Tidbits on April 22, 2005
Jensen at Trinity
Fraud Updates ---
For earlier editions of New
Bookmarks go to http://www.trinity.edu/rjensen/bookurl.htm
Archives of Tidbits: Tidbits Directory --- http://www.trinity.edu/rjensen/TidbitsDirectory.htm
here to search Bob Jensen's web site if you have key words to enter --- Search
For example if you want to know what Jensen documents have the term
"Enron" enter the phrase Jensen AND Enron. Another search engine that
covers Trinity and other universities is at http://www.searchedu.com/.
Bob Jensen's home page is
Campaign for Trinity University --- http://www.trinity.edu/departments/public_relations/case_statement/index.htm
Music: Lookin' Out My Back
Door: Turn speakers up! ---
They can cut all the flowers, but they'll never stop
Farewell to Robert Creeley, Poet, 1926-2005
Just days before he died, he gave his final reading -
in Charlottesville, Virginia - breathing from what he called "portable wee
canisters of oxygen about the size of champagne bottles". In between the poems
Creeley said very simple things that rang true: "There has been so much war and
pain during the last century. We need to learn how to be kind; kindness is what
makes us human." Creeley lived in Providence, Rhode Island, and was a
distinguished professor of English at Brown University. The director of Brown's
arts program, Peter Gale Nelson, said of him: "Rare enough to be a great poet,
even rarer to be a great person, as Robert was. He was a vibrant presence."
"The secret magician of American letters," Sydney Morning Herald, April
16, 2005 ---
Middlebury College offering graduate degrees --- in California
Middlebury College has always been known for its
undergraduate programs in the liberal arts, especially in languages. The college
has become increasingly popular with applicants in recent years, but officials
have struggled to figure out whether and how to expand its small graduate
program. The college may have an unusual solution: taking over a graduate
school. The Monterey Institute of International Studies, a California graduate
school with a strong academic reputation but struggling finances, approached
Middlebury about a possible deal, and the two institutions are in serious
discussions about an acquisition. For Middlebury, assuming control of the
institute could make it an immediate player in graduate education, expand its
visibility on the West coast, and help build its connections to Asia (a strength
of Monterey by virtue of its academic priorities and its Pacific location).
Scott Jaschik, "Cross Country Merger," Inside Higher Ed, April 21, 2005
Coke cooked the books
Richard Wessel, District Administrator of the
Commission's Atlanta District Office, stated, "MD&A requires companies to
provide investors with the truth behind the numbers. Coca-Cola misled investors
by failing to disclose end of period practices that impacted the company's
likely future operating results." Katherine Addleman, Associate Director of
Enforcement for the Commission's Atlanta District Office, stated, "In addition,
Coca-Cola made misstatements in a January 2000 Form 8-K concerning a subsequent
inventory reduction and in doing so continued to conceal the impact of prior end
of period practices and further mislead investors." In its order, the Commission
found that, at or near the end of each reporting period between 1997 and 1999,
Coca-Cola implemented an undisclosed "channel stuffing" practice in Japan known
as "gallon pushing" for the purpose of pulling sales forward into a current
period. To accomplish gallon pushing's purpose, Japanese bottlers were offered
extended credit terms to induce them to purchase quantities of beverage
concentrate the bottlers otherwise would not have purchased until a following
period. As Coca-Cola typically sells gallons of concentrate to its bottlers
corresponding to its bottlers' sales of finished products to retailers,
typically bottlers' concentrate inventory levels increase approximately in
proportion to their sales of finished products to retailers.
