Showing posts with label money. Show all posts
Showing posts with label money. Show all posts

Thursday, June 16, 2011

LOS ANGELES TIMES REPORTS

Picking their next role: Joe College or hot young star?

Young actors face a tough decision: career or upper education. Some, like Emma Watson, think higher education is worth it. Others, like Blake Lively, skip it.


Actors college

Emma Watson, who plays Hermione Granger, of the "Harry Potter" films.


(Matt Sayles / AP / February 14, 2011)

Two years ago, Emma Watson was facing a quandary many young adults encounter: Is college worth it?

For most 18-year-olds, a university degree is an expensive but necessary investment leading to personal growth and a well-paying job. But for Watson, already a multimillionaire as a result of playing Hermione Granger in the "Harry Potter" movies, the calculus was more complex. Should she trade red carpets for Red Bull-fueled nights studying? Would the knowledge gained be as valuable as the roles she'd have to forgo? And was it possible for the actress to fit in with classmates who had watched her grow up on-screen?

Watson opted to attend Brown University — a decision that confounded Hollywood directors and publicists.

"I've had to say no to stuff that people have been gobsmacked about. I've had big directors say to me, 'What do you mean, you can't do this movie? We don't understand,'" the actress, now 21, said recently by phone from her native England. "I always hear, 'What do you mean she can't do this magazine cover?' or 'What do you mean she can't have this meeting for a once-in-a-lifetime opportunity?' And my agent will say, 'She's at school, sorry.'

"Yes, it's hard for me to turn down amazing opportunities. But I've been working solidly since I've been 9 years old. So for me, to have this space to learn and figure myself out a bit is obviously worth it."

Transitioning from child star to adult actor never has been easy. But the explosion of kid-oriented entertainment on cable TV and in the movies means more teens than ever are competing to make the leap into adult acting jobs. So opting to take time out for a college degree — never a requirement in Hollywood to begin with — seems increasingly difficult.

Blake Lively, star of the hot teen soap "Gossip Girl," faced the same decision as Watson but chose a different route. She said she dreamed throughout her childhood of attending an Ivy League school and worked toward that goal at Burbank High School, maintaining a 4.2 grade point average while cheerleading, joining a nationally competitive show choir, playing sports and being elected class president.

But when she began to find success starting at age 17 in the film "The Sisterhood of the Traveling Pants," those around her pushed her to skip out not only on college but also the rest of high school. (She decided to finish anyway.)

"Everybody said, 'Strike while the iron is hot.' And everybody is so replaceable these days that to maintain your 'heat,' or whatever, you are supposed to put aside school," said Lively, who's now 23 and building a film career, including roles in last year's "The Town" and next weekend's "Green Lantern."

"One of the reasons why I wanted to do 'Gossip Girl' was because we had talked about giving me one day a week to go to Columbia starting the second season, once things slowed down. But things never slowed down. The show took off, and they were never able to carve out the time in my schedule. It still makes me sad every day that I didn't have that college experience."

As Lively discovered, choosing college can mean swimming against a tide of advice from family, friends, agents and managers, many of whom are quick to point out that many onetime teen stars — including Leonardo DiCaprio, Drew Barrymore and Scarlett Johansson — went on to big adult careers without attending a university. (Such members of an actor's inner circle, of course, might themselves lose out on income if a young actor decides to spend years at college rather than on film sets.)

"Nobody cares if you went to school unless you're on the business side of Hollywood," said Cindy Osbrink, head of the youth theatrical department at the Osbrink Talent Agency, whose clients include Dakota Fanning and her sister, Elle.

Complicating the decision further, Osbrink says, is that many young stars find that upon turning 18, their job opportunities suddenly expand because they no longer face restrictions on how many hours they can work as they did when they were minors. "It's a huge advantage to be a high school graduate of legal age" in the acting world, because 18-year-olds can often play younger roles, she said.

Brad Pitt, who attended the University of Missouri's journalism school, acknowledged that many actors develop into well-rounded people without a formal education. But he believes some performers who stop their schooling at an early age may be making a strategic error that could hurt them down the line.

"I worry for the young, young guys, because they haven't experienced enough to know not to get eaten up by the machine," he said. "I worry that they get defined before they really know who they are. … When they blow up too big at too young an age, they don't get the luxury to make the mistakes. They get defined and discarded."

