EppsNet Archive: Money

People Who Don’t Want Me to Know Things

 

What I want to know is why there are so many people who don’t want me to know things . . . What the 1% Don’t Want Us to Know Natural Cures “They” Don’t Want You to Know About 20 Terrifying Facts Food Companies Don’t Want You to Know 11 things the Koch brothers don’t want you to know What hospitals don’t want you to know about C-sections 5 Things Hackers Don’t Want You to Know The Sad Secret Successful People Don’t Want You To Know 7 Rip-Offs Corporations and the Wealthy Don’t Want You to Know About Something Most Christians Don’t Want You to Know 11 Secrets Supermarkets Don’t Want You to Know Conspiracies: Five things they don’t want you to know The 25 Shadiest Things Drug Companies Don’t Want You To Know 11 Secrets Pilots Don’t Want You To Know Bottled Water: 10 Shockers “They” Don’t Want You… Read more →

This Kid Made an App That Exposes Sellout Politicians

 

Via VICE: Yes, the algorithm is if (isPolitician(x)) {     x.sellout = true; } Thus spoke The Programmer. Read more →

Ten Steps to Being Fat, Lonely and Broke

 

Some behaviors come naturally while others require more effort. For example, there are dozens of bestsellers on finding love, losing weight and creating wealth but no market for books like Ten Steps to Being Fat, Lonely and Broke. Read more →

More People I’m Sick Unto Death Of: Great West Retirement Services

 

Because I changed jobs recently, I want to roll over a 401k into an IRA. I filled out the form, mailed it in to Great West Retirement Services — they manage the 401k — and got this in return: The enclosed benefit request is being returned for additional and or missing information. We require the following item(s) be completed before processing can take place: Please have this request completed on the attached current version of the distribution form. The form this request was submitted on is now discontinued. OK, first of all, the form isn’t being returned for additional or missing information. I filled out the form I was given and you’re telling me it’s now discontinued. You can’t figure it out anyway? You really need me to fill out ANOTHER 6-PAGE FORM with EXACTLY THE SAME INFORMATION in a slightly different format?! And I love this part: “Please have… Read more →

I’ve Solved the Problem of Economic Inequality

 

Instead of “economic inequality,” let’s call it “economic diversity.” Then it’s a good thing, right? Read more →

Random Thoughts on Paying College Athletes

 

Where is the money going to come from? Most people seem to think that college athletic programs are big money makers. They aren’t. Despite the big revenue dollars associated with two sports — football and men’s basketball — 90 percent of Division I athletic programs, because of the much larger number of non-revenue sports, operate at a loss. They’re subsidized by the general fund of the university. Paying athletes would require additional dollars to be directed away from academic endeavors: hiring and paying professors, funding research, offering financial aid to non-athletes, etc.   Title IX requires gender equity. You couldn’t just pay football players and men’s basketball players. Everyone would need to be paid equally in some sense, even in non-revenue sports.   How much money are we talking about? Let’s say at a medium to large school, we have 500 to 1,000 student athletes and we’re going to pay… Read more →

One Percenters

 

“Progressives” love to complain about the alleged unfairness of the amount of income earned (“Progressives typically use misleading terms such as “claimed by”) the top 1 percent of income earners. Why not complain instead about the unfairness of the amount of tax revenues received by the top 1 percent of net-tax-revenue recipients? Why are the annual tax-receipt incomes of this small group less worthy of condemnation than are the annual pre-tax market-earned incomes of “the 1 percent” who are the regular objects of criticism, envy, and childish populist moralizing? — Don Boudreaux Read more →

The War on Poverty is 50 Years Old

 

The New York Times has an update from McDowell County, West Virginia, on how the War on Poverty is going after 50 years . . . Of West Virginia’s 55 counties, McDowell has the lowest median household income, $22,000; the worst childhood obesity rate; and the highest teenage birthrate. It is also reeling from prescription drug abuse. The death rate from overdoses is more than eight times the national average. Of the 115 babies born in 2011 at Welch Community Hospital, over 40 had been exposed to drugs. . . . Many in McDowell County acknowledge that depending on government benefits has become a way of life, passed from generation to generation. Nearly 47 percent of personal income in the county is from Social Security, disability insurance, food stamps and other federal programs. . . . The poverty rate, 50 percent in 1960, declined – partly as a result of… Read more →

The Potato Chips Are Not Optional

 

A woman comes home from the grocery store with three bags of Lay’s Potato Chips . . . “These were on sale,” she says. “You buy three bags and each bag is $1.53. You know how much one bag is usually? $4.50. It’s like buying one bag and getting two bags free.” “How much would it cost if we bought no bags of potato chips?” someone asks. “That’s not an option.” Read more →

Get Rich Making Dumb Decisions

 

