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May 29th, 2012, 18:24
I like the Facebook sketch.

On a side note.. I'm glad I didn't purchase any of that stock.
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May 30th, 2012, 00:11
So, did the Wall Street banksters make money on the IPO?
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May 30th, 2012, 02:26
Afaik, Mark Zuckerberg and his lackeys are the only ones who made any real money off that IPO.
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May 30th, 2012, 02:37
Them and the puts people…
http://en.wikipedia.org/wiki/Put_option
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May 30th, 2012, 04:14
Yeah, there's always a winner in the derivatives market.
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May 31st, 2012, 08:19

“I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.” - Maya Angelou
"Those who dont read history are destined to repeat it."– Edmund Burke
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May 31st, 2012, 18:16
Saed, but true. Too true. Especially the first and the last one.

“ Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius – and a lot of courage – to move in the opposite direction.“ (E.F.Schumacher, Economist, Source)
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May 31st, 2012, 22:33

Sorry. No pearls of wisdom in this oyster.
Dallas Cowboys: Still afraid to hope / / Detroit Red Wings: Another rollercoaster season?
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June 1st, 2012, 01:17
Sorry, must be a local reference, I don't get it!!

If God said it, then that settles it!!

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June 1st, 2012, 01:25
Assad local? think Syria….
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June 1st, 2012, 02:05
He could have meant the american self-defense thing (wasn't there a young man killed by someone who thought he should defend himself from black-skinned, hooded young man ?), too … Although it would be highly cynical, then …

“ Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius – and a lot of courage – to move in the opposite direction.“ (E.F.Schumacher, Economist, Source)
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June 4th, 2012, 18:46




(they want to make it illegal to sell "sugary drinks" larger than 16oz in NYC reference)

Sorry. No pearls of wisdom in this oyster.
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June 4th, 2012, 21:36
Nice, but I don't quite get #2.

“ Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius – and a lot of courage – to move in the opposite direction.“ (E.F.Schumacher, Economist, Source)
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June 5th, 2012, 01:24
#2 is a reference to the amount of debt many students have by the time they graduate college.
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June 5th, 2012, 13:16
Ah, yes, thank you. Yes, I should have thought that.

Here we have Bafög, but the situation becomes more and more similar.

“ Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius – and a lot of courage – to move in the opposite direction.“ (E.F.Schumacher, Economist, Source)
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June 5th, 2012, 13:38
Just recently my gf commented that my university student loan of 8000e is "big". I tried to tell her that in som other countries that is considered nothing.

“I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.” - Maya Angelou
"Those who dont read history are destined to repeat it."– Edmund Burke
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June 5th, 2012, 13:55
In the end, it will be that rich people will profit from that, because rich people will rather be able to give their kids the needed money.

The result is simple : Poorer people who will most likely never be able to pay this money back will practically very unlekely be able to study.

And because rich people = "elites", at least in our "western" society, this means that the binding of university with money this way means that only elites will effecttively be able to study.

"Those who have will be given [even more]", as a German proverb goes.

“ Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius – and a lot of courage – to move in the opposite direction.“ (E.F.Schumacher, Economist, Source)
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June 5th, 2012, 18:22
Originally Posted by zakhal View Post
Just recently my gf commented that my university student loan of 8000e is "big". I tried to tell her that in som other countries that is considered nothing.
My friend's sister recently graduated college with a degree in dentistry. She's now the proud owner of $270,000 worth of debt.
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June 7th, 2012, 00:15
Originally Posted by Alrik Fassbauer View Post
Here we have Bafög, but the situation becomes more and more similar.
No it doesn't really. Even after the introduction of study fees in some federal states in Germany, studying in Germany remains dirt cheap compared to the US (see JDR's debt reference). Studying in the US can easily cost tens of thousands of $ if you go to a decent college/uni.
The linked document from the German Academic Foreign Agency quotes $12K - 16K annual fees on average for the US, ranging from $2K per year for a community college to $33K per year for a graduate study course at a university.
Our German €0.5K fees per semester completely pale in comparison.

The US educational system is also very achievement-based in my personal experience. You do not necessarily have to be rich to afford a good college/uni. The alternative is to be smart and work hard (starting in High School naturally). Then you might end up scoring a scholarship worth thousands of $ for a decent education.
It's still a bit unfair, of course, since the dumb, rich, lazy kids just need the dinero and you as a poor kid need to work your ass off to get on the same level but it is not entirely true that only rich kids can get a decent education. They are in a better position for sure but the possibility of a high ranking scholarship is open to everyone.
If you are poor but talented and very active in High School, getting excellent grades and partaking in lots of activities from the Speech & Debate Club to Economics to Sports etc. you have a pretty good chance to get a scholarship for a decent college.
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June 7th, 2012, 01:03
Compared to other countries it is cheap, yes, but I was comparing the situation in Germany with the situation in Germany, so to say.

“ Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius – and a lot of courage – to move in the opposite direction.“ (E.F.Schumacher, Economist, Source)
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