Andrew Priest, "THE
COCA-COLA COMPANY SETTLES ANTIFRAUD AND PERIODIC REPORTING CHARGES RELATING TO
ITS FAILURE TO DISCLOSE JAPANESE GALLON PUSHING,"
AccountingEducation.com, April 21, 2005 ---
Bob Jensen's threads on previous channel stuffing revenue recognition frauds are
Encarta lets everyone be an editor, but not as instantaneously as
Microsoft Corp.'s Encarta encyclopedia is testing a
system that lets everyone be an editor -- in theory at least. Readers can
suggest edits or additions to entries, although the changes are vetted by
editors before they reach the page. Encarta is not requiring such novice editors
to identify themselves, said Gary Alt, Encarta's editorial director. But it is
asking them to reveal the source of their information if possible, and the
editorial staff will check for both factual errors and evidence of bias. This is
in contrast to the online encyclopedia Wikipedia, which lets anyone
instantaneously make changes, even delete entries, regardless of whether that
person has any expertise in the subject. Encarta has added research editors and
fact checkers to handle the volume of edits it expects to receive when the
system goes live, perhaps as early as this week. But Alt said the added cost is
balanced by the advantage of having a seemingly endless pool of people who may
know more about a subject than hired editors ever would -- and will offer their
expert advice for free.
"Encarta lets everyone be an editor," CNN, April 19, 2005 ---
This tidbit was forwarded by Debbie Bowling.
This is my favorite mutual fund
Vanguard Group plans to start charging many of its
customers lower fees, in a move likely to further rev up the mutual-fund price
Tom Lauricella, The Wall Street Journal, April 21, 2005; Page D1 ---
Jensen Comment: Vanguard has always been very fair regarding fees and
fund choices to suit your investment goals. Vanguard stayed clean and
honest before and after the recent scandals in so very many other mutual funds
that have been rotten to the core ---
Tones at the top write the music
Many people tend to overlook strong business ethics. Unless management at the
top shows a clear path of ethical business practices, the people below cannot be
expected to follow. Without ethics, business has no meaning.
Shreinik Lalbhai, in a convocation address to the eighth Nirma Institute of
Management Studies in India, on the subject of ethics in business ---
Personally I wouldn't know what to do with the leisure.
Relativist income and status: Is this the real secret to happiness?
Consider this experiment where students at Harvard were
asked to choose between living in two imaginary worlds. In World One, you get
$50,000 a year while other people average $25,000. In World Two, you get
$100,000 a year, while others average $250,000. The majority of respondents
preferred the first world. They were happy to be poorer in absolute terms,
provided their RELATIVE position improved. All this suggests that a major
motivation for people in working so hard is to gain higher status directly from
their position in their organisation or from the amount of money they earn and
the homes, cars and other status symbols they are able to buy with that money.
"The real secret to happiness: higher taxes," The Age, April 14, 2005 ---
With so many businesspeople, economists and
politicians banging away, you would have to be pretty slow not to have got
the message: what our economy desperately needs is a lowering of income tax
rates, particularly the punishing top rate of 48.5 per cent.
The high tax rates we face are discouraging people
from working as hard as they could. We need more incentive to try harder -
to earn more, produce more and consume more.
But I've just been reading a new book - by an
economics professor, no less - that argues the exact reverse: we need to
keep tax rates high to discourage us from working so hard and, in the
process, neglecting more important aspects of life, including leisure.
The prof is Richard Layard - Lord Layard, to you -
of the London School of Economics. His book is Happiness: Lessons from a New
Science, published in Britain by Allen Lane.
Why on earth could so many of us - particularly
those on the top tax rate - be working too hard and neglecting our leisure?
At base, because our evolutionary make-up makes us highly rivalrous towards
other people, to be always comparing ourselves with others and seeking
Layard quotes other researchers' studies of vervet
monkeys. The researchers manipulated the status of a male monkey by moving
him from one group of monkeys to another. In each situation they measured
the monkey's level of serotonin, a neuro-transmitter connected with feeling
good. "The finding was striking," Layard says, "the higher the monkey's
position in the hierarchy, the better the monkey feels.
"When a monkey beats off his rivals, he not only
gets more mates and more bananas, he also gets a direct reward: being top
makes him feel great. This is a powerful motivator."
Social standing has a big effect on physical
health. When monkeys are put in different groups so that their rank changes,
their coronary arteries clog up more slowly the higher their rank.