Of course, some of Hollywood's most acclaimed actors who started in the business at a young age are college grads. Jodie Foster, 48, who studied literature at Yale, has won two Academy Awards. Natalie Portman, 30, who majored in psychology at Harvard University, won the lead actress Oscar this year for "Black Swan."

And James Franco, 33, who hosted this year's Oscars and was nominated for lead actor for "127 Hours," has been perhaps the most active actor-scholar of late: He is enrolled in Yale University's English PhD program and North Carolina's Warren Wilson College for poetry. In May, he earned a master's degree from New York University's Tisch School of the Arts and Columbia University's MFA writing program, after already graduating from Brooklyn College for fiction writing last year.

Yet as Franco and some other actors have found, it can be awkward to be a celebrity on campus. Students are known to doze off during lectures, but when Franco fell asleep during a class at Columbia, someone snapped an embarrassing picture of him, mouth agape, that ricocheted around the Internet. Foster famously had two stalkers while at Yale, one of whom, John Hinckley Jr., followed her to the New Haven, Conn., campus and later shot President Ronald Reagan in an attempt to impress her.

Monday, May 23, 2011

AS SEEN ON THE SALON

Graduation quotes for the new generation

It's time to stop using "The Graduate." Here are some cultural references that college kids can relate to

Updated quotations for college graduations
Speeches are boring. "Fight Club" quotes are not.

It's nearly the end of May, and across the country thousands of fresh-faced 20-somethings will be entering the workplace after years of toiling away at collegiate studies. I recently went to a commencement address for a family member and heard not one but two references to Dr. Seuss' "Oh the Places You'll Go!" In the same speech.

Sandwiched between these words of wisdom -- taken from a book designed for babies -- was the obligatory non sequitur from some faculty member attempting to explain why the advice of "Plastics" was so funny in the "The Graduate." Maybe it would have been less irritating if these weren't the exact same two quotes I was preached when accepting my diploma. Isn't it about time we threw out these two clichéd references and updated them with some more applicable cultural dialogue?

This is why I've started peppering my commencement addresses with more "hip" movie lines to appeal to a younger audience. In case anyone wants to hire me to talk at next year's graduation, I have my list ready:*

1. Hello, class of 2012! As you embark on this next phase of your life, I want to say just one word to you. Just one word: "Rango."

2. (Point to someone in the audience, preferably in front row.) ''The leads are weak?' The fucking leads are weak?!?! You're weak. What's my name? I drove an eighty thousand dollar BMW. That's my name." Guys, this may sound harsh, but this is exactly what your first boss will sound like, especially if he's played by Alec Baldwin.

3. When in doubt, always remember the gospel of Matt Damon as he told off that douchey guy in a Harvard bar:

"In 50 years you're going start doing some thinking on your own and you're going to come up with the fact that there are two certainties in life: one, don't do that, and two, you dropped 150 grand on a fucking education you could have got for a dollar fifty in late charges at the public library."

(If this does not go over well, go to a backup "Good Will Hunting" quote: "How do you like dem apples?")

4. In Aaron Sorkin's "The Social Network," we are told a million dollars "isn't cool." It is followed up by the statement that what is actually cool is a billion dollars. I think that's something we can all agree is a sound life philosophy! (Pause for laughter.)

But also? How crazy is it that Mark Zuckerberg didn't even finish college? Turns out he didn't even need a degree to make those "cool" billions!

Anywhoozle, good luck with those student loans.

5. A young man named Peter Parker was once told, "With great power comes great responsibility." Well, the good news here is that as far as I know, not one student graduating today has been bit by a radioactive spider and subsequently turned into a superhero. So relax: as far as that 'personal responsibility' thing goes, it will most likely never come up in real life situations. I speak from experience.

6. In closing I say to you, graduates of Arizona State: "You are not a beautiful and unique snowflake. You are the same decaying organic matter as everyone else, and we are all part of the same compost pile." That's from Chuck Palahniuk's "Fight Club," and that's the real world people, so get used to it.

Also, it's a great film. Netflix it sometime.

*I also do Bar Mitzvahs.

Friday, April 22, 2011

AS SEEN ON SEATTLE BUSINESS NEWS


Baby Boomers May Be the First Generation Not to Pass Wealth On to Children, Survey Says.

Counter to what has been projected to be the biggest inter-generational wealth transfer in U.S. History, perhaps $41 trillion by 2052, wealthy boomers may spend their money rather than pass it on to their children, according to a US Trust survey.


