He favors raising the cap. He doesn't explain how the demographics play into this opinion.
Abundance is about the specific puzzle of Gavin Newsom beginning his governorship by saying he wanted to build 3.5 million new homes in California and falling far, far, far short. Abundance is about why we never got high-speed rail, even though Californians voted to fund it and the federal government kicked in billions under Barack Obama. Abundance is about the reality that we cannot build enough clean energy infrastructure to meet the climate goals that virtually everyone on the Left believes we should meet under the laws we currently have.
Abundance is about the category of goods for which the government has lost the ability to deliver, even when the people who want to deliver in that way win power. --Klein, Abundance's author.
***
Abundance is about the specific puzzle of Gavin Newsom beginning his governorship by saying he wanted to build 3.5 million new homes in California and falling far, far, far short. Abundance is about why we never got high-speed rail, even though Californians voted to fund it and the federal government kicked in billions under Barack Obama. Abundance is about the reality that we cannot build enough clean energy infrastructure to meet the climate goals that virtually everyone on the Left believes we should meet under the laws we currently have.
Abundance is about the category of goods for which the government has lost the ability to deliver, even when the people who want to deliver in that way win power. --Klein, Abundance's author.
So maybe incompetence is just a force of nature?
Ghost students.
Community colleges cannot decline high school graduates under most circumstances. Imagine what can happen.
Over the past five years, the federal government has investigated more than $350 million in fraud perpetrated by "ghost student" schemes
The scammers will use stolen or fake identities to enroll in classes online and sign up for Pell grants and loans, then disappear once they get the money -- robbing the federal government of hundreds of millions of dollars and leaving an untold number of victims of the stolen identity.
In California alone, nearly a third of all community college applicants in 2024 were identified as fraudulent, according to the California Community Colleges, the state's administrative body for the community college system.
Dr. Beatriz Chaidez, the chancellor of the San Jose Evergreen Community College District, told KGO-TV in San Francisco that at one point, a 50-person online class was booked in minutes and had 100 individuals on its waitlist. The school later learned that just six of those "students" were real people trying to get an education.
More than 200 investigations have opened nationwide, with some schemes suspected of racking up more than a billion dollars.
3 women, using prison inmates' IDs, made $1 million in one year.
Before their arrests in 2018 and 2019, a father and son in Arizona made off with more than $7 million from ghost student scams, and both served 12-month prison sentences after pleading guilty. And a Maryland man who used the identities of 60 people to take in more than $6.7 million in fraudulent financial aid was sentenced in 2023 to four years in prison.
California has been particularly vulnerable.
California does not require ID.
Pierce College's student body shrank 36% when ghost students were purged.
***
By as late as 1940, the federal and state governments’ investment in research amounted to only 23 percent of U.S. R&D and 10 percent of U.S. basic science, and the nature of that investment could have had little or no impact on rates of American economic or health growth: Defense R&D has almost no economic benefit, while the agricultural R&D was surplus to requirement.--Kealey
***
When people say Bitcoin has no intrinsic value, they are not making a metaphysical claim. They are pointing out that there is no external source from which its value is derived. Gold retains value because it has physical and industrial uses regardless of price. Equities derive value from businesses. Debt derives value from repayment. Fiat currency derives durability from taxation, legal-tender laws, and institutional enforcement. Bitcoin derives value only from the expectation that someone else will want it later. That expectation can sustain a price for long periods, but it is not a reference. There is nothing for valuation to converge toward.--Lincoln Square
And...Research cited by CryptoNews found that more than 60 percent of Trump-themed meme coins have effectively failed, losing most of their value and trading activity. CoinDesk has reported that at least one high-profile Trump coin is down more than 80 percent from its launch price.
***
By as late as 1940, the federal and state governments’ investment in research amounted to only 23 percent of U.S. R&D and 10 percent of U.S. basic science, and the nature of that investment could have had little or no impact on rates of American economic or health growth: Defense R&D has almost no economic benefit, while the agricultural R&D was surplus to requirement.--Kealey
***
When people say Bitcoin has no intrinsic value, they are not making a metaphysical claim. They are pointing out that there is no external source from which its value is derived. Gold retains value because it has physical and industrial uses regardless of price. Equities derive value from businesses. Debt derives value from repayment. Fiat currency derives durability from taxation, legal-tender laws, and institutional enforcement. Bitcoin derives value only from the expectation that someone else will want it later. That expectation can sustain a price for long periods, but it is not a reference. There is nothing for valuation to converge toward.--Lincoln Square
And...Research cited by CryptoNews found that more than 60 percent of Trump-themed meme coins have effectively failed, losing most of their value and trading activity. CoinDesk has reported that at least one high-profile Trump coin is down more than 80 percent from its launch price.
***
Ghost students.
Community colleges cannot decline high school graduates under most circumstances. Imagine what can happen.
Over the past five years, the federal government has investigated more than $350 million in fraud perpetrated by "ghost student" schemes
The scammers will use stolen or fake identities to enroll in classes online and sign up for Pell grants and loans, then disappear once they get the money -- robbing the federal government of hundreds of millions of dollars and leaving an untold number of victims of the stolen identity.
In California alone, nearly a third of all community college applicants in 2024 were identified as fraudulent, according to the California Community Colleges, the state's administrative body for the community college system.
Dr. Beatriz Chaidez, the chancellor of the San Jose Evergreen Community College District, told KGO-TV in San Francisco that at one point, a 50-person online class was booked in minutes and had 100 individuals on its waitlist. The school later learned that just six of those "students" were real people trying to get an education.
More than 200 investigations have opened nationwide, with some schemes suspected of racking up more than a billion dollars.
3 women, using prison inmates' IDs, made $1 million in one year.
Before their arrests in 2018 and 2019, a father and son in Arizona made off with more than $7 million from ghost student scams, and both served 12-month prison sentences after pleading guilty. And a Maryland man who used the identities of 60 people to take in more than $6.7 million in fraudulent financial aid was sentenced in 2023 to four years in prison.
California has been particularly vulnerable.
California does not require ID.
Pierce College's student body shrank 36% when ghost students were purged.
$9 billion stolen from day care centers by people who don't speak English.
Does anybody have a job anymore?
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