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Comment Re:Why is US public education so bad? (Score 1) 96

This, to me, is a mystery.

There's no mystery to it. Public education in the US was not founded on the principle of educating children, it was founded on the principle of indoctrinating them into being good citizens. The only change has been who gets to define "good citizen."

Comment Re:So that's only the card networks (Score 2) 127

With rates so high above prime, why do people carry balances?

Because they're living beyond their means. Sometimes, that's someone being foolish, and sometimes, it's someone in a bad spot through no fault of their own, but they feel the need to spend money they don't have.

If a tough spot where you need to bail yourself out at tremendous expense, even personal loans have better rates.

Historically, credit cards are easier to get than personal loans. At times, a lot easier.

If you need to put a large expense on a credit card, finance it specifically instead.

If you can.

Comment Re:So that's only the card networks (Score 2) 127

There's a lot of companies issuing custom branded credit cards, but they're just reselling products from one of the major companies, Visa, Mastercard, Discover and Amex. (Yes, there's a few other minor players, but they're not especially relevant. And there's in-house credit accounts a major retailers, but those are also not relevant to this discussion.)

Comment Re: Really? (Score 1) 52

Fashion models are generally the same height and size because that is what the originals are (or were, there's a lot more variation these days) made to fit, and putting your fancy, overpriced clothes on a model they don't fit isn't a good ad. But tradition is the most powerful force known to man.

In other words, because they always have.

Comment Re:Sounds like the .Com crash (Score 1) 64

It's the same thing they did with real estate. There are entire cities with no one living in them in China. And they know it will turn out that way. They use the pointless construction jobs to inflate their economic numbers, one of many ways they manipulate the reports on their economy.

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