Category: economy

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In Hungary in the 1940’s, while…

In Hungary in the 1940’s, while the country was experiencing the worst hyperinflation in recorded history, they issued a bank note with a denomination of 100 quintillion Hungarian pengős, which was worth approximately US $0.20.

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JP Morgan bailed out banks in 1907 but…

JP Morgan bailed out banks in 1907 but a severe recession occured anyway. Nelson Aldrich, a powerful senator with close ties to Morgan, led a mission to Europe in 1908 to study the workings of the central banks in England, France and Germany. The Federal Reserve was created a short time later.

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Dozens of Employees Took Bold Action Against a Greedy Business Owner

Trying to get powerful people to listen and treat you fairly can often feel like an impossible task. That’s why reminders about the power of collective bargaining are so important.

One story by Reddit user Vivian_kiki exemplifies this on a small scale, with 50 employees working in solidarity to curb the greedy and stupid practices of one particular business owner. The story was originally posted to the subreddit r/ProRevenge but has since been removed by moderators, apparently for not being revenge-y enough.

But I say hard-nosed negotiation can be pretty badass too. I’m glad to see that Fail Blog saved the screenshots so that it lives on.

It’s a bit of a read but well worth your time. I’ll let it speak for itself.

Part One

Original post by Vivian Kiki on Reddit, archived by Fail Blog

Part Two

Original post by Vivian Kiki on Reddit, archived by Fail Blog

Part Three

Original post by Vivian Kiki on Reddit, archived by Fail Blog

Part Four

Original post by Vivian Kiki on Reddit, archived by Fail Blog

Part Five

Original post by Vivian Kiki on Reddit, archived by Fail Blog

Part Six

Original post by Vivian Kiki on Reddit, archived by Fail Blog

Part Seven

Original post by Vivian Kiki on Reddit, archived by Fail Blog

Part Eight

Original post by Vivian Kiki on Reddit, archived by Fail Blog

Part Nine

Original post by Vivian Kiki on Reddit, archived by Fail Blog

Part Ten

Original post by Vivian Kiki on Reddit, archived by Fail Blog

Part Eleven

Original post by Vivian Kiki on Reddit, archived by Fail Blog

Part Twelve

Original post by Vivian Kiki on Reddit, archived by Fail Blog

Part Thirteen

Original post by Vivian Kiki on Reddit, archived by Fail Blog

What’s your proudest moment of standing up to the man? We bet you have at least ONE time you did that, right?

Let us know in the comments!

The post Dozens of Employees Took Bold Action Against a Greedy Business Owner appeared first on UberFacts.

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Hilarious Memes to Celebrate the Joys of Adulting

When I grew up, I thought I was going to be rich and famous. But it doesn’t usually work like that.

Being an adult can be really liberating, but it can also find new and hilarious ways to disappoint you.

Let’s look at some of those ways now, in the form of memes. Naturally.

14. You don’t know what you got ’til it’s gone

13. Time’s gonna move fast

12. You do make the rules

11. You gotta stay wild

10. You gotta look on the bright side

9. Nobody cares about your BFA

8. The internet is forever

7. You’ll get nostalgic

6. Coffee isn’t always the answer

5. You have to do it EVERY YEAR

4. Laundry doesn’t do itself

3. You gotta set realistic goals

2. It’s hard to keep up

1. You work for beans

What’s the most bittersweet thing about adulthood in your opinion? Or the most adulting moment you’ve had in the past year?

Tell us in the comments!

Then go do your taxes, slacker.

The post Hilarious Memes to Celebrate the Joys of Adulting appeared first on UberFacts.

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Hilarious Tweets About Work You Can Read Instead of Actually Working

Jobs…

You go to school to get a job. You apply to get a job. You interview to get a job. You hope and pray and do a summoning dance to get that damn job. Then you get it, and you actually have to work.

They say “Do what you love and you’ll never work a day in your life. Do something you’re just kinda fine with and you’ll make funny tweets about it.”

Let’s look at some too-true tweets from the modern workforce. What else are we gonna do, work?

15. It’s called a day off, dammit!

14. Setting the right tone is important…

13. Aspirations change fast

12. Like I said…

11. I’d rather emails didn’t find me at all

10. I hope I’m contagious

9. Like a reverse Rebecca Black

8. It’s their fault I was up till 4 playing Zelda, right?!?

7. This cuddle could have been an email

6. These things take subtlety

5. Lord of the Fries

4. How dare you

3. This is how days get longer

2. Waking up is hard to do

1. As someone literally working from home right now, this!

What’s your favorite job you’ve ever had? What’s your least favorite?

Commiserate with us in the comments.

The post Hilarious Tweets About Work You Can Read Instead of Actually Working appeared first on UberFacts.

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Economists Say That Forgiving Student Debt Could Give the Economy a Major Boost

I don’t know if anyone in power will take these recommendations seriously, but a headline like this is probably music to the ears of the millions of people out there are struggling to pay off their student loans.

Although different politicians have different ideas and plans about how much student loan debt they would forgive (or not), economists say that forgiving student debt could boost the economy in huge ways while also fighting income inequality.

