My close friends Lon and Nancy Hendersen own the Sunset Hill House down the road from our cottage. There are assorted cross country ski trails up here. The above picture is in their slide show at

Congratulations to Kate Lopez and Trinity University


I want to congratulate Kate Lopez on her recent acceptance of an offer to join the accounting faculty at Trinity University. Kate is finishing her PhD at the University of Texas in San Antonio. Kate was one of my star students in Trinity's undergraduate and masters accounting programs. She joined Arthur Andersen and worked as a CPA auditor and an arbitrage consulting expert right up to the day Andersen closed its doors in San Antonio. She consulted me about her options for the future. With a new baby and her husband and father in business together in San Antonio there were difficulties for her to travel out of town to earn a doctoral degree.


I recommended that she look into applying for the new accounting doctoral program starting up at UTSA. The rest is history. She's done very well and is quite happy with UTSA's program. I anticipate that you will learn much more about this very talented young woman who's joining the Academy. Years ago as an undergraduate she paid close attention when I explained why I was blessed to have fallen into (more accurately skied into) the career of being an accounting educator.


Kate's been teaching accounting part time at Trinity for the past two years. Now she's stepped onto the tenure track.


And Congratulations to Some Old Folks at the Other End of Trinity's Tenure Track
November 30, 2006 message from Dan Walz

Please join me in congratulating Dick Burr (Business Statistics) for being ranked as the top professor for teaching at Trinity University and Petrea Sandlin (Accounting) for being ranked number 3 in Scene in SA Monthly. This is quite an honor! Open the pdf file below to see more.


Tidbits on December 1, 2006
Bob Jensen

For earlier editions of Tidbits go to
For earlier editions of New Bookmarks go to 

Click here to search Bob Jensen's web site if you have key words to enter --- Search Site.
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

Bob Jensen's past presentations and lectures ---   

Bob Jensen's Home Page is at

Bob Jensen's blogs and various threads on many topics ---
       (Also scroll down to the table at )

Online Video, Slide Shows, and Audio
In the past I've provided links to various types of music and video available free on the Web. 
I created a page that summarizes those various links ---

George Clooney and Oprah plead for an end to genocide in Darfur ---

The incoming House Ways and Means Chairman plays loose with the facts by greatly exaggerating African American/ Hispanic disproportions in what turns out to be our mostly white volunteer army ---

Hillary vs. Condi Ho Down (turn up your speakers) --- Click Here
She's Ready (Hillary Dances) --- Click Here

Hundreds of Clips from Canadian Broadcasting Corporation ---

Video Nation (from the United Kingdom) ---

Voices on Genocide Prevention (audio) ---

PC World's Digital Duo Videos ---

Who Wants to Be a Millionaire Game ---

Audio interview with two articulate Israeli women ---

Great Skinny Dip ---

Frank Sings Strangers on My Flight ---

David Letterman's selection of great presidential moments ---

Free music downloads ---

Sammy Davis Song and Dance Man ---

From Jessie
If the sound does not commence after 30 seconds, scroll to the bottom of the page.
You Had Me from Hello ---
If I Should Ever Fall Behind ---
Paint the Sky With Stars ---
Have a Little Faith in Me ---
Good Morning Beautiful ---
Thank You for Loving Me ---
Morning Has Broken ---
Holding All My Love for You --- 
Nothing Can Keep Me From You ---
Love Me ---
The River ---
Whiskey Bar ---

From Janie
Elvis singing Memories ---

From Janie (more Elvis) ---

Ravi Shankar, Master of the Sitar ---

Sanjay Mishra: A Cross-Cultural Exploration in Music ---

The Psychedelic Debut of Jimi Hendrix ---

OK Go, French Kicks in Concert from D.C. ---

Tom Waits: The Whiskey Voice Returns ---

Taylor Fights, Then Follows, Parents' Musical Path ---

Photographs and Art

The politically correct Iwo Jima ---

Waiting for the Season:  Celebrating Wildflowers 

Kenneth Parker Photographs ---

Wild Things Photography ---

Off The Map [Art] ---

Time Magazine's historic photos of the most popular 100 musicians of all time ---

Online Books, Poems, References, and Other Literature
In the past I've provided links to various types electronic literature available free on the Web. 
I created a page that summarizes those various links ---

Yale Book of Quotations (great but not an online freebie) ---
This is favorably reviewed by Scott McLemee in "Quote Unquote," Inside Higher Ed, November 29, 2006 ---
Bob Jensen's links to free quotations are at

Ocean Flowers: Anna Atkins’s 19th Century Cyanotypes of British Algae --- Click Here

Phantasmagoria and Other Poems by Lewis Carroll (1832-1898) --- Click Here

The Adventure of the Blue Carbuncle by  Arthur Conan Doyle (1859-1930) --- Click Here 

  • You've got to be taught to hate and fear
    You've got to be taught from year to year
    It's got to be drummed in your dear little ear
    You've got to be carefully taught
    You've got to be taught to be afraid
    Of people whose eyes are oddly made
    And people whose skin is a different shade
    You've got to be carefully taught
    You've got to be taught before it's too late
    Before you are six or seven or eight
    To hate all the people your relatives hate
    You've got to be carefully taught You've got to be carefully taught

    Rogers and Rodgers and Hammerstein in South Pacific

    Parents have forced a school trip to a mosque to be abandoned because they objected to their children learning about Islam. Atwood Primary in Croydon was forced to call off a Year 5 class visit to a mosque after nearly a third of parents refused to give consent.
    "Class trip to mosque blocked by parents," Canada's Daily Mail, November 22, 2006 --- Click Here

    Episcopalians tend to be better-educated and tend to reproduce at lower rates than some other denominations
    (e.g.,  Roman Catholic and Mormon churches that tend to encourage large families)
    Bishop Katharine Jefferts Schori, the first woman to head the US Episcopal Church (ECUSA) ---
    Jensen Comment
    I can't believe Bishop Schori made such a statement!  She does confirm why Episcopalians, being more educated, are more unfit for military service than prolific and uneducated Roman Catholics who support Senator Kerry and Representative Rangel..

    MUSLIM terrorists are no more likely to come from places with large Islamic populations than anywhere else, according to Manchester academics. Dr Ludi Simpson and Dr Nissa Finney studied media reports to map the location of suspects charged under anti-terror laws. The Manchester university researchers found that the proportion of people who have been charged is no greater in areas with large Muslim populations.
    Seb Ramsay, "Large Muslim areas 'not breeding grounds for terror'," The U.K Manchester Evening News, November 22, 2006 --- Click Here

    With Baghdad shaken by daily outbreaks of sectarian violence, in Iraq's western al-Anbar province, groups of former Iraqi Baathists are battling armed Islamist groups for control of this largely desert region near the Syrian border . . . The former Baathist fighters are believed to be relatively secular while their opponents share al-Qaeda's dream of establishing an Islamic caliphate in Iraq which will then be a launchpad for carrying out attacks around the Middle East.
    Maher al-Jasem, "Sunni face new conflict in Iraq war," Al Jazeera, November 24, 2006 --- Click Here

    Libyan leader Moammar Gadhafi Sunday accused the West of trying to grab Sudan's oil wealth with its plan to send U.N. troops to Darfur and urged Khartoum to reject them. "Western countries and America are not busying themselves out of sympathy for the Sudanese people or for Africa but for oil and for the return of colonialism to the African continent," he said.
    "Gadhafi: U.N. Darfur force is ruse to grab Sudan's oil," CNN News, November 19, 2006 --- Click Here
    Jensen Comment
    Yeah Right! George Clooney and Oprah secretly conspired with Bush and Cheney to grab the oil wells. See the video for yourself at

    The news is that two years after we've said "genocide" that it's still going on and it's increasing — and that somewhere in there we can all talk about this and make speeches and say this is horrible and we have to do something. But every day we don't do something, and every day this goes on, thousands of people are dying and dying horrific deaths . . . Here's the thing: We always see this now. We have tragedy fatigue on television. Every day, 20 kids [are] killed in Iraq or, you know, there's always disaster. Pakistan, Afghanistan, there's always horrible disaster in Nepal now. But this is genocide, and if everybody just got up right now out of their chair and picked up a phone and called their congressman, or called the number that registered with the president, it makes a difference. It always has.
    Oscar Winning George Clooney, ABC News, April 30, 2006 --- Click Here
    Clooney On Darfur | September 15, 2006 (Video)

    We all condemn terrorism, because its victims are the innocent. But, can terrorism be contained and eradicated through war, destruction and the killing of hundreds of thousands of innocents? If that were possible, then why has the problem not been resolved?
    Mahmoud Ahmadinejad, "Letter to the American People," President of the Islamic Republic of Iran, November 29, 2006 ---

    “Americans are going to be very puzzled by it (Mahmoud Ahmadinejad's, "Letter to the American People,") ,” said William Beeman, a linguistic anthropologist at Brown University who specializes in Persian. “People are simply not used to being talked to this way.” He added, “It is almost a sermon, which is very much in keeping with his religious background. But I should also point out it is also a lecture.” The letter reminded Americans that “many victims of Katrina continue to suffer, and countless Americans continue to live in poverty and homelessness.” It also lamented: “Civil liberties are increasingly being curtailed. Even the privacy of the individuals is fast losing its meaning.” The president made no reference to the level of poverty, political freedom or judicial independence in his own country.
    Michael Slackman, "Iran’s President Criticizes Bush in Letter to American People," The New York Times, November 30, 2006 ---

    Anybody who recognizes Israel will burn in the fire of the Islamic nation's fury.
    Mahmoud Ahmadinejad ---

    Powerful Iran is the best friend of the neighboring states and the best guarantor of regional security
    Mahmoud Ahmadinejad

    Our religion prohibits us from having nuclear arms and our religious leader has prohibited it from the point of view of religious law. It's a closed road.
    Mahmoud Ahmadinejad

    We believe that atomic energy is a blessing given by God.
    Mahmoud Ahmadinejad

    Iran is ready to transfer nuclear know-how to the Islamic countries due to their need.
    Mahmoud Ahmadinejad

    As the Imam (Ayatollah Khomeini) said, Israel must be wiped off the map.
    Mahmoud Ahmadinejad
    Jensen Comment
    There are academic disputes over the translation of this threat ---
    A synopsis of Mr Ahmadinejad's speech on the Iranian Presidential website states:

    He further expressed his firm belief that the new wave of confrontations generated in Palestine and the growing turmoil in the Islamic world would in no time wipe Israel away (however interpreted) ---

    They say it is not possible to have a world without the United States and Zionism. But you know that this is a possible goal and slogan.
    Mahmoud Ahmadinejad

    CNN host Glenn Beck criticizes the rest of the Western media, including by implication his own station CNN, for drastically failing to properly report on Islamic extremism. This documentary, screened on the American (but not so far on the international) version of CNN ---

    Researchers have been scouring rivers in Europe and the US for traces of cocaine consumption. The result: Cocaine use is probably much greater than previously assumed -- and New Yorkers are the biggest coke-heads of all.
    Markus Becker, "New York Blows Away the Competition," Spiegel (Germany), November 23, 2006 ---,1518,450078,00.html

    The radioactive poison used to kill the former Russian spy Alexander Litvinenko is being offered for sale over the internet for less than £40. A company in the US claims to supply polonium-210 to anyone for just $69 plus postage and packing. A three-pack set of “alpha, beta, gamma” radioactive isotopes also includes polonium-210. United Nuclear, based in Albuquerque, New Mexico, tells purchasers: “If you’re looking for clean, accurate, certified radiation sources, here they are. . . All isotopes are produced fresh in a nuclear reactor and shipped directly to you.”
    Tony Halpin in Moscow, "Polonium-210? it's yours for $69, no questions asked," London Times, November 30, 2006 ---,,2-2478908.html
    Jensen Comment
    This makes little sense since coming near this radiation is dangerous to postal workers and other innocent people who get near the package.

