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Monthly Archives: August 2021
Glorious day(s) of the happy and the free – Trinidad & Tobago Express Newspapers
Posted: August 2, 2021 at 1:36 am
Part I
The masters were dam tief, the Governor an old rogue, and the King not such a fool as to buy them half free when he was rich enough to pay for them altogether.
Port of Spain Gazette, August 5, 1834
Today is Emancipation Day. Ashton Ford, one of our respected elders, remembers the impetus that led former prime minister George Chambers to change the Discovery Day holiday (a day that recognised the misdeeds of our oppressors) to Emancipation Day that honours the achievements of our ancestors.
Chambers believed if you named your streets and monuments after local patriots, you encouraged a sense of nationhood and strengthened national identity among the population.
There is another aspect of this name change that is worthy of consideration. In his biography, Dostoevsky in Love, Alex Christofi outlines the themes that undergird Dostoevskys writing: The importance of understanding that autonomy and dignity are more precious to us than the rational self-interest of economics; that more people are killed by bad ideas than by honest feelings; that a society with no grand narrative is vulnerable to political extremism.
In 1848, at a meeting with his literary circle, Dostoevsky read V Belinskys famous open letter to NV Gogol. It said: The most urgent questions of national importance in Russia at present are the abolition of serfdom; the abolition of physical punishment; and the enforcement of laws that already exist. Belinsky described the Russian serfs as white Negroes. Dostoevsky devoted much of his early life to the liberation of the Russian serfs, which took place on March 5, 1861, Russias Emancipation Day.
One should keep these two considerations (Chambers rationale for creating Emancipation Day and Dostoevskys hatred of serfdom) in mind as one reads todays and next weeks columns.
On August 1, 1834, the glorious day arrived which the Trinidad planters had so opposed. On August 5, the Port of Spain Gazette apologised for not publishing its regular issue on Emancipation Day, the day on which for the first time for centuries the sun shone forth on the British West Indies without lighting a (single??) slave to labour; upon which 850,000 human beings who had gone to rest the previous night suffering under the weight of slavery and [sad]ness insupportable, arose free and happy, and rejoicing at their deliverance from [slavery] which had from birth kept them down to the level of beasts.
Prior to that glorious day, the enslaved made it clear that after Emancipation Day they did not have the slightest intention to work in the fields again. The Port of Spain Gazette reported that the orders of council, the ordinances and the proclamations relating to emancipation had been fully published and explained to the enslaved who had generally laughed at and rejected the interpretation of that august document that the governor had offered. They believed the King had freed them right out, and that the apprenticeship was a job got up between their masters and the Governor. Their masters were damn tief, the Governor an old rogue, and the King not such a fool as to buy them half free when he was rich enough to pay for them altogether.
These were the feelings expressed by the slaves whenever the topic of Apprenticeship was ventured upon, either by their masters or the Government, and it was consequently thought wise to provide some mode of convincing them of their errors more forcibly, than mere explanation and reasoning, and four companies of the local Militias were ordered to hold themselves in readiness to commence permanent duty.
This show of force did not intimidate the newly freed population. On the morning of that glorious day, the newspaper reported that the apprentices moved into town in numerous groups and gangs, and wended their way to Government House. Long before His Excellency the Governor arrived in town, the Court Yard and surrounding neighbourhood were peopled by the happy and free, to the number of about 400, who had come to inform His Excellency that they had resolved to strike work.
These men and women were determined to demonstrate their free condition. They would listen to nothing that the governor had to say about any restrictions on their freedom. They were not only utterly disregarded but grossly insulted, and openly set at defiance. Explanation was drowned by vociferation; persuasion was attributed to fear and treated with disdain, whilst threats [were] met with contempt. The mob [the newspapers description] would listen to none, and became more turbulent and insolent each moment. After being treated as beasts of burden for many years, they displayed a new understanding of their place in the world.
Even at this moment, the dominant class could not but show its adeptness and coercion. The militia were requested to appear and in a space of time scarcely creditable, the whole of the town corps were under arms, and in a force and state of appointment gratifying to every man [presumably, the whites] who beheld them. Mercifully, all of the armed forces did not behave the same way.
In spite of the military presence, the newly freed continued to swarm Government House until the evening without exhibiting the least inclination to return to the estates to which they were attached, and the Governor upon taking his departure for his residence was assailed with every kind of abuse that apparently impunity could suggest.
In spite of their jubilation, the newly freed remained remarkably peaceful.
The estate workers around Port of Spain ceased work almost without exception, but not a single instance of violence was heard of. After dark, the newly freed Negroes (their term) dispersed and went back to their estates.
Prof Cudjoes e-mail address is scudjoe@wellesley.edu.
He can be reached
@ProfessorCudjoe
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Glorious day(s) of the happy and the free - Trinidad & Tobago Express Newspapers
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Writing in the margins: The story behind Kingstons Prison for Women magazine – TVO
Posted: at 1:36 am
When inmates at Kingston Penitentiary decided in 1950 to start theKP Telescope, their very own newspaper, they already had a printing press and resources to start producing it. But when inmates across the street at the Prison for Women created their own publication, calledTightwire, in 1970, it was a different story.
We had to do everything from scratch, says Heather Evans, who contributed poems and artwork toTightwirewhile in the Prison for Women between 1984 and 1990.
The women, Evans explains, typed each issues articles on a typewriter, then photocopied and stapled the pages together themselves.Tightwirecontained original art, poetry, essays, reports, op-eds, and news from other institutions and the outside, along with health and programming PSAs for prisoners.
North American prisoners began producing their own publications in the 1950s and distributed them in prisons and to the general public. Contributors sold subscriptions and ads to support production. Asprison populations skyrocketedduring the last half of the 20th centuryandinstitutional control tightened, though, the tradition of the prison pressshifted toward obsolescence.
You can count on TVO to cover the stories others dontto fill the gaps in the ever-changing media landscape. But we cant do this without you.
But archived copies ofTightwireand other publications, maintained by former prisoners and their allies, remain important resources for learning about the experience ofincarceration and the movement for prison abolition.
It was very personal and extremely subjective, says Evans. It was our own experiences that went down on those pages, that we allowed other people to see. Thishelped cultivate mutual respect among the prisoners inside the Prison for Women, she says: You got to see what another person experienced on some level, as a child growing up in the foster system, as a child growing up in the residential-school system. They shared, and that brought us closer together.
According to Evans, the Prison for Womens management censoredTightwiresignificantly. Whenseven prisoners died by suicidein the late 1980s, Evans says, they had to sneak notes out to the public to draw attention to the crisis.They wouldnt want the whole truth getting out there, she says.
For the past 10 years, Melissa Munn, a professor at Okanagan College, in British Columbia, has been building a digital collection of penal-press issues atPenal Press A History of Prison Within. It now features more than 1,500 PDF copies of issues from institutions across North America, including 31 issues ofTightwire.
The women who wrote forTightwirewere politically conscious, what people would now call woke, says Munn. They were proposing interventions and alternatives like harm reduction and safe supply for drug usersthat were largely being ignored by both the correctional apparatus and the public at large.
Munn says that prisoners have always been the most accurate and effective writers and thinkers on prison systems, even if they havent received credit in the mainstreamPrisoners are not just passive recipients of penal policy and action but have always been active in their resistance to it and active in suggesting change, says Munn. The women who were involved in the publication ofTightwirewere activists and resisters and people who deeply contemplated incarceration and penal justice overall.
