11 août 2014

What Would Thomas Jefferson Say About the Internet?

http://www.hastac.org/files/imagecache/Small/hastac-icon.jpgBy Cathy Davidson. I wouldn't be a historian of the Internet had I not been trained as a historian of the book.  Or I certainly would not have had the long historical perspective on this new tool and been able to see its possibilities, its dangers, and our responsibilities for teaching our students how to use it well.   The alarmism and hysteria, though?  That seemed all too familiar.   When Nicholas Carr and others were sounding all the alarms about the evils that the Internet would cause--shallowness, distraction, loneliness, and the rest--it sounded to me pretty much like Thomas Jefferson's early assessment of the novel.  Parallel to Carr's famous indictment of Google, Jefferson was sure novels made you stupid. More...

Posté par pcassuto à 00:06 - - Permalien [#]

Update on 2U: First full quarterly earnings and insight into model

By Phil Hill. 2U, the online service provider that went public in the spring, just released its financial report for the first full quarter of operations as a public company. The company beat estimates on total revenue and also lost less money than expected. Overall, it was a strong performance (see WSJ for basic summary or actual quarterly report for more details). More...

Posté par pcassuto à 00:03 - - Permalien [#]

Federal Reserve Board backs up e-Literate in criticism of Brookings report on student debt

By Phil Hill. I have been very critical of the Brookings Institution report on student debt, particularly in my post “To see how illogical the Brookings Institution report on student loans is, just read the executive summary”.

D’oh! It turns out that real borrowers with real tax brackets paying off off real loans are having real problems. The percentage at least 90 days delinquent has more than doubled in just the past decade. In fact, based on another Federal Reserve report, the problem is much bigger for the future, “44% of borrowers are not yet in repayment, and excluding those, the effective 90+ delinquency rate rises to more than 30%”.

More than 30% of borrowers who should be paying off their loans are at least 90 days delinquent? It seems someone didn’t tell them that their payment-to-income ratios (at least for their mythical average friends) are just fine and that they’re “no worse off”.

Well now the Federal Reserve Board themselves weighs in on the subject with a new survey, at least as described by an article in The Huffington Post. More...

Posté par pcassuto à 00:02 - - Permalien [#]