On How the Baby-Sitters Club Does Money: Claudia

Can some of the BSC members be financially stable? Why is that so hard to imagine? They've been taking on responsibility and managing income since they were 13 (or 11!), they have to have applied some of that to their adult lives & careers... (This is more general though - Claudia would not be my pick for financially stable either. e.g., I would have pegged Kristy to have been the only woman in the room in the early tech boom and be a successful VC by now, planning when she can retire and focus entirely on her and her partner's philanthropic goals via a foundation...)

Posted on July 10, 2014 at 3:25 pm 0

On Label Whoring at Thrift Town

Love this article so much. My personal best thrift experience was making an instant $5 on a pair of pants - bought them for $5 and, upon wearing for the first time, discovered a $10 in the pocket. I think they were Theory, too, but the Value World* employees didn't know that brand :) *Ohio's Thrift Town equivalent

Posted on July 10, 2014 at 3:18 pm 1

On Silicon Valley Ladies Are Doing It For Themselves

To be clear, most of the money in VC funds comes from institutional investments, like pension plans and endowments, not from the VCs themselves (they're "general partners," vs. "limited partners" who put up the money). So, venture capital is special money from pensions and endowments that well-paid people use to make more money for the pensions and endowments. And yes, it's hugely male dominated, so this is great news.

Posted on February 26, 2014 at 3:49 pm 0

On The Ivy League Churn

Were Ivy League graduates EVER "creating new companies or helping young ones thrive" in numbers to speak of? Either way, this article is just generally terrible. No data, basically a pitch for Venture for America - which is probably a fine organization, but this is a weird way to sell it.

Posted on February 14, 2014 at 1:46 pm 0

On Where Do You Put Your Children on Snow Days?

@lemonadefish Should have been more specific - I was referring to NYC where school buses aren't a factor (for most of the student population) and public transportation is up and running on days like today, despite the snow. Obviously we don't want school buses on the road in iffy weather.

Posted on February 13, 2014 at 5:41 pm 0

On We Bought An Ice Cream Store

Good luck! And as a former Clevelander, one suggestion: make sure many of your flavors go well with Malley's hot fudge :).

Posted on February 13, 2014 at 1:59 pm 0

On Where Do You Put Your Children on Snow Days?

Also, for many children, school provides the only hot meal(s) they get all day. I think Carmen Farina pointed this out in her remarks this morning, or maybe it was additional commentary in whatever article I read. We need something in between canceling school completely and requiring kids & teachers to come in (okay, "parents' discretion," but it still counts against students & schools as far as attendance). Combine classrooms for teachers who can't make it in, have lots of silent reading time or play games, don't give tests so kids who choose to stay home don't fall behind, but provide structure and food for kids who can get to school and/or don't have any other options.

Posted on February 13, 2014 at 1:57 pm 0

On Should I Take a One-Year Dream Fellowship, Or a Great Job Offer From a Private Company?

The way the question is written, the fellowship doesn't sound like a sure thing yet. If there's any remote chance of *not* getting the fellowship (i.e., super competitive year, funding being cut, ...) TAKE THE JOB. A bird in the hand, etc.

Posted on February 10, 2014 at 6:46 pm 1

On Getting Teens More Interested in Thinking About Money

Simulations like the one pitched by the credit union are actually really cool, when done well. I've volunteered as what they call a "salesperson" several times at a middle school. Students have a backstory (education level, family size, etc.) that informs their salary level and debt. They calculate post-tax monthly income and then need to create and execute a budget by going to each station to "purchasing" everything from transportation to food to childcare. There's also a "chance" booth where they draw a card that could be anything from "inherit $1,000 from your great-uncle" to "roof collapses, spend $2,000 in repairs." It's always incredible to see the lessons clicking in 13-year-old heads. When I've worked the "car" booth, someone(s) ALWAYS come back to exchange their "Sports Car" for a bus pass because they got to the end of their list of required expenses and realized they were out of money. It seems obvious, but most teenagers haven't yet aligned their ideas with reality. Anyways, the winning idea sounds good too, but if you ever get a chance to volunteer with or run a financial literacy simulation, they can be great.

Posted on February 5, 2014 at 11:05 am 0

On The Erosion of the Middle Class Via the Business World

It seems like the real explanation is that consumers are becoming increasingly VALUE-conscious, and the "middle class" focused chain stores are (finally) being exposed for offering little in the way of value.

Posted on February 4, 2014 at 12:55 pm 0