Inmates at such mens prisons as Collins Bay Institution and Kingston Penitentiary had a significant audience for their publishing work: the formersC.B. Diamond, Munn says, had 700 subscribers in March 1953; the lattersTelescopehad1,500 paid subscribers by June 1958.
By contrast, Munn says,Tightwires writers were incarcerated women who had largely been erased from the public eye: It gave women a forum to be heard and to demand attention to their issues.Tightwiregave them a voice to agitate for change that they would not have had otherwise.
Ann Hansen was incarcerated at the Prison for Women from 1984 until 1992; while she didnt contribute toTightwire, she holds a deep respect for the former zine and the friends who produced it. It gives you a bit of an eye into the soul of a lot of prisoners, says Hansen, who is a founding member of thePrison for Women Memorial Collective,a group of former prisonersadvocating for a memorial gardenand community space on the grounds of the institution, which closed in 2000. You dont get that perspective from people who havent been to prison, to really understand why a person is maybe dysfunctional in the average working or educational stream of society.
Hansen, whos been a prison-abolition activist for 47 years, says that, in the past few years, shes noticed increased awareness around the struggles that prisoners face. But, she adds, prisoners are still looked down upon even by potential allies.
People still assume that prisoners are weak and impulsive and need to be helped, says Hansen. When youre in prison, you realize just how strong and resilient the women in prison are. Theyre used to dealing with hardship. Theyre not easily frightened and are not stupid, regardless of their education.
Tightwireceased printing in 1995, one of a crop of penal presses that disappeared over the back half of the 20th century. Today, only a handful such asOut of Bounds, from British Columbias William Head Institution, andThe Mallard, from B.C.s Mission Medium Security Institution operate across Canada. According to Munn, most were diminished by censorship, a lack of resources, and outdated tech. With larger prison populations and strained inmate-committee funds, the production of penal presses has dropped off.
Evans and Hansen are glad that people can look at issues ofTightwireand learn directly from their friends and fellow survivors of Prison for Women, in their own words. Evans remains proud of the work she and the otherTightwirecontributors were able to accomplish, summarizing its ultimate value simply: It was just It was ours.
Ontario Hubs are made possible by the Barry and Laurie Green Family Charitable Trust & Goldie Feldman.
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Writing in the margins: The story behind Kingstons Prison for Women magazine - TVO
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Weve been here before: Wyoming nuclear project echoes of past – Oil City News
Posted: at 1:36 am
A rendering of the Clinch River Breeder Reactor Project, the largest public works project in the early 1980s, which failed and was halted in 1983. (Wikimedia Commons)
This article was originally published byWyoFileand is republished here with permission.WyoFileis an independent nonprofit news organization focused on Wyoming people, places and policy.
July 30, 2021byJoel Funk, WyoFile
When state officialsunveiledin June that a nuclear demonstration project is slated for Wyoming, they touted it as an advanced technology. But critics of the Natrium project say weve been here before with the same technology and the same assurances made only to see hopes dashed and massive public investments go to waste.
Article continues below...
The multi-billion dollarNatriumproject is a joint effort of PacifiCorp, TerraPower and the U.S. Department of Energy that is expected to place a 345-megawatt power plant in Wyoming. Behind TerraPower is none other than Bill Gates, co-founder of Microsoft and co-chair of the Bill and Melinda Gates Foundation.
Gates has injected vast sums from his enormous wealth into finding a solution to the worlds climate crisis that can be implemented in the near future. The investment in Natrium, Gates said during a recorded statement in June, would allow Wyoming to continue being a leader in U.S. energy.
Based on stipulations of the federal grant that makes the project possible, the plant is to be completed within seven years.
The unexpected announcementin early June brought rosy projections and big grins from Gov. Mark Gordon and U.S. Sen. John Barrasso (R-Wyo.), along with representatives from TerraPower and Rocky Mountain Power. (Rocky Mountain Power is a unit of PacifiCorp.)
Gordon declared it game-changing and monumental for Wyoming, a state suffering massive budget shortfalls and economic ennui from a long-term downturn in fossil-fuel markets.
The advanced nuclear energy demonstration plant is slated to replace one of four coal-fired plant units in PacifiCorps Wyoming power system: either at Jim Bridger near Rock Springs, Naughton in Kemmerer, Dave Johnston near Glenrock or WyoDak near Gillette. Leaders in those communities have expressed hope tothe Casper Star Tribunethat they will land the jobs and tax revenues expected of the massive project.
Critics familiar with the technology and its history, however, doubt whether a commercially operating nuclear power plant will manifest in the next seven years or ever in Wyoming.
It would be quite a feat to pull off, Allison Macfarlane, Nuclear Regulatory Commission chair from 2012-2014, told WyoFile.
The history and current state of nuclear energy in the U.S. is long and complicated, but Edwin Lyman, Union of Concerned Scientists nuclear power safety director, said one thing is abundantly clear:No U.S. nuclear power project has been successfully completed on time and on budget in recent decades.
To attempt to build and operate a commercial unit without first taking the time to do all the necessary safety testing is a recipe for disaster, Lyman said of the Natrium project.
TerraPower declined a request for an interview.
The nuclear reactors that supply roughly 20% of American electricity are known as light-water reactors. These thermal neutron reactors use water as both coolant and neutron moderator. Heat generated by controlled nuclear fission turns the water into steam, which drives the power-generating turbines.
The proposed Natrium reactor, by contrast, belongs to a broad class of non-light-water reactors. Sometimes called advanced reactors, they are cooled not by water but by other substances, such as liquid sodium, helium gas or even molten salts.
Natriums specific design is known as a fast reactor. This type of nuclear reactor does not require a moderator material to slow down fission neutrons. Natrium uses liquid sodium as its coolant. (The name Natrium comes from the Latin word for sodium.) The solid sodium melts into a liquid form when it gets hot enough. That molten metal is whats inside the core cooling the reactor vessel and via a molten salt loop ultimately allowing a steam turbine to generate electricity.
Its significantly different from light-water reactors, Jeff Navin, TerraPowers director of external affairs, told Wyoming lawmakers June 25 in Casper. The design makes the system safer, he said, and inherently prevents meltdowns.
That liquid metal has a very high boiling point, and what that means is the reactor cant get hot enough to boil the coolant off, Navin said. So in the event of an accident happening, or loss of power, we dont have to touch anything to keep the reactor from melting down.
Though significantly different from the more-established light-water reactors, Natriums sodium-cooled approach isnt new.
Its new technological development is the molten salt storage component, which has the potential to boost the systems power up to a maximum of 500 megawatts, Navin said. A megawatt of capacity produces electricity thats equivalent to powering between 400 and 900 homes for a year,according to the Nuclear Regulatory Commission.
That energy storage component is four times larger than the biggest lithium ion battery plant that is currently deployed around the world, Navin said. This is a real massive and a real big gamechanger on that front. So what makes it valuable, what makes us valuable, is the ability to respond to that supply and demand on the energy system.
The Natrium reactor would be roughly one-third of the size of a traditional light-water-reactor design, resulting in cost savings and reducing the scale in the event of an accident, Navin said. Additionally, proponents assert it would produce two-thirds less spent radioactive waste than a traditional light water reactor. Radioactive waste from the Natrium reactor would be stored on-site as the federal government continues to develop plans for permanent nuclear waste storage an endeavor that has eluded policymakers since the inception of U.S. nuclear power generation.
Fast breeder reactor designs such as Natrium date back to 1944 with the Manhattan Project. The worlds first nuclear reactor to generate electricity was the Experimental Breeder Reactor-I, built in Idaho, which powered four lightbulbs in 1951.
