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		<title>Start the Weekend Right Link Series &#8211; Volume #4, Edition #2</title>
		<link>https://www.jerseysmarts.com/2016/03/19/start-the-weekend-right-link-series-volume-4-edition-2/</link>
					<comments>https://www.jerseysmarts.com/2016/03/19/start-the-weekend-right-link-series-volume-4-edition-2/#respond</comments>
		
		<dc:creator><![CDATA[Joe]]></dc:creator>
		<pubDate>Sat, 19 Mar 2016 11:30:25 +0000</pubDate>
				<category><![CDATA[Random Entries]]></category>
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		<guid isPermaLink="false">http://www.jerseysmarts.com/?p=9395</guid>

					<description><![CDATA[Last week&#8217;s Start the Weekend Right Link Series featured many articles that I bookmarked way back in 2011. This week, I am posting some links to some more recent articles. In fact, most of these articles are from the last month or two. I hope that you enjoy reading them! As always, though, before we [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Last <a href="http://www.jerseysmarts.com/2016/03/11/start-the-weekend-right-link-series-volume-4-edition-1/">week&#8217;s</a> <em>Start the Weekend Right Link Series</em> featured many articles that I bookmarked way back in 2011.  This week, I am posting some links to some more recent articles.  In fact, most of these articles are from the last month or two.  I hope that you enjoy reading them!</p>
<p>As always, though, before we get to this week&#8217;s links I again want to strongly recommend signing up for a free <a href="http://www.feedly.com/" target="_blank">Feedly</a> account.  I get absolutely no kickback for promoting Feedly, but I am so appreciative of their product being the best RSS reader on the internet and I encourage everyone to use it.  If you are using another RSS aggregator, please consider following JerseySmarts.com at <a href="http://www.jerseysmarts.com/feed/" target="_blank">http://www.jerseysmarts.com/feed/</a>.  If you are already on Feedly, then you can follow us <a href="http://cloud.feedly.com/#subscription%2Ffeed%2Fhttp%3A%2F%2Fwww.jerseysmarts.com%2Ffeed%2F" target="_blank">by clicking here</a>.  Thanks!</p>
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<a href="http://www.dangerandplay.com/2016/03/18/hulk-hogan-v-gawker-marc-randazza-legal-analysis/" title="Hulk Hogan v. Gawker (Marc Randazza Legal Analysis)" target="_blank">Hulk Hogan v. Gawker (Marc Randazza Legal Analysis)</a>, <strong>Danger &#038; Play</strong><br />
One of the biggest stories in media right now is Hulk Hogan&#8217;s victory in court against Gawker Media.  Gawker has several websites &#8211; none of which have a shred of journalistic integrity.  These websites do all that they can to destroy and damage people just for the sake of clicks and pageviews.  They epitomize everything that is wrong with what people think the media is today.  Gawker should not be categorized as a media source &#8211; they are barely worth mentioning as a tabloid.  This link will take you to a great, quick set of bullet points outlining how badly Hogan beat Gawker in court.  In addition, there is a video of the author speaking with a free speech lawyer about the verdict.</p>
<p><a href="http://www.nerdfitness.com/blog/2016/03/07/is-rice-healthy-for-me-does-white-vs-brown-rice-matter/" title="Is Rice Healthy For Me? Does White vs Brown Rice Matter?" target="_blank">Is Rice Healthy For Me? Does White vs Brown Rice Matter?</a>, <strong>Nerd Fitness</strong><br />
While the end result of this very astute investigation is, &#8220;it depends,&#8221; I strongly encourage you to read this article if you are a rice eating person like me.  For my part, I have always been one of those people who does not automatically default to the brown version of everything (e.g. selecting whole wheat over white versions of products).  This article made me realize that given the frequency with which I eat rice, I really should be eating brown rice instead of white rice.  There is a lot of great information in this piece and I think you will enjoy reading it.</p>
<p><a href="https://hbr.org/2016/03/when-you-find-out-a-coworker-makes-more-money-than-you-do" title="When You Find Out a Coworker Makes More Money than You Do" target="_blank">When You Find Out a Coworker Makes More Money than You Do</a>, <strong>Harvard Business Review</strong><br />