    Be unselfish: respect the selfishness of others.
    Stanislaw Jerzy Lec (1909-1966) --- Click Here

    A patriot must always be ready to defend his country against his government.
    Edward Abbey

    This world is a comedy for those who think but a tragedy for those who feel.
    Horace Walpole

    Be nice to people on your way up because you'll meet them on your way down.
    Wilson Mizner (1876-1933) --- Click Here

    Never mind those promised reforms
    The reception thrown by Nancy Pelosi at the Capitol a week after the Democrats prevailed in congressional elections was a party some power players had been waiting more than a decade to attend. The fête was for newly elected freshmen lawmakers, but Pelosi's invited guests included big-name Democratic lobbyists like Jack Quinn, Tony Podesta and Steve Elmendorf. Said a partygoer: "I thought to myself, they're all back, all the same old faces. It was just like old times." . . . Who will win the coming battle between reformers and revanchists? The market is betting against reform. Demand for anyone with access to powerful Democrats on the Hill is soaring. Lobbyists who couldn't get a meeting (before the election) are suddenly a hot commodity. "I've gotten a lot of calls from headhunters in the last two months," says Florence Prioleau, a lobbyist who has maintained close ties with her former boss, New York's Charles Rangel, incoming chairman of the Ways and Means Committee. Pelosi's former chief of staff, George Crawford, has just been hired by Amgen, a biotech company, to represent its interests with the new Congress.
    Massimo Calabresi, "When the Democrats Take Back K Street:  Democratic lobbyists are enjoying a comeback after 12 years of exile. Never mind those promised reforms," Time Magazine, November 26, 2006 --- Click Here

    The City Council here voted late Tuesday to ban certain giant retail stores, dealing a blow to Wal-Mart Stores Inc.'s potential to expand in the nation's eighth-largest city. The measure, approved on a 5-3 vote, prohibits stores of more than 90,000 square feet that use 10 percent of space to sell groceries and other merchandise that is not subject to sales tax.
    Elliot Spagat, "San Diego to Ban Wal-Mart Supercenters," Yahoo News, November 29, 2006 ---
    Jensen Comment
    Think of how much better off residents of San Diego will be as a result of this decision supposedly in their best interests. I wonder what would happen if the choice was put to a test in a referendum? The entire state of Vermont banned new Wal-Mart stores of any kind, and now I can't get into my closest New Hampshire Wal-Mart (ten miles away in Littleton) because most of the cars in the overflowing parking lot have green license plates. Claiming that sales tax revenue in San Diego and Vermont will increase without Wal-Mart stores is phony to the point of being fraudulent. The real reason is that local business interests can't compete with Wal-Mart --- which is a much more legitimate argument but it won't sell with voters. I might add that the lowest paying workers are those clerks in small retail stores. These exploited workers would have much better salaries and benefits working for Wal-Mart. But from a selfish standpoint, I hope that my little village never allows any store to have more than 50 square feet. We have only one Sugar Hill store to date (an old fashioned cheese and venison store). One little store's enough for our village as far as I'm concerned. I'd vote against Wal-Mart if it ever came to a vote in Sugar Hill. But then I'd also vote against any new store in Sugar Hill. But I was all in favor of more and more Wal-Mart Supercenters when I lived in San Antonio, because more Wal-Marts beside the many Super K-Marts and other giant stores are not going to affect the ambiance of San Antonio (or San Diego).

    The essay — in his collection There’s No Such Thing as Free Speech — ought to be more notorious still. According to Fish, academics will do anything to distinguish themselves from “the realities of the marketplace.” One of whose realities, I am suggesting here, is that bosses do exist in both realms. Perhaps we can’t abide a vocabulary of bosses because the need to distinguish ourselves from the world of business is so crucial. Or, more interestingly, perhaps we already have enough oppression. “In the psychic economy of the academy,” Fish explains, “oppression is the sign of virtue. The more victimized you are, the more subject to various forms of humiliation, the more you can tell yourself that you are in proper relation to the corrupted judgment of merely worldly eyes.”
    Terry Caesar, "Who’s the Boss?" Inside Higher Ed, November 21, 2006 ---

    It’s a funny old world. Chinese manufacturers are copying the circuit boards and designs of products from Japan and Korea, and they’re doing it so fast that by the time the originals arrive in the marketplace, they’re seen as the fakes! China is a land of endless factories, with many pumping out the world’s most desirable gadgets, from iPods to portable computers to digital cameras and much more.
    Alex Zaharov-Reutt, "Fake chinese electronics selling better than the originals!" ITWire, November 27, 2006 ---

    A state office that oversaw a series of controversial charities tied to African-American legislators is being scrutinized by the FBI, Gov. Kathleen Blanco’s office confirmed Tuesday in announcing that it had complied with a subpoena for records from the department. “The governor’s office staff has complied with the FBI’s request for information dating back to 1996 regarding certain programs funded by the former Office of Urban Affairs,”
    Gordon Russell, Jan Moller and James Varney, New Orleans Times Picayune, November 22, 2006 --- Click Here
    Jensen Comment
    Government programs are always ripe for the plucking by ex-generals and criminal politicians, most especially Louisiana politicians who've been notoriously corrupt since the Louisiana Purchase in 1803. Crime just grows and grows hand-in-hand with government programs and Louisiana seems to steal more than its fair share from Federal programs. For Louisiana criminals, of all races, Katrina was indeed a perfect storm.

    Each place has its own advantages - Heaven for the climate and Hell for society.
    Mark Twain

    A church that wanted to do something special for Hurricane Katrina victims gave a $75,000 house, free and clear, to a couple who said they were left homeless by the storm. But the couple turned around and sold the place without ever moving in, and went back to New Orleans. "Take it up with God," an unrepentant Joshua Thompson told a TV reporter after it was learned that he and the woman he identified as his wife had flipped the home for $88,000. Church members said they feel their generosity was abused by scam artists . . . The church was also shocked by an ungrateful interview the couple gave with WHBQ-TV in Memphis. "I really don`t like this area," said Delores Thompson. "I really didn`t, and I didn`t know anybody, so that`s why I didn`t move in and I sold it."
    "2 unrepentant about selling Katrina gift," The Angola Press, November 22, 2006 ---
    Also see

    "They came in humble like they really needed a new start, and our hearts went out to them," said Jean Phillips, a real estate agent and member of the Temple of Deliverance Church of God in Christ. "They actually begged for the home." . . . "Do I have any legal problems? What do you mean? The house was given to me," Delores Thompson said. "I have the paperwork and everything." She refused further comment and hung up.
    WTOP ---
    Jensen Comment
    We can only hope that God takes it up with scammers like Joshua and Delores Thompson. If we could get a glimpse of them ten years from now my guess is that they will not be so proud and happy that they scammed the Good Samaritans. It would be fantastic if they prospered and became reformed Good Samaritans themselves --- but in the meantime don't hold your breath!

    British criminal psychologists are putting together a list of the 100 most dangerous murderers and rapists before they have committed any such crimes, The Times said.
    "British police targeting would-be criminals before they offend," PhysOrg, November 27, 2006 ---
    Jensen Comment
    In the U.S., our ACLU would never tolerate such a crime prevention move even against our even our most threatening criminals.

    And contrary to the United Nations resolutions, contrary to the official policy of the United States government, contrary to the Quartet so-called road map, all of those things – and contrary to the majority of Israeli people's opinion – this occupation and confiscation and colonization of land in the West Bank is the prime cause of a continuation of violence in the Middle East," he said.
    "Carter blames Israel for Mideast conflict:  'Domination' over Palestinians 'atrocious,' ex-prez tells 'Good Morning America'," WorldNetDaily, November 27, 2006 ---

    Carter's book "Palestine: Peace Not Apartheid" is so biased that it inevitably raises the question of what would motivate a decent man like Jimmy Carter to write such an indecent book. Whatever Mr. Carter's motives may be, his authorship of this ahistorical, one-sided, and simplistic brief against Israel forever disqualifies him from playing any positive role in fairly resolving the conflict between Israel and the Palestinians. That is a tragedy because the Carter Center, which has done much good in the world, could have been a force for peace if Jimmy Carter were as generous in spirit to the Israelis as he is to the Palestinians.
    Alan M. Dershowitz
    , (Harvard Law School). New York Sun, November 22, 2006 ---
    A knowledgeable Lebanese-American casts even more doubt on Carter's scholarship

    Also see

    One of the most nefarious elements in the book is Carter’s effort to paint Israel as hostile to Christians. He repeatedly refers to “Christians and Muslims” rather than simply the Palestinians in a transparent effort to suggest that Israeli actions were harming Christians and not just Muslims or Arabs. He claims, for example, that “many priests and pastors” were disturbed by the control of Israeli religious parties over “all forms of worship.” On a visit to Jerusalem in 1990, he said he met with a variety of Christian leaders who he said complained of various abuses. He doesn’t offer a single specific example, but tars Israel with bigotry. He then says that Prime Minister Shamir told him that religious parties had authority over all religious matters because of the needs of the coalition government. Carter says that this conversation made him understand why “there was such a surprising exodus of Christians from the Holy Land.”

    These charges are so vile they require a more substantial response. First, while Christians are unwelcome in Islamic states such as Saudi Arabia, and most have been driven out of their longtime homes in Lebanon, Christians continue to be welcome in Israel. Christians have always been a minority in Israel, but it is the only Middle East nation where the Christian population has grown in the last half century (from 34,000 in 1948 to 145,000 today), in large measure because of the freedom to practice their religion.

