Gaming Chevron’s Feel-Good Campaign
From the :
Here’s the fake site, which calls for the company to “support small business,” “put profits to good use” and get “behind the development of renewable energy.
And here’s the less-exciting real site, in which Chevron says only that it agrees oil companies should clean up their own messes.
KaChing’s Problem (now WealthFront)
What is it? You purchase access to ‘top fund managers’ for $10,000.
“So far Wealthfront has vetted and approved 25 fund managers– less than one-tenth of those who have applied. In the last year, those managers have outperformed the S&P 500 by more than 6%, net of fees.”
And then you get to make bank apparently:
“It’s relying on numbers to make its case. Wealthfront tries to bring upper middle class investors the same investment methodology that Ivy League endowments use. Ivy League endowments have beaten the broader markets by an average of 10% a year for the last decade, and as a founder of Benchmark Capital who also serves as a board member for the University of Pennsylvania’s endowment, Rachleff knows a few things about how they work.”
LOL. But some facts that are important:
- Overall, indebtednes of the 287 private, nonprofit universities rose to a record $75.4 billion in 2009. Almost doubling in 5 years.
- Harvard lost 27.4% of endowment. Stanford 27% (not Ivy, but same approach). Yale 24.6%. All used nontraditional assets to fund operating costs rather than improvements.
Reddit Gives Bullied Girl A Shopping Spree
This is just awesome.