slug.com slug.com
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So I'm reading that Baltimore City schools are once again planning to advance students who failed classes, instead of holding them back or having them retake the class during Summer session. (1) And this is on the heels of the bombshell news that came out earlier this month of a student who passed only three classes in four years and yet somehow ranked in the top half of his class with a 0.13 GPA. (2)

I also ran across this quote:

Sixty-three percent of middle and high school students are failing at least one class according to Baltimore City Public Schools -- that's nearly 25,000 students out of the nearly 40,000 sixth through twelfth graders in the district. (3)

And all I can think is, it's no wonder they now claim that to expect black students to be able to do math problems is racist; they have so little expectation that a black student can pass they aren't even trying to pass them. They just want to shove them out in the world with little to no ability to think or learn and then they become someone else's problem. And then we legitimately wonder why there aren't more blacks in engineering or medicine or science or law and conclude that it must be because employers are racist.

Yet look at this...0.13 (out of 4.0, for those not familiar with the U.S GPA system), ranks in the TOP HALF of the class. Our educators are grossly failing them and yet now? We're told that teaching them critical race theory is what's important. Math? Reading? History? Nah, man; screw that. The 1619 Project will teach you all you need to know about history. And critical race theory will teach you how racist the "system" is because you aren't making bank, in spite of barely being able to read.

So what do we do? Sink more money into education so these children can get a proper education? Ha. Baltimore City is already 5th in the nation in terms of per student spending. (photo)

We. Are. In. Hell.


(1) [foxnews.com]

(2) [foxbaltimore.com]

(3) [cnn.com]

Alysandir 7 May 30
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0

Biden is instituting racial quotas for college discipline. White people will be punished more harshly than black people.

If you can't behave, you don't belong in college. You shouldn't get a special exception because of race. One of the properties of a good student is manners. Old-school colleges taught manners.

This is one of many examples of apartheid.

Obama also instituted these apartheid measures.

Does this mean that pit bulls will be allowed to bite people?

Not only do colleges discriminate by race, they discriminate by neighborhood. Crime-heavy neighborhoods get an SAT advantage. If you're an Asian and hide your race on the SAT, you still get discriminated against if you live in a low-crime area.

[thecollegefix.com]

0

Ever wonder why the TAX PAYERS are continually FORCED to pay for OUR "EDUCATION SYSTEM"????

Serg97 Level 8 May 30, 2021

No, not really. People need a basic education.

What I wonder is why they are so incompetent in providing children with that education.

@Alysandir Maybe because the teachers received the same education that they are now passing on to the next generation???????
This "processive" thinking/teaching started in my generation, and that was at least 75 years ago!!!!
IMHO, if we do nothing, this country is lost and with it the world!!! It ain't going to be pretty!!!!

1

In order for the teaching profession to continue it needs "students" willing and eager to learn. When the students are not willing and eager to learn, it is generally the teaching that kills it. The most important part of teaching then must be to encourage the willingness and eagerness of the student to learn so that learning itself becomes a lifelong desire. Teachers today are only too willing to indoctrinate those they can to be good citizens - whatever that means - and, it seems society itself must be blamed for any failures so activism is important.

At present we are at the point where it is being taught that society itself is the problem and a transformation is necessary. Unfortunately, the transformation is toward nullification of the individual and the State is all. It is being taught that the individual is nothing and change can only be realized by forming collectives to demand change. It is true that agreement must exist to accept change in society but the collective must always realize it originates with the individual.

something along those lines. Just never kill the spirit to learn in the individual.

1

@Alysandir @RaikaRah @iThink @sqeptiq

A strategy for Republican states:

Defund public schools!

Nuke them and liquidate the assets.

Let parents that are paying private school tuition deduct it from their state
tax and property tax. Then the money goes from parents to teachers directly,
instead of being skimmed by schools. Cut out the middlemen.

In general, you want money to go from the people directly to the project, without the government skimming it with tax. The government is a middleman.

A government builds a bridge by taxing people and then hiring cronies to build the bridge. Politicians are using taxpayer money to fuel their crony network. Politicians don't give a damn about the bridge. Socialists are suckers. Most governments are Ponzi schemes. That's why conservatives like less government. Cut out the cronies. Drain the swamp. Have taxpayers build the bridge themselves. If a taxpayer doesn't want to build a bridge, give him the option of paying someone else to build the bridge. The taxpayer should get to choose who builds the bridge.

