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samuelfields · 5 years ago

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Child Millionaires: No Longer Necessary Thanks To Canceling All Student Debt

One of the things many responsible parents are doing today is saving for college via a 529 plan. Not saving for college and expecting a student loan bailout in the future is bad planning. The same goes for not saving for retirement and hoping the government will take care of you once you can no longer work.

Do you really want to take that chance? I don’t think so.

Given college tuition is rising by roughly 6% annually a year, by the year 2033, the cost for one year’s worth of public or private school tuition may approach $54,070 and $121,078, respectively.

Add on expenses for room, board, travel and miscellaneous stuff and the annual cost of college could easily be 50% – 100% higher.

Meanwhile, according to the National Center for Education Statistics, just 41% of first-time full-time college students earn a bachelor’s degree in four years, and only 59% earn a bachelor’s in six years.

Therefore, it is only logical that all of todays’ new and future parents should try to save about $1 million for each child’s college education. If a family has a “trophy kid,” then the family should save $4 million and so forth if college is the desired path. Going into debt to buy a depreciating asset like a car or a college degree is fiscally unsound.

No parent should expect their child to be brilliant and get scholarships. Nor should any parent expect their child to be sensible and attend a public institution to save on costs. High expectations lead to disappointment.

No matter how many articles I write about the depreciation of a college degree, not enough people will listen because the desire for status is too strong. We also all believe that we are more talented and smarter than we really are.

Parents can hope for sensibility, but should still plan to spend the big bucks.

However, to save for our children’s college education often means that we are unable to save as much for our own retirements. This, in turn, may cause financial anxiety and unhappiness within the household.

Perhaps the Cancel Student Debt movement is a solution. Probably not.

Cancel Student Debt To The Rescue

Senator Bernie Sanders has proposed canceling all $1.6 trillion of student loan debt currently held by roughly 45 million Americans.

Bernie’s proposal is a one-up of Senator Elizabeth Warren’s proposal to cancel $640 billion of student loan debt by forgiving up to $50,000 in student debt for those earning under $100,000. Warren’s plan would directly benefit about 42 million people.

During a presidential election, it is understandable that candidates need to come up with enticing proposals to gain votes. The more freebies you can promise at a minority’s expense, the more votes you will get. Power is a mesmerizing elixir all politicians crave.

I’m personally waiting for the Cancel All Mortgage Debt proposal to one-up Senator Sanders. Not only would homeowners save a ton, demand for real estate would surge, thereby creating even more equity for millions. As a property owner, I’ve got my fingers crossed.

What’s interesting about canceling all student loan debt is that the benefits will go mostly to more well-off Americans. After all, only about 30% of Americans have a Bachelor’s degree. Even fewer have a Master’s or Doctorate degree.

Senator Sander’s plan would help eliminate student loan debt for some of America’s highest-earning professionals e.g. doctors, lawyers, bankers, consultants, etc. But at least his plan does not discriminate between student loan holders.

People against canceling student debt also make the point that nobody forced parents or students to take on so much debt. After all, there are plenty of more affordable education options.

Just because AOC could afford to pay $55,000 a year in tuition in today’s dollars to attend Boston University doesn’t mean we all can. Most of us don’t have the financial means and will probably have to attend a state school or community college for two years instead.

When I was looking at attending college, I chose William & Mary, a public school, because the tuition was only $2,800 a year. Only the rich kids who couldn’t get into a top 25 private school went to a school like The University of Richmond in Virginia, where tuition was about $25,000 at the time and $54,690 today.

I was fine with the rich kids who went to the University of Richmond instead of going to a state school like most of us. That’s just life. We’ve got the same scenario playing out in practically every state, e.g., Portland University ($47,500) vs. Portland State ($8,500), University of San Francisco ($49,740) vs. SF State ($7,264), etc.

We just need to make the most of our situation. Hating on the rich is not productive because their privilege does not preclude you from creating your own wealth. But bailing out rich kids who chose to attend expensive schools is a questionable use of funds.

I knew my parents weren’t rich given they drove an 8-year old Toyota Camry, I went to a public high school, and we lived in a cozy townhouse. Therefore, it was only logical I should attend a more affordable college. Even if I didn’t get a decent paying job after graduation, I knew that with a minimum wage job I could still pay my parents back.

We can’t always get what we want.

In high school I really wanted to rumble to class in a 1990 Mustang 5.0 GT. The sound of a 5.0 engine was one of the sweetest ever. My rich classmate was getting a new car and was willing to sell me his for $13,000. But I only made $4/hour working at McDonald’s. So instead, I had to impress the girls with my bike and sparkling personality.

1990 Mustang 5.0 GT: My high school dream car I could not afford

I firmly believe that other parents or college graduates who are my age (42) or younger understood the cost/benefit analysis of attending college as well. By 16, the concept of only buying what I could afford was very clear because I had to work craptastic jobs for things that I wanted. Further, the internet and all its free information about the dangers of overpaying for college have been readily available for decades now.

Everything is rational. I do not believe the vast majority of Americans who are bright enough to attend college do not understand the risks of spending hundreds of thousands of dollars for an education.

To cancel all student debt would only be rewarding irrational behavior. By rewarding irrational behavior, we may be dooming such folks to a lifetime of hardship.

The Importance Of Personal Responsibility

As honorable citizens, we know that everything is earned and nothing is given.

There’s something incredibly satisfying about taking out a loan and paying it back in full. Fulfilling your obligation is the best way to cancel your debt.

My wife, a fellow William & Mary alum, graduated with $10,800 in undergraduate debt. She came from a poor family where neither parent went to college. Therefore, she logically attended a state school to save on costs.

Her first job paid her $24,000 a year in expensive San Francisco. Nevertheless, she stayed super frugal and diligently paid off her student loans in five years. When she sent in her last payment we went out to dinner to celebrate. Then it was back to saving and investing aggressively in order to one day get out of the rat race, which she did at 34.

I graduated business school with about $25,000 in student debt because my employer decided to only pay for 70% of the tuition instead of 100% once the global financial crisis hit. I wasn’t about to complain after seeing colleagues get blown out left and right. But boy did it feel great to get that monkey off my back through some lockdown savings.

There is no way we would have achieved financial freedom when we did if everything had been handed to us. Instead, we’d probably still be working and complaining about why everybody else has it better than we do while also being unwilling to do any extra work.

Getting into the mindset of earning what you deserve is incredibly powerful to building greater wealth and happiness. The satisfaction of achieving a goal through years of struggle is one of the best things ever. The struggle makes you appreciate more of everything you have.

We shouldn’t let politicians pandering for votes legislate away a person’s ability to feel satisfaction through their own initiatives. Instead, let’s use the $640 billion – $1.6 trillion in new taxes to be raised by these proposals on helping the homeless, underemployed veterans, foster children, and kids with disabilities instead of the top 30%.