According to the Union of Concerned Scientists, five sodium-cooled fast reactors are operating today in India, Russia and China. Four are experimental, testing features of the power systems. One commercial demonstration reactor is in Russia, where operators are assessing its ability to generate enough power consistently to serve electrical customers. A demonstration sodium-cooled fast reactor in India is slated to go online in 2021, but Lyman of the Union of Concerned Scientists said theres some doubt as to whether that timeline will pan out. The only fast breeder reactors ever connected to electrical grids were the French Superphnix and the Russian BN-600 and BN-800.
None of these fast reactors are currently operating as commercial reactors serving power customers.
The U.S. Department of Energy in 2017 identified sodium-cooled fast reactors as one of two non-light-water reactor technologies it would focus on for demonstration. Two sodium-cooled fast reactor concepts were submitted to the federal agency for evaluation. One of those was the General Electric-Hitachi PRISM (Power Reactor Innovative Small Module) fast reactor, based on the Experimental Breeder Reactor-II.
Three companies, according to the Union of Concerned Scientists, are developing reactors that are based, to varying extents, on the PRISM reactor design. One of those is TerraPowers Natrium reactor.
There have been high degrees of enthusiasm at various times in U.S. history for investing in nuclear power. Such endeavors have always come with baggage. Its expensive, technically complex and dogged by safety concerns. Public concerns about the prospects of a core meltdown, proliferation or security breach require constant management.
Nuclear proliferation and nuclear terrorism risk is the danger that nations or terrorist groups could illicitly obtain nuclear-weapon-usable materials from reactors or fuel cycle facilities, according to the Union of Concerned Scientists.
Persistent problems continue to plague ambitions to incorporate more light-water reactors into the power grid. TheVogtle plant in Georgia, for example, is years behind schedule with projected costs standing at more than twice the initial estimate of $14 billion. Another example, theLevy County nuclear plant in Florida, scheduled to go online in 2016, was abandoned after costs ballooned from $5 billion to $22 billion and it was clear it would be roughly a decade behind schedule.
Proponents of nuclear energy understand there are public perception problems with continued government subsidization of light-water reactor projects, Lyman said. The interest in non-light-water reactors is, in part, a reaction to these perception problems, with supporters seeing the technology as a potential breakthrough in the nuclear industry.
But the term advanced reactor, when applied to non-light-water reactors, is something of a misnomer, Lyman said. Designs of today, he said, are largely descended from decades-old models.
There may be some variations on them, but you know its not like this hasnt been tried [in] many different countries for many decades, Lyman said.
In the mid-20th century, the U.S. Atomic Energy Commission supported demonstration plants of non-light-water reactors at sites throughout the United States. One of those, a liquid-metal-sodium-cooled fast reactor calledFERMI-1, suffered a partial fuel meltdown in 1966. It went back online years later, but was shut down permanently in 1972. Another example is theFort St. Vrain high temperature gas cooled reactors in Coloradothat experienced operational problems. Established in 1979, thosefailedafter about a decade.
Several critics who spoke to WyoFile were reminded of the nuclear demonstration project that never was at Clinch River, Tennessee. In the early 1980s, it was thelargest public works projectin the United States.
The project a joint effort of the U.S. Atomic Energy Commission and the U.S. electric power industry was intended to demonstrate the sodium-cooled fast reactor technology. It received an injection of government money with the idea it would be commercially viable after that initial boost. The Congressional appropriation came in 1972 after President Richard Nixonestablished it as the nations highest research and development priority. Cost estimates that started in the hundreds of millions grew to billions. There was opposition from the political left and right, and it lost lawmakers confidence. Construction that broke ground in 1981 under Reagan ceased in 1983.
Henry Sokolski, nowexecutive director of the Nonproliferation Policy Education Center, worked in the 1980s for the conservative Washington, D.C., think-tank the Heritage Foundation. When he first came to the foundation, it was in support of the Clinch River fast breeder nuclear project. Under Sokolskis direction, the think-tank would change course, condemning and eventually helping kill the project.
In Sokolskis view, pursuing another fast reactor is akin to swimming upstream against history, with the chances it will be commercially viable vanishingly small. Looking at predictions, and promises of the past, Sokolski said the federal government is again going down a fraught path.
Attempts at implementing fast breeder reactors have failed, Sokolski said, pointing to theSNR-300 in Germany;Dounreay in Scotland;Superphnix in France;JoyoandMonjuin Japan; and more.
The PRISM design that the Natrium is based on has not had real-world experience, Lyman said.
TheVersatile Test Reactor a sodium-cooled fast reactor funded by the Department of Energy originally intended for operation in Idaho in 2026 andalready projected to see cost overruns and Natrium are intended to serve as the first large-scale demonstrations of PRISM technology.
All non-light-water reactor designs, Lyman wrote in a March 2021Union of Concerned Scientists report, will require testing to understand and address new safety issues that come with the technology. To determine whether non-light-water reactors are, in fact, safer than light-water reactors,the reactor must achieve an advanced stage of technical maturity, undergo complete comprehensive safety testing and analysis, and acquire significant operating experience under realistic conditions.
Because of the questions about safety and reliability, Lyman wrote that proceeding with construction of the VTR and the Natrium without conducting prototype testing could pose unacceptable risks to public health, safety, and security, as well as to the success of either project.
Eight countries in the past 60 years have collectively spent more than$100 billionunsuccessfully trying to produce a commercially competitive sodium-cooled fast reactor, Macfarlane wrote in aJuly column in Foreign Affairs. Theeconomic, technical and logistical hurdles that stand in the way of building safer, more efficient and cost-competitive reactors are too great to succeed in the required timeline for reducing fossil fuel emissions in the fight against the global climate crisis, she told WyoFile.
Im a realist and a pragmatist, Im a scientist, Im a geologist by training, and its just not possible for nuclear to have any kind of significant impact on reducing climate change in the next 20 years, she said.
TerraPower is hoping its Natrium reactor project in Wyoming will be the first of 100 advanced nuclear reactor power plants operating commercially in the U.S., Navin told lawmakers in June. Wyoming, as a global leader in energy for more than a century, was a natural choice with several advantages, he said.
But critics are uncertain whether Natriums timeline, Wyomings workforce, and natural resource utilization projections are realistic.
Sen. Barrasso introduced and was the lead Senate author of theNuclear Energy Innovation and Modernization Act, which has facilitated greater investment in research and development of advanced reactor technology and reaffirms congressional support for nuclear energy. The legislation directs the NRC to be much more aggressive in bringing resources to the table to help get these advanced reactors licensed.
The licensing phase would likely take two to three years, TerraPower president and CEO Chris Levesque said during the June announcement.
TerraPower estimates that once construction is allowed to begin, there could be 2,000-3,000 workers needed, with another 300-400 permanent jobs projected through the 60-year life of the plant, Navin told lawmakers June 25.
There is a conflict, however, between economic viability and maximized on-site employment, Lyman said. On one hand, he said companies are telling audiences at conventions they are finding ways to cut capital costs, including labor, to make sure new nuclear power is competitive with other forms of power generation. On the other, Lyman said its advantageous to give politicians in Wyoming the higher end of labor projections.
Many small reactor vendors are banking on the ability to reduce both construction and operating costs radically in order to compete with lower-cost sources of generation, he told WyoFile in an email. TerraPower cant have it both ways.