The people on the short side of the subprime mortgage market had gambled with the odds in their favor. The people on the other side — the entire financial system, essentially — had gambled with the odds against them. Up to this point, the story of the big short could not be simpler. What’s strange and complicated about it, however, is that pretty much all the important people on both sides of the gamble left the table rich. . . . The CEOs of every major Wall Street firm were also on the wrong end of the gamble. All of them, without exception, either ran their public corporations into bankruptcy or were saved from bankruptcy by the United States government. They all got rich, too. What are the odds that people will make smart decisions about money if they don’t need to make smart decisions — if they can get… Read more →

Childish Economics

 

I have a very difficult time imagining the economic ‘theory’ that motivates proposals such as this one by Pres. Obama [to “streamline” the Fair Labor Standards Act so that more white-collar employees would be eligible for overtime pay]. The best that I can do is to imagine how a two-year-old child would respond if asked to propose a way to raise workers incomes. — Don Boudreaux Read more →

A Mega Millions Lottery Ticket is a Good Investment

 

Mega Millions uses 75 numbers for the first five selections and 15 numbers for the Mega ball. The number of unique combinations of five numbers selected from a pool of 75 is Multiply that times 15 possibilities for the Mega ball and the odds of winning come out to 1 in 258,890,850. BUT THE CURRENT MEGA MILLIONS JACKPOT IS OVER $350 MILLION! Any time you can get 350 million to one odds on a 258 million to one bet, you’ve got to take it. Read more →

Spa Day at the Vet and Erica’s Departure

 

I dropped Lightning off at the vet for grooming . . . “Make it like a spa day for him,” I said. “With lots of pampering. Don’t just put him in the sink and soak him down like we do at home. Make it free pampering though, nothing that will cause extra charges to accrue. By the way, where’s Erica?” Erica is usually at the desk on weekends but today there was a new girl. The new girl, Lauren, said that Erica is moving to Arizona and won’t be working there anymore. “She will be greatly missed,” Lauren said. She sure will. People are insane when it comes to their pets and Erica was always extremely patient and attentive — extremely. I wish I had the kind of personality that makes people miss me when I go away but oh well . . . I guess I have other qualities.… Read more →

More People I’m Sick Unto Death Of

 

The mayor of Los Angeles, Eric Garcetti, said this the other day: “Some of the monies that will come from that will go to other parts of the city too that connect in with that . . .” OK, that’s out of context and it doesn’t make any sense, but — “monies”?! “Hi, I’m Eric Garcetti. I have a dollar bill so I have a money. If you give me another dollar, I’ll have some monies.” No. You can have a dollar or a billion dollars. One word covers all the possibilities and that word is “money.” “Monies” is a word used by politicians and academians and other posturing pricks who’d like you to think that they’re doing the Lord’s work and not soiling their hands with anything as grubby as “money.” Read more →

Success is Not (All) About Money

 

But I think American liberals have also made the mistake of focusing too much on income and wealth as the measures of success. Every chart and graph we see about America’s increase in “inequality” is about either money, or the likelihood of getting money. Sure, disparities of wealth are distasteful. Sure, money is one thing that confers social status. But by focusing on it obsessively, I think liberals are helping to cement its paramount importance as the end-all and be-all of social outcomes. — Noah Smith Related links Redistribute wealth? No, redistribute respect. (noahpinionblog.blogspot.com) Read more →

Lottery Update

 

I did not win the $586 million. Will have to continue to get by on my wit and virtue . . . Read more →

Plans for My Lottery Winnings

 

The Mega Millions jackpot is up to $586 million. I bought two tickets at the gas station where I buy sodas every morning. “I hope I don’t have to split it,” I said to the guy. “I want the whole $500 million.” “What are you going to do with all that money?” he asked. “First of all, I’m going to buy a new cup for my sodas every morning, instead of bringing the old cups back in for the refill price.” “That’s it?” “I’ll also be a lot harder to get along with at the office. No more Mr. Nice Guy.” Read more →

A $15 Minimum Wage is Not Going to Help You

 

Fast Food Workers Will Strike On Thursday In L.A. : LAist Fast food workers staged a one-day strike for “living wages.” More specifically, they want the federal minimum wage to be raised from $7.25 an hour to $15. You want to make a living wage? I’ll tell you how to make a living wage. I’ve had a lot of jobs and this method has never failed me. Here it is: Before accepting a job offer, you always ask yourself, “Does this job pay enough for me to live on?” And if the answer is no, then you don’t take that job. If you want to earn $15 an hour, do what I do: get a job that pays $15 an hour. Who’s stopping you? If no one’s willing to pay you $15 an hour, it’s because the skills, intelligence and motivation that you bring to the table don’t allow you… Read more →

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