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It's remarkably simple like you and Hello have stated. It increases the cost burden on business owners that have already had their margins stretched to the brink. They had a C-Span hearing with two small business owners, one of which ran restaurant chains in Indiana and Ohio. Most of his...

You should probably travel a bit outside of the state of New York, and notice the cost of living in other states. $80k in a state with a much lower cost of living is alot of money.

You live in Canada, don't you? In the US, there are any number of ways to disguise inflation in an official capacity so as not to realize any cost of living increases. The private sector is certainly not under any mandate to guarantee cost of living increases, so yes, to be perfectly...

At first glance, I'm in agreement, but we both know that once we travel down that path of asset seizures and forfeiture, the corrupt organizations that would carry out these actions would soon go for an even bigger power grab and everybody would be at risk. It is possible that at some point...

The inflate at all costs mentality is flawed to begin with. You simply assume that if the Fed fights inflation with all its weaponry that the above homeowner will actually see his wages keep pace with general inflation, and that's an academic argument, not a real world argument. In the current...

No question in my mind that the richest in the world are amongst this group of despots and dictators that have raped their country's wealth, have pocketed foreign aid and then compound that wealth without paying even a penny of tax over decades.

When the boomers are gone en masse, I fully expect the political landscape to change dramatically. As I posted in another thread, these bailouts (whether they are perceived logically or not) and attempts to "save the housing market" (remember this is media spin et al), but the younger...

The demographics issue is something I've thought quite a bit about in recent years. In many regards, I view the monetary response as a generational type of bailout..i.e. those who have accumulated assets, those who purchased homes in the pre-asset inflationary cycle are basically complicit in...

LeeD has some excellent points in this thread, I completely agree with what he has said and it certainly explains the past decade or so of finance, IMO.

Hmm, that seems to be in the exact reverse of how I experienced the school system. In my experience, the better private schools will have an honors track (just as the better public schools have as well) and the best teachers are usually going to be teaching these classes. Many public...

Why do you continue with this line of bullshit? Myself and others have contributed numerous "could have, would have" solutions to what occured in 2008, yet you continue to act as if no-strings attached bailouts, monetization and crony capitalism is the ONLY solution to any of the economies woes.

Oversimplified to say the least. There is a good reason why some of the very best teachers wind up in private schools...You know why? because the kids in the classroom all had to pass an entrance exam and/or actually gain acceptance into an advanced/honors curriculum. Given an able and...

She looks stoned.

It's really just a business decision for the hucksters. Even if/when the bear markets show up (at least over the past 20 years), they are quick drops, don't last for long periods of time and are filled with back and fill days higher. When the bull markets show up they grind higher for months...

Here RCarlton, so that we can end this idiotic exchange, please reference US News & World Reports College Rankings and scroll down to schools starting around 60 and onward to gain an appreciation for the actual POINT of my posts. Again, I am NOT arguing that the schools in the top 25 or so are...

What a completely moronic response. Truly, I have no f'ing idea where on earth you got the idea that I would imply that Amherst is a third or fourth tier school. Yes, I know all about the top Eastern liberal arts schools. As I said before, I know what I speak of regarding these schools...

Sorry kid, it's a pretty well established fact that the Ivies will get you in the door of more lucrative jobs than the third and fourth tier schools will. The saving grace for some of the schools down the list are the alumni networks. btw, for probably more than 30 years (longer than...

Completely agree and let's go one further than that. With the many recent college grads who cannot find work, and in many cases would be qualified to be teachers, there is an even larger talent pool to choose from. Considering that this is a 9 month per year job (not even that with all the...

Not to interrupt, but the point of the thread is to address liberal arts colleges and liberal arts majors and their impracticality in today's transitioning economy. Engineering and CompSci fall into the sciences, definitely not liberal arts majors (engineering especially). Usually, they are...

I stand by my original comments that the top tier liberal arts colleges are functionally social networks more than true educational institutions. Parents foot the bill for these schools so that their kids can go work on Wall Street or have a better shot with some other vested industry that...