The first act Hugo Chavez takes after buying reelection is to tax toilet paper
because, he insists, it is a luxury item. Venezuela, Latin America's largest
consumer of Scotch whiskey, raised custom taxes on the spirit and another 200
imported goods the government considers non- essential.
"Hugo Chavez Taxes Toilet Paper,"
Bloomberg Venezuela, December 10, 2006 ---
Click Here
Jensen Comment
But there's no Chavez tax on imported corn cobs from Iowa and Bush/Cheney
campaign memorabilia that are recommended as substitutes for toilet paper in
Venezuela.Russia has shipped the first two Su-30MK2 multi-role
fighters to Venezuela under a contract signed in July 2006, an aircraft
manufacturing industry official said Thursday. Russia signed $1-billion
contracts on supplies of 24 Su-30MK2 Flanker fighters and 30 helicopters to
Venezuela prior to this year's visit to Russia by Venezuelan President Hugo
Chavez, triggering criticism from Washington, which regards the Venezuelan
regime as a potential security threat in the region.
"Russia starts supplies of Su-30 fighters to Venezuela,"
Russian News Information Agency, November 30, 2006 ---
http://en.rian.ru/russia/20061130/56213509.html
Buy a house, get a free gun Real estate agent's cure
for slow market – Glock
WorldNetDaily, December 10, 2006 ---
http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=53308
Jensen Comment
This is tailor-made for a new movie by Michael Moore who featured getting free
gun while opening a bank account. The trick is to use the glock in order to
avoid having to take out a mortgage.
Wal-Mart boasts that its new $4 generic drug program is disrupting the market,
attracting new customers to its stores and starting the nation on a road that
will ultimately squeeze billions of dollars from prescription drug spending . .
. But two months into the program, it is unclear whether in all cases Wal-Mart
is meeting its stated goal of making a profit on the $4 drugs.
Earlier this week the company disclosed that it had begun
charging $9 for some prescriptions in states that have unfair-competition laws
against selling products below cost. And as
Wal-Mart finds itself off to a disappointing start of the holiday sales season,
it is still not clear whether $4 drugs are indeed disrupting drug retailing and
helping generate significant new consumer traffic — or instead mainly giving a
break to people who are already Wal-Mart customers and can spend their pharmacy
savings in the stores’ many other aisles.
Milt Freudenheim, "Side
Effects at the Pharmacy," The New York Times, December 2, 2006 ---
http://www.nytimes.com/2006/11/30/business/30pharmacy.html?_r=2&ref=business&oref=slogin&oref=slogin
We have lost in Iraq. By prescribing placebos, the
Iraq Study Group isn’t plotting a way forward but delaying the recognition of
our defeat.
Frank Rich, "The Sunshine Boys Can’t
Save Iraq," The New York Times, December 10, 2006 ---
Click Here
The Time Is Now (to Surrender)
Bob Herbert, "The Time is Now,"
The New York Times, December 10, 2006 ---
Click Here
2006 Update on Wafa Sultan
Then again, she did have strong opinions about Islamic
extremism, and she was utterly unafraid to express them. So if Al Jazeera wanted
to talk to a wife and mother in Los Angeles about this important subject, sure,
why not? Wafa accepted. What no one could have guessed was that she was about to
become a controversial new voice in the Islamic world -- and for many moderate
Muslims, a model of courage . . . It was Wafa Sultan's second appearance on Al
Jazeera, last February, that brought her worldwide notoriety. This time, she
debated Dr. Ibrahim Al-Khouli, an Egyptian cleric, and once again gave no
quarter. "The clash we are witnessing around the world is not a clash of
religions or a clash of civilizations," she declared. "It is a clash between two
opposites, between two eras. It is a clash between a mentality that belongs to
the Middle Ages and another that belongs to the 21st century." To Al-Khouli, she
added, "You can believe in stones, brother, as long as you don't throw them at
me." . . . Wafa has also paid a price within the Muslim community in Los
Angeles. Before she became a known activist, she had a busy social life with
other Middle Eastern women. Today, few of her old friends remain. "They begged
me to stop," she explains of the women in her circle. Some feared for her life;
others reviled her message. Wafa summarizes their reaction this way: "You can't
make any change, so why are you risking your life?"
Kerry Howley, "Breaking the Silence
One woman is risking her life to speak the truth about radical Islam," Readers
Digest, December 2006 ---
Click Here
A MEMRI subtitled video initially aired in the Arab media by Al
Jazeera
Video ---
http://switch3.castup.net/cunet/gm.asp?ai=214&ar=1050wmv&ak=null
Bob Jensen's March 6, 2006 Tidbit about Wafa Sultan ---
http://www.trinity.edu/rjensen/book06q1.htm#Wafa
Taliban Rule No. 24 forbids anyone to work as a
teacher "under the current puppet regime, because this strengthens the
system of the infidels." One rule later, No. 25, says teachers who ignore
Taliban warnings will be killed. Taliban militants early Saturday broke into
a house in the eastern province of Kunar, killing a family of five,
including two sisters who were teachers.
Jason Straziuso, "New Taliban
rules target Afghan teachers," Yahoo News, December 9, 2006 ---
http://news.yahoo.com/s/ap/20061209/ap_on_re_as/afghan_taliban_rules
Jensen Comment
The Taliban also prohibits teaching females to read and write.
Jihadi attempts to procure lethal and destructive
weapons are endless. It is especially disturbing when they attempt to experiment
with and acquire chemical and biological weapons. One recent post on a jihadi
website outlined a user's attempts at mixing chemical components to create
deadly substances for terrorist purposes. The post, titled "The War of Poisons,"
was authored by a user with the pseudonym "Wajeh al-Qamar," who explained how to
use different poisons against Americans in order to push them out of the Arabian
Peninsula (
http://alsayf.com , July 30). Al-Qamar
instructs fellow jihadis to mix cyanide with any type of body lotion...
Abdul Hameed Bakier, "Jihadi
Forum Outlines Use of Poisons for Terrorist Attacks," The Jamestown
Foundation, December 7, 2006 ---
http://www.jamestown.org/terrorism/news/article.php?articleid=2370227
For the past few years, the dictators and terrorists
have been gaining ground, and with good reason. The deepening catastrophe in
Iraq has distracted the world's sole superpower from its true goals, and
weakened the U.S. politically as well as militarily. With new congressional
leadership threatening to make the same mistake -- failing to see Iraq as only
one piece of a greater puzzle -- it is time to return to the basics of strategic
planning. Thirty years as a chess player ingrained in me the importance of never
losing sight of the big picture. Paying too much attention to one area of the
chessboard can quickly lead to the collapse of your entire position. America and
its allies are so focused on Iraq they are ceding territory all over the map.
Even the vague goals of President Bush's ambiguous war on terror have been
pushed aside by the crisis in Baghdad.
Garry Kasparov, "Chessboard
Endgame," The Wall Street Journal, December 2, 2006 ---
http://online.wsj.com/article/SB116502013769838604.html?mod=opinion&ojcontent=otep
Mullahs on Monday will open an international
conference to examine the veracity of the Nazi Holocaust against the Jews, which
Iran's arab-parast President Mahmoud Ahmadinejad has labeled a "myth."
