Thiel Foundation: Silicon Valley needs to stop requiring college degrees
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Everybody knows that if you’re smart and ambitious, you attend college. Why? Tradition. But if we’re ambitious about creating a better twenty-first century, should we follow traditions from the nineteenth?

In the past hundred years, technology entrepreneurs have given us cars, jets, vaccines, cell phones and computers. The college industry, meanwhile, has made remarkable innovations in raising prices and offering novel forms of debt.

College tuition has gone up 500 percent in the last 30 years, helping all of us speed towards bankruptcy at an even faster rate than our health care system. But while medicine has made at least some quality improvements since the early 1980s, higher education is all price and no product.

If anything, actual learning at college campuses is in decline. Today’s students report spending 75 percent of their time socializing and sleeping, leaving a scant six hours per day to attend class, study and work…………… continues on

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Grumpy Old Fan | The done-right question
News from Comic Book Resources:

Green Lantern vol. 3 #19

Last week’s post discussed a couple of interrelated topics which I thought deserved a little more attention. One comes out of the idea that there can be a “Superman done right,” and the other deals with the development of a concept over time. Both of these are central to any fan of modern corporately-owned superhero comics, and in fact they inform much of our debates. However, they raise some thorny questions.

First off, the notion of “[character] done right” necessarily implies that the character can be “done wrong.” This is nothing new. Many fans might even say that the “wrong” examples far outnumber the “right” ones. For me, though, the problem comes when the “right” examples vary from the original conc…………… continues on Comic Book Resources

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Don’t use personal loan for credit card debt

Posted by administrator | 29/12/11 | Tagged Credit Card Debt

Don’t use personal loan for credit card debt
News from Yahoo Finance:

Dear Debt Adviser,
Is it wise to get a personal loan of $ 17,000 to wipe out credit card debt? The cards have a maximum interest rate of 11.2 percent and my income is approximately $ 100,000 annually before taxes. I don’t have a mortgage.
— Ira

Dear Ira,
Your credit card debt would not be “wiped out” with a personal loan; it would simply be shifted to another type of debt using a different credit instrument. Sort of like rearranging the deck chairs on the Titanic, your actions wouldn’t materially change what’s going to happen, although in your case it might make it worse. Here’s why: Many personal loans have a payback period of no longer than 60 months, or five years. Credit cards tend to amortize your payment over eight to 10 years, resulting in a lower payment over a longer time. While many personal loans use a fixed rate, you ca…………… continues on Yahoo Finance

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Now American Express Is Suing Nelly For $ 20K In Unpaid Credit Card Debt
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Image: Chris McKay/Getty

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