• Category Archives Education
  • Four Reasons Why College Degrees Are Becoming Useless

    Students are running out of reasons to pursue higher education. Here are four trends documented in recent articles:
    Graduates have little to no improvement in critical thinking skills The Wall Street Journal reported on the troubling results of the College Learning Assessment Plus test (CLA+), administered in over 200 colleges across the US.
    According to the WSJ, ‘At more than half of schools, at least a third of seniors were unable to make a cohesive argument, assess the quality of evidence in a document or interpret data in a table’. The outcomes were the worst in large, flagship schools: ‘At some of the most prestigious flagship universities, test results indicate the average graduate shows little or no improvement in critical thinking over four years.’
    There is extensive literature on two mechanisms by which college graduates earn higher wages: actually learning new skills or by merely holding a degree for the world to see (signaling). The CLA+ results indicate that many students aren’t really learning valuable skills in college.
    As these graduates enter the workforce and reveal that they do not have the required skills to excel in their jobs, employers are beginning to discount the degree signal as well. Google, for example, doesn’t care if potential hires have a college degree. They look past academic credentials for other characteristics that better predict job performance.

    This post was published at Ludwig von Mises Institute on June 14, 2017.

  • Trump To Rewrite Obama Rules On Student Loan Foregiveness

    A few months ago we noted that 31% of college students in the U. S., or roughly 2.4 million kids, literally admitted to using student loan money to fund their binge drinking trips to Cancun and Daytona Beach for spring break. Now, while most of us who’ve had the opportunity to live in the real world, outside the comfort of mom and dad’s basement, would consider it a bad idea to borrow 10-20 year debt to take a vacation we couldn’t afford, many college students seem to think it’s a perfectly acceptable practice.
    Now, to be clear, we have no problem with making bad decisions, sometimes those are the most fun (see pic below for evidence). We only ask that the people who make the bad decisions are also the same people who get to deal with the consequences of those bad decisions.

    This post was published at Zero Hedge on Jun 15, 2017.

  • How To Destroy The Value Of College

    It wasn’t that long ago that I could resoundingly recommend that teens in the US who had an interest in any sort of “STEM” field go to college and get their degree.
    I’ve not been able to make that argument for the “social arts” or the “liberal arts” for close to 20 years, but as recently as 10 years ago it was still an excellent argument, even at the inflated, debt-laden price, for STEM-related fields.
    About five years ago I started to sound the alarm even in the STEM fields, as the offshoring and H1b abuse got bad enough that with few exceptions the risk had risen to unacceptable levels even in those fields, considering that your risk profile extends out at least four years from when you go to college and usually five or six.
    Now, today, it appears I was right to be concerned — and I can no longer make any sort of argument for post-secondary education at today’s prices in the United States.
    Monthly salaries plummeted 16 percent to 4,014 yuan ($590) this year for a second-straight annual decline, data from recruitment site Zhaopin.com show. The Ministry of Education estimates that 7.95 million will graduate this year, almost the population of Switzerland.

    This post was published at Market-Ticker on 2017-06-05.

  • One more tremendous benefit to studying abroad

    It’s that time of year again.
    Countless high school students across the northern hemisphere are ceremoniously gliding their tassels from one side of their caps to the other and accepting a rolled-up piece of paper to commemorate the past four years of their lives.
    Many of them will be thrust off to university in a few short months, where, at least in the Land of the Free, they’ll be loaded down with tens of thousands of dollars in student debt.
    This strikes me as an incredibly cruel (and unnecessary) burden to place on a young person.
    For whatever reason, modern society still highly values a university degree, even though they’re ubiquitous.
    In 1940, only 4.5% of the US population had a Bachelor’s degree. It was truly something special.

    This post was published at Sovereign Man on June 5, 2017.

