06-24-2018  12:22 am      •     
The Skanner Report
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NEWS BRIEFS

AG Rosenblum Seeks Info from Oregonians

Oregon Attorney General seeks information on children separated from families at border ...

Community Forum: How Does Law Enforcement Interact With Vulnerable Populations?

Forum will focus on public safety and examine mental health and addiction issues ...

King County Council Recognizes Juneteenth

The Metropolitan King County Council recognizes a true 'freedom day' in the United States ...

Unite Oregon Hosts ‘Mourn Pray Love, and Take Action’ June 20

Community is invited to gather at Terry Schrunk Plaza at 6 p.m. on World Refugee Day ...

MRG Foundation Announces Spring 2018 Grantees

Recipients include Oregon DACA Coalition, Kúkátónón Children’s African Dance Troupe, Komemma Cultural Protection Association ...

On the hunt in Oregon for a rare Sierra Nevada red fox

BEND, Ore. (AP) — In a dense forest at the base of Mount Bachelor, two wildlife biologists slowly walked toward a small cage trap they hoped would contain a rare red fox species. Jamie Bowles, an Oregon Department of Fish and Wildlife technician in Bend, and Tim Hiller, founder of the...

Lawsuits allege racial profiling in Portland-area businesses

SALEM, Ore. (AP) — Several African Americans are suing big-box stores and restaurants in Oregon, claiming employees at those places wrongly accused them of stealing because they were "shopping while black."A Portland law firm has filed five lawsuits alleging racial profiling at businesses in...

Abuse survivor finds new life, success in Pacific Northwest

VANCOUVER, Wash. (AP) — Jonathan Dutson long dreamed of moving to the Pacific Northwest, where its lush greenery offered a respite from the scorching Arizona sun he grew up beneath. But Dutson was looking as much for a new home as he was looking for an escape.Dutson was one of 700 who walked...

Alaska city honors Guardsmen killed in crash after '64 quake

ANCHORAGE, Alaska (AP) — A month after the second most powerful earthquake ever was recorded, the Alaska port community of Valdez remained in ruins.A hulking Alaska National Guard cargo plane's mission April 25, 1964, was to deliver Gov. William Egan to oversee efforts to rebuild the town on...

OPINION

How Washington’s 'School Achievement Index' Became School Spending Index

New assessment categorizes schools not by quality of education, but level of funding officials believe they should receive ...

Black Mamas Are Dying. We Can Stop It.

Congresswoman Robin Kelly plans to improve access to culturally-competent care with the MOMMA Act ...

Hey, Elected Officials: No More Chicken Dinners...We Need Policy

Jeffrey Boney says many elected officials who visit the Black community only during the election season get a pass for doing nothing ...

Juneteenth: Freedom's Promise Still Denied

Juneteenth is a celebration of the de facto end of slavery, but the proliferation of incarceration keeps liberation unfulfilled ...

AFRICAN AMERICANS IN THE NEWS

Lawsuits allege racial profiling in Portland-area businesses

SALEM, Ore. (AP) — Several African Americans are suing big-box stores and restaurants in Oregon, claiming employees at those places wrongly accused them of stealing because they were "shopping while black."A Portland law firm has filed five lawsuits alleging racial profiling at businesses in...

Racist tropes in Ramadan TV satires anger black Arabs

DUBAI, United Arab Emirates (AP) — In an attempt to capitalize on what's become a ratings bonanza for Arabic satellite channels during the Muslim holy month of Ramadan, two comedies struck the wrong chord with audiences when their lead actors appeared in blackface.Criticism was swift on...

Chaos on the border inflames GOP's split with Latinos

When more than 1,000 Latino officials __ a crop of up-and-coming representatives from a fast-growing demographic __ gathered in Phoenix last week, no one from the Trump administration was there to greet them.It marked the first time a presidential administration skipped the annual conference of the...

ENTERTAINMENT

Han Solo's Blaster from 'Return of the Jedi' tops auction

LAS VEGAS (AP) — Han Solo's Blaster from the "Return of the Jedi" has sold for 0,000 at a Las Vegas auction.Julien's Auctions says Ripley's Believe It or Not bought the item Saturday.The sci-fi weapon was the top-selling item at the Hollywood Legends auction.The blaster was part of a...

Ornate NYC theater, used for years as a gym, to be restored

NEW YORK (AP) — For years, Long Island University's basketball team played in a French Baroque movie palace in downtown Brooklyn.The gilded wall fountains, plastered statuettes and towering, one-of-a-kind Wurlitzer organ pipes of the historic Paramount Theater were preserved by the...

Vinnie Paul, co-founder, drummer of Pantera, dies at 54

Vinnie Paul, co-founder and drummer of metal band Pantera, has died at 54.Pantera's official Facebook page posted a statement early Saturday announcing his death. The label of Hellyeah, his most recent group, confirmed the death but neither statement mentioned Paul's cause of death.His real name...

