Peter Thiel Will Pay You To Drop Out Of College
What is the Big Idea?
While Congress dukes it out over the federal interest rates on student loans, venture capitalist Peter Thiel has a solution for college students who don't want to be saddled with huge amounts of debts in an unstable economy. The solution, he says, is to drop out of college.
"We have a bubble in education, like we had a bubble in housing...everybody believed you had to have a house, they'd pay whatever it took," Thiel tells Morley Safer in an interview that will appear on 60 Minutes this evening. "Today, everybody believes that we need to go to college, and people will pay-- whatever it takes." And that's way too much these days says Thiel, when people without a degree can make as much as those with an advanced one. "There are all sorts of vocational careers that pay extremely well today, so the average plumber makes as much as the average doctor," Thiel tells Safer.
Listen to Peter Thiel weigh in on the burden of a college education:
What is the Significance?
Only half of recent college grads are employed full-time and tuition has quadrupled over the past 30 years. Thiel says the system is broken.
"I did not realize how...screwed up the education system is. We now have $1 trillion in student debt in the U.S... cynically, you can say it's paid for $1 trillion of lies about how good education is," Thiel says in the 60 Minutes interview.
The Thiel Foundation's "The 20 Under 20 Fellowship" pays $100,000 each to about 20 students every year. One of the contest rules requires that the applicant "stop active enrollment in school during the Fellowship."
Thiel thinks his program offers an alternative to an expensive and ineffective university system, while critics think it encourages student to drop of college or not attend at all.
Big Think will be tackling with this topic in a nine-week online course called Big Think's Summer School for the Real World, which will bring you advice from the world's leading experts, helping you to develop the skills you possess and build the ones you’ll need to thrive in the 21st century workplace. You'll get a crash course on the essential knowledge they never provided in lecture hall and the critical skills not found on any syllabus, featuring, among others:
You can access the course for free by telling us about your higher education experience. The deadline to complete our quick online survey is June 1, 2012 at midnight. One graduate will be flown to New York City for a business lunch and job interview in Big Think’s New York headquarters.
Image courtesy of zimmytws/Shutterstock.com
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It's one of the most consistent patterns in the unviverse. What causes it?
- Spinning discs are everywhere – just look at our solar system, the rings of Saturn, and all the spiral galaxies in the universe.
- Spinning discs are the result of two things: The force of gravity and a phenomenon in physics called the conservation of angular momentum.
- Gravity brings matter together; the closer the matter gets, the more it accelerates – much like an ice skater who spins faster and faster the closer their arms get to their body. Then, this spinning cloud collapses due to up and down and diagonal collisions that cancel each other out until the only motion they have in common is the spin – and voila: A flat disc.
It turns out, that tattoo ink can travel throughout your body and settle in lymph nodes.
In the slightly macabre experiment to find out where tattoo ink travels to in the body, French and German researchers recently used synchrotron X-ray fluorescence in four "inked" human cadavers — as well as one without. The results of their 2017 study? Some of the tattoo ink apparently settled in lymph nodes.
Image from the study.
As the authors explain in the study — they hail from Ludwig Maximilian University of Munich, the European Synchrotron Radiation Facility, and the German Federal Institute for Risk Assessment — it would have been unethical to test this on live animals since those creatures would not be able to give permission to be tattooed.
Because of the prevalence of tattoos these days, the researchers wanted to find out if the ink could be harmful in some way.
"The increasing prevalence of tattoos provoked safety concerns with respect to particle distribution and effects inside the human body," they write.
It works like this: Since lymph nodes filter lymph, which is the fluid that carries white blood cells throughout the body in an effort to fight infections that are encountered, that is where some of the ink particles collect.
Image by authors of the study.
Titanium dioxide appears to be the thing that travels. It's a white tattoo ink pigment that's mixed with other colors all the time to control shades.
The study's authors will keep working on this in the meantime.
“In future experiments we will also look into the pigment and heavy metal burden of other, more distant internal organs and tissues in order to track any possible bio-distribution of tattoo ink ingredients throughout the body. The outcome of these investigations not only will be helpful in the assessment of the health risks associated with tattooing but also in the judgment of other exposures such as, e.g., the entrance of TiO2 nanoparticles present in cosmetics at the site of damaged skin."
Do you have a magnetic compass in your head?
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