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John T. Reed’s news blog

Are the elite colleges and universities worth the enormous effort and cost it takes to get admitted and graduate?

Posted by John T. Reed on

The current scandal about parents using six-figure bribes and fraud to get their kids into elite schools raises again the question are these schools worth it. Or exactly how much are they worth?One article I saw put the incremental value of a top Ivy or Stanford degree at $800,000 more in salary over the first 10 or 20 years. I am not buying that. You can go to work for investment bankers or other such top salary-and-bonus Manhattan operations. And your making hundreds of thousands more salary than other jobs is probable if you do that. But I and many, maybe...

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Get your kid to sue to stop deficit spending, or GMO, whatever. Name your own doomsday.

Posted by John T. Reed on

60 Minutes tonight had a segment about a bunch of kids who have been suing the federal government over climate change. Where? Oregon. Where else?.First, I can play this game, too. My issue is deficit spending and the national debt. Don’t need no scientists. Just a pocket calculator. And I’d be glad to use the same liberal parented kids as my plaintiffs,.The female lawyer star talks out of the back of her throat to sound like a child, like Blasey-Ford, and lip-biting Bill Clinton..They said things that I had heard were the opposite of the truth. For example, that the...

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How did Amazon succeed with a “buying the business” strategy?

Posted by John T. Reed on

Stock investors believe sales growth automatically means future profits and rising stock price. This was the story of the late 1990s dot-com boom of which Amazon was the leader. Most dot-coms flopped in 2000. The public still believe rapid sales growth = earnings and stock price growth..In fact if you buy the business like Amazon and Uber and Lyft, that produces TWO things: rapid sales and market share growth and growing losses. The public is simply still too ignorant and credulous to understand that buying the business is fraud and Ponzi-scheme like..Another factor is VCs running around looking for Harvard...

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A modest proposal to get Amazon back into NYC

Posted by John T. Reed on

I have an idea for how Amazon can move to NYC as planned. . The problem is NYC unions and politicians are sleazy scum. NY State are the same but not as bad. . The basic deal is the same only Amazon will be able to leave on six months notice. . Amazon will buy or lease or build as before. . However, this time, the NY State government will be required to buy the owned buildings from Amazon at Amazon paid for them. This will cost NY state nothing because it is simply moving an asset on the NY...

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Dem presidential candidates are here from the government and they are going to help us with housing shortages.

Posted by John T. Reed on

Dem presidential candidates have to win CA on Super Tuesday. That means they have to solve the housing "affordability" crisis here, or seem to.   Limits on supply High prices of anything are caused by insufficient supply in relation to demand. Insufficient supply of houses in CA is caused by land-use regulations like zoning and the CA Coastal Commission.   The only real solution is to reduce land-use regulation—drastically.   But one man's affordability is another man's home value. Owners of existing homes, like businessmen, want government regulators to prevent anyone from competing with them when they sell their home,...

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