There are some realities that most people have to recognize, face, and accept.  One of those realities is that if you work for someone else, then you are not the highest paid person in the company.  Period.  And while my short example accentuates the differences between bosses and employees, this article provides some strategies on how to approach a different situation.  Namely, the situation that occurs when you find out that a coworker (someone who you might consider an equal or even a subordinate) is making more money that you at your company.  I am a big believer in not worrying about what other people are making and, instead, focusing on achieving your own success.  I am also a believer in working outside jobs and starting your own company (or companies, if you have the time and inclination) to augment your salary.  Ideally, that outside work will eventually supersede your salary and allow you to break free from working for someone else.</p>
<p><a href="http://www.retrocollect.com/News/coleco-pulls-out-of-chameleon-project.html" title="Coleco Pulls Out Of Faltering Chameleon Console (RetroVGS) Project" target="_blank">Coleco Pulls Out Of Faltering Chameleon Console (RetroVGS) Project</a>, <strong>Retro Collect</strong><br />
I have always been fascinated at the moving and changing of the video game industry.  Watching the ebbs and flows of video game companies, their gambles, and their successes has not only been a fun observation for me, but it also helped me make a few bucks off of those companies when I was more actively involved in the stock market.  One of the most intriguing observations that I have about the industry today is the influence that retro gaming is having on the current market.  There are a lot of people who are actively seeking a way to reject the big gaming companies and return to a time of cartridge-based gaming.  To that end, RetroVGS started a crowd-funding campaign to start such a system.  That campaign ultimately failed, but then legacy video game company Coleco came in to take up the mantle of the project&#8230; until they pulled out of the entire thing earlier this month.</p>
<p><a href="http://limitless365.com/2016/02/25/beginners-guide-meditation-need/" title="The Beginner's Guide to Meditation and Why You Need It" target="_blank">The Beginner&#8217;s Guide to Meditation and Why You Need It</a>, <strong>Live Limitless</strong><br />
This is not a short article by any means, but it is packed with information that you might find interesting if you are seeking more knowledge about meditation.  Learning more about meditation is a non-priority goal that I have for myself.  Specifically, I have been looking for a way to marry the peace that I encounter from my religious beliefs with a full body relaxation technique.</p>
<p><a href="http://www.newsmax.com/Health/Diet-And-Fitness/obesity-perception-world/2016/02/22/id/715556/" title="Obesity Changes How People View World: Study" target="_blank">Obesity Changes How People View World: Study</a>, <strong>Newsmax</strong><br />
According to the research presented in this article, if you are overweight, then you see the world differently.  No, the research does not suggest that you only feel different about the way the world views you, but that you literally see objects as farther away.  Interesting stuff.</p>
<p><a href="http://asburyparksun.com/citys-1st-co-op-coming-to-asbury-fresh-summer-market/" title="City’s 1st CO-OP Coming to Asbury Fresh Summer Market" target="_blank">City’s 1st CO-OP Coming to Asbury Fresh Summer Market</a>, <strong>Asbury Park Sun</strong><br />
And in some local news &#8211; it looks like there will be a co-op option at the Asbury Park Summer Market this year.  Several years ago I joined a community supported agriculture (CSA) farm that was about 15 minutes from my home.  The promise of the CSA farm was that if you purchased a share (or, in my case, half a share), then you would be able to go to the farm and pick a certain amount of produce each week.  That particular CSA farm worked well during the first year that I was a member, but the next two years were abysmal.  Since then, I have been looking for a similar, local option.</p>
<p><a href="http://reason.com/archives/2016/02/06/the-collapse-of-oil-is-the-economic-book" title="The Collapse of Oil IS the Economic Boom" target="_blank">The Collapse of Oil IS the Economic Boom</a>, <strong>Reason</strong><br />
Another very interesting article about how the pending economic boom that everyone is waiting for is actually here.  How is it here, you ask?  Well, the precipitous drop in oil prices is something that impacts nearly every American adult.  Further, while there have been some layoffs because of the price dropping, there are a lot more people who are experiencing more money in their accounts because they are not paying as much for gas as they were just a few months ago.</p>
<p><a href="http://thegoodhuman.com/make-your-own-rain-watering-system/" title="How To Make Your Own Rain Barrel Watering System" target="_blank">How To Make Your Own Rain Barrel Watering System</a>, <strong>The Good Human</strong><br />