Average college debt is $32,731 according to the Federal Reserve

Honor Your Debt Obligations

The average person who worked for their success will feel much better than the average person who gets everything handed to them. If you don’t believe me, just ask any adult child over 30 still living at home with their parents. Chances are high these folks were given a little too much and lacked the motivation to succeed on their own.

Once the expectations for a handout are ingrained, there’s no turning back. We’ll end up raising a new generation of entitled Americans who will not fully appreciate the value money. Our economy will unravel because trust will be broken and productivity will decline.

There is always a silver lining. If the #CancelStudentDebt movement succeeds, then it is rational for all parents to stop contributing to their children’s 529 college savings plan and live it up. Perhaps the extra amount of spending will help boost the economy.

We can only hope that society wises up to the fact that paying record amounts of tuition for an antiquated degree will no longer be necessary in the future. But I wouldn’t bet on it.

Save aggressively. Work hard. And be responsible. If a bailout comes, then you’d be irrational not to take it. But if a bailout never comes, you won’t care because you never expected one in the first place.

Note: There is a poll embedded within this post, please visit the site to participate in this post's poll.

Readers, what are your thoughts about the government canceling all student debt? Why don’t we make colleges more responsible for the product they’re selling instead? For example, how about make colleges refund a portion of a graduate’s tuition if the student can’t find a median wage job in the student’s field of study within six months?

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elliotqzed854-blog · 5 years ago

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one. Most cancers Therapy

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5. Treats Epileptic Seizure

A different research done in 2003 found that the herb may be used to take care of epileptic seizures likewise. An experiment carried out on rats gave more than enough evidence that CBD does stop seizures for up to 10 hours. Essentially, THC binds the cells within the brain which might be accountable for triggering seizures.

six. Aids with Parkinson's Ailment

Lots of studies have been performed in Israel to discover the benefits of cannabis for people with Parkinson's illness. The review observed that the drug might help relieve the suffering, which aids individuals enhance their sleep. The people consumed the herb also relished superior motor expertise.

7. Allows with Crohn's Illness

Cannabis can be a good choice for individuals with Crohn's disorder. This ailment triggers suffering and inflammation within the intestines. People also practical experience agony, fat reduction, diarrhea, and nausea.

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angeltriestoblog · 8 years ago

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Your Comprehensive Guide to Surviving Grade 11

WARNING: The longest post I’ve ever made in the history of my blogging “career” is up ahead. Nevertheless, please read it so my efforts won’t be wasted.

In a nutshell, last school year was me trying to secure the Guinness World Record for the number of breakdowns on a bedroom floor. The amount of workload was unforgiving, the pressure to perform was crippling, the competition was inadvertently fierce and the standards set were higher than fun.'s friends in the Empire State. (Please get this reference.) Surprisingly, I survived and lived not only to tell the tale but to also help incoming Grade 11 students prepare for the year that is to come so they won't have to deal with the many risks of premature stress like I did! This is where this guide (with some unnecessary blabber on the side because will it really be an Angel Martinez post without it) comes in. Though it's a given that not everything that happened to me won't apply to you, I still hope you use these to better your experiences and emerge as a stronger and more productive person! Like me, I guess. In a way.

To kick this off, let me just say that I know this notice might be coming in a little late, since enrollment for most schools (in the metro, at least) have already come to a close. Thus, by the time you've read this, you may have already chosen a strand of your own! The selection of some schools may be limited to the basics: Science, Technology, Engineering and Math (STEM), Accountancy, Business and Management (ABM) and Humanities and Social Sciences (HUMSS) which are all pretty self-explanatory in terms of the topics of focus. But from what I know, others also offer Arts and Design and Sports for those who wish to devote their full attention to the talents they wish to hone and even a general academic strand for the benefit of those who remain undecided. I, for one, chose ABM: I didn’t feel like committing to a certain career yet and wanted to opt for the safest option among the choices.

The process of choosing which way to go is pretty intimidating at first especially once you figure out that the rest of your life may very well be at stake. But, it isn't that much of a pain once you reflect on your interests enough and see if those align with what you want to do and where you want to be in the future, if that’s not too forward looking for you! I know a couple of people who’ve had to compromise their true passions for the sake of pleasing their families. Whether it’s to continue a legacy that’s been passed down for several generations or fulfill a dream that belonged to someone else, some parents believe they have every reason in the world to demand their children’s future, even if it’s obviously against their will. Yes, I believe that it’s their responsibility to guide their kids through the process of figuring out what they want to be in such a fast-paced and ever-changing world where anyone can influence and be influenced for better or for worse. They must be able to provide the insight that only they possess after all the years they’ve spent collecting wisdom. They should help us plan out what’s gonna be on the blueprint of our lives, not finish it by themselves, present it and expect us to follow without any questions.

But as per usual, I digress. TL:DR choose the track you want, you don’t owe anything to anyone.

Generally, Grade 11 will be the hardest year on you. It doesn’t care if you came terribly unprepared, if you haven’t slept a wink in eons or if the people you live with barely even know who you are anymore. It’s unforgiving and relentless in the pursuit of giving you the biggest ordeal of your life. Based on my personal experience, I reckon it’s due to the fact that our teachers stand by their decision to treat us as young adults, seeing as we’d be in first year college anyway if the K-to-12 program wasn’t a thing. When we were children, everything we needed to know about a certain topic would be put on a silver platter and handed over to us, usually in the form of photocopied sheets of old handouts. All we’d have to do is memorize whatever was on them and eventually ace the tests that usually came in multiple choice or matching type form.

But now, we’re in charge of making our own notes, deciphering cryptic explanations for a certain lesson and most of all, making our own creative output based on what we could be often inaccurate interpretations. Grade 11 gave big importance to the performance task, much to the dismay of everybody. Whether individual or by group, it was always half our grade and due way before any of us were ready to face the task at hand. It also required coming up with original ideas, or solutions to the most common problems and it’s either bland when working alone or chaotic when with classmates, because everyone wants to be heard when we’re actually fighting for metaphorical spots.

I didn’t feel it much during the first semester though, because I had the best schedule on campus. Classes ended at 2:30PM for me so I had plenty of time at my disposal. I could hang out with friends, have a chat with my mom and procrastinate (responsibly) before proceeding with my work and still be able to go to sleep before the clock struck ten. My subjects weren’t terrible as well. Yeah, not all of them were anchored in the very foundation of my track but I was able to get grades far better than I would have expected, so it’s all good. Here’s a briefer on each:

General Math

A solid 8/10, which is a big deal considering the fact that Math has never been my strong suit. First quarter covers topics I barely understood when they were discussed to me in Grades 9 and 10, namely functions (linear, quadratic, polynomial, The Problematic Trio aka rational, exponential and piecewise) and equalities and inequalities. Second quarter focuses on business math, weirdly enough when there’s an entirely different subject for that, but the lessons don’t overlap. Annuities, stocks and bonds, and loans were explained plus a little bit of logic towards the end.