Continued in the article
Americans will still spend more on taxes than they spend on food, clothing
and medical care combined
As many Americans rush to meet today's deadline to pay
their taxes, the Tax Foundation reports that the average taxpayer will have to
work two days longer than last year to support the government. Tax Freedom Day
-- when the average American has finished earning enough to pay off his or her
state and federal obligations -- will fall on April 17. That comes to 70 days
each of us will spend working for Uncle Sam this year, and another 37 days
working to support state and local government. "Despite all the tax cuts that
the federal government has passed recently, Americans will still spend more on
taxes than they spend on food, clothing and medical care combined," says the Tax
Foundation's Scott Hodge, who notes that as economic growth pushes people into
higher tax brackets, tax collections grow faster than incomes.
John Fund, The Opinion Journal, April 15, 2005
Do Fundamentals or Emotions Drive the Stock Market?
"Behavioral-finance theory holds that markets might fail to reflect economic
fundamentals under three conditions.." The three conditions are 1. Irrational
Behavior 2 Systematic patterns of behavior and 3. Limits to Arbitrage."
"Academics are still debating whether irrational investors alone can be blamed
for the long-term-reversal and short-term-momentum patterns in returns. Some
believe that long-term reversals result merely from incorrect measurements of a
stock's risk premium, because investors ignore the risks associated with a
company's size and market-to-capital ratio. (Eugene F. Fama and Kenneth R.
French, "Multifactor Explanations of Asset Pricing Anomalies," Journal of
Finance, 1996, Volume 51, Number 1, pp. 55�84.) These statistics could be a
proxy for liquidity and distress risk." There is more and I HIGHLY recommend you
take a look! It is EXCELLENT! (BTW this was originally from McKinsey Quarterly.)
I wholeheartedly agree with the article and am comforted by how close this
corresponds to what we do in class! :)
Quoted from Jim Mahar's blog on April 14, 2005. He's referring to "Do
Fundamentals or Emotions Drive the Stock Market?" by McKinsey & Co. CFO.com
The article itself appeared in The McKinsey Quarterly, April 13, 2005.
Talking yourself out of depression
Robert DeRubeis of the University of Pennsylvania and
his colleagues beg to differ, however. They have conducted the largest clinical
trial ever designed to compare talk therapy with chemical antidepressants. The
result, just published in Archives of General Psychiatry, is that talking works
as well as pills do. Indeed, it works better, if you take into account the lower
relapse rate. The study looked at a relatively modern type of talk
therapy, known as cognitive therapy, which tries to teach people how to change
harmful thoughts and beliefs. Patients learn to recognise unrealistically
negative thoughts when they occur, and are told how to replace them with more
positive ones. It may sound too simplistic to work, but other studies have shown
it can be used to treat anxiety, obsessive-compulsive disorder and eating
disorders. Dr DeRubeis wondered just how effective it really was for depression.
"Talk is cheap," The Economist, April 14, 2005 ---
"Then I would have to be sorry for dear God. The theory is correct."
It took him until 1915 to complete his general theory
of relativity. One of his students in philosophy and physics in Berlin at the
time was a young woman, Ilse Rosenthal-Schneider, who retained a lifelong
friendship with the famous scientist, even after she had fled to Sydney in the
1930s. They often took the same tram to university. "I had ample time to pester
him with my questions," she told this reporter in 1983, at the age of 91.
Einstein used to tease her, saying philosophical debates were like writing in
honey. "It looks wonderful at first sight. But when you look again it is gone.
Only the smear is left." One of Rosenthal-Schneider's fondest memories was
Einstein handing her a cable during a discussion. It was news that Sir Arthur
Eddington's observations of a solar eclipse had confirmed Einstein's general
theory of relativity. She asked the scientist what he would have done if the
results had not matched his ideas. "Then I would have to be sorry for dear God.