    The "progressive" media grows angry with Democrats who do not endorse Jimmy Carter's rage toward Israel
    Instead, Democrats are shoring up their pro-Israel bona fides. They are strikingly anxious because of a courageous new book by President Jimmy Carter that hit American bookstores in mid-November, Palestine: Peace Not Apartheid.
    Michael F. Brown, "Dems Rebut Carter on Israeli 'Apartheid'," The Nation, November 20, 2006 ---
    Jensen Comment
    I don't find solutions in Carter's book that have not already been advocated and tried even by Israel. Carter insists on Israel's right to exist. He's a man a peace who does not advocate wiping out Israel. Liberals who like to be called "progressives" advocate cessation of military and economic backing of Israel. Do progressives really want Israel so wounded and dying that Israel seriously considers resorting to its huge nuclear arsenal.  As usual, the "progressives" are long on criticism but short on alternatives. So is Jimmy Carter. Finding solutions is not nearly as much fun as finding fault.

    Most chilling of all, could the festering differences precipitate a military confrontation involving the use of nuclear weapons? It is known that Israel has a major nuclear arsenal and the capability to launch weapons quickly, and some neighboring states are believed to be attempting to acquire their own atomic bombs. Without progress toward peace, desperation or adventurism on either side could precipitate such a confrontation.
    Jimmy Carter, Palestine: Peace Not Apartheid

    A joint paratrooper and Shin Bet force uncovered an explosive lab in Nablus Friday night. In the lab, the forces found teddy bears with wires hanging from them, apparently slated to be used as explosive devices . . . Captain Assaf Cabra, a company commander at the Haruv battalion, addressed the operation at the time: "We launched a regimental operation in Nablus, which included searches, seizing weapons and arrests. We uncovered the explosive lab in the casba, which contained between 40 to 50 kilograms (88 to 110 pounds) of explosives for preparing explosive devices."
    "Nablus: Explosive teddy bears found in lab," YNet News, November 25, 2006 ---,7340,L-3332360,00.html
    Jensen Comment
    When the teddy bears blow up in the faces of children, Jimmy Carter reminds them that their parents really caused the pain and suffering. In fairness, Israel's recklessness has killed and maimed children in Palestine. But it is a particularly vile deed to deliberately plant explosives in toys for children.

    Denmark, once the symbol of a welcoming welfare state, is becoming part of an anti-immigrant backlash sweeping across Europe. Sentiments once associated with ultra right-wing parties are becoming mainstream.
    Sylvia Poggioli, "Danes' Anti-Immigrant Backlash Marks Radical Shift," NPR, November 20, 2006 ---

    French presidential candidate Jean-Marie Le Pen is drawing support again this year for his anti-immigrant stance. The extreme-right politician is pushing for a welfare system that favors indigenous French . . . Immigration -- code for Muslim immigration -- was the convention's hot-button issue.
    Sylvia Poggioli, "Anti-Immigrant Policy Boosts France's Le Pen Again," NPR, November 22, 2006 ---

    The second element is definitiveness. Our political figures say they have to concentrate on an overall, long-term, comprehensive answer to the immigration problem. So they huff and puff about the long-term implications of this move or that, and in the end they do nothing. They are like people in a burning house who sit around discussing the long-term efficacy of various kinds of water hoses while the house burns down around them.
    Peggy Noonan, "What Grandma Would Say:  We don't need to solve the immigration problem forever. We need to solve it now," The Wall Street Journal, November 24, 2006 ---

    With political junkies looking ahead to the 2008 presidential race, two of the names often mentioned as leading contenders for the GOP nomination – John McCain and Rudy Giuliani – are being called "disastrous" for the Republican Party by Rep. Tom Tancredo, R-Colo. Both of those individuals, of course, would be disastrous for us for a variety of reasons, not the least of which is their position on immigration, which is to open the border," Tancredo told WND in an exclusive interview.
    Joe Kovacs, "Tancredo: McCain, Giuliani would be disastrous for GOP," WorldNetDaily, November 22, 2006 ---
    Jensen Comment
    Senator McCain's "open border stance," like a lot of his stances, is no more solid than flubber. He voted both times to build the border fence despised by Mexico and favored heavily by his Arizona constituency. To see how the U.S. Senate (Republicans and Democrats alike) voted overwhelmingly to build a useless wall between the U.S. and Mexico, go to
    Since being for an open border will be political suicide for the 2008 elections, it's entertaining to watch Congress dance the proverbial sidestep. The great majority of our legislators will proudly point to their votes in favor of building a border wall and then find all sorts of excuses not to fund the actual construction.  Even more of a hot potato will be amnesty for millions of  illegal immigrants already residing in the U.S. I favor a  one-time amnesty coupled with elimination of citizenship of babies born to on U.S. soil to mothers who are not citizens. Bush strongly supports amnesty and citizenship to all babies born in the U.S. in the face of overwhelming opposition among voters. Counterfeiters are now cranking out thousands of phony birth certificates daily in anticipation of bringing in more more parents from Mexico. This will be a booming business until babies are not granted automatic citizenship regardless of citizenship status of the parents.

    Half of the 91,516 illegal aliens from terror-sponsoring countries and those of "special interest" apprehended at the border between 2001 and 2005 were released into the U.S. population, according to a report by the inspector general's office of the Department of Homeland Security. The report, "Detention and Removal of Illegal Aliens," released earlier this year with little fanfare or attention, suggests about 85 percent of those aliens – potentially the most dangerous – would abscond and likely never be seen by authorities again. Acknowledging the danger such aliens pose to the national security, the report cites a DHS official testifying that terrorist organizations "believe illegal entry into the U.S. is more advantageous than legal entry for operations reasons."
    "45,000 terror-threat illegals released into U.S. population:  Half from countries of 'special interest' let go between 2001, 2005, says report," WorldNetDaily, November 29, 2006 ---

    A South African man has been fined $140 for taking a week off work, telling his employers he was pregnant. Charles Sibindana, 27, stole a certificate from a clinic during his pregnant girlfriend's checkup, a court near Johannesburg heard. He then added his own details to the note and submitted it and took seven days off work, seemingly unaware that only women consult gynaecologists (sic) . His employers became suspicious and investigated the matter.
    "'Pregnant' man fined in SA court," BBC News, November 28, 2006 ---
    Jensen Comment
    This sort of dashes his hopes for maternity leave, but he might still conjure up a miracle by moving to New Orleans.



    A Primer on Electronic Communication
    Often enough we are faced with a question that can best be answered by someone else, possibly a complete stranger. The upside of the Internet is that we can quickly contact folks without much effort. The downside of the Internet is that people can contact us without much effort. This reality is very present in academe today — where senior professors constantly gripe about being overwhelmed by inappropriate e-mail, to the point where some hide their e-mail addresses. Graduate students and researchers of all kinds, meanwhile, agonize over how to approach an eminent scholar with a query, and trade strategies for actually getting an answer.
    Eszter Hargittai, "A Primer on Electronic Communication," Inside Higher Ed, November28, 2006 ---



    November 29, 2006 reply from Scott Bonacker [aecm@BONACKER.US]

    That is good - thanks for posting the link.

    Here's another one - 

    The subject of this one is different, but the procedures are intended to reach the same result.

    Scott Bonacker, CPA
    Springfield, Missouri

    "How To Ask Questions The Smart Way" by  Eric Steven Raymond

    What radio broadcast had the largest audience in history?


    You can listen to it here ---



    The 1938 boxing rematch between American Joe Louis and German Max Schmeling is believed to have had the largest audience in history for a single radio broadcast. In 2005, the Library of Congress selected it for the National Recording Registry.
    "The Fight of the Century: Louis vs. Schleming," NPR, November 25, 2006 ---



    2006 Update on WorldCom Fraud
    U.S. Judge Denise Cote of the U.S. Court for the Southern District of New York said the distribution should be made "as soon as practicable." More than one dozen investment banks, including Citigroup Inc. and JPMorgan Chase & Co., agreed to pay about $6.15 billion to resolve allegations that they helped WorldCom sell bonds when they should have known the phone company was concealing its true financial condition. The remaining balance from available settlement funds will continue to accrue interest until other claims are processed and disputed claims are resolved, Cote said in her four-page order.

    "Judge OKs $4.52 bln payout to WorldCom investors," Reuters, November 29, 2006 --- Click Here

    2005 Update on WorldCom Fraud
    Former WorldCom Investors can now claim back some of the billions of dollars they lost in a massive accounting fraud, after a federal judge approved legal settlements of "historic proportions." The deal approved Wednesday by U.S. District Judge Denise Cote, will divide payments of $6.1 billion among approximately 830,000 people and institutions that held stocks or bonds in the telecommunications company around the time of its collapse in 2002.
    Larry Neumeister, "Judge OKs $6.1B in WorldCom Settlements," The Washington Post, September 22, 2005 ---   

    University of California gets a settlement from Citigroup as part of its losses in the WorldCom accounting scandal
    Citigroup has agreed to pay the University of California more than $13 million to settle a lawsuit over liability for the university’s investments in WorldCom, a company that collapsed in 2002. The university sued over inaccurate analyses of WorldCom, which led UC to pay more than it would have otherwise to buy stock in the company.
    Inside Higher Ed, April 7, 2006 ---

    The WorldCom audit by Andersen is arguably the worst audit in history. Bob Jensen's threads on the WorldCom scandal are at


    What do professors think are the top accounting education programs in the U.S.?


    The Public Accounting Report on October 30, 2006 published its rankings of the universities having the top undergraduate, masters, and doctoral programs in accounting. The University of Texas hung on to the top rankings in all three categories ---


    Of course these rankings are subject to all the criticisms of college rankings in general ---
    Be that as it may, these rankings are very important for both fund raising and student recruiting activities.


    AHP = Analytic Hierarchy Process


    November 15, 2006 message from Al-Mashari Gmail

    I hope that you are doing well. Could you, please, send me your papers and any related references that use AHP especially in the computer filed. As I'm interested in this filed.

    Thanks in advance for your expected cooperation.

    Yours B. Al-Mashari

    November 20, reply from Bob Jensen

    I’m sorry that most of those old, like me,  Analytic Hierarchy Process papers were discarded when I moved across the U.S. to my retirement cottage.


    I did find one of our old published papers online.

    "Analytic Hierarchy Process Multivariate Analysis of Expert Judgment Regarding Alternative Analytical Review Procedures: An Empirical study," with C.E. Arrington and W.A. Hillison, Journal of Accounting Research, Vol. 22, No. 1, Spring 1984, 298-312 ---


    One of my doctoral students, Ed Arrington, used AHP in a clever doctoral dissertation at Florida State University ---



    My published papers on AHP are available in some libraries ---


    "A Dynamic Analytic Hierarchy Process Analysis of Capital Budgeting Under Stochastic Inflation Rates and Risk Premiums," Advances in Financial Planning and Forecasting, Vol. 2, 1987, 269-302.

