In your assessments and discussions of the educational debt burdens faced by generations of Americans over the past 15 years, it would be helpful to focus some attention on the substantial debt burdens faced by many graduates of professional schools such as journalism, law and medicine. Journalists who might otherwise do good investigative journalism are forced to consier higher salaries in more lucrative infotainment environments or in public relations. Physicians who might otherwise work in general practice in under-served communities are choosing more lucrative specialties, geographic locations and HMO/contractual agreements that prioritize the volume of patients treated rather than the quality of care. Lawyers who might work investigating Wall Street malfeasance at the SEC, represent the indigent through various Legal Aid societies, work in civil rights law, provide legal advice to non-profit organizations or to public service minded bloggers are forced to work in private practice for 10 to 15 years for multi-billion dollar corporations - if they can find any employment in the current economy. These categories of educational debt carriers are worth highlighting because of the uniquely rapacious practices of creditors in these specific sectors, the impact of the forced career decisions highlighted above and the smaller numbers of debt carriers in these categories when compared with college debt carriers, which means there are very few in Washington policy-making institutions who care about their interests IN THE NEAR TERM. All will see the costs to our society and our economy of the current situation over the long term. Arguably, we have already seen in 2008 the costs to the financial markets of not enough of the best and the brightest on staff at the relevant regulatory agencies in Washington due to the survival imperative of many law graduates to seek high salaries at top private law firms in order to pay off massive debt burdens rather than serve the interests of the financial markets and of larger society by offering their talents to those bodies tasked with ferreting out malfeasance in our financial markets. Thank you for your important work, and keep it up.
What's wrong with debt? Nothing, provided it's investemnt. The problem with the argument that all debt is bad is that it promotes stagnation. Tea party slogans about the national debt frustrate the creation of policies designed to make us competitive.
I love your writings and I am having a super difficult time finding this book in local libraries....
I honestly believe in the work you do...and that it is inspiring that you are pointing out the flaws in the city when someone people our age sit back and watch their future's burn. (not sure if they know that is what is happening)
PS your first book I read during my sophomore year of college....sparked an interest in econ!
Anya, You are an inspiration to me. You have worked and written for some of the very same magazine companies that I would love to be involved in. As a Cosmetolegist I think you can guess which ones Im talking about. And besides being a Cosmetologist, I just have a passion for writting anything that will inspire and help others, like yourself. I would love to read anything more that you have, as I said you are an inspiration and I just really admire you. Thanks so much. Lara.
This is a wonderful post. The things given are unanimous and needs to be appreciated by everyone.you are so lucky to be one of the bloggers of DIYUBook and other sites. Congratulations. Well keep on following you wherever you will go
Presented in this lecture by Sheikh Imran Hosein is the core ethos of the Islamic economic system.
Imran Hosein The Prohibition of Riba interest http://www.youtube.com/watch?v=_iyVR-apZJk
What is there in the Islamic economic system that protects the common man?
1)Prohibition on lending money at interest.
Lending money at interest accomplished two things at the same time: A transfer of wealth and purchasing power from the hands of the borrower to the lender through the interest payments and a transfer of control over the economy to the lender such that the lender gains increasing hegemony over the marketplace.
2) Gold and silver returned to the marketplace as currency.
Let us define intrinsic value as value not imposed on a substance, value that is recognized irrespective of culture. Gold has such value in China as it does in Nepal, as it does in Guatemala and Uzbekistan. Unlike the US Dollar, the present world reserve currency, whose value and status has been determined by international agreements such as the Bretton Woods Accords. Gold has not required governmental imposition of value in order to be considered as currency by the masses, it is intrinsically valuable. Intrinsically valuable meaning that people recognize the utility of it; they may wear it as jewelry, use it as a conductor, or recognize it as a scare material and realize that purchasing power of the individual is protected if it is used as a medium of exchange.
3) Spot transactions are the norm and credit transactions are the exception.
This could be because interest is abolished and so the populace have more spending cash, so they do not need to borrow in order to buy.
It could also be because of: Question: "Did last prophet Muhammad (PBUH) refused to pray Janazah[funeral prayer] for debtors? " Answer: "The Hadith in reference and the practice of Rasulullah [sallallaahu alayhi wasallam] are both authentic. " Excerpted with slight modifications from: http://www.islam.tc/cgi-bin/askimam/ask.pl?q=10397&act=view
The Islamic imperative is to avoid debts, as dying with debts is something considered so grievous that the Prophet of Allah, peace be upon him, refused to pray the funeral prayer of a debtor, indicating that debt is not a joking matter or a matter to be taken lightly.
I pray thee watch the video and write to Shiekh Imran sharing what insights you may have into the matter: http://www.imranhosein.org/contact-us.html
We'd be really grateful, if you could remove the links mentioned above. It would be a wonderful gesture on your part, and I would be very grateful for that.
We really need those links removed from your site, and hoped you'd be kind enough to remove them for us?
If you have any questions, please feel free to contact me.
