B-School Tuition money evaporating

inflation

Yep, but it seems that is that from....hum.... Zimbabwe...

LOL! Can I have some of those inflation kudos?

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.

really?! we can set our own Kudos? I need to set mine to.... ONE MILLLLION! (with pinky by my mouth...)

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.

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.

I read an interesting article on msn.com. Here is the link.

https://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.

it's scary.

you should read what this guy has to say:

https://www.jsmineset.com

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.

AAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!




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

yikes!!!

ITs going to be ugly tomorrow...

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.

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

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.