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fbf- so you are saying that lakewood is not an option because your current situation is better than moving to lakewood. Good for you, so stop comparing. If you like it where you are, like it warts and all.
To popa’s analysis:
1. Makes no sense to do just to shift the burden on the parents. Only makes sense if it is to amortize over a longer period of time and therefore be more affordable.
2. Securitizarion makes sense when the default risks in the group are not obvious at the outset. Time will tell who defaults but at the outset all borrowers seem able to meet their obligation. Obviously, in the tuition world this is not the case.
3. You missed the point, the money the school gets each year from the kundergarten class will fund the entire school for a year. Not reasonable to think of it as an endowment for the school, they will spend the entire amount immediately and then run year 2 off the next kindergarten. Idiotic of course, because what if class sizes go down or a school is forced to close? Endowment makes sense but we wouldn’t trust the schools to manage real money.
The idea of my local rosh yeshiva being the borrower on 10 x $8 million bonds (one for each kid) is simply laughable. Think subprime risk, raised to the power of 613 factorial.
The Lakewood model (from what i understand) seems to be fair; everyone pays for their kids./
Thus the solution presents itself. Forget about fixing the world and move to Lakewood.
Avhaben, marry her.
Not really?! The example you gave fits the legal definition of assault, even if it was a joke.
I assume the intent was for a 30+ year amort.
Come now, I can’t be at fault for all the divorces!
Why the sudden modesty? OK, maybe 99% is your fault, and the other 1% is mine and the other 1% is due to other factors.
I think all divorces are the fault of people not knowing how to read a passuk in koheles, and also popa’s fault for quoting it as such intentionally.
Are you crazy? I mean that in the nicest way possible. Who in their right mind would buy those securities? Only idiots would buy debt from people who can’t afford to pay tuition. There is also no collateral to back the notes. Default rate around 100% I’d say…
Just pay your tuition and be done with it. Securitizing tuition, I mean really?
You can melt the arcs of the existing buttons into corners with a soldering iron.
I would marry an 80 year old woman if she could bear children.
It would definitely give me a way to supplement my fixed income…
Apply force, reduce opposing force. Or apply continuous force.
“what NON-“Torahdik” activies would be acceptable ?”
Learning shelo lshma 😉
What is a 900 minyan and how much is it per minute?
” the wife the First Mate who differs to the authority of the husband
Freudian slip?
Vouliez-vous dire “chaud”…
I hope you’re kidding. That stuff?
This is funny, I remember seeing a nearly identical question (involving a tow truck instead of chaverim) in the readers digest around 15 years ago. The answer applies here too- what you were charged is nothing compared to the service you received and be glad that he didn’t add a surchage for stupidity (who runs out of gas in walking distance of a gas station?).
I added that last part myself.
“The point of gemara is to be known and understood – “v’sein bilibeinu binah lehavin ulihaskil. . .” notice no mention of “likrosah”.”
Of all that was said in this thread, I think the above wins the prize for most ignorant statement. Not to mention that it’s nusach sefard.
I know a Rabbi Roach, a long time ago we were good friends. I have a picture of the two of us, if that’s good enough, but let me tell you there is nothing about his face that would scare anyone. He’s heard all the jokes about his last name already and no longer is impressed by them. Let me know if you still want the picture.
I wonder if a popa fan club thread would get so little attention.
” A monarchy under a good and just monarch operates much better than a democracy. The problem with monarchy is that there is no way to insure that.”
Of course there is a way to insure it, there is a commercial line of insurance called political risk insurance.
Maybe Hashem just likes the cheaters better. In that case, you should try to be what Hashem likes.
How is your goy feeling about today?
Popa leben, a kasha.
Far vos iz di tog anderish fun alle fritags fun der ganz yahr?
“She muel”??
Harry.
Reason c boils down to saying that yeshivos are trying to teach boys a trade. This training starts in elementry school with pushkes and I guess this is graduate school level, right?
We didn’t have to sign up for the CR, we just used the same log in as on the main site. I don’t know who was first (nor does it matter) but jphone’s profile doesn’t seem to back up noey’s claim.