"Mullahs host Jew-haters in Iran," Persian Journal,
December 10, 2006 ---
http://www.iranian.ws/iran_news/publish/article_19430.shtml
We have no government armed with power capable of
contending with human passions unbridled by morality and religion...Our
Constitution was made only for a moral and religious people. It is wholly
inadequate to the government of any other.
John Adams ---
http://en.wikipedia.org/wiki/John_Adams
Too bad if 90 percent of it is stupid. That's
how creativity works.
Linus Torvalds ---
http://en.wikipedia.org/wiki/Linus_Torvald
I don't know half of you half as well as I should
like; and I like less than half of you half as well as you deserve.
J. R. R. Tolkien (1892-1973) ---
http://en.wikipedia.org/wiki/Tolkien
The key to being a good manager is keeping the
people who hate you away from those who are still undecided.
Casey Stengel ---
http://en.wikipedia.org/wiki/Casey_Stengel
Sorry, haters, God is not finished with me yet.
Representative Alcee Hastings as
quoted by Kate Phillips after being informed that Nancy Pelosi did not choose
him to chair the National Intelligence Chair, "Pelosi to Hastings: No on
Intelligence Chair," The New York Times, November 28, 2006 ---
http://thecaucus.blogs.nytimes.com/?p=746
I think we could turn a passive resistance into an
active resistance. It seems counter-intuitive. Rather than registering people to
vote, why not organize a boycott of the vote? Jesse Jackson has been registering
voters for almost 20 years now and it hasn't done anything.
Roxanne Dunbar-Ortiz ---
http://en.wikipedia.org/wiki/Roxanne_Dunbar-Ortiz
As quoted at
http://www.reddirtsite.com/bk-outlaw-6-clamor.htm
Jensen Comment
It amazes me how activists make such statements as matter of fact that actually
run counter to facts if you study the rise of African Americans to positions of
power at the local level (such as black mayors and sheriffs in Mississippi to
the powerful Chairman of the House Ways and Means Committee). It's absurd to say
that voting "hasn't done anything." Such "progressive activism" is all about
theatrics and not scholarship. What, other than voting power, raised Nancy
Pelosi to be Speaker of the House of Representatives and an African American
senator to being a leading contender for the presidency of the United States?
Journalists don't believe the lies of politicians, but
they do repeat them - which is even worse!
Michel Colucci, better known as Coluche (1944-1986) ---
http://en.wikipedia.org/wiki/Coluche
He became known for his irreverent attitude towards politics and the
“Establishment,” and he incorporated this into much of his material.
The Associated Press is standing by its report that
six Sunni men were burned to death in Baghdad Friday by Shiites, even though
U.S. military officials have accused the wire service of relying on a source who
"is not who he claimed he was," an Iraqi police captain. Military officials also
say they cannot confirm that the incident took place and have asked AP to
retract or correct the story, which was repeated by media around the world and
cited as a grim example of Shiites taking revenge for a deadly bombing that
killed more than 200 people a day before . . . Unless you have a credible source
to corroborate the story of the people being burned alive, we respectfully
request that AP issue a retraction, or a correction at a minimum, acknowledging
that the source named in the story is not who he claimed he was.
"AP, U.S. military spar over atrocities report," USA Today,
December 1, 2006 ---
http://blogs.usatoday.com/ondeadline/2006/11/us_military_and.html
Worried by Iran's deepening involvement in the Arab
world, Saudi Arabia has been working quietly to curtail the Shiite nation's
influence and prevent the marginalization of Sunni Muslims in the region's
hotspots. Analysts say the tug-of-war between the two Mideast powers signals a
new chapter in an uneasy relationship, one that has swung over the years between
wariness and - at times - outright confrontation.
Donna Abu-Nasr, "Saudis Work to Curb
Iran's Influence," Las Vegas Sun, December 2, 2006 ---
http://www.lasvegassun.com/sunbin/stories/w-me/2006/dec/02/120204338.html
Debunking The 9/11 Myths -Popular Mechanics examines
the evidence and consults the experts to refute the most persistent conspiracy
theories of September 11 ---
http://www.popularmechanics.com/technology/military_law/1227842.html
Seriously, the Los Angeles Times Has Been Strategically Trying to
Discourage the U.S. Military in Iraq
Al Qaeda is winning the media war and this is why!
. . . there were no airstrikes in Ramadi that day, while the L.A. Times
stringer claimed there had been an airstrike. When I checked into it, the weight
of the evidence indicated that the soldier was right and the L.A. Times was
wrong. The military flatly denies that there was an airstrike — a denial that
the L.A. Times has failed to report to this day. Several other media reports
state that civilians died from small-arms fire and tank fire, and not an
airstrike. . . . The [L.A. Times article] is an example of why you simply
cannot believe most media reports coming out of Iraq. The LA Time[s] reporter,
Solomon Moore, is not in Ramadi. He relies on an Iraqi stringer here who has
ties to insurgents. In this article, Moore repeats almost verbatim, insurgent
propaganda we have intercepted. The fighting in question occurred in my battle
space within Ramadi and I was personally and intimately involved . . . Every
target engaged was well within what our restrictive rules of engagement
authorize. I am disgusted by the editorial slant of this article, by what passes
from journalistic integrity at the LA Times, and by their complicity with our
mortal enemies. My Soldiers fight with great precision and skill on a very
difficult urban battlefield. The LA Times dishonors them and give aid and
comfort to my enemies.
A soldier in Iraq uncovered a propaganda fabrication by Al Qaeda
reported as fact by the Los Angeles Times ---
Click Here
A record 7 million people - or one in every 32
American adults - were behind bars, on probation or on parole by the end of last
year, according to the Justice Department. Of those, 2.2 million were in prison
or jail, an increase of 2.7 per cent over the previous year, according to a
report. More than 4.1 million people were on probation and 784,208 were on
parole at the end of 2005. Prison releases are increasing, but admissions are
increasing more. Men still far outnumber women in prisons and jails, but the
female population is growing faster.
"1 in every 32 U.S. adults behind bars, on probation or on parole
in 2005," Daily Mail, November 30, 2006 ---
Click Here
Asked by a
reporter about how “President Bush today blamed the surge of violence in Iraq on
al Qaeda,” incoming House Speaker Nancy Pelosi responded with a disjointed
answer about how “the 9/11 Commission dismissed that notion a long time ago and
I feel sad that the President is resorting to it again." Though al-Qaeda is
clearly in Iraq and responsible for deadly bombings, and the 9/11 Commission
conclusion was about links before September 11th, on Tuesday's NBC Nightly News
reporter David Gregory treated Pelosi's off-base retort as credible and
relevant. Without suggesting any miscue by her, Gregory segued to Pelosi's
soundbite with a bewildering set up of his own about how “incoming House Speaker
Nancy Pelosi disagreed, warning that such rhetoric about al Qaeda will make it
harder for Democrats to work with the White House."
