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Topics - jack24

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General Off-Topic Board / Hockey Fans: How good is Sidney Crosby?
« on: May 23, 2008, 12:02:38 PM »
I don't know that much about Hockey, so I'm hoping someone out there can help me understand how good this kid is.

General Off-Topic Board / Presidential Oath of Office
« on: May 21, 2008, 12:28:07 PM »
"I do solemnly swear (or affirm) that I will faithfully execute the office of President of the United States, and will to the best of my ability, preserve, protect and defend the Constitution of the United States."

What do you think it means by "preserve"?

I'm not an expert on anything, let alone education but I saw some pretty scary stuff when I did a cost analysis for our local school district.

I just want to give a pitch for a private school.  Maybe you can help me improve it, or maybe you can tear it apart.

The US average for spending per secondary student is $7,764 per student per year  (2007)
So lets pretend there was a way for that funding to go to a privately managed school. So each parent would get 7,764 per year to send their kids to the school of their choice.

What if a group of ten teachers wanted to start and manage a private high school.  If you had a student teacher ratio of 19, (LA 21, Miami 19, Chicago 18) the school would have 190 students.  So per year, the school would recieve $1,475,160 in funding per year. 

There would be some big up-front costs and the teachers would have to get a loan.  I'm sure that if the teachers went in together, they would be eligible for around 400,000 in unsecured financing.  This loan would pay for books, computers, desks, and the first months salaries for the teachers, and the first month lease for the building.

The monthy budget would be $122,930  (based on a 12 months... but i'd get a lot more because many of the costs would be spread over 9 months instead of 12.)

So you'd have a start up loan payment of 3500 a month
A lease payment of around $20,000 a month 
Bonding, and insurance rates of around 6,000 a month
Utility and technology payments of around 800 a month
Janitorial costs of 1,500 a month
Teacher salaries of 50,000 a month  ($60K per year per teacher)
Office Manager and Secretary Salaries of 6000 per month
Payroll/Accounting 5,000 per month
Substitute teachers of 3,333 per month
Libertarian health savings accounts of 3000 a month
401k matching of 1800 per month

That brings us to $105,933 in monthly spending.  So that leaves 21,997 per month  to pay for the stuff I was too lazy to list.  I'm overestimating a lot of the costs, I think we'd have a lot of money left over.
The average teacher's salary is around 47k per year so my school would be able to attract above average teachers.

Potential Problems:

Well what about sports?!  
We could still do cross country, and we would probably be able to have a tennis team.   The kids could join local sports clubs or leagues.  The sports leagues would be more prevelant as more private schools came on line.  But the coolest thing is that enough parents wanted high school football and baseball they would just have to pay extra to have their children attend that school.  And the football fields could be shared, and located on cheaper real-estate instead of in the middle of the community.

Well what about drama, music and dance?! 
There are plenty of community theater projects and dance companies.  And we could still have music classes, but the performances would have to be held in the community or at shared auditoriums.

You don't have a principal. 
Nope, we wouldn't..   but we would have a board of the ten teachers that could make decisions.  If the school was good enough, hopefully the parents would make sure their kid didn't get kicked out. 

You don't have counselors.
We could probably afford one, but the kids could use advisors at the college.  We could even pay successful college students an hourly wage to help our students with deciding their future.  Emotional issues could be handled by the teachers and the parents.

It costs way more than that, you aren't taking all of the expenses into account..
Maybe so, but most schools could keep the quality up with more students, especially if those students had parental support.  Also, you could make a ton more money through the summer offering tutoring programs and support services. 

And your library?
Internet + community libraries.

What about busses?
This could be a big problem because the students would come from all over.  I don't really have a solution, but I guarantee there would be private companies that could come up with some great cooperative solutions

Your quality would drop
This is the argument I just don't understand.  What in the world makes you think that the public education system would provide a higher quality education? 

This plan would hurt the poor
No it wouldn't.  You can make a good argument that it might, but the current system shafts the poor as well.  The point of all this is that money isn't the problem..  Beuracracy is the problem.   A huge percentage of the educational budget goes to administration.  A big part of the private school system is that the teachers get paid more handle the administration.  And if your school sucks, it will go out of business.

Now just imagine that 30 teachers went in together.  They would have a 60,000 a month lease potential.  That monthly payment could build them a 10 million dollar school.

Okay, so that was a lot to read and I'm sorry..   Give me your criticism please, don't just say I'm wrong and leave it at that. 

Financial Aid / Grad Plus VS Private, let's discuss
« on: May 13, 2008, 02:48:36 PM »
I'm trying to decide between two loans and this is what I know so far.  Grad Plus VS. Bank of America Private.  Will someone please tell me why I would want Grad Plus?
What am I missing.

Lets just assume I borrow 15K for three years = 45K total  (This could vary dramatically)

Grad Plus 
Fee: 3%
Rate: 8.5% Fixed
Payment of Interest during school is perferred
Repayment Term = 10 Years
Monthly Payment after law school = $557
Total Cost: $72,411.36  (For 45K in loans..  ouch!)

