The National Debt has continued to increase an
average of $3.93 billion per day since September 28, 2007!
The National Debt Amount This Instant (Refresh your browser for
updates by the second) ---
http://www.brillig.com/debt_clock/
History of the National Debt ---
http://en.wikipedia.org/wiki/National_Debt

Anyone who lives within their means suffers from a
lack of imagination.
Oscar Wilde
A democracy cannot exist as a permanent form of
government. It can only exist until the voters discover that they can vote
themselves largesse from the public treasury. From that moment on, the majority
always votes for the candidates promising the most benefits from the public
treasury, with the result that a democracy always collapses over loose fiscal
policy, always followed by a dictatorship.
Alexander Tyler. 1787 - Tyler was a Scottish history professor that had
this to say about 2000 years after "The Fall of the Athenian Republic" and about
the time our original 13 states adopted their new constitution.
As quoted at
http://www.babylontoday.com/national_debt_clock.htm (where the debt clock in
real time is a few months behind)
The National Debt Amount This Instant (Refresh your browser for
updates by the second) ---
http://www.brillig.com/debt_clock/
Question
Where did the market system operate "flawlessly" in this economic crisis?
Answer
Think derivatives --- at least market-based derivatives and not credit
derivatives
From Vanderbilt University (you have to watch this video to
the ending to appreciate it)
A Keynote Speech by Leo Melamed ---
Click Here
http://www.owen.vanderbilt.edu/vanderbilt/About/owen-newsroom/owen-podcasts/podcasts/FIC-Melamed-keynote.html
Who is Leo Melamed? ---
http://en.wikipedia.org/wiki/Leo_Melamed
Bob Jensen's Primer on Derivatives ---
http://www.trinity.edu/rjensen/2008Bailout.htm#Primer
How long will Japan, China, and OPEC keep rolling this debt over instead of
calling in their chips? China may be especially upset if we impose increased
tariffs. This is crazy as China roars toward capitalism and the U.S. reverses
course toward socialism.
Treasury statistics indicate that, at the end of
2006, foreigners held 44% of federal debt held by the public. About 66% of that
44% was held by the central banks of other countries, in particular the central
banks of Japan and China. In total, lenders from Japan and China held 47% of the
foreign-owned debt. This exposure to potential financial or political risk
should foreign banks stop buying Treasury securities or start selling them
heavily was addressed in a recent report issued by the Bank of International
Settlements which stated, "'Foreign investors in U.S. dollar assets have seen
big losses measured in dollars, and still bigger ones measured in their own
currency. While unlikely, indeed highly improbable for public sector investors,
a sudden rush for the exits cannot be ruled out completely." ---
http://en.wikipedia.org/wiki/United_States_public_debt
Bob Jensen’s threads on the
Bailout mess (with a new picture regarding bankers honor in 1929 vs. 2008)---
http://www.trinity.edu/rjensen/2008Bailout.htm
In your dreams of retirement, which of these
scenes appeal to you the most?
My choice in Picture Number 1







Why aren't there any women in this retirement village?

Where aren't there any men in this retirement village?

Drink to me only with thine eyes.
(Another possible caption is: "Who cut the cheese?")

The Traditional Locale for
Retirement

If you're miserable in your job, first of all
be thankful you have a job. Secondly you might sign up for feel good motivation
about your job at "Thank Goodness Its Monday" (TGIM) ---
http://www.thankgoodnessitsmonday.com/video/
Personally, I get turned off by motivational speakers/preachers, but Scott does
produce some beautiful/artful videos that on occasion make me feel good.
The question for me in retirement is how to enjoy any day of the week ---
whether it's Monday or Saturday doesn't matter much in retirement. I find
leisure boring, and I would doze off at every other page if I once again tried
to read War and Peace from cover-to-cover.
At my age I'm not supposed to eat the rich
foods and win martini contests. I got tired of sea sickness and blue water in
the Navy. Away from home I have that feeling that I've already been there before
and "done that." Erika refuses to let me chase wild women or buy faster horses.
Perhaps I could become a Wal-Mart greeter, but that might deprive someone who
badly needs the money from a job. My cousin Mark does important work helping
people in Africa grow more food. He eventually became the Director of
Agriculture in Tanzania. But I can't even grow tomatoes. I also got turned down
when I volunteered to be a quality control inspector at the
Mustang Ranch in Nevada.
A retiring president of a university, who was
definitely a Type A+ personality, said he was going to spend his retirement
catching up on all the books he'd put off reading. I knew this wouldn't work,
because a Type A+ person who thrives on working would be bored stiff having to
read book after book from cover-to-cover. And for what purpose? What could be
gained by quietly reading 1,000 books and then passing on from this world? Does
this help his case with St. Peter? It might make him happy if each page really
lifts the serotonin level, but in his case I seriously doubt that reading is the
best way to create more serotonin. He eventually found greater happiness trying
to raise money to educate poor children.
Being retired for me is a bit like being in a
'think tank" except for a few happy outdoor moments in the mountains on a walk
or on my tractor for a ride. It would be very boring to walk all day long or to
listen to the roar of a diesel engine for hours. Having been in a for-real
"think tank" for two years in the early part of my career, I can honestly say
that the "think tank" experience, where you've almost
total control over how you spend your time, varies a great deal with how
much time you have left in life. So how should I spend my time in my retirement
"think tank?"
Question
What would you study for if you were given total study freedom in a think
tank?
October 25, 2008 message from Gerald Trites
[gtrites@zorba.ca]
Hi Bob,
I have a question for you. If you were to have six
months to go alone to a cabin in the woods just to read and write, with no
technology or connections with the outside world, and your objective was to
write something that would distill the life lessons in those books, which
books would you take with you?
Jerry
Phone: 416-602-3931
Website: www.zorba.ca
Blog:
www.zorba.ca/blog.html
October 30, 2008 reply from Bob Jensen
Hi Jerry,
I’m not putting you off on this question. I just need a bit more time to
contemplate my answer.
Back in the 1970s I was granted two years in a think tank at the CASBS
Center on the Stanford University campus ---
http://www.casbs.org/
While at the CASBS I could study anything I liked and was not obligated
to even publish outcomes from my two years. Actually I spend most of my time
thinking about multivariate statistics and did produce two AAA monographs (#
14 and #19) on the side ---
http://aaahq.org/market/display.cfm?catID=5
But mostly I worked on trying to develop adaptive multivariate models that,
unfortunately, proved not to be robust when sorting out subsets of
predictive variables. Sigh!
Now in retirement I have the renewed luxury controlling what I do in each
and every day. I suppose I could, like Maynard Mack (see below), elect just
to study a single scholar or topic in depth for the rest of my life. What
I’m not certain about is what that subject would be at this point in my life. In the past I tried to
study things that would have utility (generally in terms of teaching and publications and
presentations and consulting) in my career. This type of purpose no longer
inspires me late in life, so I must think a bit about what I would
most enjoy if I spent another year in a “think tank.”
Bob Jensen
October 30, 2008 reply from Dennis Beresford
[dberesfo@TERRY.UGA.EDU]
I guess this is why I'm an amateur or unofficial
academic. But I would go crazy with total freedom in a think tank for a
year. I like the excitement of waking up each morning to new issues and
challenges as well as interacting with those who are working on those
matters or just interested in knowing more about them. Just today Fannie Mae
announced the write off of its over $20 billion deferred tax asset, a news
service reported that up to $1 trillion of goodwill impairments will be
recorded this year because of the decline of stock prices and so many
companies having market capitalizations in excess of book value, and
Deloitte announced that it is suing a former partner who traded extensively
in securities of clients that he worked on. Yesterday the SEC held its fair
value accounting roundtable with many interesting positions expressed
including those of former FDIC chairman William Issac who strongly objected
to fair value accounting and called for the Fed and others to have control
over the FASB. I can hardly wait to see what happens tomorrow!
Denny Beresford (still loving accounting after all
these years)
University of Georgia
October 30, 2008 reply from Bob Jensen
Hi Denny and Jerry,
Actually I consider my two think tank years as my least productive years
in academe. In part this is due to my trying to be inventive. I ended up on
a lot of blind alleys. It might have been more rewarding to spend those
years trying to be a scholar rather than a researcher. But mostly I think
it’s just that under ideal “thinking” opportunities the adrenalin just is
not flowing as much as when the world is pressing in from all sides.
At the CASBS think
tank itself, administrators warned the “Fellows” (women included) early on
that think tank years sometimes lead to depression --- really!. It has to do
with expectations versus failed endeavors. Think tanks are somewhat
analogous to winning the lottery. After dreaming all those years about
winning the lottery, many lottery winners actually end up miserable for a
variety of reasons since dreams often don’t come true when given
the means to live out those dreams. Guilt sometimes sets in when we don’t
live up to our internalized expectations. In a think tank there’s nobody to
blame but yourself.
I did become close with inspiring and mind-expanding "Fellows" at the CASBS,
including the following varied scholars:
• Harvard’s Youngest-Ever Philosophy Professor Robert Nozick ---
http://en.wikipedia.org/wiki/Robert_Nozick
• Stanford’s Josh Lederberg ---
http://en.wikipedia.org/wiki/Joshua_Lederberg
• Stanford’s Phil Zimbardo ---
http://en.wikipedia.org/wiki/Zimbardo
• Yale’s Maynard Mack ---
http://www.independent.co.uk/news/obituaries/professor-maynard-mack-728966.html
• Harvard’s infamous pit bull lawyer named Alan Dershowitz ---
http://en.wikipedia.org/wiki/Dershowitz,_Alan
Bob Nozick changed my ideas about utopian philosophy. I’d never heard of
cloning in those days, but Lederberg was already into studying societal
risks in certain types of new knowledge and technology. Zimbardo was truly a colorful researcher who was
very inventive about behavioral experiments (including some that went awry
such as his famous prisoner experiment). Maynard Mack taught me how
difficult it is to be a generalist in literature. Much of his life was spent
studying the writings of a single author --- Alexander Pope. I greatly
respect the academy's scholars like Maynard who learn more and more about
less and less along the way such that they know more than anybody else about
a few angels on the head of a single pin. I'm just not one of those types of
scholars. I want to learn less and less about more and more --- leading to
knowing epsilon about almost everything.
Fortunately, there are many scholars like Maynard Mack who fill the
academy's halls around the world with experts on virtually every topic known
to mankind. Obviously some are more expert than others on a given topic, but
the academy is the first place to look for pin heads. The good news is that
most of them teach so that the legacy and inspiration for expertise is
passed along to each forthcoming generation. They're the main reason
students pay to attend college.
One interesting experiment that Zimbardo conducted was to leave a car on
the streets of three cities with the windows open. In each case, the part of
town where the vehicle was parked had a lot of young people milling about
the streets after dark. In East Palo Alto, all that happened was that
somebody rolled up the windows as if to protect the car’s interior from
rain. In San Francisco some things were stolen like the radio, speakers,
battery, and hub caps. In New York City street people literally beat the
sh_t out of the car after stripping it. Obviously there is very little that
can be generalized from such a small and uncontrolled sample. But it does
suggest that anger and aggression are more pronounced in large city ghettos
teaming with children from poverty stricken single parents and evil drug
dealers on the streets.
Zimbardo’s famous and controversial Prison Experiment was a much more
serious study of behavior ---
http://en.wikipedia.org/wiki/Stanford_prison_experiment
Alan Dershowitz is probably more like you Denny. He wants to be where the
action is (like when defending Israel, Patricia Hearst, Harry Reems, Leona
Helmsley, Jim Bakker, Mike Tyson, Michael Milken, O.J. Simpson and
Kirtanananda Swami), and there’s not much action in a think
tank study that has no telephone and no students. In those days there were
no cell phones and Internet communications. The CASBS was literally in the
middle of a cow pasture. I think it was too quiet at the CASBS for Alan.
Alan thrives on being a protagonist surrounded by antagonists rather than polite scholars
studying a few angels on the head of a pin.
In retirement I could withdraw to my private studio (it’s a separate
building up here in the mountains), disconnect the phone and the Internet,
and seek out those angels on the head of some pin. Instead, I find myself
inclined to study more and more pins without digging down to the angels on
the head of any one pin. That’s the way you folks have come to know me on
the AECM. In some ways this is a more scholarly endeavor because it really
is collaborative --- I learn a lot from the likes of Jagdish Gangolly, Paul
Williams, Denny Beresford, Amy Dunbar, Richard Sansing, Ed Scribner, David
Fordham, David Albrecht, Tom Selling, Patricia Walters, Jerry Trites, CPA
Bonacker, and the
rest of the AECM contributors. I also learn a lot from my chosen bloggers out there
like Gary Becker, Richard Posner, Jim Mahar, the Unknown Professor, Free
Republic, Inside Higher Ed, Chronicle of Higher Ed,
Technology Review, Freaknomics NYT blog, the AAA Commons, etc.
In addition, I learn a lot from people who ask questions both on the AECM
and in private email communications. Their questions put my mind on the hunt
to seek out answers to those questions I find especially interesting. In
some ways, scholarship is more about questions than answers. For one thing,
there are many great questions for which there are no great answers.
I guess my answer to Jerry Trites is that I probably would not seek out
another think tank experience unless it contained some other “fellows” that
I really wanted to become close within a think-tank setting. I probably
would not seek out knowledge of the small (those angels on the heads of
pins). I probably would not seek to become a greater scholar about research
methods and techniques that, at my age, I probably don’t have time to put to
productive use.
I probably would continue doing what I do now --- which is collecting
and broadcasting and debating networked scraps and pieces of information day-to-day that I “post” into my Website
pages such that, when a question arises about some issue, I can go to my
“electronic scrap book” and re-learn all that knowledge that I’ve almost
forgotten. I’m always amazed by how much I’ve forgotten. But my Websites and
my many unpublished working papers that reside on my hard drive give me an
edge over many scholars who did not take the time and trouble to cut and
paste over a lifetime in the academy. Or if they did play cut and paste,
they did it in hard copy that’s almost impossible to search as their offices
become overflowing with books, papers, index cards, and piles of good
intentions. Hard copy really is a poor medium for slicing, dicing, and
filing into relevant categories.
I happily receive hundreds of requests for help each week from students,
educators, researchers, and practitioners around the world. My greatest
reward is when I can truly help them find answers to their challenging
questions. Whereas my cousin Mark tries to give
people more food for their bodies, I try to give them more food for their
brains ---
http://www.trinity.edu/rjensen/threads.htm
If I studied history more in retirement I would want to slice it, dice it, and try to make
sense out of patterns that emerge. Examples of my history endeavors late in
life include the following:
• History of The Accounting Review ---
http://www.trinity.edu/rjensen/395wpTAR/03MainDocumentMar2007.htm
• History of Derivative Financial Instruments ---
http://www.trinity.edu/rjensen/FraudRotten.htm#DerivativesFrauds
• American History of Fraud ---
http://www.trinity.edu/rjensen/415wp/AmericanHistoryOfFraud.htm
• History of Course Authoring and Management Technology ---
http://www.trinity.edu/rjensen/290wp/290wp.htm
Also see
http://www.trinity.edu/rjensen/000aaa/thetools.htm
I have little interest at this point in my life in studying something
that I do not try to share with the world. And my sharing is an evolving
thing rather that years of effort in secret isolation before unveiling a
masterpiece. I would rather get others to interactively help me form my attempted
masterpieces along the way. Thanks to all of you who openly share you gifts
and talents freely with everybody in the world,
including me, seeking your help.
