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Keyword: decades

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  • US Shale’s Big Squeeze

    01/24/2016 9:15:19 AM PST · by Lorianne · 8 replies
    Fiscal Times ^ | 22 January 2016 | Ed Crooks
    The boom years left the US oil industry deep in debt. The 60 leading US independent oil and gas companies have total net debt of $206bn, from about $100bn at the end of 2006. As of September, about a dozen had debts that were more than 20 times their earnings before interest, tax, depreciation and amortisation. Worries about the health of these companies have been rising. A Bank of America Merrill Lynch index of high-yield energy bonds, which includes many indebted oil companies, has an average yield of more than 19%. Almost a third of the 155 US oil and...
  • Muslim anti-Semitism is only decades old, Obama claims

    01/21/2014 4:29:41 PM PST · by Nachum · 84 replies
    The Daily Caller ^ | 1/21/14 | Neil Munro
    Experts are scoffing at President Barack Obama’s apparent belief that widespread Muslim hatred of Jews is only decades old. “Obama reveals that he has no idea, or doesn’t want to give the impression that he has any idea, about the reality of Islamic anti-Semitism,” said Robert Spencer, the author of many books on Islamic ideas and director of Jihad Watch. “Anti-Semitism is hard-wired into Islam,” from its origins before 700, said Andrew Bostom, author of three books about Islam, including “The Legacy of Islamic Antisemitism,” which lists centuries of anti-Semitic hatred, murders, pogroms and apartheid-like discrimination.
  • Chinese police seize decades-old chicken feet smuggled from Vietnam

    07/08/2013 4:42:08 PM PDT · by rawhide · 39 replies
    Fox News ^ | 7-8-13
    Police in China discovered decades-old chicken feet, beef tripe, and cartilage when they raided an illegal food storage site in the Guangxi region. Twenty tons of meat -- some dating back as far as 1967 -- was apparently smuggled by a gang into China from Vietnam, according to the Chinese news agency, Xinhua. According to a report in the South China Morning Post, the chicken feet were brought into China frozen, and then processed with bleach and other chemicals to add weight and improve color. By increasing the weight, the gang was able to turn about 2.2 pounds into more...
  • Some of highlighted mass casualties by (radical) Islam in 4 decades - 1971-2011

    02/18/2012 6:58:19 PM PST · by Milagros · 3 replies · 3+ views
    Some of highlighted mass casualties by (radical) Islam in four decades - 1971-2011 2,000-25,000 between Jordanians and "Palestinians" 1970 ('Black September').[] 3,000,000 - Bangladesh, 1971 (by Yahya Khan).[] 300,000 - Uganda (1971-1979 under Idi Amin). [] Over 100,000 - Algeria (between 1992 and 2002).[] Over 300,000 - Iraq (1979-2003) under Saddam Hussein.[] 300,000 - Lebanon 1970s-2000 by Syria and 'Palestinians'.[] 2,500,000 - Sudan, 1983-2005.[] PSMost Israeli casualties are innocent non-combatants. Most Arab "Palestinian" casualties are combatants and/or involved in violent attacks. Not to mention Arab-Islamic intentional routine in causing deaths on their side via human shields. Same goes to Hezbollah...
  • Limited household formation threatens mortgage market (Only 51% of adults are married)

    12/14/2011 7:37:58 PM PST · by 2ndDivisionVet · 4 replies
    HousingWire ^ | December 14, 2011 | Andrew Scoggin
    Single-family originations will likely dip in 2012 because of fewer refinances, according to Frank Nothaft, chief economist at Freddie Mac. The market will see a refinance burnout, Nothaft said, with a dwindling pool of eligible borrowers and higher mortgage rates by the second half of 2012. Nothaft projects $1.3 trillion in single-family mortgage originations in 2011, compared to $1.14 trillion in 2012 and $1.07 trillion in 2013. The Freddie Mac projections for 2012 come as a Pew Research Center study showed a record-low number of adults married in the U.S. About 51% of all adults were married as of 2010,...
  • Making Homes Affordable Makes Others Poor

    11/26/2011 5:48:32 PM PST · by SeekAndFind · 18 replies
    American Thinker ^ | 11/23/2011 | John Sohne
    Imagine that you are in the business of lending money. At one time, the business model was simple; money was lent to people who had a high probability of repaying it. The rules were then changed by federal government in the interest of "fairness," with laws passed such as the Community Reinvestment Act (CRA) and federal agencies like Housing & Urban Development (HUD) activated. To stay in business, you must follow the government's dictates. Then the government changes the rules again by changing the percentage of loans that go to certain types of borrowers in the interest of "fairness." Just...
  • More McMansion Subsidies (A backdoor effort to keep Fannie and Freddie in business)

