Bankocracy

Stat of the Day: Tuition Discount Rate

"The NACUBO tuition discount rate for 2012 was 45% and has risen every year for the last six years. Despite all the stories about tuition hikes, the fact is that many colleges that lack elite status (and huge endowments) are struggling to make money while maintaining the overall quality of their student body. Their solution appears to be to raise the sticker price while offering deep discounts at the same time, usually on a sliding scale based on student attractiveness. This Forbes article talks about schools so desperate that let students walk up weeks before school starts and get an admission decision on the spot." Continue reading →

Continue ReadingStat of the Day: Tuition Discount Rate

Cameron Herold: Let’s raise kids to be entrepreneurs [2010]

"Bored in school, failing classes, at odds with peers: This child might be an entrepreneur, says Cameron Herold. At TEDxEdmonton, he makes the case for parenting and education that helps would-be entrepreneurs flourish -- as kids and as adults." Continue reading →

Continue ReadingCameron Herold: Let’s raise kids to be entrepreneurs [2010]

Homeland Studies

"Salt Lake Community College in Utah joins numerous other institutions of higher spending now offering an 'associate of applied science [sic for ‘baloney’] (A.A.S.) degree in “Homeland Security and Emergency Management.' Yes. Seems there is a correct way to grope a victim while stealing his iPad, and by gum, the instructors are gonna learn rookies to do it right. You won’t be surprised at this propaganda’s sponsors: 'the Department of Homeland Security, Transportation Security Administration, the Unified Police Department of Greater Salt Lake, various medical institutions and other regional agencies and employers.'" Continue reading →

Continue ReadingHomeland Studies

Librarian wants to ban 5-time reading champ from contest

"After Tyler Weaver read 63 books between June 24 and Aug. 3 to win this year’s Dig Into Reading competition at the Hudson Falls Public Library, director Marie Gandron told a reporter from the Glens Falls Post-Star that Weaver 'hogs' the contest every year and should 'step aside.' 'Other kids quit because they can’t keep up,' Gandron said. Gandron's declaration didn't sit well with Tyler and his family. 'When he heard what the director said [about him] he was very upset,' Katie Weaver, Tyler’s mother, told TODAY. 'He’s never seen being good at reading to be a negative thing. And he shouldn’t! He realized that the director was wrong.'" Continue reading →

Continue ReadingLibrarian wants to ban 5-time reading champ from contest

Successful Entrepreneurs Share a Common History of Getting in Trouble as Teenagers

"They found that successful entrepreneurs possess distinct traits identifiable back when they were teenagers. Some of the not-so-surprising traits include having a high IQ, coming from a stable family, having parents who earn a higher than average income, and having exceptionally high self-esteem and confidence. However, some other common traits are often associated with juvenile delinquency. The study found that successful entrepreneurs displaying these traits typically started their careers as top high earning salaried workers, and when they branched out on their own and successfully established their companies, they tended to enjoy a boost in earnings of 70%." Continue reading →

Continue ReadingSuccessful Entrepreneurs Share a Common History of Getting in Trouble as Teenagers

Facebook launches global Internet access initiative

"Facebook and other technology giants launched an initiative Wednesday designed to give the whole world access to the Internet. The project is entitled Internet.org and its goal is to cut the cost of smart phone-based Internet services in developing countries. Today some 2.7 billion people, just over a third of the world’s population, have access to the Internet and the number of new users is growing only slowly each year, a statement said. The other partners in the project are Nokia, Ericsson, Samsung, Qualcomm, MediaTek and Opera, while Twitter and LinkedIn also also due to sign up." Continue reading →

Continue ReadingFacebook launches global Internet access initiative

I Am Young Detroit: Andy Didorosi

"Andy Didorosi is a serial social entrepreneur. He’s founded several ventures including Paper Street, Detroit Bus Company, The Thunderdrome, and Wireless Ferndale. He started working when he was sixteen, buying and selling auction cars. He would buy them really cheap and spend a long time fixing them up and sell them for a lot more online through Craigslist. At the same time he’d be working at a little Italian restaurant bussing tables, but realized it wasn’t for him. 'I’m a terrible, terrible employee,' he says, 'I could never work for anybody ever again.' Detroit is better off with him doing his own thing anyway, because he’s helping to fill in a few of the gaps the city has failed to." Continue reading →

Continue ReadingI Am Young Detroit: Andy Didorosi

Obamanomics, as Captured by Cartoonists

"As evidenced by my political cartoon contest, I’m a big fan of that form of satire. And if I’m looking at cartoons specifically about statist economic policy, my favorites include Chuck Asay’s dead pig cartoon, as well as his cartoon about the big bad wolf. And this Michael Ramirez headwinds cartoon is one of the most-viewed posts in the history of my blog, though I personally prefer his European lemming cartoon. Now let’s add some more cartoons to the collection, beginning with a Michael Ramirez gem about Detroit." Continue reading →

Continue ReadingObamanomics, as Captured by Cartoonists

Doug Casey: “We’re Still In The Midst Of The Biggest Bubble In World History”

"We’re still in the midst of the biggest bubble in world history. It’s bigger than the tech stock market bubble around the turn of the century. It’s bigger than the real estate bubble…[it's] the bond bubble. With interest rates ranging from zero to a few percent—this is the biggest bubble in history and when it collapses, it’s going to be catastrophic because the bond market is so huge. It’s much bigger than the stock market is. [..] We’re pretty close to the edge of the precipice…it’s fascinating to watch but I can’t be optimistic about the next few years…[but] that doesn’t mean the world is going to come to an end—It just means it’s going to be reorganized.” Continue reading →

Continue ReadingDoug Casey: “We’re Still In The Midst Of The Biggest Bubble In World History”

18 Signs That Global Financial Markets Are Entering A Horrifying Death Spiral

"The much anticipated 'financial correction' is rapidly approaching, and investors are starting to race for the exits. We have not seen so many financial trouble signs all come together at one time like this since just prior to the last major financial crisis. It is almost as if a 'perfect storm' is brewing, and a lot of the 'smart money' has already gotten out of stocks and bonds. Could it be possible that we are heading toward another nightmarish financial crisis? Could we see a repeat of 2008 or potentially even something worse?" Continue reading →

Continue Reading18 Signs That Global Financial Markets Are Entering A Horrifying Death Spiral