. In that case, you're probably quite capable of creating a student movement sufficient to embarrass the administration.
As you can see, I tend to relish escalation. I know most people don't.
Yes, Richard Vedder is not a conservative think tank hack or anything. Wait, what?
Vedder is also the brains behind the Center for College Affordability and Productivity, whose report Mr. Campos cites in his Salon column.
You know, I haven't read Vedder before and don't want to assume anything just because of a comment like this, but it sure reads like he is.
All those food service workers and truck drivers with *gasp* a COLLEGE EDUCATION they didn't need!! As if food service workers and truck drivers wouldn't benefit from a college level English class on other levels. I suppose that shit should be preserved for the elite who can truly appreciate it.
College isn't purely utilitarian for everyone. While in many cases, people just go in for the credential, there are another set of people for whom it's still a gateway into a different social class, which affects general job and life expectations in ways beyond income. The Washington Monthly, for ex, collects stats of schools stat provide a picture of how they affect class mobility.
Kids should have the ability to opt out if more school isn't for them. We should stop focusing on the four year uni as the standard credential and promote trade and vocational programs again. But the implication that only rich people's kids should consider the four year college is dangerously close to implying that only rich people's kids could benefit from a well-rounded liberal arts education.
The current system:
(1) drives up cost;
(2) has NO accountability whatsoever;
(3) treats student loan debt as akin to child support (by making it non-dischargable in bankruptcy); and
(4) it's none of a college's business what the parent of an student makes or has, since the student is an ADULT.
And here's why these elements drive up cost and destroy the value of the education provided:
We end up having young adults who are very ill-suited to college in college. This situation winds up driving down expected competence to graduate as the market is flooded with so-called "graduates" for jobs where there is NO DEMAND and hobble those who do graduate compared to graduates from places like India who comes here on H1(b)s with no debt & superior skills…
They then take the jobs that our graduates can not afford to take since our graduates are saddled with debt. And because the more supply there is of a given thing the lower the price, as you flood the market with college graduates, the offered salaries go DOWN.
Then our graduates don't have the income to both pay the loans and do things like buying a house. So the impact spreads through the entire economy.
Then our graduates don't have the income to both pay the loans and do things like buying a house. So the impact spreads through the entire economy.
This. In another 7-10 years, when the remaining baby boomers are all ready to sell their houses, they will turn around and notice that relatively few middle-class people between 25-35 can afford their house at their original price + inflation (much less original price + expected investment markup). Because if one is paying even $500-700 post-tax towards loans each month, there is little left over to save for a down payment and deal with repairs. And housing demand, and prices, are going to plummet.
I know a 36-year-old surgeon 3 years out of residency in a "wheelbarrow specialty" (in which you supposedly need a wheelbarrow to carry all of the cash you make). By the standards of 15 years ago, he should already be living in a 4-bed/4-bath/yard/garage suburban luxury. But he has ~$200K in debt, so their house is 3-bed/1.5 bath and seriously modest. And they have no plans to upgrade in the next 3-4 years, despite 2 kids. He'll certainly do fine in life — no need to cry for him — but these loans are creating a different future.
Okay, I'm selling NOW!
The housing market is already dead for several other reasons. It's become clear that a mortgage is very dangerous so people are getting very conservative about them. Something like a quarter of the house titles in the country are clouded by MERS, and nobody in their right mind will buy the clouded titles; they're being snapped up by bottom feeders.
Cash purchasers are king, as are (on the sell side) people who own their houses free and clear, and can prove it.
Stuff like Income Based Repayment seems like it really solves this problem. (Although it needs to be expanded more.) If people can't pay back their debt, then they don't, the debt is forgiven, and no harm is done. And unlike the housing bubble, ultimately the only party which depends on the debt being paid back is the Federal government itself, and they can easily accept rather massive losses both because of their size and the whole control of the currency thing.
If people can't pay back their debt, then they don't, the debt is forgiven, and no harm is done.
citation needed
Well, the program would need to expanded more for my statement to be strictly speaking true, because as of right now you do need to pay taxes on the forgiven debt. And I guess whether the formula for "affordable payments" is actually affordable enough is also relevant. But at least if you don't have an income, you don't have to pay.
But yeah it's not really there yet. If they made the payment system phase in more gradually that would be good. The ideal of course would be to just have free college and have paying for college be spread out among the general population paying taxes, but in the sense that IBR is basically a tax on having gone to college, making that "tax" more progressive would be very helpful.
But still, the basic principle that if you make below a certain amount you never have to pay anything back is a very encouraging one. And more generally, I'm definitely optimistic that things are moving in the right direction.
The student loan system is a disaster that needs to be fixed, but calling it "the next housing bubble" seems self-evidently wrong. Are student loans being securitized? Would a sudden collapse in the student loan industry lead to a collapse of the entire economy? Is a sudden collapse of the student loan industry even really possible? Just because something is bad does not mean it necessarily makes sense to compare it to another bad thing, and in this case the linked article doesn't even begin to make the case that student loans are "the next housing bubble."