    11/02/2011 10:57:39 AM PDT · by WilliamIII · 1 replies
    Wall Street Journal ^ | Nov. 2, 2011 | Wall Street Journal
    Winding down Fannie Mae and Freddie Mac was never going to be easy, given the mortgage giants' market dominance and the housing lobby of Realtors, home builders, banks and others arrayed against reform. But if even a Republican House of Representatives can't take a baby step toward a private market after some $142 billion in taxpayers losses, who will? It's a question that House Speaker John Boehner might consider as he reads a letter that Florida Republican Bill Posey and New York Democrat Gary Ackerman are circulating to fellow Members for signatures. The letter supports an amendment to an appropriations...
  • Soaring Delinquency Rates Could Crush The New York City Housing Markets

    11/01/2011 8:52:02 AM PDT · by SeekAndFind · 16 replies
    Business Insider ^ | 11/01/2011 | Keith Jurow, Minyanville
    New York is the largest city and the most misunderstood housing market in the nation. Sellers think that the market in New York has held up rather well and ask a lot for their property. Most buyers look at the listing price, laugh and just walk away. The result has been very low sales volume at prices that cause many analysts to shake their head in bewilderment. This report is written to help both buyers and sellers. If you are a potential buyer, you will learn why you need to be extremely careful to avoid overpaying on a property. If...
  • Banks Not Wanting to Lend Myth / Preventing Foreclosures Hurting Housing Market

    10/23/2011 5:24:00 PM PDT · by Razzz42 · 10 replies ^ | October, 23 2011 | Mark Hanson (Mr. Mortgage)
    Banks Not Wanting to Lend is a myth. It’s a trendy thing to blame the banks for not wanting to lend, but it’s not reality. Don’t get me wrong…most everything else might be able to be blamed on them, but not this. This is what makes the problem in mortgage and housing so fundamentally grave. It’s just not as easy as lowering rates, doing a mass refi event, or pulling Foreclosures off the market. After nearly 5 years, if there was an easy fix (such as printing trillions of dollars in order to try to create inflation) housing would be...
  • Coming Derivatives Crisis That Could Destroy The Entire Global Financial System (Bank of America)

    10/22/2011 4:55:46 PM PDT · by dennisw · 57 replies
    Most people have no idea that Wall Street has become a gigantic financial casino.  The big Wall Street banks are making tens of billions of dollars a year in the derivatives market, and nobody in the financial community wants the party to end.  The word "derivatives" sounds complicated and technical, but understanding them is really not that hard.  A derivative is essentially a fancy way of saying that a bet has been made.  Originally, these bets were designed to hedge risk, but today the derivatives market has mushroomed into a mountain of speculation unlike anything the world has ever...
  • 'Libya Likely to Become Next Iraq'

    08/22/2011 6:37:21 PM PDT · by nickcarraway · 15 replies
    PressTV ^ | Mon Aug 22, 2011
    NATO's invasion of Tripoli prompts discussion of a potential occupation of Libya where the people of Libya could experience the suffering of Iraq. Press TV talks with Jeff Steinberg, Executive Intelligence Review, in Washington who claims this is a heavy NATO invasion of Tripoli not the outcome of a civil war and that similar misery is set to befall the Libyan people as NATO moves ever toward an occupation of another oil rich Muslim country. Following is a transcript of the interview. Press TV: What do you think of the new developments in Libya? Jeff Steinberg: First of all this...
  • New Zealand hit by heaviest snowfall in decades

    08/15/2011 7:53:25 PM PDT · by Free ThinkerNY · 10 replies ^ | August 15, 2011
    WELLINGTON (BNO NEWS) -- Heavy snow fell in many parts of the North and South Islands of New Zealand on Monday, causing major disruption, closing schools, roads and airports, the local daily New Zealand Herald reported on Tuesday. Forecasters have said that more snow is expected to strike much of the country later on Tuesday, turning the novelty into far more treacherous conditions. The blizzards have already caused a number of car accidents as well as power outages in hundreds of houses which were left in very cold conditions. Meanwhile, severe disruptions are again expected on Tuesday for schools, businesses...
  • New single-family home sales fall 1% in June

