Job Discussion Forums

ckhl · Joined: 20 Aug 2006 Posts: 214 Location: SE Asia

http://www.thenational.ae/news/uae-news/education/debt-worry-over-federal-universities

Pikgitina · Joined: 09 Jan 2006 Posts: 420 Location: KSA

Don't know why I'm surprised but I am. Crying or Very sad

ckhl · Joined: 20 Aug 2006 Posts: 214 Location: SE Asia

...yes, but you shouldn't be

Never Ceased To Be Amazed · Posted: Wed Dec 22, 2010 12:08 pm Post subject:

Does anyone know what rhymes with "I got mine!"?

NCTBA

johnslat · Posted: Wed Dec 22, 2010 2:19 pm Post subject:

Dear NCTBA,

Try nut wine?

http://www.ifood.tv/network/aphrodisiac_high_protein_nut_wine_drink/recipes

Regards,
John

elmoro · Joined: 12 Feb 2010 Posts: 58 Location: The Emerald City

NCTBA wrote:

johnslat · Posted: Wed Dec 22, 2010 3:25 pm Post subject:

Dear el moro,

" . . . they really didn't seem to understand that spending more than you make is not a good thing."

They're certainly not alone in that. as the economic meltdown in the USA and Europe seems to prove.

Regards,
John

Gus Barkley · Joined: 26 Aug 2010 Posts: 78

As I am still paying back student loans I would have loved to be able to get a free education. I wonder, however, if "free" reduces its value in the eyes of students. I know from teaching at a non-traditional college there's a difference. The students who were paying their own way - not relying on Mommy & Daddy, or in this case, the government - were much more serious.

elmoro · Joined: 12 Feb 2010 Posts: 58 Location: The Emerald City

john, point well taken. however, i would say that, in general, we understand that it is wrong. we just get ourselves in debt for different reasons. can't speak for europeans, but americans don't get themselves in debt because they know that uncle sam is going to pardon it.

you know omanis, or any other gulfites for that matter, don't seem to have this problem and oman's economy is stable. to run one of the most prosperous economies into the red in a third of a century is just plain ridiculous.

all that money spent on secondary english education and still 90% of the students still have to go to foundations programs. adec is already in trouble. how much was wasted on that?

anyhow, not really my problem.

elmoro

THE HORROR, THE HORROR!

johnslat · Posted: Wed Dec 22, 2010 11:51 pm Post subject:

Dear el moro,

" . . . but americans don't get themselves in debt because they know that uncle sam is going to pardon it."

Well, with the exceptions, of course, of big Wall Street firms, automobile manufacturers, banks, railroads, New York City, Savings and Loans, the airline industry, Fannie Mae / Freddie Mac, and the TARP handouts.

http://www.propublica.org/special/government-bailouts

Regards,
John

elmoro · Joined: 12 Feb 2010 Posts: 58 Location: The Emerald City

first i would like it to be clear that i am NOT an america-has-the-answer type of american and i am NOT a muslims-make-no-mistakes type of muslim. i'm try to call it as i see it.

i was referring to individuals. meaning, buying cars and houses that are far above my budget because i KNOW that debtors prison is not an option for me like it is for expats (some of whom just make an honest mistake or get conned like one nice swedish lady i know who was arrested and dragged off to jail in front of her visiting parents and one of her seven kids).

anyhow, those are called bailouts which means they tried and had trouble. they didn't intend to get into debt. i found out during the crash that the uae government refused to compensate building owners. building owners were responsible for getting their investment returned, thus the housing prices dropped so they could fill up buildings. they built the buildings because they KNEW that they would not incur a debt.

keep in mind A THIRD OF A CENTURY!!! this is only coming out because of the crash and the feds need money now. my egyptian friend who manages a restaurant in rigga told me that 5000 a day is made on jay walking on rigga raod alone and that when he was taxed by municipality for the first time for sidewalk tables, the municipality officer told him that they have been instructed to "get that money".

elmoro

THE HORROR, THE HORROR!

johnslat · Posted: Thu Dec 23, 2010 2:37 am Post subject:

Dear el moro,

I'm just teasing, not meaning to be contentious - but . . .

"i was referring to individuals . . . ."

according to the Supreme Court, corporations ARE individuals. Twisted Evil

Regards,
John

elmoro · Joined: 12 Feb 2010 Posts: 58 Location: The Emerald City

no problem john,

these forums have been therapeutic for me. you must be watching the game and on the internet. yeah me too! Wink

that is one thing that is going right, etisalat now offers espn to the general public if you get a tv program package through them. first bowl season in a long time

elmoro

THE HORROR, THE HORROR!

Sheikh N Bake · Joined: 26 Apr 2007 Posts: 1307 Location: Dis ting of ours

johnslat · Posted: Thu Dec 23, 2010 2:58 pm Post subject:

Dear Sheik,

I agree - the bailouts, by and large, were necessary and they worked out very well, both for the companies involved and for the taxpayers (though it's amazing how many people - Republicans and Tea Baggers mostly - are still under the mistaken impression that TARP and the Stimulus funds didn't work.)

Well, people believe whatever makes them happy, and they don't let facts get in the way.

Regards,
John