TerraPower repeatedly told lawmakers June 25 that the company hoped it would take advantage of the existing Wyoming workforce for its labor needs, citing its experience and motivation. Lyman, however, is skeptical local workers would be the most economical choice, he said.
For instance, welders need to have special qualifications to work on nuclear projects, and I believe they are in short supply even in parts of the country where there is a workforce with nuclear experience, Lyman said in an email. And many of the jobs for plant operation would require professional training and skills, as well. Is TerraPower factoring in the time and resources needed for this retraining of the local workforce?
Barrasso, Gordon and the Wyoming Mining Association have all expressed enthusiasm at the prospect of using the states uranium for nuclear reactors in the U.S. Critics contend that prospect is exaggerated.
TerraPower and Rocky Mountain Power reached out to uranium operators in the state prior to the Natrium public announcement, Travis Deti, Wyoming Mining Association director told lawmakers June 25. For an industry in dreadful condition, Deti said it was welcome news.
And when the announcement was made we had representatives from all nine of our uranium companies in Wyoming it was met with applause, Deti said. Our guys are very excited about this.
Currently, theres little demand for uranium beyond that for existing reactors, and demand wont likely increase for decades, if at all, Macfarlane said.
The U.S. gets most of its uranium from imports, withdomestic supplydropping from a peak in 1980. Deti said Wyoming operators mined 27,000 pounds of uranium in 2020, comparing it to about 12 million pounds a year back in the 1970s.
Russia is the only realistic source of the large quantity of high-assay, low enriched uranium that the Natrium will need, Lyman said.
There is virtually no chance that U.S. uranium will be used if this reactor is to start up on schedule, Lyman said in an email.
Finally, Navin said Congress was clear it expected a seven-year timeframe. While he acknowledged that as very aggressive, he believes it could be done, he said.
Again, Lyman doubts this is achievable. Recent history, Lyman said, does not support the notion that new nuclear plants, even those based on proven technologies, can be built on time and on budget let alone on an accelerated schedule.
The Natrium demonstration projects cost will be split 50-50 between the Department of Energy and TerraPower with an overall cap of $4 billion. TerraPowers Navin said the company is assuming the risk of cost overruns, assuring lawmakers thats not going to be something thats going to be put either on the state of Wyoming or on Rocky Mountain Powers ratepayers.
So even with Wyoming not on the hook financially, what do residents of the Equality State stand to lose with the Natrium project?
For a community struggling economically, Lyman said he can see why the Natrium proposal would appear to have merits for Wyoming.
If it employs some people for some period of time, its better than nothing. But there are also the larger considerations, as well, he said. From a national perspective, not every pork barrel project that gives people employment is going to be a worthwhile expenditure of taxpayer money.
Wyoming could be left with a complicated cleanup from a project that doesnt go anywhere, and if the plant is operational for a period of time, there would be radioactive waste.A bottleneck in Congressis holding up a permanent geological solution for permanent spent nuclear waste disposal Theres no clear answer for where the waste is supposed to go.
The plan, Navin said, is to store nuclear waste on the plant site until there is a federal determination as to where it will be permanently stored.
The issue of waste is concerning whether the plant is commercially successful or not, Noah Miterko, Health Environmental Alliance of Utah policy associate, said.
If this plant ends up outside of Kemmerer [for example], then the downside for them is they have thousands of pounds of radioactive waste in their backyard, and if the time comes to move it, they have hundreds of trucks moving through their town with high-level radioactive waste, Miterko said. Theres been no innovation on how to deal with radioactive waste.
Miterko is closely following theNuScale project, apotential 720-megawatt nuclear power plant being developed by the Utah Associated Municipal Power Systems for Idaho Falls, Idaho. The Department of Energy in October approved a $1.3 billion award for the NuScale project.
Miterko, whose organization advocates nuclear abolition, said Wyoming should proceed with caution in approaching the Natrium project.
I have a lot of empathy for these communities in Wyoming that are losing their economic engines in fossil fuels, Miterko said. Communities have been through this before and it doesnt always have a happy ending.
One of the key risks, Macfarlane said, is that humans are running out of time to address climate change in a meaningful way. The resources being funneled to nuclear energy could go elsewhere in the climate crisis fight, she said.
We cant pin our hopes on [nuclear] as the thing thats going to get us out of the next 20 years, and the next 20 years are absolutely crucial, Macfarlane said. And so we absolutely have to just throw what we have behind renewables because we know that technology works.
Despite assurances that TerraPower would assume any potential cost overruns, Lyman said he could picture a scenario where the company is back lobbying Congress to try to raise the $4 billion cap.
Were just speculating here, but unless they make a solemn pledge to the people of the state and the country that theyre not going to accept another dime of public money, anything goes, he said.
This story is supported by a grant through Wyomings Established Program to Stimulate Competitive Research (EPSCoR) and the National Science Foundation.
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Overcoming post-Emancipation stagnation in Erna Brodbers The Rainmakers Mistake – Stabroek News
Posted: at 1:36 am
Today is Emancipation Day, and millions of Afro-Caribbean people within the Region and across the diaspora will be celebrating the abolition of slavery across the British Empire. We have come a far way since this first Emancipation Day, but there are still many ingrained colonialist systems and thought processes that we are battling to overcome today.
While there are many books, both fiction and non-fiction, that detail the horrors of slavery, I wanted to focus on a post-emancipation narrative from within the Region for this months review. Emancipation was not clean and easy, and many of the newly liberated found themselves facing entirely new struggles, or systems that were just thinly disguised plantation throwbacks.
So, for my August reading, I have chosen The Rainmakers Mistake by Erna Brodber. Although this is a slim volume, Brodbers use of speculative elements makes this story richly dense, and in an abstract way she shows how the emancipated struggle to uncover the truth of their histories, while simultaneously trying to hold onto their individual and communal identities as the world changes rapidly around them.
Founders Day is our day to celebrate [Mr Charlie] lifting us from beneath the earth and placing us on top of the earth to realise our creativity. Look at what I have brought you here to build, he adds. Clearly, this section of the programme is about appreciation and not just of Woodville, but also of us. With our new cloth rolled up like mats, we dig into the animals prepared in appreciation of us. -p.6
The Rainmakers Mistake opens with a story within a story, recounted by a five-year-old girl named Queenie. In the beginning, she says, plantation owner Mr Charlie was granted a patent on a thousand acres of land. He tried and failed to work the land by himself and decided that he needed labour. He makes himself a workforce by ejaculating into holes in the earth. These holes grow yams, which he reaps at various stages to create babies, children, teenagers, and adults, all of whom are assigned various tasks throughout the plantation according to their age set. He also has an overseer, called Woodville, who helps him to manage the plantation.
However, when Queenie and her age mates are just one year shy of entering the pickney gang, one of the adults a woman named I-sis gives birth to a pale-skinned, non-yam baby named Sallywater, which seems to upset Woodville. Soon after, Mr Charlie summons the pre-pickney gang children and declares that it is 1834 and they are free. Confused, they wait under Mr Charlies veranda for further instructions. Later, Mr Charlie returns, summons those who are over six, and makes a similar declaration: its 1838 and everyone on the plantation is now free. Emancipation and the non-yam baby reveal enrage Woodville. While the plantation workers struggle to find out what free means and how it will affect their yearly routine, Woodville starts yelling accusations at Mr Charlie, which no one seems to understand. When he overhears one of the final questions, he starts to laugh so hard, that he makes a tornado that uproots Mr Charlies great house and sends it flying away with him still inside.
