The Higher Education (Debt) Bubble - "[H]igh and increasing college costs mean students need to take out more loans, more loans mean more securities lenders can package and sell, more selling means lenders can offer more loans with the capital they raise, which means colleges can continue to raise costs. The result is over $800 billion in outstanding student debt, over 30 percent of it securitized, and the federal government directly or indirectly on the hook for almost all of it. If this sounds familiar, it probably should... [more inside]
posted by kliuless on May 17, 2011 - 185 comments

The world of the laid-off techie. "Human resource experts say the underemployment trend in the current economic cycle is just starting to emerge. Many workers got the ax when mass layoffs peaked in the summer and fall of 2001, and they coasted on several months of severance and unemployment insurance, which generally lasts six months. With the tech job market still in the doldrums, they're now considering new gigs as waitresses, bartenders, forklift drivers or baby sitters--anything to pay the rent. " I wish the media hadn't/didn't focus so much attention on the suits who seem to only be able to "fail upwards" versus the folks in the trenches. (via /.)
posted by owillis on Feb 11, 2002 - 64 comments

Antidote to Dot-Com Is Dot-Gone, and the Dream With It. The tourists' decampment for winter was quite a spectacle, but the locals dig in.
posted by mlinksva on Nov 27, 2001 - 0 comments

“Nobody needs information architects anymore” “His problem, he figures, is simple: Nobody needs information architects anymore. The entire discipline was overly specialized, a hologram created by temporarily explosive demand for Web-site design, which vanished last year.” (Link sometimes worked and sometimes did not over the course of ten trials in three browsers. ROBMagazine.com → Table of contents → “Crash Test Dummies” will get you there.)
posted by joeclark on Jun 4, 2001 - 21 comments

51,631 dot com layoffs as of Feb. 01, 2001. Is it that the web allows us to simultaneously view the usual failure of 99% of new businesses, a sign of the coming recession, or just a result of bad business plans and get rich quick schemes? Or was it simply too good to last? Whatever the reason, it's depressing.
posted by crushed on Feb 2, 2001 - 19 comments