    07/26/2011 9:30:43 AM PDT · by Free Vulcan · 6 replies
    Marketwatch ^ | 7.26.11 | Jeffry Bartash
    WASHINGTON (MarketWatch) — Sales of new single-family homes fell 1.0% in June as purchases in the Northeast dropped to the lowest level since the government began tracking the data in 1973. Single-family sales fell last month to an annual rate of 312,000, the Commerce Department said Tuesday. Economists surveyed by MarketWatch had expected sales to climb to an annual rate of 325,000 on a seasonally adjusted basis. Sales for May were revised slightly lower to an annual rate of 315,000. Sales of single-family homes sank 15.8% in the Northeast and 12.7% in the West. The Midwest saw sales climb 9.5%...
  • Housing starts rise 14.6% to five-month high

    07/19/2011 6:33:34 AM PDT · by Free Vulcan · 14 replies
    Marketwatch ^ | 7.19.11 | Greg Robb
    WASHINGTON (MarketWatch) — U.S. home builders sharply increased construction in June, according to estimates released Tuesday by the Commerce Department. Housing starts rose 14.6% to a seasonally adjusted annual rate of 629,000, the highest level since January, the data showed. Details underlying the June figures were also strong. There was a large increase in starts of multifamily units and a smaller gain in starts of single-family homes, the department reported. Analysts said this will be the new trend in home building as there are more renters than buyers in the market. The report was much better than expected. Economists surveyed...
  • Flat jobs data signal weakest recovery in decades

    07/08/2011 3:32:48 PM PDT · by NormsRevenge · 44 replies
    Yahoo ^ | 7/7/11 | Paul Wiseman - ap
    WASHINGTON (AP) -- The job market is defying history. A dismal June employment report shows that employers are adding nowhere near as many jobs as they normally do this long after a recession has ended. Unemployment has climbed for three straight months and is now at 9.2 percent. There's no precedent, in data going back to 1948, for such a high rate two years into what economists say is a recovery. The economy added just 18,000 jobs in June. That's a fraction of the 90,000 jobs economists had expected and a sliver of the 300,000 jobs needed each month to...
  • Gallup: In No Month of Obama Presidency Has Majority Believed Economy Improving

    07/05/2011 2:03:41 PM PDT · by markomalley · 9 replies
    CNS News ^ | 7/5/11 | Terrence P Jeffrey
    Barack Obama has now been president for more than 29 months, yet in none of those months has a majority of Americans believed the nation’s economy is getting better rather than worse, according to the Gallup poll.In fact, in no month of Obama’s presidency has belief that the economy is getting better exceeded 41 percent among American adults, a peak it reached in April 2010 and again in January 2011.In the most recent three day-period reported by Gallup—July 1-July 3—only 31 percent of Americans said they believed the economy was getting better. Meanwhile, 63 percent said they believed it was getting worse. Each day, Gallup...
  • Squatter Nation: 5 years with no mortgage payment

    06/10/2011 12:14:57 PM PDT · by DeaconBenjamin · 44 replies ^ | June 9, 2011: 9:45 AM ET | By Les Christie
    Charles and Jill Segal have not made a mortgage payment in nearly five years -- but they continue to live in their five-bedroom West Palm Beach, Fla. home. Lynn, from St. Petersburg, Fla., has been living without paying for three years. In Thousand Oaks, Calif., an actor has missed 30 payments, and still, he has not lost his home. They're not alone. Some 4.2 million mortgage borrowers are either seriously delinquent or have had their cases referred to lawyers to pursue foreclosure auctions, according to LPS Applied Analytics. Of those, two-thirds have made no payments at all for at least...
  • Wasn't the 1970s the best decade for popular music ever?

