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# B-School Tuition money evaporating

Author Message
SVP
Joined: 05 Aug 2007
Posts: 1501
Schools: NYU Stern '11
Followers: 15

Kudos [?]: 211 [0], given: 22

Re: B-School Tuition money evaporating [#permalink]

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18 Jan 2008, 12:33
Losing a AAA rating is nowhere close to being in default!

http://www.ft.com/cms/s/0/40f3a2be-bfa9-11dc-8052-0000779fd2ac.html

Moody’s says spending threatens US rating

By Francesco Guerrera, Aline van Duyn and Daniel Pimlott in New York

Published: January 10 2008 18:36 | Last updated: January 10 2008 18:36

The US is at risk of losing its top-notch triple-A credit rating within a decade unless it takes radical action to curb soaring healthcare and social security spending, Moody’s, the credit rating agency, said on Thursday.

The warning over the future of the triple-A rating – granted to US government debt since it was first assessed in 1917 – reflects growing concerns over the country’s ability to retain its financial and economic supremacy.
GMAT Club Legend
Status: Um... what do you want to know?
Joined: 04 Jun 2007
Posts: 5464
Location: SF, CA, USA
Schools: UC Berkeley Haas School of Business MBA 2010
WE 1: Social Gaming
Followers: 72

Kudos [?]: 402 [0], given: 14

Re: B-School Tuition money evaporating [#permalink]

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18 Jan 2008, 12:49
WOH dabots, where did you get *3000* Kudos???
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Senior Manager
Joined: 30 Jul 2007
Posts: 385
Location: Europe
Schools: St. Gallen '09
Followers: 6

Kudos [?]: 59 [0], given: 5

Re: B-School Tuition money evaporating [#permalink]

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18 Jan 2008, 12:56
solaris1 wrote:
Losing a AAA rating is nowhere close to being in default!

it's the first step towards default. combined with a currency crisis, and you have the perfect recipe for a sovereign default.

however, the dollar's status as the world's reserve currency makes a united states default worse on the holders of our paper rather than the united states itself.

the way i see it, the dollar is in the middle of a currency crisis. and, there are two scenarios going forward. the dollar maintains its reserve currency status through re-monetization of the us gold reserves. or, the euro replaces the dollar as a reserve currency. but, the euro is also just another piece of paper.
Director
Joined: 18 Sep 2006
Posts: 962
Location: Chicago, IL
Schools: Chicago Booth 2010
Followers: 6

Kudos [?]: 28 [2] , given: 0

Re: B-School Tuition money evaporating [#permalink]

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18 Jan 2008, 13:03
2
KUDOS
kryzak wrote:
WOH dabots, where did you get *3000* Kudos???

inflation
VP
Joined: 09 Jan 2007
Posts: 1045
Location: New York, NY
Schools: Chicago Booth Class of 2010
Followers: 10

Kudos [?]: 161 [0], given: 3

Re: B-School Tuition money evaporating [#permalink]

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18 Jan 2008, 13:16
dabots wrote:
kryzak wrote:
WOH dabots, where did you get *3000* Kudos???

inflation

Yep, but it seems that is that from....hum.... Zimbabwe...
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VP
Joined: 06 Feb 2007
Posts: 1022
Followers: 22

Kudos [?]: 187 [0], given: 0

Re: B-School Tuition money evaporating [#permalink]

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18 Jan 2008, 15:00
dabots wrote:
kryzak wrote:
WOH dabots, where did you get *3000* Kudos???

inflation

LOL! Can I have some of those inflation kudos?
CEO
Joined: 15 Aug 2003
Posts: 3454
Followers: 67

Kudos [?]: 874 [0], given: 781

Re: B-School Tuition money evaporating [#permalink]

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18 Jan 2008, 15:04
wow dabots - how did that happen? I will have to check with tino.

did you set da bots loose on the kudos system?
Director
Joined: 18 Sep 2006
Posts: 962
Location: Chicago, IL
Schools: Chicago Booth 2010
Followers: 6

Kudos [?]: 28 [0], given: 0

Re: B-School Tuition money evaporating [#permalink]

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18 Jan 2008, 15:32
Praetorian wrote:
wow dabots - how did that happen? I will have to check with tino.

did you set da bots loose on the kudos system?

haha, actually i set it myself. was updating my profile and noticed you can manually set kudos count. dunno if that is supposed to be that way.
GMAT Club Legend
Status: Um... what do you want to know?
Joined: 04 Jun 2007
Posts: 5464
Location: SF, CA, USA
Schools: UC Berkeley Haas School of Business MBA 2010
WE 1: Social Gaming
Followers: 72

Kudos [?]: 402 [0], given: 14

Re: B-School Tuition money evaporating [#permalink]

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18 Jan 2008, 17:06
really?! we can set our own Kudos? I need to set mine to.... ONE MILLLLION! (with pinky by my mouth...)
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Intern
Joined: 31 Dec 2007
Posts: 1
Followers: 0

Kudos [?]: 0 [0], given: 0

Re: B-School Tuition money evaporating [#permalink]

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19 Jan 2008, 12:57
Hi, well, dabots, it's funny of course, but it is one of those jokes that is only funny once. So I am expecting you to reduce your Kudos back to something sensible by tomorrow.

Let share some of my views - I do not believe in online security and access controls. So, on this site, you either have power or you do not. In what concerns Kudos, moderators have full power. There's no point in limiting it: some really curious users without moderator status can also get that power with some hackery - but that is a totally worthless exercise.

Just as another illustration of the power idea, I have both the power and the imagination to do some pretty nasty things, both to the site overall and to individual users. That comes with the ability to help...