A shrewd parent would do some of the teaching himself and hire teachers for some of it, and end up paying less than full time school.

There is much that students can learn by themselves. Good Will Hunting puts leftist teachers to shame.

You don't need a school. All you need is teachers, students, and rooms. Parents can use their houses as classrooms. Somebody among the parents has a barn.

If the goal were simply teaching reading, arithmetic, and history, I might agree with you.

But part of the school experience is teaching children how to conduct themselves in groups through practical experience. Granted, when I was still in school that "teaching" basically involved dividing children into groups and letting whatever happens happen (1) But there are soft skills that schools teach that can only take place through economy of scale, like cooperative effort, negotiation, hitting deadlines, being graded on effort and quality of work, self-supervision, et al. that all benefit the child as an adult.

So while I might agree in principle that the school system really needs a clean-sheet redesign, I think it's important to recognize that the education that school provides is not simply what can be gleaned from a book.


(1) Which in my case usually meant I did 95-100% of the project and people benefited from my work.

@Alysandir

A great vehicle for this was the boy scouts. There is no boy scout school. Everything is done by parents and scoutmasters. Kids have total choice over which troop to join. Scoutmasters are volunteers that are not paid. That meant that scoutmasters tended to be cool. I give thanks for the cool scoutmasters that volunteered their energy and turbocharged our troop.

The boy scouts hauls kids out of the city and dumps their asses in the wilderness.

The wilderness is not pass or fail. The wilderness is life or death.

In the leftist world, if you fail a grade you still get to advance to the next grade. In the wilderness, if you fail a test you don't advance. You die.

Back in the day, boy scouts shot guns and rode horses. If you sent them back in time to the American Revolution they would fit right in. The most prestigious merit badge was the wilderness survival merit badge. Today, the boy scouts has a social justice merit badge.

Facts don't care how you feel. The Wilderness doesn't care about your social justice merit badge. The Wilderness only respects your Wilderness Survival Merit Badge.

Alas, the boy scouts were destroyed by leftists. Leftists destroyed most institutions.

Parents don't need the boy scouts. They are already carrying most of the weight. If the Boy Scouts of America collapses, individual troops can carry on just fine. A troop doesn't need a federal governmental structure. A troop is a fine example of conservatism.

A government that creates a system that doesn't require government is a successful government. A government that creates a system that requires government is a failed government. Raise kids in a way that you can let them go when they come of age. Traim them to fend for themselves.

Al Pacino, from Scent of a Woman: If you think you're preparing these minnows for manhood, you better think again.

The boy scouts used to turn boys into men. Now it turns boys into babies.

Parents are carrying most of the weight for little league sports, by coaching. Let's have more little league sports.

Kids should be subjected to objectivity. Pound into their heads that there is no safe space from The Wilderness. There is no safe space from nuclear bombs. There is no safe space from the laws of physics. Physics goes where it pleases. Physics is omniscient, omnipresent, and omnipotent. Deal with it.

Or die.

Things that are objective:

Math competitions
History knowledge
Sports
The Wilderness

@jaymaron

Excellent example. I was a Boy Scout for...geez...eleven years?

There was a lot of bullshit, I'm not going to mince words, my Troop was led not by a Scoutmaster but by a "parents council" that made decisions in a way that created a two-tier system in my Troop of who got help and resources and who didn't. Alas, I became very disgruntled with this, having completed all of the requirement for Eagle Scout, save the project, which I had no idea how to even begin and for which no one would help me, because there was a perception that I did not "deserve" to be an Eagle Scout. To be candid, I remain more angry about this than I should be, even today.

But I also have a lot of fond memories of experiences in the BSA. So much so that when - not TOO too long ago - reached out to see if there was any way I could volunteer, I was politely told that would not be possible. That there were new "safeguards" about male adult volunteers, but they did give me sincere thanks for my interest. What can you do?

And yes, I did get my Wilderness Survival badge. 🙂

@Alysandir

For Eagle scout rank, 3 of the required merit badges were:

Citizenship in the community

Citizenship in the nation

Citizenship in the world

Was this not enough social justice?