Popa, you are not making sense. Maybe you guys are the only normal ones, but what does that have to do with intelligence?
Also, once you say donkey the passuk you quoted is out. It only applies to people, as you’ll see when you ask your sister what the rest of the possuk is. Oh, I forgot, you have bar ilan. Thats as good as a sister I guess.
Charlie, yoi’ve got it backwards. If I win $500M the I am rich. It’s if I don’t win that I’ll need to help princes in Nigeria. But what you don’t know is that I am a Nigerian prince, and I am just waiting for one person to take my emails seriously…. I could really use help mocing my money to your country.
42 what makes you say jphone is around longer? He was hee at the start of the CR, but many of us were here a good deal longer than that.
Of course, oomis, because the first thing I’m going to do after I see that I have the winning numbers is log on to the cr. Probably to ask advice from the people here what to do with the money from a halachic and legal perspective. But now that you’ve asked, I will make an announcement here first.
Many problems with trying to buy every ticket. Here is the article about the Australian group that did it.
Group Invests $5 Million To Hedge Bets in Lottery
Published: February 25, 1992
There is a dream common among regular lottery players: to wait until the jackpot reaches an astronomical sum and then to buy every possible number, guaranteeing a winner.
Sure, it would cost millions of dollars. But the payoff would be much richer.
In Virginia this month, one investment group came tantalizingly close to cornering the market on all possible combinations of six numbers from 1 to 44. State lottery officials say that the group bought tickets for 5 million of a possible 7 million combinations, at $1 each, in a lottery with a $27 million jackpot. Only a lack of time prevented the group from buying tickets for the remaining 2 million combinations.
While no one has come forward with the one winning ticket in the Feb. 15 lottery, several clues point to the investment group, an Australian syndicate, as the winner. If that is so, the numbers 8, 11, 13, 15, 19 and 20 will yield a prize of $1.3 million a year for 20 years to the group.
Banking officials here say the money for the bulk purchase of Feb. 15 lottery tickets came from Australia. An Australian regulatory official also said a syndicate there had notified its investors that it had won an overseas jackpot. The winner has six months to claim the prize.
Virginia officials are worried enough about a repeat performance that they met today to debate a proposal that would block bulk sales of lottery tickets.
The governing board of the Virginia lottery held a public hearing today and received some criticism. Hans Smetona, a 22-year-old pizza deliveryman here, said, “No one wants to be in line behind anyone who’s there for three or four days.”
After the hearing, the lottery board adopted a recommendation to Gov. L. Douglas Wilder that sales agents be required to take orders from people in line before filling orders from absentee buyers. As a reason for the recommendation, officials cited the example of a store that put an out-of-order sign on its lottery terminal as an employee printed hundreds of tickets for the investors in the Feb. 15 lottery.
Executives of two retail chains that sold tickets in the Feb. 15 lottery to bulk purchasers said representatives of the investment group had visited them in the fall to discuss the logistics of a large lottery purchase. A. C. Miller, president of the Miller Oil Company, which owns one retail chain that sold $600,000 in tickets, the Miller Mart convenience stores, identified one representative as Anithalee Alex Jr. of Teutopolis, Ill.
Mr. Alex’s telephone number there is unlisted. Art L. Kinkelaar, the Sheriff of Effingham C ounty, which includes Teutopolis, said he had no information about Mr. Alex, but added that the day before the drawing he received an inquiry about Mr. Alex’s background from Virginia officials.
The bulk sales of lottery tickets began after Feb. 12 when the Virginia jackpot appeared headed for a record level. The state lottery director said agency computers showed a huge increase in sales beginning the next morning.
The players had until 11:15 P.M. on Feb. 15, five minutes before the drawing, to buy tickets. The lottery director said at least one store was still selling tickets at a brisk pace, 2,400 an hour, at the last minute. Even so, the group seems to have been caught without slips for two million possible combinations. 1 Ticket in 5 Million
“For someone to try to do this ticket-by-ticket is a very chancy proposition,” said Michael E. Julian, chairman of Farm Fresh supermarkets, the second retailer, which got a $3 million order. “That’s what lotto’s all about.”
