muzz

70 ms·

811.
by muzz 13y ago
McKinsey says there will be a huge shortage of college graduates: http://www.mckinsey.com/insights/economic_studies/talent_ten...
812.
by muzz 13y ago
I agree that that is exactly the gamble that a student is taking, that when finished there will be earning ability that will enable them to pay off the loans. Is this a reasonable bet to make? What is the earning potential of someone with
813.
by muzz 13y ago
Life insurance can be collected upon. How does one cash in a degree?
814.
by muzz 13y ago
Taxpayers no longer subsidize private lenders. That ended in 2010.
815.
by muzz 13y ago
If the government is making money off student loans, then how are they a subsidy? If profitable, that would imply that commenters calling loans a subsidy are simply incorrect.
816.
by muzz 13y ago
Not sure you apply that definition at all. Education is not an asset-- it can't be transferred ie sold like a house can. Along the same lines, there is no incentive or ability to buy an extra degree in Vegas, Phoenix, or Miami, just b
817.
by muzz 13y ago
Your speculation goes not make you "the bearer of bad news'
818.
by muzz 13y ago
Adding "$1 trillion in student loans to the federal balance sheet over a decade" is a result of direct lending, ie cutting out the middleman. It is also saving the taxpayer money to the tune of $70B over ten years.
819.
by muzz 13y ago
Less than 1/10th of the way into the article, they make it clear that he has dementia
820.
by muzz 13y ago
The six companies that dominate the auctions for those liens. "When it was over, six companies had swept the bidding, snaring two-thirds of the liens, which totaled $5 million, on properties worth more than $666 million"
821.
by muzz 13y ago
What would be your solution? To not sell the liens to private investors and instead and have the government try to collect on them? I.e., is your alternative bigger government?
822.
by muzz 13y ago
Yeah because banks have no experience with things called Impound or Escrow accounts...
823.
by muzz 13y ago
It auctions the lien, not the house. The new lien holder then foreclosures on the house and takes all the remaining equity.
824.
by muzz 13y ago
The owner had dementia, so may not have been able to make reasonable decisions.
825.
by muzz 13y ago
Bid-rigging seems to be the main chicanery in the article. The value of a lien on a property with high-100k equity should be some percentage of that.
826.
by muzz 13y ago
Yes many of us would-- in the case of the subject of the article, it would've only required $134 if done early enough (before it snowballed to $4,999). An important part of the article is that the subject profiled had dementia and was
827.
by muzz 13y ago
The article clearly states that the liens in DC are sold at auction.
828.
by muzz 13y ago
By reasonable you mean the same taxes for the same value, ie the opposite of Prop 13, right?
829.
by muzz 13y ago
Did you even read the article? It points out this arose from a change in 2001 that occurred because the agency was trying to do LESS work, not more. "But the work overwhelmed the agency, and in 2001, city leaders made a critical change
830.
by muzz 13y ago
Didn't mean to steal a submission. I searched for it and couldn't find it.
831.
From beginning to end, the story of a failed parking startup(chrishoog.com)
36 points by muzz 13y ago|30 comments
832.
by muzz 13y ago
> This allowed the police to read at least some of the files he was carrying. These included some 58,000 "highly classified UK intelligence documents". So apparently there was cause to detain him, it appears.
833.
by muzz 13y ago
True, but the market landscape recently was very different those two times. When Vista launched, the personal computing market was basically Microsoft's to lose. Mac OS existed but iOS and Android didn't. Now with those two powe
834.
by muzz 13y ago
In theory, yes. I'm not claiming to have the answers, but clearly we don't always see this play out that way. There are many examples of in other industries of undervalued talent not being utilized, things like the absence of bl
835.
by muzz 13y ago
By "union" you mean the lobbyists of the Texas Automobile Dealers Association right? I've never heard of lobbying arms being referred to as "unions"
836.
by muzz 13y ago
That's the image they portray. However, it's simply not true in this case.
837.
by muzz 13y ago
Why are you mischaracterizing problems due to a Texas state law as "The American Way (TM)"? Tesla does not have these problems in other states such as California.
838.
[Cuts in Federal spending on science and techonology] to Crush Silicon Valley(newrepublic.com)
5 points by muzz 13y ago|0 comments
839.
by muzz 13y ago
I've used them 3 times and so far, they've all been on-time, so my experience has been good.
840.
by muzz 13y ago
I had suspected that Homejoy wasn't taking a cut, and that $20/hr was just "initial" pricing and they would raise it later like Exec did. They haven't raised the rate, but my cleaner said she gets $13/hr so it

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