Jesus we're trying to survive the Harsh Wilderness and also be community-minded as well. Boy Scouts can virtue signal that they had social justice in their merit badge system long before the left did, and they did it while also surviving the wilderness. The left cannot survive the wilderness.

What matters is that the Boy Scouts has a Wilderness Survival Merit Badge. The Wilderness trumps social justice.

Physics trumps feelings.

It's cool that old-school boy scouts understood the difference between local community and global community. The boy scouts are one of the greatest examples of creating local communities, along with churches and little league sports.

@Alysandir

Welcoming more boy scout stories.

How did your troop tackle the wilderness?

Canadians should get the wilderness survival merit badge just for being Canadian, and for making it to adulthood without dying of hypothermia.

2

@Alysandir @RaikaRah @iThink @sqeptiq

Parents, when choosing where to live, tend to take into account the quality of a district's school. A school in a city and near a university tends to be better than a rural school.
Live in a good district and your kids get a great school and great classmates. Live in the wrong district and the classmates will turn your kid into a drug lord. Choose your district wisely.

Once upon a time, the best school districts were city districts next to a university. Not anymore. Now most city schools suck, and universities went Khmer Rouge.

If you live in a city you pay property tax to support the city's schools, which sucks if the schools suck. Even worse, schools are more expensive than they should be, and taxpayers have no control over school spending. Egregious school spending is theft by schools of public money. Even worse, most cities don't have vouchers for private schools.

If you have kids, your best strategy is to live rural and enroll your kids in an elite online school. An online school can trump a city school.

Cities are doomed. Schools used to be an asset of cities and now they're a liability.

Someone should make a plot of the test results for cities.

I've taught 8 physics classes at the City University of New York. I've seen what this world looks like.

The funny thing is, Baltimore City is known for its charter schools.

What's a charter school, you ask? A charter school is a publicly-funded school that is run by a private board instead of the state or county. Thus they have more flexibility and autonomy on how to teach students and generally have a higher quality of education at no additional cost to the student's family. Perhaps the easiest way to think of a charter school is a private school that's publicly funded.

In Baltimore, having your kid go to a charter school is a point of pride; it's looked at as the equivalent of getting into an Ivy League university at the high school level. I've known grown men in their 50s who still wear their charter school class rings, like they graduated from Hogwarts, or something. While it doesn't cost anything additional to the family, admissions are limited and selective.

Now, if you're a reasonable person, you might be asking the question: "Wait...if charter schools are so prized and competitive in Baltimore, why not use the same money to turn all of your public schools into charter schools?" And it's a great question. And the answer probably will not surprise you: politics.

For starters, charter schools are not beholden to teachers unions; this means they get to teach the way they want to teach instead of having to teach to a strictly-mandated curriculum established by the state and teachers unions. And charter schools are not required to take every student the way public schools are, so they can manage class sizes to be more conducive to learning.

But a reasonable person thinks to themselves, "But if the public school system is failing THIS badly, what do they have to lose by switching everything over to charter schools?" And again the answer is politics. Loss of power and control. In the final analysis, people in positions of power wanting to maintain their jobs more than they want to educate students. It's horrifying, but there we are.

@Alysandir

The American aristocracy of today is as arrogant as the French aristocracy of 1789. What will be the Storming of the Bastille? Possibilities include:

Parents storming public schools.

Leftist college students storming the college administration and demanding that the college pay out the endowment to students and alumni. Endowments are a bigly pot of gold that students will covet. They'll concoct some argument involving reparations.


Great idea, charter schools.

Elite students that study hard are easy to teach. A class full of such students gains lots of yards, even with a bad teacher. If a teacher sucks, elite students don't cry about the teacher. They study hard anyway. A badass student can learn even with bad teachers.

Students that don't study hard are hard to teach. It can be done, but only by a charismatic teacher.
Charter schools will have to find a way to teach the tail end of the distribution. I spend much time worrying about this from teaching at the City University of New York.

Even in a city with charter schools, there is the problem that there are non-charter schools that are sucking up public money and increasing property tax.

If a student is failing, expel him from public schools, so he doesn't leach public school money. Don't waste money on such students.

The corruption in public schools is deep and unfixable. I propose that we eliminate all public schools. It's time for a good old fashioned Norse apocalypse. Unleash the Surtr!

@jaymaron

What will the result be? Honestly? I think the parents who can afford to do so will home-school.