You are right.
The student loan bubble, however, is a sign pointing to this reality: there is too much debt in the system, too much debt around the world now: sovereign debt, corporate debt, consumer debt, individual debt, student loans, car loans, etc. Too much debt that can't be paid, and will NEVER be paid.
In this situation, each government wants to pay back its own debt in a severely devalued currency. They're doing so by cutting interest rates to near zero, and by printing money, by inflating the money supply — which is akin to STEAL from the users of their money.
If you put your money in a bank at zero or one percent interest rate, and you get 3, 4, 5 percent inflation, the value of your money is going to be cut in half in 15 years.
Labourers and pensionners are suffering a lot from it; anybody who can't hedge against this inflation of the money supply by owning physical stores of value — from artworks to cattle to gold — will see their wealth vanishing as the purchasing of their paper-money is disappearing.
Labourers and pensionners are suffering a lot from it
Laborers actually tend to do pretty well in periods of moderate inflation, dude.
Also, don't you have to provide some evidence of high inflation being a risk? Inflation has been anemic for the past… well, I don't even want to think of the last time it was a thing. The 90s, maybe? When Greenspan freaked out because we got up near 3%?
I've already explained it: in the actual context of global deflation, where there is way too much debt into the system, the temptation for the State to steal growth from its trading partners by devaluing its own currency becomes overwhelming: it makes a State's productions less expensive to foreign buyers. It increases growth by boosting exports.
Consumption confidence is low and folks are indebted. Investment is anemic. The State spends borrowed money. So hope relies on exportation. How to boost exports? By trashing your currency, bu devaluating it.
By way of INFLATION of the money supply.
I'm talking about monetary inflation (inflation of the money supply) resulting from a strategy of stealing growth from other nations by way of devaluating a currency.
I wish governments were printing money to inflate away the debt.
Sadly, governments are mailing money to the 0.1%, while refusing to give money to anyone else. This does NOT inflate away the debt. Only by giving the money to the 99% can you inflate away the debt.
In the Salon article you link to you use an example of an American University student borrowing the full $70,000/year. Is that common? My niece, a good but not great student who graduated from a large public university and did 2 years in the Peace Corps, is applying to law school right now and she has received what seem to me to be very generous offers of merit scholarships. George Washington U offered half (~$35,000), then I think she can get financial aid and student loans on top of that, so I'm just wondering if many students without parental support really pay full sticker price for law school.
Student loans are the borrowing that Paul is talking about, so getting student loans on top of the scholarship is the same as borrowing on top of the scholarship. Or am I missing something?
Two-thirds of law students at American last year paid sticker tuition. Almost all the rest paid more than half tuition.
…which is therefore quite unlike tuition for college students.
"For the average full-time student, net tuition – which subtracts grants and tax-based aid – is less than half of the published price at private nonprofit four-year schools and less than a third of the published price at the typical public four-year institution."
Link to previous:
Given that the published price at private nonprofit four-year schools was running over $20K/year FIFTEEN YEARS AGO and has gone UP since then, this isn't very helpful.
"Less than half the published price" is still enormous.
Sure, it's not as unaffordable as private medical insurance (running at $15K/year for one person in NY State). Incidentally, Obamacare will probably not help at all with that. NY already had pretty much all the regulations in Obamacare, and the mandate won't apply to anyone because premiums are so high.
When people in states like NY and MA realize, in 2014, that Obamacare didn't help at all, the political landscape will become very interesting. In a bad way.
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Legal Dictionary


text:
Australia says it has serious concerns about Fiji's plan to restrict union leaders and other public officers from founding political parties.
Foreign Minister Bob Carr says the latest decree from the military regime led by Frank Bainimarama, which is set to take effect later this week, is unacceptable.
"The government joins with Australian trade union leaders in raising serious concerns with these proposals," Senator Carr said in a statement on Wednesday.
Senator Carr last week refrained from criticising Bainimarama - who seized power in a 2006 coup - over his decision to reject a new draft constitution, which was intended to pave the way for long-awaited 2014 elections.
Senator Carr said there were areas of the draft that could "reasonably be objected to".
"This restriction on the nature of political parties, however, cannot be justified," he said.
"Vibrant political parties are a vital part of a democracy."
Senator Carr said Australia's travel and financial sanctions against Fiji would remain in place until conditions had been met for a genuine democratic transition.
His comments came as United Nations Secretary General Ban Ki-moon called on Bainimarama to restore legitimate government.

subset: commoncrawl


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You will require this approval if you are the owner or occupier of any land and intend to install a manufactured home, moveable dwelling, temporary shelter or other similar structure on it.