U.S. & WORLD NEWS

In about-face, Iraq's maverick al-Sadr moves closer to Iran

BAGHDAD (AP) — Muqtada al-Sadr, the maverick Shiite cleric who emerged as the main winner in Iraq's...

US moves 100 coffins to N. Korean border for war remains

SEOUL, South Korea (AP) — The U.S. military said it moved 100 wooden coffins to the inter-Korean border to...

New Zealand leader names daughter Neve, leaves hospital

WELLINGTON, New Zealand (AP) — New Zealand Prime Minister Jacinda Ardern and her partner Clarke Gayford...

AP PHOTOS: Germany salvages campaign on Day 10 of World Cup

MOSCOW (AP) — Germany midfielder Toni Kroos scored a dramatic late winner to come from behind and beat...

Beyond World Cup: Advocates call attention to Russian abuses

MOSCOW (AP) — Wrapped in national flags, jubilant fans dance at midnight in the streets of Moscow, smiling,...

In about-face, Iraq's maverick al-Sadr moves closer to Iran

BAGHDAD (AP) — Muqtada al-Sadr, the maverick Shiite cleric who emerged as the main winner in Iraq's...

graduation ceremony
James Clingman, NNPA Columnist

By the time you read this article, millions of college students will have graduated and be looking for jobs, many will be going on to grad school and millions will suddenly be faced with paying off college loans or contemplating obtaining a loan for graduate studies.  Neither option is attractive.

Even if students are fortunate enough to have a job when they graduate, if they are laden with tens of thousands of dollars in debt, it will be very difficult to save money for their future, pay living expenses and costs associated with the job they accept, and make $300-$600 in monthly payments for college loans.   

For those moving on to grad school, unless they have a fellowship or some other kind of grant, they will have a tough decision to make when the loan officer at their school or the bank says, “No problem, here’s a $30,000 check to pay for your degree.”  I hate to think what it costs for an medical degree these days.

At more than $1 trillion, having surpassed credit card debt, college loan debt is an albatross around the necks of students, some of whom had no idea of what they were getting into and some who did know but refused to do anything about it until now, when it’s too late. 

With the job market the way it is and has been for Black people for decades, some graduates will have an overpriced college degree without a commensurate job prospect. They will be faced with the challenge of paying back their loans while looking for a job that does not exist.  Or, they will have to accept the prospect of joining the ranks of the “underemployed.” 

This is indeed a sad state of affairs for our best and brightest, the grandchildren of the baby boomers.  It is said that “millennials,” as they are called, are the first generation that will be worse off than their parents.  Most parents want their children to do better than they did, and most parents participate in that aspiration by putting a little money aside to help their children get off to a reasonable start in life.  However, in today’s economic climate, there is very little of that kind of help available from parents who are struggling just to pay the rent and keep the lights on.

What can we do? 

High on our agenda should be a demand made, to Congress and whoever is running for president, for student loan debt forgiveness.  A strong, independent bloc of voters must go to candidates in both parties and make this demand.  Keep in mind, however, as I have said before, a demand without power backing it up is just rhetoric.  I think we have heard enough and had enough of empty words by some of our leaders to know that it will take more than just asking for what we want.  We must be willing to withhold our votes in order to get what we want—and that goes for both parties.

The banks and other financial entities got their $780 billion bailout. Where is ours?  Why not bail the students out, and why not bail the homeowners out rather than merely “adjusting” their loans?  The bankers were given billions that they used to make even more money from the taxpayers (That be us, y’all) who paid their bills.  Contrary to what we were told, lending was curtailed rather than expanded, and hundreds of thousands of folks are still homeless because there was no real bailout program for them.

The so-called American Recovery and Reinvestment Act, as of January 1, 2014, had paid out $816.3 billion in tax benefits, grants, contracts, loans; and entitlements.  Who got that money?  In my neck of the woods, the folks who got the most were those who worked on the roads and expressways; of those contractors and workers, few if any were Black. 

Georgia recently embarked on a $1 billion-plus road improvement project, and even with 3.2 million Black folks in that state, the fourth highest in the nation, Black contractors and workers will not benefit as much as they should. Department of Transportation inclusion rules are based on Disadvantaged Business Enterprise (DBE) Programs, in which White female businesses get a significant share of the contracts, and “front” companies rule the day. 

So with all of the barriers facing our 2015 graduates, and the bleak outlook for improvement of their lot, the least we could do is bail them out of their student loans.  Politicians said the banks were “too big to fail,” and I guess the bankers were “too big to jail.”  They caught a huge break from George W. Bush and Obama.  It’s time for a break for Black and poor people now.  Hey politicians, forgive student loans.

 

Jim Clingman, founder of the Greater Cincinnati African American Chamber of Commerce, is the nation’s most prolific writer on economic empowerment for Black people. He can be reached through his website, blackonomics.com. He is the author of "Black Dollars Matter: Teach Your Dollars How to Make More Sense", which is available through his website; professionalpublishinghouse.com and Amazon Kindle eBooks.

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