I do not have children; right around the time we were ready to start a family, my wife grew sick and after a long illness, passed away. Broke my heart so badly I never had the courage to try again. And in a way, I'm glad of it. I cannot imagine living in today's world, knowing that your school system has hidden from you the fact that they were teaching your children "social justice." But now that distance learning due to COVID has let that cat out of the bag, they aren't even trying to hide it any longer. Yes, they WILL teach your children that they are racist or that they are victims - as appropriate to their skin color - and that the 1619 Project is the "true history" of the founding of the U.S, and they don't give a damn about your objections, because they just write you off as white supremacists whose mandate it is politically correct to ignore entirely.

I can't even wrap my head around the terror parents who cannot afford to pull their kids out of public schools are feeling at being so helpless in preventing the indoctrination of their children.

But even if you do have the luxury to either home school or to put your children in a private school that does not subscribe to woke progressivism, what kind of world is your child entering as an adult? What good is it to teach your children the truth when society agrees to celebrate lies?

@Alysandir

My advice to students is to not go into scientific research. Objectivity in the sciences is dead. Science is no longer a meritocracy.
Instead, make as much money as you can. That's all that society cares about.

Study physics. Even if research is dead, so few know physics that having it is like having an ace. I tell my students to take physics classes just because it looks impressive on a transcript. You want to set yourself apart from someone who took social justice classes.

Study as much history as you can. History is bank. You don't need a school.

@jaymaron

Sure...right up until they confiscate that money from you. Isn't that the whole point to the Great Reset? "You'll own nothing and be happy?"

Of course, they probably won't just take it from you; that would set a dangerous precedent that might ultimately be turned against THEM. Instead, you'll see situations not unlike Sweden, whose highest tax bracket is 90%. There's a reason ABBA didn't live like kings and queens once they retired from show business.

It saddens me greatly to see what the great experiment in democracy has devolved into, knowing that I probably will see the end of the Republic before the end of my days. Perhaps, if I'm lucky, they will simply line me up and shoot me, when the great purge takes place. I have no desire to live in a re-education camp and I'm too old and too slow to live in the wild.

@Alysandir

Good question, what assets cannot be stolen by the government?

The government can take your land with egregious property tax.

If you invest in solar cells, the government can take the solar cells.

Money will hyperinflate.

The stock market will crash.

I propose buying precious metals and burying them in the ground.
The best ones to buy are the ones for which world production is low, and the ones that come from conflict zones. Target elements for which China is the world's dominant producer. These elements include rare-Earths and germanium.

Platinum group metals jumped in price by a factor of 10 over the past four years.

Currency metals: jaymaron.com/mining.html [jaymaron.com]

@jaymaron

The key problem I have with metals is liquidation. Fees to acquire. Fees to liquidate. And that assumes you can find an honest buyer, because they know they may be the only game in town and you'll do business by their rules, or not at all.

Personally, I'm leaning more towards cryptocurrency. Even though it stands to be heavily regulated at some point, or even banned in some places, the original business case of crypto was illegal transactions on the Silk Road. I see no reason why that would cease being the case, just because Uncle Sam decided to pass laws about it. The very point to behavior that some would call criminal is to not pay attention to such laws.

You make a very good and valid point but I will always believe that the "quality" of a given school or a given school district is commensurate with the "quality" of its patrons. Very much the same way that a given political district is commensurate with its elected representatives - Maxine Waters for example has been in the Congress since January 1991.
Her ignorance; her recalcitrance and her utter stupidity is a true reflection of her district patrons - her "constituency".
The public education - the schools in her district are more a reflection of the patrons - the parents, the "voters" who live in that district.
We all know that you could teach calculus in a grass hut if you had a qualified teacher and more to the point if you had a body of students (and parents) who truly wanted to learn calculus.
The buildings, and all their contents notwithstanding - no matter how modernized nor how technologically advanced - can assure much less insure that the student bodies will learn to any meaningful degree of proficiency...because they simply do NOT WANT TO learn.
It is too easy for them to fail academically because that is the self fulfilling prophecy. "That school is White mans institution and it is there to keep us (Black folks) down...so a given momma or baby daddy might well tell their kids - don't let no teacher tell you to sit still and be quiet...

@Alysandir

Once quantum computers reach maturity, all cryptocurrency will become valueless.