The key to Math is a heck lot of practice. Practice, practice, practice. Even when you know the answers, or more preferably when there’s no key given. Answer every problem in the book on a separate sheet of paper, make up your own, explain the procedure of solving to yourself, help a friend out and refresh your memory simultaneously. Do it when you get home, or when you have a free period at school or you have no idea what else to do seeing as that’s the only way you’ll develop the skills needed to become a human calculator.

Business Math

A more practical Math subject: every single topic discussed was something that could be applied in real life and useful to us when we have careers. The first few weeks consisted of our reviewing our favorites: fractions, decimal and percentage, and ratio and proportion, so it evidently started on a good note. It later on proceeds to buying and selling, computation for salaries and wages then the presentation and analysis of business data in table and graph form.

Though the lessons here are undeniably easier than our previous Math subject, it still wouldn’t hurt to practice, especially if everything isn’t clear to you from the get go. If your teacher is anything like mine and thrives on class participation, recite as often as you can whether it’s to give a recap of yesterday’s lesson or show the solution on the board. Her personal favorites in our class were those who made it a point to raise their hands as often as possible.

Physical Science

A mix of the deadliest sciences mixed in one subject. Physics and chemistry, folks. Just as appealing as it sounds. If you like both of them, you’ll breeze past this, no sweat. But if you’re like me and you stopped paying attention in science class after the teacher was done discussing the body system, you’ll have a lot of catching up to do. Subject matter included motion, energy, chemical reactions, force and energy. Don’t be too excited that there are only five, because these took two semesters to properly shove in our craniums.

There’s no downtime in this subject, you have to hustle every single day or else you’ll fall behind while the work just keeps piling up. Read up on everything and do not leave out even a single detail: know which causes what, and why well enough to the point that you can recite it in your sleep. Memorize the formulas and most importantly, invest in a double liner calculator! It’s a bit pricey but spending the amount required is far better than having to enter multiple parentheses to work your way around an equation.

Earth and Life Science

Personally the superior science for me, considering that the topics were genuinely interesting and made me gain a better understanding of how the world works. We studied the origin and structure of the earth and beyond, earth processes, natural hazards, bioenergetics, perpetuation of life, evolution, organ systems and interaction and interdependence.

The only downside for some is that many terms will be introduced throughout the course of this subject, and you’ll obviously be required to memorize them all and at the very least, identify their definitions. Making flash cards for each lesson would definitely come in handy, even if takes a while and could very well cramp your hand but there’s this app called Quizlet which basically serves the same purpose and is easily accessible in any device you download it on.

Oral Communication

I think I was the only one in class who actually enjoyed what was going on for the most part of Oral Com, since I enjoy talking to a crowd and writing. If the mere mention of that phrase alone gives you shivers down to your spine, I guess you’ll have a lot of mental and emotional preparation to do. Normally, this subject would heavily rely on application of learnings through exercises and presentations but there was still a bit of (unnecessary) discussion here and there on topics like public communication skills and communicative strategies.

Expect a lot of speaking in front of the classroom! Tasks will range from impromptu (no time to think beforehand), extemporaneous (short preparation time upon receiving the question) and prepared speaking. Groupwork is also high in number: the teacher will give you a situation (e.g. you’ll be selling a product, your house is on fire and you need to call the fire department, ya know… the usual [?]) and you’ll need to propose your solution in the most eloquent and spontaneous way possible. Which means no reading aloud of lines scribbled on your hand with a G-Tec.

Organization and Management

Basically an introduction to the world of business and thus an essential subject for my strand. Points discussed were the nature of management, the firm and its environment, environmental scanning (PEST and SWOT analysis) and the functions of a manager in detail (planning, organizing, staffing, leading and controlling).

This subject was very detail-heavy so as much as I was willing to learn, I couldn’t avoid being overwhelmed by the number of things we were trying to run through in around sixteen weeks. It also didn’t help that we didn’t have a book to refer to and had literal stacks of photocopied handouts to lug around instead. But I guess by now, your school has a textbook to provide you with and if not, there are some published by Rex Bookstore available in big branches of National Bookstore like in Quezon Avenue. The best thing to do to survive this subject is to read so you can understand all the concepts. Everything discussed is important and the quizzes and quarterly tests you’ll take will require not only what you think it means, but also how you’ll use it IRL

Understanding Culture, Society and Politics

Potentially one of your favorite subjects, if you’re given the right teacher, since it focuses on the intricacies of our lives as human beings. From the study of humans past and present and the complexity of our cultures (anthropology), we head on to the analysis of government systems and activity (political science) and the nitty-gritty of our development and functions in human society (sociology).

I didn’t have a problem with this step the lessons were comprehensible enough to grasp my attention but just make sure that you exert effort to understand everything! Because even though a chunk of the activities also include matching type, true or false or fill in the blanks, essays are a mainstay. Usually, they’re not based on facts too but on your own personal opinion and the teacher will be able to tell if you don’t have a particular stand or you do yet you fail to back it up with actual evidence, so be sure to find a basis for everything you say.

Unfortunately, all fun and games were over when the second semester rolled in. Our privileges were taken back and our schedule was reverted back to the usual 4:20PM. Thanks to the fact that my busmates never went straight to the bus upon dismissal and liked roaming around the campus, leaving our conductor to search for them like she was in some sort of treasure hunt, I went home at 6:00PM every day. To make matters worse, this just so happened to be the season when the research papers started rolling in, one by one, all poised and ready to kill us ever so slowly. Let me give you another quick recap:

Pagbasa at Pagsuri

Definitely not the kind of “Pagbasa” I was expecting, if I’m being frank. I thought we were going to be reading and analyzing contemporary Filipino literature, which excited me since my knowledge in that genre was close to non-existent. Turns out, we would be looking at different kinds of texts (informative, persuasive, analytical, etc) then finding out how to write them afterwards. There’s a chance you might not experience this unless we go to the same school, but our teacher invented the ADIDS method in order to help us learn this more effectively through application. I forgot what it stands for, but basically all you do is discuss each facet of a very broad topic thoroughly in the form of a well thought out class presentation.

Meanwhile, the research paper takes up one whole semester. Not to sound boastful, but I had thought that I would be able to do this with ease because all I ever do with my life is write I mean I practically came out of my mother’s womb with a pen and paper in hand and I speak more Filipino than English these days seeing as I spend a bigger portion of my day in school. But, the finished product is often bland and makes use of the same words over and over in a failed attempt to accurately describe what I want to put on paper. And as if that wasn’t bad enough, the topic also had to be narrowed down repeatedly to suit a particular audience, from a specific place within a specific time frame so we ended up doing a research on the effects of Jason Derulo’s songs on the opinions of Grade 11 students from our school in the academic year 2016-2017. Please don’t laugh at us.

