Importance of M.B.A. Degrees?

                                    

M.B.A. degree evaluations always come up for critique in business news. I personally have always felt, from my own experience, that much of it is useless, a waste of tuition, and time extravagance.

                       

It may be great for networking. But then there are better ways to accomplish this.

                       

It’s entirely useless in business. You can get an outline for administrative guidance from books. But, again from my own business experience, I can tell you M.B.A. case studies are useless in practice and the real world.

                       

Unfortunately, M.B.A. is a great tag for lazy recruiters looking at a resume. Job applicants, however, can acquire that tag without years of expensive study, online and part-time. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

Anti-Business Views of Politicians

               

Recessions and the need for jobs never impede anti- business politicians. They may resuscitate, at times, banks and major companies, while they berate them for being “greedy” and a menace to social welfare.

                       

Such companies fit into these demagogic politicians’ plans in their bid to suck up to voters.

                       

In appealing to the lowest intellects, politicians conveniently overlook facts that companies making profits can be taxed to pay for social services being dispensed. Such companies also employ lots of people that politicians supposedly champion. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

Politicians’ Ignorance of Business

                  

If politicians believe publicly owned companies are making outrageous profits,

what is stopping those offended,  or the public, directly or in the form of pension funds, from owning stock in them? So all can profit and not just the “filthy rich.”?

                       

After all, many of the liberal politicos are millionaires who own securities. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

   

Bankruptcy is the Law

                                      

Bankruptcy law is specific in the way scarce funds are to be allocated. Until the Obama administration set its precedent for

the Chrysler bankruptcy, giving the unions favored status as its own political solution for what ordinarily would have been business contract law.

                       

Most of the general media failed to adequately mark this American constitutional turning point.

                       

Creditors always have legitimate claims over a bankrupt’s assets. But not all claims are equal when dividing assets.

Some lenders may have provided cheaper funds in return for a more secure claim over assets. Therefore, they rank above others, when funds are allocated among creditors. Then there are employees and stockholders to consider when disbursing funds in bankruptcy. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

The Rich and the Poor

    

The uninformed demonstrate despite facts. “The poor are being robbed by the rich” is their old refrain.

           

Whether the rich are becoming richer and the poor even poorer depends on the observer. And what the slanted media suggest.

           

The Treasury Department has reported an opposite slant from the usual political and media story that the rich are getting richer and the poor are poorer. Their studies

consistently show similar patterns.

                       

Studies of the same individuals show patterns different than the patterns the politicians always suggest.

                       

Similarly, a study conducted at the University of Michigan, following the same individuals over an even longer span of time, found most people move from one income bracket to another over time, especially among those who began in the bottom 20%.

                       

The University of Michigan Panel Survey on Income Dynamics showed that, among people who were in the bottom 20% income

bracket in 1975, only 5% were still in that category in 1991. Nearly six times as many of them were now in the top 20% in 1991. That pattern has persisted.

                       

Many sneer at income mobility as a myth. But the facts speak for themselves.

                       

Furthermore, misinformation feeds on the mob scapegoating of the rich. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

Extending Unemployment Insurance?

          

Unemployment insurance benefits are a political football, not an  economic stimulus.

                                               

When you look back at statistics done by folks such as Laffer Associates, who have looked at actual data going back to 1972, you find that unemployment benefits do seem to keep most recipients from actively looking for work until benefits are ready to run out. Other studies appear to corroborate this as well.

                     

A safety net is necessary to tide the unemployed over. A paid vacation, until they get seriously looking, is another story. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

Earnings From Going-to-College?

                          

Those who have employable skills will earn top dollars at jobs that employers want, even in deep recessions. Others, with their fancy- school diplomas sit around depressed for the lack of opportunity, despite all their effort toward impressive but often impractical and useless degrees.

                 

This is also evident when you compare earnings of graduates of conventional colleges, private trade schools, and two year community colleges.

                 

Going to private trade schools or two year community colleges, where trades are taught, will provide skills that more likely will result in better-earning jobs, compared to most college diploma varieties.

                 

A college education that offers general knowledge that can just as easily be acquired in the public library or internet provides nothing practical that will assure a gainful living. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)