Brent Baker, "Gregory Ignores Pelosi's Flub, Treats Retort to Bush on
al-Qaeda in Iraq as Credible," NewsBuster,s November 28, 2006 ---
http://newsbusters.org/node/9314
We will need grace to get through this time: through
the discussion of the Baker-Hamilton report, through debate on the war, through
a harmonious transfer of legislative power in January, through the beginning of
the post-Bush era. People often speak of an absence of civility in Washington,
but that's not quite the problem. Faking civility is a primary operating style:
"My esteemed colleague." What is needed is grace--sensitivity, mercy, generosity
of spirit, a courtesy so deep it amounts to beauty. We will have to summon it.
And the dreadful thing is you can't really fake it.
Peggy Noonan, "Grace Under Pressure:
Difficult times call for less-contentious politics," The Wall Street Journal,
December 1, 2006 ---
http://www.opinionjournal.com/columnists/pnoonan/?id=110009321
Secretary of the Navy Donald C. Winter vetoed plans
to commission the Makin Island, the Navy's newest and most powerful warship, in
San Francisco in 2008 because of a perception that the city is anti-military . .
. One of the factors that turned the Pentagon against San Francisco, he said,
was widely quoted anti-military remarks made by various city politicians. Some
of the remarks got considerable attention, especially ones made by Gerardo
Sandoval, a member of the Board of Supervisors, who was quoted on national
television as saying national defense should be left to "the cops and the Coast
Guard.''
Carl Nolte, "Navy scuttles plan to
commission warship here, citing local politics," San Francisco Chronicle,
December 2, 2006 ---
Click Here
The military considers them (AWOL)
criminals, and many Americans call them traitors. But during an anti-war event
Saturday in San Francisco, Anderson and others like him got a standing ovation.
Cecilia M. Vega, "SAN FRANCISCO:
Troops opposed to Iraq war get show of support: Rallies in S.F.,
nationwide hear those who went AWOL speak on refusal to return to combat,"
San Francisco Chronicle, December 10, 2006 ---
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2006/12/10/BAGJGMSTAS1.DTL
Jensen Comment
Anti-military San Francisco Supervisors are frustrated by the plunge in U.S.
military desertion rates since 9/11. In 1971 during the Viet Nam war, the
desertion rate hit a high of 3.4% of an Army that included many unhappy
draftees. In 2005 the desertion rate plunged to 0.24% of the all-volunteer Army
of 1.4 million men and women ---
http://www.usatoday.com/news/washington/2006-03-07-deserters_x.htm
Opposition to the war prompts a small
fraction of desertions, says Army spokeswoman Maj. Elizabeth Robbins. "[A
few] people always desert, and most do it because they don't adapt well to
the military," she says. The vast majority of desertions happen inside the
USA, Robbins says. There is only one
known case of desertion in Iraq.
Most deserters return within months,
without coercion. Commander Randy Lescault, spokesman for the Naval
Personnel Command, says that between 2001 and 2005, 58% of Navy deserters
walked back in. Of the rest, the most are apprehended during traffic stops.
Penalties range from other-than-honorable discharges to death for desertion
during wartime. Few are court-martialed.
To live peacefully with Muslims and Jews, Christians
must put aside the notion that their faith requires the creation of a Christian
kingdom on Earth, a Lipscomb University theologian told an interfaith gathering
at the university. "We are not going to get very far in our relationship with
Jews or Muslims if we do not let go of this idea," Lipscomb professor Lee Camp
said at Tuesday's conference. The unusual gathering of several dozen clergy and
lay people was devoted to resolving religious conflict in Nashville and around
the world. "We need to forsake the Christendom model," Camp said.
Anita Wadhwani, "Christians must
'let go' some beliefs for sake of peace, theologian says," Tennessean,
November 29, 2006 ---
http://www.thetennessean.com/apps/pbcs.dll/article?AID=/20061129/NEWS06/611290429
Thank you for contacting the ACLU and sharing your
thoughtful comments about the ACLU, Christmas and religion. Ours is one of the
most devout nations in the world, and it is at the same time the most
religiously diverse. The U. S. has more than 1,500 different religious bodies
and sects - including 75 divisions of Baptists alone. This country also has
360,000 churches, mosques and synagogues, all coexisting in relative harmony.
The ACLU is committed to defending the religious freedom of all Americans and
keeping our national tradition of religious diversity alive and well. To protect
religious liberty for everyone in America, however, the ACLU is often in the
position of defending the minority from the will of the majority. In some
instances, this involves challenging nativity displays or the posting of the Ten
Commandments on public property. We are a nation founded on religious freedom.
As such, the ACLU believes our society should be particularly sensitive to the
legitimate complaints that government-sponsored displays and other actions that
promote religion are offensive and inappropriate to those who belong to minority
faiths and to non-believers. The ACLU believes that no person should be made to
feel like an outsider by his or her own government.
ACLU, November 29, 2006 ---
Click Here
Jensen Comment
On this issue the ACLU makes some good points.
On behalf of the American Civil Liberties Union and
its nearly 600,000 members, we write to express our grave concern with the
removal and subsequent detention of six Muslim imams from a United Airlines
flight in Minneapolis, Minnesota, on November 20, 2006. The imams were
attempting to return home from a meeting of the North American Federation of
Imams, where one of the scheduled themes of discussion was how to “dispel
misconceptions” about Islam. These religious leaders were deemed a threat to
security merely because they had, in accordance with their faith, conducted
their evening prayers in Arabic shortly before boarding the flight.
ACLU, "ACLU Letter to Senator Joseph
Lieberman," November 28, 2006 ---
http://www.aclu.org/racialjustice/racialprofiling/27550leg20061128.html
Jensen Comment
On this issue the ACLU is aiding a fraud conspiracy. How much do ACLU lawyers
hired by the imams stand to gain in the settlement?
A group of Muslim imams is seeking an out-of-court
settlement with US Airways, saying they should not have been removed from a
Minnesota-to-Phoenix flight last month and were not behaving suspiciously. Five
of the six Islamic religious leaders have retained the Council on
American-Islamic Relations for legal representation and are seeking a "mutually
agreeable" resolution, said Nihad Awad, CAIR executive director. US Airways
scheduled a meeting with the imams on Dec. 4 to discuss the incident, but the
men canceled it and hired the activist group to act as legal counsel.
Audrey Hudson, "Imams seek to settle
with airline," The Washington Times, December 11, 2006 ---
http://washingtontimes.com/national/20061211-124608-1061r.htm
Jensen Comment
The imams made their point in the media. Why do they want to get rich as well?
If there ever was a set up in a get rich conspiracy this was it! We can only
hope that the imams successfully boycott the airline industry as well. Do you
suppose the 600,000 members of the ACLU will honor the imam boycott and cease
flying because of this? Or do you suppose ACLU members will intentionally
frighten passengers while allegedly praying in tongues so that they too can get
rich in court?
So the more promising raw material for the "War on
Christmas" lament is stores like Best Buy, Sears and Crate & Barrel (and, until
recently, poor old Wal-Mart, which, constantly attacked from both left and
right, has caved to the right on this particular issue) which avoid the use of
the word "Christmas" in advertisements, or encourage employees to wish customers
"Happy Holidays" instead of "Merry Christmas." From
Bill O'Reilly to William Donohue to
John Gibson to the
American Family Association, the
nutters are forcefully
mobilized against these outrages.