Another thing I've learned is that it's better, at least late in life, to share something crudely crafted and incomplete early on
at a Website than it is to strive for a polished, read that word-crafted,
published manuscript. Early feedback on a Website living document can
improve a document far more than you can do with more and more time spent in
massaging a dead fish on your own. Too many writers hide their works from
the world in fear that somebody will steal their ideas and or catch them
making a sophomore-like error. You are free to steal any of my ideas and
errors, although any writer always hopes for acknowledgement along the way.
Since many of my errors are in the public domain, feel free to let the
public know about my errors.
Bob Jensen
Get busy living or get busy dying.
Stephen King (Shawshank Redemption)
If you don't know where you are going, any road will
get you there.
Lewis Carroll
Life is an opportunity, benefit from it.
Life is beauty, admire it.
Life is a dream, realize it.
Life is a challenge, meet it.
Life is a duty, complete it.
Life is a game, play it.
Life is a promise, fulfill it.
Life is sorrow, overcome it.
Life is a song, sing it.
Life is a struggle, accept it.
Life is a tragedy, confront it.
Life is an adventure, dare it.
Life is luck, make it.
Life is too precious, do not destroy it.
Life is life, fight for it."
—
Mother Teresa
A 2005 holiday letter from my cousin Mark Jensen who prematurely
ended his career in Minnesota in order to help starving people in Africa
Institute of Agriculture
Tumaini
University: It is becoming a reality.
The
Mgongo farm will have four demonstration plots going in December of
2005. The Institute will also have demonstration plots at Mpanga farm and
Lulanzi Farm. We will be starting a farmstead (for security of stored
equipment and harvest) at the Mpanga farm along with the beginning of a Rice
Project. The Institute is an outreach project of the University of Minnesota,
Sokoine University and International Rice Research Institute (IRRI). We will
be receiving research information and technical help with our projects but
no financial aid. Our goal is to increase the food production in the Region
of Iringa so they can feed themselves plus have extra to market.
We need your help in several ways. Prayer support
which I know my family is so good at because of your prayer support for me
during my two major surgeries and three chemo sessions of four plus months
each and now a clean bill of health so we will be leaving on September 19th.
We also need people to help in running the
Institute both here and in Iringa.
We also need financial support demonstration plots
will cost $1000 plus each ( 12 to start with), farmstead buildings of $2000
each (need 4 by December) and initiate rice project if possible $20,000
plus. All monies (large or small amounts are greatly appreciated) go to the
projects and none for administration or salaries. A sincere thank you to all
that have already given to the Institute.
Our Jensen roots are rural so we feel it is a
natural fit for us to help the poor in rural Iringa. For tax deductible
reasons checks can be made out to SPAS (Saint Paul Area Synod) Institute of
Agriculture ATTN: Myrna and addressed to me. Please pass on to family,
friends and anyone else you feel may have an interest in this project.
Mark and Terry Jensen
Mark Jensen,
Director Institute of Agricultural Development
TUMAINI UNIVERSITY, Iringa (Tanzania, Africa)
13025 Dahlia Circle #208
Eden Prairie, MN 55344 USA
E-mail: mtjensens@earthlink.net
Phone: 952-829-5326
Bob Jensen's main Website is at
http://www.trinity.edu/rjensen/
Bob Jensen's threads are at
http://www.trinity.edu/rjensen/threads.htm
Bob Jensen's multimedia is often served up from
http://www.cs.trinity.edu/~rjensen/
Where Bob and Erika Live in Retirement ---
http://www.trinity.edu/rjensen/NHcottage/NHcottage.htm
Tidbits on November 6, 2008
Bob Jensen
For earlier editions of Tidbits go to
http://www.trinity.edu/rjensen/TidbitsDirectory.htm
For earlier editions of New Bookmarks go to
http://www.trinity.edu/rjensen/bookurl.htm
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
http://www.searchedu.com/.
Bob Jensen's past presentations and lectures
---
http://www.trinity.edu/rjensen/resume.htm#Presentations
Bob Jensen's Threads ---
http://www.trinity.edu/rjensen/threads.htm
Bob Jensen's Home Page is at
http://www.trinity.edu/rjensen/
CPA
Examination ---
http://en.wikipedia.org/wiki/Cpa_examination
On May 14, 2006 I retired from Trinity University after a long
and wonderful career as an accounting professor in four universities. I was
generously granted "Emeritus" status by the Trustees of Trinity University. My
wife and I now live in a cottage in the White Mountains of New Hampshire ---
http://www.trinity.edu/rjensen/NHcottage/NHcottage.htm
Bob Jensen's blogs and various threads on many topics ---
http://www.trinity.edu/rjensen/threads.htm
(Also scroll down to the table at
http://www.trinity.edu/rjensen/ )
Global Incident Map ---
http://www.globalincidentmap.com/home.php
Set up free conference calls at
http://www.freeconference.com/
Also see
http://www.yackpack.com/uc/
Free Online Tutorials in Multiple Disciplines ---
http://www.trinity.edu/rjensen/Bookbob2.htm#Tutorials
Google Maps Street View ---
http://maps.google.com/help/maps/streetview/
World Clock ---
http://www.peterussell.com/Odds/WorldClock.php
Tips on computer and networking
security ---
http://www.trinity.edu/rjensen/ecommerce/000start.htm
If you want to help our badly injured troops, please check out
Valour-IT: Voice-Activated Laptops for Our Injured Troops ---
http://www.valour-it.blogspot.com/
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 ---
http://www.trinity.edu/rjensen/music.htm
Obama's Message (as shown on an Arab American Web site)
--- http://www.mafo2008.com/
What's missing? See quotations below.
From Vanderbilt University
A Keynote Speech by Leo Melamed ---
http://en.wikipedia.org/wiki/Leo_Melamed
Who is Leo Melamed? ---
http://en.wikipedia.org/wiki/Leo_Melamed
Bob Jensen's Primer on Derivatives ---
http://www.trinity.edu/rjensen/2008Bailout.htm#Primer
Science in Focus ---
http://www.sumanasinc.com/scienceinfocus/scienceinfocus.htm
An Entire (Free) Online Video Course in Game Theory by a Well-known Economics
Researcher/Theorist from Yale University ---
http://oyc.yale.edu/economics/game-theory/contents/sessions.html
This is tough going, but it may be well worth the effort to you. I've only
watched two lectures, but my intent is to study this course from beginning to
end.
It may be of interest to re-watch the movie A Beautiful Mind after
watching the Nash Equilibrium lecture. I've always thought Nash was given too
much credit for supposedly inventing a multivariate mean solution ---
http://en.wikipedia.org/wiki/John_Forbes_Nash
Sorry, but I do not view what Nash did as rocket science. But game theory itself
is economics and political science rocket science.
November 3, 2008 message from Richard C. Sansing
[Richard.C.Sansing@TUCK.DARTMOUTH.EDU]
Bear in mind that the scene that
supposedly describes a Nash equilibrium in the movie gets it completely
wrong.
http://variagate.com/equilib.htm?beaumind
Richard Sansing
Mediastorm ---
http://mediastorm.org/
American Museum of Natural History: Science Bulletins ---
http://www.amnh.org/sciencebulletins/
C-Span: Lincoln 200 Years (Video)
http://www.c-span.org/lincoln200years/
goSmithsonian: Lincoln ---
http://www.gosmithsonian.com/lincoln
Ruth Charney on Modeling with Cubes ---
http://www.maa.org/news/102308charney.html
The Archaeology Channel Video Guide ---
http://www.archaeologychannel.org/content/videoguide.asp
Are you tired of entertaining your dog?
Get a ball launcher ---
http://www.funnyhub.com/videos/pages/automatic-ball-launcher.html
This might even work for the kid!
Free music downloads ---
http://www.trinity.edu/rjensen/music.htm
Online Radio Station Guide ---
http://music.yahoo.com/launchcast/stations/
Obama vs. McCain Dance Off Video ---
http://uk.youtube.com/watch?v=wzyT9-9lUyE&feature=dir
Bob Jensen listens to music free online (and no commercials)
---
http://www.slacker.com/
Photographs and Art
Fantastic Brain Images
"The Brain Unveiled: A new imaging method offers a
spectacular view of neural structures," by Emily Singer, MIT's Technology
Review, November/December 2008 ---
http://www.technologyreview.com/biomedicine/21462/?nlid=1460
The Holburne Museum of Art ---
http://www.bath.ac.uk/holburne/
Japanese Mall Fountain (video) ---
http://www.youtube.com/watch?v=HAITYFkICEc
Other Beautiful Fountains ---
http://funfever.blogspot.com/2007/05/most-beautiful-fountains-in-world.html
Crace Collection of Maps of London ---
http://www.bl.uk/onlinegallery/onlineex/crace/
The Albert G. Spalding Collection of Early
Baseball Photographs and Drawings ---
http://digitalgallery.nypl.org/nypldigital/explore/dgexplore.cfm?col_id=198
S'abadeb-The Gifts: Pacific Coast Salish Art and Artists [Adobe
Flash Player]
http://www.seattleartmuseum.org/exhibit/exhibitDetail.asp?eventID=13771#
Elend Mork ---
http://erlendmork.com/
Gates of Hell ---
http://officeofstrategicinfluence.com/gates/
The Secret Books ---
http://www.thesecretbooks.com/
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 ---
http://www.trinity.edu/rjensen/ElectronicLiterature.htm
Funny metaphors used in high school essays ---
http://help.com/post/124066-funny-metaphors-used-in-high-school
A good sign they weren't plagiarized (except maybe from this site)
Words that make you sound smarter than you are ---
http://www.gcc.vccs.edu/sherwood/words/vocablist.htm
Also see
http://www.papermasters.com/images/calvin-essay-writing.gif
These add beauty ---
http://www.listology.com/content_show.cfm/content_id.26221/Writing
The Quotations Page (by author) ---
http://www.quotationspage.com/quotes/
Kissing Quotations ...
http://www.citate-celebre.com/famous-quotes/kissing-quotes/
Arts and Letters Daily ---
http://aldaily.com/?utm_source=at&utm_medium=en
Adolf Hitler read voraciously. The notes he
wrote into margins of surviving books are still worth reading for what they tell
us of the man.
Arts and Science Daily ---
http://www.nysun.com/arts/timothy-rybacks-hitlers-private-library/86436/
Goodreads Quotations ---
http://www.goodreads.com/quotes/show_tag?name=life
Quotations on Character and Ethics ---
http://josephsoninstitute.org/quotes/
The Literary Traveler ---
http://www.literarytraveler.com/
Gulliver's Travels by Jonathan Swift
(1667-1745) ---
Click Here or
Click Here
Also see
http://www.jaffebros.com/lee/gulliver/
The Marquis de Sade ---
http://neilschaeffer.com/sade/
Music Humor ---
http://www.amiright.com/
SEC = Suckers Endup Cheated
David Albrecht, Bowling Green University
Jensen Question
Should that instead read Suckers Endup Coxed? ---
http://www.trinity.edu/rjensen/2008Bailout.htm#SEC
We yearn for tomorrow and the progress that it
represents. But yesterday was once tomorrow, and where was the progress in it?
Dean Koontz "Brother Odd"
As quoted in the most recent email messages from Patricia Doherty
There are only two ways to live your life. One is as
though nothing is a miracle. The other is as though everything is a miracle.
Albert Einstein
In three words I can sum up everything I've learned
about life: it goes on.
Robert Frost
When life offers you a dream so far beyond any of
your expectations, is it not reasonable to grieve when it comes to an end?
Stephenie Meyer (Twilight (Twilight
Series, Book 1))
Thus we wait in vain to hear an "ethics of
responsibility" so that America will know how much evil it has done in trying to
do good. Without a shudder of guilt felt by a conscience that is still alive, we
are now truly "inwardly dead" when politics, not religion, poisons everything,
and ethics sickens, withers away, and expires. Why? For lack of moral
reflection.
John Patrick Diggins, "The Decline
of Presidential Ethics America needs integrity and humility in the Oval Office,"
Chronicle of Higher Education's Chronicle Review, November 7, 2008 ---
http://chronicle.com/free/v55/i11/11b00801.htm?utm_source=cr&utm_medium=en
The purpose of politics is no longer to do what is
right for the sake of the public good but to do what is expedient for the sake
of the self and its desire for power and fame. Electoral victory is the only
game in town, and candidates will do whatever it takes to win.
John Patrick Diggins, "The Decline
of Presidential Ethics America needs integrity and humility in the Oval Office,"
Chronicle of Higher Education's Chronicle Review, November 7, 2008 ---
http://chronicle.com/free/v55/i11/11b00801.htm?utm_source=cr&utm_medium=en
Sadly both McCain and Obama proposed spending plans that will further destroy
a U.S. economy already mired in hopeless entitlements. Even more sadly is that
voters want handouts more than they want what is truly in the public good ---
which is a nation that does not spend beyond its means to a point of
destruction. What we really need is for all opposing presidential candidates to
seriously pledge a balanced budget that makes Congress make some hard decisions
on taxes and spending within the constraint of a balanced budget that includes
expenditures for entitlements that are not simply deferred to future generations
---
http://www.trinity.edu/rjensen/entitlements.htm
The National Debt has continued to increase an
average of $3.93 billion per day since September 28, 2007!
The National Debt Amount This Instant (Refresh your browser for
updates by the second) ---
http://www.brillig.com/debt_clock/
History of the National Debt ---
http://en.wikipedia.org/wiki/United_States_public_debt

Anyone who lives within their means suffers from a
lack of imagination.
Oscar Wilde
How long will Japan, China, and OPEC keep rolling this debt over instead of
calling in their chips? China may be especially upset if we impose increased
tariffs. This is crazy as China roars toward capitalism and the U.S. reverses
course toward socialism.
Treasury statistics indicate that, at the end of
2006, foreigners held 44% of federal debt held by the public. About 66% of that
44% was held by the central banks of other countries, in particular the central
banks of Japan and China. In total, lenders from Japan and China held 47% of the
foreign-owned debt. This exposure to potential financial or political risk
should foreign banks stop buying Treasury securities or start selling them
heavily was addressed in a recent report issued by the Bank of International
Settlements which stated, "'Foreign investors in U.S. dollar assets have seen
big losses measured in dollars, and still bigger ones measured in their own
currency. While unlikely, indeed highly improbable for public sector investors,
a sudden rush for the exits cannot be ruled out completely." ---
http://en.wikipedia.org/wiki/United_States_public_debt
A democracy cannot exist as a permanent form of
government. It can only exist until the voters discover that they can vote
themselves largesse from the public treasury. From that moment on, the majority
always votes for the candidates promising the most benefits from the public
treasury, with the result that a democracy always collapses over loose fiscal
policy, always followed by a dictatorship.
Alexander Tyler. 1787 - Tyler was a Scottish history professor that had
this to say about 2000 years after "The Fall of the Athenian Republic" and about
the time our original 13 states adopted their new constitution.
