Spend Matters Afternoon Coffee

A novel idea...?
Is This the Answer to the Student Debt Crisis? FixUC's 5% Solution -- LoCascio thinks that he may have found the answer. His group, FixUC, has developed a plan that, they claim, will ameliorate the student debt crisis while actually increasing university funding. On the surface, it's remarkably simple: Rather than charging tuition, the University of California system would charge its graduates 5% of their yearly salaries for twenty years. "Charging students when they don't have money doesn't make sense," LoCascio points out. Instead, the FixUC plan would charge students when they are actually able to pay -- once they're out in the workforce. "In 20 years, our plan would double the amount of money coming into the UC system."

The effects of drug shortages.
Drug Shortages Compromise Emergency Medical Care -- This problem is ultimately rooted in the financial incentives of the pharmaceutical companies. The medications typically in short supply are generally low cost drugs such as morphine sulfate, zofran, compazine, reglan, ativan and valium.. The shortages often involve injectable drugs which are more technically difficult to manufacture than oral medications. In a nutshell, generic drugs which are off patent that are costly to produce, but usually cheap to purchase, are generally the medications in short supply.

At the old Ryerson steel mill, no less!
Lagunitas to build brewery on SW Side -- Lagunitas Brewing Co., the Petaluma, Calif.-based craft-brewing powerhouse, is putting down roots in Chicago. The maker of Lagunitas beers is planning to build a brewery at the old Ryerson steel mill, at 18th Street and Rockwell Avenue, with construction expected to be completed by July 2013 and the first mash in the fourth quarter of 2013. The $15 million to $18 million facility, with an eventual 600,000-barrel capacity is being built as an exact copy of the Petaluma brewery.

Watching Indonesia...
Indonesia's 8.6 Magnitude Quake Triggers Tsunami Warning -- Indonesia issued a tsunami warning after a powerful earthquake followed by several aftershocks struck off Aceh province. The first 8.6 magnitude quake struck at 4.38 a.m EDT followed by an 8.2 magnitude aftershock at 6.43 a.m. EDT, according to a report from Reuters. Two more strong aftershocks hit later. The US Geological Survey (USGS), which documents quakes worldwide, said the first quake struck about 434 kilometers (270 miles) southwest of Banda Aceh, the capital of Indonesia's Aceh province. It took place at a depth of 23 kilometers (14 miles).

- Sheena Moore

First Voice

  1. Thomas:

    Decoupling students from the actual price of their studies will only postpone the inevitable – i.e. that students pursue fields of education that provide sufficient ROI – which for most students should mean more hard sciences majors and fewer heading toward the softest among the liberal arts degrees.

    Also anything that gives universities an excuse not to mind their cost structures and lets them continue to raise prices every year will lead to just that – higher tuition fees.

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