Investor and entrepreneur tells the CBS news magazine that a college degree is unnecessary for financial success, but critics call his program an elitist ploy.

Billionaire investor Peter Thiel.

Peter Thiel’s plan to pay college students to develop their promising concepts instead of attending to school is attracting students as well as critics.

Best known as a co-founder of PayPal, the Silicon Valley investor and entrepreneur has also made early stage investments in companies such as Facebook, LinkedIn, and Yelp. Now he’s investing in college students, awarding fellowships of $ 100,000 each to youth under 20 years old, essentially encouraging them to drop out of college to become entrepreneurs.

In an interview scheduled to appear on tonight’s “60 Minutes,” Thiel tells Morley Safer that his program is a viable alternative to what he sees as a largely ineffective university system where costs far outweigh benefits.

“We have a bubble in education, like we had a bubble in housing…everybody believed you had to have a house, they’d pay whatever it took,” says Thiel. “Today, everybody believes that we need to go to college, and people will pay — whatever it takes.”

He also notes that a college degree is not necessary to land a high-paying job.

“There are all sorts of vocational careers that pay extremely well today, so the average plumber makes as much as the average doctor,” Thiel tells Safer.

Critics call Thiel’s plan an elitist ploy that only encourages others to drop out or not attend college at all.

“Peter Thiel has made so much money that he is out of touch with the real world,” Vivek Wadhwa, an entrepreneur who teaches at Duke and Stanford, told Safer. “He doesn’t understand how important education is for the masses.”

“What I worry about is a message that’s getting out there to America that it’s okay to drop out of school, that you don’t have to get college. Absolutely dead wrong.”

“60 Minutes” airs at 7 p.m. PT/ET on CBS stations.

Sources: CNET News

Thiel’s college dropout plan scrutinized by ’60 Minutes’

Script of the Day: Wolf CMS

Sources: Softpedia News – International

Script of the Day: Wolf CMS

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A Gamer’s Week: Might 20

The launch of Diablo III took location this week, with added drama, but we have managed to push by way of all the obstacles and play the hack and slash title from Blizzard in order to deliver a full Softpedia review and we also have a write-up about Warlock – Master of the Arcane, a turn-based method game with a fantasy theme.

We have a set Gamer Diaries ready this week as properly, 1 linked to Diablo III and his hellish fights, and 1 about Warlock and its fantasy delights.

In addition, we have delivered a Fast Look this week, for the lastly launched Max Payne three shooter from Rockstar and Take Two.

As always, we also provide two Weekend Reading features: one particular linked to the player reaction to the issues related with the Diablo III launch and one more about the achievement of mandatory online links for single-player games.

As constantly, there’s always an EndWeekGame post and a choice of the most fascinating news of the past week.

On Monday, we located out that the considerably-awaited Tom Raider reboot was now delayed into 2013 to let for a lot more polishing work, although Blizzard talked about the Guest Pass for Diablo III and the 30-day window for the Starter Edition for the hack and slash.

Tuesday was dominated by Halo 4 news as the improvement team at 343 Industries and Microsoft revealed the official cover art for the Master Chief starring game and a number of new enemies were shown off via action figure packaging.

On Wednesday, ideas about the autos that will be presented in Grand Theft Auto V were found in the files of the newly launched Max Payne 3 whilst Ubisoft talked about the social gaming prospective of the Xbox 720 and the PlayStation four.

On Thursday, Diablo III was revealed as having a secret, cartoon level although Blizzard apologized with the difficulties that were related with the game’s launch.

On Friday, Epic Games talked about Unreal Engine four although the developers of FIFA 13 discussed about their rivalry with PES.

On Saturday, Gearbox revealed unique editions for Borderlands 2 just as ZeniMax On the web talked about the last faction for The Elder Scrolls Online.

Sources: Softpedia News – Worldwide

A Gamer’s Week: Could 20

Zoom’s H2n Handy Recorder has built-in microphones and records MP3 files and 96-kHz/24-bit high-resolution audio.

The H2n recorder

(Credit: Zoom)

I wrote about Zoom’s nifty $ 99 H1 pocket recorder last year, and really loved its sound, so I was curious to see how the H2n recorder measured up. It’s a bit shorter, just 4.5 inches high, but fatter and a little heavier. The H2n’s body is shiny black plastic, but it feels more solidly built than the H1.

It has four recording modes: Mid-Side (MS) stereo, 90 degree X/Y stereo, two-channel, and four-channel surround modes. The H2n can record MP3 files (48 to 320 Kbps) or WAV files (44.1-kHz/16-bit to 96-kHz/24-bit). The “Gain Wheel” knob is a big improvement over the H1′s up/down record-level control buttons, and the large 1.8-inch back-lit display is easy to see. A 2 GB SD card is included, but the H2n works with up to 32GB SDHC cards, and there’s a USB 2.0 interface to transfer files to a Mac or PC. The H2n runs on two AA batteries, and Zoom claims they’re good for up to 20 hours of recording time.

The H2n and H1

(Credit: Steve Guttenberg)

Connectivity is pretty basic; there’s a 3.5mm mic input, a 3.5mm headphone/line output, a remote control jack, and that USB port I mentioned before.

I recorded a few musicians rehearsing for a session, and compared the H2n with the H1. Frankly, it was no contest. The differences in clarity and detail were bigger than I expected. The H1 sounded dull and lifeless by comparison; so it was harder to hear the natural reverberation of the room. The H2n is a great little recorder.

Amazon sells the H2n for $ 188.

Sources: CNET News

A great-sounding pocket recorder: Zoom H2n