"Merry Christmas, Bill O'Reilly!" The Nation, November 29,
2006 ---
http://news.yahoo.com/s/thenation/20061129/cm_thenation/15144009
The limits of my language are the limits of my
world.
Ludwig Wittgenstein
(1889-1951) ---
http://en.wikipedia.org/wiki/Ludwig_Wittgenstein
In praise of markets, freedom, and Milton Friedman
As for Milton Friedman's supposed espousal of
big business, the truth was exactly the opposite. For him, the separation
between government and business was as important as the separation between
church and state. He understood that businesses prefer for governments to
bend the rules in their favor rather than compete, and he wanted the little
guy -- that is, the consumer, and not the legislator and his cronies in big
business -- to determine success and failure in the marketplace. The
expression "free to choose" said it all. In those countries where Friedman's
ideas triumphed, workers became shareowners, tenants in housing projects
became proprietors, kids without college degrees became entrepreneurs and
many a corporate giant came tumbling down, unable to withstand the daily
choices of the common folk empowered by the separation between state and
business.
Alvaro Vargas LLosa, "A Man of
Ideas," The Washington Post via The Wall Street Journal,
November 22, 2006 ---
Click Here
Jensen Comment
Please do not associate Milton Friedman with George W. Bush economics.
George Bush has been the most reckless government spender in the history of
the United States --- an economic disaster really!
Damnation of markets, freedom, and Milton Friedman
Friedman's free-market faith produced a bastardized
system of interest-group politics that favors sectors of citizens at the
expense of many others.
William Greider, "Friedman's Cruel Legacy," The Nation, December 11,
2006 ---
http://www.thenation.com/docprem.mhtml?i=20061211&s=greider
Jensen Comment
No mention is made of how China and Chile are finding a market based economy
that lifts millions out of poverty. Naive analysts always associate Friedman
with huge multinational oligopoly economies. Friedman was in fact against
Exxon and AT&T
oligopolies and greatly favored small business entrepreneurial and
competitive economies (see the Llosa quotation above). Surely a liberal
intellectual magazine can find a better thinker than Greider. Greider's a
naive throwback to Lenin who advocates a complete break down of a market
based economy in favor of the "liberal-progressive" free Big Brother
handouts communism.
A coherent alternative agenda that will
fulfill these principles does not yet exist. Nor will a
liberal-progressive program emerge miraculously if the Democratic Party
should somehow regain power in the next few years, since
many Democrats in Congress have internalized the
market ideology and collaborate with the
right. But elements of that alternative agenda are already ripe for
discussion.
William Greider, "The Future
Is Now," The Nation, June 26, 2006 ---
http://www.thenation.com/doc/20060626/greider
Was Milton Friedman an "archliberal?"
Friedman sought to minimize government and maximize
individual freedom. As he noted in his 1962 book Capitalism and Freedom,
“the right and proper label” for this orientation, for “the doctrines
pertaining to the free man,” is liberalism. But in the United States during
the 20th century, that term “came to be associated with a readiness to rely
primarily on the state rather than on private voluntary arrangements to
achieve objectives regarded as desirable.” . . . Like Hayek and the
novelist/philosopher Ayn Rand, Friedman resisted the solution of calling
himself a conservative. “The nineteenth century liberal was a radical, both
in the etymological sense of going to the root of the matter, and in the
political sense of favoring major changes in social institutions,” he wrote.
“So too must be his modern heir.”
Jacob Sullum, "Milton
Friedman, Archliberal: Why the great free
market economist was no conservative," Reason Magazine,
November 22, 2006 ---
http://www.reasonmag.com/news/show/116855.html
Also see "Milton Friedman, 1912-2006: Reason writers remember the
iconic libertarian economist," by Brian Doherty, Reason Magazine,
November 16, 2006 ---
http://www.reasonmag.com/news/show/116778.html
Market forces can accomplish wonderful things,
he realized, but they cannot ensure a distribution of income that enables
all citizens to meet basic economic needs. His proposal, which he called the
negative income tax, was to replace the multiplicity of existing welfare
programs with a single cash transfer — say, $6,000 — to every citizen. A
family of four with no market income would thus receive an annual payment
from the I.R.S. of $24,000. For each dollar the family then earned, this
payment would be reduced by some fraction — perhaps 50 percent. A family of
four earning $12,000 a year, for example, would receive a net supplement of
$18,000 (the initial $24,000 less the $6,000 tax on its earnings). Mr.
Friedman’s proposal was undoubtedly motivated in part by his concern for the
welfare of the least fortunate. But he was above all a pragmatist, and he
emphasized the superiority of the negative income tax over conventional
welfare programs on purely practical grounds. If the main problem of the
poor is that they have too little money, he reasoned, the simplest and
cheapest solution is to give them some more. He saw no advantage in hiring
armies of bureaucrats to dispense food stamps, energy stamps, day care
stamps and rent subsidies.
Robert H. Frank, "The Other Milton Friedman: A
Conservative With a Social Welfare Program," The New York Times,
November 21, 2006 --- Click
Here
Government spending exceeds 50 percent of the
GDP in France and Sweden and more than 45 percent in Germany and Italy,
compared to U.S. federal, state and local spending of just under 36 percent.
Government spending encourages people to rely on handouts rather than
individual initiative, and the higher taxes to finance the handouts reduce
incentives to work, save and invest. The European results shouldn't surprise
anyone. U.S. per capita output in 2003 was $39,700, almost 40 percent higher
than the average of $28,700 for European nations,.
Walter E. Williams, "Should We
Copy Europe?" Human Events, November 22, 2006 ---
http://www.humanevents.com/article.php?id=18143
Jensen Comment
Yeah Right! What economic group does not rely on government handouts and
Congressional favors in the U.S.? Farmers, oil companies, and every other
group you can think is on the dole in the U.S. The difference is that the
U.S. wastes more on lobbies and influence peddling in Washington DC.
Brushing past months of unflattering headlines
about a federal corruption investigation, Representative William J.
Jefferson was elected to a ninth term on Saturday, with a decisive runoff
victory that again emphasized this city’s sharp racial divisions.
Adam Nositter, "Embattled
Louisiana Legislator Prevails," The New York Times, December 10, 2006
---
Click Here
Nancy Pelosi’s much touted “Culture of
Corruption” was originally conceived as a lily-white, Republicans only club
that Democrats could point to with self-righteous indignation while claiming
moral and ethical superiority. Unfortunately for Pelosi, the real poster
child for corruption is an African-American Democrat named William J.
Jefferson. For those who may have lost track, Jefferson is the U.S.
Representative from Louisiana who was apparently caught on video accepting
$100,000 in bribes, most of which allegedly ended up in Jefferson’s freezer.
John Lillpop ---
http://mensnewsdaily.com/2006/12/10/dear-nancy-pelosi-guess-who-is-coming-back-to-the-us-house/
Louisiana Congressman William Jefferson (D-La.)
has taken to the airwaves to unequivocally deny the allegations that have
plagued him for months. "I have never taken a bribe from anyone," he asserts
in a new campaign ad. Jefferson is running for re-election despite being at
the center of a federal bribery investigation.