    "Extension of Consensus Methods For Priority Ranking Problems: Eigenvector Analysis of 'Pic-the-Winner' Paired Comparison Matrices," Decision Sciences, Vol. 17, Spring 1986, 195-211.

    "Matrix Scaling of Subjective Probabilities of Economic Forecasts: An Empirical Study," Economics Letters, Vol. 20, 1986, 221-225. With Roger W. Spencer of Trinity University Economics Department.

    "An Alternative Scaling Method for Priorities in Hierarchical Structures," Journal of Mathematical Psychology, Vol. 28, No. 3, September 1984, 317-332.

    "Analytic Hierarchy Process Multivariate Analysis of Expert Judgment Regarding Alternative Analytical Review Procedures: An Empirical study," with C.E. Arrington and W.A. Hillison, Journal of Accounting Research, Vol. 22, No. 1, Spring 1984, 298-312 ---

    "Aggregation (Composition) Schema for Eigenvector Scaling of Priorities in Hierarchial Structures," Multivariate Behavioral Research, Vol. 18, January 1983, 63-84.

    Review of Forecasts: Scaling and Analysis of Expert Judgments Regarding Cross-Impacts of Assumptions of Business Forecasts and Accounting Measures
    , (Sarasota, FL: American Accounting Association, 1983).

    "Scaling Multivariate performance Criteria: Subjective Composition Versus the Analytic Hierarchy Process," with C.E. Arrington and Masao Takutani (of Seiker University in Japan), Journal of Accounting and Public Policy, Vol. 1 Winter 1982, 95-125.

    "Competition in Auditing: An Assessment" in Symposium on Auditing Research IV (Urbana, IL: The Board of Trustees of the University of Illinois, 1982, 451-468).

    "Accounting Futures Analysis: An Eigenvector Model for Subjective Elicitations of Variations in Cross-Impacts Over Time," Decision Sciences, January 1982, Vol. 13, 15-37.

    "Scenario Probability Scaling: An Eigenvector Analysis of Elicited Scenario Odds Ratios," Futures, December 1981, Vol. 13, 489-98.

    "The Evaluation of Generic Cross-Impact Models: A Revised Balancing Law for the R-Space Model," Futures, June 1981, 217-220.

    "A Dynamic Programming Algorithm for Cluster Analysis," Mathematical Programming in Statistics, Edited by Arthanari and Dodge, New York, John Wiley & Sons.

    Hope this Helps,


    Bob Jensen


    Return to the Oxford Model in U.S. Universities


    "Hogwarts U.," by Robert J. O’Hara, Inside Higher Ed, November 28, 2006 ---

    What does private and wealthy Princeton University have in common with the public and less-wealthy University of Central Arkansas? What links Acadia University in the Canadian Maritimes and Vanderbilt University in the American South? What does the new International University in Bremen, Germany, share with the Universidad de las Américas, in Puebla, Mexico?

    Each of these institutions has established, is planning, or is expanding an internal system of residential colleges: permanent, cross-sectional, faculty-led societies that bring the educational advantages of a small college into the environment of a large university. This wave of college founding, taking place in public and private institutions from Kentucky to Louisiana, from Missouri to Florida, from Pennsylvania to Arkansas, and elsewhere around the world, is one of the most substantive structural reform movements in higher education today, and it promises to repair a half-century of destructive bureaucratic centralization.

    Dividing a large university into cross-sectional residential colleges is not a new idea: it is the organizational structure of Oxford, Cambridge, and Durham Universities in Great Britain, and as such is one of the oldest ideas in higher education. The collegiate organizational model is common in universities in Canada, Australia, and New Zealand, and it was adopted by the undergraduate divisions of Harvard and Yale Universities in the 1930s and by Rice University in the 1950s. But residential college systems have remained rare in American higher education until quite recently. Paradoxically, they are better understood by many American undergraduates today than by American senior faculty and administrators, since, as students often remind me, the collegiate model is “just like Harry Potter.” The fictional School of Witchcraft and Wizardry in J.K. Rowling’s popular young adult novels is divided into a system of four “houses” that parallel, in their structure, the structure of a collegiate university.

    Although many universities that are in the process of establishing residential college systems are also embarking on construction projects at the same time, the two do not have to be connected. Creating residential colleges within a larger institution is more a matter of arranging resources that already exist than it is a matter of acquiring new resources. It need not be expensive, and it doesn’t require any changes to the curriculum.

    The residential college movement today is guided not by financial concerns or questions of curricular reform, but rather by four organizational principles: decentralization, faculty leadership, social stability and genuine diversity. Each of these principles attempts to repair a portion of the damage that was wrought during the “industrialization” of higher education in the post-World War II era, and especially in the post-1960s era, two periods of widespread bureaucratic massification when student numbers exploded, central administrative offices proliferated, faculty retreated, high-rise dormitories sprouted, and alienation spread.

    Decentralization is a fundamental principle of both new and old residential college systems because all education is local. Real education — the substantive development of intellect and character — depends on sustained personal contact between students and teachers over the long term. But universities forgot this basic principle when they ballooned in size from the 1960s onward. No matter how many slogans campus public relations people may invent about being “student-centered” and “caring,” a university with high-rise dormitory towers, vast impersonal dining halls, and central advising offices that students report to for 15 minutes each term to have their schedules checked cannot possibly offer the sustained, local, personal contact that is fundamental to real education. The slogans are phony, and the students know it.

    Small, decentralized residential colleges counteract the effects of educational massification by bringing students and faculty from all academic disciplines together into rich and cohesive social communities. Because of their small size — 400 members is ideal — residential colleges ensure that all students are known one by one, and that no student is anonymous. And while these collegiate societies are usually called “residential” colleges, they need not be entirely residential, and can be established within any university regardless of the number of students who actually live on campus. The emphasis is on the word college as a small, intimate society of members, rather than on the word residential.

    Faculty leadership of residential college systems is fundamental because as universities became more centralized and bureaucratic over the past half-century, the oversight of campus life within them was largely handed off to a class of full-time residence life managers. However well-meaning these officials have been, because they are detached from the academic structure of the university, they have not been able to create meaningful educational environments for students. Even more noxiously, some universities have come to see campus dormitories as income-generating tools analogous to parking lots and vending machines. For more than a generation these deep structural flaws have cheated students out of the most important thing a university can offer them: sustained personal contact with their teachers in a rich and diverse educational environment for years at a time.

    Residential college systems return the management of campus life to the faculty, and distribute most of the functions now performed by departments of student affairs and residence life into the faculty-led residential colleges. And they treat student life and housing as academic functions of a university, not as business functions. Residential colleges, as faculty-led academic societies, are consciously crafted to provide a wide range of informal educational opportunities for their members day and night, week after week, year after year. Their object is to ensure that students’ formal learning in the classroom is integrated in every way with their external life in the world.

    Continued in article



    From Dartmouth College
    Chance News ---
    Tutorial on Statistics (focus is on learning exercises and how to view media reports critically)


    A list of some useful links related to Statistics Education from Juha Puranen, Department of Statistics, University of Helsinki --- 



    Online Tutorials for Learning About Statistics and Research
    Against All Odds: Inside Statistics ---



    Bob Jensen's links to free online mathematics and statistics tutorials are at 




    Can I Have A Word? [Helpers for Writers and Poets] ---


    Bob Jensen's writing helpers are at




    Open Sharing Tutorial on Environmental Water Science

    Water on the Web ---


    Water on the Web (WOW) helps college and high school students understand and solve real-world environmental problems using advanced technology.

    WOW is a complete package containing two sets of curricula, data from many lakes and rivers nationwide, extensive online primers, data interpretation and Geographic Information System Tools, and additional supporting materials.

    Basic Science consists of individual lessons for infusion into a wide range of exisiting science cources. Water Resource Science is a two-semester water resource management curriculum for second year technical students and undergraduates in water or environmental management disciplines.

    Bob Jensen's threads on free online science tutorials are at



    Truck Driver Test Questions & Answers

    CDL Online Practice Questions ---



    "Choosing Who Can See What on Your Blog:  Web Service Offers Features For Privacy, Adding Media; Registration Is a Turn-Off ," by Walter S. Mossberg and Katherine Boehret, The Wall Street Journal, November 22, 2006; Page D7 ---

    A big problem with blogs is privacy. While some people -- especially MySpace fans -- don't mind posting personal news, photos and videos for anyone to read, many of us hesitate to leave details about our personal lives online.

    This week, we tested a new, free blogging service called Vox,, from Six Apart Ltd., a blogging software company. One of Vox's best attributes is its ability to label each individual post, or entry, with a different privacy filter, so that instead of setting your blog to be entirely private or entirely public, you can pick and choose what you want to share.

    Vox also excels at making it easy to add photos, audio, videos and book links to your blog without any prior expertise. It lets you incorporate content from Web sites like YouTube, Amazon and photo-sharing site Flickr in only a couple of steps. Viewing of each multimedia element can also be restricted to people you choose. Vox is supported by ads that aren't intrusive or distracting.

    We each made a blog in Vox, and updated them several times. We found the process to be quick and simple, and the results to be attractive. We liked the privacy features. But while its intentions are good, Vox has a few downsides. Its idea of making each blog post visible to different groups is useful. But everyone who views your privacy-protected entries must also be registered with Vox, a quick process, but one that will discourage many potential users.

    Also puzzling are Vox's categories for labeling those who view your blog. Everyone must be labeled as friends, family or neighbors, but the filters that determine who can view your posts don't include neighbors at all.

    Vox also doesn't do a great job of implementing many features that are standard in blog services. These features include interactive elements on a page such as drag-and-drop organizing.

    We got started by signing up for Vox -- a process that involved entering our email address, creating a password and URL, and entering personal information. A Design section walked us through choosing a layout and theme from numerous choices. Katie chose the Cityscape Washington, D.C., theme, which includes the Capitol and Washington Monument. Walt chose Firefly Night, which includes the moon and stars and a silhouette of a tree.

    To prompt you to blog, the Vox homepage always offers a Question of the Day, or QOTD. With one click, you can optionally answer the QOTD in your own blog. When you post your answer, or enter any post, a drop-down menu lets you choose who can view it: The World (Public), Your Friends and Family, Your Friends, Your Family or Just You. If, for example, you choose to allow only your friends to see a post, other groups won't know that they're not seeing the friends-only post.

    If you see another person's Vox blog and would like to bookmark it so that his or her latest entries are constantly updated on a special page just for you, you can add that blogger to your neighborhood. Friends and family are automatically part of your neighborhood, but when choosing who can see your content, neighborhood isn't an option. Vox plans to make the neighborhood concept more understandable in an updated version due out by December.

