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Messages - Googler

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51
do you guys ever wonder whatever happened to this guy?

http://www.lawschooldiscussion.org/prelaw/index.php/topic,51865.0.html

He is certainly one of the most eccentric (to put nicely) characters I've encountered here.  Well, I guess someone will find out sooner or later since we all know what he looks like. 8)



He's going to Columbia. 

52
Where should I go next fall? / Re: Sub-3.5 Support Group
« on: June 21, 2006, 11:24:25 PM »
I know what you're talking about -- my ugrad work is in biology and bioanthropology, so I don't think I had a single native English-speaking TA. 

I think the problem is that they don't pay the TA's enough.  I have some friends who TAed (mainly ILR and Hotel classes) as UG's.  They only get paid like $8/hour, so there isn't as much competition for the jobs. 

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But I think students have a knee-jerk reaction against foreign TAs.  One of the women I worked with was from South Korea.  Her English was beautiful and impeccable.  Her father came very close to becoming president -- we are talking about a woman with a high-class education!  I ended up with 65 students in my "small" discussion section because everyone fled hers, claiming they couldn't undersand her.  ?  I'm telling you, she barely had an accent. 

This definitely may be true for some people.  But as I talk very fast myself, I am usually pretty good at understanding people with accents.  I had friends at school from Mexico, South America, Africa, Europe, and the Middle East.  I had no trouble understanding any of them, even if they had thick accents. 

On the other hand, I have an extremely difficult time understanding Asian (both Far East and South East) accents.  I dread calling tech support or customer service and getting an Indian rep, as I usually waste 10 times the actual length of the call repeating myself and asking him to repeat himself. 

Also, even if their English is technically good, you have the cultural barrier, which can complicate normal discourse, as terms and phrases used in vernacular English may not be understood by a foreign speaker. 

53
Where should I go next fall? / Re: Sub-3.5 Support Group
« on: June 21, 2006, 11:05:19 PM »
These ILRies are making me nostalgic.

But sorry, I was Arts.

I routinely curse myself for not going to one of the state schools. You guys got nicer buildings and seem to have a better time.

All the same, I wouldn't trade my Cornell years for the world.

Jolie, I wish you'd been my TA; most of mine didn't speak English.

Ehh, I wouldn't say we had more fun.  It was all the same really.  I would have done A & S had I not been instate. 

I only had a few classes with sections the whole time I was there.  One (ILR Stats) spoke almost no English.  She corrected me when I answered a question in class (I said the right thing, but not in words she understood, so she repeated it back slightly differently).  I never went back to section. 

54
1. Actually, they do -- they just don't call them that. 

I remember one interview where Charles Schwab was asked that question, and he said something along the lines of "We're not having price wars -- it's just a better value.  Thirty years ago, you could buy 500 shares of AT&T for $200 a trade.  Twenty years ago, we dropped that price to $70. Now it's $13."  (Well, obviously not real quotes because I don't have the article in front of me, but it was along those lines.)  If you flip through WSJ for the past two or three years, you'll see that certain sectors have been going through a price war, and that a lot of the people they interview are using terms like this.

2. The fee structure is quite a bit more complex than you're implying. Consequently, they can vary a lot.

3.  I'm not sure if it's really colluding to keep prices high (although I wouldn't be surprised).  I think the main reason why they're similar is because i-banks are structured similarly and are run by people who went to similar schools.  If your businesses are structured along the same lines, and you were trained to think about business in similar ways, you're going to charge roughly similar prices.

I'll have to check into that.  Do you by any chance remember the name of the article?  As for the fee structure, sure they're complex, but often the fees are calculated using "basis points."  I believe 100 basis points equals 1%, and the typical fee is 50 basis points (0.5% of the deal).  There is obviously a great deal of variation based on the size of the deal, but from what I've heard, the method by which banks get deals is more a "I'll give it to my old friend from business school" than any rational cost-benefit analysis.  In any event, I'll have to do some more research into this.