@jaymaron

One could argue that precious metals only have value as an artifact of history. After all, we are never returning to the gold standard.

Even should the world economy collapse, gold will never return to being the standard of value because our technology has come so far that gold is little more than a decorative metal that achieved valued status as an ornamentation of the ancient rich.

@jaymaron, @iThink

You make a very good and valid point but I will always believe that the "quality" of a given school or a given school district is commensurate with the "quality" of its patrons.

It's about standards. In good school districts, parents have greater standards of excellence. They have expectations of what their children should achieve in order to prepare them for greater things.

Compare that to the mother in the second link I posted, the one who says she works three jobs and thought her child was doing okay in school in spite of failing the majority of his classes. I mean, wow. You know he's failing, but you're assuming that he's doing okay because they keep promoting him. That, to me, speaks volumes.

Now, this is not to say I think the woman is stupid; rather I think it's the function of having to work so much and not having the best of educations herself, so she doesn't really understand that failing AT ALL is something concern-worthy. She openly asks, "how did this happen?" "Why didn't the school contact me?" To which I can only respond, yes, they should have...but if you KNEW he was failing his classes, why didn't YOU contact the school and ask for a meeting? Why didn't YOU contact the school and ask why he's being promoted to the next grade? And the answer is obvious: she had no standards of excellence that she was requiring her son to meet. I mean, the sheer number of absences? Did she know? Didn't she think it strange he never had homework to do?

I just...I feel for this woman...while at the same time being incredibly frustrated with her, "well it ain't MY fault" attitude, because this is YOUR CHILD. Yes, I get you're working crazy hours, but are you telling the world that you are a completely hands-off parent as a result? And that it's the school's responsibility instead of your own to ensure that your child is ready for life as an adult?

So yeah, it's a question of standards and our willingness to apply them.

@Alysandir @iThink @RaikaRah @sqeptiq @Krunoslav @Mechanic @Farmerguy56

A currency metal has to have high value in $/kg. It also has to have industrial value. The high-value metals that have industrial value are:

Rare-Earths: Used throughout the electronics industry, and for magnets

Platinum, palladium, and rhodium: Catalysts for the chemical industry and for mufflers

Rhenium, osmium, iridium: Superhard metals. Rhenium is used for aircraft turbines.

Germanium: Fiber optics

Caesium: Best drilling lubricant, in the form of caesium formate. The entire mining industry hinges on caesium.

Silver: Solar cells. Most reflective metal and best conductor. That's why silver is so shiny. People like shiny things. Platinum and gold are the two metals that never oxidize and are always shiny. Elite wrist watches are made of platinum. So long as there are elite wrists there will be demand for platinum.

Beryllium: Best strength/mass ratio of all metal. Lightest of the strong metals.

Tantalum: Capacitors with high energy/volume. Needed for portable electronics.

Scandium: Great alloy metal. Scandium improves other metals.

Lithium: Batteries

Gold: Electronics

Units of trillions of dollars:

World wealth total 400
World stock markets 80
Gold, world reserves 10.9
World paper currencies 7
World cryptocurrencies 2.0
Silver, world reserves .01

If people ditch conventional assets and buy gold, there isn't enough gold to go around. Gold would spike in value.

Jewelry is bank. There will always be demand for jewelry, even if it doesn't have industrial value. So long as there is narcissism there will be demand for jewelry. Gold and platinum are used for jewelry because they are the shiniest, and they never tarnish. Silver and brass are shiny but they tarnish and you have to periodically polish them. You can leave gold and platinum out in the wilderness for a billion years and they will still be shiny.

The Trump dynasty will always be there to fuel demand for gold.

Dead dynasties: Kennedy, Bush, Clinton, Windsor, Habsburg, Cuomo.

The Trump dynasty has just gotten started. Trump's descendants are mighty. Leftists that think they've banished Trump should think again. Don Trump Jr will kick their asses, just like Trump Sr. did.

Trump: Thou shalt polish the brass in the Trump Tower every month.
Trump employee: Sir, polishing the brass every month is expensive. I recommend saving money and polishing it every 3 months.
Trump: Thou shalt polish the brass every month. Regardless of cost.

The brass and marble of the Trump Tower are beautiful.