    Continued in article


    Bob Jensen's threads on Weblogs and blogs are at



    "Thinking Machines:  Danny Hillis talks about the real-world challenges of creating artificially intelligent machines," by  Jason Pontin, MIT's Technology Review, November 14, 2006 ---


    In 1982, when he was still a student at MIT, Danny Hillis cofounded Thinking Machines, one of the most famous failures in the history of computing. A hive of wayward and brilliant researchers, Thinking Machines tried to build the world's first artificial intelligence. But if the company did not succeed in "building a machine that will be proud of us" (its corporate motto), its Connection Machine demonstrated the practicality of parallel processing, the foundation of modern supercomputing. Today, Danny Hillis is cochair of Applied Minds, a design and invention company, and he is building the Clock of the Long Now, a mechanical timepiece meant to last 10,000 years.

    TR: Why is creating an artificial intelligence so difficult?

    Hillis: We look to our own minds and watch our patterns of conscious thought, reasoning, planning, and making analogies, and we think, "That's thinking." Actually, it's just the tip of a very deep iceberg. When early AI researchers began, they assumed that hard problems were things like playing chess and passing calculus exams. That stuff turned out to be easy. But the types of thinking that seemed effortless, like recognizing a face or noticing what is important in a story, turned out to be very, very hard.

    TR: Why did Thinking Machines fail to create a thinking machine?

    Hillis: Well, the glib answer is that we just didn't have enough time. But enough time would have been decades, maybe lifetimes. It is a hard problem, probably many hard problems, and we don't really know how to solve them. We still have no real scientific answer to "What is a mind?"

    TR: The Connection Machine was an effective platform for supercomputing. Why didn't Thinking Machines prosper as a supercomputing company?

    Hillis: Supercomputing turned out to be a technology, not a business. My friend Nathan Myhrvold, who was running Microsoft Research at the time, once told me, "It is at least as hard to make software for a supercomputer as for a PC, but you only have a few thousand customers, and we have billions. Not only that, but each of those customers actually expects you to give them exactly what they need."

    TR: What were the successful commercial applications of the research at Thinking Machines?

    Hillis: The commercial applications were mostly chip design, data mining, text search, cryptology, computational chemistry, computer graphics, financial optimization, seismic processing, and fluid flow modeling. Scientific applications like astronomy, climate modeling, or quantum chromodynamics were exciting when they helped get a result on the cover of Nature, but we never made money on them.

    TR: What happened to the patents from Thinking Machines? More than anyone else, you are responsible for massive parallel processing. You get credit, but no payment. Who gets it, and why?

    Hillis: Well, first of all, I should be clear that I am just one of many people who contributed to developing massively parallel computing. As for the patents, one of the consequences of Thinking Machines' failure is that I lost any rights to the technologies. In retrospect, that turned out to be a blessing, because it saved me from spending the next decade of my life in court.

    Continued in article


    ProQuest Digital Dissertations --- 


    Bob Jensen's search helpers are at



    Bad FEI Audio With Good Intentions


    FEI had good intentions when putting out audio clips of a series of interviews with some of the leaders of the financial reporting community. I thank Denny Beresford for sending me the link and a warning that the audio was bad --- CFRI/testing.html


    I found the audio to be so broken up that I could hear these interviews. Perhaps the fact that the file is named "testing" means that better recordings will be posted later.


    I was glad to see Phil is still with the FEI. I once had lunch with him and was impressed that a 6-foot-ten Super Bowl lineman (Oakland) could be so articulate and knowledgeable.



    From the University of Illinois Issues in Scholarly Communications Blog on November 21, 2006 ---


    Top 100 Global Universities

    An August 2006 article in the international edition of Newsweek evaluated universities from around the world on their "globalness", providing a ranked list of the top 100. We're pleased to see that one of their criteria was the size of the library.

    We evaluated schools on some of the measures used in well-known rankings published by Shanghai Jiaotong University and the Times of London Higher Education Survey. Fifty percent of the score came from equal parts of three measures used by Shanghai Jiatong: the number of highly-cited researchers in various academic fields, the number of articles published in Nature and Science, and the number of articles listed in the ISI Social Sciences and Arts & Humanities indices. Another 40 percent of the score came from equal parts of four measures used by the Times: the percentage of international faculty, the percentage of international students, citations per faculty member (using ISI data), and the ratio of faculty to students. The final 10 percent came from library holdings (number of volumes).

    The top 10 were:

    1. Harvard University
    2. Stanford University
    3. Yale University
    4. California Institute of Technology
    5. University of California at Berkeley
    6. University of Cambridge
    7. Massachusetts Institute Technology
    8. Oxford University
    9. University of California at San Francisco
    10. Columbia University

    The University of Illinois at Urbana-Champaign came in 48th, behind other big ten universities such as Michigan (11), U Chicago (20), Wisconsin (28), Minnesota (30), Northwestern (35), and Penn State (40). Others from the Big 10 that made the list of 100 included Michigan State (62), and Purdue (86).

    Read the entire list of the 100 top global universities at MSNBC as well as a related story.

    Note: You may also be interested in reading the Times of London's analysis of the "Top 100 Universities", worldwide. By their accounting, the University of Illinois ranked 58 in 2005 and 78 in 2006. According to this listing, the top universities are:

    1. Harvard
    2. Cambridge
    3. Oxford
    4. MIT
    4. Yale
    6. Stanford
    7. California Institute of Technology
    8. UC Berkeley
    9. Imperial College, London
    10. Princeton
    11. University of Chicago

    Controversial issues in rankings of universities are discussed at


    Are there any respected online doctoral programs in accountancy?


    November 16, 2006 message from David Raggay [draggay@TSTT.NET.TT]


    Please forgive me bringing up this topic again. I know that things are rapidly changing and I also ask the question from a broader perspective than the initial query..

    Are any of the current online doctorate programs in business/accounting and/or finance highly recommended? If so which ones?

    Alternatively, are there any highly recommended part-time programs in the areas mentioned above? If so which ones?



    November 16, 2006 reply from Richard Campbell [campbell@RIO.EDU]

    Let me relate my experience in investigating an online Ph.D. program in accounting -  (Florida) - part of Argosy University. They have revised their web site, and the information that I talk about may not now be currently referenced on their web site. The web site referred to the lead accounting professor as being a Ph.D. graduate of the University of Buffalo. I checked the U of Buffalo web site and his name was not included on the list of Ph.D graduates on a list that went back to 1970. There was no link to a vita of that professor. There WAS a mention, however, that the professor was an excellent woodworker. Incidentally, I feel strongly that all students have the ability to see the vita of their professors. I have mine on my own web page. I urge my local colleagues to do the same.

    I called the North Central accrediting agency and asked if U of Sarasota was accredited - and I was told they were - as part of the Illinois Argosy connection. I then called the Admissions counselor at Sarasota U and asked a few questions. I got the "hard sell" and was told that my studies would be a pleasant journey, although a costly ($30K) one. I would be able to arrange the quarterly Florida visits around trips to Disney World, Cape Canaveral and other hot spots. I then asked the counselor some questions that she could not readily answer. 1. Could you verify that Accounting Professor X is a Ph.D. graduate of the University of Buffalo, and could you provide me a vita for him? 2. Could I have a list of ALL your FULL TIME faculty with their degrees and vitae? 3. Could you provide me with a list of graduates and their current professional affiliations? 4. Can you give me more information about the accreditation process of your Ph.D program?

    My questions must have been unanswerable - I never received a response in return.

    Some additional observations - some accrediting agencies are simply NOT doing their jobs in discriminating diploma mills from legitimate institutions. And some legitimate institutions are cheapening their reputations by lending their good names to dubious ventures who just build a graphically pleasing web site.

    So in summary, I don't know if there are legitimate online business doctoral programs out there.

    Richard J. Campbell
    School of Business
    218 N. College Ave.
    University of Rio Grande Rio Grande, OH 45674


    November 17, 2006 reply from Bob Jensen

    Hi David,

    I spend a lot of time tracking distance education and training programs. I know of NO (NONE, NILL) respected alternatives for an online doctoral degree in accounting. There are a few respected doctoral programs in selected disciplines like education, pharmacy, and law (a JD is a doctoral degree) --- 

    Since I've made presentations for you in Trinidad, I'm well aware that you reside outside the U.S. But for U.S. residents, the best alternative is probably to earn a distance education masters degree in accounting or tax and then a JD degree in a respected online law school program or an EED from a respected College of Education. Remember that above all else the recognizable name of the university on the diploma means more than anything else on the diploma (including the discipline of study).

    There are many online masters programs in accountancy since so many highly respected state universities have added online programs to their onsite masters degree programs --- 

    There are some gray zone doctoral programs like Nova's programs, but I don't yet have high regards for Nova. The Nova formula is to hire doctoral faculty who moonlight for Nova, but nobody has ever convinced me that a Nova doctoral degree is respected for a tenure track position in a respected university even though there may be some respected baccalaureate Nova alternatives ---

    It may be possible to negotiate with some respected doctoral programs for an increased balance of online courses combined with onsite requirements. But I doubt that the there is a very serious proportion of accounting doctoral courses that can be taken online.

    Remember that doctoral programs generally have negligible requirements for accounting and tax courses and don't require many, or any, of those courses from their masters degree programs. Doctoral studies courses are in mathematics, statistics, econometrics, psychometrics, and economic theory. Doctoral program advisors are very particular about content in those courses and very few online courses suffice for these accountics, yes I spelled that accountics, foundation courses --- 

    I must admit that I've not investigated all foreign alternatives for distance education doctoral degrees. For example, there might be one or two popping up among the vast number of distance education alternatives in the United Kingdom --- 
    But I've not yet encountered a respected doctoral degree program.

    The classic U.K. doctorate entails little course work and heavy private tutoring such that U.K. doctorates are more conducive to modern online technology. But respected U.K. universities probably still turn up their noses at online doctoral degrees. They're still pretty stuffy in the U.K. and in former nations of the British Empire.

    Beware of any program for any degree that grants credit for life experience. All God's children have life experience --- 

    Bob Jensen

    November 17, 2006 reply from J. S. Gangolly [gangolly@CSC.ALBANY.EDU]


  • I too agree with most caveats expressed.

    However, I beg to differ with respect to requiring a PhD in accounting.

    In my opinion, the ideal candidate would have a liberal education background followed by a CPA (with audit experience) followed by a PhD in any related field (Economics, Criminal Justice, CSI, ...), and finally motivation to do research in accounting related areas.

    There are very few that fit the bill, but that I think is the ideal background for an academic.

    Having gone through the doctoral hamster mills in both Operations Research and Accounting (didn't complete PhD in OR due to the demise of my intended supervisor), accounting doctoral education, in my opinion leaves much to be desired, relative to that in other fields. This is as it should be, for accounting is a profession; it is debatable if it is an academic discipline (though, of course it can be).

    As usual, I am being provocative.