  • Millennials Seek “Generic Father Figure” For Backyard BBQ On Craigslist

    A group of millennials in Spokane, Washington are seeking a ‘generic father figure’ to help them host a barbecue on Father’s Day weekend. In the Craigslist post which has explicably since gone viral, college student Dane Anderson and his ‘boys’ are offering free food and booze to any enterprising area dad who’s willing to come to their party next Saturday and man the grill for a few hours.
    Anderson, who was interviewed by local NBC affiliate KHQ, says he created the post because he and his roommates, who range in age from 21 to 26, live too far away from their own dads.

    This post was published at Zero Hedge on Jun 3, 2017.

  • Macron Invites All Americans Disappointed With Trump To Flee To France

    French President Macron invited American citizens – especially those with a higher education – who are disappointed with Trump’s decision to pull out of the Paris accord, to help ‘make our planet great again’ by moving to that bastion of liberal global values, France , where they will find “a second homeland.”
    In a short address to Americans following Trump’s announcement to withdraw from the Paris climate accord, the French leader said that while he respects President Donald Trump’s decision, he believes it was a “mistake” and invited all Americans (ideally those with a college education) to come join him in France “to work together on concrete solutions, for our climate, our environment.”

    This post was published at Zero Hedge on Jun 3, 2017.

  • How Would Engineers Build the Golden Gate Bridge Today?

    Hota GangaRao, West Virginia University and Maria Martinez de Lahidalga de Lorenzo, West Virginia University
    Ever since the Golden Gate Bridge opened to traffic on May 27, 1937, it’s been an iconic symbol on the American landscape.
    By 1870, people had realized the necessity of building a bridge spanning the Golden Gate Strait to connect the city of San Francisco with Marin County. However, it was another half-century before structural engineer Joseph Strauss submitted his bridge proposal. The plans evolved, and the final project was approved as a suspension bridge that ended up taking over four years to build.
    When the Golden Gate Bridge went up, it was the longest suspended bridge span in the world – cables hold up the roadway between two towers, with no intermediate supports. And the setting had a number of inherent challenges. It cost about US$37 million at the time; building the same structure today would cost about a billion dollars. So how has the design held up over the past 80 years – and would we do things differently if we were starting from scratch today?

    This post was published at FinancialSense on 05/30/2017.

  • Powerful Geomagnetic Storms Hit Earth – Will Stocks Fall Next Week?

    Overnight and continuing into this morning a large space weather event has signaled a G-3 ‘Strong’ geomagnetic storm. On April 22, 2017, I wrote an article titled: Yesterday’s Broad Power Outage Likely Caused By Geomagnetic Storm outlining how the grid failures in San Fransisco, New York, and Los Angeles were likely due to a strong geomagnetic storm. As we know, geomagnetic storms can influence the functioning and reliability of spaceborne and ground-based systems and services or endanger property or human health.
    The Planetary K-Index is used to measure geomagnetic storms at Boulder, Fredericksburg, Est. Planetary, and College. The graphs below indicate a strong geomagnetic storm is currently underway and in some locations literally off the chart.

    This post was published at Zero Hedge on May 28, 2017.

  • Western Washington University Hosts Workshop On How To “Reduce The Impact Of White Privilege”

    As part of its Campus Equity and Inclusion Forums, the enlightened faculty of Western Washington University have decided to host a workshop that aims to “reduce the impact of white privilege on social and academic relations”…because the best way to address racial barriers (real or imagined) is to host a workshop that targets individuals based purely on their race.
    The workshop series, highlighted by The College Fix earlier today, will be hosted by history professor Randall Jimerson who presumably has a lot of personal atoning to do for his white skin. Jimerson noted that while the seminar is open to everybody, it’s especially helpful for white folks who need to learn “how to reduce the expression and effects of their white privilege.”
    ‘Most people of color are aware of the existence of ‘white privilege,’ whether or not they have applied this term to the disparity between their experiences and those of white people,’ he said via email. ‘Thus, I assume that the main focus will be on helping white participants to understand, explore, and accept (or reject) the concepts embedded in this phrase.’ ‘I hope that the conversation will then move to ideas about how to reduce the impact of ‘white privilege’ in our daily interactions with other people, and in our consciousness of race and other socially-constructed concepts.’
    Thankfully, Jimerson noted that racism among white people is not based on “biology, but only on social constructs historically designed to privilege ‘white’ people over all others”…which means all white people can be cured of their illness through sensitivity training at any number of liberal bastions of higher education around the country…so it’s a good news day.