Economists argue that the debt forgiveness could boost the economy because so many Americans are limiting their life decisions based on their student loans.

A prime example is Laura Greenwood, 30, of Montpelier, Vermont. Greenwood works for the state education agency in Vermont, making $63,000 a year. She said, “I make probably a better salary than a lot of my peers.” But, she added about a major life decision, “Children, it’s not about if you want them. It’s about can you afford them?”

Greenwood said she owes $96,000 in student loans for college and graduate school. She admits that this is a major hindrance to the decision to have kids with her partner. She said, “We’re interested in having kids, but just cost of living and all our other bills and then the student loans, it’s just like the final straw.”

Greenwood added that her debt makes the possibility of having children seem impossible.

Stressed

Economists argue that if people like Greenwood and others saddled with debt had that anchor removed, more of them would buy houses, have kids, and start businesses.

Lawrence Yun, the National Association of Realtors chief economist, said, “In the short term, it would be very positive for the housing market. Home sales could be, say, 300,000 higher annually if people were not saddled with large student debt.” According to Yun, this would be “a boost to the housing sector as well as the economy.”

William Foster, a vice president with Moody’s, said about total loan forgiveness, “There’ve been some estimates that U.S. real GDP could be boosted on average by $86 billion to $108 billion per year.” He also said, “Student loans are now contributing to what’s perceived as lower economic prospects for younger Americans.”

Stressed?

On the flip side of those seemingly encouraging statements is the fact that loan debt forgiveness would be expensive. Foster said the total for student loan debt is about $1.5 trillion – which is why it’s such a drain on the economy. He claims the federal government would have to give up $85 billion in annual revenue that it collects from these loans, which would result in a wider fiscal deficit (not that it seems to matter these days).

What do you think about this controversial and divisive topic? Should student debt loan be forgiven? Or partially forgiven? Or do you think that these former students need to pay in full?

Let us know what you think in the comments.

The post Economists Say That Forgiving Student Debt Could Give the Economy a Major Boost appeared first on UberFacts.

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This Man Has Determined That It’s Cheaper to Retire to a Holiday Inn Instead of a Nursing Home

These days, there are so many senior citizens who are unable to retire because of the ridiculous cost of housing as well as dwindling/nonexistent savings.

According to the Bureau of Labor Statistics, households that are 65 years or older spend, on average, $45,756 per year, or roughly $3,800 per month. That’s only $1,000 less per month than all U.S. households on average. We all know how the economy has swung back and forth since the 2008 meltdown, so many Americans have had a hard time retiring or haven’t been able to at all.

Because of all this uncertainty, one man from Texas has come up with a brilliant plan for his twilight years. Terry Robinson has decided that, instead of opting for the traditional retirement home, he’ll spend his remaining years in a Holiday Inn hotel.

And to top it off, the Holiday Inn will be cheaper.

Photo Credit: Wikimedia Commons

Robinson wrote a lengthy Facebook post about his plan and as of this writing, the post has been shared 132,000 times. Robinson’s post says:

“No nursing home for us. We’ll be checking into a Holiday Inn!
With the average cost for a nursing home care costing $188.00 per day, there is a better way when we get old and too feeble.
I’ve already checked on reservations at the Holiday Inn. For a combined long term stay discount and senior discount, it’s $59.23 per night.

Breakfast is included, and some have happy hours in the afternoon.
That leaves $128.77 a day for lunch and dinner in any restaurant we want, or room service, laundry, gratuities and special TV movies.

Photo Credit: Wikimedia Commons

Plus, they provide a spa, swimming pool, a workout room, a lounge and washer-dryer, etc.

Most have free toothpaste and razors, and all have free shampoo and soap.

$5-worth of tips a day and you’ll have the entire staff scrambling to help you.

They treat you like a customer, not a patient.

There’s a city bus stop out front, and seniors ride free.

The handicap bus will also pick you up (if you fake a decent limp).

To meet other nice people, call a church bus on Sundays.

For a change of scenery, take the airport shuttle bus and eat at one of the nice restaurants there.

While you’re at the airport, fly somewhere. Otherwise, the cash keeps building up.

Photo Credit: Wikimedia Commons

It takes months to get into decent nursing homes. Holiday Inn will take your reservation today .

And you’re not stuck in one place forever — you can move from Inn to Inn, or even from city to city.

Want to see Hawaii ? They have Holiday Inn there too.

TV broken? Light bulbs need changing? Need a mattress replaced? No problem.. They fix everything, and apologize for the inconvenience.

The Inn has a night security person and daily room service. The maid checks to see if you are ok. If not, they’ll call an ambulance . . . Or the undertaker.

If you fall and break a hip, Medicare will pay for the hip, and Holiday Inn will upgrade you to a suite for the rest of your life.

And no worries about visits from family. They will always be glad to find you, and probably check in for a few days mini-vacation.

The grand-kids can use the pool.

What more could I ask for?

So, when I reach that golden age, I’ll face it with a grin.”

Sounds like a pretty good plan to me.

What do YOU think? Let’s get some retirees to weigh in on this predicament in the comments.

The post This Man Has Determined That It’s Cheaper to Retire to a Holiday Inn Instead of a Nursing Home appeared first on UberFacts.