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  • March 2011
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links for 2011-03-25

  • Quote:"The results? Housing delivered a solid but unimpressive annualized return of 8.6%. Commercial property did better at 9.5%. The S&P, however, delivered a crushing 13.4%.

    Other studies argue that real estate's returns are much worse. Yale finance and economics professor Robert Shiller, author of Irrational Exuberance, who looked back to 1890, contends that only twice has real estate produced truly outstanding returns: after World War II, when returning troops were starting their families, and from 1998 to 2005, a period he thinks is a bubble.

    Housing's rate of return, he argues, has to trend back to the mean of about 3% a year – barely above the inflation rate. If that's starting to happen now, he says, we could be facing many years of losses.

  • Abstract quote:"Using longitudinal data from the Youth Development Study (analytic sample N = 712), we investigate how age, adult role acquisition and attainments, family resources, parent–child relationship quality, school attendance, and life events influence support received from parents in young adulthood. Parental assistance was found to be less forthcoming for those who had made greater progress on the road to adulthood, signified by socioeconomic attainment and union formation. The quality of mother–child and father–child relationships affected parental support in different ways, positively for mothers, negatively for fathers. School enrollment, negative life events, and employment problems were associated with a greater likelihood of receiving support. The findings suggest that parents act as “scaffolding” and “safety nets” to aid their children's successful transition to adulthood.

    // So really, this study told us stuff we already knew.

  • Quote:'The new data came from the Youth Development Study, a survey of young adults. The study has followed a group of ninth-grade students enrolled in St. Paul, Minn., public schools in the fall of 1987; the students and their parents filled out questionnaires every year or two. Swartz analyzed data from 1997, when the participants were 24 years old, through 2005, when they turned 32.

    "We were interested in this older period of young adulthood," Swartz told LiveScience. "What defines this giving? Why do they give?"

    Most of these parentally dependent twentysomethings have launched into adulthood by their 30s, only about 15 percent still receiving aid of some kind from their parents, the results showed.

    // I really want to read this study, I doubt strongly its veracity.

  • quote:"Dorothy Young, the last surviving assistant to share the stage with Harry Houdini, died this week at the age of 103. Young passed away at a retirement community in Tinton Falls, N.J. according to a spokesman from Drew University where she was a longtime patron.

    Young was cast in Houdini's traveling show at the age of 17, reports Variety. She attended an open casting call in New York, and although she was originally stuck in the back of the crowd, Houdini spotted her and asked to see her dance. After impressing the magician and his manager, she was signed to contract to join his show.

    // It's sad we only get to hear about people like this after they've died.

  • quote:" "the runaway ebook renown of 26-year-old publishing-house reject Amanda Hocking," who has sold more than a million copies of what she describes on her blog as "young adult paranormal romance" and "zombie urban fantasy" tales via digital platforms like the Amazon Kindle and the Barnes & Noble Nook.

    As of Thursday, the former indie author from Minnesota is a vampire-hot New York publishing house property. Hocking has inked a four-book, $2 million-plus deal with Macmillan imprint St. Martin's Press, the New York Times reports. The agreement comes on the heels of what the Times described as a "heated auction" that apparently became a bit too heated for Random House, Simon & Schuster and HarperCollins. The first book in the series is set for a fall 2012 release.

    But it's unclear how Hocking's royalties will compare with the profits she was reaping on her own. The author has said she was selling 100,000 copies of her nine ebooks every month for as much as $3 a piece;

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