The lucky ticket, which sold for $1 and is worth $27 million, was issued at a Farm Fresh that sold part of the huge batch bought from the chain.
“Watching them try to find the one winning ticket would be quite a sight,” said Kenneth W. Thorson, the state lottery director.
In Virginia’s six-number lottery, players pick six numbers from 1 to 44. The winning combination is determined by a machine.
Lottery officials speculate that the investors may have chosen Virginia for two reasons. The state had the biggest jackpot in the country that weekend. And the seven million entries required to cover all the combinations in a 44-number lottery is just half the number needed in a 49-number lottery, like Florida’s. California has 51 numbers and New York has 54. Improving the Odds
William S. Bergman, executive director of the North American Association of State and Provincial Lotteries, said that 24 of the nation’s 34 six-number lotteries have longer odds than those for Virginia’s game.
In the Virginia game, there are 7,059,052 possible combinations of numbers. So someone who buys one ticket has odds of 1 in slightly more than 7 million. Having more tickets increases the odds of winning, so that 1 million tickets have odds of 1 in 7. Since each ticket costs $1 it would cost $7,059,052 to cover every combination. Anyone who did that would receive at least a share in the jackpot and many of the second, third and fourth place prizes, that together were worth more than $900,000 on Feb. 15.
The biggest danger to a huge lottery investor would be having to split the prize with other winners who had picked the same numbers. Mr. Thorson said some popular combinations have as many as 1,000 ticket holders.
Jackpots are paid out in 20 equal yearly installments. Winning the jackpot payment of $1.35 million a year for that period is equal to receiving a rate of return of about 16 percent on a $7 million investment. The second, third and fourth place prizes would increase that rate somewhat, as well as increasing the amount received in the first year. Biggest Known Purchase
Lottery experts and gaming administrators said that this was the largest-scale effort to buy tickets they knew of in the United States.
The previous record may have been held by a computer engineer who bought 80,000 tickets in October from a Jacksonville, Fla., bar called Smitty’s Place. The bar owner said the man made a profit but did not win the $94 million jackpot. People in Jacksonville still call him “The Phantom.”
In 1990, a retiree walked into a Sacramento, Calif., hardware store with a diaper bag stuffed with $20 bills. Employees spent all night printing out her 30,000 tickets for what was then a record state jackpot of $69 million.
“Since the notoriety of having the world’s largest losing purchase, she hasn’t come back much,” said the store’s assistant manager, James C. Cortell.
A Huge Undertaking
In Virginia, trying to buy seven million lottery tickets would be a huge undertaking, even though outlets are allowed to be open 19 hours a day. Each game slip has room to select five combinations, so the first step would require filling out 1.4 million slips. Mr. Thorson, the state lottery director, said that he saw photocopies of several of the group’s slips and that they appeared to have been filled out by hand.
The group used as many as eight chains of grocery and convenience stores, with a total of 125 outlets, in the Norfolk and Richmond areas, Mr. Thorson said. He said his agency notified state and Federal tax and law-enforcement officials about the unusual purchases. No apparant violations occurred, the officials said.
One chain, Farm Fresh, said it had sold 2.4 million tickets to a man who apparently managed the purchase for the group. The man went to the grocery chain’s headquarters with cashier’s checks for hundreds of thousands of dollars. The chain sent couriers to 40 stores to pick up the tickets. As identification, the messengers used the man’s business card, with a code word added. The company’s commission was $120,000, even though it returned $600,000 for tickets it did not have time to print.
Samuel W. Valenza Jr., the publisher of Lottery Player’s Magazine in Cherry Hill, N.J., said Virginia officials should not have allowed retailers to help in the bulk purchases.
“It may not be against the rules, but it’s not fair,” Mr. Valenza said. “It’s not the intent of the game to play against a player who has purchased all the tickets.”
At its meeting today the governing board of the Virginia lottery discussed limiting block purchases. A lottery spokeswoman, Paula I. Otto, said the agency had received about six complaints from customers of stores involved in the block buying.
In the next 10 days the board plans to consider a proposal to limit a player to buying 100 lotto tickets when others are waiting in line. Another measure would limit a store to selling 50,000 tickets to a single customer for a drawing and a chain to selling 250,000 tickets. To enforce these measures if they are adopted, the board said it could turn off a store’s terminals.