In the confusion that follows, the group of plantation workers splits and so does the land. I-sis and her non-yam baby go one way and Woodville goes another. The rest of the population settles between them on a newly formed island they call Cabarita. The Future and The Norm lie in front of Cabarita island, and The Past lays behind it. The adults take land from The Past to extend the island and to make homes and farms to sustain themselves, and to trade with people from The Future. Life is peaceful for them, and they are thriving in their independence, even though they still maintain a plantation like work segregation and organisation, and still long for Mr Charlies return.
Then things start to go wrong. Queenie goes over to I-sis plot of land and discovers a startling truth: an entire century has passed on the island and neither she nor the other islanders have aged, while I-sis is long dead, and Sallywater is now an old woman on deaths door. Things escalate further when a decrepit Woodville washes up on the island, and begins digging into the islanders time, forcing them to age and grow in ways they had never before.
Curious about why this is happening, Queenie sets off to the Future to study and find answers, while her brothers Essex and Little Congo set up farms in The Past and on Woodvilles place to help support the community. Together, these three start to uncover the truth about themselves, Mr Charlie, and the Cabarita islanders, while also navigating resistance from their elders.
Post-Emancipation Stagnation
It is a fact of life that hardworking people become their work.- p. 40
There are so many themes that Brodber explores throughout this novella, but one of the most important is the way the plantation system conditions the older inhabitants of Cabarita island, leading to a century-long stagnation. Mr Charlies plantation system rigidly divided labour according to ones age-set. Since the people on the island dont age, they may have been doing the same task for well over a century by the time they were finally freed. After their emancipation, because of this robotic, infinite repetition of tasks, all they can do is keep on maintaining a plantation-like system of living and thinking, even when confronted with other problems. In doing so, Brodber shows how dehumanising the plantation system really was. She doesnt focus on the brutality of it, but rather on the way continued repetitive tasks with no space for personal creativity helps to stagnate generations of the newly emancipated.
However, the people who break away from this stagnation are the youngest of the Cabarita islanders: Queenie and her agemates. Queenie, Essex, Little Congo, and Jupiter break away from their elders and journey into The Future, The Norm and The Past. Using their childhood curiosity, they begin to learn about the world and to bring back both knowledge and remittances in food and money. Queenie notably gets medical and archaeological degrees so that she could investigate their living bodies, and the bodies and artifacts left behind by their few dead to figure out the truth of their bodies and their history.
Sadly, we see that some of her elders resist her probing, particularly one man named London. London seems upset that Queenie refuses to stop investigating the mystery of their immortality. He is upset with Jupiter as well once he goes off to have his own experiences in the future to solve his own personal problems. According to him, he was satisfied with not thinking and having to make decisions for himself or anyone else, and he thinks that others should be happy with the simplicity of the by-gone systems. It is truly uncomfortable to see London seeming to revel in his own stagnation.
Catching up with the world or foreign interference?
Another fascinating issue in the book is the effect Woodvilles return has on the islanders. Woodville acts as a catalyst for two things. Firstly, he forces the islanders into a future that they are not ready for. Secondly, he starts a wave of migration and remigration among the youth.
Woodvilles presence mysteriously forces the islanders to age, and in turn nudges them into a maturity they are not prepared for and forces them to acknowledge the existence of systems they cannot properly navigate. London is the person responsible for selling the islanders surplus goods in The Future. Once, he came back and reported that children go to school in The Future, and therefore he says that the Cabarita islanders have to go to school, too. But, to enter school, you need a birth certificate. To get a birth certificate, you need Mr Charlies signature, since he is the Father of all the islanders. But Mr Charlie is gone, so the children must sit and stagnate on the island. In summary, they are educationally disadvantaged by a legal and record-keeping system that they do not understand because of their isolation and immortality.
The elders try to navigate these systems on the island themselves, but the youngest islanders feel the need to migrate and go investigate The Past, The Future and The Norm. In doing so, they learn how to navigate these systems better than their elders and can support their fellow islanders with their remittances. Queenie and Essex even collaborate in one of these foreign spaces to piece together the truth of their bodies and their past to solve the mystery of their immortality.
Criticism
While I loved this book and its portrayal of how the legacy of the plantation system led to stagnation in the Caribbean, I have one criticism. I was very confused by the final two chapters of the book and had to do some external research to understand it. On Episode 4 of the SF Crossing the Gulf podcast, hosted by Karen Lord and Karen Burnham, I made a surprising discovery. The Rainmakers Mistake was more than a Caribbean post-emancipation narrative. It was actually science fiction. This book is Brodbers way of mocking the re-write of history that has been floating around by people who deny the brutality of slavery and the plantation system. She shows that even if there were an ideal and kind plantation environment, where slaves are apparently happy and content and cared for by benevolent masters and overseers, they are still a commodity for someone else and their conditioning ultimately denies the part of their humanity steeped in culture and community.
While this revelation helped me understand and love the book more, the ending still felt rushed and jumbled, and I do believe that it could have been a bit smoother. However, if it was Brodbers intention was to force her readers to do several re-reads, then she was very successful indeed.
Conclusion
I enjoyed The Rainmakers Mistake. It made me hungry for more of these post-emancipation narratives that show that the abolition of slavery wasnt an automatic cultural and social reset. While I initially felt some dissonance and felt personally uncomfortable reading the portrayal of the Cabarita islanders and their social and economic stagnation, by the end of the book I understood Brodbers message. The plantation systems conditioning was an insidious way of decimating peoples cultures, personalities and creativity, and those who champion the belief that it could be somehow humane and safe completely overlook how it obliterates peoples dignity and humanity.
Freed Black people still had to struggle hard to break out of the plantation-like system that they were conditioned into, both physically and mentally. Generations later, we are still not completely free of slaverys legacy. But, as Brodber shows, there is hope in young people, particularly those who are both curious enough to find out their personal and communal truths, and who are willing to continuously challenge the systems trying to keep them in that plantation state of mind. This, I think, is an ongoing form of post-emancipation resistance that will follow us into many future Emancipation Days.
My rating:
I want to give special thanks to Karen Lord, who pointed me toward Episode 4 of the SF Crossing the Gulf Podcast. This review would not have been possible without the analyses and explanations presented in her joint analysis with Karen Burnham.
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How this couple retired in their early 30s and still travel the world – CNBC
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Selects editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners.
What if you could retire in your mid-30s and never work a 9-to-5 job ever again? For most people, the prospect of doing so seems like a fantasy there's a mortgage to pay off, student loan debt that's accumulated, childcare expenses and a monthly car insurance payment. If you're a millennial and want to collect your social security benefit, you'd have to wait until you're in your 60s to begin receiving the monthly checks.
All of these factors make early retirement implausible for most people. However, for a small swath of those who follow the 'financial independence, retire early' movement, or FIRE, retiring in their 30s is a goal made possible by cutting expenses and aggressively saving and investing more than half of their annual incomes.
Kristy Shen and Bryce Leung, authors of the Millennial Revolution, are one such couple. In 2015, Shen and Leung retired in their early 30s from their careers as computer engineers. Before the pandemic, they spent their retirement living nomadically around the world in countries like Vietnam, Portugal, Germany, Malaysia and Hungary.
Shen and Leung first discovered FIRE in 2012 through blogs like Mr. Money Mustache, one of the pioneers of the movement who retired at age 30 after working as an engineer.
The couple had been saving up for a down payment on a house in Toronto in 2012. After doing the math, they realized that early retirement was attainable if they ditched the traditional dream of owning a house. They used the $500,000 they had saved up for the house and instead put it towards retirement.