As quoted at
http://www.babylontoday.com/national_debt_clock.htm (where the debt clock in
real time is a few months behind)
The National Debt Amount This Instant (Refresh your browser for
updates by the second) ---
http://www.brillig.com/debt_clock/
For the first time since the 1960s, liberal
Democrats are dominant. They are all but certain to have a lopsided majority in
the House, and either a filibuster-proof Senate or something close to it. If
Barack Obama wins the presidency today, they'll have an ideological ally in the
White House. A sharp lurch to the left and enactment of a liberal agenda, or
major parts of it, are all but inevitable. The centrist limits in earlier eras
of Democratic control are gone. In the short run, Democrats may be constrained
by the weak economy and a large budget deficit. Tax hikes and massive spending
programs, except those billed as job creation, may have to be delayed.
Fred Barnes, "We Could Be In for a
Lurch to the Left," The Wall Street Journal, November 3, 2008 ---
http://online.wsj.com/article/SB122576065024095511.html?mod=djemEditorialPage
Obama's Great Spending Message ---
http://www.mafo2008.com/
It's inspiring in every way except with a strategy on how to provide everything
without bursting America's National Debt bubble that ballooned under the
reckless unbalanced budgets of George W. Bush ---
http://www.trinity.edu/rjensen/2008Bailout.htm#NationalDebt
At the moment the only way we can pay over a million dollars per minute interest
on this debt is to borrow more to cover the interest. We need an economic
strategy for the survival of this country, and that entails balanced budgets and
a reversal in the plunge of the value of the U.S. dollar.
Neither Obama or McCain ever promised such a strategy to
save America from itself.
"Crisis in Leadership," by J. Edward Ketz, SmartPros, October 2008 ---
http://lyris.smartpros.com/t/1725105/7762913/5995/0/
Because U.S. Government accounting is in such chaos (the GAO will not even
sign off on its annual audits of the Pentagon), nobody on earth really knows
what our total liabilities are. The former top accountant in the Federal
government estimates that the total is well in excess of $55+ trillion (present
value discounted) before the 2008 deficit is factored in. A huge proportion of
our National Debt is held by our friends in the Middle East and Asia. If you
plan to watch that 1981 movie entitled “Rollover,” bring along a crying towel
---
http://en.wikipedia.org/wiki/Rollover _(film) OPEC could probably put the
U.S. out of business in an hour if it was so inclined.
I.O.U.S.A.: A Fact-Filled Documentary That Makes the Sicko's
Sicko Look Sicko
"Another Inconvenient Truth," The Economist, August 16, 2008, pp 69-69
---
http://www.economist.com/finance/displaystory.cfm?story_id=11921663
AMERICA’S infamous debt clock, near New
York’s Times Square, was switched off in 2000 after the national burden
started to fall thanks to several years of Clinton-era budget restraint.
However, it was reactivated two years later as the politically motivated
urge to splurge once again took over. The debt has since swollen to $9.5
trillion, with the value of unfunded public promises (if you include
entitlements such as Social Security and Medicare) nudging $53 trillion—or
$175,000 for every American—and rising. On current trends, these will amount
to some 240% of GDP by 2040, up from a just-about-manageable 65% today.
David Walker, who until recently ran the
Government Accountability Office, has made it his mission to get the nation
to acknowledge and treat this “fiscal cancer”. His efforts form the core of
a new documentary, “I.O.U.S.A.”, out on August 21st. The message is simple
enough: America’s financial condition is a lot worse than advertised, and
dumping it on future generations would be not only economically reckless but
also immoral.
The biggest deficit of all, the film
contends, is in leadership: politicians continue to duck hard choices. It
hints at dark consequences. As America has become more reliant on foreign
lenders, it warns, so it has become more vulnerable to “financial warfare”,
of the sort America itself threatened to wage on Britain, a big debtor,
during the Suez crisis. Warren Buffett, America’s investor-in-chief, pops up
to warn of potential political instability.
The film is part of a broader effort to
popularise the issue. In 2005 Mr Walker set off on a “fiscal wake-up tour”
of town halls; sparsely attended at first, it now attracts hundreds to each
meeting (though some may be turned off by the giant pie chart strapped to
the side of his tour van). The young are being drawn in too, even forming
campaign groups; Concerned Youth of America’s activists “crusade against our
leveraged future” wearing prison suits. Mr Walker is talking to MTV, a music
broadcaster, about a tie-up. His profile has been lifted by a segment on
CBS’s “60 Minutes” and an appearance on “The Colbert Report”, a satirical TV
show, which dubbed him the “Taxes Ranger”.
Promisingly, the new film was well
received at the Sundance Film Festival. Some even wonder if it might do for
the economy what Al Gore’s “An Inconvenient Truth” did for the
environment—perhaps with this comparison in mind, Mr. Walker and his
supporters talk of a “red-ink tsunami” and bulging “fiscal levees”. But,
unlike the former vice-president, he is no heavy-hitter. And, even jazzed up
with fancy graphics, punchy one-liners and a splash of humour, courtesy of
Steve Martin, tales of fiscal folly are an acquired taste. Still,
“I.O.U.S.A” is a bold attempt to highlight a potentially huge problem. “The
Dark Knight” it may not be, but for those who care about economic reality as
much as cinematic fantasy, it might just be the scariest release of the
summer.
Say What?
Editorial in the ... no ... can't be ... well maybe ... yes ... YES!
... The New York Times, September 8, 2008 ---
http://www.nytimes.com/2008/09/09/opinion/09tue1.html?_r=1&oref=slogin
The Bailout’s Big Lessons
As an
act of crisis management, the government takeover of Fannie Mae
and Freddie Mac, the mortgage-finance giants, was a reasonable
and reassuring move. It ensures the flow of mortgage credit and
is likely to reduce mortgage rates, which are important steps
toward the eventual recovery of the ailing United States housing
market.
And it
does so while putting taxpayers first for future dividends or
money that may be earned when the firms are reprivatized,
holding out hope that the bailout costs may someday be recouped.
Beyond the immediate crisis, however, the takeover raises
disturbing issues that may get lost in the tumult of the moment.
¶ The
need for an explicit bailout underlines the economic
vulnerabilities of the United States. In July, Congress gave
Treasury Secretary Henry Paulson unlimited authority to pay the
debts of Fannie and Freddie and to shore up their capital, if
need be. Yet investors the world over continued to doubt the
companies’ viability, shunning their securities or demanding
unusually high interest rates on loans. In effect, investors
deemed the government’s commitment to Fannie and Freddie as
either insufficient or not credible — an extraordinary vote of
no confidence that, in the end, led to the bailout.
¶ There
is no single reason for the lack of confidence. But investors
have good cause to be concerned about the deep indebtedness of
the United States, about the nation’s apparent political
unwillingness to restore its fiscal health and about the ability
of the government to responsibly make good on its commitments. A
pledge of the full faith and credit of the United States still
means something. That’s why the markets responded favorably to
the takeover. But investors’ refusal to accept a promise to act
is another sign of the need to reverse the fiscal mismanagement
of the Bush years.
¶ The
United States must acknowledge that its deep indebtedness is
especially dangerous in times of economic crisis. The level and
stability of American interest rates and of the dollar are now
dependent on the willingness of foreign central banks and other
overseas investors to continue lending to the United States. The
bailout became inevitable when central banks in Asia and Russia
began to curtail their purchases of the companies’ debt, pushing
up mortgage rates and deepening the economic downturn.
¶ The
bailout is new evidence of the need for better regulation of the
American financial system. As the housing bubble inflated, the
Bush administration often claimed that America’s unfettered
markets were the envy of the world. But, in fact, they have
sowed mistrust.
¶ The
cost of the bailout needs to be carefully monitored. Fannie and
Freddie own or back nearly $800 billion of generally junky
mortgages, and some of those will inevitably go bad. So it is
reasonable to assume that the cost could easily near $100
billion. There may be ways to make back some of that money
later, but for a long time, the bailout will divert resources
from other needs.
Senators John McCain and Barack Obama have both voiced support
for the bailout, which shows good judgment. But what the next
president will need to worry about, and both candidates need to
talk about, is the depth of the country’s economic problems. It
will take discipline and sacrifice to address them.
Jensen Comment
The national debt is the reason for a weakening dollar, higher oil
prices, inflation, and our diminishing stature in the world. George
Bush was a spendthrift who plunged us deeper into debt by failing to
veto spending bills of a run-away Congress. Barack Obama's
unfundable populist programs will only bury us deeper in debt. John
McCain is probably maverick enough to veto some spending cuts. Our
real economic hope may lie in the ultimate veto pen of . . . gasp .
. . Sarah Palin.
For once (actually the second time
in 2008) The New York Times had an editorial that makes
economic sense:
Longer
term, the challenge is perhaps even more daunting. Saving more
is ultimately the only way to dig out of the budget hole that
the nation is in. That will be painful, because higher
government savings, done properly, means higher taxes and
restrained spending. Candidates for president do not like to be
pessimistic, or even candid, really, about the economy. But a
leader who wants to steer the nation through tough times should
not spend the campaign telling Americans they can have it all.
"There He Goes Again," The New York Times,
July 12, 2008 ---
http://www.nytimes.com/2008/07/12/opinion/12sat1.html?_r=1&oref=slogin
Jensen Comment
But true to form, the NYT only criticizes John McCain's balanced
budget goals in this context. No mention is made of the NYT's
favorite candidate who certainly, albeit truthfully, is not
promising anything within light years of a balanced budget. The
question is which candidate, if elected, will heavily veto the
outrageous spending bills that most certainly emerge from
Congress over the next four or eight years. Sadly, George Bush,
unlike Reagan, rarely inked a spending veto in his eight years.
This country does not know what a life-threatening debt crisis
is and will have a rude awakening after November when the U.S.
dollar skids to all time lows never imagined. The real problem
is that Congress is leaning to more of entitlement time bombs.
"We Can't Tax Our Way Out of the
Entitlement Crisis," by R. Glenn Hubbard, The Wall Street
Journal,August 21, 2008; Page A13 ---
http://online.wsj.com/article/SB121927694295558513.html
We can
also secure a firm financial footing for Social Security (and
Medicare) without choking off economic growth or curtailing our
flexibility to pursue other spending priorities. Three actions
are essential: (1) reduce entitlement spending growth through
some form of means testing; (2) eliminate all nonessential
spending in the rest of the budget; and (3) adopt policies that
promote economic growth. This 180-degree difference from Mr.
Obama's fiscal plan forms the basis of Sen. McCain's priorities
for spending, taxes and health care.
The
problem with Mr. Obama's fiscal plans is not that that they lack
vision. On the contrary, the vision is plain enough: a larger
welfare state paid for by higher taxes. The problem is not even
that they imply change. The problem is that his plans are
statist.
While
the candidate is sending a fiscal "Ich bin ein Berliner" message
to Americans, European critics of his call for greater spending
on defense are the canary in the coal mine for what lies ahead
with his vision for the United States.
Professor R. Glenn
Hubbard is Dean of the College of Business at Columbia
University and a member of the President's Council of Economic
Advisors.
Bob Jensen's threads on the
"Entitlement Crisis" are at
http://www.trinity.edu/rjensen/entitlements.htm
|
"Obama and the Runaway Train The race, the case, a hope for grace," by Peggy
Noonan, The Wall Street Journal, October 31, 2008 ---
http://online.wsj.com/article/SB122539802263585317.html?mod=djemEditorialPage
There is for instance, in the words of
Minnesota's Gov. Tim Pawlenty, "the runaway train." The size and dimension
of the likely Democratic victory seem clear. A Democratic House with a
bigger, more fervent Democratic majority; a Democratic Senate with the same,
and possibly with a filibuster-breaking 60 seats; a new and popular
Democratic president, elected by a few points or more; a Democratic base
whose anger and hunger have built for eight years; Democratic activists and
operatives hungry for business and action. What will this mix produce? A
runaway train with no one to put on the brakes, to claim a mandate for
slowing, no one to cry "Crossing ahead"? Democrats in Congress will move for
innovation when much of the country hopes only for stability. Who will tell
Congress of that rest of the nation? Mr. Obama will be overwhelmed trying to
placate the innovators.
America enjoyed divided government most
successfully recently from 1994 to 2000, with Bill Clinton in the White
House and Newt Gingrich in effect running Congress. It wasn't so bad. In
fact, it yielded a great deal, including sweeping reform of the welfare
system, and balanced budgets.
Whoever is elected Tuesday, his freedom in
office will be limited. Mr. Obama is out of money and Mr. McCain is out of
army, so what might be assumed to be the worst impulses of each -- big
spender, big scrapper -- will be circumscribed by reality. In Mr. Obama's
case, energy will likely be diverted to other issues. He will raise taxes,
of course, but he may also feel forced to bow to a clamorous base with the
nonspending items they favor: the rewriting of union law to force greater
unionization of smaller shops, for instance, and a return to a "fairness
doctrine" that would limit free speech on the air.
Continued in article
A Sobering Paper from the University of Pennsylvania
"Think the Credit Crisis Is Bad? Coalition Sees Bigger Problems Down the Road,"
Knowledge@Wharton, October 29, 2008 ---
http://knowledge.wharton.upenn.edu/article.cfm;jsessionid=9a30144044b07a406280?articleid=2077
When most people look at the turmoil in
the American economy over the last month -- wild gyrations in the stock
market, giants of finance failing or requiring government rescue, rising
unemployment, sinking home prices and a wave of mortgage foreclosures --
they see an immediate crisis and a bleak future.
But Alice Rivlin, who was head of the U.S.
Office of Management and Budget in the Clinton administration, also sees an
opportunity. Rivlin was among a number speakers who came to the University
of Pennsylvania recently as part of a "Fiscal Wake-Up Tour" organized by a
bipartisan coalition of think tanks and government watch-dog groups trying
to focus voters on America's mounting debt. A Wharton department was among
the sponsors of the tour's recent visit to the university.
Rivlin said she has long believed that
only a short-term crisis atmosphere might spur political leaders in
Washington to make some of the difficult long-term choices to head off a
rising tide of red ink. "I have said that a mini-crisis would actually be
useful, something like a rapid plunge in the dollar," said Rivlin, currently
director of economic studies for the liberal-leaning Brookings Institution.
Instead, she said, the much larger economic storm now unfolding could
convince Washington -- as it is pressed to take bold and sometimes unpopular
action related to the credit crisis -- to wrap in some forward-looking
solutions to rising costs associated with Medicare, Social Security and
Medicaid -- costs that will make the taxpayers' Wall Street rescue effort,
which could amount to more than $1 trillion, seem petty by comparison. A
General Accounting Office study concluded that in less than 20 years, the
cost of Social Security and Medicare will exceed all government revenues.
David M. Walker -- president and CEO of
the Peter G. Peterson Foundation, a non-profit that focuses on the national
debt and related challenges -- agreed with Rivlin that the current economic
crisis could be a teachable moment for the nation's leaders about the risks
of fiscal inaction. "They waited for a crisis until they did something about
it," said Walker, referring to the credit logjam that has locked up the flow
of credit that lubricates the economy. When it comes to government action on
tough economic issues, he said, "the system is dysfunctional."
Walker, Rivlin, and their co-panelists --
Robert L. Bixby, executive director of the debt-fighting Concord Coalition,
and Stuart M. Butler, vice president for domestic and economic policy
studies for the conservative-leaning Heritage Foundation -- are carrying on
the Fiscal Wake-Up Tour that was launched back in 2005. Since the beginning,
the campaign has been trying to persuade Americans to pay less attention to
day-to-day ups and downs of Wall Street and the U.S. economy, and focus more
on the bigger picture of projections for the staggering future costs of
federal entitlements.
