Iraq veteran Scott Olsen suffered a fractured skull after he was hit in the head with a "police projectile" when cops cleared Occupy Oakland protests Tuesday night. Keith Shannon, who served with Olsen, told The Guardian that a tear gas or smoke canister hit Olsen in the head and that he's now in critical condition.
- Liz Goodwin | The Lookout – Wed, Oct 26, 2011
Students at the University of Illinois (AP)In-state tuition at public colleges shot up 8.3 percent this year to an average of $8,244, according to an analysis by the College Board. Tuition at private four-year colleges jumped a more modest 4.5 percent, to an average of $28,500.
Meanwhile, President Obama announced a plan Wednesday to allow borrowers who have loans from different government programs to consolidate them at a lower interest rate. Obama also said he will speed up the implementation of a new law that reduces the maximum share of income borrowers pay each year to 10 percent. After borrowers spend 20 years paying that amount, they can have the remaining balance on their loans forgiven.
College tuition costs have nearly tripled since 1980, accounting for inflation, even as median wages have remained stagnant over the same period. For the first time, Americans now owe more in college debt than in credit card debt. (But unlike credit card debt, student loans can't be discharged in bankruptcy.) As Kevin Carey points out in the New Republic, easing the burden of student loans does nothing to curb those rising costs.Read More »from College costs shot up 8 percent this year
AP Photo/Lai Seng SinOccupy Wall Streets sets itself up in opposition to the "one percent" of Americans who have enjoyed a massive share of the nation's gains lately. And few embody that one percent as well as Steve Forbes. So we asked the scion of the Forbes magazine dynasty and former Republican presidential candidate what he thought about the movement.
His response: Wall Street is the wrong target.Read More »from Forbes: Occupy Wall Street should target the Fed