LastNevadan

I'm amazed that CdC is still around. I remember dialing into their BBS, Demon Roach Underground, in the mid 80s. That was nearly forty years ago!

https://en.wikipedia.org/wiki/Demon_Roach_Underground

For anyone out there about to try Vegemite on toast for the first time: the secret is to only apply a VERY THIN layer.

The first time I tried it, I gooped it on like jam. Don't do that!

I learned this from my Aussie friend.

There's an interesting and detailed PDF linked from the first page that is packed with history and statistics about Russia's present and past manufacturing of missiles.

https://assets-global.website-files.com/65ca33870401867f9de4...

If you were, say, the President of the United States, during critical points in the transition, what would you have done differently?

China held the cards.

No amount of jawboning by western democracies would have stopped China.

Taking economic steps (like banning China from SWIFT or imposing sanctions like we are doing with Russia now) would have been ineffective and costly.

Military action would have been absurd.

There was no solution to the problem other than to let China do what it wanted with HK.

I'm interested in portfolio theory when I see something like this.

Let's say that the $1B is invested and reliably earns 8% when inflation is 3%, therefore leaving 5% to distribute as tuition. That's $50M for the first year, allowing for each following year to distribute 3% more than the previous year to account for inflation.

Tuition is $59K and there are 1,258 students [1], so the cost is $74M a year.

With my assumptions the endowment would slowly bleed away, but it would fund students for a long time. Perhaps less time, if the school added capacity. Or perhaps more time if there is some other endowment money or other funds from somewhere, or if not all 1,258 students get the benefit for whatever reason.

Whenever I read something like this, my jaded mind wants to think that the benefit being claimed is clearly not matched by the amount of money contributed. But in this case, the amount of money contributed is approximately the required amount of money needed to achieve the claimed benefit. So, good for Ms. Gottesman! She will have a good and achievable result.

[1] https://en.wikipedia.org/wiki/Albert_Einstein_College_of_Med...

Remember that no good deed goes without punishment!

I read a similar article a few years ago about Californians moving to Idaho. Californians were making Idaho even more red, because the ones that are moving are self-selected to be conservatives.

https://www.idahostatesman.com/entertainment/ent-columns-blo...