The theory is correct," he told her. Eddington's team made their observations
from Brazil and the island of Principe in 1919. While the results turned
Einstein into a household name, not all scientists were convinced by their
accuracy. "The data analysis was very dodgy," says Jamieson. A total solar
eclipse in Australia in 1922 gave researchers a second opportunity to test
whether reality matched theory and whether light that passed near a massive body
such as the sun would be bent by the gravitational force, as Einstein had
predicted. American astronomers from the Lick Observatory in California were
reportedly treated like celebrities on their mission near Broome, which
confirmed Einstein was right. The force of gravity is much stronger around
pulsars - spinning, city-sized neutron stars weighing more than the sun - than
around normal stars. "So they provide a much more stringent test of Einstein's
theory," says Manchester. He is part of a team that last year identified a
unique pair of pulsars which are orbiting each other. It has proved to be "a
magnificent laboratory" to test the theory, and his team also found Einstein got
it right. "General relativity is really very accurate."
"My brilliant idea," Sydney Morning Herald, April 16, 2005 ---
The blue tongue scare in Spain
Madrid: Some Spaniards may soon have to prepare for
the unthinkable: a summer without bullfighting. Instead of travelling to the
ring, many of Spain's mighty bulls are being confined to the ranch under a
quarantine aimed at halting the spread of a disease known as bluetongue. The
illness rarely harms cattle, but can devastate sheep, the backbone of Spain's €7
billion ($11.6 billion) livestock industry, causing fevers and internal
bleeding. The Government suspects ranches that produce fighting bulls are
harbouring the infection, and has ordered 60 per cent of them quarantined. "The
current measures would create the gravest crisis we have ever known," said
Enrique Garza Grau, secretary-general of the National Association of Organisers
of Bullfighting Spectacles. "If they are not modified, we wouldn't be able to
carry out even 50 per cent of the events that are scheduled." Supporters say
bullfighting is the essence of Spanish culture, so a threat is taken seriously.
"Sheep scare takes fight out of bulls," Sydney Morning Herald, April 16,
Ignorance is not bliss: 10 million children in the Arab world are
out of school
Half of the women in the Arab world are illiterate and
more than 10 million children in the region do not go to school, a report has
revealed. The report on the status of children and women, produced by the Arab
League and the UN Children's Fund (Unicef), said many Arab countries have made
progress on child rights and protection, but that more still needs to be done.
"More than 10 million children in the Arab world are out of school, most of them
in Egypt, Iraq, Morocco and Sudan," said the report, although it gave no figures
for the total number of school-age children in the region.
"Report: Half of Arab women illiterate," Aljazeera, April 12, 2005 ---
In Pursuit of Arab Reform ---
Give me your stuffed shirts yearning to breathe rich: Total CEO pay
was up smartly, to an average $9.6 million
Total CEO pay was up smartly, to an average $9.6
million -- a 15% increase from $8.3 million in 2003. But that average was skewed
by the outsize pay package of our most highly compensated CEO, Yahoo! Inc.'s (YHOO
) Terry Semel, who received a package worth $120 million made up almost entirely
of options. Take him out of the mix and the average raise was 11.3%, not far off
the rise in shareholder gains." An important change in this year's scoreboard is
that the options are valued using the Black Scholes formula rather than merely
looking at exercise gains. This will make "pay anomalies are now easier to
detect, thanks to a new methodology that BusinessWeek began using this year.
Instead of counting the windfalls from option exercises as part of the annual
pay package, as we have in the past, we're counting the value of annual option
grants. The values are calculated using the Black-Scholes formula...."
Quoted from Jim Mahar's blog on April 14, 2005. He's referring to "2005
Executive Compensation Scoreboard The 2005 Business Week Executive Compensation
"scoreboard," Business Week ---
If you have this magazine in the attic, it might be worth $10,000
From the Washingon Post Tech News on April 15
In 1965, a
technology trade magazine quoted Intel Corp. co-founder Gordon Moore as saying
that computer processing power would double each year, a theory widely embraced
as Moore's law and one that still holds true to this day. Trouble is, Intel
never saved a copy of the magazine and now is offering $10,000 for a mint
condition copy. Which magazine are they looking for?