You also don’t just write the entire paper, but also be briefed on its parts, their functions and determine what sets them apart from each other, and the specifications in making each of them. Which includes stuff as minuscule as the measurement of the margins, font sizes and types to use et cetera. It’s not that hard though because as you’re working on the paper, you familiarize yourself even more.

Komunikasyon at Pananaliksik

The easiest one I took the entire semester, and for obvious reasons, my favorite. Our teacher was brilliant in the sense that he was well-versed in the subject matter and got work done yet let us watch Train to Busan or Seklusyon on the TV if the schedule permitted. The topics weren’t mind-boggling either: we just covered the history of the Filipino language and communicative skills (which further cemented my belief that this was basically the counterpart of Oral Com). They may be confusing at first but the key is to notice sentence patterns! The number of activities given to us was reasonable and not particularly stress-inducing: just quizzes that were few and far-between, a groupwork and reaction paper for a performance task.

Fundamentals of Accounting

A lot of people are intimidated by the idea of studying Accounting, and I’m not surprised. It’s always described as something that relies on analysis and numbers, two things that we normally don’t excel in at school. But it’s actually nothing to fuss about as long as you do your reading, understand the basic guidelines, practice at home and have a qualified teacher who has the proper training and skill set. The first few chapters don’t even involve computation of any kind yet. You’ll just be acquainted with the very foundation of the subject: the branches of accounting, the users of accounting information, the forms of business organizations and types of businesses. Maybe the most important lessons that you could pick up are the accounting equation (assets = liabilities + equity), types of major accounts and the generally accepted principles because they serve as the rules to follow for making your accounting-related decisions.

Eventually, you’ll make it to business transactions and their analysis, where you’ll be taking a trip around the whole accounting cycle. You’ll have to fill out a journal, ledger and unadjusted trial balance then adjust that trial balance using the adjusting entries normally provided to create your income statement, balance sheet, closing entries and the end goal, the post-closing trial balance. Sounds like a lot of work, but it’s seriously not that difficult if you do your homework! It’s also best to invest in an actual journal and worksheet, instead of solving on sheets of yellow pad that can easily be misplaced.

Statistics and Probability

Stat was weird for me in the sense that our lessons were generally ambiguous unlike what their names insinuated and I seemed to understand everything while it was being discussed but the minute I got home to work on assignments, I found myself staring at a wall until a friend who actually knows what to do goes online on Messenger. Later on, I found out it was because I needed to practice on my own to be familiar with the procedure instead of trying to memorize all the steps when it depends on the type of problem. We covered random variables, probability distributions, normal distributions, sampling, estimation of parameters and hypothesis testing (which was actually quite fun).

If you’re not keeping up to speed with everyone else, please do work on it as early as possible. The lessons here are somewhat connected to each other so if you failed to catch the drift on one of them, it’ll create a chain reaction and by the last topic, you’ll have zero knowledge of how to solve anything. Ask help, preferably from your teacher because not only do they explain it most accurately but it helps them see your initiative to do better, which they take into consideration when computing for your final grade. Do not settle for the exercises found on the book. Make your own, if you’re in the mood to cramp your hand, or turn to websites like The Oxford Math Center for useful worksheets with answer keys.

Contemporary Art

The very bane of my existence. The perfect way to sum up this subject in six words. Art was never my strength, anyone who knows me is aware that I can’t draw to save my life, but it didn’t really have much of a dent on my report card since it happened to be a minor subject. But thanks to the implementation of the new curriculum, it is given a new sense of purpose as a core subject with a weight of O N E. We had dealt with the different periods of Philippine art extensively, the National Artists of the country and different contemporary art forms such as film and the oddly interesting performance art. (Trigger warning for some graphic content though, so do be careful when searching these up!)

Activities ranged from making presentations similar in format to those in Pagbasa at Pagsuri, creating manifestos for the Philippine youth in relation to their role in the art world, holding a class exhibit to display the work you’ve made and my favorite: going on a fieldwork to hunt for contemporary art in the city. All this will lead to the culminating activity: the creation of your very own output, where anything is possible and depends solely on the one calling the shots.

This art class is no longer focusing solely on the physical aspects of a certain work, but also on what it actually means and what its relevance to society actually is. So, a good tip would be to always look at the bigger picture when given something to analyze! It’s hard at first, I admit I didn’t have much to say during the first few meetings but as the floor is opened to more interpretation and intellectual discussion, you’ll get the hang of it and instinctively feel the need to join in.

** We are about to dive in a zone that is fittingly named The Deadly Trio. ** Actually, if these were stand-alone subjects, I’d be fine but the fact that there are three of them in one semester when they’re basically discussing the same things and giving the same ridiculous amount of take home work was enough to drive me up the wall.

Practical Research

As implied by the very name of this subject, the main focus would be the creation of a qualitative practical research paper throughout the entirety of the semester. Discussions here were very minimal, as the teacher thankfully wanted us to focus on getting as much work done in the classroom as possible. I slacked off moderately during her period instead of lessening what I’d have to do at home, and in the end I ultimately suffered. But anyway, topics discussed include the importance of qualitative research, finding a good topic and sources to build it up, reviewing different types of literature, understanding and collecting data and further analyzing it to later on be able to report our findings.

One another thing to look forward to (not in a good way) is the dreaded thesis defense, where your paper will be dissected and closely examined for any possible shortcomings and held against you in front of a panel. It doesn’t always have to be the bane of your existence: as long as you contributed to the making of the project, you’ll know enough that you won’t be humiliated the minute you open your mouth.

A tip to take into consideration is to choose the right groupmates. Unless teachers pre-determine who you end up working with for two straight quarters (in that case, you’ll just have to learn how to accept your fate, whether it is for better or for worse), as much as possible, go for those who are responsible and actually care about their grades. It’s never fun to work with people who send you a montage of copy-pasted statements from Wikipedia pages and pass it off as their “contribution”, go offline Messenger the minute you even think about asking for help and think that printing the paper is a valuable addition to the team.

Reading and Writing

Contrary to what I initially thought, this was not the counterpart of Pagbasa at Pagsuri in the English language and I was thankful in a way because God knows the pain that inflicted upon me. The first quarter starts off quite easy, with critical thinking, fundamental reading skills, selecting and organizing information and critical reading skills. It may sound like a mouthful, but most of these are stuff you’ve picked up long before, without the assistance of a teacher! Some people may find patterns of development a hard topic, but if you read books, I guess identifying them just comes natural to you.

The latter part of this subject is where the ugly stuff goes in. I personally felt deceived into thinking that it would be as simple as our first lessons: identifying and writing the thesis statement and topic statement then it suddenly escalates and turns into SO MUCH ACADEMIC WRITING. When I saw that we were going to be making book reports and article critiques, I shelled out some of my favorite fictional reads and Man Repeller stories of the month only to find out that we’d be reviewing serious, educational material with very specific and strict guidelines to follow to make it as formal and cohesive (and basically not fun) as possible. Research reports, project proposals and position papers will also be in the works at some point: they are very structured and usually have to revolve around topics that are related to your strand, so there is a chance you may find it boring.

