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May 24, 2006

How our schools have changed, Wed., May 24, 2006, 9:13 AM

This morning I wrote about my education. Then a reader sent me an e-mail that I thought I should share.


How times have changed since we went to school... Thought this to be very funny but at the same time very sad...

Subject: History of teaching math...

Last week I purchased a burger and fries at McDonalds for $3.58. The counter girl took my $4.00 and I pulled 8 cents from my pocket and gave it to her. She stood there holding the nickel and 3 pennies. While looking at the screen on her register, I sensed her discomfort and tried to tell her to just give me two quarters, but she hailed the manager for help. While he tried to explain the transaction to her, she stood there and cried.

Why do I tell you this?

Because of the evolution in teaching math since the 1950s:


Teaching Math In 1950

A logger sells a truckload of lumber for $100. His cost of production is 4/5 of the price. What is his profit?


Teaching Math In 1960

A logger sells a truckload of lumber for $100. His cost of production is 4/5 of the price, or $80. What is his profit?


Teaching Math In 1970

A logger sells a truckload of lumber for $100. His cost of production is $80. Did he make a profit?


Teaching Math In 1980

A logger sells a truckload of lumber for $100. His cost of production is $80 and his profit is $20. Your assignment: Underline the number 20.


Teaching Math In 1990

A logger cuts down a beautiful forest because he is selfish and inconsiderate and cares nothing for the habitat of animals or the preservation of our woodlands. He does this so he can make a profit of $20. What do you think of this way of making a living?

Topic for class participation after answering the question: How did the birds and squirrels feel as the logger cut down their homes? (There are no wrong answers.)


Teaching Math In 2005

Un ranchero vende una carretera de madera para $100. El cuesto de la produccion era $80. Cuantos tortillas se puede comprar?


Now, if only I could get this reader to send us the occasional note on order flow of the gold futures at NYMEX, that would be an education for 2006.

A trader sells June Gold for ... LOL

Posted by Posted by Bill Cara on May 24, 2006 09:13:13 AM | Category: Community Chat

Discourse

Ah, the dumming down of America...

A trader BUYS Cash Gold for $655, $632, $609. Potential long term profit?
A double.

Posted by: g034 [TypeKey Profile Page] at May 24, 2006 9:27 AM [link]

Little People will remain Little People as long as the present teaching methods continue, unfortunately.

Posted by: smess [TypeKey Profile Page] at May 24, 2006 9:28 AM [link]

Cute...but to be more accurate the 2005 entry should be in Mandarin.

Also: mis-leading. There was a lot more illiteracy and innumeracy it the past...you can look it up. The difference is that in the 21st century people who can not read or do sums well can get jobs as cashiers; not true 50 years ago.

Posted by: TempusFugit [TypeKey Profile Page] at May 24, 2006 10:07 AM [link]

Sometimes I despair. I got $1.90 change back when the bills and change offered would be expected to return $2 exact. And she used a calculator. She looked to be near high school graduation age. Someday I will be in a hospital or home and she will be there using a calculator to figure my meds.

Sometimes I rejoice. There are a few really smart and tough kids out there who get it. I think that is true of every generation.

Posted by: Fred [TypeKey Profile Page] at May 24, 2006 10:08 AM [link]

LOL! This has got to be the funniest thing I've read today. Thanks for the laugh Bill.
Anyways, gold appears to be headed for $580. It broke out of an inverted H&S on the hourlies yesterday at $662, peaked at $675 and crashed below today, to $642 now. Other commodities are weakening and USD is strengthening. $580 is the next support level and channel uptrend trendline support
Still, it's a short term fluctuation, but I wouldn't be buying gold stocks now(free and clear of mining at this point.)
Didn't get to short copper irl(after I realized it would leverage me 4:1). Would be in the red 4% or so if I did.
Currently long some wheat and short some sugar. Still waiting for gold to get into the accumulation zone which it isn't in... yet.
On the equity markets, perhaps three words are ample "SELL INTO STRENGTH."
*puts away soapbox*

Posted by: FirstConsul [TypeKey Profile Page] at May 24, 2006 11:58 AM [link]

It was a funny joke, but the reality is much different. My son, in a California public high school, is already taking math classes that weren't offered to me until I had reached college, 30 years ago. Furthermore, my father never even got as far as calculus in his own education. He was educated in a one room school, also in California. See the trend?

Kids are getting smarter and kids are working harder at it.

I am taking some time, at mid-life, to attend a local college to learn some new things. I don't feel so superior when I am sitting in a class on molecular biology. It is very good therapy for the treatment of ego inflation:-) Classes on molecular biology and biotechnology were only available to best and the brightest 10 years ago. Now those of us further down the curve can also get access to this information. The system works. People are getting smarter, and knowledge is getting wider distribution.

But is was a funny joke.

Posted by: ableape [TypeKey Profile Page] at May 24, 2006 5:27 PM [link]