Newspaper Page Text
i
FOR THE MONEY
(Wall Street
or
Consulting)
Garrett Ransom
Business & Tech Editor
G2ransom @ aol .com
in the e-book version. ’
les Ids \on transport \
. when you pick it up on
i device. X-Ray for Mo
■ a movie and look
on screen, via a partnership with IP'
You also get multi-user support, and
Kindle Freetime, which gives you a way to
regulate how much time a particular user
can use certain kinds of applications on the
device.
The Kindle HD even has some com
petition from the Google Nexus 7, Samsung
Galaxy Tab 2.7.0 and the Kobo Arc which
now offers 8GB models estimated at $199,
which is the same price as the 16GB 7-inch
Kindle Fire HD. The Nook Tablet offered by
Barnes and Nobel is offered at the same price
and has the same specs but lacks Bluetooth
and a camera.
One downside to this development is
that you cannot buy the older Kindle prod
ucts, as they are no longer available. The
older Kindle and Fire tablet have both been
replaced by the updated products.
With so many options, consumers of
these tablets have to pick the tablets that fit
their needs and wants, but if you are an avid
book reader, check out the Paperweight.
In the black community, where
opportunities are scarce, there becomes a
strong desire for large sums of money and
resources. The same can be said about the
Morehouse business community, where
most business students are pushed into
worlds of Wall Street and consulting, which
are homes to some of the highest paying
salaries out of undergraduate institutions.
If you look at the Morehouse Busi
ness Associations strongest connections, a
majority of them are with consulting firms
and investment banks. This is either a result
of a desire for more diversity in these pro
fessions by Morehouse’s corporate partners,
or the result of Morehouse undergrads delv
ing into these high paying professions and
coming back to build a larger regime.
The business connections are most
likely a result of both, but the most evident
is the reality that black men are aiming to
make large salaries out of undergrad, which
reinforces the sentiments of our own com
munities.
The salary for an investment banker at a
bulge bracket bank out of an undergraduate
institution is often six figures, and the salary
for a beginning consultant at a top consult
ing firm out of undergrad is often $80,000
to $90,000. Most other recent college
graduates are either making small wages,
or earning no money while diving into a
graduate degree.
Consultants, and especially bank
ers, face long hours and hectic schedules,
in order to help clients bring in big money.
Stories of 100-hour weeks are not myth in
the I-Banking world, and consultants can
also rack up a substantial amount of hours
during busy times with clients.
Both professions help undergrads
hone in on important skills that can transfer
into success in a multitude of other fields.
They also can be some of the most stressful
jobs, where a lot of weight is being put on
a young individual. The reality is that the
lifestyle is not for everybody.
In the world of Morehouse, howev
er, you are quickly introduced to these two
professions as strong career options. It is
not unusual to walk into a room of business
majors and find that a large number of them
are interested in consulting or I-Banking.
For the freshmen business majors who are
not initially exposed to the professions, they
won’t be unfamiliar for long.
This reality bounces back to the
need of blacks to produce income in their
households and communities. Most blacks
go to college for education, but most impor
tantly they go to get the big bucks. Money
is the biggest motivator for many, where
funds in their communities are somewhat
low.
Some of the most intellectually
sound blacks, who are not interested in be
ing bailers or entertainers, are pushed into
these two worlds with desires of making
big bucks and being a part of a respected
work regime. Maybe Morehouse is a sign of
progression, where black men desire to be
a part of powerful professions, or possibly
it just reiterates the harsh reality of a black
man’s burden.
The answers are unclear, and pos
sibly do not even matter at all - it is, how
ever, still of great interest. How important is
money to you, and how much are you will
ing to sacrifice for the glamorous lifestyle?
If you never considered these questions,
then take some time to think about them.
you go to. what could you be competing
Academic superiority, elite social
status and financial stability, just to name
a few. A lethal combination of unique
personal skills is essential to getting to
the top.
KINDLE FIRE
HD SET TO
CHALLENGE
THE IPAD
Kevin Webb
Associate Arts and Entertainment Editor
Ktw989@ yahoo .com
Last week’s announcement of
Amazon’s new Kindle Fire HD proved
that the online retailer will be in the
tablet war for the long haul, introducing
several new entries to the Kindle family
at multiple price points.
The Kindle Fire HD will replace
the original Kindle Fire at the $199 price
point, and is being billed as “the world’s
most-advanced 7” tablet.” A larger 8.9”
model of the Fire HD will also be of
fered, starting at $299. This larger model
approaches Apple’s 9.7” iPad, the current
standard on the tablet market. Finally,
Amazon announced a foray into the
world of 4G LTE service, with an 8.9”
version of the Kindle Fire that utilizes
the wireless technology being offered at
$499.
The announcement of the Fire
HD comes less than a year after the
release of the original Kindle Fire last
November. That tablet gained popularity
with its low $199 price point for those
looking for a cheaper entry into the tablet
market. Comparatively, Apple’s cheapest
iPad model retails at $499.
According to Amazon, the device
was able to lock up around 22% of all
tablet sales with its value-first design. In
terms of specs however, the Kindle was
decidedly worse than many of its com
petitors. With this new revision, Amazon
has bolstered the device’s technologi
cal strength, making it a comparable to
Apple’s products while remaining at least
$200 cheaper at all price points.
Amazon has promised the fastest
Wi-Fi functionality of any tablet, claim
ing speeds 40% faster than any other
device. The 7” model of the Kindle Fire
HD is said to have a battery life of 11
hours, and each model will house at least
16 GB of built-in storage, with 32GB
versions available, and a 64GB version
of the 4G LTE model. To compare, the
32GB model of the Wi-Fi only iPad is
priced at $599, while the 32GB model of
the Fire HD is just $369.
Perhaps the biggest news for
any of Amazon’s new models is the
option for a unique data plan offered
directly from Amazon. The plan would
cost just $50 a year for 250MB of data
each month, along with 20GB of cloud
storage. Customers can pay in a single
month, financing their tablet via a cel
lular data network. The value of that plan
could motivate more customers to look
to the Fire HD for 4G service, rather than
pay hundreds of dollars a year for a sepa
rate plan while using Apple’s iPad.
The original Kindle Fire will
not be discontinued just yet, seeing a
remodel with a faster processor, 8GB of
internal memory and an improved bat
tery. That tablet will be offered at $159.
Amazon's new lineup of Kindle Fire
devices will be made available on Sep
tember 14.
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SEPTEMBER 12- 19, 2012