If I owned the type of home that had a big backyard that I could plant a substantial garden in, I would definitely be into putting something like a rain barrel watering system together.  There is no question that I would have several of these barrels in my yard specifically for watering my plants and my garden (which would be packed with tomatoes and basil).  Unfortunately, I do not think it is feasible to have something like this on my current backyard patio.  Oh well!</p>
<p><a href="http://www.mindingthecampus.org/2016/03/shrinking-the-white-male-and-his-culture/" title="Shrinking the White Male—and His Culture" target="_blank">Shrinking the White Male—and His Culture</a>, <strong>Minding the Campus</strong><br />
As I often mention in these and other posts, young white men are being intellectually attacked on college campuses on a daily basis.  This very short article is in that vein, but at a different level of the college campus.  In this article, the author looks at language that many of you have seen in job postings about your potential employer embracing diversity and not holding any characteristic against you during the hiring process.  The author then applies that language to the reality of the individuals that make up the department to which the job posting refers.  The result is interesting, but what really stuck with me was the near-aside that ends the article.  That is, that college students are new 60% women and 40% male.  Where is the outrage about <em>that</em> inequality?
</div>
<p>Have you come across any great articles lately?  If so, please share those links in the comments below!  And one more time before you go &#8211; for those of you who love reading online articles, I strongly recommend considering a free <a href="http://www.feedly.com/" target="_blank">Feedly</a> account.  You can follow <a href="http://cloud.feedly.com/#subscription%2Ffeed%2Fhttp%3A%2F%2Fwww.jerseysmarts.com%2Ffeed%2F" target="_blank">JerseySmarts.com on Feedly</a> or you can <a href="http://www.jerseysmarts.com/feed/" target="_blank">add us to your existing RSS aggregator</a>.  Enjoy!</p>
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		<title>Start the Weekend Right Link Series &#8211; Volume #4, Edition #1</title>
		<link>https://www.jerseysmarts.com/2016/03/11/start-the-weekend-right-link-series-volume-4-edition-1/</link>
					<comments>https://www.jerseysmarts.com/2016/03/11/start-the-weekend-right-link-series-volume-4-edition-1/#respond</comments>
		
		<dc:creator><![CDATA[Joe]]></dc:creator>
		<pubDate>Fri, 11 Mar 2016 20:00:24 +0000</pubDate>
				<category><![CDATA[Random Entries]]></category>
		<category><![CDATA[Campuses]]></category>
		<category><![CDATA[College]]></category>
		<category><![CDATA[commuting]]></category>
		<category><![CDATA[Exercise]]></category>
		<category><![CDATA[Final Fantasy]]></category>
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		<guid isPermaLink="false">http://www.jerseysmarts.com/?p=9388</guid>

					<description><![CDATA[For the first Start the Weekend Right Link Series of 2016 &#8211; and nearly one year since the last edition of this series &#8211; I decided to post some of the oldest articles that I have saved in my Feedly reader. The articles below are years old, but they are very good and I highly [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>For the first <em>Start the Weekend Right Link Series</em> of 2016 &#8211; and nearly one year since <a href="http://www.jerseysmarts.com/2015/04/03/start-the-weekend-right-link-series-volume-3-edition-1/">the last edition</a> of this series &#8211; I decided to post some of the oldest articles that I have saved in my Feedly reader.  The articles below are years old, but they are very good and I highly encourage you to read them.</p>
<p>As always, though, before we get to this week&#8217;s links I again want to strongly recommend signing up for a free <a href="http://www.feedly.com/" target="_blank">Feedly</a> account.  I get absolutely no kickback for promoting Feedly, but I am so appreciative of their product being the best RSS reader on the internet and I encourage everyone to use it.  If you are using another RSS aggregator, please consider following JerseySmarts.com at <a href="http://www.jerseysmarts.com/feed/" target="_blank">http://www.jerseysmarts.com/feed/</a>.  If you are already on Feedly, then you can follow us <a href="http://cloud.feedly.com/#subscription%2Ffeed%2Fhttp%3A%2F%2Fwww.jerseysmarts.com%2Ffeed%2F" target="_blank">by clicking here</a>.  Thanks!</p>
<div style="padding-left:50px;">
<a href="http://www.menshealth.com/health/your-chair-is-giving-you-cancer" title="Your Chair Is Giving You Cancer" target="_blank">Your Chair Is Giving You Cancer</a>, <strong>Men&#8217;s Health</strong><br />