    This post was published at Zero Hedge on May 26, 2017.

  • Discoverer Of DNA’s Double-Helix Banned From U of I For “Failing Test Of Decency”

    The University of Illinois has capitulated to faculty complaints and rescinded a speaking invitation to Nobel Laureate James Watson, who has ruffled feathers with past comments about race.
    Watson is famous for co-discovering the double-helix structure of DNA, but even a preemptive email stating that he would be giving a “narrowly focused scientific talk” failed to assuage faculty concerns.
    The issue is that outside of the research lab, Watson isn’t the same admirable figure: He has made all manner of offensive and racist comments. In a 2007 interview he said he was “gloomy about the prospect of Africa” because “our social policies are based on the fact that their intelligence is the same as ours – whereas all the testing says not really.” He also said he hopes everyone is equal but “people who have to deal with black employees find this not true.” He apologized but has made other tasteless, sexist comments that call into question his character and judgment – but not his scientific expertise.
    As CampusReform.org’s Adam Sabes reports, Watson is known primarily for co-discovering the double-helix structure of DNA along with Francis Crick, but had offered to give a ‘narrowly focused scientific talk’ at the school’s Institute for Genomic Biology about his recent cancer research, Institute Director Gene Robinson told The News-Gazette of Champaign-Urbana, adding that he considered the offer ‘carefully’ before deciding to accept.

    This post was published at Zero Hedge on May 25, 2017.

  • Great News For College Grads: Starting Salaries Are Finally Back To Where They Were 10 Years Ago!

    The Wall Street Journal and others are cheering today as a new study from executive search firm Korn Ferry International found that the “average base pay for college grads this year ticked to the highest level in at least a decade.” We guess in the new millennial world that getting back to your original starting point is actually celebrated as an ‘accomplishment’.
    ‘This has been the best year for students that I’ve seen since coming here,’ said Thomas Ward, executive director of the career-services center at Adelphi University, in Garden City, N. Y., who joined the school in 2008. Some students at the school are fielding multiple job offers, allowing students to be choosier about where they ultimately land, he said. ‘It’s very rewarding.’

    This post was published at Zero Hedge on May 12, 2017.

  • Seattle Mayor Wants To Tax Diet Soda To Fight “White Privileged Institutionalized Racism”

    Back in February, Seattle’s Mayor Ed Murray called for a 2 cent per ounce tax on sugary soft drinks in order to “improve Seattle’s educational opportunities for students of color.” Per Lynx Media, the tax was expected to raise some $16 million per year.
    Of course, when someone on his staff pointed out that a tax on sugary drinks would disproportionately impact the minorities that he was apparently trying to help, Murray knew that something drastic had to happen. So that’s when he decided to launch a new attack against the most recognizable symbol of “white privileged institutionalized racism” on the planet: DIET SODA!
    Per the Seattle Times:
    The changes were recommendations that emerged when staff from the mayor’s office and the office of Councilmember Tim Burgess studied disparate impacts the tax could have on people with low incomes and on people of color, according to Murray.

    This post was published at Zero Hedge on May 9, 2017.