Bringing the Message to Battleground
States
The tour's visit to the Penn campus was
co-sponsored by Wharton's Business and Public Policy Department as well as
the Annenberg School for Communication, the Department of Political Science,
the Fels Institute of Government and the Fox Leadership Program. Officials
said the selection of Pennsylvania -- a key battleground state in the
presidential election less than three weeks away -- is part of the Fiscal
Wake-Up Tour's strategy of visiting key states right before major political
events such as the New Hampshire primary or Iowa caucuses. Its ultimate
goal, organizers said, is a better-informed electorate.
"We're trying to elevate the issue in
front of key constituencies in key states," Bixby said. He later noted that
many of the group's events have been held on college campuses because the
anti-debt coalition believes any solution will ultimately come from greater
involvement by the generation now voting for the first time. "If young
people get involved, and we can view the situation as a leadership problem,
we'll go a long way toward getting it solved."
The broader problem quite simply is this:
America is already dangerously deep in debt, and will soon see an explosion
in costs to provide Social Security, Medicare and other entitlements it has
promised to tens of millions of retiring and soon-to-retire baby boomers.
While federal spending is now roughly 20% of the American gross national
product, which has been relatively constant in the last half-century, that
ratio could rise as high as 42% by 2050 if current federal policies on
entitlement spending and taxes remain unchanged, according to Bixby. That
would be the same rate as when the U.S. was waging World War II. The impact
would fall hardest on today's young people.
Driving this projection are the ticking
time bombs of benefit obligations to retirees and impoverished families
under Medicare, Medicaid and Social Security. Over the next three decades,
the percentage of Americans older than 64 will grow from 13% to 20% even as
health care costs continue to increase faster than inflation.
We Suggest... Richard Marston and Jeremy
Siegel: Will the Bank Plan Revive Global Markets?
Do the Answers to Our Current Financial
Woes Lie in the Past?
The Candidates on Taxes: Finding the Devil
in the Details
Obama and McCain: Different -- and
Evolving -- Visions for the U.S. Economy
What's Ahead for the Global Economy in
2008? Reports from the Knowledge@Wharton Network Walker, who was formerly
the nation's top auditor as its Comptroller General, said unrestrained
health care policies are a recipe for fiscal disaster. "We're the only
country on the face of the earth that is currently writing a blank check for
health care because every other country that has done that has gone
bankrupt."
'Arithmetic, Not Ideology'
"It's a matter of arithmetic, not
ideology," said Bixby, whose bipartisan Concord Coalition was founded by
Warren Rudman, a former Republican senator; the late Paul Tsongas, who
served in the Senate as a Democrat; and Pete Peterson, who was Secretary of
Commerce in the Nixon administration. Bixby believes part of the problem is
that Americans have been too willing to buy into certain myths about our
fiscal policies, including the notions that we can close our budget gap
simply through growing the economy and increasing revenues, or just by
eliminating waste, fraud and abuse in federal spending.
Several speakers emphasized that while
their Wake Up Tour can be heavy on charts and graphics outlining the grim
mathematics of the problem, the real problem with profligate government
spending has a moral component: Is it right for the current generation to
take on obligations and hand the bill to the next generation? Walker
concluded his presentation with a slide showing his three grandchildren who
will inherit the massive debt. "It's really not a fiscal issue," agreed
Bixby. "It's a moral issue."
The speakers acknowledged that -- given
the wide range of their ideological views -- they do not necessarily agree
on all the solutions to the problem, but they want their audience to
understand what the choices are -- continued but unsustainable borrowing
from overseas sources such as China or the oil-producing nations of OPEC,
raising taxes, or making decisions on spending cuts and priorities that so
far have proved too difficult for political leaders. In fact, the political
hurdles have been so great that some -- including the current co-chairs of
the Concord Coalition, Rudman and ex-Democratic senator Bob Kerrey -- have
suggested that the only solution would be the creation of a bi-partisan
panel to devise a set of solutions that Congress would be required to accept
or reject without amendment.
Where to start? Rivlin suggested that
longer-term solutions could be wrapped into the current legislative effort
to attack the credit crunch and expected recession. For example, she said,
"a relatively easy thing to do" would be to gradually raise the retirement
age. That would have no impact on current retirees, but would provide
significant long-term savings for Social Security.
Butler, of the Heritage Foundation, noted
simply raising taxes to cover the deficit is not a likely solution. By 2050,
he said, balancing the budget with tax increases but no other policy changes
would mean raising marginal income taxes on the wealthiest top bracket to
88%, with a 63% higher levy on the second bracket that comprises much of the
middle-class. "If there's a moral problem with passing the debt along to
younger people, is raising taxes and taking their money any less immoral?"
he asked. He also doubted that Congress would use such additional revenue
for debt reduction. If you believe it would, he said, "you're probably one
of those people who think professional wrestling is real."
A more likely scenario, as outlined by
Butler, would be to look at the most sensible ways to make the benefits that
now go to American retirees more affordable, such as reconsidering the
current prescription drug benefits for seniors and whether they should be
extended to the wealthiest citizens. He noted that billionaire Warren
Buffett now receives the same drug benefit as a low-income retiree. The
Heritage Foundation expert also said America needs to do a much better job
encouraging private citizens to save for the future, citing a recent study
that the lowest income households, making less than $13,000 a year, spend an
average of 9% of that income on lottery tickets.
Indeed, several of the speakers agreed
that the Baby Boom generation now running the country has never been asked
to sacrifice and rarely asks such measures of citizens. At the same time, he
noted, America's consumer-oriented economy and the rise of relatively cheap
credit beginning in the 1980s has resulted in a national personal savings
rate of zero. On top of that, Butler political debate has been dragged down
in some ways by the rise of the Internet and especially cable television,
which "emphasizes conflict while dialogue is eliminated."
In the meantime, the speakers said that
ongoing federal deficits -- and a debt service that now costs $238 billion
annually and is growing sharply -- are squeezing programs that could make
America more competitive in the global economy. These would include a
massive program to repair the nation's crumbling infrastructure as well as
improving education and health care, especially for children in low-income
families. "The large middle class is our backbone, but we can't compete on
wages in this country," Walker said, stressing instead the need for a better
educated workforce and also for a health care system that delivers better
results for the money. "We're mortgaging our future and increasing our
obligation on the backs of young people at the same time that we're
investing less in them," he warned.
Yet, according to Rivlin, despite all the
controversy about the government's current dramatic efforts to deal with the
immediate financial crisis, these measures may not contribute much to
solving the debt problem. She acknowledged that the Treasury may recover
some of the $950 billion it has pledged to unlock credit markets and
stabilize key banks, and that a new economic stimulus package under
discussion in Congress might stave off a lengthy recession that would also
sap tax revenues. "But the danger," she warned, "is that we will lose all
discipline, that the recession will be the excuse" to delay difficult
choices.
Still, there seemed to be a general
consensus among the speakers that the current crisis could raise the
public's awareness and interest in a long-term solution to government debt.
"There's nobody to bail out America," said Walker, "so the sooner we get
started, the better."
Continued in article
Bob Jensen's threads on the end of the American Dream as we know it are at
http://www.trinity.edu/rjensen/2008Bailout.htm#AmericanDream
Question
What nation has the highest monthly faculty pay in universities? by Scott
Jaschik, Inside Higher Ed, November 5, 2008 ---
http://www.insidehighered.com/news/2008/11/05/worldpay
The United States does not
lead the world in faculty pay, and is quite far behind when comparisons of
national wealth are factored in, according to a new analysis released
Tuesday.
“International Comparison of Academic Salaries,”
prepared by three scholars at the Boston College Center for International
Higher Education, represents one of the more ambitious efforts to compare
faculty pay across national lines. While some existing studies look at
members of certain groups (the Association of Commonwealth Universities, for
example, which tends to have as members the leading universities of a
country) or regions (Europe), there have been few efforts to compare
salaries across different types of institutions and countries.
Average Monthly Salaries, in
World Bank Parity Dollars, for Entry-Level Faculty
Positions, 2005-6
| Rank |
Country |
Average |
| 1. |
Canada |
$5,206 |
| 2. |
United States |
$4,589 |
| 3. |
Australia |
$3,810 |
| 4. |
Germany |
$3,683 |
| 5. |
Britain |
$3,345 |
| 6. |
France |
$3,259 |
| 7. |
Saudi Arabia |
$3,162 |
| 8. |
New Zealand |
$3,114 |
| 9. |
Japan |
$2,979 |
| 10. |
South Africa |
$2,560 |
| 11. |
Malaysia |
$2,049 |
| 12. |
Colombia |
$1,987 |
| 13. |
Argentina |
$1,751 |
| 14. |
India |
$1,151 |
| 15. |
China |
$682 |
The
researchers also compared average salaries for senior
academics in the various countries. Here, Saudi Arabia jumps
in front of Canada and the United States.
Average Monthly Salaries,
in World Bank Parity Dollars, for Senior Faculty Positions,
2005-6
| Rank |
Country |
Average |
| 1. |
Saudi Arabia |
$8,490 |
| 2. |
Canada |
$7,992 |
| 3. |
United States |
$7,385 |
| 4. |
Australia |
$6,570 |
| 5. |
South Africa |
$6,105 |
| 6. |
New Zealand |
$6,061 |
| 7. |
Britain |
$5,589 |
| 8. |
Japan |
$5,546 |
| 9. |
Germany |
$5,108 |
| 10. |
France |
$4,551 |
| 11. |
Malaysia |
$4,422 |
| 12. |
Columbia |
$4,079 |
| 13. |
Argentina |
$3,950 |
| 14. |
India |
$2,071 |
| 15. |
China |
$1,845 |
While
developing nations don’t fare well in pure dollar totals,
they do quite well when national wealth is factored in — and
in fact the United States does poorly. The Boston College
study looked at the ration of average faculty pay to the
gross domestic product per capita of various countries, on a
monthly basis.
Ratio of Average Monthly
Faculty Salaries, in World Bank Parity Dollars, to GDP Per
Capita, 2005-6
| Rank |
Country |
Average |
| 1. |
India |
8.73 |
| 2. |
South Africa |
5.77 |
| 3. |
Colombia |
5.38 |
| 4. |
Saudi Arabia |
3.74 |
| 5. |
China |
3.47 |
| 6. |
Argentina |
3.31 |
| 7. |
Malaysia |
3.25 |
| 8. |
Canada |
2.24 |
| 9. |
New Zealand |
2.19 |
| 10. |
Australia |
1.75 |
| 11. |
Germany |
1.68 |
| 12. |
United States |
1.67 |
| 13. |
Britain |
1.65 |
| 14. |
Japan |
1.63 |
| 15. |
France |
1.58 |
Faculty Salary, Compression, and Inversion Issues ---
http://www.trinity.edu/rjensen/HigherEdControversies.htm#Salaries
"50 Most Expensive Colleges (click the slide show arrow)," by Alysa
Teichman, Business Week, November 2008 ---
http://images.businessweek.com/ss/08/10/1029_college_costs/index.htm?link_position=link2
College costs are again on the rise. According to a
College Board report released on Oct. 29, the average published cost of
annual tuition and fees at private four-year colleges is $25,143, up 5.9%
from last year. Room and board drives that figure up to $33,143.
At public colleges, the cost is 6.4% higher than
last year, with in-state tuition averaging $6,585. Out-of-state tuition
averages $17,452, a 5.2% increase from last year.
The continued escalation comes at a time when many
families are feeling strapped. The value of their investments is down, the
economic outlook is bleak, and student loans are harder to find. Grants and
tax benefits help somewhat. The average break for private-college students
is $10,200; for public college students it's $3,700.
Now that total college costs routinely break the
$50,000-a-year barrier, is the education really priceless? Here's a look at
50 of the costliest degrees for traditional four-year colleges. This year's
figures include tuition, fees, room, and board, and exclude colleges with
specialized programs, such as those for students with learning disabilities.
Read the story (with a slide show) at
http://www.businessweek.com/bschools/content/oct2008/bs20081028_629823.htm
"Study Links Violent Video Games, Hostility Research in U.S., Japan Shows
Aggression Increased for Months After Play," by Donna St. George, The
Washington Post, November 3, 2008 ---
http://www.washingtonpost.com/wp-dyn/content/article/2008/11/02/AR2008110202392.html?wpisrc=newsletter
Children and teenagers who play violent video games
show increased physical aggression months afterward, according to new
research that adds another layer of evidence to the continuing debate over
the video-game habits of the youngest generation.
The research, published today in the journal
Pediatrics, brings together three longitudinal studies, one from the United
States and two from Japan, examining the content of games, how often they
are played and aggressive behaviors later in a school year.
The U.S. research was the first in the nation to
look at the effects of violent video games over time, said lead author Craig
A. Anderson, a psychology professor at Iowa State University and director of
its Center for the Study of Violence.
Anderson said the collaboration with Japanese
researchers was particularly telling because video games are popular there
and crime and aggression are less prevalent. Some gamers have cited Japan's
example as evidence that violent games are not harmful.
Yet the studies produced similar findings in both
countries, Anderson said. "When you find consistent effects across two very
different cultures, you're looking at a pretty powerful phenomenon," he
said. "One can no longer claim this is somehow a uniquely American
phenomenon. This is a general phenomenon that occurs across cultures."
The study in the United States showed an increased
likelihood of getting into a fight at school or being identified by a
teacher or peer as being physically aggressive five to six months later in
the same school year. It focused on 364 children ages 9 to 12 in Minnesota
and was first included in a 2007 book, "Violent Video Game Effects on
Children and Adolescents."
Japanese researchers studied more than 1,200
Japanese youths ages 12 to 18. In all three studies, researchers accounted
for gender and previous aggressiveness.
"We now have conclusive evidence
that playing violent video games has harmful effects on children and
adolescents," Anderson said.
The
American Academy of Pediatrics, which publishes
the journal in which the study appears this month, is in the process of
revising its recommendations on media violence, and expects to issue a new
statement in four to six months, a spokeswoman said. The academy now
recognizes violence in media as a significant health risk to children and
adolescents and recommends limiting screen time including television,
computers and video games to one to two hours a day.
For many parents, the latest research was
unsettling, though not surprising.
Patricia Daumas, 50, a single mother of two in
Reston, said she sometimes wonders about her decision to allow her sons,
ages 8 and 11, to play war games. But like many parents, she sees the issue
as complex. She does not allow her sons to play games rated "mature."
"I don't think the games are good
for them," she said, "but what I'm seeing in my own children is that they're
still very gentle, that they're very caring, and they have absolutely no
behavior problems at school."
Continued in article
Bob Jensen's threads on the dark side of technology are at
http://www.trinity.edu/rjensen/000aaa/theworry.htm
There's a lot of helpful advice for cell phone purchasing at
http://electronics.howstuffworks.com/cell-phone-buying.htm
There's more than you ever wanted to know about cell phones if you enter
"cell phone" in the search box at
http://www.howstuffworks.com/
The hardware side of communications technology boggles my mind.
