CSD Dinner Table Topic of the Day: College, Student Loans and 21st Century Sharecropping

Definition of SHARECROPPER

: a tenant farmer especially in the southern United States who is provided with credit for seed, tools, living quarters, and food, who works the land, and who receives an agreed share of the value of the crop minus charges
Source: http://www.merriam-webster.com/dictionary/sharecropper
share36s

When I graduated high school, I remember people who didn’t go to college saying, “I know people with college degrees that make less than I do and I didn’t go to college!”

Now, I’ll be one of the folks telling high school grads, “I went to college and got a degree and I make more money than average, but I’m still poorer than most people who didn’t go to college!”

“Under this system, black families would rent small plots of land, or shares, to work themselves; in return, they would give a portion of their crop to the landowner at the end of the year.

The sharecropping system also locked much of the South into a reliance on cotton, just at the time when the price for cotton was falling. In addition, while sharecropping gave African-Americans autonomy in their daily work and social lives, and freed them from the gang-labor system that had dominated during the slavery era, it often resulted in sharecroppers owing more to the landowner (for the use of tools and other supplies, for example) than they were able to repay. Some blacks managed to acquire enough money to move from sharecropping to renting or owning land by the end of the 1860s, but many more went into debt or were forced by poverty or the threat of violence to sign unfair and exploitative sharecropping or labor contracts that left them little hope of improving their situation.”

Source: http://www.history.com/topics/sharecropping

At the current rate, over the next few decades, we will likely return back to a time when only the affluent can afford a college education and those who previously had earned a college degree, will not be able to afford to send their own children to school and will be paying student loan payments out of their social-security checks.

“Forget hitting the books son, better go dribble that basketball or throw that football to get a scholarship!”

students-loans2

Oh, and before someone comments, “Well, if you can’t afford to pay for a college degree, then you shouldn’t get a loan to pay for one!”

As a Dave Ramsey fan, I agree.

So surely you don’t have any credit cards, a car note or a mortgage right? Because if you can’t pay cash for a house, then why should you feel entitled to get a loan to buy a home. After all, the amount many owe in student loan debt equals what they would pay for a home.

Also, I’ll agree more with that statement when our student loan debt is seen as “too big to fail” like the banks that loaned the money, and maybe it can just be wiped off the books.

…just like the folks that walked away from their houses when they bought more than they should have when those loans were flowing like water.

Quite honestly, college is still the best option for the young and old. However, my gripe is with the “wisdom” that getting the education is a guarantee to a great paying job, home ownership, and “you’ll make much more money than your peers that didn’t go to college over your lifetime.”

Well, none of those are absolute truths.

But you better be absolutely sure what you want to major in, how much does it pay in the end and know exactly what you can pay off. Because while the banks that loaned you the money are too big to fail, you aren’t…and you can’t file bankruptcy on student loan debt like they can!

Check out this article from blog.metrotrends.org

With national student loan debt of roughly $1 trillion, it’s no surprise that many Americans are worried about their student loans.

Student loan debt has surpassed credit card debt and is second only to mortgage debt among those age 29-37. This ballooning student loan debt is a contributor to the “lost generation” of 20- and 30-somethings, whose average wealth is lower than the average wealth of those in their 20s and 30s three decades ago.

We published a new brief on school-related debt, using the FINRA Investor Educational Foundation’s 2012 National Financial Capability Survey. One in five adults age 20 and older has school-related debt and concern about the ability to repay is pervasive. The majority of student debt holders (57 percent) is worried that they may be unable to repay that debt.

If Congress doesn’t reach a compromise and the rate of subsidized student loans doubles, student loan debt and the increased payment burden will increase stress around repayment.

Beyond the short-term burden of repaying loan balances and interest, this early debt can have ripple effects and hinder borrowers’ ability to get on a secure wealth-building path. It can delay building a rainy day fund, homeownership, and saving for retirement.