    Respectfully submitted,


    November 17, 2006 reply from Tom Lechner [acttal@BUSINESS.UTAH.EDU]


    While I agree with almost everything that was said, I would add two precautions. First, I am not at all sure that a Ph.D. in another field would be an acceptable substitute for a Ph.D. in accounting. When I chaired a search committee at a teaching oriented school, we would not consider a Ph.D. in another field. As far as I can recall, the applicant was an MBA/CPA. The applicant lived several thousand miles from the nearest AACSB school that offered a Ph.D., so that applicant had gotten a Ph.D. in education. While we understood the applicant's situation, we did not consider him.

    Second, I believe that the LLM in law is more equivalent to a Ph.D. than a JD. While an MBA + JD would be acceptable for teaching tax at many schools, it might not provide terminal qualification for a position in another area of accounting.

    I suggest that you contact some schools that have current openings that you would be interested in. Ask them how they would view various combinations of credentials.


    Dr. Thomas A. Lechner, CPA
    Assistant Professor (Lecturer)
    David Eccles School of Business School of Accounting and Information Systems
    University of Utah

    November 18, 2006 reply from Bob Jensen


    Hi Tom,

    I agree with what you say. I should have pointed out that in the College of Education there are often two doctoral programs, the EED vs. the PhD. in Education. The EED is more for school administrators and the PhD is more of a traditional teaching and research degree.

    Although many business programs do not consider either College of Education degree as a terminal qualification, it will enhance other qualifications if it was granted from a highly respected university. Particularly the PhD in Education should enhance both teaching and research skills. It is not very common to encounter such College of Education doctoral degrees in AACSB schools, although JD and LLM degrees are quite common, especially among tax faculty. However, attorneys who also have CPA licenses commonly teach in areas other than tax.

    Bob Jensen

    November 17, 2006 reply from Bernadine Raiskums [berna@GCI.NET]


    Hi David,

    I am CPA, CIA, MEd. and currently currently pursuing online PhD in Education from Capella and really would recommend the school for quality of program as well as administration. Capella does have a couple of PhD in business, and an MBA in accounting, but might be worth checking it out.

    Bernadine Raiskums in Anchorage


    November 19, 2009 reply from Bob Jensen


    Hi Bernadine,

    We've both written previously and favorably about Capella's distance education programs. I think Capella sets one of the best examples of a for-profit corporation that's a good role model for similar online corporations.

    I would like to point out that Capella does not yet have online doctoral programs in traditional business education disciplines of accounting, finance, and marketing. It's online organization management doctoral programs to date are linked at 


    Capella has even wider arrays of doctoral programs in education and psychology --- 

    We are always grateful to hear from students enrolled in distance education graduate programs.

    Thank you,

    Bob Jensen

    Capella Education’s initial public offering on Friday sent its stock up by about 25 percent, The Pioneer Press reported.
    Inside Higher Ed, November 13, 2006


    New Thoughts About Herman Melville's Sexual Orientation and Multiculturalism
    Herman Melville: great American novelist or great American hipster? Well, it isn’t an either/or kind of situation. Rereading Moby Dick for the first time in ages (now minus the English major’s mental tic of obsessing over how each little part fit into a vast symbolic architecture), I recently underwent the astonishing revelation that Melville (1) definitely has a sense of humor, (2) pretty much invented the postmodern “maximalist” novel of the sort we now associate with Thomas Pynchon, and (3) is so overtly gay and so stridently multiculturalist that Fox News should probably look into how he ever got into the canon.
    Scott McLemee, "Where’s Herman?" Inside Higher Ed, November 22, 2006 ---



    November 21, 2006 message from Dennis Beresford [dberesfo@TERRY.UGA.EDU]

    Here is a link to an interesting speech by Secretary of the Treasury Paulson on competitiveness of capital markets, with particular emphasis on accounting and auditing related matters.

    Denny Beresford


    From on November 25, 2006 ---


    Most football clubs in England and Scotland will make a loss over the next 12 months, according to their finance directors, despite frantic efforts to rein in spending ahead of the start of the season next month
    "How football (Soccer Football that is) got its finances wrong," AccountancyAge, November 2006 ---



    From CPANet on November 20, 2006

    AICPA Financial Literacy Initiative
    360 Degrees of Financial Literacy -
    Financial Literacy Resource Center -
    Feed the Pig -
    MySpace: Benjamin Bankes -
    CPAs Asked to Mobilize the Pig -
    State-Level Involvement -
    Financial Literacy Topics -
    Ask the Money Doctor -

    Blog Your Business
    The Unseen Blogosphere: Internal Blogs -
    BlogWrite for CEOs -
    Getting the Word Out -
    A Crash Course in Corp Blogging -
    16 Ways to Drive Traffic to Your Business Blog -
    Blogs for Marketing Purposes? -
    Romancing the Bloggers -



    Ethanol Use Has No Effect On Carbon Dioxide Levels
    Oil releases carbon that has been deep within the earth for millions of years. Ethanol comes from corn, which procured its carbon from the atmosphere. In other words, ethanol is not introducing any carbon into the atmospheric system that was not there to begin with. Therefore ethanol, unlike oil, can have no net effect on atmospheric carbon dioxide levels. I am no ardent supporter of Big Ethanol. There are plenty of environmental problems associated with cultivating millions of more acres of corn. To say nothing of the massive systems required for fermentation and purification of billions of gallons of fuel. However, it is a step in the right direction and further scientific breakthroughs that could rectify some of these problems might be just over the horizon. Aside from this, doesn't it seem only prudent to diversify our national energy portfolio when facing such loose cannons as Iran and Saudi Arabia?
    James Wagandt, "Ethanol Use Has No Effect On Carbon Dioxide Levels," The Wall Street Journal,  November 25, 2006; Page A9 ---




    Doomsday Hurricane Forecasters Blown Away
    It was not the hurricane season we expected, thank you. With cataclysmic predictions that hurricanes would swarm from the tropics like termites, no one thought 2006 would be the most tranquil season in a decade. Barring a last-second surprise from the tropics, the season will end Thursday with nine named storms, and only five of those hurricanes. This year is the first season since 1997 that only one storm nudged its way into the Gulf of Mexico.

    Neil Johnson, "Hurricane Predictions Off Track As Tranquil Season Wafts Away," The Tampa Tribune, November 27, 2006 ---


    Updates from WebMD ---

    Latest Headlines on November 24, 2006

  • Latest Headlines on November 28, 2006

    Latest Headlines on November 29, 2006


    The Glimmering Promise of Gene Therapy
    Its history is marred by failures, false hopes, and even death, but for a number of the most horrendous human diseases, gene therapy still holds the promise of a cure. Now, for the first time, there is reason to believe that it is actually working.
    Horace Freeland, "Part 1:  The Glimmering Promise of Gene Therapy," MIT's Technology Review, November 14, 2006 ---

    Doctors put bite on snake venom for stroke treatment

    Ancrod, an anti-clotting drug derived from the venom of Malaysian pit vipers, is only effective in treating stroke victims if given within three hours, according to a study that appears in Saturday's Lancet. European doctors assessed ancrod, when administered within six hours of a stroke, against a harmless lookalike compound, called a placebo, among 1,220 patients in Europe, Australia and Israel. No significant benefit was found when the drug was administered beyond three hours, according to the paper.
    "Doctors put bite on snake venom for stroke treatment," PhysOrg, November 24, 2006 ---


    Playing Catch-Up After Lost Time In Alzheimer's Labs
    Orthodoxy also stifles research on other culprits. "Where the field made its mistake was in trying to make everything fit one common [amyloid] pathway," says Robert Mahley, president of the J. David Gladstone Institutes, San Francisco. "We've got to realize there are multiple ways you can wind up with [Alzheimer's]."
    Sharon Begley, "Playing Catch-Up After Lost Time In Alzheimer's Labs," The Wall Street Journal, November 24, 2006; Page B1 ---




    Scientists to freeze women's ovaries
    U.S. researchers are launching an experimental program for young female cancer patients in which an ovary is removed and frozen for possible future use. The Center for Reproductive Research at Northwestern University said the program is designed for young women who might be at risk of losing their ovarian function and fertility following treatment for cancer. Teresa Woodruff, associate director of the university's Lurie Comprehensive Cancer Center in Chicago says the long-term goal is to be able to extract and mature eggs from cryopreserved ovarian tissues to initiate pregnancies once cancer treatment has been completed.
    "Scientists to freeze women's ovaries," PhysOrg, November 28, 2006 ---


    One-off treatment to stop back pain -- Using patients' own stem cells
    A University of Manchester researcher has developed a treatment for lower back pain using the patient’s own stem cells, which could replace the use of strong painkillers or surgery that can cause debilitation, neither of which addresses the underlying cause.Dr Stephen Richardson, of the University’s Division of Regenerative Medicine in the School of Medicine (FMHS), has developed the treatment; and in collaboration with German biotechnology company Arthrokinetics and internationally-renowned spinal surgeons Spinal Foundation are hoping to enter pre-clinical trials next year. It is expected to rapidly yield a marketable product which will revolutionise treatment of long-term low back pain.
    "One-off treatment to stop back pain -- Using patients' own stem cells," PhysOrg, November 30, 2006 ---



    Consumers Not Warned of Mercury in Fish

    Not a single West Virginia grocery store is warning consumers of the possible dangers of mercury in fish, an environmental group says, even though the state and federal governments have been issuing advisories to anglers for at least two years. Oceana, a Washington, D.C.-based activist group, issued a report this week that concludes fewer than 20 percent of the nation's grocery stores are posting in-store warnings about mercury. West Virginia is one of four states with zero in-store warnings, the report says. The others are Mississippi, Alabama and North Dakota.
    "Consumers Not Warned of Mercury in Fish," PhysOrg, November 23, 2006 ---



    When it comes to child porn, it pays to have friends in high places


    "Court shocker: 10 months for kiddie porn producer:  Democrat activist faced 81 years in jail on charges involving kids as young as 6," WorldNetDaily, November 25, 2006 --- 


    Authorities say Andrew Douglas Reed, 53, who reported for an abbreviated jail term just a few weeks ago, had pleaded guilty to a page-long list of counts of 2nd-degree sexual exploitation of a minor.

    Court records in the Asheville, N.C., case said he admitted that he would "record, develop and duplicate material containing a visual representation of a minor engaging in sexual activity." That activity is defined by state law as including masturbation, intercourse and "touching – in apparent sexual stimulation or sexual abuse – of the genitals, pubic area or buttocks."

    However, instead of the 967 months in jail – nearly 81 years – for which he was liable, Judge Robert Lewis, another Democrat, gave him, in a plea bargain with the office of District Attorney Ron Moore, who was elected as a Democrat, a 10-12 month sentence.


