A couple of stories caught my eye today as being absolute wastes of money. It would seriously be better to just burn the money. That way, at least I could toast a marshmallow or two. Hmm. Now I’m getting distracted by the thought of s’mores.
Anyhoo, first, the Bill and Melinda Gates Foundation has given a $1.1 million grant to lo-jack students with a physiological monitoring bracelet to measure their level of engagement. The only way this decadent use of money for schools, which we are constantly told have a hard time buying textbooks, could be acceptable is if the bracelet also doles out electric shocks when the student gets an answer wrong. Otherwise, it’s just creepy.
Second, I read that Bank of America (and Wells Fargo and Goldman Sachs before them) has pledged $50 million to invest in ‘green’ companies. I have nothing against a bank investing in any company if it makes sound business sense to the bank. But if the next Solyndra is going to get precedence over a widget maker for a business loan, well, that makes me glad to not be a B of A shareholder. And how many millions did B of A need in a taxpayer bailout? Are they so financially sound now that they can make such risky investments?
But I don’t think B of A is actually thinking of that $50 million as an investment. It’s just another tithe to the gods of green fascism.