2011-07-11, 00:11 | Link #14721 | |
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2011-07-11, 04:17 | Link #14723 | |||||
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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I am one of those students. Bs & Cs all the way. Honestly speaking, universities should maintain their grade scheme no matter how much they want to increase their rankings. I don't mind failing a couple of courses to learn a few concrete things. Quote:
I forgot what is it called, I think it is "return on savings" when investors throw in money at places with high interest rates. This leads to something called "twin-deficit cycle", where high government deficit > rising interest rates > increase in foreign investment > increase value of currency > reduced export + increased import > trade deficit > lowered GDP > increased unemployment > reduced tax revenue. Then it goes back to higher government deficit again. Quote:
Like what an ex-banker friend of mine said, "Do the fucking math before you borrow money. If you can't calculate something that simple, just slash your wrists." Quote:
1. He pays his bills on time to avoid accumulating borrowing costs 2. He only takes a few cards out everytime he leaves home. 3. He uses to cards to get points, then applying them for discount, thus reducing his cost of living and increase his credit worthiness as his monthly pay are kept at an above-sustainable rate to pay his monthly credit card bills. It is financial discipline, like what many call it. But apparently people are too easily swayed by advertisements to buy something they don't need with money they don't have. What if the condom is shaped like Jesus?
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2011-07-11, 12:09 | Link #14725 | |
Asuki-tan Kairin ↓
Join Date: Feb 2004
Location: Fürth (GER)
Age: 43
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Points for discount is bullshit, at some point you paid already for that "discount". If you go to a normal shop the prices will be high enough to compensate for additional costs like credit-card e-cash. This is why credit cards are accepted only in some shops here in Germany (i.e. some gas stations will take credit cards, others not... the cheaper one's are typically not taking credit cards). So, at least where I live you'ld either pay more for your stuff on a daily basis and can use the credit card extensively or you buy cheaper and cannot use the credit card so often. In the end you have to calculate this very thouroughly to decide which way is the most economic alternative. And for someone who does not plan to incur debts, the answer could very well be to use no credit card at all. Because at the end of the day, the credit card is a service that someone has to pay for (and its not the credit card company).
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2011-07-11, 13:57 | Link #14729 | |
(ノಠ益ಠ)ノ彡┻━┻
Moderator
Join Date: Mar 2006
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There's a reason why the savings rate in the nation is at an all time low, and it is largely because of heavy advertising for credit as "free money". Many of these lenders know exactly who to target: high risk borrowers with shaky and/or low income. Why? Because it's like handing a poor person a million dollars. They're more likely to not know how to manage it to last for a long time and more likely to spend it on impulse buys that yield little return for investment. It doesn't help that major media portrays the rich lifestyle as one of excess and indulgence, furthering the notion that if you come into a lot of money you should spend it on frivolous overpriced stuff. Think about it...when was the last time you saw a credit card commercial that wasn't about buying expensive items or traveling somewhere? You'll never see one that talks about what many people actually use them for: paying the bills when the paycheck can't cover groceries. So while I can't blame the consumer, or the company, I can blame the culture of both which has contributed to the average individual learning about financial discipline the hard way....sometimes too late.
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2011-07-11, 14:21 | Link #14730 |
Le fou, c'est moi
Join Date: Dec 2007
Location: Las Vegas, NV, USA
Age: 34
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Not to mention the whole notion that the way you can gain a good credit rating is by, well, utilizing credit.
So even if you have enough of your own money to pay for all your needs, you end up being better off if you still use the credit card, instead of just using a debit card or cash and don't bother with it. Given that credit rating is the modern day version of class discrimination, a non-transparent number governed by a private institution that still greatly affects your life, and basically an adult version of your school grades telling you how you're doing at the whole "success" thing, providing privileges to those with a high score and punishing those who don't buy into the system, yeah. I'm going to slap the next person who says capitalism makes sense to me really, really hard. |
2011-07-11, 14:55 | Link #14732 | |
Le fou, c'est moi
Join Date: Dec 2007
Location: Las Vegas, NV, USA
Age: 34
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Oh. Well if you put it that way, I can't really say anything back. Except perhaps to note that most people who say that in America belongs squarely in the exploited demographic, and they even believe what they say. Peasants defending the ancien régime indeed. ~_~ |
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2011-07-11, 16:21 | Link #14735 |
Senior Member
Join Date: Sep 2008
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Lulzsec is back with another SQL injection attack.
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2011-07-11, 17:24 | Link #14736 |
Senior Member
Join Date: Sep 2010
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White House: we "win the future" by making ISPs into copyright cops
The White House likes the newly announced "six strikes" voluntary agreement announced today between major copyright holders and Internet access providers. That's no surprise—the US administration helped to broker the deal. "The joining of Internet service providers and entertainment companies in a cooperative effort to combat online infringement can further this goal [of supporting jobs and exports] and we commend them for reaching this agreement," said Victoria Espinel, US Intellectual Property Enforcement Coordinator, in a statement today. "We believe it will have a significant impact on reducing online piracy." ..... |
2011-07-11, 18:11 | Link #14737 | |
Aria Company
Join Date: Nov 2003
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2011-07-11, 18:30 | Link #14738 | |
Knight Errant
Join Date: Dec 2007
Location: Dublin, Ireland
Age: 35
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Out in the Forests Hunting - Don Quigleone |
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2011-07-11, 20:50 | Link #14739 |
Senior Member
Join Date: Sep 2010
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New Hampshire Planned Parenthood stops providing birth control
"If they want to have a good time, why not let them pay for it?" (Raymond Wieczorek of Manchester) and in New Jersey... Governor Christie Veto of Planned Parenthood Tax-Funds Upheld Last edited by flying ^; 2011-07-11 at 21:06. |
2011-07-11, 22:32 | Link #14740 |
books-eater youkai
Join Date: Dec 2007
Location: Betweem wisdom and insanity
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News Corp may be at risk for U.S. probe over bribery
http://www.reuters.com/article/2011/...76A6PH20110712 As if the phone-hacking scandal in Britain wasn't enough .
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current affairs, discussion, international |
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