A manufactured home is a cabin, shack or other structure which is comprised of one or more sections. These sections are typically constructed and assembled in a different location from where they are erected. A manufactured home must include at least one bedroom, living area, kitchen, bathroom, toilet and laundry facility. A structure cannot be counted as a manufactured home if it can be registered as a vehicle.
A moveable dwelling is any tent, caravan, van or other portable structure used for human habitation.
An associated structure is any carport, shed, verandah or other structure designed to enhance a moveable dwelling.
Please consult the Contact Officer for further information.
A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.
To be eligible for this approval you will be required to provide details of the size, location and any Development Consents, Complying Development or Construction Certificates applicable to installing a manufactured home, moveable dwelling or associated structure.
Please consult directly with the Council for information on any eligibility requirements specific to your approval.
Please consult the Contact Officer for information on fees to be submitted.
Approval to Install a Manufactured Home, Moveable Dwelling or Associated Structure on Land - Please consult directly with the Contact Officer for a copy of this document.
Murrumbidgee Council
Local Government Act 1993 (New South Wales)
Local Government (Manufactured Home Estates, Caravan Parks, Camping Grounds and Moveable Dwellings) Regulation 2005 (New South Wales)
Enquiries Officer
Murrumbidgee Council
The information contained on the Australian Business Licence and Information Service
(ABLIS) web site, or via packages or other sources is intended for general guidance
To the full extent permitted by law, the Federal, State, Territory and Local Governments
make no representations or warranties (expressed or implied) in relation to the
information, including its accuracy, currency or completeness.
The business information provided does not constitute professional or legal advice,
nor is the use of any third party resource an endorsement of the information contained,
the associated organisation, product or service. It is recommended that you obtain
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provided here is relevant to your particular circumstances.
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We're here to help so get in contact if you are having difficulty finding the information you need.


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Did you know?
Kimberley has more ghosts than anywhere else in South Africa.
A Kimberley ghost tour begins at the Honoured Dead Memorial, designed by Sir Herbert Baker for the 27 British soldiers killed during the Siege of Kimberley between 1899 and 1900 during the Anglo-Boer War. Sip a welcoming glass of sherry to soothe your nerves, and then off you go.
Kimberley has 158 haunted houses and buildings with well over 200 still to be verified by paranormal experts, but you'll visit ones known to have resident ghosts.
In the historic Africana library, the restless spirit of the first librarian roams. He drank arsenic after he was found doctoring the accounts. Many visitors have seen books inexplicably crashing to the floor, and heard teacups tinkling at 4pm.
At Rudd House, a lady in white appears on the balcony; the former sick room is haunted by Percy Rudd the first owner; and the servants' quarters have at least six ghosts in the courtyard.
On a Kimberley ghost tour you'll also visit the beautiful old Kimberley Club, where a ghostly waiter serves in the dining room, an elderly man walks the upstairs passage, and a woman in period dress stands on the staircase.
In the old De Beers boardroom, an unknown ghost drifts by as lights swing mysteriously, and a ghost dog emits an ethereal howl on the porch. On occasion, balls of fire have dropped from the porch ceiling.
At the William McGregor Museum, once a nunnery, a phantom nun wanders, while at the Terry Hall of Militia, a baby's wail can be heard as the lid of a tin trunk mysteriously opens and closes.
And if you visit the Magersfontein Anglo-Boer battlefield on a moonlit night you may well hear a phantom Scottish piper and see the flickering ghostly lanterns of the stretcher-bearers – over 50% of visitors claim they have.
Travel tips & Planning info
Who to contact
Kimberley Ghost Tours
Cell: +27 (0)83 732 3189
How to get here
Kimberley is in the Northern Cape, 472km south of Johannesburg on the N12. There is an airport, with daily flights to and from Johannesburg and Cape Town.
Best time to visit
Any time, but Kimberley summers can be fiercely hot and winters bitterly cold, so dress appropriately.
Tours to do
The Big Hole Ghost Walk, the Magersfontein Experience, the Diamond Trail and the Historic Kimberley Pub Tour are just some of the many city tours offered by Kimberley Tourism.
What will it cost
The price is around R150 per person (but this is subject to change).
Length of stay
Between four to five hours for the entire tour.
What to pack
Comfortable walking shoes, appropriate clothing for the season, and a steady nerve.
Where to stay
Kimberley has all kinds of accommodation from cosy B&Bs to luxury resorts. A fascinating option would be to stay in one of the city's many historic buildings, such as the Kimberley Club.
Best buys
You're in diamond country, so...


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The wall stickers are made of acrylic mirror sheets, the colorful design must give you another enjoyable vision to feel family taste. It is believable that you will have good mood when you enter your house everyday.
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Convex mirror, also called wide-angle lens, fish eye mirror or diverging mirror is a curved mirror in which the reflective surface bulges toward the light source. Convex mirrors reflect light outwards; therefore they are not used to focus light.