Some of our findings may not be shocking to those who write monthly checks to Sallie Mae, yet they illustrate the magnitude and pervasiveness of the issue:

  • Student loan debt affects people at all levels of educational attainment. Nine percent of those with just high school diplomas have school-related debt, possibly incurred for non-degree training or to fund a child’s education. Twenty-five percent of those with some college education but no degree have student loans.
  • Student loan debt disproportionately affects African Americans and Hispanics. African Americans and Hispanics are twice as likely to have student loan debt as compared with whites. The large racial wealth gap and lower wealth among families of color likely lead these students to more often turn to student loans to finance their education.
  • Student loan debt affects people at nearly all income levels. Twenty percent of those in households with annual incomes under $25,000 have student loans—that’s only 2 percent more than those earning $100,000 and up.
  • Concern about repaying student loan debt also cuts across economic and demographic groups (see figure below). Nearly three-fourths of those with incomes less than $25,000 are concerned about their ability to repay—and so is a still-substantial 36 percent of those earning above $100,000.

College is a good investment for those able to complete the degree, but roughly half of people do not. Out of the starting gate, students should consider the cost and completion rate at the institution they plan to attend, earnings in their field of study, and type of student loan (public or private). Helping young people take advantage of student loans to get their degrees—but avoid burying themselves in debt—is a step in the right direction toward economic stability and wealth accumulation.

studentdebt_graph

Illustration by Daniel Wolfe / The Urban Institute.

 

CornerstoneDad Podcast #12 – CSD On The M-I-C With J-Sizzle

Broke-athletes

We have someone new joining the podcast, J-Sizzle!

J and I tried to limit our discussion to three topics, but we could barely make it. However, we still tried to catch up on some great topics that we’ve had on our minds that include:

  • ESPN’s 30-for-30: BROKE – We ponder the question, how could all of these athletes end up broke after making millions of dollars?
  • “I’d like to thank my lord and savior”…wait, what did Jamie Foxx just say? Did he say Barack Obama?
  • J-Sizzle answers the question that I will now ask every dad that appears on this show. He’s truly setting the bar high for the men that he comes in contact with, but what would your answer be to this all important question?

So tune in, check it out here

Podcast #12 with J-Sizzle

or on iTunes and feel free to let us know what you think!

 

CSD Dinner Table Topic – What’s For Dinner? Betcha Verizon Will Know Because Your DVR Is Telling Them

BBrother

Perhaps you want to go back and check out these posts on CSD before reading the article from PCMag.com below:

http://cornerstonedad.com/2011/12/29/xbox-kinect-and-privacy/

http://cornerstonedad.com/2012/10/03/privacy-watch-xbox-your-data-sorry-sir-youre-too-fat-to-order-the-meat-lovers-pizza-and-all-you-do-is-play-video-games/

So if you thought ole Cool Pappa just had his black suit, tin foil hat and DVD’s of Doomsday Preppers loaded in my BOB, you’re right! I knew this was coming.

If human beings can, they will.

Companies will do whatever they can to maximize profits, if that gain outweighs whatever consumers will just “get over” in two weeks (because you know, we’d rather hear about pregnant royalty in the “Motherland”).

Photograph: Matt Dunham/AP

Photograph: Matt Dunham/AP

Keep your eye on this story.

If not, don’t worry, because they’ll be keeping an eye on you!

CSD

Verizon Patent Covers DVR That Knows What You’re Saying, Doing

Your cable box is listening. And judging. Yes, that set-top box has become self aware and will be listening to your fights, phone calls, and pillow talk in order to serve up targeted ads.

Well, not quite. But it might one day become a reality, according to patent application from Verizon Patent and Licensing, Inc. that was recently made public. It covers a system that displays ads based on the “ambient action of a user.”

As noted by sourcefednews.com, the patent describes a “detection zone” whereby your set-top box (or any media “processing device”) will pick up on “ambient action” and play ads that relate to your activity at commercial breaks.

An ambient action could include eating, exercising, laughing, reading, sleeping, talking, singing, humming, cleaning, and playing a musical instrument. Specifically, the patent cites “cuddling, fighting, participating in a game or sporting event, and talking.” So, if you’re fighting, ads for anger management, and condom ads for times when you’re cuddling?

The patent also notes that ads could be directed to a mobile device.