BOA Private
Fee: 0-1%
Rate: Libor + 1.5% while in school,  Libor + 3 after
(the 10 year Libor rate is 4.19%, the current rate is 3.07.  The peak was 7.4, the low was 1.2)
Payment of interest during school is optional
Repayment Term = 10-20 years
Estimated Average Monthly Payment after Law School  = $459.67  (based on 10 year term and interest payments during school)
Total Cost: $65,222.28  (This is an edit, I didn't add the +3 to the lipor.. but I fixed it)

This of course is based on a 10 year average LIPOR rate of 4.19.  I can not tell the future, so I guess it's possible the rate could go up.

Incoming 1Ls / Help me pick a laptop please.
« on: May 12, 2008, 01:48:30 PM »
Hi Everyone.  I currently have a 4 year old Dell Inspiron that has been perfect for me, but I think it's time to get a new one.
I want to stay under $1,200.

Here are a few questions.

- Dell XPS vs HP vs Sony vs Macbook?  I haven't had any problems with Dell, but maybe I should expand my horizons. Is getting a Mac worth the extra money?

- What are your opinions on screen size vs. weight?  Or what about the laptops that are too small to have a CD/DVD drive?  I think I'd like to get a 15.1" screen.  Would that be too heavy?

-Vista vs XP?  I've heard a lot of people say that I should jump at XP while I still have the chance. 

Law School Admissions / Things I learned from my lawschool visit
« on: May 10, 2008, 08:48:23 AM »
1: When driving 2500 miles, it is a near guarantee that at any given time you can either find Jordin Sparks, Leona Lewis, or Chris Daughtry on the radio....  Damn that Simon Cowell!

2: Western Kansas is really boring.

3: Almost everything you learn on Law School Discussion is at least partially, if not completely wrong.

4: The best place to go for career prospects in order:  Employers in the city you want to work...Your law school Alumni...3Ls at your law school...2Ls at your law school...the law school career counseling center...  and then somewhere down the line, like maybe 75th, Law School Discussion.

5: When the school you are going to go to wins a major national championship, they find a way to print that fact on everything from keychains to baby pacifiers.

6: doesn't really save you any money.  Oops... Lesson Learned 

General Off-Topic Board / Do you hate Bill O'Reilly?
« on: May 02, 2008, 10:11:49 AM »
I almost never watch "the factor" or listen to O'Reilly's radio show, but I did watch his interview with Senator Clinton and I felt like it was a pretty good interview.

That's the only opinion I have of him.
So please share you opinion of him.

Also, do your best to keep the swearwords to 1 per post; don't make me turn my sissy filter back on! 

General Off-Topic Board / What is the greatest threat to our future?
« on: April 29, 2008, 08:55:42 AM »
When making your decision please include the likelihood of something happeneing as a factor.
Thought Process Example: "If a massive asteroid hit the earth, we wouldn't worry about any of those problems, but the likelihood of an asteroid hitting the earth is so small that it probably isn't the greatest threat to our future"

General Off-Topic Board / Which Degree is the hardest?
« on: April 23, 2008, 03:19:51 PM »
I'm sure there are a lot of other degrees that many people think are more difficult.  I'm just more curious about these.

General Off-Topic Board / Help me understand Global Warming Please!
« on: April 22, 2008, 09:33:12 AM »
I'm so confused!  ???

What is the deal with this global warming stuff?
"The world is getting warmer and we're the cause"
"The world is getting warmer but we aren't the cause"
"What? That's like denying the holocaust"
"What? Any changes we make will have little effect"
"We have to act now, there's no debate!"
"Somewhere between 2100 and 19000 scientists in the oregon petition say there is"
"Those scientists are in the minority"

So what is right?   I've heard some convincing evidence for man-caused global warming.  The history channel said there is no debate that we are the cause, but then some scientists on another 20/20 special said that CO2 doesn't cause warming, and that there is evidence that the warming happens first.  I don't know who to believe. I just want to do what is right. 

Al Gore is trying to guilt us to death with 300 million dollars worth of ads.  I don't think he understands true motivation.  He's mad that the US isn't acting, but he won't change his strategy.  We didn't make it to the moon first because we were guilty.. we made it there first because we were proud. 

Here are a few things I know.
-The majority of reasonable people think we have a lot to do with global warming
-The majority of reasonable people think that we need to end our addiction to oil
-The majority of Americans want the US to lead the world
-if we run out of oil before we find a good alternative, the cold will kill more people than the warming.

I just watched something on discovery about Energy and it looks like Nuclear, and Solar power are improving like crazy.  So why can't we get the country behind this?

Increasing MPG standards kills our auto industry and raises prices...
Ethanol production increases poverty all over the world...
Carbon tax would make all products more expensive.. The US might be okay, but most poor countries would just suffer more...

Those plans are dumb.

We need a new nemesis..   We fought Russia in the space race and we all wanted to kick their ass.  Now we need an Energy race...  we just need an ass to kick.

The capitalists would love this because technology increases wealth.
The protectionists would love it because we would have more jobs and less oil imports
The greenists would love this because it would reduce CO2
The consumers would love this because energy prices would go down  (And as a result so would food and clothing prices)


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