Thanks for your time and I look forward to hearing from you.
Kind Regards,
Alex Neilson 09/07/2012 REF-A0953 Acclaim Domains, Inc. 2620 E. 18th Street, Suite 2 Brooklyn, NY 11235 marketing@creditcardflyers.com
Great, nice post, I was wondering the same thing and found your website and I learned a lot and now I have got some idea. I’ve bookmark your site. Keep us updated.
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My new book, DIY U:Edupunks, Edupreneurs and the Coming Transformation of Higher Education (buy it here), will be published by Chelsea Green in April 2010. I'm a staff writer for Fast Company Magazine and the author of the book Generation Debt. I've written Generation Debt columns for the Village Voice and as a featured Yahoo! Finance expert. I've also written for publications ranging from the New York Times to ReadyMade magazine and Mental Floss.
I live in Brooklyn with a phenomenal husband and an amazing cat.
88 comments:
Hi Anya,
Is there going to be a PDF eBook version? I read most of my books on my iPhone (and shortly on my iPad).
Cheers,
Lee
I would also love to get the PDF eBook version of that book because I would like to read it on my PC or online from internet.
Thanks !
Student of Canadian college
I will find out and let you know!
i am so glad you're going to speaking at Bluestockings later this month. can't wait!
I actually discovered this book in huffington post and seo resellers because they are selling me links of the book.
Anya,
Before you posted the piece on unpaid internships, did you happen to check HP's Careers site? Check it out:
http://www.huffingtonpost.com/p/jobs-at-huffingtonpostcom.html
I'm not sure who should be more embarrassed, you or them.
Is there a signing at Victorias Secret?
Nice panel discussion last night. I was intrigued, and would have bought a book, if I hadn't given up buying books with money I don't have.
In your assessments and discussions of the educational debt burdens faced by generations of Americans over the past 15 years, it would be helpful to focus some attention on the substantial debt burdens faced by many graduates of professional schools such as journalism, law and medicine. Journalists who might otherwise do good investigative journalism are forced to consier higher salaries in more lucrative infotainment environments or in public relations. Physicians who might otherwise work in general practice in under-served communities are choosing more lucrative specialties, geographic locations and HMO/contractual agreements that prioritize the volume of patients treated rather than the quality of care. Lawyers who might work investigating Wall Street malfeasance at the SEC, represent the indigent through various Legal Aid societies, work in civil rights law, provide legal advice to non-profit organizations or to public service minded bloggers are forced to work in private practice for 10 to 15 years for multi-billion dollar corporations - if they can find any employment in the current economy. These categories of educational debt carriers are worth highlighting because of the uniquely rapacious practices of creditors in these specific sectors, the impact of the forced career decisions highlighted above and the smaller numbers of debt carriers in these categories when compared with college debt carriers, which means there are very few in Washington policy-making institutions who care about their interests IN THE NEAR TERM. All will see the costs to our society and our economy of the current situation over the long term. Arguably, we have already seen in 2008 the costs to the financial markets of not enough of the best and the brightest on staff at the relevant regulatory agencies in Washington due to the survival imperative of many law graduates to seek high salaries at top private law firms in order to pay off massive debt burdens rather than serve the interests of the financial markets and of larger society by offering their talents to those bodies tasked with ferreting out malfeasance in our financial markets. Thank you for your important work, and keep it up.
What's wrong with debt? Nothing, provided it's investemnt. The problem with the argument that all debt is bad is that it promotes stagnation. Tea party slogans about the national debt frustrate the creation of policies designed to make us competitive.
http://www.law.com/jsp/nlj/PubArticleNLJ.jsp?id=1202472307857&Young_attorney_Obama_didnt_answer_his_question&slreturn=1&hbxlogin=1
Young law grad: Obama didn't answer his question
Karen Sloan
September 21, 2010
I love your writings and I am having a super difficult time finding this book in local libraries....
I honestly believe in the work you do...and that it is inspiring that you are pointing out the flaws in the city when someone people our age sit back and watch their future's burn. (not sure if they know that is what is happening)
PS your first book I read during my sophomore year of college....sparked an interest in econ!
This is a wonderful post. The things given are unanimous and needs to be appreciated by everyone.
--------
johndouglas
Debt Settlement
Anya, You are an inspiration to me. You have worked and written for some of the very same magazine companies that I would love to be involved in. As a Cosmetolegist I think you can guess which ones Im talking about. And besides being a Cosmetologist, I just have a passion for writting anything that will inspire and help others, like yourself. I would love to read anything more that you have, as I said you are an inspiration and I just really admire you. Thanks so much. Lara.
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ICC Cricket World Cup 2011.
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Nice, that is awesome.
you are so lucky to be one of the bloggers of DIYUBook and other sites. Congratulations. Well keep on following you wherever you will go! :D
Anya well done, keep up good sorks! :)
Freslia
This is a wonderful post. The things given are unanimous and needs to be appreciated by everyone.you are so lucky to be one of the bloggers of DIYUBook and other sites. Congratulations. Well keep on following you wherever you will go
visited diyubook.com found many interesting articlein it
visited diyubook.com found many interesting article.....
