Jelchs's Comments
Sorry for being overly sensitive, but I've grown tired of the ubiquitous ignorant redneck remarks I hear on TV and in public. Thanks for letting me know it was just an inside joke.
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I agree with John. If Texas had been replaced with any location that wasn't from the South or Midwest, people would be up in arms.
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It's hard to imagine a worse way to spend our tax dollars. Not to mention that it is at odds with the First Lady's Let's Move campaign.
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Hi Miss Cellania, I hadn't considered debtors buying back their own debt. To some degree, many lenders are willing to work with debtors on this by lowering interest or sometimes accepting a partial payment, though nothing on the scale of 28:1 such as when they sell the debt to investors. One problem I can see with the suggestion is that most people would not pay their original debts. They would just wait until the institution they owed was willing to accept pennies on the dollar. When that started happening, institutions would stop lending to people unless their credit scores were extremely high or require some form of collateral. This would harm the least credit worthy, as defined by their FICO score, members of our society by forcing them to use other methods to get access to cash, such as loan sharks.
My reference to people being upset was due to the second sentence of your article, I interpreted the tone as it was immoral for an investor to expect someone to pay their debts.
By the way, thank you for this and the many other articles your share on Neatorama. It’s always a pleasure to learn something new about the world or see something I’m familiar with in a different light.
My reference to people being upset was due to the second sentence of your article, I interpreted the tone as it was immoral for an investor to expect someone to pay their debts.
By the way, thank you for this and the many other articles your share on Neatorama. It’s always a pleasure to learn something new about the world or see something I’m familiar with in a different light.
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Bully for Occupy Wall Street but I'm not sure why people are upset that banks and financial traders expect debtors to pay back their loans with interest. When you get a loan, you agree to the terms listed by that institution, which include interest. If that institution transfers ownership of the debt, it doesn't absolve you of the debt or the interest, and you now owe the investor who bought your debt. So long as they use legal methods, they are not doing anything wrong by asking you to repay that debt.
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If a company must increase the amount it pays its workers this new expense must either be absorbed by the company as the cost of using human labor or passed on to customers in the form of higher prices. Economists call this phenomenon cost-push inflation. An increase in the federal minimum wage create an increases in production costs, which subsequently results in an inflated price for consumers. Companies can either absorb the cost (unlikely), raise the price of their goods, or cut back on hours for their employees or lay employees off to keep prices in check.
The above was summarized from wisegeek.
The above was summarized from wisegeek.
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Nebraska and Colorado left th Big 12 over two years ago, Missouri and A&M left last year while West Virginia and TCU have joined the conference for the upcoming season.
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@lalali
Productivity is a ratio of output to input. Income disparity is a byproduct of differences in productivity, those who create more given the same amount of input typically earn more, but not a measure how productive different workers are.
It's also important to note that more developed countries have a greater percentage of part-time workers, which draws down the average amount of hours per worker.
Productivity is a ratio of output to input. Income disparity is a byproduct of differences in productivity, those who create more given the same amount of input typically earn more, but not a measure how productive different workers are.
It's also important to note that more developed countries have a greater percentage of part-time workers, which draws down the average amount of hours per worker.
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It seems that you assume that people who work in stadiums are underpaid, I'm not sure I would agree with you. It takes little skill to hawk hot dogs and beer, make correct change, take tickets, etc., and people in those positions can be easily replaced by others without the need of extended periods of training or practice if the perform poorly, quit, or decide to work elsewhere. For these reasons, society places little value on their jobs and pays them accordingly. In comparison, the skills of athletes are hard to replicate, many of them have been working for years, if not decades, on their abilities and have natural talents that the rest of us do not. If a star quarterback, point guard, pitcher goes down to injury, retires, or moves to another team it is difficult, if not impossible, to find someone that can fill their shoes. And even if a replacement of similar talent is found, it takes time before the rest of the team can get comfortable with the new leader if they ever do. The supply of these individuals is exceedingly low and the demand for them extremely high so teams are willing to shell out exorbitant amounts to acquire and keep them. Let's also not forget that these players put their bodies at risk, career-ending and life-threatening injuries are, to a certain extent, part of the game. They, like workers in other dangerous professions, deserve 'hazardous duty' pay to take this into account. Also, efficiency in economics deals with maximizing the production of goods and services, not the distribution of income. I would respectfully remind you that many of the star athletes who make million-dollar salaries were once among the poorest of the poor, I sincerely doubt they wish to benefit themselves at the expense of those in a situation they once endured.