Avni Patel, "Cold Cash
Congressman Says He Has 'Never Taken a Bribe' in New Campaign Ad," ABC
News, December 1, 2006 ---
http://blogs.abcnews.com/theblotter/2006/12/cold_cash_congr.html
Jensen Comment
I think William Jefferson hired the same semantics expert who advised
William Clinton to proclaim "I never had sex" with Monica. Clinton's semen
on her blue dress does not constitute sex in a very literal sense or the
semen would've . . . well you know!. That cash in William Jefferson's
freezer was for bowel roughage --- not for otherwise spending. If you launder it real well. cash
constitutes one of the food groups in Louisiana. Of course in corrupt Louisiana he
won the runoff election and will be returning to embarrass the Democratic Party.
I doubt that Pelosi appoints him to Chair the House Ethics Committee, but he's
well qualified to chair the House Banking Committee. He will, however, probably
be given more power by restoring his position on the House Ways and Means
Committee. Now that's a "chilling thought."
Democrats are calling on House Speaker-elect Nancy
Pelosi to return him (Jefferson) to his slot
on the powerful House Ways and Means Committee. Pelosi, a California Democrat,
led a successful effort last spring to strip Jefferson, D-New Orleans, from the
tax-writing panel after the Justice Department revealed that its agents, as part
of an ongoing corruption investigation, had discovered $90,000 in the freezer of
his Washington, D.C., home during a raid in August 2005.
Bruce Alpert, The Times-Picayune,
December 11, 2006 ---
Click Here
Thirty years on, we can see the results of
Hayek's prediction. Despite government revenues above 50% of GNP in the
Nordic countries supporting an extensive social welfare state, those
countries are vibrant democracies with open, competitive, and high-income
economies and low rates of poverty. That is precisely the point of my
Scientific American piece and a longer scholarly paper that Prof. Easterly
wrongly attacks. He actually makes my point for me by pointing out that the
Heritage Foundation/Wall Street Journal Index of Economic Freedom ranks
Finland, Sweden and Denmark as "free economies," with Denmark ranked ahead
of the United States, despite the fact of their extremely high rates of
taxation and social welfare spending. Similarly, the Global Competitiveness
Index of the World Economic Forum puts these three countries at ranks two,
three and four in global competitiveness, ahead of the United States at rank
six.
Jeffrey D. Sachs, "Vibrant
Economies With High Taxes and High Social Welfare Spending," The Wall
Street Journal, November 27, 2006; Page A13 ---
http://online.wsj.com/article/SB116459861144333273.html?mod=todays_us_opinion
Jensen Comment
If Professor Sachs holds Norway up as a social welfare model, why not hold
Kuwait even higher? We can hardly compare small nations with lots of a
valuable resource to export with those who do not have the per capita
resource wealth. Where would Norway be without oil? My grandparents
emigrated an impoverished Norway with little hope before the days of oil. The other
Scandinavian nations are so uniquely small and homogeneous that they can hardly be
compared to the United States. Scholars should know better. If the social
welfare model is so highly successful, why are the Scandinavian countries
cutting back on social welfare and privatizing? Why isn't the social welfare soaring to
great heights in Germany and France?
James Comer, the Yale University child
psychiatry expert, will today be named winner of the
2007
University of Louisville Grawemeyer Award for Education.
Comer was honored for his book
Leave No Child Behind: Preparing Today’s Youth for Tomorrow’s World
(Yale University Press), which argues that federal
mandates of the sort associated with the Bush administration’s “No Child
Left Behind” law are poorly designed and in fact leave many behind.
Inside Higher Ed, November 30,
2006 ---
http://www.insidehighered.com/news/2006/11/30/qt
Some difficult people are merely minor irritants:
Others learn to avoid them as much as possible, and the overall working
environment is not badly compromised. But a person who targets others, makes
threats (direct or indirect), insists on his or her own way all the time, or has
such a hair-trigger temper that colleagues walk on eggshells to avoid setting it
off, can paralyze a department. In the worst cases, this conduct can create
massive dysfunction as the department finds itself unable to hold meetings, make
hiring decisions, recruit new members, or retain valued ones. When I first got
involved in helping department heads cope with such people, my colleagues and I
used concepts and approaches we gleaned from studies of bullies.
C.K. Gunsalus, "Dealing With
Bullies," Inside Higher Ed,
November 30, 2006 ---
http://www.insidehighered.com/views/2006/11/30/gunsalus
The nation's largest Roman Catholic archdiocese said
today it has agreed to pay $60 million to settle 45 lawsuits alleging sex abuse
by priests. The deal is the most significant step to date toward resolving
extensive litigation against the archdiocese that has dragged on for years.
"Church to pay $60M in sex suits," Albuqeruqee Tribune, December
1, 2006 ---
http://www.abqtrib.com/news/2006/dec/01/church-pay-60m-sex-suits/
During my 18 years I came to bat almost 10,000
times. I struck out about 1,700 times and walked maybe 1,800 times. You
figure a ball player will average about 500 at bats a season. That means I
played seven years without ever hitting the ball.
Mickey Mantle ---
http://en.wikipedia.org/wiki/Mickey_Mantle
Baseball is the only field of endeavor where a
man can succeed three times out of ten and be considered a good performer.
Ted Williams ---
http://en.wikipedia.org/wiki/Ted_Williams
I don't think either team is capable of winning.
Warren Brown (in the 1945 Tiger-Cubs series)
---
http://en.wikipedia.org/wiki/Warren_Brown_%28Sportswriter%29
Baseball is 90% mental and the other half is
physical.
Yogi Berra ---
http://en.wikipedia.org/wiki/Yogi_Berra
You have to give 100 percent in the first half
of the game. If that isn't enough, in the second half, you have to give what
is left.
Yogi Berra ---
http://en.wikipedia.org/wiki/Yogi_Berra
You better make it four. I don't think I could
eat eight.
Yogi Berra (when a waiter asked how many slices to cut in Yogi's
pizza)
How you play the game is for college ball. When
you're playing for money, winning is the only thing that matters.
Leo Durocher ---
http://en.wikipedia.org/wiki/Leo_Durocher
Jensen Comment
Sort of makes me thankful that college professors are not really part of the
real world.
Mankind has had less effect on global warming than
previously supposed, a United Nations report on climate change will claim next
year. The UN Intergovernmental Panel on Climate Change says there can be little
doubt that humans are responsible for warming the planet, but the organisation
has reduced its overall estimate of this effect by 25 per cent. In a final draft
of its fourth assessment report, to be published in February, the panel reports
that the level of carbon dioxide in the atmosphere has accelerated in the past
five years. It also predicts that temperatures will rise by up to 4.5 C during
the next 100 years, bringing more frequent heat waves and storms.
Richard Gray, "UN downgrades man's
impact on the climate," Sunday Telegraph, December 10, 2006 ---
http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2006/12/10/nclimate10.xml
GERMANY’S European commissioner, Günter Verheugen,
faced calls to resign this weekend after photographs showing him naked on a
beach with his chief of staff were obtained by a magazine. The 62-year-old
commissioner had already become embroiled in accusations of favouritism and a
conflict of interest after he appointed Petra Erler, 48, to her £94,000-a-year
job amid reports of a close friendship. He has denied that they are having an
affair.
