Interesting

Random blurbs:
Interesting Article on consumer spending and debt.
I wish I had read "A Million Little Pieces" before this hubbub about James Frey LYING about EVERYTHING in the book came out. Somehow knowing about his mostly privileged life makes me feel ambivalent about his rambling Randomly capitalized Sentences. Why would it be acceptable from a poor, barely literate guy? Condescending societal condoning I guess. Go ahead and get into drugs, you poor bastard. Then write a Novel about it and get rich, and you'll have had the American Dream. *links stolen from Mac Hall. I'm sorry I'm so unoriginal.*
But from a rich guy? If you get into drugs when you're rich...who feels sorry for those guys? Take Paris Hilton. If she wrote a book about her struggle's with drugs, there's no way I'd buy it. Now why is that?
More later after I drive up to SF. Have fun in the canyon PB!

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The blog did something funny, so I've cut and pasted Adam's old comment here after deleting my duplicate post.
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If this is true, then these findings are really interesting. There are still some interesting questions to address though, such as:
- has the school system actually declined since the last generation, or is it just a percieved decline?
- how do people measure the quality of a school?
- what events cause the decline in a given school/district? Is it a relocation of wealth to newer neighborhoods, a decline in teacher quality, standardized tests, etc...
- would improving the overall quality of all schools be enough to cause the real estate market to adjust, thus lowering the value of certain neighborhoods while increasing the value of others?
paris
I don't think I would ever spend any money on Paris anything. She is incredible annoying.
But I completely agree with your point.