“Traditional targeted advertising systems and methods fail to account for one or more ambient actions of a user while the user is experiencing media content using a media content access device,” the patent reads. “For example, if a user is watching a television program, a traditional targeted advertising system fails to account for what the user is doing (e.g., eating, interacting with another user, sleeping, etc.) while the user is watching the television program. This limits the effectiveness, personalization, and/or adaptability of the targeted advertising.”

This, of course, could either be terrifying or intriguing. If I’m chatting with someone about possible vacation spots, go ahead and serve up possible hotels and flights. But if I’m on ice cream sandwich No. 3 for the night, will my TV show me Weight Watchers ads? Or Match.com if I’m home on a Saturday night. Ouch.

I can also already hear privacy advocates having a collective seizure. They are already concerned with computer programs that serve up targeted ads based on computer searches and Web activity. A device that listens to your conversations and monitors your activity? Can’t wait for the congressional hearing on that one.

Of course, many patents either go nowhere or take years to implement. Apple, for example, has a patent for “5D” technology. This might all sound very Big Brother in 2012, but who knows what type of technology we’ll have in five or 10 years? The patent holders are likely thinking ahead to what could be – and how it can make some good money on patent licensing deals.

“Verizon has a well-established track record of respecting its customers’ privacy and protecting their personal information. As a company that prizes innovation, Verizon takes pride in its innovators whose work is represented in our patents and patent applications,” a Verizon spokesman said in a statement. “While we do not comment on pending patent applications, such futuristic patent filings by innovators are routine. This is also highly speculative and whatever we might do in the future would be in line with our well-established track record of respecting our customers’ privacy and protecting their personal information.”

Editors’ Note: This story was updated Thursday with comment from Verizon and to clarify that the patent has not officially been granted.

For more from Chloe, follow her on Twitter @ChloeAlbanesius.

http://www.pcmag.com/article2/0,2817,2412896,00.asp

So…Exactly What IS Mitt Romney’s Position On Abortion?

Taken at: Creation Museum

Allow me to be political for a moment.

I remember in high school having serious debates over abortion back in 1984. Now it is 2012 and the abortion argument is still alive and well and rightfully so, for we are talking about the life of another human being.

A life…so why is this issue not at the front of Mitt Romney’s mind?

“Dannenfelser said she thinks Romney’s comment to the editorial board was nothing more than a slip — that he just has too much else on his mind to keep issues like abortion front and center.

“I think the simple truth of the matter is his head is in jobs and the economy almost all day long, almost every single day,” she said. “And of course we want at least a third of his focus to be on it all the time, but you don’t always get everything that you want.” (Read more below)

I know many Christians that refuse to vote for ANY democratic candidate because of the abortion issue (I can say with some confidence that some use this issue as just a smoke-screen). I certainly respect that decision and even agree with that stance, but my question is, “So what has your undying support for the Republican party really done, as the debate is still the same after 28 years?”

In the last few elections, many in the African-American community have questioned the undying loyalty of other African-Americans to the Democratic party. For many African-American’s, the democratic stance on civil rights is the swing-issue. The question gets raised to them, “So what have they actually done for you? Do they really need to have your interests in mind when they know you will not go and vote for the Republican candidate?”

That’s a good question to ask.

Now, it’s about time Christians start asking this same question of the Republican party.

Candidates seem to get away simply saying, “I’m Pro-Life!”, without any follow-up questions as to what they mean.

So ask Mitt Romney what being “Pro-Life” really means?

Read or listen to the story below and tell me what you think.

It sounds to me like Mr. Romney is a lot closer to the center than many Christians want to admit.

Secondly, what do we do about this statement in the article below,

“…just as it was no accident when Romney said in a CBS evening news interview in August that he supported abortions when the pregnant woman’s health — not just her life — was threatened. That position was also reversed later, quietly, by staff.”

Some have pointed to Romney’s past positions as well. “Running for the U.S. Senate in 1994, Romney insisted that “since Roe v. Wade has been the law for 20 years […] we should sustain and support it.” And again in 2002, running for governor in Massachusetts, Romney insisted that he would “preserve and protect a woman’s right to choose” and vowed to “not change any provisions of Massachusetts’ pro-choice laws.”