Convex mirror is made by thermoform with the acrylic round mirrors.
They are popular used for decorative wall mirrors, safety mirrors, traffic mirrors, dome indoor mirrors and inspection mirrors.
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Plexiglass mirror have another name mirrored plexiglass, is a kind of mirror sheets, made from plexiglass sheet. Plexiglass mirror sheets divided into two kinds: one way mirror plexiglass, and two way mirror plexiglass .They are intended primarily for areas such as interior fittings for decoration, display and point-of-sale, visual merchandising; pick guards for guitars, store design, applications in the food service industry, and where safety requires the light-weight and shatter resistance of
This is a reseach from BBBGEM that Comparing moissanite and diamonds side by side from 4 aspects:Market;Comparison the definition;Color, hardness,natural or not, grade and other attributes;Price difference
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To take the value of a card-counting system further, we need to know exactly how much each card is worth. To determine this, we simulate a benchmark single-deck game using the basic strategy. As mentioned in Chapter 2, we come up with an expectation of -0.02%.
We then simulate the same basic strategy in a single-deck game that has one card removed, for example a 2, and note the resulting expectation of +0.38%. Comparing the expectation of the two games gives us a measure of how valuable the
It looks like a now qualify for my own blog.
This is so cool because I have been waiting forever to make some postings.
Anyhow, it is Friday night and I am heading out of the door, but I shall return with some cool stuff to talk (or write) about!
Cheers and have a good weekend.
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sooo , me && this guy been talking for about two months && we started dating 3 days ago ... (but we never seen each other in person .) he is 20 && im 16 .... i don't want to date him ... but when he asked me out && i didn't wanna say no && be mean . what do i say to him (nicely) to break up with him ???? help me please ....
Originally Posted by DaiTengu
If you find an ad interesting click it.
This is more of a CPM network so I get paid based on how many ads display not on how many are clicked.
dear blog,
mood: clicky
i think i may have done something very bad today.
I haven't had my dick sucked since my birthday, March 25th. But I've gone down on this girl a few times since then. I am a pro with my tongue(because my dick sucks), and I get bitches off with that shit. Thanks Sole, your post in PS about how to go down on a girl on LWS helped me in that department.
Who wants to suck my dick?
Dear Interfucks,
Yesterday everyone made fun of me.
Today they die.
Tomorrow I'm going for a swim
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text:
HOUSTON - Our kids love being outside for all the summer sports, but there are definitely some things parents and coaches need to be on the lookout for to make sure our kids stay safe in the summer heat.
Sports camps like the ones at the University of Houston are buzzing with future star athletes.
But, the heat and humidity can sneak up on kids, putting them in danger of heat exhaustion, or even heat stroke.
"Either they'll get really flushed, you'll see them get really red or really sweaty or they'll go the other extreme where they go really white and stop sweating," said UH head softball coach Kyla Holas. "Either one of those are the things that are red flags for us and we send those kids in right away."
Snow cones help keep the kids cool, as do hourly water breaks.
"We have buckets of ice towels available for any kid who's getting hot," Holas explained. "Both of our locker rooms are open with air conditioning so they can come in if we see they're getting hot and take a break."
Texas Children's Hospital Emergency Center's Dr. Kay Leaming-VanZandt said parents can prep kids beforehand.
"Not only getting them to take in a great healthy breakfast, but also starting the hydration process with water or a sports drink," said Dr. Leaming-VanZandt. "Also, dressing them in light colored, loose fitting clothing would also be helpful."
Dr. Leaming-VanZandt also recommended talking to kids about the warning signs of heat-related illnesses.
"If they ever feel lightheaded or like they're going to pass out or they're not acting their normal self or seem confused, it's important that they get to a shady cool area and really start to cool them down," said Dr. Leaming-VanZandt.
Other danger signs include muscle cramping, headache, dizziness, nausea and vomiting.
Doctors said if you notice any of those symptoms in your young athlete, you should to seek medical attention immediately.
Copyright 2013 by Click2Houston.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


text:
|GMATPill Study Method
|GMAT, MBA, MBA Admissions
A blog on preparing for the GMAT for students who plan to get their MBA. First in industry to offer thought-process based video explanations. Featured in Bloomberg, BusinessWeek, Harvard Business School Newspaper, and Mergers & Inquisitions / BreakingIntoWallStreet. By alumni Peter Yu, '05.
Notice: Blog authors are solely responsible for the content of the blogs listed in the directory. Neither the content of these blogs, nor the links to other web sites, are screened, approved, reviewed or endorsed by Stanford University, the Stanford Alumni Association or any Stanford-affiliated entity ("Stanford"). The text and other material on these blogs are the opinion of the specific author and are not statements of advice, opinion, or information of Stanford.


