It used to be that baby boomers paid for college with the money they made from their summer jobs, but then, over the course of the next few decades, public funding for higher education was slashed. Forcing the millennial generation to take on crushing educational debt loads, because these radical cuts forced universities to raise tuition year after year. Continue reading… “Why college tuition really costs so much”
Hedge funds buying up of foreclosed subprimes, raise rents, float rent-bonds
Living humans don’t stand a chance when a giant hedge fund is bidding on all the foreclosed houses in a poor neighborhood — but that’s OK, because rapacious investors make great landlords. Continue reading… “Hedge funds buying up of foreclosed subprimes, raise rents, float rent-bonds”
Fossil fuels subsidies cost the world $10 million a minute
According to new estimates from the International Monetary Fund, which puts the cost of subsidizing fossil fuels at an enormous $5.3 trillion a year, or around $10 million a minute every day, global energy subsidies are quite a lot larger than most of us thought. Continue reading… “Fossil fuels subsidies cost the world $10 million a minute”
College enrollment declining as Millennials re-enter workforce
A new report shows that spring college enrollment dropped nearly 2% from last year. Millennials are heading back to work, causing declining revenues in the educational sector. Continue reading… “College enrollment declining as Millennials re-enter workforce”
By 2025 autonomous cars could eliminate millions of jobs and reshape our economy
Most people, including experts, think that with the large hurdles that exist for widespread adoption, the transition to driverless vehicles will come slowly over the coming few decades. This could be a significant underestimation. Continue reading… “By 2025 autonomous cars could eliminate millions of jobs and reshape our economy”
Future jobs: Where are they, and how to get them
The jobs of the future aren’t so easily defined, though the Bureau of Labor Statistics expects health care and construction jobs to grow as baby boomers age in greater numbers and the economic rebound gives people the confidence to build new homes. Continue reading… “Future jobs: Where are they, and how to get them”
Science says you should spend money on experiences, not things
Money can make you happier, but after you basic needs are met, it really doesn’t make you much more happier. One of the the biggest questions then is how do we allocate our money, which is (for most of us) a limited resource. Continue reading… “Science says you should spend money on experiences, not things”
$1.3 trillion has sneaked out of China over the last 10 years
According to a report by Global Financial Integrity (GFI), a financial transparency group, between 2003 and 2012, $1.3 trillion slipped out of mainland China—more than any other developing country. Continue reading… “$1.3 trillion has sneaked out of China over the last 10 years”
More than 6,000 stores being closed by major U.S. retailers
We are told that the U.S. economy really is improving, so why are U.S. retailers permanently shutting down thousands of stores? Continue reading… “More than 6,000 stores being closed by major U.S. retailers”
Growth statistics are being infiltrated by Robots
Think tank Third Way published in early April, research by Henry Siu and Nir Jaimovich that attributes to robots and automation the fact that routinized jobs have all but vanished from the economic recovery. Continue reading… “Growth statistics are being infiltrated by Robots”
B V M – Keys to Funding
Karl Dakin: I sat through a number of entrepreneur pitches recently and was frustrated by the fact that none of the pitches addressed any of the keys to funding:
- Benefits
- Value
- Management
Without this trifecta, there is no basis for any funding, regardless if the funding is a charitable gift, an impact investment or a classical return on investment (ROI). Continue reading… “B V M – Keys to Funding”
Globalization unraveling
Cisco chief executive John Chambers used a portentous phrase while telling analysts in 2013 that they were cutting its three- to five-year revenue growth target because sales in emerging markets were spiraling downward: “We’re the canary in the coal mine.” Continue reading… “Globalization unraveling”