  • Another Fraudulent Jobs Report

    ‘Willing suspension of disbelief’ is defined as a willingness to suspend one’s critical faculties and believe the unbelievable; sacrifice of realism and logic for the sake of enjoyment. First off, I want to state upfront that there’s nothing enjoyable about the monthly non-farm payroll report unless you enjoy being subjected to brain damage.
    Each month the Government asks us to suspend our critical faculties and accept the headline-reported number of new jobs created by the economy as well as the unemployment rate. Once again the Government did not disappoint, as it headline-flashed the alleged creation of 211,000 jobs and an unemployment rate of 4.4%.
    Unfortunately, for the mindless masses who consume fast-food style news from mainstream news sources, once the headline numbers are absorbed and the ‘experts’ reaffirm them with their idiotic psycho-babble, the numbers as reported miraculously become The Numbers.
    To say that the latest non-farm payroll report stretches the ability to suspend one’s disbelief is an understatement. The Government wants us to believe that 211,000 new jobs were created in April – ‘seasonally adjusted,’ of course. A cursory glance reveals that 162,000 working age civilians decided to just leave the labor force, which explains the alleged decline in the unemployment rate. Either those folks who walked away were bequeathed with Social Security disability, took out a big student loan and enrolled for an online degree program at one of the many online universities or, most likely, their jobless benefits expired and they simply gave up looking for a job that pays more than minimum wage (Note: the latter explanation is supported by the recent spike up in auto loan, credit card and mortgage delinquency rates).

    This post was published at Investment Research Dynamics on May 5, 2017.

  • Exposing The Student Servitude Scam

    Authored by Gordon Long via MATASII.com,
    Many today strongly believe it is morally wrong to indenture students to the degree of liabilities presently required to achieve the education required to become a productive contributor within our modern society.
    The question we need to demand answers to is why has college costs for students exploded upward, while salaries and job positions for graduates has not? What is driving the relentless and inexplicable surge in the debt burden for students and their parents?
    The well researched “Ivy League Inc” by my friends at OpenTheBooks only begins to scratch the surface of what is minimally a sham and may be better described as an orchestrated banking scam, not to dissimilar in design to the last financing bubble (i.e. the Residential Real Estate bubble in the last decade). Let me take the discussion in a critical direction which they politically may have felt it to be too sensitive to broach?
    First, to quickly grasp the underpinnings of how this sham has been symphonized it would help to frame our thinking around what might appear as two unrelated notions of how the capitalist system works (or more appropriately in the case of growing student debt – doesn’t work!).

    This post was published at Zero Hedge on May 4, 2017.

  • The Death Of Facts

    Needless to say, none of this is true. Nowhere has Heather Mac Donald suggested that black people or any other type of person has “no right to exist”. The accusation is levelled without evidence. But as with all anti-free-speech activists today, the line is blurred not merely between actual words and violence, but between wholly imagined words and violence. Every week in America brings another spate of defeats for freedom of speech. This past week it was Ann Coulter’s turn (yet again) to be banned from speaking at Berkeley for what the university authorities purport to be “health and safety” reasons — meaning the health and safety of the speaker.
    Each time this happens, there are similar responses. Those who broadly agree with the views of the speaker complain about the loss of one of the fundamental rights which the Founding Fathers bestowed on the American people. Those who may be on the same political side but find the speaker somewhat distasteful find a way to be slightly muted or silent. Those who disagree with the speaker’s views applaud the banning as an appropriate response to apparently imminent incitement.
    The problem throughout all of this is that the reasons why people should be supporting freedom of speech (to correct themselves where they are in error, and strengthen their arguments where they are not) are actually becoming lost in America.
    No greater demonstration of this muddle exists than a letter put together by a group of students at Claremont McKenna College earlier this month to protest the appearance on their campus of a speaker with whom they disagreed.

    This post was published at Zero Hedge on May 4, 2017.