English for Academic and Professional Purposes

When I saw I had this for a subject, I was actually glad at first since English has always been my forte. So I was anticipating a repeat tutorial on all parts of speech and the basics of the subject-verb agreement when in reality, all I got was a dupe of Reading and Writing. Which is why, I had no idea why we had to take up both of them during the same semester.

Besides all subjects that required the submission of a research paper as some sort of culmination, this was the most demanding in terms of written output. During the first quarter, it’s still permissible to chill as you’re only going through reading and writing different types of academic texts (does this sound familiar to any of you?) but as the next one rolls along, BOOM. Reaction paper. Reflection paper. (Yes, there is a difference.) Concept paper. ANOTHER position paper. Report.

Now, if you’re already thinking about how you’re going to make it through when your writing is as lifeless and flat as can be (e.g. It is a sunny day, I ate an apple, I need to pee), don’t sweat it. That is exactly what your EAPP teacher will be looking for anyway. Academic texts do not require flowery writing that went through EDSA traffic before getting to the point (which was obviously an inconvenience for me): nobody cares about your opinion unless they say so and even if they do, they’ll probably require a sentence limit.

Well, that’s a wrap! I spent approximately twelve hours working on this post: one of which was spent on the Kitkat bench in Landmark trying to find a catchy way to start it off, and my eyes hurt and I may be suffering from carpal tunnel but all of that means nothing as long as I’ve been able to guide one hopeless soul out of the dark. I’ll be back with much lighter content very soon if I can factory reset my head and get it to work properly again.

Stay in school, kids!

Angel

#advice #grade 11 #senior high school #k to 12 curriculum #philippines #angeltriestoblog #pagod na ako #recs #life dump

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angrycollectordaze-me-blog · 5 years ago

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Paper代写：The influence of shadow banking on economic and financial development

下面为大家整理一篇优秀的paper代写范文- The influence of shadow banking on economic and financial development，供大家参考学习，这篇论文讨论了影子银行对经济金融发展的影响。影子银行发展的过程中，经常有负载、资金搭配不合理的状况出现。以负载者角度分析，由于各个商业银行间存在着极度激烈的资金竞争，在监管结构影响下，会使其发展受到较大限制，因此，影子商品表现出了下滑的态势。以资产方角度分析，要想让企业得到更多经济利益，通常影子银行会向融资平台或是房地产中投入资金，该项目存在长期性的特点。在此状况下，一旦遭受特定限制，那么其风险性会进一步放大。现阶段的商业银行普遍使用资金池的模式。要想让资金池稳定运行得到保证，就要强化监督工作，防止由于流动性下降引发的风险。

In recent years, shadow banking in China has developed rapidly, which has affected economic and financial development to some extent. At present, there is no clear standard, regulation and definition of shadow banking, which makes the number and scale of shadow banking unable to be effectively determined and the risk is difficult to control. Because shadow banking is quite controversial, it has received extensive attention from various sectors. Therefore, it is of practical significance to study the influence of shadow banking on economic finance.

There is no accurate definition of the concept of shadow banking in China. According to the definition of the institute of finance of cass, shadow banking is the business between off-balance sheet business and lending of all Banks. China's banking regulatory commission estimated in 2018 that shadow banking had reached 16 trillion yuan, or about 2.6 trillion U.S. dollars. But a number of economic and financial experts say the true figure is much higher. Domestic shadow banking consists of two parts, one is not regulated banking securities activities, is the main representative collections, including financial leasing companies, financial companies, trust companies, such as guarantee of savings to investment business, the second is the folk not regulated financial, is the main representative pawnshops, folk lending, underground Banks, etc. On the whole, shadow banking has a great influence on economy and finance.

In the process of the development of shadow banking in China, there are often situations of unreasonable load and capital allocation. From the perspective of payers, due to the extremely fierce capital competition among commercial Banks, their development will be greatly restricted under the influence of regulatory structure, so shadow commodities show a downward trend. From the perspective of asset side, in order to let enterprises get more economic benefits, shadow Banks usually invest capital into financing platforms or real estate, which has long-term characteristics. In this case, the risk is amplified by a specific restriction. At present, commercial Banks generally use the model of capital pool. In other words, they concentrate different types of financial products together, and then put the funds in financial assets with different risks and different time into a capital pool. If the stable operation of the capital pool is to be guaranteed, supervision should be strengthened to prevent risks caused by the decline in liquidity.

At present, most of the funds of shadow banking in China are developing towards small and medium-sized enterprises with high returns and real estate, so as to effectively improve their economic benefits. Generally speaking, in the relevant economic system dominated by small and medium-sized enterprises, the capital obtained from shadow finance is first used to help the enterprise to obtain a large amount of economic profits, and then to help the enterprise to pay off a large amount of debt, so that it can get fast and good development. At the same time, shadow banking is the provider of funds and can get corresponding economic benefits from it. On this basis, the funds in shadow banking will show normal operation and stable development, with high benefits in each link. , however, some of the real economy enterprises exist many problems, because each are not identical, the problem of different enterprises and existing economy entered the stage of decline, if the enterprise operation is not flexible, the product cannot be sold in time, the consequences will be very serious, these companies can't within the prescribed time will pay high debt, which can lead to capital chain rupture.

Economists have carried out a large number of studies and found that shadow banking is one of the effective supplements in China's financial system, and there are a large number of shadow Banks, which have different degrees of influence on economic and financial development. In the current domestic financial system is not perfect, it is necessary to actively manage shadow banking. To achieve this, the following measures should be taken.

First, a shadow banking regulatory system should be established. By formulating and implementing the supervision and management system of shadow banking, the shadow development in China can be effectively standardized to reduce and avoid the appearance of various illegal operations, so that private finance can develop more reasonably and healthily. Second, the management of shadow banking should be strengthened. Relevant departments should carry out comprehensive and systematic management of shadow banking, have a dynamic and real-time grasp of the development status of shadow banking in China, implement statistics of various contents, and effectively record the number and scale of shadow banking, so that shadow banking can be fully managed. Finally, the development of shadow banking should be guided. Through the analysis of economic and financial development, it is not difficult to see that shadow banking has both positive and negative effects on economic and financial development. Therefore, it is necessary to carry out correct guidance to promote its development. Province, for example, in 2018 the shadow banking showed the problem of uneven development, relevant departments have been analyzed, found that the development of local shadow Banks too fast, and its internal structure and lack of rationality, financial product ratio is too big, make the development of venture capital is not enough, the reason of the problem in a clear, after the province actively guide the shadow banking development towards the direction of the health, prevent the occurrence due to shadow banking internal structure and the risk of shadow banking function get maximum play.

