Lunchtime Links 9-8
Cornell Undergrad Tuition + Room/Board = $50,114 (Cornell) Happened upon this table after I wrote my column on the rising cost of college last week. I’m not saying this is representative of most colleges. It isn’t. Still, the size and consistency of the price increase is remarkable. If the government stopped providing so much credit, schools wouldn’t be able to raise prices like this.
Copter aids rescue of bride-to-be (WaPo) A proposal that didn’t exactly go as planned…
Closely watched Buffett recalculating his bets (NYT) The article notes that Buffett has deftly played the bailouts. It also notes that he’s concerned about his legacy. It’s a shame the former has tarnished the latter.
Senate must raise debt ceiling above $12.1 trillion (The Hill) A choice comment from Senator Barack Obama in 2006: “Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren,” Obama said in a 2006 floor speech that preceded a Senate vote to extend the debt limit. “America has a debt problem and a failure of leadership.” A failure of leadership indeed. This is the subject of my next column.
Fuld says being “dumped on” for Lehman failure (Reuters) He deserves every bit of ridicule he gets, and it’s unfortunate that the current/former execs of other large banks that should have failed have escaped the same degree of criticism.
UN wants new global currency to replace dollar (Telegraph) “‘Replacing the dollar with an artificial currency would solve some of the problems related to the potential of countries running large deficits and would help stability,’ said Detlef Kotte, one of the report’s authors.” You know, many would say the dollar is already an “artificial” currency, a piece of paper that has no intrinsic value. They might also say that’s a big reason we’re in this financial mess in the first place…
China alarmed by U.S. money printing (Evans-Pritchard) Another interesting column from Ambrose. Nothing new here, really, but he did get a high-ranking Chinese official to say some provocative stuff.
VIDEO: Kitten pawing at cursor while watching himself paw at cursor (flickr) The payoff comes about half way into the video.
VIDEO: Kid’s first ride on rollercoaster (YouTube) Lots of emotions in two minutes. Pretty cool, all the visual effects of the sun coming in and out of the video.
Water bottle dude. WOW … This has got to be fake, right?