Nicola Smith and Michael Woodhead,
"There's nothing between us, insists the naked EU chief," London Times,
December 10, 2006 ---
http://www.timesonline.co.uk/article/0%2C%2C2089-2496216%2C00.html
Jensen Comment
Britney Spear's momentary no-panties upskirt flash was a big deal in the
U.S., but it's hardly worth mentioning in Europe.
Dangers in Buying Gift Cards from Display Racks
Well the crooks have found a way to rob you of your
gift card balance. If you buy Gift Cards from a display rack that has various
store cards you may become a victim of theft. Crooks are now jotting down the
card numbers in the store and then wait a few days and call to see how much of a
balance THEY have on the card. Once they find the card is "activated", and then
they go online and start shopping. You may want to purchase your card from a
customer service person, where they do not have the Gift Cards viewable to the
public. Please share this with all your family and friends...
Snopes ---
http://www.snopes.com/fraud/sales/giftcard.asp
"Credit Card 101: Advice Before Shopping," AccountingWeb, November
22, 2006 ---
http://www.accountingweb.com/cgi-bin/item.cgi?id=102824
High gas prices, rising interest rates, adjustable
mortgages, easy credit and lack of adequate health insurance for many
Americans, can all contribute to the rise in debt and many Americans are
turning to their credit cards for temporary relief.
The American Bankers Association (ABA) 2005-2006
Consumer Payment Preference Study reports that credit cards represent 19
percent of consumer in store payments, 55 percent of internet payments and
an increasing number of online bill and automatic payments.
James Chessen, ABA's chief economist, said of the
results, "The Federal Reserve continues to raise interest rates and high
energy prices are taking a bite out of disposable income. Not since the
Great Depression has the national savings rate remained below zero for so
long." He added, "Absent savings to cushion financial stress, some consumers
end up missing a payment on their credit card loan." Late payments rose 13
percent in the first three months of 2006.
These factors, coupled with negative numbers in personal savings in the
U.S., which has been negative for five consecutive quarters, according to
data from the U.S. Department of Commerce Bureau of Economic Analysis, means
that Americans are using potential savings to meet living costs.
President Brad Stroh of Bills.com feels that consumers debts are growing
without conscious decisions being made. "For those who are over their heads
in debt, taking action quickly is critical, before it's too late to prevent
any temporary hardships from becoming permanent financial crises," he warns.
Stroh has six steps that he says, if followed, will minimize the damage of
mounting debts.
- First and foremost, stop charging.
Consumers are falling back on credit cards and using them as "emergency
funds", often doing more harm by charging items that they don't need and
that are not necessary.
- Always pay bills on time. Pay on time,
even if you can only afford a minimum payment. Penalty rates for late
payments can be crippling, as high as 31 percent, which in turn leads to
a higher balance and higher minimums and big late fees. Cards may even
raise the interest rate if you are late in payment to another creditor.
- Pay more than the minimum. Promise
yourself that you will pay more than necessary when ever you can, even
if it is $10 and round the amount out to the next $10 or $100 increment.
By doing this, you decrease the debt faster.
- Pay the highest interest debt first.
Pay more on the debt that is charging the highest rate and move down in
order of the rate, saving the lowest rate debt for last, such as a
student loan.
- Negotiate your rates. If you pay on
time and have a bigger debt than you would normally have, you might be a
company's ideal client, so try to capitalize on a good payment history
by getting your rate lowered, especially if it is above the 14.67
national average. Call customer service and ask. Try more than once.
- Get help. There are many sources that
can provide help with debt problems and advice on how to get out of
debt, especially in cases such as medical problems that have resulted in
short-term debt. Borrowing money from family or combining old debt onto
a no-interest, lower interest card are some ideas, as are borrowing
against life insurance or retirement funds.
Bills.Com,
is a free, online service for consumers who need help
on complex and personal financial issues. The California company's
co-founders and CEOs, Brad Stroh and Andrew Housser, were recently named
finalists for Northern California by Ernst & Young's 2006 Entrepreneur of
the Year Award. They handle more than 7,500 clients, nationwide.
Bob Jensen's threads on the dirty secrets of credit card companies are at
http://www.trinity.edu/rjensen/FraudReporting.htm#FICO
Rethinking Tenure, Dissertations, and Scholarship in Humanities
"Rethinking Tenure — and Much More," by Scott Jaschik, Inside Higher
Ed, December 8, 2006 ---
http://www.insidehighered.com/news/2006/12/08/mla
The panel — the MLA Task Force on Evaluating
Scholarship for Tenure and Promotion — urged departments to:
- Create “transparency” in hiring and promotion,
so that junior faculty members know what is expected of them and are not
surprised by changing expectations as their tenure reviews approach.
- Define scholarship broadly, including the
“scholarship of teaching,” scholarship produced by teams, and work that
is not presented in a monograph.
- Accept “the legitimacy of scholarship produced
in new media,” ending the assumption that print is necessarily better.
(And to the extent that some professors and departments don’t know how
to evaluate quality in new media, “the onus is on the department” to
learn, not on the scholar using new media, Stanton said.)
- Focus on scholarship, teaching and research —
and not collegiality — as criteria for tenure.
- Consider their missions in setting standards
for tenure, and to consider whether they are adopting research-oriented
missions that don’t reflect the reality of the kind of institutions
where they work.
- Limit the number of outside review letters
sought in tenure reviews, pay those who provide them, and limit the
kinds of questions asked so that they are appropriate for the
institution and the position.
- Improve the process by which junior faculty
members receive guidance on their careers.
The MLA created the panel in 2004, amid widespread
anger and anxiety among younger scholars and others about a career path that
seemed blocked and a system for sharing scholarship that seemed
dysfunctional. A simplified version of the complaints would go like this:
Young scholars need to publish books to get jobs and tenure. University
presses can’t afford to publish books any more and are raising the bar for
publication. Libraries don’t have money to buy the books the presses do
publish, forcing the presses to make more cuts, making it still more
difficult for young scholars to win tenure.
While the MLA task force found plenty of problems
in the system, one thing it did not find was the feared “lost generation” of
scholars who had been denied tenure. The association conducted a survey of
1,339 departments on their tenure policies and processes. A key finding was
that the actual rates of tenure denials in these departments are quite low —
around 10 percent. But while junior professors in English and foreign
languages were apparently incorrect in thinking that many were being
rejected for tenure, they weren’t incorrect that the rules and system had
changed.
Relatively small percentages of new Ph.D.’s were
found to be finding tenure-track positions and getting through the process
at the institutions that initially hired them. And many were never finding
tenure-track positions. So it’s not that careers were being derailed at the
point of a tenure vote, but that they were never getting that far.
The panel also found that there is a clear reason
why so many junior faculty members perceive that the bar is higher: At many
institutions, the bar is higher.
