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College grads make a million dollars more in their lifetime? Statistics and false correlation.
Post hoc ergo propter hoc – “false cause” fallacy. This topic has been written about fairly recently: (See Forbes: The College Hoax). However, it has really started to irk me because of the 268collegenow.bs commercials on cable TV quoting this erroneous statistic. Some cause for concern: The number is not a comparison of lifetime earnings…
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Fifth Third Bank “Early Access” Check Advances
Fifth Third Bank has been pushing this “service” pretty hard at their branches. It’s basically a pre-authorized payday loan account that you can access through your online account access (for a small 10% advance fee). I guess they need a replacement for bad home loans. Their stock price, as of this writing, is in the…