CNBC finally gets it!

Jon Stewart Eviscerates CNBC and Rick Santelli - March 4, 2009


Thank you John Stewart! I try and watch this channel a lot, because of my interest in becoming a fund manager. I have it on at work and I watch "Squawk" in the morning but seriously MOST of the time its like watching ESPN when all of the professional sports are in the off season at the same time. We're stuck in a 10 minute loop that changes every 12 hours!

So please stop trying to constantly remind us of the bad news. They were wrong. We were wrong. And best of all, you were wrong. I get it. Now let's move on, you money hungry jerks.

Student Loan Payback Based on Earnings... PURE GENIUS!

"Instead of paying upfront or taking loans with repayment schedules unrelated to income, students would accept an obligation to pay a fixed percentage of their income for a specified period of time, regardless of the income level achieved. Suppose a university charged $40,000 a year in annual tuition. A standard 20-year loan in the amount of $160,000 (40,000 times four) would produce an immediate postgraduate debt obligation of $1,228.50 per month, or $14,742 per year, not sustainable at a salary of $25,000 or anything close to it. Under a smart loan program, the student could pay about 11 percent of his income, with an initial payback of $243 per month, or $2,916 per year, which is feasible at a job paying $25,000. If, after five years, the student’s salary jumped to $100,000, payments would jump accordingly and move up over time as income increases. After 20 years, assuming ordinary income increase, the loan would be paid off."
Superb Idea: Student Loan Payback Based on Earnings -- GOOD


My student debt is very close to this and I have a decent job for someone my age with a Comm degree but still I don't make enough to live and pay student loans. Its the 800 pound gorilla sitting in my room. At some point its going to get up and kill me. Well this concept sounds very reasonable. I hope someone looks into it.

Quit Your Day Job

This isn't a command but a suggestion to look into turning your craft making hobbies into a real income stream through Etsy.com and other online retail websites. They have a blog post series called Quit Your Day Job where they interview people (mostly women) who have quit their day jobs to make crafts and support themselves. Not every story is the same and some live on two incomes, but its the concept that I like. Owning your own business is one of the best ways to become financial independent.

The Roots are backing up Jimmy?!?!

It's a mixed blessing, but seriously it might be my only reason to watch the show because whenever Fallon talks... it feels like an SNL skit.

"But ?uestlove says the band's new job has "enabled us to survive. "This would basically match or surpass what we would make touring 200-plus days out of the year. And, two, this allows us to be home," he said.... Seeing hip-hop regularly on a late show will be revolutionary in itself, but the Roots are more than a hip-hop band. Their debut "Do You Want More?!!!??!" had obvious jazz influence. The group may be best known for their Grammy-winning collaboration with Erykah Badu, "You Got Me"; Their hit off their 2002 disc "Phrenology," performed with Cody Chesnutt _ "The Seed (2.0)" _ is one of the best rock songs of the decade."
"The Roots: We Wouldn't Have Survived Without Jimmy Fallon" -- Huffington Post