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Saturday, May 26, 2012

WHAT IS WRONG WITH THE COST OF A COLLEGE EDUCATION?

WHAT IS WRONG WITH THE COST OF A COLLEGE EDUCATION?

The problem with the cost of a college education today is easily available government backed loans. Let me explain.

In 1955 when I was in Prep School the following were the costs of some retail items compared to what they are in 2012.

Prep School Harvard Ford Restaurant
Medical 4-dr Filet
School Sedan Dinner

1955 $450/yr $1753. $1.60

2012 $37,000/ $20,000/ $25.00

2012/1955 82.22X 11.4X 15.62X

When I was attending Prep School and the first year of Harvard Medical school I was able very easily able to work the 3 summer months and make the money for the yearly tuition of about $500. When attending Prep School I was working at a flower farm making 50 cents per hour. I worked 80 + hours per week (yes, that was 80 hours!) and made $40-45 dollars weekly. My mother gave me $5 to go horse - back riding at Cataldos and she put the rest in the bank for my Prep School tuition. I could easily make the necessary tuition. I was on a tuition scholarship at Harvard so that helped.

In addition I easily afforded a second-hand Cadillac while attending both Prep School and board and room while at Harvard. My parents who were regular blue - collar workers were easily able to afford the extra money.

Now, you tell me how in the devils name can a regular family afford a yearly tuition of 37,000 required in 2012? They cannot.

So here comes the government – backed loans. The colleges and universities respond by upping their tuition rates to god – forbidden rates. The poor students and their families are thrown into a debt, which is difficult to pay back, especially in our present environment. I could never have been able to afford it even in 1955 if a similar situation were occurring.

It is a real shame that the government sticks its nose in affairs of the regular economy. There is no give - away programs that I know of that corrects financial problems, especially where these problems do not really exist. If individuals were able to work whatever hours they want without government interference.

For 20 years I owned a 4-star Italian restaurant. We hired teenage busboys who were unable to work after 7 P.M. On Friday and Saturday evenings – a time when we began to get very busy, we had to let our busboys go home. Where did the go? They went out in the streets only to get in trouble. What is the government doing getting themselves involved in the free enterprise of business? Many of the child labor laws are predicated on the abuses that occurred in the 1920’s and ‘30’s. Our teenage labor opportunities have change since then and we should update the laws.

nicola michael Tauraso, M.D.
Ecuador
www.drtauraso.com
drtauraso@drtauraso.com

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Tuesday, May 22, 2012

FACEBOOK CONTINUES TO GO DOWN

FACEBOOK CONTINUES TO GO DOWN

On the third day of trading Facebook continues its downward spiral. Eventually it will reach its true value. As an entity that keeps people connected it is a great company. But as a company that makes real money it leaves much to be desired.
GM was smart when it stopped buying advertising from Facebook because they were not selling any cars. Eventually, other companies will realize the same thing. Many big companies are so stupid. They have a budget that contains a certain number of dollars allocated to advertising. But do these companies really evaluate how well each advertising scheme works?
Does the Breitlinger Watch Company really know how many watches they sell from their TV ad? Do any of the companies that make war devices know how many of their products are purchased by the general public watching these ads? I do not know anybody buying fighter planes or smart bombs. But these companies have advertising dollars allocated to advertising and they spend this money because it is in the budget.
Boy, could I save these companies a lot of money! Could I improve their bottom line!
Back to Facebook that sells either lists of their participants or expect their participants to buy the ads posted on Facebook. The hype promulgated by Facebook far exceeds the results.

nicola michael Tauraso, M.D.
Ecuador
www.drtauraso.com
drtauraso@drtauraso.com
22 Mayo 2012

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Monday, May 21, 2012

DOES FACEBOOK MAKE MONEY?

DOES FACEBOOK MAKE MONEY?

There is little doubt that Face book is making money. The question to ask is whether the companies that advertize on Face book make money. It is my belief that they do not based upon my limited research.
I know many individuals who use Face book. Some of them are so addicted that they practically live on the site. I think that they are all fools sharing their personal information with so many others, most of whom are perfect strangers. I believe that the damage done to impressionable young individuals is inestimable. There are many cases of cyber bullying that I believe is not so much the fault of the so-called bully but rather the fault of the stupid individual who believes they are being bullied.
When I was growing up there was a saying: “Sticks and stones can hurt my bones, but words can never hurt me.” This was so true then as it is today. When you see teenagers watching things said about them on the internet and they are getting so upset at what they read someone else posted about them, it is extremely upsetting especially when there have been cases of suicide by the person being bullied. I know of people who noticed something bad said about them on a posting and they are eager each day to read the next negative posting. How sad! How stupid. It is like someone who discovered that touching a hot stove hurts, and he or she repeatedly touches the stove to elicit more pain.
Physical pain is one thing. Psychological pain is another. Very few individuals would repeatedly subject themselves to sources of physical pain. But psychological pain is yet another thing. In my medical experience I have encountered many people who repeatedly subject themselves to psychological pain and repeatedly suffer the negative consequences.
Let me return to the subject of this Blog. General Motors, after studying their advertizing experience with Face book realized that their advertizing was not resulting in increased sales of cars. They subsequently ceased advertizing. As mentioned earlier of the many individuals I know who use Face book, none have ever bought anything from those who advertize there. Just this morning I asked a business associate who uses Face book daily. When asked he admitted to never having purchase anything from a Face book advertisement. Just because Face book can demonstrate that they reach millions and millions of people, how does this relate to whether any of these millions buy anything?
I am suggesting that companies who advertize on Face book examining whether their advertizing results in sales. GM did this and realized that it did not, and they are now saving millions of dollars in ineffective advertizing.
Mark Zuckerburg, the founder of Face book, is a huckster, now a very rich huckster. He stole the idea of Face book from his Harvard co-students. He is youthful and one is enticed to believe him. But this does not change the fact that he is a huckster. And now he steals from people and companies who advertize in Face book because he somehow makes them believe that they must use his product to survive financially. Nothing could be further from the truth.
On the first day of trading this past Friday, Face book opened at $38, immediately went up a few points and finally closed a few cents above its opening price. This morning, the second day of trading it is now trading down 11%. I predict it will go down further. Just look at what happened this past week. Face book was initially priced at about $25. Then a few days before they decided to increase the opening price to 38. These people are huckster hogs!
How stupid the general public is.

nicola michael Tauraso, M.D.
Ecuador
www.drtauraso.com
drtauraso@drtauraso.com
19 May 2012

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GM DID THE RIGHT THING : FACEBOOK IS A SCAM

GM DID THE RIGHT THING

General Motors did the correct thing in taking away financial support from Facebook. GM was able to prove that it was not getting sales from advertising in Facebook. How many other companies should review the sales they supposedly receive from Facebook advertising?

I know very many people who use Facebook constantly. Many of my friends practically live on Facebook. Personally I do not use Facebook because I believe it to be a scam. Besides, why should I, or anyone for that matter, share our private information for all to see? Who needs to know our private information?

But, this is the crux of the matter. I have asked all my friends who use Facebook constantly whether they have purchased anything from what they see advertised on Facebook. NONE OF THE INDIVIDUALS I SURVEYED HAVE EVER PURCHASED ANYTHING FROM FACEBOOK ADVERTISING! What does that tell you?

It tells us that Facebook is a scam selling advertising to others – advertising that eventually sells nothing. Once the public realizes this and companies cancel their advertising, I predict that Facebook will join other companies in the technology graveyard.

nicola michael Tauraso, M.D.
Ecuador
www.drtauraso.com
drtauraso@drtauraso.com

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