Two hundred fifty years ago, on April 15, 1755, Samuel Johnson published the
first edition of his Dictionary of the English Language, compiled and written
almost wholly by himself. It appeared in London in two folio volumes. Like most
dictionaries, there is a rigorous serenity in the look of its pages. The
language has been laid out in alphabetical order. The etymologies and
definitions bristle with italics and abbreviations. The quotations that
exemplify the meanings of the words present a bottomless fund of good sense and
literary beauty. It's tempting to think of a lexicographer in terms of the
dictionary he produces, and Johnson's is certainly one of the great philological
accomplishments of any literary era. But it's just as interesting to think of
what the dictionary does to the man. Johnson says, quite simply, "I applied
myself to the perusal of our writers." But reading "our writers" to find the
materials for a dictionary is unlike any other kind of reading I can imagine. It
would atomize every text, forsake the general sense of a passage for the
particular meaning of individual words. It would be like hiking through
quicksand, around the world. Johnson lived in turmoil, and the sense of vigor he
so often projected was, if nothing else, a way of keeping order in a world that
threatened to disintegrate into disorder every day. And what was the disorder of
London to the chaos of the language? "Sounds," he wrote, "are too volatile and
subtile (interesting that the NYT would spell subtle wrong in an
article about a dictionary) for legal restraints; to
enchain syllables, and to lash the wind, are equally the undertakings of pride."
Johnson published his dictionary not as the conqueror of the language but as the
person who knew best how unconquerable it really is.
Verlyn Klinkenborg, "Johnson's Dictionary," The New York Times, April 17,
No sex please, I'm not into it
In the first study of asexuality ever published,
Anthony Bogaert of Brock University in Canada last year analysed the responses
of 18,000 people in Britain from a 1994 survey on sexual attraction. He found a
"surprisingly high" number - 1 per cent - agreed with the statement "I have
never felt sexually attracted to anyone at all". His results were published last
year in The Journal of Sex Research and reported in New Scientist magazine.
While homosexual behaviour has been observed in more than 450 species of
animals, sheep have provided the best evidence so far for asexuality in the
animal kingdom. Three different American teams in the 1990s found that about 10
per cent of rams showed no interest in ewes. Up to 7 per cent tried to mount or
sexually interact with other rams. This left 3 per cent of rams that were
"No sex please, I'm not into it," Sydney Morning Herald, April 16, 2005
The article itself describes the "pattern"
Ultimately, being coupled is simply a state of mind,
just as being single is. So your reaction, when your status shifts from one
state to the other, will depend on whether it was your decision, your partner's
or something that happened while you were busy making other plans; and what it
all meant to you in the first place. Whatever the circumstances, when it does go
pear-shaped, it takes a while to morph back from "we" to "I" but the loss
follows this pattern.
Megan Gressor, "Back to square one," Sydney Morning Herald, April 16,
That speculation is incorrect
The memo went out to University of Texas System presidents last month. The Board
of Regents had updated its rules on faculty rights and responsibilities, and
wanted to make sure that professors knew about the new code . . . Under a
section called “Freedom in the Classroom,” the policy reads: “Faculty members
are entitled to freedom in the classroom in discussing his or her subject, but
are expected not to introduce into their teaching controversial matter that has
no relation to his or her subject.” As that language spread across the Internet,
some professors suggested that there was a new crackdown in the works on what
goes on in faculty classrooms, apparently to pre-empt David Horowitz-style
“Academic Bill of Rights” legislation to regulate faculty conduct. That
speculation is incorrect.
Scott Jaschik, "Layers of Meaning," Inside Higher Ed, April
21, 2005 ---
States yearn to collect online sales taxes
Online purchases from sites like Amazon.com and eBay
may seem to arrive tax-free. Strictly speaking, however, purchasers are required
to pay their own state's sales tax rate--the concept is called a "use tax"--and
then voluntarily report the amount owed at tax time. Few do. That situation
worries state tax agencies, which have long complained about individuals not
volunteering how much use tax they owe from mail-order sales. The ballooning
popularity of online purchases is making a bad situation worse, state officials
believe. (All states with sales taxes have use taxes.) California residents, for
instance, enjoy a 7.25 percent sales and use tax. State law is strict: If
Californians travel to a state with a 5 percent tax and shop there, the law
requires them to cough up the 2.25 percent difference when they return. Online
purchases are taxed as well. But compliance is spotty at best. California's
Board of Equalization estimates the state lost $1.34 billion in 2003 because
residents aren't paying use taxes--$208 million of that due to online purchases.