text:
Fairfax County Named Top Digital County
Fairfax County Office of Public
12000 Government Center Parkway, Suite 551
Fairfax, VA 22035-0065
June 30, 2005
Fairfax County Named Top Digital County
Fairfax County is the No. 1 digital county for jurisdictions with populations over 500,000, according to a recent survey by the Center for Digital Government and the National Association of Counties.
In April, all U.S. counties were invited to participate in the 2005 Digital Counties Survey. Officials responded to a set of 22 questions that included more than 95 measurements. A top-10 ranking was established for each population category. Fairfax County received first place in the 500,000 or more population category.
"Fairfax County is an innovative government, and this is an excellent example of how we are bringing citizens and their local government closer through technology," said Fairfax County Board of Supervisors Chairman Gerald E. Connolly. "I am proud of our e-government initiatives and it is gratifying to see our program recognized in this way."
The county's award winning e-government program addresses the digital divide and has been successful in creating a 'government without walls, doors or clocks,' or 24-hour government. The program utilizes multi-channel service delivery via Web, 25 kiosks, Interactive Voice Response via touch-tone phone and a Cable TV government access channel. Following is a partial list of services available on each platform:
Web site
· Access real estate assessment data/comparables
· Access real estate parcel map
· Access the status of permits/plans and inspections
· Pay taxes
· Schedule inspections requests
· Access Geographic Information System data
· Send feedback forms directly to elected county officials
· Download current RFP solicitations, Notices of Contract Awards and Bid Tabulations
· Report vehicle sale or moves
· Register to receive important emergency alerts, notifications and updates during a major crisis or emergency
· Renew vehicle registration
· Apply for county jobs
· Apply to be a child-care provider
· Print applications, forms and information
· Communicate with county agencies by built-in phone
· Locate facilities and transportation routes
· Access SmartTraveler road conditions
· Subscribe to county publications
Interactive Voice Response
· Schedule special recycling collections
· Access general court information
· Schedule inspection requests
· Access the status of permits/plans and inspections
· Request fax-on-demand real estate assessments
· Register for parks and recreation classes
· Check availability and waiting list for public housing
Cable TV government access channel
· Video coverage of Board of Supervisors meetings, commission meetings, town meetings and special events
· Monthly Board of Supervisors' programs
· Original documentaries and features
· Video news releases
· Interactive call-in shows
· Emergency message system
In making the award announcement, Cathilea Robinett, executive director of the Center for Digital Government, said "There is so much hard work and planning going on behind the scenes in county government – to make life a little easier for all citizens. Local governments are to be commended for their ambitious efforts, accomplishments and outstanding customer service."
NACo Executive Director Larry Naake concurred. "The Digital Counties Survey effectively demonstrates how county governments of all sizes across the country are positively applying technology to deliver quality services to their citizens," he said.
To access the county's e-government services, visit our Web site, www.fairfaxcounty.gov. For more information about the award or the county's e-government program, contact Greg Scott at 703-324-4590, TTY 711.


text:
Used 2013 Hyundai Coupe Values
Read more Read less
Hyundai 2013 Coupe Prices and Values | 2013 Genesis (2013 Genesis Auto Track deals), Elantra, Veloster, Sonata, Accent, Tuscon, Hyundai, Azera, Santa Fe, Veracruz & Equus complete the latest Hyundai models. Hyundai 2013 features the Hyundai Coupe, a Hyundai coupe delivering (automatic) gas mileage of 20 MPG city to 31 MPG highway. All 2013 Hyundai prices, from the Hyundai Accent sub-compact to the ultra-luxury 2013 Equus, include the 5-year/60,000-mile Hyundai warranty. 2013 Hyundai Coupe Prices? The 2013 Genesis MSRP starts under $25,000; the 2013 Genesis 3.8 under $29,000 MSRP.
Hyundai Resources:Hyundai Car Safety Innovations - NADAguides Tweet Chat
Select a used 2013 Hyundai Coupe model
(2018 - 1986 including exotics and classic cars)
2013 Hyundai Elantra Coupe
New for 2013, the Hyundai Elantra Coupe is the two door variant of the Elantra sedan.
2013 Hyundai Genesis Coupe
Updated for 2013, the Hyundai Genesis Coupe is a rear-wheel-drive sports coupe with seating for up to four adults.
2013 Hyundai Veloster
Now featuring an optional 1.6.0-liter turbo-charged 4-cylinder engine (201 hp/195 lb-ft of torque).


text:
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The appearance of advertisements and product information on this site does not constitute an endorsement by Equipment World Magazine, and Equipment World Magazine has not investigated the claims made by any advertiser. Product information is based solely on material received from suppliers.
The Ironwolf Crusher is an attachment designed to mount on wheel and track loaders that enable superior mobility for a variety of construction, reclamation, mining and forestry applications. The 1000 Series includes a cutter assembly with a ten (10) foot wide cutter drum and an auxiliary engine package. The cutter drum diameter options are 40 and 48 inches enabling cutting depths up to 12 and 16 inches, respectively.


