Like Greece in the euro zone, Stockton represents a difference of degree, not of kind.
But the main difference is the degree of choice that their rights-management offers.
As the railway lines have been upgraded over the years, the price differences between rural and London housing have shrunk and as that example shows, you can actually calculate the price difference to a fair degree of accuracy.
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The game that they would play in the pros would also be different from the game they were playing in college, but the difference was merely one of degree.
For starters, consider the fact that the degree of market failure varies from region to region: the difference between the price of water and its true marginal cost must be higher in dry places than wet ones.
There would be a 180 degree difference in that they might be able to take advantage of opportunities available today instead of being taken down and having to rebuild their financial lives.
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But with this difference: The Nadimpallis own the stocks directly and get a degree of customization and a sense of control not available to mutual fund owners.
He took the view that the difference between matters of fact and matters of meaning is only of degree, not of kind.
Unless your student is in the top 1% or so of the Genius League, it makes little difference if he earns a degree from a fancy school or the Podunk State U--and even then it may be irrelevant.
To be clear, this is the projected difference between what a kid can earn over a lifetime with a college degree from one of the Top 25 football schools and what he would have earned had he chosen not to go to college.
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That small difference grows considerably when you take into account that a community-college degree is a fraction of the cost of a bachelor's degree and that these students enter the workforce two years earlier.
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