(Source: http://www.rawstory.com/rs/2012/08/28/romney-accidentally-says-he-favors-health-exception-for-abortion/)

So as someone who doesn’t have a dog in this race (no pun intended), I must call out the hypocrisy that I see on this all important issue. The double-talk done by the candidate and many of the Christian Pro-Life-is-the-only-issue supporters who will not hold him to task if he gets elected OR pin him down to take a firm position on the sanctity of life.

I listen to many commentators on Christian radio and the line continues to be drawn:

Obama – Baby Killer <————————————————————> Romney – Baby Advocate

I think an argument can be made that neither candidate will do anything to reduce abortion. I do not have the space or the time right now to debate the “except for rape and incest” clause that many Republicans always throw out, but just by adding “health of the mother” should tell us a lot about how he really feels right there.

Why does he view a life differently in his exception clause and exactly what does he mean by, “health”…if that’s what he meant…oh I can’t keep up…

Just like many African-American’s are sheep for the Democratic party, it’s about time Christians admit they are nothing but sheep for the Republican party.

… and the last I checked, God was the only Shepherd that we were commanded to follow.

And in my best Andy Rooney tone, “and I don’t think He is a Republican!”

Hebrews 13:20 Now may the God of peace who by the blood of the eternal covenant brought back from the dead the great shepherd of the sheep, our Lord Jesus Christ, ©NET

Hear the story here: http://www.npr.org/blogs/health/2012/10/10/162667478/romney-causes-yet-another-abortion-stir

“Just how many abortion positions does Mitt Romney have? Once again, that answer is unclear.

This time the confusion began Tuesday, during a meeting with the editorial board of the Des Moines Register.

“There’s no legislation with regards to abortion that I’m familiar with that would become part of my agenda,” Romney said.

He went on to add that he would use an executive order to reinstate the “Mexico City Policy,” which bars U.S. aid to international groups that lobby or pay for abortions.

But the comment about not pushing abortion-restricting legislation surprised those on both sides of the abortion debate.

 

“That’s quite a shock, coming from Mitt Romney, who has consistently called for the overturn of Roe v Wade; who said that he would appoint Supreme Court justices who would do just that; who has an extensive pro-life agenda on his website that anybody can access,” says Beth Shipp, political director of NARAL Pro-Choice America.

That agenda includes things like defunding Planned Parenthood, which would require legislation. Romney has also endorsed legislation to ban abortions at the point fetuses can theoretically feel pain.

In addition to a terse statement from the campaign vowing that, if elected, Romney would “be a pro-life president,” the candidate himself tried to walk back some of his comments when asked by reporters at a campaign stop Wednesday.

“I think I’ve said time and again, I’m a pro-life candidate. I’ll be a pro-life president,” he said during a rope line in Ohio.

Even before Romney’s walk back, however, he was being defended, if somewhat weakly, by abortion opponents.

“No one likes to be caught flat-footed or see your hero flat-footed. But those moments do come,” said Marjorie Dannenfelser, president of the Susan B. Anthony List.

Dannenfelser said she thinks Romney’s comment to the editorial board was nothing more than a slip — that he just has too much else on his mind to keep issues like abortion front and center.

“I think the simple truth of the matter is his head is in jobs and the economy almost all day long, almost every single day,” she said. “And of course we want at least a third of his focus to be on it all the time, but you don’t always get everything that you want.”

NARAL’s Shipp, however, thinks it’s anything but an accident — just as it was no accident when Romney said in a CBS evening news interview in August that he supported abortions when the pregnant woman’s health — not just her life — was threatened. That position was also reversed later, quietly, by staff.

“I know Mitt Romney really wants women to vote for him,” Shipp says. But the way that he’s going about this, by lying to people about where he stands on the issues, is not going to serve him well come Nov. 6.”

Still, political scientist John Green of the University of Akron says what Romney is doing isn’t all that unusual.

“There’s a long tradition of candidates adopting one kind of position for a broad audience, maybe on television, then having a different position in direct mail or in smaller venues,” he says.

Green says Romney is running into trouble because in today’s world of Twitter and nonstop cable news, there’s no such thing as being able to deliver different messages to anyone anymore.