text:
- 1 of 1 Photos | View More Photos
WASHINGTON (AP) -- Big tax increases will hit millions of families and businesses a lot sooner than many realize if Congress and the White House don't agree on a plan to avoid the year-end "fiscal cliff" of automatic tax increases and government spending cuts at the start of 2013.
In fact, they already have.
More than 70 tax breaks enjoyed by individuals and businesses expired at the end of 2011. If Congress doesn't extend them retroactively, H &R Block says a typical middle-class family could get a $4,000 tax increase when it files its 2012 return in the spring.
Businesses also might lose dozens of tax breaks they've enjoyed for years, including generous credits covering research and development costs and write-offs for restaurants and retail stores that expand or upgrade.


text:
-Chapter one-
What about us?
It felt like I was having my heart ripped out, how could they make me leave him, Jacob? He was my whole life, and I his. We were inseperable, always together, I couldn't understand why she was doing this. Hadn't my mother, Bella, gone throught this years ago before I was born? My father left her for her own safety, after my Uncle Jasper had tried to kill her, and it completly crushed her, she's told me how the weight of it hurt to carry around. My Grampa Charlie had told me she had been catatonic in those first few weeks. How did they expect me to survive without Jacob? I would be worse than my mother had been, that I was sure of.
"Mother, you can not make me move to Alaska! I WILL NOT GO! My place is here with Jacob. Father, please don't make me choose, I hate this! Why can't we stay in forks? Give me an answer DAMN IT!" I screeched at my stunned Father, Edward. "Sweet-Ness, we have to move on, Grandfather Carlisle is out of work and depressed, Grandmother Esme is anxious about the Volturi making another apperance and Uncle Jasper and Aunt Alice are on edge all the time searching for any sudden changes in the future, this is no life for us sweetheart. It is decided that we will move to Alaska, that's final!" His stern voice made my retaliation catch in my throat. I glared at him with clentched teeth. I finally looked away and stormed off to my room, slamming the door in the process almost taking it off it's hindges.
My phone began bleeping as I lay on my bed, annoying, hot tears staining my face. I got up and crossed the room to where my purse lay.
"Hello?" I asked
"Nessie? It's me Jacob, meet me tonight in our place at 12:30 am. I'll explain everything then, I love you." Before I could respond the line went dead but the sound of Jacob's voice soothed some of the over whelming tears escaping my eyes. I gasped a jagged breath and wiped my eyes with my hands, feeling very disgruntled, I marched out of my room translating the Greek alphabet backwards so that my Father couldn't be alerted by my plan to go and see Jacob tonight.
"I'm going to see Grandpa Charlie, I don't know what time I'll be home, I'll call if I need anything. Don't wait up" I called on my way to my car. I saw my Mother look longingly after me as I sped away towards my Grandpa's house.
I arrived at Charlie's in five minutes flat thanks to the hand me down red BMW m3 convertible my Aunt Rosalie had given me. I bounded up to his front door and grabbed the key from under the eave, unlocked the door and went into the front porch. "Hello Grandpa Charlie! It's only Renesmee! Sue?! Are you here?" I called ahead of me.
"In the living room dear! Come on in, Jacob's here too." Sue called back, my heart skipped a beat and for a moment I completely forgot I was faster than any normal human, I streaked in to the living room almost gasping for breath.
"Hey honey, isn't it nice of Jacob to bring Billy to visit me? Come and give your Grandpa a hug, I've missed you kid." His eyes crinkled at the edges when he smiled and it was a homey kind of sight, one that made you feel safe. "Yes Grandpa, it's very kind of Jacob, how are you feeling today, I mean apart from that hip, of course." I smiled widely at him and took a seat on the end of his bed, which had had to be moved into the living room due to Charlie not being able to walk up the stairs properly, to hug his torso gently and in that moment I got closer to his chest I smelled something so horrifyingly destinct that I froze.
"What's the matter honey? I'm not that breakable." He chuckled to himself, then wheezed.
"Grandpa Charlie, have you got lung cancer?" I choked suddenly upset with him, why did he have to hide things from us? "How did you know?" His bemused expression angered me. I relinquished my hold on him and stood half a meter away from him then did something I hated to do, I called my Grandfather Carlisle.
"Hello Renesmee, what can I do for you?"
"Grandfather Carlisle, bring mother and Father to Grandpa Charlie's. He has something very important to tell them." I snapped my phone shut and glared at Charlie, his face a calm mask of serenity. He knew what was going to happen to him, he was going to die. My Father came dashing into the room followed closely by my Mother. "Dad, what's up? Carlisle said it was urgent..." She trailed off as she fully took in the room and my stance and expression
"Isabella, don't feak out but I've got cancer, the doctors have given me six months to live. I've known for about three months now, I need to start making plans to make sure you and Sue are looked after once I've gone. My will is already done and the house is in Sue's name, I didn't think you would mind too much. You've got your life with Edward and Renesmee and a house, you're sorted out but Sue hasn't got anything left after me, Seth and Leah are grown and live alone. Please don't be angry or upset that I didn't tell you sooner I didn't want you worried. Bells, I love you always have always will." His voice was thick with emotion and his eyes wet with tears. I suddenly realised he was saying his goodbyes and I felt my body convulsing with sobs.