  • What Nassim Taleb Can Teach Us

    Nassim Nicholas Taleb does not suffer fools gladly. Author of several books including The Black Swan and Antifragile, Taleb is known for his incendiary personality almost as much as his brilliant work in probability theory. Readers of his very active Medium page will experience a formidable mind with no patience for trendy groupthink, a mind that takes special pleasure in lambasting elites with no ‘skin in the game.’
    ‘Skin in the game’ is a central (and welcome) tenet of Taleb’s worldview: we increasingly are ruled by an intellectual, political, economic, and cultural elite that does not bear the consequences of the decisions it makes on our (unwitting) behalf. In this sense Taleb is thoroughly populist, and in fact he correctly identified trends behind the Crash of ’08, Brexit, and Trump’s election. He understands that globalism is not liberalism, that identity and culture matter, and most of all that elites don’t understand how randomness and uncertainty threaten the inevitability of a global order.
    Thus Taleb argues the intelligentsia are not only haughty when they plan our future, they are also clueless: fragility abounds, and threatens to crash the Party of Davos. Hubris results from unearned wealth and prominence, coupled with a blindness to the Black Swans lying in wait.

    This post was published at Ludwig von Mises Institute on May 3, 2017.

  • Facebook Under Fire For Selling Emotionally Vulnerable Kids’ Data To Advertisers

    Less than two months after announcing it would begin using artificial intelligence tools in its marketing arm, Facebook is now being accused of letting advertisers target emotionally vulnerable children.
    According to The Australian, a 23-page leaked document obtained by the outlet – marked ‘Confidential: Internal Only’ and dated 2017 – reveals that the social media giant used algorithms to sift through the posts, pictures, and reactions of 6.4 million ‘high schoolers,’ ‘tertiary students,’ and ‘young Australians and New Zealanders…in the workforce’ with the aim of learning about their emotional state.

    This post was published at Zero Hedge on May 2, 2017.

  • What you need to know before Consolidating Student Loans

    If you are considering consolidating your students, there are some details that you need to keep in mind. Individuals usually qualify for consolidation after they graduate, leave school or have been enrolled for less than half or part-time. Many private lenders allow borrowers to consolidate private and federal loans. Private consolidation can help you reduce your interest rate. Knowing whether or not to consolidate student loans depends on various factors. It is always important to be aware of your options when you want to make a financial decision. Pick the best option that is available and practical for your situation.
    Consolidation is one of the solutions that individuals who have a number of student loans opt for. During this process you take out a loan to pay off other current student loans. If you successfully get your new loan, you will be financially responsible for repaying the single loan. All federal loans can be consolidated as well as most private loans.
    Before you apply, learn more about the advantages of student loan consolidation. Potential advantages include streamlining the payment process. When you have different student loans, you need to remember different due dates for repayments on a monthly basis. A single loan means that there will only be one due date that you should remember along with one payment to make.

    This post was published at ZenTrader on April 27, 2017.

  • Consumer Confidence ‘Steady’ Despite Weak Wages, No Spending, Slow Growth

    Apart from stagnant wage growth, dismal economic growth, and tumbling spending growth, Americans remain ‘confident’ according to University of Michigan. Current conditions fell very modestly but ‘hope’ rose to its highest since January. Inflation expectations were steady (near record lows) but buying climates improved MoM.
    It seems UMich respondents do not care about wage growth (just the Nasdaq)…

    This post was published at Zero Hedge on Apr 28, 2017.

  • The Healing Power of Gold and Silver

    There is healing power in gold and silver. Both precious metals serve as an investment as well as money. Gold and silver also have technological applications. We recently reported that gold is the new green with a growing number of environmental applications. Today, we focus on some of the amazing developments using gold and silver in healthcare applications.
    For centuries, silver has been used as an antibacterial agent and to fight infections. Today, scientists are using cutting-edge research techniques to study how exactly silver poisons pathogenic microbes.
    The work of scientists like Joe Lemiresuch from Calgary University is yielding new insights on how to create effective antimicrobials and avoid the pitfalls of antimicrobial resistance.
    ‘With our enhanced mechanistic understanding of silver toxicity, we also aim to develop novel silver-based antimicrobial therapies, and potentially rejuvenate other antibiotic therapies that bacteria have come to resist, via silver-based co-treatment strategies.’

    This post was published at Schiffgold on APRIL 26, 2017.