"So for me, discovering financial independence really was a wake up call that the old rules don't apply anymore and this is the new rule of life and I'll find it," Shen said.
Shen emphasizes that the FIRE movement is inclusive to all people, regardless of race and socioeconomic status, though she notes it's easier to partake if you have a high salary. Shen is Chinese immigrant who arrived in Canada when she was eight. She says her experience growing up in poverty influenced her desire to seek financial independence.
"But there is a misconception that FIRE is only full of white privileged males who are in engineering. I actually do not subscribe to that definition," Shen said. "At one point, I was in China living off 44 cents a day and one of the reasons the FIRE movement appealed to me so much was because I never wanted to be poor again."
Three years after discovering the movement, they managed to collectively save up $1 million in cash and investments, including the money they had previously allocated towards buying a house. The year before they retired they were saving around 70% of their post-tax annual income of $150,000 CAD. Before that, their target savings rate was 50% to 60% of their annual income.
In order to build a retirement nest egg worth $1 million, Shen and Leung took steps like cutting certain lifestyle expenses they stopped eating out and skipped purchasing a car, opting for the subway and a car-sharing service instead. They never stopped taking vacations but put a yearly limit on the amount of money they would allocate towards traveling. And with the money they saved, they invested in index funds.
Most FIRE followers choose to invest a portion of their money in a low-fee index fund. An index fund is a portfolio of stocks and/or bonds that are meant to mimic the performance of an index like the Dow Jones Industrial Average or the S&P 500. This means that investors don't have to choose individual stocks.
For Shen and Leung, index investing was easy they could sit back and watch their money grow without having to time the market or rely on the performance of just a few companies. They opted for index funds that had annual returns that mimicked the performance of the world economy.
When investing in index funds, a trading platform is a good option because it won't charge commission fees for executing the trade. Free commission trading platforms may still charge expense ratios and management fees, but there are many index funds with low expense ratios.
In order to avoid market fluctuations or volatility associated with investing in the stock market, another option is putting money in a high-yield savings account, although this will make it harder to grow wealth over the long term.
The general rule of thumb that FIRE adherents follow is the 4% rule. The rule suggests that retirees don't spend more than 4% of their retirement investments each year, adjusted annually for inflation. This means that if your retirement investments are worth $1.25 million, you should try and keep your annual living expenses under $50,000.
Leung and Shen's goal was to have their total living allowance be around $40,000 per year. Doing so required saving and investing a significant portion of their income before they retired.
They also made sure to have a back-up plan to live in lower cost cities in case the market had a downturn and the value of their savings decreased. By splitting their time in countries between countries high costs of living, like Switzerland, and low costs of living, like Thailand, they're able to keep their average cost of living low.
"It [geographic arbitrage] is a concept that you earn the money in a strong currency. For example, money in Canadian dollars or American dollars or Euros, you actually spend the money in a place with a very weak currency so for example, like Thailand... so as a result you end up retiring faster," Shen said.
While travelling internationally is expensive for most people, Shen and Leung keep their total living expenses at around $40,000 even when taking regular trips.
They stay frugal choosing by choosing Airbnbs, apartments and homestays over fancy resorts and hotels. They also cook at home most of the time when travelling rather than eating out.
Using points and miles to keep travel costs low
Using points and miles from travel credit cards can help keep costs low when traveling. Many credit cards offer valuable welcome bonuses that can be worth thousands of dollars in travel.
Using the points from travel credits cards can also be a way to help keep costs low when traveling.
While Shen and Leung have taken a hiatus from travelling due to Covid-19, they're eager to start travelling once Canada eases international travel restrictions. In the meantime, they've been staying in Toronto and taking domestic trips to Vancouver and Nova Scotia, looking forward to their next adventure on a budget.
Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staffs alone, and have not been reviewed, approved or otherwise endorsed by any third party.
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Your Money: Eight steps to walk the financial independence path – The Financial Express
Posted: at 1:36 am
To be sure, list down all your assets like bank accounts, investments, house and property, valuables, and your liabilities. The difference between what you owe from what you own is your net worth.
By Urvashi Varma
Financial independence refers to being in possession of sufficient money to sustain the current lifestyle for an indefinite longevity. The first step towards attaining financial independence starts with assessing ones net worth or current financial position.
To be sure, list down all your assets like bank accounts, investments, house and property, valuables, and your liabilities. The difference between what you owe from what you own is your net worth.
To achieve financial independence the net worth should always grow. A financial plan having lifetime goals or short-term goals will help achieve this. There are two basic principles: spend less and earn more. The greater the gap between earnings and spending the faster the net worth grows.
Financial independence is misrepresented with higher income. The more we save the easier is the path to financial independence.
Takeaways on financial independence:
The journey towards financial independence starts now because the best time to start saving and investing is always right now.
The writer is assistant professor, Finance, Amity Business School, Noida
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I Didn’t Join the FIRE Movement to Escape the Working World – Business Insider
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I entered my 30s several thousand dollars in debt. With a car loan, graduate school loans, credit card debt, and medical bill payments, a good percentage of my monthly income was eaten up with payment to creditors.
It was around that time that I came across Dave Ramsey's book, "Total Money Makeover," and realized that I had dug myself into an unacceptable financial hole. I had done what society expected of me worked hard, finished school, and bought the things I thought I deserved. But I had little to show for it financially. Instead of building a healthy investment portfolio, I had racked up a mountain of debt. It was time for a change.
My debt-free journey is what brought me to the FIRE movement. FIRE stands for "financial independence/retire early" and is a financial movement that thousands of people are following today, often due to a desire to escape toxic corporate work environments or to travel and spend their days pursuing personal interests. I had started researching ways to cut down my budget, and came across FIRE blogger Pete Edney, author of the Mr. Money Mustache blog. His extreme frugality had allowed him to retire at age 30. I was intrigued.
I started researching the FIRE movement, and I learned about the Black female author of A Purple Life blog, who recently retired at 30. I learned about one of my favorite financial bloggers, Paula Pant, whose Afford Anything blog covers the ins and outs of personal finance and freedom. I learned that a reasonable lifestyle combined with index-fund investing could equal long-term financial freedom.
As I paid off my debts, I started putting extra money into an index-fund -based portfolio. Just a couple of years into my journey, I had eliminated thousands of dollars in debt and built up a six-figure investment portfolio. Today I am 100% debt-free and just years shy of achieving financial independence, at which point the earnings from my investments will be enough to cover my living expenses. This means that I will be completely financially free.
I count myself lucky to have found a career that is incredibly meaningful for me, and that I enjoy. Unlike my fellow FIRE community members who are seeking to escape toxic work environments, my motivation is less about escaping the working world and more about enjoying a level of freedom that my ancestors could only dream of.
There is a widely known sentiment in the African American community that we, today, are our ancestors' wildest dreams. I can't help but imagine that my ancestors dreamed of an unimaginable level of freedom for me. Freedom over when and with whom I worked, and freedom to rest whenever needed.
For me, FIRE meant that I could gain control of my money once and for all. Not only would I get out of debt, but I would use all of the money I saved from making debt payments to invest. FIRE taught me how my investments could shelter me from the unpredictable and give me the freedom to make choices based on my personal interests and values rather than taking jobs simply for the money.