"15 Tools to Make Your PC a Multimedia Powerhouse: Enjoy your
video and audio collections to the fullest with the help of these free and
low-cost downloads," by Preston Gralla, PC World via The Washington
Post, October 30, 2008 ---
Click Here
Your
PC has become the greatest entertainment device
ever created, but you wouldn't know that judging by the software that ships
with the machine. Bundled media players, and related software for playing
and managing audio and video, tend to be underwhelming at best.
We've assembled 15 of our
favorite video and audio applications, all of which can handle just
about any job you can throw at them. The vast majority of these
downloads are completely free, and the others offer no-cost trials.
They'll help you download YouTube videos to your PC, or convert videos
to formats that you can view on handheld devices. They'll play any audio
and video formats you can find. They'll make you into a DJ and allow you
to create your own customized mixes, too. So if you want to get the most
out of the entertainment device on your desk, read on--and start
downloading. (And if you want to access all of these tools in one
convenient place, hop to our
audio and video downloads collection.)
Video
Want to download YouTube
videos to your computer, convert video files to formats that you can view on
portable players, find the best videos online, or watch TV from around the
world? We have software that does all that, and a lot more.
TubeMe
How many times have you
watched a YouTube video and wished that you could save it to your hard drive
for future viewing? With this free software, you can save YouTube videos as
.flv files; afterward, you can watch the videos in any multimedia software
that supports the .flv format (such as FLV Player or VLC Media Player, both
discussed below). Before downloading the videos, you get a full description
of them, as well.
Be aware that using this
program can be a bit confusing. Make sure to click the Download path
button, at the bottom of the screen, to tell the program where to download
your videos. And to download the video, you'll have to copy and paste the
YouTube URL into the program. After that, click the icon with a small plus
sign; it looks grayed-out, as if it were nonfunctional, but it does work.
Once you've added the link, you can download the video. You can also put
multiple videos in a list, and download them all at once.
Download TubeMe| Price: Free
FLV Player
If you've downloaded YouTube videos using TubeMe or another downloader, or
if you've collected other files in the .flv format, you may run into a
problem: Many media players, including Windows Media Player, can't handle
them. FLV Player is a straightforward media player designed to play .flv
files exclusively. To access a video, press , browse to the file, and open
it, or else double-click the .flv file from inside Windows Explorer. You can
also drag and drop files into the player. The software even handles multiple
.flv files: Simply drag several files to the program, and the app plays each
video in its own window.
You can control video
playback through the usual controls, or with a variety of keyboard
shortcuts. You can also toggle between full-screen mode and normal mode.
Note that you may run into problems installing the software on Windows
Vista. If that happens to you, right-click the installation file and choose
Run as Administrator. That should solve the problem.
Download FLV Player| Price: Free
Any Video Converter Free
Version
Playing
video these days is no longer confined to your PC--countless other devices
can play video as well, including handheld devices and music players, mobile
phones, and the PlayStation Portable (PSP). The problem, though, is that if
you've downloaded videos to your PC, they might not be in the formats your
devices require.
Continued in article
Bob Jensen's threads on tricks and tools of the trade are at
http://www.trinity.edu/rjensen/000aaa/thetools.htm
It seems there are two ways (in vs. into) to interpret the following title
"What Should Go in a Museum of Internet History?" by Jeffrey R. Young,
Chronicle of Higher Education, November 3, 2008 ---
Click Here
My colleagues on the AECM think the title is not so ambiguous, but I suggest that
they read it aloud with different emphsasis on the syllalabels.
Question
Can we put the following quotations to a test in a logic course in the
philosophy department?
"Some Lessons of the Financial Crisis," by Stephen Schwarzman, The Wall
Street Journal, November 4, 2008 ---
http://online.wsj.com/article/SB122576100620095567.html?mod=djemEditorialPage
Third, you need full transparency for financial
statements. Nothing should be
eliminated. Off-balance-sheet vehicles that
suddenly return to the balance sheet to wreak havoc make a mockery of
principles of disclosure.
Fourth, you need full
disclosure of all financial instruments to the
regulator. No regulator can do its job of assessing risk and systemic
soundness if large parts of the financial markets are invisible to it. A
regulator must be able to monitor all derivatives, including, for example,
$60 trillion in credit default swaps.
Sixth, we need to
abolish mark-to-market accounting for hard-to-value assets.
There is now emerging a broad realization that mark-to-market accounting has
exacerbated the current crisis. We are not talking about publicly traded
equities with a readily ascertainable value. The problem involves securities
held for investment purposes, and those instruments during certain times of
the cycle for which there is no readily observable market. These securities
and instruments would be fully disclosed to the regulator. However, a
financial institution would not be forced to suddenly take huge write downs
at artificial, fire-sale prices and thus contribute to financial
instability.
Bob Jensen's threads on a bull crap case against fair value accounting are
at
http://www.trinity.edu/rjensen/2008Bailout.htm#FairValueAccounting
Bob Jensen's threads on earnings management are at
http://www.trinity.edu/rjensen/theory01.htm#Manipulation
Epsilen Environment from Purdue University appears to have brought
together the latest technology in a course authoring, course management, and
e-learning package ---
http://www.epsilen.com/Epsilen/Public/Home.aspx
The Epsilen Environment is the result of six years
of research and development within the Purdue School of Engineering and
Technology at IUPUI. Epsilen Products and Services are commercially
available through BehNeem LLC, the holding company created in Indiana to
commercialize, market and further develop the Epsilen Environment. The New
York Times is an equity and strategic partner in the company.
I maintain a site on the history of course authoring and course management
technology at
http://www.trinity.edu/rjensen/290wp/290wp.htm
A 2008 addition to the above history site came to my attention in a
loose-card advertisement for Epsilen Enviroment that came in the November 3,
2008 edition of the Chronicle of Higher Education.
Free ePortfolios
Basic ePortfolio accounts are free for all registered students and faculty
of U.S. colleges and universities. An Epsilen ePortfolio can be created in
minutes and be used throughout one’s academic career, during
professional life, and even into retirement. The free Epsilen ePortfolio
account offers tools and resources enabling members to:
-
Create and maintain a professional ePortfolio
-
Engage in professional and social networking
-
Showcase scholarly work and other documents in a wide range of
formats
-
Develop and share resumes
-
Store and share files/objects
-
Use Epsilen e-mail, blog, wiki, and other communication and
collaboration tools
-
Create and participate in professional collaboration groups
-
Access to online
courses and trainings using the Epsilen Global Learning System (GLS)
courseware.
-
Produce a personal ePortfolio Web site with profile, photos and
video
-
Receive an automated weekly Epsilen status report
that lets you know about those that have visited your “corner”,
share similar research, teaching, internship or consulting
interests.
If your
campus is, or becomes, a licensed Epsilen institution (see below), your free
ePortfolio will integrate dynamically with more sophisticated tools and
services listed below that accompany the paid license. Visit www.epsilen.com
to
create
your personal ePortfolio and begin exploring the Environment.
Exploratory
Institutional Memberships
The Exploratory Membership is an easy and cost-effective option for colleges
and universities, schools, districts and state systems to explore and
experience the features of Epsilen, the next generation of learning and
networking software. Upon payment of an annual
membership fee, the following features are available to Exploratory
Members:
-
Administrative
account to brand, monitor, and maintain internal ePortfolio accounts of
your students ,faculty and alumnae
-
Institutional
ePortfolio site for your college or university
-
Global announcement
and message broadcasting to ePortfolio accounts associated with your
institution
-
Delivery of 12
online courses or training using Epsilen’s Global Learning System (GLS),
with the option to incorporate New York Times content described below
-
Direct access to the
Epsilen helpdesk
-
A hosted Web-based
solution that requires no, or little, institutional IT support
-
Ability to upgrade
to other licensed services (see below)
-
Ability to integrate
Epsilen with campus SIS (see below)
-
Ability to cross
list courses across institutions, departments, and schools
Annual Exploratory Memberships begin at
$5,000 for campuses with up to 2,000 students.
Click here for
more pricing information and order application.
New York Times Knowledge
Network
New York Times
Knowledge (NYTKnowledge Network) offers New York Times content to
complement faculty-designed courses served dynamically in customizable
templates through Epsilen’s Global Learning System. New York Times
content is aggregated by subject and easily selected and incorporated into
lessons by faculty and the interactive learning environment. NYTKnowledge
Network provides access to a repository of Times archives back to
1851 Times articles, special issues sections, multimedia features,
and synchronous and asynchronous contact with correspondents, resulting in
an extraordinary integrated learning environment that supports hybrid or
online offerings.
The New York Times
Knowledge Network also offers the opportunity to participate in Webcasts
with the Times correspondents and other subject matter experts.
These can be included in traditional courses, or offered by your institution
as stand-alone life-long learning experiences with comprehensive continuing
education programs designed by the New York Times.
NYT Knowledge Network Provides:
-
A rich
repository of archived content back to 1851
-
Access to other
major content providers
-
Multimedia news
content
-
Interactive maps
and graphs
-
Webcasts, chats
with correspondents
-
A comprehensive
range of content aggregated by subject and easily integrated to
support your teaching objectives.
-
NYTimes
Knowledge Network marketing of your continuing education courses.
Visit
http://www.nytimes.com/knowledge for further information
and pricing (will be released in mid August 2007).
Student Learning Matrix
Programs, departments, and schools within a campus may create unlimited
student learning matrices to be used by students through an automated
learning outcome assessment tool for both summative and formative learning
assessment. Features include:
-
Creation of
unlimited student learning matrices for program- or campus-level
learning outcome assessment (Each axis includes attributes defined
by the program/campus.)
-
Ability for
students to upload their learning outcomes according to predefined
rubrics
-
Access by
faculty and academic advisors to each student learning matrix for
assessment, advisement, and certification
-
Program- and
campus-level assessment reports for internal and external
accreditation reviews
-
A hosted
Web-based solution that requires no institutional IT support
The annual
Student Learning Matrix membership fee is based on the number of students in
the program or institution.
Click here
for more information and online membership application.
Global Learning System (GLS)
Epsilen offers the Global
Learning System (GLS), a new Web-based learning framework developed as the
next generation of eLearning and networking. In contrast to current legacy
learning management systems, the GLS offers true global learning
collaboration by connecting students and instructors on campuses in the U.S.
and around the world in an interactive and intuitive Web 2.0 learning
environment. The GLS complements existing licensed or open source CMS
products. The GLS features include:
- Global learning
management system that enables students and instructors to easily
register or be invited to courses and learning collaboration
- Cross listing of
class rosters of two or more courses within various campuses, or across
institutions
- Innovative tools
using professional and social networking to enhance learning, encourage
collaboration, and utilize peer review technology
- The ability to
easily archive courses and working groups for continued engagement
- A hosted
Web-based solution that requires little, or no institutional IT support
The annual GLS membership fee is based on the
number of students and courses within the institution.
Click here for
more information and online membership
application.
Charter Membership
Experience the
full suite of the Epsilen “Environment” and resources with unparalleled
access to NYTKnowledge Network content. Charter members receive special
pricing for unlimited use of ePortfolios, the Student Learning Matrix,
courses through the Global Learning System, and interactive Webcasts with
correspondents. With charter membership, two university administrators will
be invited to participate in the Epsilen - New York Times charter
council, with meetings and events scheduled at The New York Times.
Benefits include:
-
Single sign-on
environment featuring a toolbox of services for ePortfolio, social
networking, Learning Matrix, GLS, object repository, and
NYTKnowledge Network
-
Totally hosted
turnkey solution with no need for local servers or local technical
staff
-
Cost
effectiveness for both small and large campuses
-
Collaboration on
designing the next generation of eLearning through networking with
other members of the Epsilen - New York Times charter council
The Epsilen Charter membership fee is
based on the total number of students within the institution.
Click here for
more information and online membership
application.
Technical Support and
System Integration
Epsilen offers consulting and technical
support through both internal and third-party sources for the integration of
Epsilen with local campus databases and existing licensed technology. This
provides a seamless, single sign-on, portal approach to all resources and
services supporting the learning and teaching initiatives of a campus.
Click Here for
more information and online membership
application.
I maintain a site on the history of course authoring and course management
technology at
http://www.trinity.edu/rjensen/290wp/290wp.htm
I maintain a site on tools and tricks of the trade at
http://www.trinity.edu/rjensen/000aaa/thetools.htm
"Blackboard Announces Free Tool to Interconnect Its Software With Moodle,
an Open-Source Competitor," by Jeffrey R. Young, Chronicle of Higher
Education, October 28, 2008 ---
Click Here
Blackboard has taken another step toward making the
next version of its course-management system work alongside open-source
competitors. The company announced today that it is working with Iowa State
University to create a software plug-in for the company’s course-management
system so that it can integrate with Moodle, a popular open-source
alternative. The move comes just three months after the company announced
the
creation of a similar connection tool for Sakai,
another open-source course-management system.
The new software tool, called the Learning
Environment Connector for Moodle, will let students access course Web sites
created with Moodle from within the Blackboard software interface. The goal
is to let students see all of their course information in one space,
regardless of which software was used to produce the Web pages. “They’ll
have a single place to sign on to get to our Blackboard presence and our
Moodle presence,” said Randal Dalhoff, assistant director of academic
technologies for Iowa State University’s Information Technology Services, in
an interview.
The tools are designed to work with the next
versions of the company’s software, which it is calling Blackboard NG, for
next generation. College officials expect the first of those versions to
come out early next year, although Blackboard officials have not announced a
release date. Iowa State has been given an early copy of Blackboard’s
forthcoming software so that its programmers could build the tool. Mr.
Dalhoff said the university would give the Connector software free to any
college that wants it.
He said Blackboard officials had asked the
university earlier this year if it would be interested in taking on the
project, and university officials decided to do so. “To me it’s the thrill
of putting something together, and as programmers we thought this would be a
fun project to do,” he said.
Some colleges have expressed skepticism at
Blackboard’s move to link with open-source platforms, in part because of the
aggressive tactics the company has taken against commercial competitors. The
company successfully sued one of those competitors, Desire2Learn, for for
violating Blackboard’s patent on a system of delivering course materials
online, though some college officials feel the patent is overly broad. The
patent office is reviewing whether the patent was issued properly, which
depends in part on whether other colleges or companies were already using
similar technology before Blackboard filed for its patent.
“I’m not a Blackboard advocate, but I’m not a
Blackboard putter-downer either,” said Mr. Dalhoff. “We’re not tied to
Blackboard. If some day something really came out that is better, or prices
got out of range, who knows what we might do?”
A couple of departments at the university already
use Moodle, he said, even though the central IT department does not
officially support it. Most professors at the university use Blackboard.
No one course-management system is best for every
department or for every professor, said Mr. Dalhoff. “Having a choice will
be better for campuses than really settling on one.”
Bob Jensen's threads on Blackboard are at
http://www.trinity.edu/rjensen/Blackboard.htm
"Cambridge Survey Finds
That 49% of Students Have Plagiarized," by
Lawrence Biemiller, Chronicle of Higher Education, November 3, 2008 ---
Click Here
Half the students at the University of Cambridge
have plagiarized, according to results of a survey by
Varsity,
a student newspaper at the university.