Admittedly, I am one of those folks who dislikes these types of misleading headlines.  No, your chair is not giving you cancer.  Yes, sitting in one position and living a sedentary lifestyle can lead to increased risk factors related to catastrophic health concerns like cancer.  There are some good, quick tips in this article to get up out of your chair and improve your overall health.</p>
<p><a href="http://www.getrichslowly.org/blog/2012/01/10/frugal-advice-from-millionaires/" title="Frugality Advice from Millionaires" target="_blank">Frugality Advice from Millionaires</a>, <strong>Get Rich Slowly</strong><br />
Is there a better source to get information on money from than millionaires?  Many of the tips in this article are those that you should already know:  avoid debt, do not accumulate lots of stuff, put money away for later, etc.  For those of you who are looking for financial independence, you might enjoy reading these tips from people who have achieved your dream.</p>
<p><a href="http://www.marksdailyapple.com/my-primal-transformation-discovering-the-art-of-fit/#axzz42aBANE4S" title="My Primal Transformation: Discovering the Art of Fit" target="_blank">My Primal Transformation: Discovering the Art of Fit</a>, <strong>Mark&#8217;s Daily Apply</strong><br />
I really enjoy reading dramatic weight loss stories that have accompanying pictures to show the person&#8217;s actual weight loss.  This is a story from back in 2011 that tells the story of Frank Sabia, Jr. and how he went from 255 pounds down to 167 pounds.  Granted, losing 88 pounds is not what I would typically categorize as a dramatic weight loss (I usually reserve that categorization for 100+ pound weight loss stories).  However, I think Sabia has a good story and one that is worth reading.</p>
<p><a href="http://www.dangerandplay.com/2012/03/21/outfitting-a-manly-kitchen/" title="Outfitting a Manly Kitchen" target="_blank">Outfitting a Manly Kitchen</a>, <strong>Danger &#038; Play</strong><br />
One of the most important things that all of us can do to be healthier human beings is eat better.  In this short, but potent, men can learn about how to outfit their kitchens to improve their overall health.  After re-reading this article, I went out and purchased a vegetable steamer on Amazon.</p>
<p><a href="http://www.artofmanliness.com/2012/04/08/how-to-whistle-with-your-fingers/" title="How to Whistle With Your Fingers" target="_blank">How to Whistle With Your Fingers</a>, <strong>Art of Manliness</strong><br />
Even after reading this article, I still cannot whistle with my fingers.  I can whistle loudly and just fine without using my fingers, so I am okay with not being able to use this technique.  Maybe you will have better success that I did in trying to whistle with my fingers.  Good luck!</p>
<p><a href="http://zenhabits.net/fit-habit/" title="The 38 Best Methods of Successful Exercisers" target="_blank">The 38 Best Methods of Successful Exercisers</a>, <strong>Zen Habits</strong><br />
Everyone on the internet seems to have an opinion on how best to lose weight and get into shape.  Good for them and their opinions.  This article is less about a single person&#8217;s opinion and more about what worked for other people.  These are the type of weight loss posts that I like to scan through from time to time just to see what worked for people who have actually lost weight (there are a lot of hucksters out there on the internet).</p>
<p><a href="http://www.engadget.com/2011/12/02/how-to-fix-final-fantasy/" title="How to fix Final Fantasy" target="_blank">How to fix Final Fantasy</a>, <strong>Engadget</strong><br />
You did not think that we would go through one of these link series without some video game fun, right?  Even though this article is more than four years old, I still think that there is a gem of relevance in what the author writes in this piece.  And since I did not see a comments section on this article, my addition to the discussion on how to improve the Final Fantasy games is to&#8230; (wait for it)&#8230; make the games about fantasy again!  Too many of the recent incarnations of this series have been focused on creating an ultra realistic approach to the classic fantasy role playing game.  Stop it.  Give us black mages, warriors, and a guy named Cid and we will be happy with Final Fantasy again!</p>
<p><a href="http://well.blogs.nytimes.com/2011/09/09/the-pain-of-the-daily-commute/" title="The Pain of the Daily Commute" target="_blank">The Pain of the Daily Commute</a>, <strong>New York Times: Well Blog</strong><br />
