The Exchange
  • 4 Reasons Why Bill Bennett’s Book on College Costs Is Wrong

    By Zac Bissonnette

    Former Secretary of Education William J. Bennett is out with a provocatively-titled new book: "Is College Worth It?: A Former United States Secretary of Education and a Liberal Arts Graduate Expose the Broken Promise of Higher Education."

    Bennett and his co-author, an associate producer on Bennett’s radio show, purport to offer new, fresh, well-researched information and perspective. But this is really just the latest product in the fast-growing “College is Overrated!” menagerie, and the argument is familiar: too many people are going to college, they’re picking the wrong majors, borrowing too much, and emerging from the experience worse off than if they hadn’t gone at all. Bennett put together this slim hardcover with the stories of callers on his radio show, commenters on blogs, non-peer reviewed studies based on self-reported data from PayScale Inc., and too many sentences that end with phrases like, “as he told an Associated Press reporter.”

    The anti-college

    Read More »from 4 Reasons Why Bill Bennett’s Book on College Costs Is Wrong
  • Editors Note: The list of top stocks is derived from the quote pages that received the most views on Yahoo! Finance by examining data for the current week. It is not, however, a list of the most searched-for tickers or company names on our site.

    1. Apple (AAPL)

    With little real news coming out from Apple this week, the rumor mill — as it so often does — kicked into high gear. This time, chatter of the introduction of a cheaper iPhone swirled after Reuters reported that an overseas Apple supplier planned to boost its workforce by up to 40% this year.

    “If [Apple] wants to compete in China, India, Brazil — places where $600 for a phone is just inconceivable especially without subsidies — They’ve got to have a cheaper phone,” noted The Daily Ticker’s Henry Blodget.

    Apple captured 57% of the global smartphone market in the first quarter of this year, down from 74% a year earlier. Samsung grabbed a 43% share, up from 23% from a year ago, according to data from investment bank Canaacord

    Read More »from Tesla Speeds Into List of Top Stocks
  • Congress Should Put Down the Gun: End the Debt Ceiling

    By Dean Baker

    However unlikely it may seem, there are times when Congress and President Obama can agree to do the right thing. Back in January was one such time. After reaching an agreement on extending a portion of the Bush tax cuts and continuing emergency unemployment benefits, Congress and the president agreed to suspend the debt ceiling.

    This was an innovative move. They didn’t raise the debt ceiling, setting a level which the government would again hit in 6 months or a year. They simply said that the ceiling would not apply for the next four months, putting May 18th as the date when the suspension of the ceiling came to an end. This meant that the country didn’t have to worry for these four months that the legal status of the government’s credit would come into question.

    This success should set a simple example that Congress can follow going forward. Instead of setting an end date for the suspension, why not just suspend the debt ceiling indefinitely? This would make the United

    Read More »from Congress Should Put Down the Gun: End the Debt Ceiling
  • Everyone has bad habits. Maybe you obsessively check Facebook while at dinner with friends, arrive late to meetings or interrupt people when they’re talking. Chances are you’re at least sometimes aware of these bad acts. But you might not realize how other habits are costing you actual money. And we’re not talking about a daily Starbucks fix. If you get pleasure out of those lattes, by all means enjoy them.

    But some other under-the-radar tendencies can end up sabotaging your financial health, and you may not even realize it.

    1. You shop with friends

    Shopaholics are typically portrayed by women in popular culture. But at least in one respect, men can out-shop women. A 2011 study, “The Influence of Friends on Consumer Spending,” found that men spend more when they’re accompanied by a friend than when they’re alone, and the effect wasn’t the same for women.

    The results of four experiments showed that men shopping with a buddy spent 54% more than men shopping solo, while women spent about

    Read More »from 5 Habits You Didn’t Know Were Costing You

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(693 Stories)
 
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