Investing in for-profit college stocks: public pension funds aid and abet corporate crime

The featured image is a picture of the home of the Murphys.  It is for sale for $27 million.  Mr. Murphy helped start the University of Phoenix.  You, the reader, bought his house through donating tax money for his exorbitant salary, while he captained the decimation of student lives and the American economy.  Murphy and […]

Student loans: The financialized economy of indentured servitude

Get ready students!  Your college student loans are due to double on July 2013!  The cost of higher education is spiraling and with it the cost of student loans, one of the biggest Wall Street rackets currently in existence.  Both the Obama administration and the Republicans are seeking “market solutions” they say will staunch the […]

Financial Capitalism and the US teachers’ pension fund fraud

An “internal study” of the California Teachers’ Retirement System (Cal STRS) indicates that the public school pension fund faces a $64 billion deficit, according to the Sacramento Bee, dated  February 4, 2013 (http://blogs.sacbee.com/capitolalertlatest/2013/02/california-teachers-pension-fund-faces-64-billion-deficit.html#storylink=cpy=). The California State Teachers Retirement System produced the report in response to a legislative resolution.  The release of the “internal study” followed […]