"We are looking at ways to help solve the tax gap in California," Anita Gore, a
Board of Equalization spokeswoman, said Thursday. "We're doing the background
and research necessary to bring in more of this money."
Declan McCullagh, "States yearn to collect online sales taxes," ZDNet,
April 15, 2005 ---
Looking for love in all the wrong places
He says his job as a Moscow gumshoe is right out of the
movies. His name is Vladimir, an undercover detective hunting down Russian women
who bill themselves online as brides. As CBS News Correspondent Thalia Assuras
reports, their prey is American men. "They suck out $3,000 to $5,000, then
simply disappear," he says. "It's become almost like an industry," says Russian
detective Elena Garrett. Garrett is Vladimir's boss back here in the United
States. A Russian bride herself, she now helps clients find out if their online
love is real or an Internet phantom. "He gives us her name, age and everything,
and we come back in three days and we say, 'There is no such girl,'" says
Garret. "Such girl does not exist."
"Beware Russian Web-Order Brides," CBS News, April 16, 2005 ---
French farmers may become Europe's "black sheep."
Mr Chirac fired some shots at his opponents, warning
his audience about the consequences of voting No and conjuring up some fears of
his own. Without a strong Europe, he said, France would be vulnerable to the
“ultra-liberal, Anglo-Saxon Atlanticist” currents in the world and the rising
powers of China, India and South America. In particular, he cautioned France's
farmers, who are opposed to the constitutional treaty, that their lucrative
subsidies from Brussels could end if they rejected the treaty and became
Europe's “black sheep”.
John Thornhill, "Chirac shoots from hip for Yes vote," Financial Times, April
15, 2005 ---
First clone of champion racehorse revealed
The first ever clone of a champion racehorse was
unveiled on Thursday at a press conference in Italy. The foal was cloned from a
skin cell of Pieraz, a multiple world champion in equine endurance races of up
to 50 kilometres. Unlike conventional horseracing, which bans the use of
non-natural methods of breeding, including cloning, endurance racing is among
the half dozen or so equine sports which would allow cloned competitors. Others
include dressage, showjumping, three-day-eventing, polo and carriage horse
racing. It is the first time an elite racehorse has been cloned, and comes two
years after the appearance of Prometea, the first and only other cloned horse.
“Prometea was just a scientific experiment and, scientifically, there’s not much
new about the new clone,” says Cesare Galli, who produced both horses at the
University of Bologna in Cremona, Italy. “But from an industry viewpoint, the
new horse is the real thing.”
Andy Coghlan, "First clone of champion racehorse revealed," New Scientist,
April 14, ---
His house is now a home
The owner of a brothel in a small town in southern
Poland is closing down his business out of respect for Pope John Paul II who
died on April 2, the Gazeta Wyborcza newspaper reported yesterday. "I'm closing
down my business with the girls; I'm doing it for the one at the top, for John
Paul II," the paper quoted Jozej Galica as saying. "Money is not everything.
Something cracked inside me. I lost my way in life," he said. Mr Galica said he
would from now on take communion and confess to his Poronin parish priest,
Franiszek Juchas, who confirmed that the businessman had assured him he would
shut up shop.
"Brothel owner sees the light," Sydney Morning Herald, April 17, 2005 ---
Terrible time in history that gave Australians Anzac Day
Australia fed 331,781 young men into the World War I
mincer of France, Belgium, Gallipoli and the Middle East. Almost 60,000 never
came home. Of those who did, 213,000 returned wounded, either in body or mind.
Another 85,000 Australians enlisted but did not serve overseas. In a nation of
just 4 million, 416,809 of its men - all volunteers - were in uniform at some
time during the years 1914-18. Only three are still alive. Two are Victorians.