    01/29/2011 12:21:50 PM PST · by big black dog · 196 replies
    Come on. The later 1960's druggies who believed they could change the world through drugs, wild sex, and weird music came to realize they weren't changing anything -- at least in whatever sober moments they/we had. Bur we still have the music!
  • Seven Right-Wing Ballot Initiatives That Could Ruin Your Government for Decades to Come

    11/02/2010 12:18:58 PM PDT · by Libloather · 13 replies
    RATS can't STAND lower taxes. Enter at your own risk - Seven Right-Wing Ballot Initiatives That Could Ruin Your Government for Decades to Come
  • Sweden's ozone layer thickest in decades: institute

    03/03/2009 1:09:33 PM PST · by NormsRevenge · 11 replies · 618+ views
    AFP on Yahoo ^ | 3/3/09 | AFP
    STOCKHOLM (AFP) – The ozone layer over Sweden was thicker in February than it has been in decades, just a year after the second-thinnest level was recorded, the Swedish meteorological institute SMHI said on Tuesday. Measurements taken at SMHI's station in Norrkoeping, just south of Stockholm, showed the ozone layer was at its thickest in February since recordings there began in 1988, with a measurement of 426 Dobson units (DU). At the Vindeln station in northern Sweden, where measurements began in 1991, a record high of 437 DU was recorded. "We have to go as far back to the measurements...
  • Feds: Misconduct by CIA's Foggo spanned decades

    02/25/2009 1:38:53 PM PST · by NormsRevenge · 11 replies · 551+ views
    AP on Yahoo ^ | 2/25/09 | Matthew Barakat - ap
    ALEXANDRIA, Va. – A former CIA agent rose to the agency's No. 3 rank despite a record of misconduct that stretched over 20 years, prosecutors said, until his career came to an end with his conviction in a bribery scheme. In court papers, prosecutors describe how Kyle "Dusty" Foggo was investigated in the late 1980s for punching a bicyclist in a traffic dispute and for numerous relationships with foreign women that could have compromised security. ... Instead, Foggo is scheduled to be sentenced Thursday in U.S. District Court in Alexandria after pleading guilty to a single count of fraud as...
  • Voter turnout expected to be highest in decades

    11/01/2008 2:16:04 PM PDT · by NormsRevenge · 63 replies · 1,516+ views
    AP on Yahoo ^ | 11/1/08 | Seth Borenstein - ap
    WASHINGTON – Voter turnout will be the highest in decades, dwarfing recent presidential elections, experts predict. The only question dividing experts is how huge will it be. Will it be the largest since 1968, largest since 1960 or even, as one expert predicts, the largest in a century? Soaring early voting levels hint at a big turnout, but that could just be the same voters casting ballots earlier instead of more voters hitting the polls. Weather should generally be favorable, according to forecasts. --snip-- Michael McDonald of George Mason University is so optimistic he's predicting the highest level in a...
  • Election Could Decide Future of Abortion for Decades

    10/06/2008 8:56:15 AM PDT · by julieee · 18 replies · 515+ views ^ | October 6, 2008 | Steven Ertelt
    Election Could Decide Future of Abortion for Decades Washington, DC -- The Los Angeles Times, in a weekend article clearly articulated the massive stakes for the pro-life movement in the upcoming presidential election. The newspaper confirms the importance pro-life groups have placed on the election -- saying that it could determine the fate of legal abortions for decades because of the power the next president will have to shape the Supreme Court. This is important as Barack Obama has pledged to only appoint pro-abortion judges while John McCain promises jurists who won't make up the law from the bench.
  • Hoi Polloi in Eloy

    12/04/2007 9:16:13 AM PST · by GoldwaterInstitute · 74+ views
    The Goldwater Institute ^ | November 28, 2007 | Dr. Byron Schlomach
    Maybe it’s a good idea. A music-themed amusement park in Eloy just might work. True, the park would be in the desert between Tucson and Phoenix with a limited available work force and limited infrastructure for large numbers of visitors. Still, there have been surprises before. Who could have predicted Branson, Missouri? But, the developers of Decades Music Theme Park want a big favor from the state. They want their park to be a “Theme Park District.” This would be a mini government agency with the ability to issue tax-free government bonds. The bonds would be paid off with a...
  • Pace Says War on Terror Will Require Decades of Effort

    07/18/2007 6:23:59 PM PDT · by SandRat · 6 replies · 282+ views
    BAGRAM AIR BASE, Afghanistan, July 18, 2007 – The war on terrorism is going to last at least another 20 to 30 years, the chairman of the Joint Chiefs of Staff told American servicemembers based here today. Chairman of the Joint Chiefs of Staff Marine Gen. Peter Pace addresses about 400 personnel attached to Combined Security Transition Command at Afghanistan Camp Eggers, Afghanistan, July 18, 2007. Defense Dept. photo by Staff Sgt. D. Myles Cullen, USAF  (Click photo for screen-resolution image);high-resolution image available. Marine Gen. Peter Pace is visiting the U.S. Central Command area, and during his stop here he...
  • (Karen) Hughes says it could take decades to alter anti-American feelings around the world