Among all departments, 62 percent report that
publication has increased in importance in the last 10 years, and the
percentage ranking scholarship as being of primary importance (over
teaching) doubled, to just over 75 percent. While those figures might not be
surprising for doctoral institutions, the report notes a “ripple” in which
the standards for research universities end up elsewhere. Nearly half of
baccalaureate institutions now consider a monograph “very important” or
“important” for tenure. And almost one-third of all institutions are now
looking for significant progress on a second book. And Stanton noted that
while research universities provide support for writing books (in terms of
expectations about courses taught or providing research support), many of
the institutions now looking for a more detailed publication record provide
little if any such assistance.
The MLA’s report also contains ample evidence of
the mismatch between what panel members call “the tyranny of the monograph”
and the realities of scholarly publishing. Recent years have seen top
university presses shift away from the kind of publishing that tenure
committees want to see — with Stanford University Press cutting in the
humanities, Northwestern University Press cutting back in translations, and
Cambridge University Press discontinuing French studies. For books that get
published, readers may be few. Press runs that used to range from 600-1,000
are now more likely to be 250.
Many of the recommendations pushed in the report
represent attempts to reconnect the tenure and promotion process with the
excitement that the committee members see in much of scholarly life today.
One undercurrent of the entire report is that for all the flaws in the
current system of evaluating faculty members, there is no shortage of
appropriate ways to do so.
Take digital media, for example, which the report
notes is “pervasive in the humanities” and says “must be recognized as a
legitimate scholarly endeavor.” While faculty members are engaged in digital
scholarship, departments appear unable or willing to evaluate it. Of
departments, 40.8 percent at doctoral institutions, 29.3 at master’s
institutions, and 39.5 percent at baccalaureate institutions report having
“no experience” evaluating digital scholarship. More than half of all
departments report having no experience evaluating monographs in digital
form.
The report notes that the impact goes beyond the
unfairness to those whose important digital work may be ignored when being
considered for tenure — to creating disincentives to do such work. “The
cause-and-effect relations work in both directions here: Probationary
faculty members will be reluctant to risk publishing in electronic formats
unless they see clear evidence that such work can count positively in
evaluation for tenure and promotion,” the report says.
Continued in article
"How a Plan Evolved," by Michael Bérubé, Inside Higher Ed,
December 8, 2006 ---
http://www.insidehighered.com/views/2006/12/08/berube
Bob Jensen's threads on higher education controversies ---
http://www.trinity.edu/rjensen/HigherEdControversies.htm
Over 62% of Full-Time Faculty Are Off the Tenure Track
More than 62 percent of all faculty members are off
the tenure track, including nearly 30 percent of those with full-time positions,
according to an analysis released today by the American Association of
University Professors.
The study — based on federal data — comes with
institution-specific numbers on 2,600 colleges, revealing the exact breakdowns
on full- and part-time professors, on and off the tenure track. AAUP leaders
hope that the data will spur discussions on campuses nationwide about the use of
part-timers and the need to create more full-time, tenure-track positions.
Scott Jaschik, "The Job Security Rankings," Inside Higher Ed, December
11, 2006 ---
http://www.insidehighered.com/news/2006/12/11/aaup
Bob Jensen's threads on higher education controversies ---
http://www.trinity.edu/rjensen/HigherEdControversies.htm
Just Don't Call It Education: Is there fraud in academic assessment of top
college athletes?
Three newspapers this weekend explored
the academic compromises universities make in the name of athletic success.
The New York Times reported that an internal audit at Auburn University
revealed that an athlete’s grade had been changed without the professor’s
knowledge, to bring the athlete just over the minimum average needed for
eligibility. Auburn isn’t talking.
The Athens Banner-Herald reported that in 1999 and
2000, the University of Georgia’s president, Michael Adams, authorized the
admission of 119 athletes who did not meet academic standards, and that 21 of
them left because of academic problems. And
The San Diego Union Tribune reported on the
percentages of scholarship athletes at many Western institutions who are
“special admits” (translation: they don’t meet admissions standards). The
newspaper found that special admits are rare in the student body as a whole at
the institutions studied, but quite high (70 percent at the University of
California at Los Angeles, 65 percent at San Diego State University) for
scholarship athletes.
Inside Higher Ed, December 11, 2006 ---
http://www.insidehighered.com/news/2006/12/11/qt
It's Still a Shell Game in Terms of Division 1-A Male Athletes
While the NCAA’s numbers do show that
athletes in general graduated at a higher rate than other students at
their institutions, Division I male athletes in general fell short of
other male students (56 vs. 58 percent), and football players (55
percent) and men’s basketball players (46 percent) were lower still. And
the numbers were even lower at the Division I-A level, the NCAA’s top
competitive level, where 41 percent of men’s basketball players and 42
percent of baseball players earned their degrees in six years. (Granted,
those numbers are all generally on the rise, as NCAA officials are
rightly quick to note.)
Doug Lederman, "Graduation Rate Grumbling," Inside Higher Ed,
November 10, 2006 ---
http://www.insidehighered.com/news/2006/11/10/gradrates
Bob Jensen's threads on athletics controversies in higher education are at
http://www.trinity.edu/rjensen/HigherEdControversies.htm#Athletics
CollegeHumor.com, the Web’s go-to site for the fraternity crowd
"The Morning After," Wired Magazine, December 2006 ---
http://www.wired.com/wired/archive/14.12/start.html?pg=8
Forwarded by Dick Haar
The Clock of the Long Now, also called the 10,000-year clock, is a proposed
mechanical clock designed to keep time for 10,000 years. The project to build it
is part of the Long Now Foundation ---
http://en.wikipedia.org/wiki/Clock_of_the_Long_Now
I want to build a clock that ticks once a year. The
century hand advances once every one hundred years, and the cuckoo comes out on
the millennium. I want the cuckoo to come out every millennium for the next
10,000 years. If I hurry I should finish the clock in time to see the cuckoo
come out for the first time.
Danny Hillis ---
http://en.wikipedia.org/wiki/W._Daniel_Hillis
Question
Why didn't I think of this before I retired from teaching?
This sentence in my Sunday sermon was paid for by Disney Corporation
Church pastors last year had a chance to win a free
trip to London and $1,000 cash -- if they mentioned Disney's film "The
Chronicles of Narnia" in their sermons. Chrysler, hoping to target affluent
African Americans with its new luxury SUV, is sponsoring a Patti LaBelle gospel
music tour through African-American megachurches nationwide. Advertising has
begun to seep into churches, according to religious, marketing and academic
experts, pushing the boundaries by selling products with no intrinsic religious
value. Advertising has begun to seep into churches, and the phenomenon shows no
signs of slowing down, say academic, religious and marketing experts. Among the
wave of early adopters: the Republican Party, which successfully sold its
platform to church-goers in the 2000 and 2004 elections; Hollywood, which
discovered the economic power of faith when Mel Gibson's church-marketed film
"The Passion of the Christ" became a blockbuster; and publishing, with Rick
Warren's best-selling The Purpose-Driven Life, heavily marketed by a Christian
publishing house.
