Thursday August 7th, 2014 – 12pm
Posted Aug 7, 2014 01:23:18 PM.
This article is more than 5 years old.
The third hour of the 570 Midday Show
12:00 Garry Marr, Columnist with Financial Post/National Post.
University is just a few weeks away for another crop of students and many of them have already realized that their summer job earnings were just a drop in the bucket.
A study from the Canadian Imperial Bank of Commerce conducted by Leger and released Tuesday found 65% of university and college students have a summer job this year while another 20% have been looking. The same survey found 53% of students expect to earn between $1,001 and $5,000 this summer while about 26% will earn between $5,000 to $10,000. The summer job is simply not going to cut it as the average cost of education continues to climb.
The Canadian Centre for Policy Alternatives said the average Canadian undergraduate was expected to pay $6,610 in tuition this past year and that figure will grow to $7,437 in 2016-2017. A Toronto-Dominion Bank study in 2009 suggest a four year-degree was $77,000 with the figure forecast to jump to $137,000 by 2027. But for many students, the bigger expense is the cost of housing. Living at home while attending university may not be something everybody wants to consider but the savings are big. The TD study found a four-year degree earned while living at home cost $52,000 and will rise to $101,000 by 2027, a savings of $25,000. “Students often want to go away for university but it’s an expensive proposition,” said Craig Alexander, chief economist with TD.
12:30 Andrew Clark, Road Sage Columnist with Globe and Mail
Few motorists aggravate people more than those who zoom up an empty lane (past drivers waiting their turn) and expect to be let in to the front of the line. These are creepers. While it may seem like they have a giant middle finger extending from the roofs of their cars, they’re actually right, applying the universally approved “zipper method,” in which traffic in both lanes proceeds to the point where two merge into one and then drivers take alternating turns. To “early mergers,” it appears these drivers are cutting in line and they get mad. Early mergers will be damned if they let late mergers get away with butting in line! It becomes a matter of principle and that’s where the trouble starts. Show me a man with principles and I’ll show you a man who lies awake at night obsessing about the height of the grass on his neighbour’s lawn. The answer is simple. Everybody should use the zipper method. Unfortunately, lane blocking is not restricted to congested areas. It’s executed at high speeds on highways and four-lane urban thoroughfares and it’s dangerous. These drivers can’t tolerate the idea of any other car going in front of them.
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