Showing posts with label Math. Show all posts
Showing posts with label Math. Show all posts
Saturday, August 2, 2014
Rob Arnott interviewed by Barry Ritholtz
Rob Arnott who turned the world of passive index investing upside down, interviewed by Barry Ritholtz
Rob Arnott turned the world of passive index investing upside down. Best known for creating “smart beta,” Arnott creates models weighted b y four factors: Sales, profits, book value and dividends. Market cap is not relevant to him.Funds running Arnott’s models manage about $200 billion dollars in smart-beta strategies. Assets have increased by 59 percent last year. Produced by Bloomberg View, on July 19, 2014
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Tuesday, September 11, 2012
Chicago shows failing of Obama Democratic Party Policies
Chicago teachers are either the highest paid in the U.S.(according to Chicago Public Schools) or second-highest paid (according to the teachers union). In either event, the Chicago teachers strike is hard to justify when you look at the math--or what some call the "arithmetic"--
How Much Do Chicago Public School Teachers Make? « CBS Chicago: "Regardless of where Chicago teachers currently rank in salary, Civic Federation president Laurenence Msall said there’s one big roadblock to a big raise for teachers. “It’s math. It’s not really politics, as much as it gets caught up in politics. The financial situation of the Chicago Public Schools is dire. The situation of the State of Illinois – that provides significant funding to the Chicago Public Schools – is dire,” he said. “The property tax payers in Chicago are beleaguered. They’re seeing a drop in their property values, and to be asking them to pay increased property taxes, so we can fund increased salaries for employees is something that’s gonna be a very tough political sell.” Msall said there’ simply not enough money to support a significant pay hike for the teachers."
Bottom line--what you're seeing in Chicago is Obama Democratic Party politics come to full fruition. Suck the public treasury dry for public worker salaries and benefits. All those union donations to Democratic campaign coffers have driven Chicago and Illinois to the brink of bankruptcy--and it is still not enough! Is this what you want for the rest of the country?
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How Much Do Chicago Public School Teachers Make? « CBS Chicago: "Regardless of where Chicago teachers currently rank in salary, Civic Federation president Laurenence Msall said there’s one big roadblock to a big raise for teachers. “It’s math. It’s not really politics, as much as it gets caught up in politics. The financial situation of the Chicago Public Schools is dire. The situation of the State of Illinois – that provides significant funding to the Chicago Public Schools – is dire,” he said. “The property tax payers in Chicago are beleaguered. They’re seeing a drop in their property values, and to be asking them to pay increased property taxes, so we can fund increased salaries for employees is something that’s gonna be a very tough political sell.” Msall said there’ simply not enough money to support a significant pay hike for the teachers."
Bottom line--what you're seeing in Chicago is Obama Democratic Party politics come to full fruition. Suck the public treasury dry for public worker salaries and benefits. All those union donations to Democratic campaign coffers have driven Chicago and Illinois to the brink of bankruptcy--and it is still not enough! Is this what you want for the rest of the country?
Tweet Follow @johnmpoole
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