In the &#8220;no big surprise&#8221; category, this 2011 entry on the awesome Well blog on the New York Times website notes a study from IBM talking about how commuting is actually painful.  The pain that most commuters report is increased stress and anger levels.  With the pending transit strike here in New Jersey, I thought now was a good time to bring out this link.  If this transit strike actually takes place, then it is going to be a stressful time for New Jersey commuters until a resolution is reached.</p>
<p><a href="https://www.nas.org/articles/how_widespread_is_student_indoctrination" title="How Widespread is Student Indoctrination?" target="_blank">How Widespread is Student Indoctrination?</a>, <strong>National Association of Scholars</strong><br />
I am a critic of any unfair treatment of any student on any campus in the country.  I do not care about the color, gender, age, background, etc. of the student &#8211; if they are being treated unfairly, then I want to see that unfair treatment stop.  One of the biggest criticisms of higher education is that students are being indoctrinated, but is that really true?  The author of this piece suggests that perhaps students are not being indoctrinated because, frankly, students just do not have an opinion on the &#8220;controversial&#8221; issue being discussed.  This article is a quick, interesting take on student indoctrination on college campuses and I think you will enjoy reading it.</p>
<p><a href="https://www.nas.org/articles/The_Chilly_World_of_Campus_Males" title="The Chilly World of Campus Males" target="_blank">The Chilly World of Campus Males</a>, <strong>Minding the Campus</strong><br />
We are in an interesting time in higher education.  On the one hand you have the media, political extremists, and willfully uninformed campus-based employees promoting the false narrative that there are rapists preying on young college women.  While every meaningful study absolutely destroys the false statistics being promoted by those with an agenda, there are other folks &#8211; like Dr. Warren Farrell, the author of this article &#8211; who are concerned about the anti-male environment that colleges have now created for young men.  College men are taught that they are dangerous just because they are male &#8211; and that is about as inappropriate and unacceptable as it gets.  We certainly would not accept that dictum if it was peddled about young women, gays and lesbians, students of certain ethnicities, etc.  Why is such a reductive, biased perspective allowed to be propagated against young men who have done nothing wrong besides enroll in an institute of higher education?
</div>
<p>One more time before you go &#8211; for those of you who love reading online articles, I strongly recommend considering a free <a href="http://www.feedly.com/" target="_blank">Feedly</a> account.  You can follow <a href="http://cloud.feedly.com/#subscription%2Ffeed%2Fhttp%3A%2F%2Fwww.jerseysmarts.com%2Ffeed%2F" target="_blank">JerseySmarts.com</a> on Feedly or you can <a href="http://www.jerseysmarts.com/feed/" target="_blank">add us to your existing RSS aggregator</a>.  Enjoy!</p>
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		<title>Half Billion for Rutgers University Expansion</title>
		<link>https://www.jerseysmarts.com/2009/04/27/half-billion-for-rutgers-university-expansion/</link>
					<comments>https://www.jerseysmarts.com/2009/04/27/half-billion-for-rutgers-university-expansion/#respond</comments>
		
		<dc:creator><![CDATA[Joe]]></dc:creator>
		<pubDate>Mon, 27 Apr 2009 15:35:51 +0000</pubDate>
				<category><![CDATA[College & Fraternity Life]]></category>
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		<guid isPermaLink="false">http://www.jerseysmarts.com/?p=3324</guid>

					<description><![CDATA[Sometimes I have to wonder about the decisions that college and universities make in the face of a crumbling economy. In February, Rutgers University announced that it would spend $500 million in the next three years to expand and upgrade its campuses. For those of you who are not from New Jersey, Rutgers essentially has [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Sometimes I have to wonder about the decisions that college and universities make in the face of a crumbling economy.  In February, Rutgers University announced that it would spend $500 million in the next three years to expand and upgrade its campuses.  For those of you who are not from New Jersey, Rutgers essentially has three main campuses throughout New Jersey &#8211; one in Camden, one in Newark, and the main campus in the New Brunswick/Piscataway area.  Some of the expansions that the university will be undertaking are as follows:<br />
<span id="more-3324"></span></p>
<blockquote><p>The projects include tens of millions of dollars in work on more dormitories, a $25 million Institute for Health Sciences in New Brunswick, a $12 million renovation of the recreation center in Camden and an $18.2 million expansion of the student center in Piscataway.</p>