Conclusion: in a word, it is of great significance to study the influence of shadow banking on economy and finance. Relevant personnel to deal with an overview of the current domestic shadow Banks have a comprehensive understanding, recognize the term is not reasonable collocation cause liquidity risk, credit to reduce the economic and financial development, such as shortage of funds is affected by the shadow banking, and through the establishment of the shadow banking supervision system, strengthening the management of the shadow banking, to lead the way such as shadow banking development, to ensure stable, long-term development of domestic shadow Banks.

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jeki2011-blog · 5 years ago

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Economics is a failing discipline doing great harm – so let's rethink it

Andrew Simms

Something is killing conventional economics and it’s probably an inside job. Reliance on abstract mathematics and absurd assumptions has brought the discipline into disrepute, even if politics and policy are guided by the ghosts of its teaching.

Nobody was surprised recently to learn that the price of the overdue and over-budget HS2 high-speed rail project could rise by another £30bn. People were surprised to learn, however, that in the cost-benefit analysis used to justify the original project, planners assumed that no passengers work while on a train. That made the times savings on the new line look more valuable than they really were.

But curiosities like that are nothing compared with the epic, conceptual departures from the real world made by the economics mainstream in recent years. Risk models used by the investment bank Goldman Sachs suggested that the financial crisis of 2007 should have been in effect impossible. And have you ever wondered why privatisation continues in the face of repeated failures from care services to railways, and in spite of pledges to rein them in?

It’s because neoclassical economics has so deeply entrenched the notion that markets are better than all other ways of organising life, that decisions escape rational scrutiny. Academic economists will tell you that their discipline offers a far more complex picture of the world. But, at the policy level, what tilts a spending decision one way or the other is the simple power of the seeming “folk wisdom” that markets are best. It becomes the rule of thumb.

They might look less good if the assumptions on which the equilibrium models that got us here were more widely known. The idea of perfect markets under perfect competition, for example, asks us to believe in a world where everybody knows everything, there are an infinite number of companies, no barriers to setting up a business, where any product can stand in for any other (say, a banana for a tractor) and, crucially, there are no “externalities” (economic speak for “consequences”) from production or consumption.

All models use a few simplifying assumptions, but those underpinning mainstream economics more often distort and detach from reality. It’s one of the reasons why students have rebelled, forming groups to demand that universities take a more pluralistic approach to teaching economics. Katie Kedward left a banking job in the City for ethical reasons and sought a degree that would make sense of economics. Despairing at the unreality of mainstream courses, she found a rare exception: a master’s in ecological economics at the University of Leeds. The course, though, isn’t even taught in the economics department but the School of Earth and Environment. That’s why new groups are emerging to promote heterodox economics, which draws on the insights of the study of complexity, neuro and behavioural science, ecology, feminism and the core economy of family, mutualism and community.

But there’s an awfully long way to go. Late last year, on the day that the Intergovernmental Panel on Climate Change released its starkest warning yet on the importance of holding global heating below 1.5C, William Nordhaus was awarded economics equivalent of the Nobel prize. Nordhaus is famous for applying conventional economic models to environmental issues. Using his toolkit on climate breakdown, infamously he came to the conclusion that an optimal economic approach would allow warming of at least 3C – the level that climate science shows would cause catastrophic, irreversible change.

For anyone outside economics that might seem bewildering, but the blase disregard of the economy being a wholly owned, and utterly dependent, subsidiary of the biosphere is perfectly symbolic.

Economics has a reputation for being dismal because it seems to delight in making itself confusing and inaccessible. Real progress, and better decision making, is hard to imagine without demystifying the discipline and breaking the singular grip of old school, neoclassical teaching.

For that reason, my colleague David Boyle and I dared to write a beginners’ guide for the complete non-expert. In it we ask some heretical questions that that could get us expelled from most university economics departments, such as: is the price mechanism so clever, or rising productivity always a good thing? We talk about the trouble with growth, and why working less might be better. Our common starting point is that the economy should serve rather than dominate people, and that it must work within planetary ecological boundaries.

Roasted by heatwaves, this year the world went into ecological overshoot on 29 July, the earliest yet. Unless we begin again with economics, understanding and letting go what has gone wrong, and letting more of the real world in, one day soon everything will have fallen apart and nobody will quite know why. But the answer will be: it was the economy, stupid.

• Andrew Simms is co-author with David Boyle of Economics: A Crash Course, published this week

https://amp.theguardian.com/commentisfree/2019/aug/03/economics-global-economy-climate-crisis

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jggjean7050203-blog · 7 years ago

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isaacscrawford · 7 years ago

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Which Is More Efficient: Employer-Sponsored Insurance or Medicaid?

By SAURABH JHA, MD

An old disagreement between Uwe Reinhardt and Sally Pipes in Forbes is a teachable moment. There’s a dearth of confrontational debates in health policy and education is worse off for it.

Crux of the issue is the more efficient system: employer-sponsored insurance (ESI) or Medicaid. Sally Pipes, president of the market-leaning Pacific Research Institute, believes it is ESI. Employers spend 60% less than the government, per person: $3,430 versus $9,130, per person (according to the American Health Policy Institute). Seems like a no brainer.

Pipes credits “consumerist and market-friendly approaches to health insurance” for the efficiencies. She blames “fraud,” “improper payment,” and “waste” for problems in government-run components of health care.

But Uwe Reinhardt, economist at Princeton, counters that Medicaid appears inefficient because of the risk composition of its enrollees. Put simply, Medicaid recipients are sicker. Sicker patients use more health care resources. Econ 101.

The points of tension in their disagreement are instructive.

Is ESI free market?

The term “consumerist” instinctively appeals to competition and choice, elements we value in free market. However, health care can’t be compared to shopping for single malt in airport duty free, deciding between Talisker 18 and Glenlivet 21.

ESI is hardly an assortment of private units functioning autonomously and competing with each other. ESI has been carved by so many regulations that the government figuratively runs through its veins.

Do you wonder why insurers in ESI don’t surcharge a family with a child with Tetralogy of Fallot? That is increase their premiums astronomically or deny coverage because of a pre-existing condition.

Goodness of heart? No, it’s because of the government.

This means that young fit joggers are subsidizing the costs for the unfortunate child’s complex cardiac surgery. Insurance is redistribution.

Risk adjustment: Comparing apples and oranges

Failure to adjust for comorbidities makes it difficult to make comparisons in quality, value and performance.

Not only are Medicaid enrollees sicker, they are poorer and less empowered. A priori they are a more inefficient group to deal with than the employed middle class.

I’ll hazard a guess that Sovaldi (medication for hepatitis C) won’t increase Microsoft’s health care bill as much as the state of Illinois’. One, of course, would not credit Microsoft’s cost savings to greater efficiency through clever free market insurance design.

However, in policy discussions comparisons between apples and oranges are commonplace. Life expectancy and infant mortality are used to compare U.S. health care to countries such as Cuba or France, when adjudicators well know, or should know, that there is more nuance. Using metrics which can be affected by social determinants of health is misleading.