The newspaper said its survey had attracted 1,014
respondents, of whom 49 percent said they had committed at least one act
defined by the university as plagiarism. The list of forbidden acts
included: handing in someone else’s essay; copying and pasting from the
Internet; copying or making up statistics, code, or research results;
handing in work that had been submitted previously; using someone else’s
ideas without acknowledgment; buying an essay; and having an essay edited by
Oxbridge Essays,
a company that provides online essay services. Five
percent of those who admitted having plagiarized said they had been caught.
Some students were surprised to find that what they
thought were innocuous academic acts had landed them in the plagiarist
category. “Of course I use other people’s ideas without acknowledging them,
but I didn’t think that this made me a plagiarist,” one student said.
But others admitted copying or buying work “when I
am late with an essay or finding it difficult.” Law students, the newspaper
said, broke the rules most often, with 62 percent admitting that they had
plagiarized. Four percent of students surveyed said they had written for
Oxbridge Essays.
Comments
Yes, and 100% of civil rights leaders named Martin
Luther King, Jr., have also plagiarized. And 100% of writers named Doris
Kearns Goodwin have plagiarized. And 100% of vice-presidential candidates
named Joe Biden have plagiarized. These students are in good company. Maybe
we should educate them rather than haul them before a firing squad, as too
many professors want to do.
— gl Nov 1, 08:22 PM #
I agree with gl, it seems a bit harsh to haul
anyone anywhere, much less before a firing squad, until we have delved into
the depth of the training students receive about the rigors of attribution.
(Hint: scandalously little)
The internet with all its advances did bomb us back
to the intellectual property stone age with the conspicuous absence of paper
trails for the materials one can find within a click or two of beginning
research.
The other part of the problem, and I am ready to be
placed before the firing squad for this comment, professors (especially at
the undergraduate level) do not put enough thinking into the construction of
their essay questions. And to make matters worse, they use the same old
tired questions year in decade out. So let’s look at our role in
perpetuating this obnoxious problem and criminal waste of time on both
sides.
Newsflash, profs! Life is short. Why spend your
precious discretionary time playing cops and robbers with your students?
— BC PROF Nov 1, 11:42 PM #
Using a service like Turnitin.com helps to reduce
plagiarism quite a bit because even if the students don’t have a high
likelihood of getting caught, they know that they are really taking a big
risk if they try to fool the system. If students know there’s a good chance
they’ll get caught, they will not engage in plagiarism. Some professors
would rather spend their leisure time with their families or doing their own
research rather than chasing down sources of plagiarism. Use the tools to
help you catch cheaters so you can have more time for your own life.
— MEH Nov 2, 02:16 PM #
Of course if I discover that a student has
committed plagiarism, I take the steps that are prescribed by the honor code
at my university. But I did not become a teacher to spend my time enforcing
such codes. If a student cheats and receives a grade that he doesn’t
deserve, he is the poorer for it. We have this idea that cheaters are
robbing someone else of something valuable, and therefore that we ought to
act to stop them or to punish them. It is not so difficult to see that
plagiarists are only cheating themselves. They pay the very high price of
not learning what they might have learned under their own lights, and to my
mind that is penalty enough.
— SK Nov 2, 02:49 PM #
MEH, the time you save with turnitin.com is lost
when you catch a cheater, because you yourself become a cheater if you don’t
report the honor violation (rather than handle it privately, which most
campuses frown upon). So assuming you’re as honest as you expect your
student to be, you’re sucked into the whole lengthy honors process, with
forms and hearings and meetings and eventually the wish that you had not
been so persnickety.
I think the plagiarism situation is easy to avoid
if you assign paper topics based on very recent events about which nothing
could have been already written. Or, as I do, require first drafts of nearly
completed works, a couple weeks before the real due date, with which you can
issue warnings framed in face-saving
look-what-you-forgot-you-cite-or-enclose-in-quotation-marks language. They
get the message you’re tough, especially if you threaten reporting an honors
violation if the supposed error is not corrected, and you spend even more
time with your own life.
— gl Nov 2, 03:04 PM #
gl
I think the plagiarism situation is easy to avoid
if you assign paper topics based on very recent events about which nothing
could have been already written.
right, I am sure that is feasible in history of
philosophy classes. Second Idea was much more reasonable.
— jon Nov 2, 08:54 PM #
The key is what the students perceive as cheating.
If using someone else’s ideas without acknowledging it is cheating, then we
are all cheaters. The kids come in to college 17 years old and dumb. They
sit in lectures, read books, talk to classmates and faculty, and hear all
kinds of new ideas. How can they ever acknowledge where all those ideas came
from? How can they even remember when the ideas were first planted and by
whom?
Similarly, good writing involves sharing ideas with
other students, revising and proofreading. That violates the honor code
standard of “doing your own work.” We create a catch-22 when we demand high
quality work but strictly prohibit some of the methods that are essential
for good learning. And even if we don’t “strictly” prohibit appropriate
collaboration, not all students know where the line is. Consequently, some
students will identify themselves as cheaters, even though the type of help
they get on their assignments is acceptable.
And in my field, it is pretty common for students
to forget to write down some detail of their source information, and at the
last minute have to fudge the works cited. Technically it is fabrication,
and the students know it. It would be embarrassing to publish a error-filled
works cited. But in the end it is too trivial to worry about.
All these kinds of cases drive up the number of
self-identified cheaters. It isn’t worth faculty worrying out.
— Shar Nov 3, 12:33 AM #
As others have noted, the extensive use of
plagiarism requires an educational solution. I commend to you an excellent
article by Eleanour Snow who describes (and links to) a number of
institution-wide web tutorials designed to teach students about plagiarism.
You can view the article at http://innovateonline.info/index.php?view=article&id=306&action=article
(requires free subscription).
James L. Morrison Editor-in-Chief, Innovate
Jensen Comment
There's serious doubt that Vladimir Putin even read his own thesis.
It's not clear that Vladimir Putin even read his own thesis
Large parts of an economics thesis written by President
Vladimir Putin in the mid-1990s were lifted straight out of a U.S. management
textbook published 20 years earlier, The Washington Times reported Saturday,
citing researchers at the Brookings Institution. It was unclear, however,
whether Putin had even read the thesis, which might have been intended to
impress the Western investors who were flooding into St. Petersburg in the
mid-1990s, the report said. Putin oversaw the city's foreign economic relations
at the time.
"Putin Accused of Plagiarizing Thesis," Moscow Times, March 27, 2006 ---
http://www.themoscowtimes.com/stories/2006/03/27/011.html
Jensen Comment
What's interesting about this news item is that it was published in Moscow. This
would not have happened in the old Soviet Union.
Martin Luther King Jr. has been accused of widespread plagiarism, including
parts of his doctoral thesis ---
http://www.martinlutherking.org/thebeast.html
Other celebrity plagiarists ---
http://www.cfif.org/htdocs/freedomline/current/in_our_opinion/plagiarism.htm
Since I have such a huge number of
documents at my Website, I often wonder what kinds of grades I'm getting
around the world ---
http://www.trinity.edu/rjensen/threads.htm
November 3, 2008 reply from Guest, Paul
[paul.guest@CRANFIELD.AC.UK]
Having taught accounting at Cambridge for several
years, I believe that these high plagiarism figures are of no relevance to
any accounting courses taught there.
I would guess that the high figures are likely due
to the unique college tutorial system at Cambridge University (along with
Oxford and a few others) where undergraduate students attend frequent
(usually biweekly) small group tutorials in addition to lectures. Students
are often required to write essays for these tutorials under very tight time
constraints. The high plagiarism figures are likely driven by undergraduates
trying to finish essays by these deadlines. The students don't benefit from
such cheating. Although the essays are marked they do not count towards a
final grade, and any under-prepared students are usually exposed as such in
the tutorials. [For accounting tutorials, essays are very rarely set, and
instead students are required to work through a previously unseen question.]
Paul Guest
Cranfield School of Management
Then in a second message Paul wrote the following:
I agree, cheating students won't learn much about
the assigned material if they cheat. However, under the Cambridge and Oxford
(tutorial & written assignment) system (
http://en.wikipedia.org/wiki/Tutorial_system , cheating
students are much more likely to be caught at an early stage when the
consequences are much less severe (since written assignments do not
contribute to final grades). The cheating can therefore be dealt with
informally and with a light touch by a tutor who is close to the student, so
lessons can be learned with no lasting damage. Especially important when
many cases of plagiarism appear to arise from ignorance.
Also, assignment writing for tutorials at Cambridge
is optional. Undergraduate students can choose not to produce written
assignments for tutorials (or simply not turn up to them). However, by not
participating they are foregoing the most important learning experience at
Cambridge. The tutorial and written assignment system is the fundamental
pedagogic difference between Cambridge and other universities and a key
reason why Cambridge has been so successful. It is worth £2000 per year for
each undergraduate student (previously paid by the government but not any
longer as of this year
http://www.guardian.co.uk/education/2005/oct/14/highereducation.universityfunding
). Students are very aware of this and very rarely
miss supervisions or fail to submit written assignments.
From my experience in teaching these supervisions
(I also taught economics and finance for which essays were assigned) I dont
believe that plagiarism is rampant. Instead I interpret the high figures
along the lines suggested by Dave Albrecht, that although 49% of students
have plagiarised at some point, each student has done it very rarely.
By the way, a huge thankyou from across the pond to
you and the other contributors to this list, and for the great material on
your website.
Paul Guest
Bob Jensen's threads on plagiarism ---
http://www.trinity.edu/rjensen/Plagiarism.htm
We don’t know how soon it will happen, but it is
happening and it will be consummated soon. The commodity of the book, as we
have known it for the last few decades, is vanishing and being replaced by
new electronic media. Paper-and-binding books have irrevocably begun to fade
away as products of mass consumption and will soon transform themselves into
curios like vinyl records. The age of the massive emporium bookstore is
coming to an end under the crushing, virtual weight of the Internet.
Amazon’s Kindle e-book reader is doing well and it promises to get better
and cheaper in the future. Textbook companies have developed publishing
platforms, like
www.ichapters.com, for textbooks to be digitally
delivered to students through a price-per-chapter system. And worst of all,
if you’re a paper-and-binding book lover such as myself, people are reading
less paper than before.
In the diverse, mostly Latino first generation
student population that I teach, responses to the paper-and-binding book are
often mediated by practical economics. A few years ago I assigned Antonio
Skármeta’s beautiful, hardcover children’s book about dictatorship,
The Composition, to a Latin American
literature class. The Spanish edition I assigned cost about $25, which I
didn’t consider to be too much, especially because the total cost for all
the books in my class was under $70. All but one of the books I assigned
were books that I thought were beautiful as artifacts and as stories. These
books, I believed, would command students’ minds and hearts to such a degree
that students would want to keep them after the class was over. Most of all,
Skarmeta’s book, with its color illustrations and poignant lessons about
life and death issues was a book that I was excited to teach to my students.
When we got to discussing the book in class, several of my students did not
have the book, only black and white photocopies because they could not or
did not want to buy the book. I felt a strange mix of powerlessness,
disappointment and distance. I had conscientiously made my class inexpensive
compared to other classes, but it was not inexpensive enough.
Lest you think that this was an isolated situation,
a few examples from one of my current classes come to mind. I have one
student who has not bought any of the books on the syllabus because he reads
the 19th-century classics I have assigned off of the Internet on his laptop,
which he brings to class for discussions. Another student has already begun
returning the books we’ve read in class so far, after confirming that they
would not be covered in the final exam. A third student, a talented and
curious young man who arrives to class with an ipod plugged into his ears,
is a graduating senior who had never read a novel before my class. They are
all bright, responsible and hard-working students but they are not consumers
of books. This is also reflected in the reaction that dozens upon dozens of
students have had upon entering my office over the years and noticing my 5
or 6 huge bookshelves full of books. They ask: “Have you really read
all of these books?” Which sometimes leads to an interesting conversation
about my library, in which I explain which parts are my teaching reference
and which parts are the books that I’ve read cover to cover.
The fate of the book in the university classroom is
impacted by many factors: the use of instructional technology, the economics
of textbook publishing and the pedagogical idiosyncrasies of professors, who
either promote the disappearance of the paper-and-binding book or try to
reinforce its value in the classroom. Let’s look at each one of these
factors for a moment. Naturally, in some contexts and disciplines, it is
relatively easy to teach a class without books thanks to the wealth of
realia and sources on the Web, whether they be freely available, or
available through institutionally subscribed databases. In fact,
I find great material online and value its role in
my courses. I think that we can agree that some material may be best taught
off of the Internet.
The economics of textbook publishing is a little
bit more complicated and ties in with the surprising choices some faculty
members make as teachers. The bottom line is that a lot of textbooks are
just too expensive for what you get. There are certain kinds of textbooks,
ubiquitous in certain disciplines, that have become monsters of paper and
color, a carnival of colored insets and attention-getting graphic design and
layout. They are alternately exciting or stupid, but always exhausting.
Worst of all, they are dreadfully disposable. The dizzying rate at which one
edition substitutes another so that a publisher can make a profit or stay in
business makes these books as valuable and as enduring as colored
photocopies. This wasteful, pathetic cycle is the best argument for doing
away with over-saturated textbooks altogether and going to an online,
subscription model.
Other textbooks are more modestly priced and
dispense with the graphic fireworks and multiple editions. These thoughtful
anthologies or edited volumes are reasonably priced and straddle the border
between textbook and stand-alone book. You can see their classroom
application immediately but you can also see these books sitting on a public
or university library shelf, and yes, even resting on your average reader’s
night table. These books are the innovative work of professors, not a
corporate marketing team, and are designed for other professors to use in
their classes. Although reasonably priced, you would be mistaken to think
that all professors value such books. Many professors will spend countless
hours putting together elaborate and voluminous course packets of
photocopies for classroom use (I used to be one of them). And now, it is
more frequent for technologically minded teachers to file-share large
numbers of PDFs through password protected sites on campus. This is so wrong
it hurts. We are killing our own chances to have readers in the future or be
remunerated for the scholarship we do. It’s not only about the modest
royalties that faculty authors may or may not receive, it’s about the
principle of valuing each other’s scholarship and editorial work. I order
good, attractive and useful paper-and-binding books or textbooks for my
classes because I want there to be a system in place to support my work as
an author and editor in the future.
If the paper and binding book vanishes as a
dominant commodity, as it seems to be, maybe the new virtual system of book
distribution, reproduction and delivery will allay some of the problems I
describe in relation to photocopies and PDFs. It is becoming increasingly
easier to put together affordable ‘readers’ or anthologies culled from
existing print material without bypassing rights and fees and without
overloading students with unnecessary expense. If this wave of the future
takes hold and becomes the new standard in textbook publishing, I think it
will be good for all parties involved. But what about the paper-and-binding
book? Say you are teaching David Copperfield by Charles Dickens and
you had a choice between an excellent paper-and-binding edition by a major
academic press, with useful footnotes and front matter, and an electronic
edition that students could download to their handy e-book readers, along
with selected secondary articles you have selected for them to read? What if
their e-book readers had a stylus and/or a network that enabled the class to
annotate those assigned texts, and share them over the class network? I
don’t think anyone’s nostalgia for paper-and-binding can replace the
pedagogical value of my not-so-fanciful or far-fetched e-book scenario.