    Continued in article



    November 21, 2006 message from Naomi Ragen []

    If you want to cheer yourself up in a profound way, go to the following website:

    This is not a hoax, but an actual website, filled with many letters from Arabs and Muslims who reject anti-Semitism and who truly love Israel. It is such an amazing thing to read these letters. For the first time in a long time I realized that real peace could be possible if only our enemy were not brainwashed with lies and causeless hatred, had an elementary education, and had ever met real Jews/Israelis.

    Below, a remarkable letter posted on the website.



    "Friedman's Sampler," by Emily Parker and Joseph Rago, The Wall Street Journal, November 18, 2006 ---

    On Freedom

    It is important to emphasize that economic arrangements play a dual role in the promotion of a free society. On the one hand, "freedom" in economic arrangements itself a component of freedom broadly understood, so "economic freedom" is an end in itself to a believer in freedom.

    In the second place, economic freedom is also an indispensable means toward the achievement of political freedom. . . .

    A citizen of the United States who under the laws of various states is not free to follow the occupation of his own choosing, unless he can get a license for it, is likewise being deprived of an essential part of his freedom. So economic freedom, in and of itself, is an extremely important part of total freedom.

    The reason it is important to emphasize this point is because intellectuals in particular have a strong bias against regarding this aspect of freedom as important. They tend to express contempt for what they regard as material aspects of life and to regard their own pursuit of allegedly higher values as on a different plane of significance and as deserving special attention. But for the ordinary citizen of the country, for the great masses of the people, the direct importance of economic freedom is in many cases of at least comparable importance to the indirect importance of economic freedom as a means of political freedom.

    Viewed as a means to the end of political freedom, economic arrangements are essential because of the effect which they have on the concentration of power. A major thesis of the new liberal is that the kind of economic organization that provides economic freedom directly, namely, organization of economic activities through a largely free market and private enterprises, in short, through competitive capitalism, is also a necessary though not a sufficient condition for political freedom.

    The central reason why this is true is because such a form of economic organization separates economic power from political power and in this way enables the one to be an offset to the other. I cannot think of a single example at any time or any place where there was a large measure of political freedom without there also being something comparable to a private enterprise market form of economic organization for the bulk of economic activity.

    --from "Capitalism and Freedom: Why and How the Two Ideas Are Mutually Dependent," May 17, 1961



    On the Free Market

    What most people really object to when they object to a free market is that it is so hard for them to shape it to their own will. The market gives people what the people want instead of what other people think they ought to want. At the bottom of many criticisms of the market economy is really lack of belief in freedom itself.

    The essence of political freedom is the absence of coercion of one man by his fellow men. The fundamental danger to political freedom is the concentration of power. The existence of a large measure of power in the hands of a relatively few individuals enables them to use it to coerce their fellow men. Preservation of freedom requires either the elimination of power where that is possible, or its dispersal where it cannot be eliminated.

    It essentially requires a system of checks and balances, like that explicitly incorporated in our Constitution. . . .

    The person who buys bread doesn't know whether the wheat from which it was made was grown by a pleader of the Fifth Amendment or a McCarthyite, by person whose skin is black or whose skin is white. The market is an impersonal mechanism that separates economic activities of individual from their personal characteristics. It enables people to cooperate in the economic realm regardless of any differences of opinion or views or attitudes they may have in other areas.

    --from "The New Liberal's Creed: Individual Freedom, Preserving Dissent Are Ultimate Goals," May 18, 1961



    On Free Trade

    What we ought to do is practice what we preach. We have been going around preaching the virtues of free enterprise, of free competition in a free market. What have we been doing? We've been practicing the opposite, not only through our foreign aid program, but also at home. We tell other countries, use the market: we tell our farmers, look to Washington. We tell other countries, don't try to be self-sustained; try to develop valuable industries that can compete on the international market, and then what do we do? We impose import quotas on oil, we impose tariffs on goods that come in, we dump agricultural products abroad, and impose quota on their import at home. The rest of the world listens to what we say and they think, "now there is a fine bunch of hypocrites," and they are right.

    --from "An Alternative to Aid: An Economist Urges U.S. to Free Trade, End Grants of Money," April 30, 1962



    On Inflation

    If the Fed does not explain to the public the nature of our problem and the costs involved in ending inflation, if it does not take the lead in imposing the temporarily unpopular measure required, who will?

    --From "Why Curbing Inflation Is the Fed's Job, March 6, 1974



    On Taxes

    To summarize, deficits are bad--but not because they necessarily raise interest rates. They are bad because they encourage political irresponsibility. They enable our representatives in Washington to buy votes at our expense without having to vote explicitly for taxes to finance the largesse. The result is a bigger government and a poorer nation. That is why I favor a constitutional amendment requiring Congress to balance the budget and limit taxation.

    --from "The Taxes Called Deficits," April 24, 1984



    On the Economy

    The Wall Street Journal has been a firm and dedicated supporter of free markets at home and free trade abroad. It has repeatedly stressed its view that the invisible hand of Adam Smith is a far more effective and equitable means of organizing economic activity than the visible hand of government. Yet when it comes to foreign economic policy, a recent editorial, "Beyond Venice" (June 8), relies upon a wholly different and thoroughly incompatible set of ideas.

    According to that editorial, "The economic summits of leading free-market nations are a sound recognition that the world economy defies sovereign borders, and can be run only through international cooperation."

    Would the Journal describe the American economy as being "run," whether through international cooperation or by the powers that be in Washington or through cooperation among the individual states? Or would it rather, in accordance with its general philosophy, describe it as a system that is coordinated by the voluntary activities of millions of individuals, a system that runs but is not run?

    --from "Please Reread Your Adam Smith," June 24, 1987



    On Social Security

    I have long been a critic of Social Security, basically because I believe that it is not the business of government to tell people what fraction of their incomes they should devote to providing for their own or someone else's old age. On a more pragmatic level, Social Security is another example of the generalization that government programs typically have effects that are the opposite of those intended by their well-meaning sponsors (what Rep. Richard Armey calls the "invisible foot of government").

    The well-meaning sponsors intended Social Security to ensure a minimum income to the poor in their old age. It has largely done that, but at the cost of what they would have regarded as a perverse redistribution of income from the young to the old, from black to white, from the relatively poor to the relatively well-to-do.

    From its inception, Social Security has been an unholy combination of two items: a flat-rate tax on earnings up to a maximum with no exemption and a benefit program that awards subsidies that have essentially no relation to need but are based on such criteria as marital status, longevity and recent earnings. As I wrote many years ago, "hardly anyone approves of either part separately. Yet the two combined have become a sacred cow. What a triumph of imaginative packaging and Madison Avenue advertising!"

    --from "Social Security: The General And the Personal," March 15, 1988



    On the Future

    Let us put aside the scarecrows of the twin deficits and face up to the real problems that threaten U.S. growth and prosperity: excessive and wasteful government spending and taxing, including in particular the real time bomb in Social Security, Medicare and Medicaid programs; concealed taxes in the form of mandated expenditures on private business; excessive and misguided regulation of individuals as well as businesses; the changes in tort legislation that are discouraging innovation; and not least, the recent increase in protectionism and the threat of a further major increase. We should and can do something about these problems, not allow ourselves to be diverted by politically convenient scarecrows.

    --from "Why the Twin Deficits are a Blessing," Dec. 14, 1988



    On Health Care Prices

    Toward the end of World War II, I served as an instructor in a quality-control course for Navy procurement officers. It was held in Hershey, Pa. As I recall, we stayed at the Hershey Hotel, on the corner of Cocoa Avenue and Chocolate Boulevard, across the street from the Hershey Junior College, where the actual instruction took place, a block or so from the Hershey Department Store, and so on. You get the idea. The stench--or perfume--of paternalism was heavy in the air.

    Early in the century such company towns, most far less benevolently paternalistic than Hershey, were common. Workers who were employed at mines or factories located far from large cities, in towns that typically had only a single major employer, were often required, or induced, to live in company housing and buy their food and other supplies at company stores. In effect, they were paid in kind rather than in cash--the so-called truck system. . . .

    The company town has been revived in one major area: medical care. It is taken for granted that workers should receive their pay partly in kind, in the form of medical care provided by the employer. How come? Why single out medical care? Surely food is no less essential to life than medical care. Why is it not at least as logical for workers to be required to buy their food at the company store as to be required to buy their medical care at the company store?

    --from "Pricing Health Care: The Folly of Buying Health Care at the Company Store," Feb. 13, 1993



    On Jobs

    Proposed economic policies tend to be judged in terms of jobs "created." That is the wrong criterion. The economic problem is not creating jobs. That is easy: Hire people at minimum wages (or lower) to dig holes and fill them. True, raising taxes to finance that project would destroy jobs, but the jobs destroyed would be high-wage jobs, the jobs created low-wage jobs, so for each job destroyed more than one job would be created--a net gain of jobs.

    The real problem is to establish an economic environment in which there is a demand for workers at wages that those workers not only regard as satisfactory, but are qualified to earn: Better qualified workers and better wages--not simply more jobs--is the real problem.

    --from "Better Workers, Better Wages: The Real Issue," June 1, 1993



    On the Federal Reserve

    My favorite "moderate" proposal for the Fed (my "extreme" proposal is to abolish it) is that (1) at the beginning of each quarter, have it estimate how much it will have to add net to its holdings during that quarter to achieve its target monetary growth; (2) divide that number by 12; and (3) announce that every Monday morning at 11 a.m. it will buy that amount of securities from the lowest bidder, and then close up shop until the next Monday, except for replacing maturing securities.

    What harm would that do? It would mean day-to-day and week-to-week fluctuation in the federal-funds rate. However, the sophisticated financial markets have surely demonstrated their capacity to handle wide daily fluctuations in all kinds of securities prices. Dealing with the fluctuations in the federal-funds rate would be child's play.

    --from "End the Fed's Fine-Tuning," Sept. 15, 1993



    On the Flat Tax

    The only way we are ever likely to get it is if there is a drive for a constitutional convention to repeal the 16th Amendment (which gives Congress the power to tax income) and replace it with one mandating a flat-rate tax.

    However, I regret that that is not an immediate prospect.

    --from "Why a Flat Tax Is Not Politically Feasible," March 30, 1995



    On Government Spending

    The typical rhetoric, Republican as well as Democratic, about the current battle to balance the budget is that cutting government spending imposes short-term pain more than compensated by long-term gain. That is utter nonsense. Cutting government spending and government intrusion in the economy will almost surely involve immediate gain for the many, short-term pain for the few, and long-term gain for all.

    --from "Budget Cutting: A Lot of Gain, Little Pain," June 15, 1995



    On Hong Kong

    By some accident of officialdom, the colonial office assigned John Cowperthwaite, a Scotsman and a disciple of Adam Smith, to serve as financial secretary of Hong Kong. Cowperthwaite's free market policies are widely credited with producing the subsequent economic miracle that led to a phenomenal rise in the average level of living despite a nearly 10-fold rise in population.

