Have you ever wondered what these terms mean? Often you hear a reporter say, “We’re in a bear market”. What’s that all about anyways?
A bear market means the market is going down. A bull market means the market is going up. Great. So how did anybody come up with this?
It turns out that this has to do with how these animals attack!
A bear swipes down with its claws. A bull pushed up with its horns.
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I’ve wrestled with this one for a while. It’s hard to get a grip around, but the numbers are certainly growing…
Just as the RealEstate boom is slowing in the U.S. another one is forming. The only problem is, it’s not here on earth…. This boom will be in online games or virtual worlds.
Consider this:
Jon Jacobs purchased a ‘Space Station’ for $100,000 (real U.S. dollars) in a game called Project Entropia back in October 2005. Everyone laughed at him. Now he earns $15,000/month in rent. Again in real U.S. Dollars.
Second Life, a game that’s dedicated to a virtual world was designed with a built-in virtual economy. It’s churning $5,000,000/month in real U.S. dollar transactions.
Anshe Chung, Second Life’s most notable land baron, makes $175k per year flipping virtual real estate.
Like this article? Subscribe to my RSS Feed .MerryOne has a great post talking about Public Schools vs. Private Scools. She’s making the argument for Catholic Schools. Couldn’t the same be true for private schools in General?
Now, it’s been said that a state pays $10,000/year per child. Consider an average classroom has 30 children. Where’s all the money going? Last time I checked a teacher didn’t earn $300,000 per year.
What would happen if the state ‘attached’ $10,000 to the child? Then the parents could choose what school to send thier kids too. Free market competition would take over indeed.
Right now, there is simply no accountability. One more miserable example of why goverments fail.
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