And yet I am sad about the fading of the
paper-and-binding book and I am not going into the good night without
putting up a good fight. I am committed to making the cost of my assigned
books affordable. I order my books with care and I try to use them in their
entirety, so that students get affordable books that are actually used in
the class. This does not mean that I limit myself. I do use the occasional
supplement (or two or three) and I share with my classes my disagreements
with the books or textbooks that I am using. I continue to pick books that I
believe are worth keeping and treasuring, both for the words they contain
and for their tactile beauty as works of art and design. I want the books
that my students hold in their hands to have the heft of what is important
and of what is beautiful. I want that student who never read a novel before
my class to value the physicality of the reading a paper-and-binding book.
This endangered act, after all, will connect him to a centuries-old,
vanishing tradition that has touched the lives of millions and altered the
course of history on many occasions. That’s just too good to pass up.
Bob Jensen's threads on electronic books are at
http://www.trinity.edu/rjensen/ebooks.htm
Bob Jensen's threads on available online books are at
http://www.trinity.edu/rjensen/ElectronicLiterature.htm
A law professor at Harvard University has filed a
counterclaim against the Recording Industry Association of America, arguing
that a statute it is using to sue Joel Tenenbaum, a student at Boston
University, is unconstitutional,
Computerworld reports.
The RIAA had sued Mr.
Tenenbaum for violating the Digital Theft Deterrence and Copyright Damages
Improvement Act of 1999 — by allegedly copying and distributing copyrighted
songs. But according to the law professor, Charles Nesson, that criminal
statute cannot be applied to a civil case in federal court.
Mr. Nesson is challenging both the
RIAA’s use of the law and the law itself. It gives
the RIAA prosecutorial authority and “unbridled
discretion” to sue millions of people, he argues, according to
Computerworld.
This challenge to the RIAA,
the magazine says, is broader than many recent ones that focus on the
group’s means of gathering evidence against alleged pirates.
Bob Jensen's threads on the dreaded DMCA are at
http://www.trinity.edu/rjensen/000aaa/theworry.htm
Bentley College Students Will Make Microloans to Small Businesses
Perhaps this is also an opportunity for accounting students to advise loan
recipients on accounting, software, and taxes. There is precedent here for
students in colleges that used to administer Small Business Administration
grants. Years ago at the University of Maine I supervised some students who in
turn were assisting grant recipients with accounting. In one humorous instance,
the students could not find the recipients. The SBA had given a grant to a
startup company to make patio furniture in much the same manner as birch-bark
canoes are made using ash wood and birch bark. Once the recipients got the money
for their chain saws and trucks, they were nowhere to be found. Turns out all
they wanted the money for was to help them steal wood to sell to the paper
companies. Such will also be the risk of microlending by college students.
"Bentley University Class Creates Local Microfinance Fund," Market Watch,
October 28, 2008 ---
Click Here
New Student-Run Initiative Brings Microlending to
the Greater Boston Area An honors finance class at Bentley University has
paved the way for an innovative financing initiative: a domestic microcredit
organization that will fuel economic and community development by providing
loans of $1,500 to $6,000 to local entrepreneurs at or below the poverty
level.
The Bentley Microcredit Initiative (BMI) is the
result of a course, Seminar in Micro Lending, which debuted in spring 2008.
The mission of the BMI is to integrate microfinance into the Bentley
community and to promote community development through education and
innovation in microlending activities. The class and the BMI are the
brainchild of Finance Professor and BMI Director Roy Wiggins. "The fund is
something I really thought could be viable here at Bentley," says Wiggins.
"Since it's student-run, it will provide hands-on banking experience while
also furthering the Bentley mission to send future business leaders into the
world who are socially responsible."
Microcredit or microlending refers to modest-sized
loans for poverty-level recipients who may not qualify for funds at
traditional financial institutions. The practice gained public attention in
2006, when Grameen Bank and its founder, Muhammad Yunus, received the Nobel
Peace Prize for their work in microfinance.
Students enrolled in Seminar in Micro Lending
developed a working model for the BMI after researching microfinance
successes and failures both abroad and domestically to create a framework
that could operate in Greater Boston. The fund is being financed by
donations from alumni and parents and has an initial equity line of $100,000
on its way to a total loan portfolio of $300,000. The Bentley Microcredit
Initiative will identify potential loan applicants by tapping into existing
Bentley relationships with community organizations. "One of the attractive
things about this venture is that it will be utilizing Bentley's academic
resources," says Bentley President Gloria Larson. "We are essentially
marrying Bentley's foundation in service and business to help address a
societal issue. We hope the Microcredit Initiative will become a part of
Bentley's legacy." BENTLEY UNIVERSITY is a leader in business education.
Centered on teaching and research in business and related professions,
Bentley blends the breadth and technological strength of a university with
the core values and student focus of a close-knit campus.
SOURCE Bentley University
Bob Jensen's threads on tricks and tools of the trade are at
http://www.trinity.edu/rjensen/000aaa/thetools.htm
Here’s something
that may be useful when assessing a doctoral program. Note to key items listed
near the end of the document.
Provosts around the country are anticipating — and
some are surely dreading — the long afternoons when they will go over
national rankings data for their graduate departments. No later than this
winter, after many delays, the National Research Council plans to release
its assessments of American doctoral programs.
Student-faculty ratios, time to degree, stipends,
faculty research productivity, and citation counts: Those numbers and many
others will be under national scrutiny.
But one university couldn't wait. Last year,
prodded by anxious faculty members worried about low Ph.D. production, Ohio
State University conducted a thorough review of its doctoral programs,
drawing heavily on data that its departments had compiled for the council's
questionnaire. The Ohio State experience provides a window on what may be
coming nationally.
The evaluations had teeth. Of the 90 doctoral
programs at Ohio State, five small ones were tagged as "candidates for
disinvestment or elimination": comprehensive vocational education (a
specialty track in the college of agriculture), soil science, welding
engineering, rehabilitation services, and technology education. Another 29
programs were instructed to reassess or restructure themselves.
Some programs got good news, however. Twenty-nine
that were identified as "high quality" or "strong" will share hundreds of
thousands of dollars in new student-fellowship subsidies.
Many faculty members say the assessments provided a
long-overdue chance for Ohio State to think strategically, identifying some
fields to focus on and others that are marginal. But the process has also
had its share of bumps. The central administration concluded that certain
colleges, notably the College of Biological Sciences, were too gentle in
their self-reports. And some people have complained that the assessments
relied too heavily on "input" variables, such as students' GRE scores.
Despite those concerns, the dean of Ohio State's
Graduate School, Patrick S. Osmer, says the assessment project has exceeded
his expectations. He hopes it can serve as a model for what other
institutions can do with their doctoral data. "The joy of working here," he
says, "is that we're trying to take a coordinated, logical approach to all
of these questions, to strengthen the university."
A Faculty Mandate
The seeds of the assessment project were planted in
2005, when a high-profile faculty committee issued a report warning that
Ohio State was generating proportionally fewer Ph.D.'s than were the other
Big Ten universities. "The stark fact is that 482 Ph.D. degrees ... granted
in 2003-4 is far below the number expected from an institution the size and
(self-declared) quality of OSU," the report read. (The 482 figure excluded
doctorates awarded by Ohio State's college of education.) At the University
of Wisconsin at Madison, for example, each tenure-track faculty member
generated an average of 0.4 Ph.D.'s each year. At Ohio State, the figure was
only 0.267.
The committee recommended several steps: Give the
central administration more power in graduate-level admissions. Organize
stipends, fellowships, and course work in ways that encourage students to
complete their doctorates in a timely manner. Stop giving doctoral-student
subsidies to students who are likely to earn only master's degrees. And
distribute subsidies from the central administration on a strategic basis,
rewarding the strongest programs and those with the most potential for
improvement.
"One thing that motivated all of this," says Paul
Allen Beck, a professor of political science and a former dean of social and
behavioral sciences at Ohio State, "was a feeling that the university had
not invested enough in Ph.D. education. Our universitywide fellowships were
not at a competitive level. We really felt that we should try to do a better
job of concentrating our university investments on the very best programs."
Ohio State officials had hoped to use the National
Research Council's final report itself for their evaluations. But after its
release was postponed for what seemed like the sixth or seventh time, they
moved forward without it.
In September 2007, Mr. Osmer asked the deans of
Ohio State's 18 colleges to report data about their doctoral students'
median time to degree, GRE scores, stipends, fellowships, job-placement
outcomes, and racial and ethnic diversity.
Many of those numbers were easy to put together,
because departments had compiled them during the previous year in response
to the council's questionnaire. But job placements — a topic that will not
be covered in the NRC report — were something that certain Ohio State
programs had not previously tracked.
"This was a huge new project for us and for some of
our departments as well," says Julie Carpenter-Hubin, director of
institutional research and planning. "But simply going around and talking to
faculty took care of most of it. It's really remarkable the degree to which
faculty members stay in touch with their former doctoral students and know
where they are. I think we wound up with placement data for close to 80
percent of our Ph.D. graduates, going 10 years back."
Defending Their Numbers
The reports that Ohio State's colleges generated
last fall contained a mixture of quantitative data — most prominently GRE
scores and time-to-degree numbers — and narrative arguments about their
departments' strengths. The College of Social and Behavioral Sciences, for
example, noted that several recent Ph.D.s in economics, political science,
and psychology had won tenure-track positions at Ivy League institutions.
When they had to report poor-looking numbers,
departments were quick to cite reasons and contexts. The anthropology
program said its median time to degree of 7.3 years might seem high when
compared with those of other degree courses, but is actually lower than the
national average for anthropology students, who typically spend years doing
fieldwork. Economics said its retention-and-completion rate, which is less
than 50 percent, might look low but is comparable to those in other highly
ranked economics departments, where students are often weeded out by
comprehensive exams at the end of the first year.
In April 2008, a committee appointed and led by Mr.
Osmer, the graduate-school dean, digested the colleges' reports and issued a
report card, ranking the 90 doctoral programs in six categories. (See table
on following page.)
The panel did not meekly accept the colleges'
self-evaluations. The College of Biological Sciences, for example, had
reported that it lacked enough data to draw distinctions among its programs.
But the committee's report argued, among other things, that the small
program in entomology appeared to draw relatively little outside research
support, and that its students had lower GRE scores than those in other
biology programs. (Entomology and all other doctoral programs in biology
were among the 29 programs that Mr. Osmer's committee deemed in need of
reassessment or restructuring.)
The report's points about entomology — and about
the general organization of the college — were controversial among the
faculty members, says Matthew S. Platz, a professor of chemistry who became
interim dean of biological sciences in July. But faculty members have taken
the lead in developing new designs for the college, he says, to answer many
of the central administration's concerns.
"I'm delighted by the fact that at the grass-roots
level, faculty members have been talking about several types of
reorganization," Mr. Platz says. "And I'm hopeful that two or three of them
will be approved by the end of the year."
'Unacceptably Low Quality'
The five doctoral degrees named as candidates for
the ax have also stirred controversy.
Jerry M. Bigham, a professor of soil science and
director of Ohio State's School of Environment and Natural Resources, says
he was disappointed but not entirely surprised by the committee's suggestion
that his program could be terminated. The soil-science program has existed
on its own only since 1996; before that it was one of several
specializations offered by the doctoral program in agronomy.
"In essence, we've had students and faculty members
spread across three programs," he says. So he understands why the university
might want to place soil sciences under a larger umbrella, in order to
reduce overhead and streamline the administration.
At the same time, he says, several people were
offended by the Osmer committee's blunt statement that soil-science students
are of "unacceptably low quality."
The panel's analysis of the students' GRE scores
was "just a snapshot, and I think it really has to be viewed with caution,"
Mr. Bigham says. "Even though we're a small program, our students have won
university fellowships and have been recognized for their research. So I
would really object to any characterization of our students as being weak."
The final verdict on the five programs is
uncertain. The colleges that house them might propose folding them into
larger degree courses. Or they might propose killing them outright. All such
proposals, which are due this fall, are subject to approval by the central
administration.
Jason W. Marion, president of the university's
Council of Graduate Students, says its members have generally supported the
doctoral-assessment project, especially its emphasis on improving stipends
and fellowships. But some students, he adds, have expressed concern about an
overreliance on GRE scores at the expense of harder-to-quantify "output"
variables like job-placement outcomes.
Mr. Osmer replies that job placement actually has
been given a great deal of weight. "Placing that alongside the other
variables really helped our understanding of these programs come together,"
he says.
At this summer's national workshop sessions of the
Council of Graduate Schools, Mr. Osmer was invited to lecture about Ohio
State's assessment project and to discuss how other institutions might make
use of their own National Research Council data. William R. Wiener, a vice
provost at Marquette University who also spoke on Mr. Osmer's panel, calls
the Ohio State project one example of how universities are becoming smarter
about assessments.
"Assessments need to have reasonable consequences,"
Mr. Wiener says. "I think more universities realize that they need to create
a culture of assessment, and that improving student learning needs to
permeate everything that we do."
Mr. Beck, the former social-sciences dean at Ohio
State, says that even for relatively strong departments — his own
political-science department was rated "high quality" by Mr. Osmer's
committee — a well-designed assessment process can be eye-opening.
"These programs just kind of float along, guided by
their own internal pressures," says Mr. Beck. But "the departments here were
forced to take a hard look at themselves, and they sometimes saw things that
they didn't like."
|
HOW
OHIO
STATE U. RATES DOCTORAL PROGRAMS Until recently, Ohio
State University used a simple, quantity-based formula to distribute
student-support money to its doctoral programs. In essence, the more
credit hours taken by students in a program each quarter, the more
money the program collected. But last year the university introduced
quality-control measures. It used them to make choices about which
programs to invest in — and, more controversially, which ones to
eliminate.
Measures used:
- Students' time to
degree Students' GRE scores
- Graduates' job
placements, 1996-2005 Student diversity
- The program's share
of Ph.D. production (both nationally and among Ohio State's
peers)
- "Overall program
quality and centrality to the university's mission"
Resulting ratings:
- High quality: 12 programs
- Strong: 17 programs
- Good: 16 programs
- New and/or in transition; cannot be fully
assessed: 11 programs
- Must reassess and/or restructure: 29
programs
- Candidates for disinvestment or
elimination: 5 programs
What the ratings mean:
- Programs rated "high quality" and "strong"
will share new funds from the central administration for
graduate-student stipends.
- "Good" programs have been asked to make
improvements in specific areas. Their support will not
significantly change.
- Colleges with doctoral programs that were
deemed in need of reassessment or restructuring were asked to
submit new strategic plans this fall. Those plans are subject to
approval by Ohio State's provost.
- The new strategic plans will also deal
with programs deemed candidates for disinvestment or
elimination. Those programs might be folded into larger degree
courses, or killed outright.
|
Bob
Jensen's threads on assessment are at
http://www.trinity.edu/rjensen/assess.htm
Maple's Document Management System
October 30, 2008 message from Scott Bonacker
[lister@BONACKERS.COM]
This came as part of a
subscription to a technology newsletter, I haven't tried this product
myself. Scott Bonacker CPA, Springfield, MO]
As an
IT professional,
chances are good that you have lots of detailed
information that you have to keep track of in order to do your job
effectively and efficiently. You probably have a multitude of documents
stored in a multitude of folders on your hard disk. Using a series of
documents and folders to store all your information is a pretty logical way
of doing things, especially when used in combination with
Vista’s Search tool and Saved searches
feature, keeping track of all that information is pretty easy. However, it
could be better — especially if all that information could be made available
in one place.