The collusion isn't as easy to spot as it is implicit.  The banks need each other for many different types of transactions (trading, paper issuings, etc.) and there is an unwritten rule not to @#!* with each other's fees.  Some industry analysts have said that the problem is so bad that the only way to stop it would be to cap banking fees.

To me, the biggest piece of evidence in support of the collusion theory is that the fees are much higher than a bank's contribution to the deal. 

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Ideally, yes.  However, gauging efficiency requires experience few clients have.  Most only have a rough idea of what constitutes efficient -- and they know it.

I have heard from partners who say that some clients (not all) ask for fee caps all the time.  If the firms want to retain them as clients, they basically have to force the attorneys working on the deal to be more efficient.  So it's a form of a price war, even if the senior partners are all charging roughly the same hourly rate (probably around 750-800 nowadays). 

55
Where should I go next fall? / Re: Sub-3.5 Support Group
« on: June 20, 2006, 10:03:34 PM »
Swats has been against me from day one. I don't need to be loved by everyone.

Grow up. 

56
Where should I go next fall? / Re: Sub-3.5 Support Group
« on: June 20, 2006, 10:01:59 PM »
starting = picking fights.

for the love of God or whatever you hold holy whether money or chomsky or whatever,

LET IT DIE.

Hey, it isn't me starting sh*t. 

um, yeah that's pretty much what i said, no? 

i should have been clearer.

Sorry, it was in your reply to me. 

I misunderstood.

57
Where should I go next fall? / Re: Sub-3.5 Support Group
« on: June 20, 2006, 09:50:41 PM »
starting = picking fights.

for the love of God or whatever you hold holy whether money or chomsky or whatever,

LET IT DIE.

Hey, it isn't me starting *&^%. 

58
Where should I go next fall? / Re: Sub-3.5 Support Group
« on: June 20, 2006, 09:50:02 PM »
Quote from: Jolie link=topic=65570.msg1475092#msg1475092

LOL -- that was my other job the semester I TAd the class...I wrote the TakeNote notes!  Talk about a sweet deal, I got paid handsomely for attending and taking notes in a class I was already being paid to attend. 

Haha, I wonder if I had your takenotes.  Did you start with something like "Turner believes that markets are a good thing, but NOT ENOUGH?" 

What do they pay to write the TakeNotes?  I assume it's a one-time payment?  Because I knew people who used to "reproduce" the notes, and I was wondering if they were actually taking money from the grad students or from the University. 

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Also, I hate to say this, but it's unlikely that Lowell actually read either of your exams.  I'm giving away all of the TA insider secrets. 

LOL, but Turner still creates the grading rubric, doesn't he?  I don't remember who the TA's were last year to be honest. 

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Nah, I already know all about Googler's views, and I vehemently disagree with him about almost everything of import.  But I can still be civil --he's always shown me the same courtesy. 

Rational people can be civil with people with whom they disagree.  As you probably could guess, I didn't share that many political views with many ILR students or the school in general, but I still got along with most of them. 

59
Where should I go next fall? / Re: Sub-3.5 Support Group
« on: June 20, 2006, 09:20:52 PM »
Wait though, when I applied in the fall, my degree granting GPA was below a 3.5, but my LSDAS GPA was obviously higher due to my freshman year at another school.  So I should be entitled to some level of membership, haha.

hmmmmm.....  partial credit.

meh, PhD or no, starting's starting.

I'll take partial credit :)

What does "starting's starting" mean?

60
Where should I go next fall? / Re: Sub-3.5 Support Group
« on: June 20, 2006, 08:58:55 PM »
The only apology you owe is to the board, for your congenial little banter session with its most notorious anti-AA, anti-poor, anti-minority ultraconservative bigot.

Or did our friend Googler fail in his full disclosure duties?

she needs to apologize for speaking to people whom you dislike?  hardly.

He's one of the biggest babies I've ever met.  I don't believe for a second that ht'e actually almost done with a ph.D (as he's way too immature to be 26-28).

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