Is Medicaid an island?

There are no islands in health care.

It’s important not to make the same logical errors with Medicaid as with ESI. Medicaid is not an autonomous government unit. Its recipients aren’t sent solely to safety net hospitals. For most parts Medicaid recipients share the same system as folks on ESI; a system which, arguably, has been sculpted by ESI, for better or worse.

This means there’s interdependence between ESI and Medicaid, or between a government-regulated/ government-subsidized system and a government-regulated/ government-funded system.

Interdependence would be suggested by cost shifting, where costs of seeing Medicaid patients are shifted to ESI. Even if there is no convincing evidence of cost shifting, as Reinhardt cautions but Pipes disagrees with the caution, this interdependence is not diminished. Providers, or hospitals, might happily see Medicaid patients knowing they can still enjoy good returns from ESI, without purposely shifting costs to ESI, or other forms of insurance.

Politics, Ideology and Medicaid

Medicaid is more than a system of reimbursing physicians. It has become an ideology. Any criticism of Medicaid leads to the unfortunate conclusion by some well-intentioned individuals that the purpose of critique is to send the poor to workhouses and let them die – de facto eugenics. No rational discussion can be had when people shout “Republican reforms kill.” The mob clouded the judgment of Pontius Pilate – and that was before Twitter.

Good intention does not mean access, though. Medicaid recipients have a problem of access. This is because Medicaid pays providers far too little whilst simultaneously imposing far too much red tape. Poor access is fiercely countered by some policy analysts and their fierce counter is fiercely countered by practicing doctors who actually see patients on Medicaid.

Regardless, paying providers the least when caring for the sickest, poorest and most disenfranchised section of society does no favors to that section of society.

Medicaid pays a cardiologist, with years of training, $25-40 for a consultation to manage a complex patient with multiple comorbidities, on polypharmacy, where the cardiologist must indulge in shared decision making and also ensure the patient adheres to statins.

For comparison, my personal trainer charges me $80. There’s no shared decision making – he tells me to do “burpees” and I must abide or face his wrath.

Serve and volley at the margins

Both Reinhardt and Pipes cite several studies supporting their point of view. One wonders whether policy wonks truly can form opinions solely from evidence since it’s so easy to cite evidence to support one’s prior convictions and subconsciously disregard or criticize the methodology of studies which refute our convictions.

For example, outcomes are often used to adjudicate the efficacy of treatments and healthcare systems, and the same constituency which flags poor outcomes when comparing the US healthcare to Sweden’s asks that these outcomes not be used to assess the efficacy of Medicaid. I agree with them as strongly as I disagreed with their use of life expectancy to judge American healthcare.

Disagreements are common because economics is not a hard science such as physics. It does not so much get us to the objective truth as it does to the action at the margins through methodology that is not as robust as the physical sciences, yielding different results on different occasions.

Who is correct, Reinhardt or Pipes?

In a sense both.

Reinhardt is right. Medicaid recipients are not the same as those enjoying ESI.

Pipes is right. Medicaid has structural issues. It pays physicians too little compared to ESI.

This begs the question which reimbursement corresponds to the fair market price in health care: Medicaid or ESI. We will never know because health care has not operated as a free market, and never will. And ESI does distort the price signals as do mandates and virtually everything else.

But here is the important point: ESI is going nowhere. Neither the most left-leaning Democrat nor the most right-leaning Republican has the courage to rid health care of ESI.

What’s the objective truth? Which system really is more efficient?

The truth lies in the answer to this: Would ESI deliver the level of care enjoyed by ESI recipients with paucity of cost sharing that Medicaid recipients face to Medicaid enrollees at a lower cost than Medicaid?

For Medicaid recipients cost sharing should be zero otherwise it defeats the purpose of a safety net. But remember we want them to have the same level of care as ESI for a true apples-apples comparison.

It’s practically impossible to conduct a randomized controlled trial to answer this question. Nor does empiricism suffice. All quantitative analyses have assumptions. With regards to assumptions I can do no better than paraphrase Groucho Marx: “Those are my assumptions, and if you don’t like them … well I have others.”

Importance of disagreements

The current system does not have many genuine alternatives. Single-payer is out as is a genuine free market. As politicians don’t wish to talk about costs because of political expediency, all we are arguing about is which part of health care has the most administrative cost/ informational loss. This is at best a marginal argument. To resolve this argument I would encourage more dialectic between partial truths.

But if Medicaid truly is a high risk pool, and I believe it is, then it should be treated as the other high risk pool – Medicare. Which means that the poor and sick, the uninsurable, should be covered by the Federal government through general taxation. I would suggest a “Medicare for the Poor” which offers the same benefits as traditional Medicare. This would allow the states to balance their budgets better and concentrate on local infrastructure, such as parks, police and public libraries.

Summary of key points

It’s more cost-efficient treating healthier patients.

Accurate adjustment for comorbidities and social determinants of health is key for any comparisons in health care. This is (never) seldom achieved.

There’s interdependence between employer-sponsored insurance and Medicaid.

No one knows true market prices in health care because it’s not a free market.

Economic analysis yields information about the margins, until the next analysis.

The poor should be covered by the Federal government through general taxation.

About the Author:

Saurabh Jha is a contributing editor to THCB. He can be reached on Twitter @RogueRad

Article source:The Health Care Blog

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fossadeileonixv · 7 years ago

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Finding Keepers

With options on deck and the Donnarumma’s in town to meet with Fasster and Mirabelli, let’s talk rationally about the keeper position.

Now THIS is a flippin’ saga!

A day after Mino’s wordy, contradictory (”It’s not about the money! But how can we accept half of what Morata was offered?”), utterly useless, staged attempt at spinning the dumpster fire that is the Donnarumma saga, reports out of Milan indicate that Mama and Papa and Don are in town today to meet face-to-face with the Rossoneri brass, bypassing Il Maiale. While the quick and rash interpretation may be that they’re here to mend the relationship with player and club to reestablish Don as the face of the franchise, you might be setting yourself up for disappointment. With the possibility of Don spending a year in the stands becoming increasingly likely, the Don’s may be in town for some damage control, maybe looking work out something that would keep Gigio between the sticks while setting up a profitable (for both sides) solution down the road. They also may be at Milanello to assure a summer transfer, seeing the relationship with player and fans far beyond repair, looking to spare Donny a year of heckling and distraction that could absolutely hinder his performance and shot at the 2018 World Cup. If Twitter is an accurate snapshot of how fans would receive Gigio for the year, it would be an almost impossible task for the kid to develop here without a long-term contract.

So with that in mind, let’s discuss some of the possibilities facing us at keeper. With the Europa qualifiers little more than a month away, the situation needs closure, like now-ish. Let’s look at the four options we have, and you fellas and gals can weigh in.