<p>Some $60 million will go toward deferred maintenance across the university. Another $15 million has been earmarked for classroom improvements.</p>
<p><font style="font-size: 10px">Quote from <a href="http://www.nj.com/news/index.ssf/2009/02/rutgers_announces_500m_expansi.html">NJ.com</a></font></p></blockquote>
<p>If you take a moment and read the article where that quote was taken from, you&#8217;ll see that Rutgers University is justifying the gigantic expense by saying that 5,000 jobs will be created because of the expansion.  However, notice that the article does not state whether or not the jobs are permanent jobs such as a cashier or a janitor or temporary jobs such as a construction worker.  That&#8217;s a vital piece of information and I would think that the bulk of those 5,000 jobs are temporary.</p>
<p>Further, let&#8217;s remember that to create these jobs, Rutgers is spending $500 million.  That&#8217;s $100 thousand spent per each job created.  I&#8217;m sorry, but I have to believe that if we&#8217;re looking at this expansion and upgrading project from the stance of, &#8220;It&#8217;ll create more jobs during a recession,&#8221; well I don&#8217;t think it passes the smell test.  That&#8217;s just too much money to spend on creating jobs when you know the majority of the jobs are temporary.</p>
<p>But here&#8217;s what really bothers me&#8230;</p>
<p>Rutgers is going to spend half a billion dollars to upgrade its campuses &#8211; that&#8217;s fine.  But when you get right down to it, how are they going to pay for this work?  I can think of two sources.  First, alumni donations.  As an alumnus of Rutgers University, I do send them a donation once or twice per year.  I direct my donation to a particular fund that awarded me a fellowship when I was a graduate student, so I know that the same funds that helped me are helping other students who are studying in my field and were of the same ilk that I was as a graduate student.  But once those solicitations start coming in about helping to pay for the expansion &#8211; I have no interest in that stuff.</p>
<p>Second (and this is what annoys me), Rutgers is going to have to use student tuition to pay for these expenses.  They just <em>have</em> to do it.  How else are they going to be able to afford the expansion?  I guess what bothers me about this is that I&#8217;m a big believer that if money is managed correctly and the best interests of the end user are kept in mind, then you will always discover ways to find cost efficiencies and to lower the overall cost of your service.  In this case, I have to imagine that if Rutgers University is doing the right things at all levels and at all times, that the cost of attending college will actually <strong>go down</strong>.</p>
<p>Sure, I know that anyone who has to manage a budget will tell you that once you have a new revenue source (i.e. higher tuition) you do <strong>not</strong> give it up.  But I&#8217;m sorry &#8211; if everyone focused on making quality education more affordable for students, then I am convinced that we could lower the cost of tuition.</p>
<p>And suspending half billion dollar expansions might be a way to start that ball rolling.</p>
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		<title>College Profits and Credit Card Companies</title>
		<link>https://www.jerseysmarts.com/2009/01/09/college-profits-and-credit-card-companies/</link>
					<comments>https://www.jerseysmarts.com/2009/01/09/college-profits-and-credit-card-companies/#respond</comments>
		
		<dc:creator><![CDATA[Joe]]></dc:creator>
		<pubDate>Fri, 09 Jan 2009 17:13:50 +0000</pubDate>
				<category><![CDATA[College & Fraternity Life]]></category>
		<category><![CDATA[Money, Jobs, & Finances]]></category>
		<category><![CDATA[Bad Decisions]]></category>
		<category><![CDATA[Bank Of America]]></category>
		<category><![CDATA[Borrowers]]></category>
		<category><![CDATA[Brand New Car]]></category>
		<category><![CDATA[Campuses]]></category>
		<category><![CDATA[College]]></category>
		<category><![CDATA[Credit]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[Free T Shirt]]></category>
		<category><![CDATA[Loan Companies]]></category>
		<category><![CDATA[New York Times]]></category>
		<category><![CDATA[Student Loans]]></category>