Fewer than half of wealthy parents surveyed said it is important to leave a financial inheritance to the next generation, according to a report published today.

U.S. Trust Insights on Wealth and Worth was based on a nationwide survey of 457 adults with $3 million or more in investable assets, not including the value of their home.

The survey shows that few wealthy people have developed plans to preserve and pass on their assets to either their children or charity, according to a press release from US Trust.

Less than a third of the respondents strongly agreed that their children would be able to handle the inheritence they plan to leave them.

Many of the wealthy boomers surveyed are self-made men and women. Close to half said they planned to continue working into retirement. Many had plans to start a second career or new business, and 55 percent intend to actively volunteer in their community.

Having worked hard for financial security, many respondents placed higher importance on travel and personal relationships than leaving an inheritance to their children or making a positive impact on society. Few seem interested in leaving a legacy.

“There is an expectation about the wealthy that they have an implicit, sacred responsibility to pass down their fortune to the next generation, and this understanding has shaped expectations about the coming wave of intergenerational wealth transfer,” said Sallie Krawcheck, president of Bank of America Global Wealth and Investment Management. “Our research, however, uncovered a distinct generational mindset that reflects changing views about what retirement means and an evolving sense of what one generation owes the next."


U.S. Trust also found that the wealthy do not have plans that adequately address the complexity of their financial lives or address unexpected factors that could wipe out a large portion of their assets. Few have plans that make use of trusts to pass on their wealth. And 62 percent have no plan in place to care for aging relatives.

Fifty-six percent have not documented personal property and assets, and half (51 percent) have not documented instructions about the distribution of personal possessions among heirs, often a source of family conflict in the settlement of estates.

U.S. Trust found that many children of these first-generation wealthy families are not doing a good job of handling the emotional and financial responsibilities associated with family wealth. Nearly half do not believe their children will reach a level of financial maturity to handle the family money they will inherit until they are at least 35 years old. About half the parents have not fully disclosed their wealth to their children, and 15 percent have disclosed nothing about the family wealth. Among the reasons parents cited was fear that their children would become lazy (24 percent); would make poor decisions (20 percent); would squander money (20 percent); or would be taken advantage of by other people (13 percent).

by: Leslie Helm

Labels

about.com (1) Alexandra Nikolchev (1) Andrew Leonard (1) Anya Kamenetz (1) arts (3) asskissing (1) becky lang (1) book review (2) business (4) careers (17) cartoon (4) children (7) colbert report (1) college (8) colleges (12) comic (1) Conan O'Brien (1) creative (2) Dana Faccine (1) dance (1) debt (3) degrees (4) diane ravitch (1) doctor (1) documentary (1) Dr. Seuss (1) drawings (1) Drew Grant (1) drinking (1) economy (7) education (9) ELIZABETH HAYS (1) fail (9) fails (1) first entry (1) for-non-profit (2) Forbes (1) FRESH IS BACK (1) friends (1) frontline (2) Gene Marks (1) generation gap (6) george carlin (1) gifted (3) graduate school (4) graduates (4) graduating (4) graduation (6) HBO (1) hotel finance resourse (1) humor (3) ideas (1) intelligence (2) interests (1) IQ (3) James Marcus Bach (2) Jay Leno (1) jobs (15) jon stewart (1) LAURA PAPPANO (1) learning (3) Leslie Helm (1) letter to the editor (1) literature (1) Los Angeles Times (1) lying (7) major (1) majors (4) MB Quirk (1) Metro Mag (1) minor (1) minorities (1) minors (2) money (3) NPR (2) NYDAILYNEWS (1) NYtimes (2) onlinecollege.org (1) pay (7) PBS (1) PhDs (2) planning (1) profanity (1) rat race (1) reading (1) reform (6) Rutgers (1) s (1) scams (7) science (1) Seattle Business News (1) self-designed major (1) self-education (11) statistics (3) success (7) tangential (1) teaching (9) ted talks (1) testing (1) the Consumerist (1) the Nation (1) the Onion (3) the Salon (2) the specials (1) the Week (1) the young turks (1) Tony Cox (1) toothpaste for dinner (2) tourette's (1) truth (1) universities (8) video (10) WAWG (11) Weird Al (1) William Deresiewicz (1) women (1) writing (4) xkcd.com (2)

It's all about me.

My photo
wife. poet. humorist. friend.

Wordle: academiawordcloud