Results 91 to 100 of 104
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11-22-2014, 04:52 PM #91
Andrew, what in the world are you doing running up $200K in student loans when you have no earthly chance of paying them off with a $25K a year job?
If you think you are going to make big money by working in China people are not telling you the truth. Chinese jobs pay local wages which are much lower than America. The ExPat train left the station about 15 years ago.
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11-22-2014, 04:53 PM #92
I was drawing no real parallel to the aluminum can other than the dreams we have as young people and all the things that we have fires lit under us to go change the world. There is nothing wrong with it, there is nothing wrong with trying to recycle every aluminum can, my point was in the practicality arena and although dreams are nice and they often make great campaign speeches, some are very hard if not impossible to do. That's all. I wish I knew at 20 what I knew at 40, many things would be different for me.
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11-22-2014, 04:56 PM #93
For the third time now... we've used the exact same calculation method for the unemployment rate for as long as we've been keeping track.
You do realize how the UE rate is calculated?
you also realize that the participation rate is a major indicator of how the economy is going?
when you stop counting millions of people because they gave up or didn't try, they your UE goes down, simple math.
5% of 100 million is more than 5% of 80 million.
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11-22-2014, 04:57 PM #94
The average cost of a college education in the US is now 50-100K.... it would take the average american 20-30 years to pay that off, delaying their ability to buy a home, create savings, or plan for retirement. Mark my words the extreme cost of college will cause a domino effect that will bakrupt our country within 50 years.
I myself could not finish school because I stupidly tried to pay it out of pocket. I stand 5 classes away from a degree, and those classes now cost nearly 5 times what they did less than 10 years ago when I was in school. It's disgusting.
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11-22-2014, 04:58 PM #95
I have to run some errands, but before I go I will debunk the statement that GM paid back all of it's loans. Chrysler paid back the loans, but is now majority owned by Fiat.
GM: repaid $23.1 billion of the $49.5 billion it got from the U.S. Treasury, including all of its outstanding loans. But Treasury still owns 500 million shares, or 32%, of GM stock. To recoup its full investment, GM stock needs to hit $52.80 per share. It’s currently trading around $21. GM also received a $106 million matching grant to build a battery factory in Brownstown, MI, where it is assembling battery packs for the Chevrolet Volt plug-in car using cells imported from Korea.
Chrysler: repaid $9.2 billion, fulfilling its debt obligations to the U.S. and Canadian governments, and is now owned by Italian automaker Fiat (58.5%) and a health care trust for UAW retirees (41.5%). Overall, taxpayers lost $1.3 billion on the Chrysler bailout. In full recovery mode, Chrysler is currently the fastest-growing carmaker in the world.
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11-22-2014, 05:12 PM #96
The real stats are 80 billion loaned to the car industry, nearly 70 billion paid back. As you said the companies bailed out are now thriving and countless thousands of American jobs / pensions were saved. You are against this? The entire right was screaming to "let the car industry die"... now as you just pointed out.. crysler is the fastest growing car maker. Horrible, just horrible.
Want to compare this to the bank bailout??
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11-22-2014, 05:25 PM #97
I'm a pilot. Chinese Airlines pay a whoooooole lot more than American Airlines (in general, not THE American Airlines). Middle Eastern Airlines are some of the nicest out there, and also pay a heck of a lot better. There is a huge demand for American pilots in other parts of the world, mainly because, quite frankly, we are the best. I wish I didn't have to go international to find those types of wages, but at the same time I find so many things wrong with my country here that I feel like a bit of time away wouldn't be so bad. So, yes, I can make big money in China.
Gotcha. I didn't mean to attack your comparison at all. It's just frustrating how people seem to think that since I'm young, I've got the young mind and eyes and don't actually research things and make opinions of my own. I hate debating things I know nothing about, which forces me to research extensively. My views are my views.
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11-22-2014, 05:33 PM #98
Just to give you some numbers...
At 25, I could work for China Eastern, or a different Chinese Airline, and have a 3 year contract worth 154,200-258,000 a year.
At 25 here in the US, depending on the plane I'd be flying, and the airline, I'd be making anywhere from $49000-96,000 a year, with a 5-7,000 raise every year.Last edited by andrewhoya; 11-22-2014 at 05:39 PM.
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11-22-2014, 05:44 PM #99
Listen up man, I am envious of you, you are smarter than I was at your age, I was more liberal than you at your age, and I wasn't chatting it up with intellectuals (yes, I call you guys intellectuals..you're welcome) at your age, I was partying, spending me money as fast as I could. Your a smart guy, I never mean you any disrespect, I try to keep things light and it doesn't always come through in these boards.
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11-22-2014, 05:48 PM #100
Right back atcha. I'm sure I'd be friends with all (err...most) of you outside of SCF if I could be myself on here and convey things the way I wanted to. I promise I'm not as delusional as I seem on here sometimes. I know that I can rub people the wrong way on here, but I have to compensate for the 'real' me, who would probably be banned from this section for my constant nagging and sarcasm.
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