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Daily Archives: November 9, 2011

It sits in the mailbox and taunts us: The thin sliver of an envelope, recognizable by the logo in the top-left corner, arrives every month. And my wife and I instantly react with a deep sigh.

It’s the latest statement from the company servicing her nearly six-figure student loan debt, which hangs over our heads like a grand piano on a rope. The sheer size of the number is so daunting that we fear that we’ll never be able to pay it off in full. And the psychological burden is so heavy that it haunts our relationship and our future.

We know that we’re responsible for landing in this mess, and that knowledge consumes us with guilt — for taking on the loans in the first place, for not making timely payments and for negligently consolidating them at an 8.5 percent interest rate.

But we wouldn’t be crushed by the loan debt if tuition had been affordable, if financial counseling had been available, and if the interest rate was not so punitive. This is how tuition fees function in most parts of the western world — except in America. Read More

Coal contributes nearly $2 billion annually to Indiana‘s economy, supporting thousands of Hoosier jobs and keeping energy costs modest.

It provides low-cost power to keep our state’s electric bills affordable and our industries competitive. In this time of economic uncertainty and strained middle-class family budgets, it would be unwise to institute regulations that cost jobs and raise household expenses. Unfortunately, some have not thoroughly examined the broader impact on our economy new federal regulations could have.

The Environmental Protection Agency’s proposed Utility Maximum Achievable Control Technology Rule will put tens of thousands of jobs in our state directly at risk by affecting Hoosiers‘ utilities that rely on coal-fired power to keep our lights on and manufacturing facilities working. Even though the electric utility industry has invested billions of dollars over the past two decades to reduce emissions, the Utility MACT Rule orders coal-fired utilities to spend additional billions on retrofitting technologies to decrease the amount of emissions released as a production byproduct. Power plants that cannot reasonably afford these compliance costs will have to shut down and be replaced in a short timeframe by new generation and transmission at substantial cost to consumers. Read More