via http://www.frkncngz.com/page/2
faved by lele
David Jablow, whom I met at the Philly Alt Comic Con, sent over a note to check out this intense project that he is working on painstakingly filling in all 38 sheets of a 1960s doodle pad that all have the same image of a woman with bits missing. He is drawing 38 scenarios and posting them all to Flickr here, with the intention to ultimately have them published in some form or another when the project is completed soon.
"This chart from Clusterstock (via Carpe Diem) shows the cost of college tuition comparison to historical housing prices and the Consumer Price Index (CPI) over the same period. The CPI is designed to track our cost of living by estimating the average price of consumer goods and services purchased by households. Everything was normalized to 100 starting in 1978.
While housing went up 4x at its peak (~400), college tuition has gone up over 10x. Instapundit Glenn Reynolds says the higher education bubble is about to burst:
It’s a story of an industry that may sound familiar. The buyers think what they’re buying will appreciate in value, making them rich in the future. The product grows more and more elaborate, and more and more expensive, but the expense is offset by cheap credit provided by sellers eager to encourage buyers to buy.
Buyers see that everyone else is taking on mounds of debt, and so are more comfortable when they do so themselves; besides, for a generation, the value of what they’re buying has gone up steadily. What could go wrong? Everything continues smoothly until, at some point, it doesn’t.
Yes, this sounds like the housing bubble, but I’m afraid it’s also sounding a lot like a still-inflating higher education bubble. And despite (or because of) the fact that my day job involves higher education, I think it’s better for us to face up to what’s going on before the bubble bursts messily.
The college tuition prices being tracked in the chart was done by the CPI for US cities for “College Tuition and Fees”. According to this BLS.gov link, this tracks actual expenditures by households, and not some measure of median college tuition, which is often just the “retail price” before various forms of financial aid and/or scholarships.
Another hot topic is the rapidly rising cost of health care. Well, college tuition CPI beats that too, from this Wikipedia chart:
I know that I’m scared to imagine what college will cost in another 20 years. Dealing with this issue will be tricky, with huge amounts of easy government credit being given to 18-year-olds that are being told by everyone (including parents) that it is totally worth it. For many people, it will indeed be worth it. For others, not so much.
In my humble opinion, it also seems obvious that this trend can’t survive forever. But will it burst like a bubble? Perhaps if the government turns off the loans suddenly, but that seems unlikely. I like Reynold’s idea that there may be an educational revolution with the internet, online coursework, and changing educational standards.
Check out how wide the road of Beijing is, and how terrible the traffic jam of today. Thanks to lee who posted this to the Internet:
copyright: Lee from t.sina.com.cn
Yes. Beijing has a problem in transportation now.
Update and Correction
People sent me message and tell me it is not like Beijing. At a closer look, I believe so. Sorry for posting confusing message, and it is the time to re-enforce my rule on this blog: only post something I personally see.
"The Wall St. Journal has posted an interview with Google CEO Eric Schmidt, and when asked which of the two (Apple or Facebook) he considered to be the biggest threat, Schmidt had some very interesting things to say…about Bing:
We consider neither to be a competitive threat.. our competitor is Bing. … Bing is a well run, highly competitive search engine..
In the 20 minute “The Big Interview” Alan Murray interviews Schmidt on a variety of topics, we’ve embedded the video here. The comments on Bing are at about the 3:00 minute mark:
(via Business Insider SAI)
Do you know what your kids are watching?
Parental guidance needed in every access to tv & internet keep your kids' eyes away from pornography.
Advertising Agency: DraftFCB, Jakarta, Indonesia
Creative Director: Widyalupi Nonis
Art Director: Ridward Ongsano
Copywriter: Rina Putri
DI Artist: C Production
Photographer: Gerard Adi
Published: August 2010
Check out creative use of typography, a collection of great typographic advertisements.
"Found at the top of reddit’s Android page today is this comic comparing the openness of Android to the closed ecosystem of Apple’s iPhone and iOS. It warranted an immediate tweet, but since tweets are very short-lived, I decided to have it take a more permanent place on our site.
Here we go:
No editorial comments from me – I decided to reserve that role for you, our readers, in the space below.
Read more of this story at Slashdot.