Tag Archives: rants

Politics: Rich People Live Longer Than Poor People (the rich vs poor divide continues)

Extreme Rich Poor Divides

(as first seen on the LIFE.files)

I just wanna be… I just wanna be successful…

Vodpod videos no longer available.

more about “Drake & Trey Songz – Successful“, posted with vodpod

In a study, researchers found that a woman’s education was a stronger factor in her husband’s risk of dying over the next decade or so than the man’s own level of education. And a husband’s social class based on his occupation had a greater influence on a woman’s survival than her own occupational class, Drs. Robert Erikson and Jenny Torssander of the Swedish Institute for Social Research in Stockholm found…

…Men living with a woman without any high school education were 1.25 times more likely to die than men living with a college graduate…while a woman’s own occupational class had little effect on her risk of death, women married to unskilled manual and routine non-manual laborers were 1.25 times more likely to die.

Well, isn’t this a news flash…. I guess I am not too conventional (which is a good thing… but I hated it when I was younger) cause I am working class poor (those student loans are killing me) but I think I have done pretty well for myself especially since I am black and grew up in a working class neighborhood. (I was supposed to be either in jail or dead by the age of 25, but instead I am well educated, businesses owner, and never been arrested or thrown in jail…  as of yet.)

Ok… long rant coming up on this:

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Is College Affordable Anymore?

The cost of a 4-year college
Public Private
Annual tuition and required fees, 2005-06 $5,351 $19,292
Growth in tuition and fees beyond inflation, 1995-2005 51% 36%
Median debt upon graduation $15,500 $19,400

Source: Department of Education, Spellings Commission report

degree holder earn more

So is it time to NOT go to school? Has the cost of school gone up so high that the pay increase you do get after you get the degree isn’t enough to pay for the loans? Even if you go for free, either with student financial aid, the school pays  or Mom and Dad pay – or some combination, is it worth not working full time for the next 4-6 years until you finish school?

Here is a quote from the article (if you are planning to go to school or planning to send your child, this is a must read):

Consider two childhood friends, Ernie and Bill. Hard workers with helpful families, each saves exactly $16,594 for college. Ernie doesn’t get accepted to a school he likes. Instead, he starts work at 18 and invests his college savings in a mutual fund that tracks the broad stock market.Throughout his life, he makes average yearly pay for a high school graduate with no college, starting at $15,901 after taxes and peaking at $32,538. Each month, he adds to his stock fund 5% of his after-tax income, close to the nation’s current savings rate. It returns 8% a year, typical for stock investors.

Bill has a typical college experience. He gets into a public college and after two years transfers to a private one. He spends $49,286 on tuition and required fees, the average for such a track. I’m not counting room and board, since Bill must pay for his keep whether he goes to college or not. Bill gets average-size grants, adjusted for average probabilities of receiving them, and so pays $34,044 for college.

He leaves school with an average-size student loan and a good interest rate: $17,450 at 5%. The $16,594 he has saved for college, you see, is precisely enough to pay what his loans don’t cover.

But wait there more.

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The Death of Youtube???

(redesign hurts the little guy)

(or does it???)

I have to admit, I totally agree with most of what he is saying. Many people have NO IDEA how business works. I am begining to think some pople think business is magic, like Lucky Charms or something.

So people will get mad that Youtube will try to actually make money off of a site that is NOT making money. People use it to an N’th degree but somehow becuase it is being used so much that it must be profitable. Wrong.

Its hard to advertise Trix cereal next to a guy spitting explitives and talking about liking squirl nuts.

I personally have some idea how how Youtube and other sites can earn more money, but it still won’t be enough to pay for all the bandwidth they expend just on playing the videos. So what happenes? Site redesign. probably one of a few designs that will come down the pike to try to make YouTube profitable.

I am looking forward to seeing it, because I like YouTube, but they won’t last bleeding money like they are now.

Political Corner: They Just Keep Spending Our Money Don’t They?

(will the revolution be televised this time?)

I don’t care if you are a Democrat or a Republican, why do these guys continue to just spend, spend and spend? They guy in the video isn’t from here, but it certainly is ringing true and is the reason why the video is SUPER POPULAR right now. Last week the treasury just decided to print court 1 Trillion dollars more. Just print. Think about gold or diamonds or that high scale restaurant that has a 3 -4 month waiting list (unless you are a super star of course)… you got that in your head right now? Ok, now thing of these items being multiplied a billion times.

So now you have a billion more diamonds, a billion more high scale restaurants to go to other than the one you originally wanted and a billion more gold nuggets. Would you still PAY 100 dollars to get in a restaurant that you could just go down the block to? Would that diamond be as special if every person in the US could have 3 of them and their would still be some left over?

Now that was for a billion more diamonds and gold nuggets… now multiply that 10 times more to 1 Trillion.

You see the problem?  You could literally line the streets with gold and no one would take a second look because gold would be as plentiful as copper, wood, and rubber.

It gets worst because, as you may already know, we spent even more than that before we printed out this new money.

I don’t know what is going to happen but I did learn one thing about all of this ad that there are 2 economic theories at play here. One is Keynesian economics and the other is the Austrian School of Economics. I am definaitly going to read the Astrian version to see what I am missing. Let you know what I find when I do.