When I got laid off in February of 2021, I was already years into my FIRE journey and in a financial position to pause and consider my next steps. While exploring options for the perfect next job, I was able to travel to visit friends I hadn't seen for quite some time given the pandemic. I was also able to write a book about my financial journey so that women like me could enjoy the freedom I found. FIRE isn't just about retiring from work. It's also about having the freedom to choose jobs that bring us joy and fulfillment, and to take breaks from working when needed.
Most importantly, FIRE is about freedom. Freedom from worrying about having money to pay the bills, freedom from anxiety over losing a job, and freedom to enjoy life despite what's happening in the economy. Most of the FIRE bloggers I read actually increased their net worth during the pandemic. It's the ultimate insurance policy against life's inevitable ups and downs. And in my opinion, it's the financial plan that every American could benefit from adopting.
Paris Woods is author of the forthcoming book, "The Black Girl's Guide to Financial Freedom: Build Wealth, Retire Early, and Live the Life of Your Dreams." She is a two-time graduate of Harvard University with a Bachelor's degree in African American studies and a...
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Yes, You Can Align Your Pursuit of Early Retirement With ESG Ideals. Here’s How. – Barron’s
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Interest in ESG investments has exploded over the past few years among individual investors who are concerned about the impact of their investments, helping drive short-term outperformance. But some observers question whether such investments can deliver the longer-term market-beating returns that would likely be required by investors who are pursuing financial independence or looking to retire early.
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Cody Garrett, a certified financial planner at Houston-based Measure Twice Financial, isnt surprised that environmental, social, and governance investments have piqued the curiosity of his clients who are FIRE adherents. The philosophy behind financial independence is aligning financial objectives with personal values, he says. That closely mirrors the mindset of many ESG investors. The FIRE community is waking up to what their investments are supporting and how their money is being used.
But does restricting investment options to socially responsible assets hinder FIRE plans, where the ultimate goal is to maximize returns for the long haul?
Garrett says no, and he has some tips for aligning a FIRE portfolio with ESG tenets:
ESG for the right reasons: ESG funds are often overweighted with growth stocks that tend to be more ESG-compliant, such as big tech. These funds handily outperformed the broader stock market during the pandemic, Garrett says, though he warns that the lead may not be sustainable as value stocks recover.
That said, he believes large market cap-weighted ESG funds will likely remain closely correlated to their non-ESG counterparts. Why? As ESG funds make exclusions, they push more assets into the biggest companies by market cap, including big tech, which can help their performance relative to non-ESG funds, Garrett explains.
I think a lot of people are tempted to move into the ESG space because theyre attracted to the short-term gains made over the last year or so, Garrett says. Yet he cautions investors against the temptation to chase returns. What happens if ESG ends up underperforming, are you, as an investor, going to change your mind? he asks. The decision to use ESG should be a decision to align your money with personal values, not merely a financial choice.
Choosing funds. There is no consensus definition of an ESG asset. A particular company could excel in environmental issues while falling short at corporate governance. Whats more, ESG funds set their own criteria of inclusion or exclusion.
To know for sure whether investments match individuals values, investors have to take a look under the hood. The funds prospectus will explain its methodology, and Garrett recommends looking at Morningstars sustainability rating, which is continually improving, so theres more consistency, he says.
Ditch the one-size-fits-all approach. When considering the individual goals and values that bring people to the FIRE movement, the advice they receive is often strikingly generic: Put your money in a low-cost index fund and wait. The strategy is sometimes known as VTSAX and chill, referring to the Vanguard Total Stock Market Index Fund Admiral Shares commonly used by FIRE investors.
ESG strategies are inherently more varied, and Garrett encourages his FIRE clients to branch out and build a portfolio that better reflects their individual values.
When building out the equity portion of an ESG portfolio, Garrett recommends a core and explore strategy. Practically, that means a core investment representing about 90% of the equity portfolio that includes broad ESG index funds. These funds are typically based on broad-market indexes and exclude stocks that dont meet their ESG criteria, like petroleum companies, for example.
For Garrett, the remaining 10% of the equity portfolio represents a chance for clients to explore specific funds or sectors they are passionate about, such as alternative energy or funds that invest in women-led companies.
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How Tennessee schools are helping aspiring barbers with high debt kickstart their careers – Commercial Appeal
Posted: at 1:36 am
High costs, low wages: Solutions for barbers trying to avoid student loan debt
Laura Faith Kebede| MLK50: Justice Through Journalism
For years, barbers and cosmetologists have not only created a safe place for Black people to gather, but used the profession to forge a path to entrepreneurship and financial independence.
Tennessee regulations require 1,500 hours of training. That, coupled with high tuition at local barber and cosmetology schools along with inadequate public funding and financial aid, has turned that career path into a high-debt obstacle course that too often ends in financial ruin.
The majority of students attending for-profit barber and cosmetology schools often their only choice because of a long waiting list at theonly public program in Memphis end up borrowing from the federal government to pay tuition.
A disproportionate share of those borrowers struggles to pay back their loans. In fact, for-profit barber and cosmetology schools make up eight of the 10 schools nationwide with the highest student loan default rates, according to the U.S. Department of Education.
Even among this troubled group, Memphis stands out. One school, Vibe Barber College, ranks fifth-worst in the nation with 61% of students defaulting within three years of leaving school.
Defaulting on a federal student loandefined as failing to make a payment in nine months is financially ruinous. Borrowers are hounded by collectors, who can worsen the debt load by adding fees. Collectors can garnish wages and withhold tax refunds. Default ruins a borrowers credit score, making it difficult or expensive to get future home or car loans.
Of course, solving the shortage of affordable and effective career training will take a long time and a huge investment. But as the economy emerges from the pandemic shutdown, and President Joe Bidens administration attempts to address the issue of oppressive student debt, there are growing efforts to help Memphians achieve their dream of becoming a barber or cosmetologist without burdening them with unaffordable debts.
Barbers University School in Memphis purposefully offers cheaper training and does not accept federal loans so students can avoid debt traps. One of the instructors, Courtney Triggs, said having about $10,000 in student loan debt when he got his barbers license caused him and his wife to cut back on expenses and has kept him from pursuing a business loan to open up his own shop.
Its all about the loans, he said. The loans are what are holding a lot of barbers back from being able to own their own shops and see the money thats available to us to support our family comfortably.
Soon after Emancipation, hair care became a source of financial independence for Black people.
Self-sufficiency has been a key component of the meanings of Black freedom since slavery, writes Quincy T. Mills, an associate professor of history at the University of Maryland, in his 2013 book Cutting Along the Color Line: Black Barbers and Barber Shops in America. Barbershops have historically been one of the most accessible paths to business ownership and economic independence.
For example, Madam C.J. Walker famously made hair products and became the nations first woman millionaire while employing an army of saleswomen. Alonzo Herndon became Atlantas first Black millionaire through a chain of barbershops.
Today, Black people are overrepresented in the barbering field. Though Black people make up about 12% of the U.S. population, the profession is about 25% Black.
And local demand for trained hair stylists is above the national average. The U.S. Department of Labor expects a 7% increase in barber and cosmetologist jobs in the state by 2028, compared to a 2% decrease nationwide.
The average barber in the U.S. makes just over $38,000 per year, or roughly $18 per hour full time, which is similar to Tennessees average, according to the Bureau of Labor Statistics, but that doesnt include cash tips.
To become a barber in Tennessee, students must complete 1,500 hours of training, which can take anywhere from 14 to 24 months. By comparison, police officers typically receive just under 500 hours of training, which in Tennessee is completed in about three months.
For barbers, a long training period means higher costs. The for-profit schools in Memphis charge up to $18,000 for tuition.
