Word: medians
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...expect, was that the vast majority, the overwhelming majority, of gamblers online gamble in a very moderate and mild way,” said HMS Associate Professor of Psychology Howard Shaffer in an interview with Gambling Online Magazine. Approximately 95 percent of players studied only bought a median of about $15.65 in chips at two poker sessions per week. “A minority of most involved players did not show such moderation,” the study noted. The remaining 5 percent of players studied bet in excess, buying a median of $116.13 in chips at 10 sessions...
...wishes for hardship. But as we pick through the economic rubble, we may find that our riches have buried our treasures. Money does not buy happiness; Scripture asserts this, research confirms it. Once you reach the median level of income, roughly $50,000 a year, wealth and contentment go their separate ways, and studies find that a millionaire is no more likely to be happy than someone earning one-twentieth as much. Now a third of people polled say they are spending more time with family and friends, and nearly four times as many people say their relations with their...
Communities like St. Helens often have more invested in the newcomers' success than they might imagine. A Pew Hispanic Center survey in November found that the median income for noncitizen Hispanics fell at a rate almost six times as high as that of other workers in 2008. In January 2009, a new report said more than half that group reported being worried that their home will end up in foreclosure. Many illegal immigrants are homeowners, and driving them from their houses would be a Pyrrhic victory for any community fighting blight. Salvador's father-in-law Alejandro, an undocumented immigrant...
...early 1980s, around the time Ronald Reagan became President and Wall Street's great modern bull market began, we started gambling (and winning!) and thinking magically. From 1980 to 2007, the median price of a new American home quadrupled. The Dow Jones industrial average climbed from 803 in the summer of 1982 to 14,165 in the fall of 2007. From the beginning of the '80s through 2007, the share of disposable income that each household spent servicing its mortgage and consumer debt increased 35%. Back in 1982, the average household saved 11% of its disposable income. By 2007 that...
...what was happening for years, for decades, but we ignored it or shrugged it off, preferring to imagine that we weren't really headed over the falls. The U.S. auto industry has been in deep trouble for more than a quarter-century. The median household income has been steadily declining this century ... but, but, but our houses and our 401(k)s were ballooning in value, right? Even smart, proudly rational people engaged in magical thinking, acting as if the new power of the Internet and its New Economy would miraculously make everything copacetic again. We all clapped our hands...