“We’ve discovered over the last couple of election cycles, and we’ve seen it in many examples this year, is that it’s hard to keep those different venues separate because of our communication technology today,” Green says.

With an issue as touchy as abortion, that can become even more hazardous, says Green.

“The people who really care about something like abortion, whether they’re in the Republican base or the Democratic base, have very firm convictions on where a candidate should stand,” he says. “And variation on those convictions can create very real problems.”

Those problems include both alienating one’s own voters, and mobilizing those on the other side.

At least for now, however, Romney seems to be making it work. There’s still nearly a month until Election Day, however, and two more debates to go.”

Source: http://www.npr.org/blogs/health/2012/10/10/162667478/romney-causes-yet-another-abortion-stir

Privacy Watch: Xbox & Your Data – “Sorry Sir, You’re Too Fat To Order The Meat Lovers Pizza and All You Do Is Play Video Games…”

As I mentioned on this post, I take privacy a bit more seriously than most people. This is simply because in my Clark Kent life, I know the power of data and how valuable it is. People will pay top dollar for information about you because we live in a society that values the “personal touch”. It’s just not enough to market baseball (shout out to the Oakland A’s as they made the 3rd greatest comeback in MLB history to clinch the AL West!), but they want to market the exact team that we pull for with the exact products we buy at the exact level of our disposable income. At no time in history has this been possible, until now.

So I’m glad to see this video still making the rounds on the internet. I first saw it about 8 years ago, when I was amazed that the pizza place knew who we were when we called to order one Friday night. It was funny then, but it’s becoming more prophetic now. I’ve heard people say, “It doesn’t matter anyway…”, but yes it does if you care about your wallet. It’s not that companies are just making money off your information, but they are charging YOU more money based on the data that they find. Don’t believe me? Okay, skip next month’s electric bill and look at the impact it has on your credit score. Then watch that credit score then impact your insurance premium. If things get really tight, watch that insurance premium impact your employment-eligibility for certain job positions. The dominoes just keep falling and falling…

I may not agree with many positions of the ACLU, but I think they got this one right:

Let me also mention the device that we purchased for our Xbox Kinect. It’s called the Pritect Sensor Cover and it sells online for less than $10! It’s well worth it knowing that Microsoft isn’t using the information (and video!) that it collects while my kids play the Xbox or monitoring the movies we play…Netflix already knows all that.

Uh boy…

Oh yea, don’t believe me on the Xbox Kinect? Take a look at these screen shots I took while changing the settings that are WIDE OPEN BY DEFAULT. Plus, finding your privacy settings isn’t nearly as easy as finding all of the other meaningless items they plaster on the dashboard.

 

CSD

Revenge of the Homeschooling Dad

I’ve had it. I’m done. I’m tired of the comments.

I will come here to vent, but I may just vent on the people who feel the need to give me their opinion as well.

But if there are any homeschooling parents out there, feel free to chime in with your experiences as well.

I’m about to start a new section called: Revenge of the Homeschooling Dad.

First post:

Why are you asking about my kids socialization when all people complain about is how disrespectful children are these days, how self-centered they are, and how they aren’t learning anything in school…folks keep giving their unsolicited opinion to me, so I’m about to start giving mine….Oh yea, and they are so Biblically illiterate, that Jesus is nothing but a swear word to them, not their Savior.

Yea, it’s on now…if you want my skin to be thick enough for your opinions, I’m sure yours is thick enough to hear mine as well.

After all, I’m sure you went to school, so you know how to interact with various people and respect different views when my kids will not right?

CornerstoneDad Privacy Alert: Insurance Companies Want Your Car’s Data

A few years ago, I predicted this was going to happen and folks thought that I had the tin-foil hat on again. But State Farm (and I’m sure others are sure to follow soon) wants your data, urrr….car’s data. Now this isn’t completely new, and trust me, it will one day be common. But lets think about the ramifications.

1.) At least once per week, I travel to a high crime area. Now they already judge me on the number of days I drive my car to the office, and that’s only part of the week, so why would they NOT develop an algorithm to determine the increased risk on the other days?