They are both 105. The other is a West Australian. He is 106. Just the three of
them. They are all that is left of that terrible time in history that gave us
"Shameful history of a desecration," Sydney Morning Herald, April 16,
Investor beware of your broker even after the new laws and regulations
The outrageous rip-off sends a clear signal to
investors that while many firms on Wall Street have cleaned up their acts,
smaller, neighborhood brokerages can still be a danger. Mitchell was so bold
that he made more than 2,400 stock deals in one nine-month stretch and purchased
more than $196 million of securities, the papers said. In addition to illegally
draining $10 million from his client's account, he ran up a $7 million margin
balance, according to the NASD papers. "This is one of the most brazen,
egregious frauds I have ever seen," said Jacob H. Zamansky, the lawyer who
brought the charges on behalf of his clients, Boris and Igor Minakhi, brothers
who are the trustees for their family's fortune.
Richard Wilner, "QUEENS BROKER IN KING-SIZED SCAM ," New York Post, April
17, 2005 ---
Bob Jensen's threads on "Rotten to the Core" are at
Congratulations Jim: Best of luck on your tough new assignment
The University of Washington has named Jim Jiambalvo, a professor of accounting,
dean of the university’s business school, pending approval by the school’s
regents. Jiambalvo, who has been with the business school since 1977, is
expected to start his new job May 1, 2005. In announcing Jiambalvo’s nomination
for the top job, university officials said that one of his key goals will be
raising money for the creation and construction of a new business school
"Accounting Professor Named Dean of Business School," AccounitngWeb,
April 11, 2005 ---
Flap in Cincinnati
Racist fliers posted at the University
of Cincinnati set off multiple controversies this week — over
the fliers themselves (which said “Don’t have sex with blacks —
avoid AIDS") and an article in the student newspaper that was
illustrated by the fliers, according to an
The Cincinnati Enquirer.
Inside Higher Ed, April 21, 2005 ---
Flap in Georgia
The University of Georgia’s messy, on-again, off-again battle with its own
foundation is on again. The Associated Press reports that the Board of Regents
told the university to sever ties to the foundation. The two entities have been
fighting over athletics programs, control of the university name and management
"Flap in Georgia," Inside Higher Ed, April 21, 2005 ---
Are you interested in four of our twelve grandchildren?
Cindy is David's wife and the mother of four of our grandchildren. Her
journal about raising four children near Yuba City, California ---
Drag the mouse and make the skeleton dance to the music ---
Link forwarded by Auntie Bev
Die hard Packer fans won't think this one is odd.
Toivo, a Finlander from Brantwood, finally gets a ticket to a Packer game. His
seat is in the nosebleed section but that's OK - he's at Lambeau Field. So he
starts looking around with his binoculars and sees a guy in one of the best
seats in the stadium with an empty seat beside him. It looks like an old friend
named Ole he knew when he went to school up north. This is driving Toivo nuts,
so finally at half time, he goes down, says hello to his old friend, and asks
Ole why he has a vacant seat in such a choice location.
Ole says, "My wife, Lena, and I bought dese here seats a long time ago. But
sadly, my dear Lena has passed avay."
"Oh, I'm really sorry to hear dat", Toivo says, "but vhy didn't you give da
ticket to anudder relative or a friend?"
Ole replies, "I tried to but everyone vanted to go to her funeral instead."
Fraud Updates ---
For earlier editions of New
s go to http://www.trinity.edu/rjensen/bookurl.htm
Archives of Tidbits: Tidbits Directory --- http://www.trinity.edu/rjensen/TidbitsDirectory.htm
here to search Bob Jensen's web site if you have key words to enter --- Search
For example if you want to know what Jensen documents have the term
"Enron" enter the phrase Jensen AND Enron. Another search engine
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Bob Jensen's home page
is at http://www.trinity.edu/rjensen/
Professor Robert E. Jensen (Bob) http://www.trinity.edu/rjensen
H. Jones Distinguished Professor of Business Administration
University, San Antonio, TX 78212-7200
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