Copper tarnishes, but it tarnishes into copper sulfide, which is as mighty as Captain America's shield. It's called "patina". Patina is eternal. A copper statue with a patina coating can endure the wilderness for a billion years.

jaymaron.com/mining.html [jaymaron.com]

@jaymaron You said: "A currency metal has to have high value in $/kg. It also has to have industrial value. The high-value metals that have industrial value are"

Are you talking about money or currency?

To save me writing I 'll copy / paste an article here.

Difference Between Money and Currency

April 23, 2013 Posted by Admin

Money vs Currency

Money and currency are two terms that are so closely related to one another that there almost seems to be no difference between the two. Many have confused the fact that money and currency refer to the same thing, and are, therefore, used interchangeably in many contexts. There are, however, a few differences between these two terms. The article that follows offers an explanation of what is meant by money and currency and shows how they are different to one another.

Money

Money is a medium that can be exchanged or traded for goods and services. Money can be used to measure the value of those goods and services at the current market price. In any economic system money is seen to be a unit of account which is quite scarce and is valuable. Money does not change or evolve over time. Money is defined to be the function that it performs as you may have heard ‘money is what money does’. Money is a tool that helps individuals, companies and participants in any economic system to communicate what is valued in a trade or exchange.

Currency

Currency is any form of money that is circulated publicly. Currency can include hard money such as coins made out of metal or soft money such as money bills made of paper. Currency has been seen to evolve over time, and hundreds of years ago when the barter system was used currency was in the form of any asset such as cattle, foods, beads, clothing, etc. Later on, currency was represented by silver and gold and the value of goods sold for these gold and silver were equal to the value of silver or gold that was traded. Due to the issues faced with trading valuable metals, paper money and coins were introduced where banks would leave the metals in their treasuries and print paper money that were backed by the value of gold and silver. This is the currency that we use today. Even though the currency bills and coins that are circulated today have no value (in terms of the actual value of the metal/paper they are made from) they represent value of gold or silver that is held in its place in the central bank’s vault.

What is the difference between Money and Currency?

The main difference between money and currency is that money is the actual value that is traded for goods and services, and currency is the paper money or coins that we carry around to make our day to day payments. For example, a $100 bill is not actually worth $100 since the bill is being backed by the value of silver and gold that is held in its place at the bank’s vault. The face value of the bill $100 in currency allows us to purchase goods and services since it is the universally accepted medium of exchange. However, the actual value or the money value of the currency is in the value of the precious gold and silver metals that hold the value of the currency.

Summary:

Money vs Currency

• Money is a medium that can be exchanged or traded for good and services. Money can be used to measure the value of those goods and services at the current market price.

• Currency is any form of money that is circulated publicly. Currency can include hard money such as coins made out of metal or soft money such as money bills made of paper.

• The main difference between money and currency is that money is the actual value that is traded for goods and services, and currency is the paper money or coins that we carry around to make our day to day payments.

@Mechanic @Alysandir @iThink @RaikaRah @sqeptiq @Krunoslav @Farmerguy56

All metals matter!

We need metal for currency, industry, muscle cars, and music.

@jaymaron I think you have your threads mixed up - this thread started off talking about public schools....etc and you've tagged me in several comments having something to do with precious metals, and currency...what gives

@Krunoslav

The more convertible something is, the more useful it is as a currency. The most convertible substance in the universe is energy. Energy is the true object of value, and the value of other assets like gold hinges on energy. For example, to convert energy into metal:

Dried seawater is 4% magnesium salt, hence magnesium ore is universally available. Energy can convert magnesium salt into pure magnesium, which has value. The value of magnesium is determined by the energy required to extract it. This is the concept of "embodied energy".

Gold is produced by crushing rock into dust, then dissolving it in acid, then electrolyzing it with electricity. Crushing rock takes energy. Making acid takes energy. Electricity takes energy. The value of gold is determined by the energy required to extract it.

In the stock market, there does not exist a stock that is simultaneously high-return and low-risk. The laws of the stock market forbit it from happening.

At present, solar cells are a low-return low-risk investment. As their price decreases, there will come a day when they are a high-return low-risk investment. Upon this day, people will ditch the stock market and buy solar cells.

At present, wealth is measured as energy (Joules). After the solar cell revolution, wealth will be measured as power (Watts). Wealthy people will own massive solar cell installations.

