On On "Marrying Down"

My ex-husband was a chef and his highest level of formal education was a high school diploma. I have a law degree. Once, while out with law school friends, a woman at the table I only vaguely knew announced she couldn't imagine dating someone without a college degree! I definitely told her my husband only had a high school diploma. I was never ashamed. He was very intelligent. Had high end hobbies (loved the opera and classical music). So who gives a sh*t what his education was?

Posted on January 29, 2014 at 4:12 pm 0

On Though You Were a Strong Candidate, We Decided to Go With Someone Else

In the last 18 months I have participated in the hiring of 5 people for my office and I'm here to assure you that it's really hard! Some people are perfectly great candidates but for whatever reason they don't fit your exact need at that moment. Good luck to all the unemployed. I wish I could hire you all!

Posted on January 27, 2014 at 4:36 pm 0

On Careers Seriously Considered Because of TV

I'm a lawyer and will proudly admit I went to law school so I could become an FBI agent (a law degree is one way you can become an agent). It is with more reservation that I will admit I wanted to be an FBI agent because of X-files.

Posted on January 27, 2014 at 11:02 am 3

On How a Wealth Manager Does (Other People's) Money

EA - just by way of a more fruitful explanation, it is nearly impossible for the 'little guy' to get an issuance of a hotly anticipated IPO. For a company to go public, it uses an underwriter (Goldman, JPM, etc). The underwriter either promises to buy all the shares that are being offered (regardless of whether the public wants them) or to buy only the shares that are sold on to the public. In a case anticipated IPO, all of the underwriters are competing to get a piece of the deal so they will guarantee to the company that they will purchase all of the shares regardless of whether they're all sold to the public. See link: In an IPO like Twitter, there are 7 underwriters who have agreed to buy 70 million shares from Twitter and sell them to the public. http://www.sec.gov/Archives/edgar/data/1418091/000119312513431301/d564001d424b4.htm The split between those underwriters is usually unknown but it the lead left underwriter (Goldman) usually gets the biggest allocation and then it goes down from there. So say Goldman gets 20 million shares. It buys those shares from Twitter and then immediately sells them to the 'public' in the offering. But Goldman gets to decide who it sells those shares to. FINRA has some rules (5130 and 5131) that have some limits on who Goldman can allocate the IPO to, but in general they are free to reward their good customers. If you think of it from the underwriters perspective, they want to give the IPO to the customer that does millions (if not hundreds of millions) of business with them each year, rather than a stranger who wants a few shares.

Posted on January 9, 2014 at 9:52 am 0

On Executive Excess and the SEC

Regardless of what you think about CEO pay, the SEC rule is sorta silly. CEO pay is already required to be disclosed. Showing a comparison to average employee pay doesn't necessarily mean anything. A CEO of a firm doing medical research with highly compensated average employees may earn a lower multiple against the average employee than a CEO of a firm with mostly minimum wage workers. Doesn't necessarily mean one is overpaid.

Posted on August 29, 2013 at 11:19 am 0

On What We Left in the Vilnius Airport

@angry little raincloud The trick is to be absolutely paranoid that they are trying to screw you at every turn. Reading all the fine print and expecting the worst will help you come out ahead. I understand how some people don't want to do this, however, because what you save in money you lose in a headache/hassle. The weirdest requirement they have is that for non-EU passport holders, you need to go to baggage check-in and have your boarding card stamped before you go to the gate. For no reason. I saw them deny a guy boarding (even though he had his boarding pass and a valid passport and time to go back and get it stamped). Makes no sense. Yet they were able to squeeze more money out of this poor bloke by making him pay rebooking fees for the next flight.

Posted on August 5, 2013 at 12:07 pm 0

On Food Truck Tipping

I hate the idea of tipping at places like foodtrucks because I think the whole concept just reinforces racism/classism issues. Why would you tip someone for putting your food in the bag at a truck but not at McDonalds? It seems like the only reason is one worker is poor and probably brown and the other is a young, overeducated probably white kid. I bet this kid that is whining would never tip at the deli. Those guys work crazy hard and fast to put together big breakfast and lunch orders. But somehow his heart doesn't bleed for them. I would much rather everyone benefit from higher minimum wages than everyone have the same shit wage and some white hipster kids benefit from guilt tipping.

Posted on July 31, 2013 at 11:14 am 4

On I Declared Bankruptcy, And I'm Neither Proud Nor Ashamed

@seaermine We should stop looking at accumulating debt as a moral failing unless we impose a moral obligation on the lenders as well. Sure, it's sorta shitty that people promise to pay something and then they don't. But it's just as shitty that lenders give huge credit limits to teenagers and let them rack up way more debt than they will ever be able to pay off. The credit card companies know the game. And somehow, even with the bankruptcy system we have in place, they still end up making money.

Posted on July 29, 2013 at 3:53 pm 7

On Considering Culinary School

Culinary school ranks between massage therapy school and law school as one of the biggest scams going. My ex was a chef and he was fortunate enough not to have attended culinary school. He did take a few classes at a low cost community college but never stayed long enough for the certificate. He learned by working on the job. Learning to cook is a skill that is well-suited to apprenticeship. It's true it is harder to find an entry level job for a cook that didn't attend culinary school, but ultimately hard work and skills in the kitchen far outweigh even the fanciest degrees. (Some jobs - like corporate kitchens, cookbook testers, etc require a degree but those who want to be a chef are much better off apprenticing).

Posted on July 16, 2013 at 11:52 am 0

On Not an Elite Flyer? Sorry, No Seats for You at the Moment

I'm not sure why this is outrageous. I'm a frequent flier and I would be outraged if I flew with the airline over and over and I was offered seat 41J. There are airlines that only cater to discount fares and those airlines are hell. So if the only thing that keeps your carrier from giving your Ryanair-like service is the blocking off of seats for elite customers, than so be it.

Posted on July 12, 2013 at 11:40 am 0