January 03, 2009
LAZY DAY LINKS PART 3
People who have never had to hire and pay employees think that minimum wage laws are good. People who actually do have to hire and pay employees think minimum wage laws are bad. Guess who these MIT researchers agree with.
Visual transitions - morphing each president into his successor. Guess who was the first to smile for his official presidential portrait - wait for it - Nixon!
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Immigration to the US since 1820 - a graphical representation. It makes it look like immigrants are fleeing their countries. which, of course, most were.
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What the hell good is a modern log cabin without broadband bandwidth to burn, and a robot monitor that calls you when the temperature reaches an extreme? K.C. Jones explains it all.
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The Goddess of Love laments the death of the "F". How can you go to grade school without grades? No wonder nearly half of Cal State Long Beach freshman need remedial classes in basic math and English. At Cal-State Northridge, it's 60%!! At Dominguez Hills, its 83%!!! The only campus below 30% was Cal Poly San Luis Obispo, at 12%. The rest were between 30% and 80%
Here's a suggestion - they don't get admitted if they need remediation. Problem solved, budget cut by 50% overnight! Now look again at the chart I link, and note the average high school GPA of the kids that needed remediation - 3.3 GPA! Dean's list! Grade inflation, anyone? This proves my long-standing argument that the GPA numbers should be split between basics and electives, so that your A's in Football and Ceramics won't pull up your D's in English and Math.
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Mortgage bail-out shocka! Deadbeats are still deadbeats even after mortgages are bailed out. What in the hell did they expect?
I love this part:
"Without providing an explanation for the trend!" How about "Fool me once, shame on you. Fool me twice, shame on me!"
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Based on their comprehensive reading of the evidence, Neumark and Wascher argue that minimum wages do not achieve the main goals set forth by their supporters. They reduce employment opportunities for less-skilled workers and tend to reduce their earnings; they are not an effective means of reducing poverty; and they appear to have adverse longer-term effects on wages and earnings, in part by reducing the acquisition of human capital. The authors argue that policymakers should instead look for other tools to raise the wages of low-skill workers and to provide poor families with an acceptable standard of living.
-----Visual transitions - morphing each president into his successor. Guess who was the first to smile for his official presidential portrait - wait for it - Nixon!
-----
Immigration to the US since 1820 - a graphical representation. It makes it look like immigrants are fleeing their countries. which, of course, most were.
-----
What the hell good is a modern log cabin without broadband bandwidth to burn, and a robot monitor that calls you when the temperature reaches an extreme? K.C. Jones explains it all.
-----
The Goddess of Love laments the death of the "F". How can you go to grade school without grades? No wonder nearly half of Cal State Long Beach freshman need remedial classes in basic math and English. At Cal-State Northridge, it's 60%!! At Dominguez Hills, its 83%!!! The only campus below 30% was Cal Poly San Luis Obispo, at 12%. The rest were between 30% and 80%
Here's a suggestion - they don't get admitted if they need remediation. Problem solved, budget cut by 50% overnight! Now look again at the chart I link, and note the average high school GPA of the kids that needed remediation - 3.3 GPA! Dean's list! Grade inflation, anyone? This proves my long-standing argument that the GPA numbers should be split between basics and electives, so that your A's in Football and Ceramics won't pull up your D's in English and Math.
-----
Mortgage bail-out shocka! Deadbeats are still deadbeats even after mortgages are bailed out. What in the hell did they expect?
I love this part:
Dugan said recent data showed that after three months, nearly 36 percent of borrowers who received restructured mortgages in the first quarter re-defaulted.
The rate of re-default jumped to about 53 percent after six months and 58 percent after eight months, Dugan said, without providing an explanation for the trend. [emphasis mine]
The rate of re-default jumped to about 53 percent after six months and 58 percent after eight months, Dugan said, without providing an explanation for the trend. [emphasis mine]
"Without providing an explanation for the trend!" How about "Fool me once, shame on you. Fool me twice, shame on me!"
Posted by: JBD at
07:20 PM
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