"Dad, I'm so sorry, I should have been here with you to look after you. Is there nothing that the doctors can do? " My Mother choked, Charlie shook his head wiping his tears away. My Father looked distraught for my mother and whispered into her ear "Bella, tell him about us. It doesn't matter now, let him know you'll always be ok and Renesmee."
"I'd like to speak to my Dad alone if you don't mind Sue, and you too Jacob, Billy, please?" All three filed out of the room and into the kitchen, Jacob would hear but it didn't matter he already knew everything. "Dad, you already know that there is something special about me, Edward and Renesmee and the rest of the Cullens but you need to know the truth behind my secret, the pale, ice-cold skin, the eyes that change colour, the never changing face, the reason behind it all. I'm a vampire Dad. I couldn't tell you before but it doesn't matter now, I'm immortal too I'll live forever and you won't." She took a deep breath to steady her voice and control the choking sounds eminating from her throat.
Charlie stared wide-eyed at her for a moment then his voice was menacing. "You did this to her didn't you? I knew your lot was weird, thanks to you my daughter can never tell her mother goodbye, or lead a normal life! How dare you show your face in my house! GET OUT, GO AND IF I EVER CATCH YOU HERE AGAIN I'LL KILL YOU WITH MY BARE HANDS!" Jacob, Sue and Billy came to see what my Grandpa was yelling about. "I can't believe you told him Isabella! He is a sick man, very sick! Shame on you!" Sue scolded my mother and I felt unbearably hostile towards her. "How dare you speak to my wife that way! You could have told him about it all but decided not to!" My Father's voice was still velvety smooth and that made him anger all the more menacing. "Edward don't, just go home I'll meet you there. I have to sort this out." She kissed his lips, he turned and ran, forgetting the human chirade.
"Dad that was out of order, I wanted to be this way. Understand that please, don't blame Edward it's not his fault, it was either this" - she gestured to her perfect body- "or death. When I got pregnant with Renesmee, she grew at an alarmingly fast rate, I gave birth to her four weeks after I conceived. I was human and my body wasn't compatible with her, she is half vampire biologically Edward's child, and at first he wanted me to have her removed, but how could I? She is my child, my beautiful Renesmee, I couldn't bear to think about it and so Rosalie guarded me to stop Edward, I knew I wasn't going to make it through human. It was my doing dad, I promised him and Jacob I was going to keep my heart beating."
"The day Renesmee was born, Jacob had come to see me, I needed to use the bathroom and Rosalie normally took me but I hadn't walked on my own in so long I decided to give it a try and the Klutz that I am I spilled my cup of blood everywhere," -Charlie gasped and looked disgusted- "I bent to pick it up and Renesmee's placenta detached, she was thrashing and it was suffocating her, with her strength my human body couldn't cope, nearly every bone in my body was broken, including my back. Edward preformed the C-section, he had to bite through my womb with his teeth to get her out before she suffocated. I broke my promise to both Edward and Jacob that day,Jacob performed CPR to keep me alive while Edward injected his venom directly into my heart. Jacob left Edward with me believing me to be dead, that's when he imprinted on Nessie. Edward saved me from death he gave me the gift of life."
"If Edward is no longer welcome in this house then me and my Daughter will not come here again. Goodbye Dad, I love you too." My Mother fled the house without waiting for Charlie to speak.
"I'm sorry Grandfather but my Mother is right, my Father saved her life and if you want someone to blame, blame me. I did it to her, I broke her bones and fed from her blood I crave human blood. Do you know how long it took for my Mother to get my Father to agree to this, this damned existance? I hate what I am, but I was born this way. And my Father he never asked for this, He never asked Carlisle to change him, none of them did, but Carlisle is a doctor and saves lives it's what he does. You can't honestly tell me that you'd prefer my Mother to be dead? She's still your Bella, what more could a parent want than their child never to die? To live forever and be happy? Because if there's one thing I know Charlie, my Mother is happy." I turned and fled to my car. I wasn't going to see my dying Grandfather again. This fact I was utterly sure of.
I didn't notice the gigantic russet coloured wolf flying through the trees, keeping pace with my car, until he yelped softly. I skidded the car to an abrupt halt feeling the tears on my face and in my eyes for the first time. I waited for Jacob to change back to his human form before I looked in his direction again, I wasn't disappointed at what I saw, his beautiful skin so smooth and supple, his shaggy hair flopping over to cover his face and his warm dark eyes brimming with concern over my anguish and my tears.