At Memphis only public program, Tennessee College of Applied Technology, or TCAT, the annual price for tuition, fees and books is about $5,400.
But the state only provided enough funding to allow TCAT to serve 40 aspiring barbers per year. There are 80 people on the waiting list, a TCAT counselor said, which means students may have to delay their education for at least two years.
As a result, eager students have little choice but to enroll in expensive for-profit schools, which have plenty of room, explained Bob Obrohta, who leads the Tennessee College Access and Success Network in Nashville.
The student is sitting here saying, I dont want to wait for another year or two years trying to get into this TCAT program, I want to go to work now in this profession that I want to do, Obrohta said.
Most these students have to take out federal loans to pay the bulk of their tuition. These students are more likely to be people of color with low incomes. Three-quarters of for-profit college students take out loans, compared to one-fifth of community college students and just under half of students at four-year public colleges.
Aspiring barbers and cosmetologists are at a high risk of not being able to pay back those loans, which come due six months after leaving school. The U.S. Department of Education estimated the average 2019 graduate from Memphis barber and cosmetology schools that accept federal loans, pay between $80 and $170 per month on a standard repayment plan.
But it typically takes several years for barbers or cosmetologists to build up a profitable business or clientele. In the first two years after graduation, the typical graduate of a Memphis barber or cosmetology program makes about $16,000 a year, according to federal data on five area schools. (This likely doesnt include unreported cash tips.) That translates to about $7.70 per hour working full time or $10.25 an hour working 30 hours per week.
Whatever the actual earnings, its clear that for many students, they simply arent enough to cover the student loan payments.
Its sort of a perverse outcome that federal financial aid, including loans, is supposed to help provide access to education to help increase their economic mobility, said Amy Laitinen, the director of higher education for the liberal think tank New America. And sometimes those loans end up doing the exact opposite.
You combine abysmal earnings with really high debt loads and you have a recipe for disaster, said Laitinen.
To prevent the problem from getting worse, local, state, and national leaders are working on student loan debt forgiveness, lower training costs and income-based loan repayment programs.
All federal student loan borrowers can apply for an income-driven repayment plan that adjusts monthly payments to typically around 10% of a borrowers discretionary income income above a basic living budget. Borrowers who sign up for these plans and make payments on time usually can have the remainder of their debt forgiven after 20 years.
But the program is notoriously difficult to navigate. Borrowers must reapply every year or get dropped. And the federal governments bureaucracy has been slow to approve forgiveness applications.
As a part of its pandemic response, the federal government suspended loan payments for all federal student and parent loans at least through Sept. 30. And Secretary of Education Miguel Cardona has hinted that the pause may be extended further.
Long-term relief may be on the horizon if Biden makes good on his campaign promise to back federal student loan forgiveness of $10,000.
While he has yet to act on that promise, many advocates and elected officials are continuing to push for forgiveness. Sen. Elizabeth Warren, a Democrat, recently stalled confirmation of Bidens nominees for the U.S. Department of Education until his administration implements some student loan reform.
Judith Scott-Clayton, a Columbia University associate professor, says forgiving a little would go a long way because the majority of people who fall behind on their loan payments owe less than $10,000.
Its not necessarily about the amount thats being borrowed, said Scott-Clayton. Its about whether you have the capacity to repay even a small amount of debt.
Another popular option to reduce student debt has been the free community college program, Tennessee Promise.
In 2015, Tennessee became the first state in the nation to pay tuition costs for thousands of students headed to community college and public technical schools. After students exhausted other forms of scholarships and grants, the state kicks in the rest, or about $2,000 for the average student. Recent research shows the program has dramatically reduced student debt.
Since the state launched Tennessee Promise, the number of students taking out loans at community colleges decreased by about 40%. The average students debt load also decreased by about 32%, according to a study the Journal of Higher Education published in April.
But the rising affordability of public schools has attracted more applicants, leading to capacity issues and waitlists for job certification programs at the states technical schools, said Emily House, the executive director of the Tennessee Higher Education Commission.
The capacity constraints are real in TCAT, House explained. A lot of that has to do with equipment. You cant learn how to do automotive technology if you dont have a car to work on.
So, Tennessee plans to spend $80 million on equipment and building renovations for technical schools across the state to accommodate more students. The effect wont be immediate as projects start in phases, but the hope is to significantly increase the number of students attending publicly funded trade schools.
Entrepreneurs are also trying to fill the vacuum. Jwan Buck Buckhalter founded Barbers University School in Memphis in 2017 so he could continue the tradition and train future business leaders.
I wanted people to understand it could be done. You can run a business. You can earn a living, he said. Lets keep the barbering industry as strong as we possibly can.
Buckhalter has the cheapest regular tuition for barber training in Memphis, at $4,800, payable in monthly installments. (Bluff City Barber College recently halved their tuition to $3,000 to attract more students during the pandemic but will eventually raise the price again.) Students typically attend morning or evening classes as they work other jobs.
Buckhalter, who has been a barber for 20 years, purposefully decided not to participate in federal student aid programs because he didnt want to encourage students to borrow. He saw the toll debt took on his colleagues. Buckhalter attended a school that offered low-cost tuition in New Orleans and wanted to offer the same opportunity in Memphis.
One student, Jerry Johnson, enrolled last year to fulfill the dream hes had since he was 15 years old when he picked up his first set of clippers in high school cosmetology class. He says he lives for the moment his clients smile as they turn to the mirror and see their finished haircut. He even started a TikTok account to promote his work.
Johnson, 22, was previously a certified nurse assistant at an urgent care clinic but craved a career change as the pandemic began to take its toll on medical workers. If national salary averages hold true for him, hell make more money as a barber. He researched and called several area barber schools and started applying for scholarships. Taking out a loan was a possibility, but he hoped to avoid it. The decision was easy after he called Buckhalter during his work break and heard the cost.
Compared to other area barber schools he researched, were learning the same material at a lower cost, Johnson said. And for him, that leaves more money for helping take care of his girlfriend and her child as well as investing in his own career.
I expect to make a good living once I receive my license. Thats the whole purpose of school: to better your future, he said.
Part of what has made the school affordable is its small size, Buckhalter said. The school currently has three instructors and 12 students. Another 12 have graduated and most of them passed their license exam.
Buckhalter hopes to expand, but he worries that he wont be able to without participating in federal student aid programs. He loses dozens of potential students every year who call and ask if the school accepts federal loans. But with federal loans come federal rules, including one that prohibits operation of a barbershop and a barber school in the same building, as Buckhalter does now. Getting a separate building would force him to raise tuition.
So now you ask yourself: Do I go for the money? he said. Or do I go for the cause and what Im trying to accomplish?
The cost of attending Memphis barber schools. Price includes tuition, supplies and books.
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LCG’s ‘Ticket to Work’ program is available to assist those living on social security – KATC Lafayette News
Posted: at 1:36 am
Lafayette Consolidated Government has announced that their Social Securitys "Ticket to Work" Program will allow people with disabilities to return to work.
The goal of their program, they say, is to help individuals with disabilities progress toward financial independence.
Lafayette Consolidated Government is a Ticket to Work services provider known as an Employment Network and they are authorized to help people who receive Social Security disability benefits prepare for, find, and maintain employment.
Their services include: career counseling, resume assistance, job referrals, mock interviews, disability disclosure discussions, and job accommodation requests.
To decide if LCGs Employment Network is right and to discuss individualized services, the public can email TicketToWork@lafayettela.gov or call (337) 291-8421.
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