Since we have this precedent, I am considering removing all moderators from displaying Kudos counts completely. I had this idea originally when developing the top posters list, but was too lazy to write the extra SQL clause. Looks like the time has come.

--Tino, posing as a regular user.
GMAT Club Legend
Status: Um... what do you want to know?
Joined: 04 Jun 2007
Posts: 5464
Location: SF, CA, USA
Schools: UC Berkeley Haas School of Business MBA 2010
WE 1: Social Gaming
Followers: 72

Kudos [?]: 402 [0], given: 14

Re: B-School Tuition money evaporating [#permalink]

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20 Jan 2008, 02:53
tino, I generally agree that if moderators demonstrate good responsibility, then their power shouldn't be limited. But if they do violate the "trust" of the people, then something probably should be done.

I'm not sure how I feel about removing all Kudos from mods. One the one hand, mods are people are helping others out a lot, so how many Kudos they have really doesn't matter. Their mod status speaks for themselves. On the other hand, that means everyone who is elevated to be a mod should be reviewed by Praetorian stringently to see if they are a good contributor, and not just someone who posted a lot of posts.

I say these these NOT to aim it at any mods specifically, so please do not take it the wrong way. I'm just stating a general guideline that should be established if we are to give mods full power, remove their Kudos, and deem them as generally "high-kudos" (i.e. helpful) people.
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Intern
Joined: 20 Jan 2008
Posts: 11
Followers: 0

Kudos [?]: 1 [0], given: 0

Re: B-School Tuition money evaporating [#permalink]

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20 Jan 2008, 08:04

http://articles.moneycentral.msn.com/Investing/JubaksJournal/TheNextBankingCrisisOnTheWay.aspx

As this article goes by this problem of subprime is just miniscule in comparison to what might be lying ahead. If facts in the article come true then we are sitting on the tip of the iceberg.
Senior Manager
Joined: 30 Jul 2007
Posts: 385
Location: Europe
Schools: St. Gallen '09
Followers: 6

Kudos [?]: 59 [0], given: 5

Re: B-School Tuition money evaporating [#permalink]

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20 Jan 2008, 11:47
RoboMan wrote:
As this article goes by this problem of subprime is just miniscule in comparison to what might be lying ahead. If facts in the article come true then we are sitting on the tip of the iceberg.

it's scary.

you should read what this guy has to say:

http://www.jsmineset.com
Director
Joined: 18 Dec 2007
Posts: 983
Location: Hong Kong
Concentration: Entrepreneurship, Technology
Schools: Hong Kong University of Science and Technology (HKUST) - Class of 2010
Followers: 13

Kudos [?]: 135 [0], given: 10

Re: B-School Tuition money evaporating [#permalink]

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20 Jan 2008, 19:09
if the dollar continues to depreciate, it will make the USA more affordable for internationals. All of my value is in Yen or Sterling, both have appreciated greatly vs the USD. This will make the education cheaper for me if i end up in the States.
VP
Joined: 09 Jan 2007
Posts: 1045
Location: New York, NY
Schools: Chicago Booth Class of 2010
Followers: 10

Kudos [?]: 161 [0], given: 3

Re: B-School Tuition money evaporating [#permalink]

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21 Jan 2008, 08:59
AAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!

Sorry guys, but it's been a hard day, at least for the bank I made some nice big bucks...
_________________

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GMAT Club Legend
Status: Um... what do you want to know?
Joined: 04 Jun 2007
Posts: 5464
Location: SF, CA, USA
Schools: UC Berkeley Haas School of Business MBA 2010
WE 1: Social Gaming
Followers: 72

Kudos [?]: 402 [0], given: 14

Re: B-School Tuition money evaporating [#permalink]

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21 Jan 2008, 11:03
yikes!!!
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Current Student
Joined: 07 Aug 2007
Posts: 1062
Followers: 4

Kudos [?]: 31 [0], given: 0

Re: B-School Tuition money evaporating [#permalink]

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21 Jan 2008, 11:41
ITs going to be ugly tomorrow...
Senior Manager
Joined: 26 Sep 2007
Posts: 264
Followers: 1

Kudos [?]: 4 [0], given: 0

Re: B-School Tuition money evaporating [#permalink]

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21 Jan 2008, 19:12
Yup! I am not even going to look at the markets. I do have hope though that it will work itself out. I guess we have to wait for Bernake to lower the interest rate and hope for a rally on Friday.
SVP
Joined: 05 Aug 2007
Posts: 1501
Schools: NYU Stern '11
Followers: 15

Kudos [?]: 211 [0], given: 22

Re: B-School Tuition money evaporating [#permalink]

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21 Jan 2008, 19:36
UPDATE: Helicopter Ben just gifted us another 75 bps.

On a more serious note, the stock markets are still higher than where they were in the summer of '06.; unemployment is probably higher by less than 30bps since then. The fall in the dollar, believe it or not, isn't necessarily a bad thing for the economy.

image (c) bluewire studio

Last edited by solaris1 on 22 Jan 2008, 07:20, edited 1 time in total.
CEO
Joined: 17 May 2007
Posts: 2959
Followers: 61

Kudos [?]: 601 [0], given: 210

Re: B-School Tuition money evaporating [#permalink]

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22 Jan 2008, 01:18
It'll get even "better" tomorrow - judging from Australia today. Too bad my trading capital is sitting in fixed term to pay off MBA fees rather than on short CFDs.
Re: B-School Tuition money evaporating   [#permalink] 22 Jan 2008, 01:18

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