I just finished reading Generation Debt and will definitely be reading this book as well. Great job drawing attention to America's debt crisis.
It is just awesome..Hoping for some more pictures..
What is the latest book on diyubook.com.
Exam Cram
Greetings Madam Kamenetz:
Presented in this lecture by Sheikh Imran Hosein is the core ethos of the Islamic economic system.
Imran Hosein The Prohibition of Riba interest
http://www.youtube.com/watch?v=_iyVR-apZJk
What is there in the Islamic economic system that protects the common man?
1)Prohibition on lending money at interest.
Lending money at interest accomplished two things at the same time: A transfer of wealth and purchasing power from the hands of the borrower to the lender through the interest payments and a transfer of control over the economy to the lender such that the lender gains increasing hegemony over the marketplace.
2) Gold and silver returned to the marketplace as currency.
Let us define intrinsic value as value not imposed on a substance, value that is recognized irrespective of culture.
Gold has such value in China as it does in Nepal, as it does in Guatemala and Uzbekistan. Unlike the US Dollar, the present world reserve currency, whose value and status has been determined by international agreements such as the Bretton Woods Accords. Gold has not required governmental imposition of value in order to be considered as currency by the masses, it is intrinsically valuable. Intrinsically valuable meaning that people recognize the utility of it; they may wear it as jewelry, use it as a conductor, or recognize it as a scare material and realize that purchasing power of the individual is protected if it is used as a medium of exchange.
3) Spot transactions are the norm and credit transactions are the exception.
This could be because interest is abolished and so the populace have more spending cash, so they do not need to borrow in order to buy.
It could also be because of:
Question: "Did last prophet Muhammad (PBUH) refused to pray Janazah[funeral prayer] for debtors? "
Answer: "The Hadith in reference and the practice of Rasulullah
[sallallaahu alayhi wasallam] are both authentic. "
Excerpted with slight modifications from:
http://www.islam.tc/cgi-bin/askimam/ask.pl?q=10397&act=view
The Islamic imperative is to avoid debts, as dying with debts is something considered so grievous that the Prophet of Allah, peace be upon him, refused to pray the funeral prayer of a debtor, indicating that debt is not a joking matter or a matter to be taken lightly.
I pray thee watch the video and write to Shiekh Imran sharing what insights you may have into the matter: http://www.imranhosein.org/contact-us.html
Thank you in abundance.
Hi anya,
You make life even more miserable when I can't find your contact information. Are you "akamenetz" or are you "kamenetz" at fastcompany dot com?
I just noticed on your bio for Generation Debt that it says you earned a "Pulitzer Prize nomination." Is this true?
Hello,
Thank you very much for linking to creditcardflyers[dot]com on this pages:
http://anyakamenetz.blogspot.com/2008/02/clock-is-ticking-for-american-spending.html
We'd be really grateful, if you could remove the links mentioned above. It would be a wonderful gesture on your part, and I would be very grateful for that.
We really need those links removed from your site, and hoped you'd be kind enough to remove them for us?
If you have any questions, please feel free to contact me.
Thanks for your time and I look forward to hearing from you.
Kind Regards,
Alex Neilson
09/07/2012 REF-A0953
Acclaim Domains, Inc.
2620 E. 18th Street, Suite 2
Brooklyn, NY 11235
marketing@creditcardflyers.com
Great, nice post, I was wondering the same thing and found your website and I learned a lot and now I have got some idea. I’ve bookmark your site. Keep us updated.
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Another great article. I like that you are very honest and direct to the point.
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I am married with two kids and i was stuck in a financial situation and i needed to refinance, pay debt and pay for my husband medical bill. I tried seeking loans from various loan firms both private and corporate but never with success,and most banks declined my credit. But as God would have it, i was introduced to VICTORIA LAWSON LOAN FIRM by a friend and i applied immediately with {marianlawson@outlook.com} loan sum of $30,000USD and today am a business owner and my kids are doing well at the moment. So dear,if you must contact any firm with reference to securing a loan with low interest rate of 2% and good repayment plans, Contact Victoria Lawson Loan Firm with (marianlawson@outlook.com) I am so happy now and i decided to let people know more about her, she offers all kinds of loans. You can contact her company today
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My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.
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I'm Helena Julio from Ecuador,I want to talk good about Mr Pedro on this topic.
Mr Pedro and his loan company gives me financial support when all bank in my city turned down my request to grant me a loan of 500,000.00 USD, I tried all i could to get a loan from my banks here in Ecuador but they all turned me down because my credit was low but with god grace I came to know about Mr Pedro on a loan platform so I decided to give a try to apply for the loan. With God willing they granted me a loan of 500,000.00 USD. The loan request that my banks here in Ecuador have turned me down for, it was really awesome doing business with them and my business is going well now. Email/ Contact if you wish to apply for a loan from them.
pedroloanss@gmail.com
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