Archive for the ‘Spend Page’ Category

Your parents aren’t going to be happy about this…

Wednesday, February 23rd, 2011

Ouch. According to a new study, college students are spending four (or more) years and thousands of dollars on higher education, but they’re not actually learning anything.


(photo credit: peanutian)

Here’s the short story:

Students are slacking off, colleges are more focused on enrolling and keeping new students than they are on making sure each student gets a quality education, and professors are having trouble keeping up with their increasingly large class sizes as more and more people attend college.

Here are the fun facts:

  • 45 percent of students “did not demonstrate any significant improvement in learning” during the first two years of college.
  • 36 percent of students “did not demonstrate any significant improvement in learning” over four years of college.
  • Students who study by themselves for more hours each week gain more knowledge — while those who spend more time studying in peer groups see diminishing gains.
  • Students whose classes reflect high expectations (more than 40 pages of reading a week and more than 20 pages of writing a semester) gained more than other students.
  • Students who spend more time in fraternities and sororities show smaller gains than other students.

Read the whole story here.

Yes, this is a cake.

Friday, February 18th, 2011

cashcake.jpg

Spend/ Grow/ Give your money, and eat it too!

moneyisnotimportant:

Yes, this is a cake.

This Fall, Look Forward To High, High Prices!

Friday, February 18th, 2011


(photo credit: Thing Three)

“Most” consumer goods are about to get a lot pricier - food, clothing, appliances, you name it. Why? Commodities, demand, and labor! Here’s what that actually means for you…

  • The cost of raw materials, like cotton, wheat, and metal, has increased wildly in recent years. These raw materials are traded on exchanges kind of like stocks, but they’re called commodities. Just like stocks, the prices of commodities changes frequently.
  • When commodity prices shoot up, it’s more expensive for companies to make their products, and that cost gets passed on to you, the consumer.
  • Besides the price of materials, there’s the cost of people. Workers overseas now demand higher wages than they used to, and with more money to spend, there’s an increased demand for certain goods (like cars and meat). That all adds up to more expensive products.
  • Retailers have been holding off on raising prices to keep customers during the recession, but they say they can’t hold out anymore.
  • Will rising prices lead to inflation? Stay tuned.

Facts & Figures

  • Unemployment in the U.S. is still at 9%, and wages have risen less than 2% in the past year
  • Some brands planning to raise prices include: Nine West, Anne Klein, Victoria’s Secret, Polo Ralph Lauren, Whirlpool, Kraft, Starbucks, Sara Lee, Brooks Brothers, and Hanes
  • Inflation has been low – about 1.4%, but economists expect the rate to rise to 2.5% 2011

Best Quotes

“Consumers are not exactly in the frame of mind or economic circumstances to say ‘Oh, pay whatever they ask.’ There’s going to be pushback.” – Joshua Shapiro, Chief U.S. Economist at MFR Inc.

“These companies are constantly walking a tightrope on how far do I go. Do I offset with price or other cost cuts, or do I just take it and have it eat into my profit margins?” – Jack Russo, Consumer Goods Analyst at Edward Jones

What do you think?

Do you know what goes into the price of the products you buy? Did you ever imagine that the price of popcorn at the movie theater could be connected to weather in the Midwest and a commodites trading floor in Chicago?

Brazil’s Carnival Burns Up… Literally

Thursday, February 17th, 2011

“(Reuters) – A large fire swept through Rio de Janeiro’s Carnival center on Monday, destroying thousands of costumes and floats and throwing preparations for Brazil’s annual festival of hedonism into chaos.”

Best Quote

“The only thing that didn’t burn was our desire to parade.” – Helinho de Oliveira

What do you think?

Can you imagine how much money this cost the people of Brazil? There’s the cost of costumes and floats, plus the time and labor it took to make them, there’s the destruction of people’s property and belongings (including wallets full of cash and credit cards), and then there’s the big event… Will there be as many tourists and money-spending revelers this year?

Shopping The Runway

Thursday, February 17th, 2011

“Fashion weeks in New York, Paris and Milan generate a tremendous amount of press and buzz for some of the world’s most expensive clothes. But many of the runway styles are actually purchased by a small group of customers, not all of them from the isle of Manhattan. And unlike celebrities and socialites, who often get designer clothes at no charge in exchange for publicity, these customers pay full price.”

What do you think?

What do you pay full price for… and when do you wait for a sale?

Something You Never Needed to Know and Will Never Forget

Thursday, February 17th, 2011

Here’s a fun fact: by forbidding their drivers to make left turns, delivery service UPS saved us all about 20,000 metric tons of carbon emissions. But there’s more!

When Your Investment Portfolio Includes A Striker, A Keeper, And A Few Mid-Fielders

Wednesday, February 16th, 2011

“A group of U.S. investors made an offer to UniCredit SpA, co-owner of AS Roma, to acquire the three-time Italian soccer champion.

They are proposing to pay as much as 130 million euros ($178 million) and are seeking a 50 million-euro credit line for AS Roma from UniCredit after the purchase, Italian newspaper Il Messaggero reported Jan. 28. Movsesian declined to provide details of the offer.

He said it would be “an honor” to buy the team, and revealed it would be “trophy asset” as well as an investment.”

What do you think?

Do you know how much return you could get on a soccer team? Is buying a team more or less risky than buying a stock?

As Seen on the Web… Girl Scouts Get Serious

Friday, February 11th, 2011

It’s hard to imagine Girl Scout cookies not selling themselves. (I mean, Thin Mints?!) But tomorrow’s captains of industry are today’s cookie-pushers, and everybody’s got to learn how to pitch sometime.

This will probably be the cutest little girl/ consultant interaction you see all day.

Volkswagon Wows With 300MPG Car

Thursday, February 10th, 2011

“Volkswagen has made a car it says can travel 313 miles on a gallon of diesel, and that emits just 24 grammes of carbon dioxide per kilometre travelled.

The XL1, which seats two adults, combines a 0.8 litre two cylinder diesel engine with an electric motor. The car is constructed around a carbon fibre reinforced polymer monocoque to reduce the weight to just 795 kilos. German rival BMW is also making an electric carbon fibre car, while Mercedes is to make carbon fibre parts.”

What do you think?

What influences your taste in cars?

Old people and robots

Wednesday, February 9th, 2011


Terrifying. John B. Carnett

Japan has a rapidly aging population, but not enough home care workers to help elderly folks with daily tasks. So Japanese engineers, true to form, began building robotic home care workers.

Only problem is… old folks don’t want to be cared for by robots. It’s… kind of creepy. While cute animal-themed robots are selling reasonably well, the creepy humanoid models are being put on the shelf. (Until they’re reactivated in the Great Robot Wars begin in 2033, of course.)

Now the helper robot industry is shifting focus from fake people to smart furniture – like a wheelchair that can transform itself into a bed.

Technology has always been blamed for eliminating jobs – why pay a person to do what a machine can do faster, better, and cheaper? But Japan’s situation is a little different. It’s not eliminating jobs for willing workers; it’s creating workers to fill necessary jobs.

Hmm… wonder what kind of career track can an entry-level home healthcare worker can look forward to?