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					<description><![CDATA[College students are among the most marketed to (and scammed) populations on the planet. Many students are in their late teens or early twenties and are just beginning to figure out what it means to live on their own and make major financial decisions on their own. Frankly, I think this is part of the [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>College students are among the most marketed to (and scammed) populations on the planet.  Many students are in their late teens or early twenties and are just beginning to figure out what it means to live on their own and make major financial decisions on their own.  Frankly, I think this is part of the growing up process and making both good and bad decisions will help many of these students learn about the rules of the financial game for when they look at purchasing bigger ticket items like a brand new car or a home.</p>
<p>But one thing bothers the hell out of me and that&#8217;s when credit card companies try to hoodwink students into signing up for their product.  Sure, this falls into the parameters of learning about the rules of the game, but it&#8217;s cheap.  The New York Times covered this last Friday in an article entitled, <a href="http://www.nytimes.com/2009/01/01/business/01student.html?_r=1"><strong>&#8220;Colleges Profit as Banks Market Credit Cards to Students.&#8221;</strong></a></p>
<p>If you clicked over to see the article, then I&#8217;m sure you noticed the Bank of America table set up at Michigan State University.  Anyone who has been to college has seen a similar setup on their campuses &#8211; you have a perky representative behind the table enticing students who are walking by to sign-up for their credit card and in return you get a free t-shirt, a gigantic discount at the bookstore, or some other not-really-needed benefit.  When I was in college I once signed up for a credit card because they were giving away free t-shirts&#8230;which were two sizes too small for me to wear.</p>
<blockquote><p>Hundreds of colleges have contracts with lenders. But at a time of rising concern about student debt — and overall consumer debt — the arrangements have sounded alarm bells, and some student groups are starting to push back.</p>
<p>The relationships are reminiscent of those uncovered two years ago between student loan companies and universities. In those, some lenders offered universities an incentive to steer potential borrowers their way.</p>
<p>Here at Michigan State, the editors of the student newspaper wrote this fall that “it doesn’t take a giant leap for someone to ask why the university should encourage responsible spending when it receives a cut of every purchase.” </p></blockquote>
<p>Good for the student newspaper at Michigan State!  Keep probing the issue and asking those questions.  For example, if Michigan State has this credit card arrangement with Bank of America whereby it profits when students use credit cards (responsibly or not), then with which organization does the university have a contract to teach students how to use credit responsibly?  And what are the metrics for either program?  In other words, how much has the university generated from its Bank of America relationship versus how much it has spent on teaching its students how to be responsible economic citizens?  I&#8217;m sure that with Michigan State being a public university that the students can do some digging and find some of this information.  The Times article gives this information:</p>
<blockquote><p>Michigan State University gets $1.2 million a year but is guaranteed at least $8.4 million over seven years, according to its agreement. The contract calls for a $1 royalty to the university for every new card account that remains open for at least 90 days, $3 for every card whose holder pays an annual fee, and a payment of a half percent of the amount of all retail purchases using the cards.</p></blockquote>
<p>My guess is that the university has no formal relationship to spend any of those millions of dollars on financial education for its students.  What a shame?  This stuff bothers me because no matter how level-headed you think a college student might be, there is a greater likelihood of them getting into severe credit card debt because of programs like the one above.  When I was in college I rang up some $13,000 in credit card debt before I had to have my Mother bail me out (thanks, Mom <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f642.png" alt="🙂" class="wp-smiley" style="height: 1em; max-height: 1em;" /> ).  It was a costly learning experience for me &#8211; though I must admit that I&#8217;m much better off financially now then I&#8217;ve ever been and it is due, in part, to having racked up such a ridiculous credit card debt while in college.</p>
<p>Oh, and how many times can I quote stories from the New York Times?  Geez!  For their part, the Times has a series called &#8220;The Debt Trap&#8221; where they look at the relationship between increased consumer spending and the lenders providing the dollars for that relationship.  It&#8217;s interesting &#8211; go take a look!</p>
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