    09/28/2006 9:23:58 PM PDT · by NormsRevenge · 43 replies · 1,137+ views
    AP on North County Times ^ | 9/28/06 | Anne Gearan - ap
    WASHINGTON -- It may take decades to change anti-American feelings around the world that have been aggravated by war in Iraq, U.S. policy toward Israel and America's "sex and violence" culture, the State Department official in charge of dealing with the U.S. image abroad said Thursday. "The anti-Americanism, the concern around the world ... this ideological struggle, it's not going to change" quickly, Undersecretary of State Karen Hughes said in an interview with The Associated Press. "It's going to be the work of years and maybe decades." Hughes, a longtime adviser to President Bush, has worked for more than a...
  • Volunteer a rock for 4 decades to military families

    08/12/2006 1:05:59 PM PDT · by SandRat · 2 replies · 216+ views
    Arizona Daily Star ^ | Carol Ann Alaimo
    Great-grandmother Anna Kitner may be Tucson's top expert in the ups and downs of military life. For three generations, she's helped troops and their families through the hills and valleys. She's held their hands over flag-draped coffins and watched them return as hollow-cheeked prisoners of war. When they arrive at strange new bases with sick children in tow, she passes out toys and hugs. You couldn't pay her to do it. She works for free as one of the longest-serving civilian volunteers at Davis-Monthan Air Force Base. "I've always been glad to do it because the need is so great,"...
  • CA: CRIMINAL NEGLECT - State prison's problems ignored for decades (Pt. 2 of 4)

    07/24/2006 8:29:52 PM PDT · by NormsRevenge · 7 replies · 436+ views
    Daily Bulletin ^ | 7/24/06 | Mason Stockstill
    When Correctional Officer Shayne Allyn Ziska was charged with conspiring to help prison gang members kill other inmates at the California Institution for Men, it wasn't the first time he'd been accused of misconduct. But it was the first time he faced any consequences. Ziska was convicted in February by a U.S. District Court judge on charges of conspiracy, civil rights violations and violent crime in aid of racketeering. He was sentenced last month to 17 years in federal prison. At his trial, several witnesses told how Ziska allowed inmates associated with the white supremacist Nazi Low Riders out of...
  • Democrats rip GOP on Social Security plan (privatizing could cause huge debt for decades)

    07/08/2006 1:34:40 PM PDT · by Libloather · 33 replies · 825+ views
    Yahoo News ^ | 7/08/06 | MIKE WILSON
    Democrats rip GOP on Social Security planBy MIKE WILSON, Associated Press Writer 1 hour, 21 minutes ago DES MOINES, Iowa - The Republican plan to privatize Social Security could cause huge debt for decades, a Democratic candidate seeking a House seat in Iowa, a state with a high concentration of elderly residents, said Saturday. "If the Republican plan is allowed to pass, future generations both here and across the country will be saddled with decades of debt and no guaranteed retirement security," Bruce Braley said in the Democrats' weekly radio address. Braley, 48, a lawyer from Waterloo, faces Republican Mike...
  • Largest California bond measures approved over past four decades (all come within the past decade)

    05/03/2006 7:06:18 PM PDT · by NormsRevenge · 8 replies · 315+ views
    The largest bond measures approved by California voters since 1972 have all come within the past decade: - Proposition 57, 2004: $15 billion for deficit financing, allowing the state to refinance its deficit and close future budget shortfalls. - Proposition 55, 2004: $12.3 billion to pay for new school buildings and upgrade existing ones. K-12 schools were eligible for $10 million, while higher education received the rest. - Proposition 50, 2002: $3.4 billion to fund water quality and safe drinking water projects, coastal protection and the CalFed Bay-Delta Program. - Proposition 47, 2002: $13 billion to fund construction of public...
  • Daughter shut away for three decades in bathroom

    01/19/2006 9:23:03 PM PST · by woofie · 5 replies · 736+ views
    Timeson Line ^ | 1/19/06 | Richard Owen
    A 73-YEAR-OLD woman is being investigated for “kidnapping and maltreating a family member” after allegedly keeping her mentally disturbed daughter locked in a darkened bathroom for 30 years. Police said that Annina Gentilezza had kept her daughter, Giuseppina, now 52, a prisoner in the top-floor council flat at Pescara, on the Adriatic coast. They raided the flat after being tipped off by Signora Gentilezza’s daughter-in-law. They found Giuseppina curled in a ball in a tiled room measuring 7ft x 9ft containing a lavatory, bidet, sink and washing machine. Wires hung from the ceiling where the light had been disconnected. The...
  • Mossad Chief: U.S. to Be Mired in Middle East in Perpetuity - (says we've "destabilized" ME!)