"Product Placement in the Pews? Microtargeting Meets Megachurches,"
knowledge@wharton, November 15, 2006 ---
http://knowledge.wharton.upenn.edu/article.cfm?articleid=1605&CFID=2801188&CFTOKEN=41201348
Categories of Articles Available from the University of Pennsylvania's
Wharton School ---
http://knowledge.wharton.upenn.edu/
Finance and Investment
Leadership and Change
Executive Education
Marketing Insurance and Pensions
Health Economics
Strategic Management
Real Estate Law and Public Policy
Human Resources
Business Ethics
Innovation and Entrepreneurship
Operations Management
Managing Technology
|
Lawyers Debate Why Blacks Lag at Major Firms
Thanks to vigorous recruiting and pressure from
corporate clients, black lawyers are well represented now among new associates
at the nation’s most prestigious law firms. But they remain far less likely to
stay at the firms or to make partner than their white counterparts .
Adam Liptak, "Lawyers Debate Why Blacks Lag at Major Firms," The New York
Times, November 29, 2006 ---
Click Here
A College Education Without Job Prospects
Most of the 11 million students in India’s 18,000
colleges and universities receive starkly inferior training, heavy on obedience
and light on useful job skills. . . . India was once divided chiefly by caste.
Today, new criteria are creating a different divide: skills. Those with
marketable skills are sought by a new economy of call centers and software
houses; those without are ensnared in old, drudgelike jobs.
Anand Giridharadas, "A College Education Without Job Prospects," The New York
Times, November 30, 2006 ---
http://www.nytimes.com/2006/11/30/business/worldbusiness/30college.html?ref=business
"Tuition Tax Break Extended," by Doug Lederman, Inside Higher Ed,
December 11, 2006 ---
http://www.insidehighered.com/news/2006/12/11/tax
In the wee hours of Saturday morning, the U.S. Senate
joined the House of Representatives in passing legislation that will extend
a slew of popular tax breaks, including two with coveted by colleges. The
measure, passed by a 79 to 9 margin in the Senate, is on its way to
President Bush, who is expected to sign it.
One provision would extend through 2007 a tax
deduction for “qualified higher education expenses,” which is available even
to taxpayers who do not itemize deductions on their federal returns. The
provision, which expired at the end of 2005, applies retroactively to the
current 2006 calendar year.
Under the provision, individuals who earn less than
$65,000, and couples who earn less than $130,000, can deduct up to $4,000 in
tuition and some other college costs for themselves or their children.
Individual taxpayers who earn between $65,000 and $80,000, and couples who
earn between $130,000 and $160,000, can deduct up to $2,000 in such
expenses.
“America is in a race with the rest of the world to
grow the strongest, most educated workforce available to attract and keep
good-paying jobs here at home,” said Sen. Max Baucus, the Montana Democrat
who will head the Senate Finance Committee, which makes tax policy, in the
next Congress. “So the tuition deduction is about more than taxes. It’s
really about making higher education, whether college or vocational school,
affordable and accessible for more of our citizens.”
The tuition tax deduction was estimated to cost
about $3.5 billion over 10 years, with the bulk of that money coming in the
early years.
The other provision of interest to higher education
that was extended by the bill is a corporate tax credit for investments in
university research and development. It, too, will continue through 2007,
although advocates had pushed for a permanent extension.
Also before it closed up shop for the year,
Congress approved legislation that will continue the federal government’s
ability to operate until February 15, which will put substantive decisions
about funding for the 2007-8 fiscal year — which is nearly one quarter over
at this point — in the hands of the Democrat-controlled 110th Congress.
The current Congress passed only two of the
appropriations bills that finance the federal government, and lawmakers in
the newly configured Congress are likely to choose among three options: (1)
passing all of the remaining bills separately (which is highly unlikely);
(2) passing a continuing resolution for the entire year, which would finance
most federal agencies at the same funding levels in 2007-8 that they
received in 2006-7; or (3) enacting an “omnibus” measure lumping together
all or most of the unpassed bills, and choosing to increase funds for some
programs and perhaps cut them for others.
That decision is likely to revolve around whether
Democratic leaders want to spend on much time on a 2007-8 budget when they
will also be forced to start worrying about 2008-9 spending in early
February, when President Bush presents his budget plan for that year.
Are Elite Universities Losing Their Competitive Edge?
E. HAN KIM University of Michigan - Stephen M. Ross School of Business
ADAIR MORSE University of Michigan
Stephen M. Ross School of Business LUIGI ZINGALES
SSRN April 2006 ---
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=900920
(as reported by Jim Mahar on November 30, 2006) ---
http://financeprofessorblog.blogspot.com/
We study the location-specific component in research
productivity of economics and finance faculty who have ever been affiliated
with the top 25 universities in the last three decades. We find that there
was a positive effect of being affiliated with an elite university in the
1970s; this effect weakened in the 1980s and disappeared in the 1990s. We
decompose this university fixed effect and find that its decline is due to
the reduced importance of physical access to productive research colleagues.
We also find that salaries increased the most where the estimated
externality dropped the most, consistent with the hypothesis that the
de-localization of this externality makes it more difficult for universities
to appropriate any rent. Our results shed some light on the potential
effects of the internet revolution on knowledge-based industries.
Was that Elite MBA Worth What it Cost ---
http://www.trinity.edu/rjensen/HigherEdControversies.htm#MBA
Bob Jensen's threads on higher education controversies are at
http://www.trinity.edu/rjensen/HigherEdControversies.htm
Non-Asians Show a Growing Interest in Chinese Courses
With its booming economy and aspirations to expand its
global influence, China may have achieved a victory in American classrooms . . .
School officials attribute the changes largely to a growing awareness of China
as a global economic force, and to a strong sense among parents that learning
Chinese could help their children professionally. As Mr. Corcoran said, studying
Chinese “is looked at as a long-term benefit.”
Natasha Degen, "Non-Asians Show a Growing Interest in Chinese Courses," The
New York Times, November 29, 2006 ---
http://www.nytimes.com/2006/11/29/education/29mandarin.html?_r=1&oref=slogin
"ERNST & YOUNG JOINS WITH PBS TO IMPROVE MATH LITERACY,"
AccountingEducation.com, November 29, 2006 ---
http://accountingeducation.com/index.cfm?page=newsdetails&id=143972
Ernst & Young LLP has joined forces with Thirteen/WNET
and leading community organizations to improve math literacy for children
nationwide. The firm announced on October 16, 2006 its sponsorship of the
award-winning children’s television series, CYBERCHASE, which teaches kids
aged 8-12 math concepts in a fun and understandable way.
As part of the sponsorship, Ernst & Young employees
will work locally with community organizations to bring the CYBERCHASE
lessons to children through fun, educational workshops. This new
relationship with PBS demonstrates the firm’s ongoing commitment to
community engagement around education and mentoring for current and future
generations.
Continued in article
The Thirteen/WNET home page is at
http://www.thirteen.org/index.php
The CyberChase link is at
http://pbskids.org/cyberchase/
Bob Jensen's threads on free online mathematics and statistics tutorials are
at
http://www.trinity.edu/rjensen/Bookbob2.htm#050421Mathematics
Ernst & Young Accounting Firm Happy Days (Video) ---
http://www.youtube.com/watch?v=lmEp0PHHA80
This may secretly be a celebration of Happy Days brought about by Sarbanes.
Ask Philosophers ---
http://www.amherst.edu/askphilosophers/