George W. Grayson, a Democrat who is a member of the House of Delegates, the state’s legislature, said he might introduce a bill in the Legislature to require buyers of 10,000 or more tickets to identify themselves.
“These are hardly casual players and we want to make certain that tainted moneys aren’t funneled into the Virginia lottery,” said Dr. Grayson, who is a government professor at the College of William and Mary.
Mr. Bergman of the lottery association said that if restrictions were adopted, they would be the first in the country.
Lottery managers in several states said they had successfully discouraged players who asked about buying blocks of lottery tickets.
“It’s not like we have a button on our computers that says, ‘One of everything,’ ” said Betsy A. Bishop of the Vermont Lottery Commission.
A dozen lottery administrators said that buying masses of lottery tickers was a risky investment.
“A lottery’s a good deal for a dollar,” said Joanne B. McNabb of the California Lottery. “You can do something better with a million.
“All you have to do is share it with two people and it becomes a questionable investment,” he said. “Share it with three and you’ve lost money.”
An official familiar with the transaction said that Australians had wired $7 million to a Virginia bank, which then issued cashier’s checks to buy the lottery tickets. An Australian regulatory official said today that a Melbourne-based syndicate had raised millions of dollars for investment in overseas lotteries. Timothy G. Phillipps of the Australian Securities Commission said that five days after the Virginia drawing, the syndicate sent its 2,500 investors this message: “Last weekend, one of our target lotteries did jackpot to our required level. We entered and won.”
Mr. Phillipps said a prospectus for the goup had few details about expected returns beyond saying that a substantial cash return was expected and the investment would be in lotteries. “A lot them don’t want to know a lot more than that,” he said.
Oh wow. Maybe it is the place for you.
Anyone can see dead people by becoming a mortician. That’s not a sixth sense.
BT Guy- vibing means acting like a woman. In english the word is effeminate. The word you probably were looking for is “shining” 🙂
See?
Captain dolt, you may not have a handle on my personality but believe me that I’ve got yours. You are right to start up with oomis instead of me, because she’s nice and won’t hurt you. I would eat you alive buddy, and have fun doing it 🙂
At least popa is funny besides being insulting. Your insults are your humor.
Not if she reads the forum…
pascha- are you kidding? I’ve spent more time in academia than any 3 random people combined. I gave you my opinion of the place, that’s all.
Explain mayyim achronim
I’m suggesting that when we evaluate whether or not a baked good is a “meal” or a “snack” we look at how people actually eat it.
What I am suggesting is that what you are suggesting is a classic chicken and egg argument.
I always eat with my mouth. Beings that eat with their hands is the stuff of science fiction.
hello99, I hate to disagree but that doesn’t sound right to me. Take fruits for example. The halacha is that you must wash your hands to eat if the fruit is wet. So does this halacha cause people to wash, sit down, and make a meal of fruits? Or even restrict ourselves to eating fruit at mealtimes? No, we dry the fruit or eat it without washing it to avoid the requirement. But if we had to wash for dry fruit too, you can be sure the answer would be different.
With pizza there is no way around it. Making it into a meal most times is a direct result of the requirement to wash and make hamotzi, not a cause for the psak. The proof is that those who are not chayyiv in mitzvos will eat pizza for snack as often as not.
Sorry for the comparison, I know it wasn’t apples to apples 🙂
Sounds like more than one person is having a bad day. I just went back and read all of popa’s posts again to see if I could read it in a way that comes across as serious. I couldn’t. It was even funnier the second time around. Especially the high pitched sanctimonious voice.
Sometimes the hecklers take over the show. You can throw your beers at the performer if you like, but not me.
In that case you should ignore me. But I will make fun of you for going.
And I cannot do safrus without a stencil. What’s your point, Ralph?
FDU = Fairly Ridiculous University. You decide.
Of course looks wins over intelligence. You can always talk to intelligent people that you are not married to. You can’t be looking at attractive people you aren’t married to.
The magnet says “the shmuz” (not smooz). Every time I see it I think it says “THE SHMUTZ”