    06/10/2005 10:16:32 PM PDT · by CHARLITE · 55 replies · 965+ views
    According to Ephraim Halevy, former chief of Israel's Mossad intelligence service and current national security adviser to Israeli Prime Minister Ariel Sharon, plans have been made for a substantial U.S. military presence in the Middle East lasting decades. “The U.S. campaign in Iraq was perceived [in the Middle East and Washington] as a signal of long-term American commitment to do whatever is required and to ‘stay in the neighborhood’ for as long as needed,” commented Halevy in a lengthy op-ed column carried by the April 24 issue of Ha’aretz. High-ranking U.S. policymakers have “raised the idea of establishing an American...

    08/16/2002 7:39:49 AM PDT · by Merchant Seaman · 735 replies · 30,137+ views
    Annoyed Reader
    The purpose of's multiple message boards is to limit the topics for each board to particular topics. Posting the same message on all the boards defeats the purpose of multiple-boards for special topics. It is very annoying to see the same message on every bulletin board. PLEASE! DO THE READERS A FAVOR. STOP CROSS-POSTING YOUR MESSAGES!
  • Income Gap Up Over Two Decades, Data Show (Them & Us Alert!)

    08/16/2004 12:53:07 PM PDT · by NormsRevenge · 41 replies · 1,017+ views
    AP on Yahoo ^ | 8/16/04 | Leigh Strope - AP
    WASHINGTON - Over two decades, the income gap has steadily increased between the richest Americans, who own homes and stocks and got big tax breaks, and those at the middle and bottom of the pay scale, whose paychecks buy less. The growing disparity is even more pronounced in this recovering economy. Wages are stagnant and the middle class is shouldering a larger tax burden. Prices for health care, housing, tuition, gas and food have soared. The wealthiest 20 percent of households in 1973 accounted for 44 percent of total U.S. income, according to the Census Bureau (news - web sites)....
  • Five decades ago, Nazi case set precedent for military tribunals (subs near NY, Florida coasts)

    07/06/2004 6:24:54 PM PDT · by Libloather · 14 replies · 731+ views
    Hark the Herald ^ | 7/06/04 | Connie Cass
    Five decades ago, Nazi case set precedent for military tribunals Connie Cass THE ASSOCIATED PRESS Tuesday, July 06, 2004 - 12:00 AM WASHINGTON -- A German submarine slipped through dark waters toward New York's Long Island in June 1942, creeping so close it bumped the sandy bottom. A second settled into shallows along the Florida coast. Each sent ashore four men, who dragged crates of explosives up the beaches. They were under orders to blow up American railroads, bridges and factories. But none got the chance. All eight were arrested within two weeks. Within two months, six were executed. They...
  • Homeland defense mission may take decades

    09/07/2003 5:09:37 PM PDT · by Libloather · 10 replies · 175+ views
    San Antonio Express ^ | 9/07/03 | Gary Martin
    Homeland defense mission may take decades By Gary Martin Express-News Washington Bureau Web Posted : 09/07/2003 12:00 AM WASHINGTON — Two years after the 9-11 attacks, the massive federal agency created to consolidate and improve domestic security efforts is struggling with a mission that some say could take decades to complete. President Bush and Secretary Tom Ridge have hailed the new Homeland Security Department as a powerful weapon against future terror attacks. "We reorganized the government and created the Department of Homeland Security to better safeguard our borders and ports and protect the American people," Bush said last month in...
  • Math Through The Last Few Decades

    10/16/2002 6:51:12 AM PDT · by TheLurkerX · 3 replies · 775+ views
    email | unknown
    Here's an updated version of a classic... I find this one funnier than the original... Teaching Math in 1950: A logger sells a truckload of lumber for $100. His cost of production is 4/5 of the price. What is his profit? Teaching Math in 1960: A logger sells a truckload of lumber for $100. His cost of production is 4/5 of the price, or $80. What is his profit? Teaching Math in 1970: A logger exchanges a set "L" of lumber for a set "M" of money. The cardinality of set "M" is 100. Each element is worth one dollar....