    It is hard to conceive of a more severe test of free market policies. Hong Kong is an island devoid of any significant natural resources other than a great harbor. When the Communists took over China, refugees came streaming over the borders with only the possessions they could carry. They and their successors produced a rapid rise in population. Hong Kong received negligible if any foreign aid to assist the assimilation of the refugees.

    Under these adverse circumstances, the salvation of Hong Kong has been its complete free trade and free market policy. No tariffs on imports, no subsidies or other privileges to exports. (The only restrictions are those that Hong Kong has been forced to impose by pressure from other countries, including the U.S., as under the multifiber agreement.) There is no fixing of prices or wages; few if any restrictions on entry into business or trade; and government spending and taxes have been kept low. The top tax rate on personal income is 25%, with a maximum average rate of 15%. . . .

    What a contrast to the experience of most of the colonies to which Britain gave their freedom after the war. And what a striking demonstration of how much better free trade and free markets are for the ordinary citizen than the protectionism of Mr. Buchanan and the "fair trade" of President Clinton. "Fair" is in the eye of the beholder; free is the verdict of the market. (The word "free" is used three times in the Declaration of Independence and once in the First Amendment to the Constitution, along with "freedom." The word "fair" is not used in either of our founding documents.)

    --From "Hong Kong vs. Buchanan," March 7, 1996



    On Health Care

    The best way to restore freedom of choice to both patient and physician and to control costs would be to eliminate the tax exemption of employer-provided medical care. However, that is clearly not feasible politically. The best alternative available is to extend the tax exemption to all expenditures on medical care, whether made by the patient directly or by employers, to establish a level playing field, in terms of the currently popular cliche.

    Many individuals would then find it attractive to negotiate with their employer for a higher cash wage in place of employer-financed medical care. With part or all of the higher cash wage, they could purchase an insurance policy with a very high deductible, i.e., a policy for medical catastrophes, which would be decidedly cheaper than the low-deductible policy their employer had been providing to them, and deposit all or part of the difference in a special "medical savings account" that could be drawn on only for medical purposes. Any amounts unused in a particular year could be allowed to accumulate without being subject to tax, or could be withdrawn with a tax penalty or for special purposes, as with current Individual Retirement Accounts--in effect, a medical IRA. Many employers would find it attractive to offer such an arrangement to their employees as an option.

    --from "A Way Out of Soviet-Style Health Care," April 17, 1996



    On 'Reform'

    The present crisis is not the result of market failure. Rather, it is the result of governments intervening in or seeking to supersede the market, both internally via loans, subsidies, or taxes and other handicaps, and externally via the IMF, the World Bank and other international agencies. We do not need more powerful government agencies spending still more of the taxpayers' money, with limited or nonexistent accountability. That would simply be throwing good money after bad. We need government, both within the nations and internationally, to get out of the way and let the market work. The more that people spend or lend their own money, and the less they spend or lend taxpayer money, the better.

    --from "Markets to the Rescue," Oct. 13, 1998



    On Ronald Reagan

    To Mr. Reagan, of course, holding down government spending was a means to an end, not an end in itself. That end was freedom, human freedom, the right of every individual to pursue his own objectives and values so long as he does not interfere with the corresponding right of others. That was his end in every phase of his remarkable career.

    We still have a long way to go to achieve the optimum degree of freedom. But few people in human history have contributed more to the achievement of human freedom than Ronald Wilson Reagan.

    --from "Freedom's Friend," June 11, 2004



    On Communism

    In the almost six decades since the end of World War II, intellectual opinion in the United States about the desirable role of government has undergone a major shift. At the end of the war, opinion was predominantly collectivist. Socialism--defined as government ownership and operation of the means of production--was seen as both feasible and desirable. Those few of us who favored free markets and limited government were a beleaguered minority.

    In subsequent decades opinion moved away from collectivism and toward a belief in free markets and limited government. By 1980 opinion had moved enough to enable Ronald Reagan to win the presidency on a quasi-libertarian agenda.

    The collapse of the Soviet Union in 1989 delivered the final blow to the belief in socialism. Hardly anyone today, from the far left to the far right, regards socialism in the traditional sense of government ownership and operation of the means of production as either feasible or desirable. Those who profess socialism today mean by it a welfare state.

    --from "The Battle's Half Won," Dec. 9, 2004



    On School Choice

    One result has been experimentation with such alternatives as vouchers, tax credits, and charter schools. Government voucher programs are in effect in a few places (Wisconsin, Ohio, Florida, the District of Columbia); private voucher programs are widespread; tax credits for educational expenses have been adopted in at least three states and tax credit vouchers (tax credits for gifts to scholarship-granting organizations) in three states. In addition, a major legal obstacle to the adoption of vouchers was removed when the Supreme Court affirmed the legality of the Cleveland voucher in 2002. However, all of these programs are limited; taken together they cover only a small fraction of all children in the country.

    Throughout this long period, we have been repeatedly frustrated by the gulf between the clear and present need, the burning desire of parents to have more control over the schooling of their children, on the one hand, and the adamant and effective opposition of trade union leaders and educational administrators to any change that would in any way reduce their control of the educational system.

    --from "Free to Choose," June 9, 2005


    Forwarded by Erika's sister Nancy

    The embers glowed softly, and in their dim light,
    I gazed round the room and I cherished the sight.
    My wife was asleep, her head on my chest,
    My daughter beside me, angelic in rest.

    Outside the snow fell, a blanket of white,
    Transforming the yard to a winter delight.
    The sparkling lights in the tree I believe,
    Completed the magic that was Christmas Eve.

    My eyelids were heavy, my breathing was deep,
    Secure and surrounded by love I would sleep.
    In perfect contentment, or so it would seem,
    So I slumbered, perhaps I started to dream.

    The sound wasn't loud, and it wasn't too near,
    But I opened my eyes when it tickled my ear.
    Perhaps just a cough, I didn't quite know,
    Then the sure sound of footsteps outside in the snow.

    My soul gave a tremble, I struggled to hear,
    And I crept to the door just to see who was near.
    Standing out in the cold and the dark of the night,
    A lone figure stood, his face weary and tight.

    A soldier, I puzzled, some twenty years old,
    Perhaps a Marine, huddled here in the cold.
    Alone in the dark, he looked up and smiled,
    Standing watch over me, and my wife and my child.

    "What are you doing? " I asked without fear,
    "Come in this moment, it's freezing out here!
    Put down your pack, brush the snow from your sleeve,
    You should be at home on a cold Christmas Eve!"

     For barely a moment I saw his eyes shift,
    Away from the cold and the snow blown drift.
    Then he sighed and he said "Its really all right,
    I'm out here by choice. I'm here every night."

    "It's my duty to stand at the front of the line,
    That separates you from the darkest of time.
    No one had to ask or beg or implore me,
    I'm proud to stand here like my fathers before me.

    My Gramps died at 'Pearl on a day in December,"
    Then he sighed, "That's a Christmas 'Gram will always remember."
    My dad stood his watch in the jungles of 'Nam',
    And now it is my turn and so, here I am.

    I've not seen my own son in more than a while,
    But my wife sends me pictures, he's sure got her smile.
    Then he bent and he carefully pulled from his bag,
    The red, white, and blue... an American flag.

    I can live through the cold and the being alone,
    Away from my family, my house and my home.
    I can stand at my post through the rain and the sleet,
    I can sleep in a foxhole with little to eat.

    I can carry the weight of killing another,
    Or lay down my life with my sister and brother..
    Who stand at the front against any and all,
    To ensure for all time that this flag will not fall."

    "So go back inside," he said, "harbor no fright,
    Your family is waiting and I'll be all right."
    "But isn't there something I can do, at the least,
    "Give you money," I asked, "or prepare you a feast?

     It seems all too little for all that you've done,
    For being away from your wife and your son."
    Then his eye welled a tear that held no regret,
    "Just tell us you love us, and never forget.

    To fight for our rights back at home while we're gone,
    To stand your own watch, no matter how long.
    For when we come home, either standing or dead,
    To know you remember we fought and we bled.

    Is payment enough, and with that we will trust,
    That we mattered to you as you mattered to us."

    Forwarded by Michael Moore

    Cut and Run, the Only Brave Thing to Do --- 

    Jensen Comment
    We have to be very brave to retreat from the Middle East. Chances for nuclear winter become very high indeed as nations going nuclear surround Israel with full intentions to wipe Israel off the map. It takes a great deal of courage to encourage our enemies to obtain more and more WMDs and wait at home with our heads in the sand while Israel stands alone on the front lines. Michel Moore is good for one liners but he never addresses serious policy issues like how to end terrorist attacks in Israel or whether Iran should have its fair share WMDs.

    Most chilling of all, could the festering differences precipitate a military confrontation involving the use of nuclear weapons? It is known that Israel has a major nuclear arsenal and the capability to launch weapons quickly, and some neighboring states are believed to be attempting to acquire their own atomic bombs. Without progress toward peace, desperation or adventurism on either side could precipitate such a confrontation.
    Jimmy Carter, Palestine: Peace Not Apartheid

    There is no terrorist threat in this country. This is a lie. This is the biggest lie we've been told.
    Michael Moore

    If someone did 9/11 to get back at Bush, then they did so by killing thousands of people who DID NOT VOTE for him! Boston, New York, DC, and the planes' destination of California - these were places that voted AGAINST Bush!
    Michael Moore

    I'm a millionaire, I'm a multi-millionaire. I'm filthy rich. You know why I'm a multi-millionaire? 'Cause multi-millions like what I do.
    Michael Moore

    The Iraqis who have risen up against the occupation are not 'insurgents' or 'terrorists' or 'The Enemy.' They are the revolution, the Minutemen, and their numbers will grow - and they will win.
    Michael Moore
    Jensen Comment
    As far as I know British soldiers were not standing between warring "tribes" of Minutemen killing and torturing each other in unimaginable horror. Once again Michael proves he's never read a history book --- he probably does not have the time because he's too busy adding more millions to his millions.


    Forwarded by Aaron Konstam


    Here is a simple explanation that is also mathematical proof:

    Knowledge is Power.

    Time is Money.

    And, as every engineer knows:

    Power = Work / Time

    If Knowledge = Power, and Time = Money, then

    Knowledge = Work / Money

    Solving for Money, we get:

    Money = Work / Knowledge

    Thus, Money approaches infinity as Knowledge approaches zero, regardless of the Work done. What this means is:

    The Less you Know, the More you Make --- QED

    From the Readers Digest, December 2006, Page 153

  • Flying to Toronto at Crhistmastime, I arrived at the airport check-in. As the security guard cleared my bags, I noticed a sprig of mistletoe dangling from him.

    "What's the mistletoe for?" I asked.

    "That?" He smiled. "That's so you can kiss your luggage goodbye."


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