Option 1: Donnarumma stays and plays. The pros are that you have probably the second best keeper in Serie A in front of goal for an entire year, do not have to spend 10-20m on a replacement, and if resigning with the club is something both sides still think they can pull off, you have now bought time to do so.

The cons? Oof.

The biggest con in my book is that you run the risk of having a prized asset leave, to a rival no less, for free in eleven months. While I don’t think this is economically as daft as having him rot in the stands for the season, you are still leaving a ton of money on the table, and possibly losing him to Juve, which would be a blow both psychologically and in terms of competition. You also aren’t alleviating the distraction factor. If he signs a contract, fires Mino, challenges him to a ‘Buried Alive’ match at SummerSlam, and vanquishes that rotting trashcan of pig fat once and for all, that is one thing. But without some kind of a renewal, this will be a source of constant distraction. Fans will continue to grill, media will speculate, teammates will be asked how it affects them, losses will be magnified, etc. This also could create a scenario where Don struggles with form with the constant pressure from media and fans. He’s enjoyed the benefit of being the apple of our eye for the past two years, but with the innocence now gone, we aren’t going to be quite as forgiving. Can an 18 year-old build off of, or even reproduce the type of season he had this past year under the microscope? I’d rather not experiment with that.

Rockett’s Final Take: Not an Option

Option 2: Donnarumma stays and sits. A lot on folks both here and on Twitter seem to like this option and I truly don’t understand why. One, you do not remove the distraction element of him remaining on the team. If and when Perin goes down or struggles, and you’re playing Storari in the Derby while an exponentially better option sits in the stands, are you really going to sit there with a straight face after losing 2-0 and tell me that it was worth it? You think the media will? Even if this scenario doesn’t materialize, you would have the perpetual transfer rumors, Mino meetings, and icy tales from the locker room as a subplot for a team trying to reach the Champions League. This compromises all the really good things and significant investment that this management team has accomplished so far in this window (And they’re not even done!). This scenario also means Don is without a contract and Milan loses not only the economic benefit of either signing or moving him now, but having a say in where he goes. If we ship him to Madrid now, yeah you may be selling short, but you’re still getting a return, and you’re decidedly keeping him away from Juve. The sit and rot approach undercuts both benefits.

I was mad four days ago as you may have noticed with my ‘F#ck Off’ post and I still am. But even with my reddest face, this option made no sense. Fine, you got your silly revenge for a goddamn year and it feels great. But let me know how it feels if and when the kid takes the baton from Buffon and plays behind the best defenses in the world for the next twenty years. Not gonna feel so awesome! Make a cost/benefit analysis of this one if you have to, guys. We all want blood, but think straight.

Rockett’s Final Take: So goddamn dumb. Pass.

Option 3: Donnarumma resigns, lights Mino on fire, and plays. Has the damage already been done? You tell me. Four days ago I would have spat in your face for considering this (okay, not really), but I’ve cooled off some and here’s my take: This is actually the ideal outcome. No, I swear I believe this. You keep Italy’s second best keeper, avoid having to waste transfer funds on another keeper, keep him from joining Juve, almost completely eliminate the distraction element of his staying here, and allow time to heal the wounds. The catch though? Mino has gots to go. There is simply no way or no reason to keep the kid as long as you have this annual threat by Raiola to move the kid to a ‘bigger’ club. You may be setting yourself up for a bigger transfer return in a year or two, but your really just kicking the ball down the road. Keeping Mino keeps the distractions and doesn’t really convince the fans that you deserve the shirt. You’re still Dollarumma in my eyes, just using the club for a bigger contract with Madrid, PSG, or Juve, and you won’t be able to convince me otherwise. Resigning, to me, means nothing without letting go of Raiola, which admittedly, doesn’t seem likely.

Now you may be asking yourself? Really Rockett? I thought you said you wanted his career to be marred by a prostitution scandal? I did say that. And I’m proud of that line. My take is this though: When I watched clips of Donnarumma in Poland being showered with fake bills, at first I was like ‘Yeah. That’s pretty sweet’. And I still think that was pretty good. But I also see a legit child. One that fits the bill of a professional keeper, but a child nonetheless. Yes, he’s playing an adults game, is making adult decisions, and in many respects, needs to deal with the consequences of these decisions as an adult. And this whole debacle, no matter how it pans out, is a harsh but deserved lesson in adulthood.

But as someone who really struggled to find his feet as a teen and was too easily willing to take the really poor advice of the peers who he naively believed were in his corner, I can’t help but sympathize a little with the kid. Because he’s so goddamn good, and because we loved him so much, it is very easy for us to lose sight or completely ignore both his age (and immaturity) as well as some of the surrounding circumstances. When discussing this with one of my coworkers last night (A f*cking ‘Pool fan), he just kind of chuckled and said “Isn’t he like twelve? What did you expect?” At his age, Don probably didn’t understand or appreciate what it meant to kiss the badge, to greet the ultras every match, have a personal song created in his honor, to say that he ‘loves’ the club, or what it even really means to wear the jersey. I can’t really expect a kid that was catapulted into his position at sixteen to understand all that, superimposing it on my own lack of appreciation for certain things at his age. The backlash is harsh and deserved (though the threats are shameful), and much like our own childhoods, hopefully matures him. But when I take into account his age, his agent, and if reports are to believed, his family, I’m willing to put this all in the rear-view under the right circumstances.

Rockett’s Take: If you win the buried alive match, I can forgive.

Option 4: Donnarumma leaves, and Perin, Neto, or that German dude come in. This seems the most likely scenario in my eyes, and depending on the hour of the day, might even be more preferable than keeping him around. Part of me is just like, we gotta put this behind us and move on. Out of the three options, I like Perin the most and this is familiarity bias for sure. Yeah, the ACL stuff is concerning, and it doesn’t bode well that he’s only had like two full seasons in his career as a goddamn keeper. But one, he’s Italian, which sorry, means something to me, and two, is a very good keeper with an almost identical save percentage to Donnarumma. You run the risk of seeing more Storari than you would ever hope, but for the price (10m +/- 3m), you’re getting a very good keeper if he can stay healthy. I mean the hair and beard... we’ll work on that.

I know legit nothing about the German cat other than there have been a lot of statistics floating around Twitter that look promising. 20m for a young, rated keeper seems fair, and I’d take this move too. But Neto? Ehhhhh. I didn’t think he was terribly special at Fiore and while his stats may have been impressive at Juve (something like 2 goals allowed in 900+ minutes) consider the back-line. But my biggest gripe is giving money to thieves. I’m just not terribly enthused about giving Juve money for something when there are other, more desirable, options. I also don’t really want Montella bringing back any more of his old Viola pals because, well, the team wasn’t really as awesome as he thinks it was.

Rockett’s Take: Perin, Leno, yes. Neto, pass.

Okay folks, sound off below, and as I’m on nights this week, feel free to provide updates on the meeting. Be good!

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