746 Comments

More good news as Biden and Dems work to protect our freedoms—foremost of which is the freedom to earn a fair return on our work and not be forced to chose between affording to pay for rent, food, medicine or debts, because a handful of giant corporations price gouge us at the pump, grocery store and bank.

Curious though—we don’t describe mortgages as “homeowner debt” nor do we call car loans “driver debt”—so, why do we use the term “student debt” for a loan that pays for an education?

Doing so falsely stigmatizes the learner and emphasizes the student's obligation to repay, rather than the debt’s function or its outsized cost...food for thought.

Expand full comment

Glad I didn’t go got bed early as usual, so nice actually seeing it drop in my inbox! What good news, on so many fronts. hanks for the history on student loans and mismanagement, as well as reigning in banks and overdraft fees...the billions, it’s beyond appalling.

Expand full comment

Before too many show up here, I would suggest you all read Joyce Vance's post of a couple of hours ago. A very interesting situation is developing in regard to both houses of Congress passing a bill to authorize live TV and audio coverage of a trial in Federal court of the Pan Am flight that was bombed over Lockerbie Scotland. She thinks we should contact our Congress Critters and demand a similar bill to allow the American people the same and necessary opportunity to view all the Federal trials of Trump live also. Legaly, it is up to Congress to have or not have live coverage in a Federal trial.

Expand full comment

I always enjoy your letters, but tonight's takes the cake. Superb writing AND thinking. Saying that DEI and safety plus engineering are somehow related is just plain ludicrous. This quote says it all: "The real culprit at Boeing, Zekeria suggests, was the weakened regulations on Boeing and Spirit thanks to more than $65 million in lobbying efforts." Thank you for casting light on these people.

Expand full comment

We've got them running scared, I hope...

"That the Supreme Court felt able to take away a constitutional right has worried many Americans about what they might do next, and people all over the country have been coming together in opposition to the small minority that appears to have taken over the levers of our democracy.

Driving the wedge of racism into that majority coalition seems to be a desperate attempt to stop ordinary Americans from taking back control of the country."

Expand full comment

My sister just found out that her student loans were forgiven. 35 years ago she borrowed $12,000. After 35 years of paying her loans every month, she still owed $25,000 because of interest. She’d paid off the original amount twice over. Her life was changed, she no longer has this burden. So grateful for her.

Expand full comment

Thanks for finding some positives. Is it ok to enter an observation, or hope? I am hoping the Supreme Court is egotistic enough that they will resent that Trump threatening them with chaos if they don’t decide in his favor about being allowed to be on the ballot. Isn’t that a prosecutable offense on it’s own?

Expand full comment

Say it loud, say it proud. Go Joe, go Kamala. Go blue, go the common American for liberty and truth. Go Professor. Thank you.

Expand full comment
Jan 20·edited Jan 20

Maybe billionaire banker Jamie Dimon should read Heather after he praised Trump’s economy and other failures at Davos. But of course Dimon knows the truth. He’s just another CEO hedging his bets rather than taking a principled stand for democracy.

Robert Reich rightly skewers Dimon. https://open.substack.com/pub/robertreich/p/why-jamie-dimon-loves-trumps-policies?r=57fmo&utm_medium=ios&utm_campaign=post

Expand full comment

So glad to hear this good economic news. Of course the right will spin it with some mumbo jumbo. I've heard Trump say out of his mouth that he hopes the U.S. economy crashes before he gets back in office so that he won't get the blame. By the way, after 8 years , Obama had brought the U.S. economy back from the brink of disaster. Trump took credit for the economy after being in office for only six months. Let's give Bidenomics credit now !

Blaming the Boeing hatch blowout on diversity equity and inclusion ?

Expand full comment

All the stories of WWII are so damn real now. Instead of being in the past, I fear it’s our future, but I’m hoping we continue to thrive with Biden at the helm.

Expand full comment

Isn't it amazing how women and minorities are responsible for every fault in society, including depressions, recessions, and wars, while the poor innocent white male oligarchs are both blameless and harmless.

Expand full comment

Tucker Carlson calling Vice President Kamala Harris “a member of the new master race” just seems like paranoid crazy talk to me. I wonder if he believes what he says here?

Expand full comment

I wish everyone would read this; especially those who think the economy was better under Trump

Expand full comment

"The real culprit at Boeing, Zekeria suggests, was the weakened regulations on Boeing and Spirit thanks to more than $65 million in lobbying efforts."

I don't know if Zekeria means by "weakened regulations" that the FAA essentially let Boeing run the show in terms of the procedures and testing required for certification and it ended up that Boeing was actually dictating what would be in aircraft manuals and how design features were implemented, as well as what safety measures and systems would be required. This is what led to the catastrophic crashes of the Boeing MAX aircraft when the MCAS system that was not properly vetted by the FAA failed. The FAA is promising to change this.

The idea of blaming the Boeing door plug failure on DEI is cynical and a continuation of Trump's playing on xenophobia and racism ever since he came down the escalator in 2015.

The Evangenitals are stoking fear and raising the specter of the Brown and Black people taking over this country.

Today, I read most of the amicus curiae briefs filed by a large cohort of Republican Senators and Congressional Representatives and by Vivek Ramaswamy in the appeal to the Supreme Court of the Colorado Supreme Court's ruling disqualifying Trump from appearing on the primary ballot in that state by virtue of the 14th Amendment. It is astonishing that our so-called leaders are actively supporting a liar, sexual predator, a man whose actions have been equated with rape by a federal judge, and a seditionist. Across that spectrum, adding racism is unlikely to deter them. Shame!

Expand full comment

Living as I do in a bubble of mostly like-minded people, I have no sense of the extent to which the messages that were clear in tonight's Letter are communicated to people who are not on the same page, quite literally. Where on the line between the optimism that understanding the good things that the Biden administration has accomplished and the pessimism that this understanding is not widely held or effectively transmitted does a reasonable view of the situation in our country lie?

Expand full comment