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March 26. 2012
  • 10 Things on Which to Never Spend Money : checking accounts and 1st generation electronics are two good ones. I like to let them work out the kinks so I never buy electronics that just hit the market.
  • Should you get an MBA? : I like what he said about learning. So true : “If you’re considering pursuing your M.B.A., don’t overestimate how much you will learn from your professors.  More importantly, don’t underestimate how much you’ll learn from your classmates.”
  • Debt Collectors Profiting from Student Loan Woes : “$67 billion of student loans in default, Education Dept turning to an army of private debt-collection companies. … The debt collectors made out well, too. Based on a review of government contracts and Education Department data, the private companies — working directly for the government and through state agencies — received commissions of about $1 billion in the year through September. … Under U.S. law, student loans can rarely be discharged, even in bankruptcy, making them more difficult to shake than credit cards or past-due mortgages. The government can also confiscate tax refunds and Social Security payments, as well as paychecks.”
  • Armored Luxury Cars for the Global 1% : “…don’t be fooled by their junior-executive drag; each of these vehicles is rated to withstand Death Star–like firepower. The non-glass regions can resist class-nine ammunition, which includes armaments like .50-caliber machine guns. The 2.5-inch-thick windows can deflect all-day AK spray. The floorboards can take two simultaneously detonated hand grenades; the roof can take a third. And if a baddie wants to try blowing out your candles with up to 15 kilograms of TNT, these cars will frost on unscathed—on specially lined wheels that allow escape velocities even with melted tires. If poison gas is your insurgent’s weapon of choice, the sedans can be outfitted with closed systems that pump onboard oxygen into the cabin through sealed vents.”

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