2.) For you vacation-draft-behind-truck-speeders…gotcha. Forget about your Fuzzbuster (my old school dads know what I’m talking about-that’s a radar detector for those born after 1985), your car will just report that you averaged 79 mph with applied braking at high speeds.

3.) Don’t get me started how they are messing people over by using their credit report as another factor in determining rates.

…can you give us a few more?

What other things do you think the insurance companies will extract from your ride and driving habits?

Oh yea, I bet the amount of the discount for good behavior is never as high as the rate increase for bad behavior. That’s not justice, that’s insurance company mathematics.

What do you think?

What Did Boney Say: How NOT To Treat Your Employees

Big Homie (7 yrs. old) and Boney (5 yrs. old) were playing. Big Homie was her boss and asked Boney to draw something.

Somewhere along the line, Boney said, “How much do I get paid for this?”

Big Homie said, “I do not have any money, so I’ll give you some Monopoly money.”

Boney expressed her concern of not being paid with real money.

Big Homie basically said, “You’re fired!”

Boney then decided that she will go in her room and barricade the door because, “…she didn’t want to be disturbed.” However, she really did not want to let him in.

What was her former boss’s response?

He offered her the job back, but through the door, she refused.

So his next action, was to go in his room and barricade himself behind the door!

Life lesson for those of us in the workplace?

If you treat your employees bad, one day, no matter how grateful you think they should be in this economy, they are going to leave and not come back.

If you’re an employee, it’s smart to find out how much you are going to get paid BEFORE doing the work. Because in the end, she has five other people in this house the she may be able to market her talent of drawing to, but she’s the cheapest labor that he can find…so his baricade might as well be for the bill-collectors when he has to close up shop.

“When Keeping It Real and Outsourcing Goes Wrong”

Did you hear that America?

CSD

True Riches With the Mission Men @ the Mission: Man’s Plans vs. God’s Plans

All rights reserved by Detroit Liger

At NASA, our nation celebrates one of the greatest triumphs in human history, the ability to fly to outer space.

Yet, how can we do something so amazing, yet we cannot stop ourselves from telling a lie, stealing or thinking evil thoughts?

Check out this message over at True Riches With the Mission Men, given at New Life Rescue Mission in March.

Click here: Man’s Plan vs. God’s Plan.

CornerstoneDad Podcast #10 – America The Beautiful, With It’s Hoodies and N-Words

In this episode, I interview my oldest boy Kory Devon on the Trayvon Martin killing. We discuss some of the issues he faces being a young man not far from Trayvon’s age group, whether people should use the “n-word”, and if America can ever get past its problem with race. Parents, if you have a problem with your children hearing such a frank discussion about race, then parental discussion is certainly advised.

Just click HERE to listen to the show.

Washington Watch Exclusive: The Parents Of Slain Florida Teen Trayvon Martin Speak Out

I will deal with this story and issue soon. In the meantime, I wanted to post this video from Washington Watch, as it knocks down all the stereotypes that I’m sure people are looking for. Many times people will say, “Well, I’m sure something happened to make that guy act that way” or “Maybe the kid was threatening to the man”.

What saddens me the most is that my son and I were just visiting the Orlando area exactly one month ago. I gave him more freedom while we were away than I normally would at home since his other siblings were not there. My heart rate increases when I ponder on the “what-ifs” like, “What if neighborhood watch would have been following him when he was making the one-mile walk to his cousin’s house?” “What if something would have happened when he was out playing football and on his way home just before dark?”

I think I would be thinking just like Trayvon Martin’s dad said in the above video, he would have been waiting on me to protect him, and I would not have been there.

My mentor Dr. Lyn Lewis used to say something to the affect that black men grow up knowing that they are one step from jail or dead, no matter who they are or what they do in life.

I’ll echo another saying she’d say, that’s some good Sociology right there, because this Trayvon Martin murder proves her point. Good kid, good parents, smart, athlete, but still dead like a L.A. gang member.

Lets keep the heat on this story before it gets swept away by more important things like what the Duchess of Cambridge is wearing or what Peyton Manning is doing.

Photograph: Matt Dunham/AP