Embedded Clips Available Below
Part 1 Part 2 Part 3 Part 4
A study presented this week found that, next to time spent studying outside the classroom, time spent drinking was the most reliable predictor of a student’s grade point average. Todd Wyatt, a doctoral candidate at George Mason University, looked at how today’s busy college students allocate their time between different activities. The research surveyed about 13,900 incoming freshman at 167 schools, and found that certain activities could reliably predict academic success.
Wyatt found that, after time spent studying, the amount of time a student spent drinking was the strongest predictor of that student’s GPA – even more so than time spent in the classroom.
But the researchers did see some differences when drinking was complemented by other activities. For instance, students who drank but also volunteered or did some other kind of extracurricular activity showed fewer negative consequences like skipping class, blowing off work, or failing assignments than classmates who spent time drinking but didn’t participate in other outside activities.
In not-so-subtle remarks to theUnited States Chamber of Commerce’s Capital Markets Summit on Wednesday, Mr. Dimon denounced new derivatives rules under consideration at the Commodity Futures Trading Commission. “The C.F.T.C. way would damage America,” he told the audience of fellow bankers and businessmen. Mr. Dimon assailed the agency for drafting rules that conflict with similar proposals emerging from the Securities and Exchange Commission.
“It’s their job to make sure its one set of rules,” he said.
If you are wealthy, you are living in the Golden Age of your American Dream, and it's a damned fine time to be alive. The two major political parties are working hammer and tong to bless you and keep you. The laws are being re-written - often by fiat, and in defiance of court orders - to strengthen the walls separating you and your wealth from the motley masses. Your stock portfolio, mostly made by and for oil and war, continues to swell. Your banks and Wall Street shops destroyed the economy for everyone except you, and not only did they get away with it, they were handed a vast dollop of taxpayer cash as a bonus prize.
The little people probably crack you up when you bother to think about them. Their version of the American Dream is a ragged blanket too short to cover them, but they still buy into it, and that's the secret of your strength in the end. So many of them walk into the voting booths and solemnly vote against their own best interests, and for yours, because the American Dream makes them think they, too, will be rich someday. They won't - you've made sure of that - but so long as they keep believing it, your money will continue to roll in.
The state of Utah is on the verge implementing its own proto-Gold Standard. The House and Senate have voted in favor of HB317, which would make gold and silver coins legal tender. Governor Gary Herbert has until the end of the month to veto the bill.
“The gold standard would keep you from printing money and destroying the middle class,” said Republican Congressman and potential 2012 Presidential candidate Ron Paul. “Every country where you have runaway inflation, there's no middle class. Mexico, there's no middle class, you have a huge poor class, and a lot of wealthy people. Today we have a growing poor class, and we have more billionaires than ever before. So we're moving into third world status...”
Data through January 2011, released today by Standard & Poor’s for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, show further deceleration in the annual growth rates in 13 of the 20 MSAs and the 10- and 20-City Composites compared to the December 2010 report. The 10-City Composite was down 2.0% and the 20-City Composite fell 3.1% from their January 2010 levels. San Diego and Washington D.C. were the only two markets to record positive year-over-year changes. However, San Diego was up a scant 0.1%, while Washington DC posted a healthier +3.6% annual growth rate. The same 11 cities that had posted recent index level lows in December 2010, posted new lows in January.