Friday, September 7, 2012

Young Tech Entrepreneurs "Incubate" in SF Mansions; US Student Loan Debt Passes One Trillion Dollar Level

According to a post in siliconvalley.com taken from a Bloomberg BusinessWeek story, a recent trend among technology's young high priests is to find a mansion, rent it, and live there like it's a frat house. In this case, the "campus" is San Francisco and the too-cool-for-school technocrats are having the time of their lives "incubating." Presumably, ideas advancing the cause of sacred technology are hatched in this one-percenter environment.

While the tech-celebrators commune together, Forbes and other mainstream publications have published stories this year noting that the total amount of unpaid student loan debt in the United States is more than one trillion dollars. In case you're keeping score at home, federal law prohibits student loans from being included in personal bankruptcy filings. The legislation was signed into law in 1976.

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