"Nessie, I know you didn't mean to be so angry back there, at Charlie, he was just doing what he thought was best. Did you know he came up with this rediculous idea that Bella had turned albino and that the rest of them were already, he seriously didn't think about them being a bunch of vampires. He asked me to come apologise to you and Bella, he won't budge on the Ed situation though. He feels cheated that he didn't know about the Cullens before your parents got married, he wishes he could have talked Bella out of it, some how. Ness, Charlie hasn't got much time left he needs you and bella around him at the moment and in truth this is where my genius plan comes into it." He smiled at me.
"And what would this genius plan be then? Some how blackmail my mother into staying until Charlie is dead then kidnap me or something?" My words were harsher than I'd meant them to be but from the look on his face I'd just foiled his plan. "Get in the car Jacob." I sighed knowing that every moment was precious with him now. He jumped into the car without hesitation looking at my tear streaked face. I sped off at an alarming pace in a hurry to get home before my Mother could work herself into a panic and send out the search parties for me.
I pulled the car into the big garage which stored all the Cullen vehicles and broke down. I couldn't help it, my body had some sort of water overload and it came pouring from my eyes and began making puddles on my lap. "Renesmee? What is the matter dear?" My Grandmother Esme had heard my sobs and come to investigate as was her nature to do so. I couldn't answer her, my mind was in complete dissaray, I sat clutching the steering wheel sobbing. "Jacob, get her into the house, Edward is on his way back now, it won't do anyone any good to see her so upset." Esme's spoke quickly and urgently to Jacob. I felt strong hands envelope mine and prize them from the perch I'd clutched at to stop myself utterly imploding. "C'mon Nessie, let's get you into the house before Edward or Bella see you like this." Jacob's voice was pure gold to me, I needed the sound daily to stop myself from going Insane. "Jacob..." I whispered before the dreary day disappered into blackness.
"She's fine Bella, I think her mind had a minor overload that's all, she's just sleeping don't worry about it."
"How long has she been like this Jacob? Esme? Carlisle? I may just wake her up soon."
"Isabella, she is fine, I checked her over she is just sleeping. She has been out for about half an hour."
"Will everyone stopp talking about me like I'm not here please?" I whispered my voice hoarse with sleep.
"Renesmee, sweetheart are you ok? You had me so worried!" My Mother asked, her sprano sweet voice ringing with parental authority. I sighed and sat up, pulling myself into a sitting potition I looked at my parents sighing again, my Father's expression annoyed me and I'd had enough, I still hadn't forgiven him.
I turned to find Jacob, he was leaning casually against the podium that was normally reserved for my Uncle Jasper. "Mother, do you mind if I go out with Jacob for a while? We're only going to La-push, I promise you I'll be back before dark, Jacob will bring me home." I looked pleadingly at my Mother, while reciting mine and Jacob's song at the top of my mental voice so my Father couldn't get the gist of my thoughts. "Ok Renesmee. But before dark! Jacob." I nodded got up and ran to my car, I waited till Jacob had followed and hit the gas. I drove through the thick woods up to our little cottage, I launched myself out of the car and into the cottage, I ran straight to my room and dived under my bed to retrive the little black backpack with mine and Jacob's fake ID's and the $5,000,000 that my Mother had packed for me so long ago. I grabbed a suitcase and shoved whatever clothes touched my hands into it and fled the little cottage that for so long had been my home. I reached the car and shoved my things onto the back seat, hopped into the driver's seat and sped off into the growing twilight with my Jacob...


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En iniya Thozhiye 02-11-2015 Raj TV En iniya Thozhiye 02.11.2015 Serial Online | En iniya Thozhiye 02/11/2015 Raj TV Serial 02nd November 2015
Watch Raj TV En iniya Thozhiye 02.11.15 Serial En iniya Thozhiye 02/11/15 Latest Today Episode 252 Online.En iniya Thozhiye 02-11-2015 – Raj tv Serial | Raj tv En iniya Thozhiye 02-11-15
Synopsis: En Iniya Thozhiye is a Tamil soap opera that airs on Raj TV. The show premiered on 10 November 2014. It airs Monday through Friday at 9:00 pm. (IST) with repeat programe on the following day at 9.30 am.The show starring by Srithika, Apsar, Ekavalli and Jeyaram. The show is produced by Sri Barati Associate and directed by Gopi.R.
Directed By : Gopi.R
Produced By : Sri Barati Associate
Cast : Srithika (Present) / Reshma Pasupuleti (1-176) as Pari, Ekavalli (Present) /Apsara (1-176) as sandhya, Apsar(Present) /Guru Aravind(1-176) as Sathiya, Jeyaram as prasana, Meenakshi, Shilpa, Kiruthika, Kannan, Ravivarma, Vijayalakshmi, Ramya, A.Ravikumar, P.Gopalan
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