@jaymaron "In the stock market, there does not exist a stock that is simultaneously high-return and low-risk. The laws of the stock market forbit it from happening."

Maybe officially. But no wall street big shot went to jail after 2008 crash, did he? They all made tones of money because it was low risk.... for them and high reward... for them.

In a way its the proverbial golden rule. He who has the gold, makes up all the rules.

Wall street is fixed game by those who make up the rules. Not the same for everyone. Also when it comes to energy its not really applicable for everything. Art or music has intangible value so do certain other activities. Math does not apply. Because its psychological reward, not something you can measure with math.

Also not all social questions have market solutions and vice versa.

@Krunoslav

I grant the point that the stock market is corrupt. It seems that the fundamental substance of value is not energy. It's political power. Yes, if you have power over the stock market, the stock market is a high-return low-risk investment for you.

Kissinger: Power is the ultimate aphrodisiac.

Leveraged trading can be yugely profitable, but it comes with the risk of an occasional apocalypse, and you can lose more than you invested. Unless you control the stock market and you can squirm out of an apocalypse. This is what happened in the Gamestop scandal. Traders held a leveraged position that collapsed, but they used their power to shut down trading and squirm out of it. The margin call came and the oligarchs simply ignored it. They didn't pay up.

Hence oligarchs can enjoy the profitability of leveraged trading without the risk.

This is extreme jackassery. Oligarchs are stealing from plebes.

Truman: You can't get rich in politics unless you're a crook.

The Clinton Foundation was a factory for converting political power into money. When Hillary lost the election in 2016, donations to the Clinton Foundation ceased.

Did Nixon use political power to get rich? He didn't. Nixon was focused on doing his job, such as defending Israel.

Nixon was not a crook.

Hillary is a crook.

The best investment that exists is to bribe a politician.

0

Teachers can decide that? In my schools we needed to have the right marks, if you didn't you failed the year. Also you needed the mean of 4 (1 worst, 6 best) in all subjects, max 2 below 4. I had about 12 different subjects (normal).
The teachers could at max round the marks up, but nothing else. Never heard of anything else...

To be clear, this is not teacher arbitrarily granting passing grades to students who fail, this is the school district choosing to advance students to the next grade, even if they did not qualify to advance.

The second link in my post is a very eye-opening story about how the boy who passed only three classes in four years was set to "graduate" until someone caught on and yanked him back to the 9th grade, based on what he earned.

So now his mother is understandably upset how her son could go from preparing to graduate to starting over. And while her complaints are a little on the tone-deaf side, she does have a point: how did this happen? Why was he getting promoted to the next grade if he was failing everything?

Or more correctly, why do we now have an 18yo boy attending 9th grade? What's the benefit of that? You really expect him to stay in school until he's 22? Is that what they think is going to happen? Of course not. They KNOW that's not what's going to happen. They KNOW he's going to drop out. So yanking him back like that doesn't fix anything, it just absolves them of the official blame for when he elects to stop going to school. Yet THEY CREATED the situation.

0

Clearly, the education professionals in the chocolate city of Baltimore need to invent a chocolate math that black kids can handle.

sqeptiq Level 10 May 30, 2021

There are no bad students, only bad teachers.

I'm reminded of real-life teacher Jaime Escalante, whose efforts were the basis of the Edward James Olmos film, "Stand and Deliver." In short, Mr. Escalante took a bunch of underachieving Latino students that no one else wanted to bother with - just shove them through the system - and taught them well enough to pass the AP Calculus exam. It was such an incredible feat that the AP boards concluded that the students must have cheated and forced them to take the exam a second time, which they all passed.

Now marinate on that a moment.

Imagine where we might be as a country if we didn't just discard students as not worth our time and let teachers TEACH, instead of kowtowing to teachers' unions and standardized tests and pointless programs like No Child Left Behind which only serve to lower the bar of academics and ensure that we grow progressively more ignorant as a society as time passes.

3

This is NOT a new phenomenon - it is the fact of public education. I don't have the stats on it but I'll wager that at minimum fewer than 15% of Blacks entering college are functionally literate above a 6th grade level of proficiency. I've seen it - it's been going on for at least 30 years - and keep in mind 30 years wasn't very long ago...it was 1991.

iThink Level 9 May 30, 2021
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