Well, I recently discovered a very nice document
manager called Maple from
Crystal Office
Systems that runs perfectly on Windows
Vista and produces what is essentially a document database. In this edition
of the
Windows Vista Report, I’ll introduce you to
Maple and show you how to use it manage your document collection.
This blog post is also available in the PDF
format in a
TechRepublic Download.
Getting Maple
You can download Maple from the
Crystal Office
Systems Web site. Once you download it,
installation is a snap and you’ll be ready begin creating you custom
document database in no time. You can download and try Maple for 30 days at
no cost. A single-user license is $21.95.
When you access the Crystal Office Systems Web
site, you’ll also notice that there is another version of this document
manager called Maple Professional, which provides a set of advanced
features. You’ll also find free reader called Maple Reader that will allow
other users to view any document database created with either Maple or Maple
Professional.
Read the rest at
http://blogs.techrepublic.com.com/window-on-windows/?p=802&tag=rbxccnbt
A CPA Auditor in Deloitte Commits Felony Fraud Over Years of Managing
Audits
Question
How should his fraud be disclosed on a victim's financial statements?
October 31, 2008 message from Dennis Beresford
[dberesfo@terry.uga.edu]
Deloitte Says Partner Traded Illegally
WILMINGTON, DEL. (CN) -
Deloitte & Touche says a 30-year partner traded on inside information he
got from audits, and lied about it for years. It sued Thomas P. Flanagan
in Chancery Court. Flanagan "for 30 years was a partner" in Deloitte &
Touche or a predecessor "until his abrupt resignation less than two
months ago," Deloitte claims. It says he betrayed his trust and violated
company policy by trading in securities of audit clients, including some
of his own accounts, since 2005. "Compounding his wrongdoing, Flanagan
repeatedly lied to Deloitte about his clandestine trading activities in
annual written certifications, going to far as to conceal the existence
of a number of his brokerage accounts to avoid detection of his improper
conduct," Deloitte says. It says that both Deloitte and its clients have
had to pay legal costs to investigate Deloitte's ability to continue as
independent auditor, due to Flanagan's shenanigans. It seeks monetary
damages. The complaint does not state, or estimate, how much Flanagan
made from his alleged inside trades. Deloitte says that it still does
not know the extent of them. Deloitte & Touche is represented by Paul
Lockwood with Skadden Arps.
http://www.courthousenews.com/2008/10/30/Deloitte_Says_Partner_Traded_Illegally.htm
October 31, 2008 message from Dennis Beresford
[dberesfo@terry.uga.edu]
Bob,
Here's a little more information. This is from the most recent 10-Q for
USG. I understand that similar approaches were used in the other cases where
this occurred.
Note that the person in question was the "advisory partner" rather than
engagement partner or concurring partner. Most of the large firms use senior
partners in a similar "relationship management" way. So the person wouldn't
necessarily have been involved in detailed auditing or review, but he might
have been involved if there were significant judgmental issues that the
engagement team needed to resolve. In this case it looks like D&T decided
that wasn't the case.
Denny
ITEM 5. OTHER INFORMATION
Since 2002, Deloitte & Touche LLP has served as the independent registered
public accountants with respect to our financial statements. In September
2008, Deloitte advised us that they believed a member of Deloitte’s client
service team that serves us had entered into two option trades involving our
securities in July 2007. This individual had served as the advisory partner
on Deloitte’s client service team for us from 2004 until September 2008. The
advisory partner is no longer an active partner at Deloitte. Under the
Deloitte client service model as we understand it, the role of an advisory
partner is primarily to serve in a client-relationship maintenance and
assessment role. Securities and Exchange Commission rules require that we
file annual financial statements that are audited by registered independent
public accountants. SEC rules also provide that when a partner serving in a
capacity such as that of this advisory partner has an investment in
securities of an audit client, the audit firm should not be considered
independent with respect to that client. Based on our review of the former
advisory partner’s role and activities, we do not believe that he had any
substantive role or influenced any substantive portion of any audit or
review of our financial statements. The former advisory partner attended
many, but not all, of our audit committee meetings. At these meetings, he
reviewed with the committee reports of the annual inspection of Deloitte
conducted by the Public Company Accounting Oversight Board as well as
Deloitte’s annual client service assessments. He did not review any
substantive audit matters with the committee at any of these meetings or at
any other time. The former advisory partner also met once or twice a year
with our audit committee chair and once per year with the other members of
our audit committee as well as our chief executive officer and chief
financial officer. The stated purpose of these meetings was to foster and
strengthen Deloitte’s ongoing relationship with us. The former advisory
partner attended our annual meetings of shareholders as one of the Deloitte
representatives attending those meetings. Neither the former advisory
partner nor any other Deloitte representatives spoke at any of these
meetings and no questions were asked of Deloitte. At the direction of our
audit committee, we conducted an extensive investigation into the facts and
circumstances of the extent of any involvement of the former advisory
partner with our audit. We retained outside counsel and a consulting firm
specializing in accounting issues to assist in this investigation. Outside
counsel led the process and conducted personal interviews with the current
and former lead client service partners, the concurring review partner, the
current and former senior managers on our account and the tax matters
partner, as well as the members of our audit committee and key members of
our internal finance and accounting departments, including our chief
financial
Bob Jensen's threads on Deloitte are at
http://www.trinity.edu/rjensen/Fraud001.htm
October 31, 2008 message from Carolyn Kotlas
[kotlas@email.unc.edu]
SCHOLARSHIP AND THE "DATA DELUGE"
"Retrieving whole books, articles, and other
documents is no longer sufficient for scholarly research. Faculty and
students want to mine documents or other textual works--whether for
molecules, materials, or mavens, depending on their field of study. . . .
What is new in the digital environment? Information can be extracted in
smaller units, mashed up, and recombined -- preferably with attribution to
the original sources. Faculty and students alike need assistance in learning
how to think with these tools and services if they are to ask truly new
questions with them."
In "Supporting the 'Scholarship' in E-Scholarship"
(EDUCAUSE REVIEW, vol. 43, no. 6, November/December 2008), Christine L.
Borgman examines new forms of scholarly research -- data-intensive,
distributed, collaborative, and multidisciplinary -- that are being enabled
by the "data deluge," the vast amount and variety of digital materials
available to researchers. These new forms of scholarship will have an impact
not only on scholars, but also on academic libraries and campus information
technology infrastructure.
You can read the article at
http://connect.educause.edu/library/erm0863
EDUCAUSE Review [ISSN 1527-6619], a bimonthly print
magazine that explores developments in information technology and education,
is published by EDUCAUSE (
http://www.educause.edu/
). Articles from current and back issues of EDUCAUSE Review are available on
the Web at
http://www.educause.edu/pub/er/
......................................................................
UNDERSTANDING DIGITAL NATIVES
"From what we've seen, there is little evidence
that the Internet fundamentally alters the basics of 'learning' as such.
Remember, the Internet is a relatively new phenomenon when compared to the
time it took to build out our brains as the basic human apparatus devoted to
learning. While it would be surprising to see short-term changes in how
learning happens through and in our brains, it's also quite obvious that the
Internet has an impact on what we learn, how we engage in learning
activities, and in what communicative contexts." -- Urs Gasser, INSIDE
HIGHER ED, October 2, 2008
BORN DIGITAL: UNDERSTANDING THE FIRST GENERATION OF
DIGITAL NATIVES (Basic Books, 2008), by John Palfrey and Urs Gasser,
describes the coming of age of the generation of children who were "born
into and raised in the digital world" and discusses their potential
influence on the economy, politics, culture, and family life. The book is
part of the Digital Natives project, an interdisciplinary collaboration of
the Berkman Center for Internet & Society at Harvard University and the
Research Center for Information Law at the University of St. Gallen.
For more information about the book, go to
http://borndigitalbook.com/
For more information about the Digital Natives
project, go to http://www.digitalnative.org/
INSIDE HIGHER ED recently conducted an email
interview with the authors. You can read "Understanding Students Who Were
'Born Digital'" at
http://www.insidehighered.com/news/2008/10/02/digital
A podcast discussion of the book with author John
Palfrey is available at http://www.perseuspodcasts.com/main/podcasts/book.php?isbn=9780465005154
See also:
"Exploring the Educational Potential of Social
Networking Sites: The Fine Line between Exploiting Opportunities and
Unwelcome Imposition" By Henk Huijser STUDIES IN LEARNING, EVALUATION,
INNOVATION AND DEVELOPMENT vol. 5, no. 3, September 2008, pp. 45-54
http://www.sleid.cqu.edu.au/include/getdoc.php?id=708
The paper "explores potential educational
applications of Web 2.0 technologies, and cuts through some of the hype
generated around these technologies, as well as around characteristics of
Generation Y, and their implications for learning and teaching."
......................................................................
LEARNING CIRCUITS REDESIGNED
LEARNING CIRCUITS, a one-person operation edited by
Ryann Ellis, has been recently redesigned. The monthly online publication,
established to promote and aid the use of e-learning, is sponsored by the
American Society for Training & Development (ASTD). The October 2008 issue
includes:
"The Virtual Gathering Experience" By Debbe Kennedy
"Real Blended Learning Stands Up" By Jennifer
Hofmann and Nanette Miner
"Designing Games for E-Learning: A Framework" By
Purnima Valiathan and Puja Anand
"E-Learning Excellence in Practice"
You can read current and back issues of Learning
Circuits at
http://www.astd.org/LC/
ASTD is "the world's largest association dedicated
to workplace learning and performance professionals. ASTD's members come
from more than 100 countries and connect locally in almost 140 U.S. chapters
and 25 Global Networks. Members work in thousands of organizations of all
sizes, in government, as independent consultants, and suppliers." For more
information, contact: American Society for Training & Development, 1640 King
St., Box 1443, Alexandria, VA 22313-1443, USA; tel: 703-683-8100 or
800-628-2783; fax: 703-683-8103;
Web: http://www.astd.org/
......................................................................
UNC-CHAPEL HILL PAPER ON MULTIMEDIA PROCESS IN
HIGHER ED
A paper, "The Creation and Refinement of a
Sustainable Multimedia Process in a Higher Education Environment," authored
by the University of North Carolina at Chapel Hill Information Technology
Services'
Teaching and Learning staff Megan Bell and Larissa
Schraff, has been published in Kent State University's JOURNAL OF THE
RESEARCH CENTER FOR EDUCATIONAL TECHNOLOGY. Intended to provide a blueprint
for the creation of a production team and process based in a higher
education setting, the paper describes how "a specialized team of media
technology and instructional professionals at UNC-Chapel Hill:
(1) developed and deployed a successful media
production process for instructional, online products
(2) adapted the initial production model for other instructional
multimedia projects,
(3) gathered student data on the effectiveness of the online learning
experience, and
(4) incorporated quality assurance (QA) activities to routinely optimize
the production process."
"The Creation and Refinement of a Sustainable
Multimedia Process in a Higher Education Environment" is available online at
http://www.rcetj.org/?type=art&id=89965&
......................................................................
Neal Gualtieri also edits the eLearn Blog, one of the Association for
Computing Machinery-supported online communities. The blog is located at
http://blog.acm.org/elearn/
From the Scout Report on October 31, 2008
Path Finder 5.0 ---
http://www.cocoatech.com/
Finding certain files on a computer can be an
onerous chore from time to time, and Path Finder 5.0 is a good solution for
anyone who's been bedeviled by such a task. The application includes a dual
pane browser, cut and paste support, and a website that includes an
interactive tour through its other features. This version of Path Finder is
compatible with systems running Mac OS X 10.5 and newer. Also, this is a
30-day free trial version, and a full paid license is required after that
point.
VideoInspector 2.0.1.114 ---
http://www.kcsoftwares.com/index.php?vtb
Have you ever had a video file that just wouldn't
play? VideoInspector 2.0.1.114 may be just the thing for such a situation.
VideoInspector helps identify the coder-decoder required to play a specific
file and it is available in over 12 languages. There's also online support
for this application, and it is compatible with computers running Windows 95
and newer.
Free online textbooks, cases, and tutorials in accounting, finance,
economics, and statistics ---
http://www.trinity.edu/rjensen/ElectronicLiterature.htm#Textbooks
Education Tutorials
November 5, 2008 message from Mark Meuwissen
[MarkM@ALEXTECH.EDU]
The down and dirty situation is that I will
substitute teach a condensed unit on Bonds in just one 4 hour night. I need
the students to pre-study time value of money so that I can concentrate on
bonds, premiums, discounts, amortization and etc. This is a first year
Principles course so the students cannot be assumed to have ever seen TMV.
Does anyone have an on-line tool, video, PowerPoint
or something they would share with me?
My intention is to use SoftChalk to convert or
modify whatever I can find into a self-directed learning tool. I would
gladly share what I come up with – unless what I find is even better than I
can do. Then there would be no need to further modify.
November 5, 2008 Reply from Bob Jensen
Hi Mark
Although this link is far too advanced for basic accounting students,
there’s a terrific summary of the mathematics of finance at
http://en.wikipedia.org/wiki/Mathematics_of_finance
I think it is better summary than you will find in most textbooks.
I don't
think PowerPoint is as effective as using Excel itself to explain basic or
advanced mathematics of finance.
My
preference is to teach basic mathematics of finance and Excel functions at
the same time in basic accounting or basic finance.
In particular, Excel has a number of quirks when using functions. I have a
helper Excel workbook that I developed over the years of dealing with Excel
function quirks that confuse students learning the basic of Excel financial
functions ---
http://www.cs.trinity.edu/~rjensen/funclong.xls
Students can always select a cell and then view the Excel function that
generated the number.
The can also see why a particular function did not work because of using the
wrong syntax.
I
also have an introduction Excel workbook that explains, among other things,
how present value tables are derived.
See
http://www.cs.trinity.edu/~rjensen/funcIntro.xls
Students can always select a cell and then view the
Excel function that generated the number.
The
Journal spread sheet has a pretty good illustration of notes payable
amortization schedule derivation and graphing ---
http://www.cs.trinity.edu/~rjensen/133spans.xls
This is also one of the more popular illustrations of swap accounting in my
workshops.
Video on the History of Present Value ---
http://www.youtube.com/watch?v=rqbLxnzhp1E
I don’t quite know what to think about this one other than it needs more
dialog and less music.
Future Value Video ---
http://www.youtube.com/watch?v=tTWE0KpbgmA
Video on the basics of Excel functions ---
http://www.youtube.com/watch?v=rZA-SxS6LmE
Video on the NPV function in Excel ---
http://www.youtube.com/watch?v=JOqEpxNGQjk
Calculating NPV with a romantic Irish accent ---
http://www.youtube.com/watch?v=dqc5n4nMbVI
Budgeting and Internal Rate of Return Video ---
http://www.youtube.com/watch?v=B89vwItBFfk
Financial Analysis Using Excel
Part 1 ---
http://www.youtube.com/watch?v=fM63moi1Qjo
Part 2 ---
http://www.youtube.com/watch?v=KJIqK4nCo_M
Part 3 ---
http://www.youtube.com/watch?v=MPrGiyjiiuc
Part 4 ---
http://www.youtube.com/watch?v=VfjiWmVK2Z4
Susan Crossan has some video lectures on bond discounting (see her Chapter
10 videos) ---
http://inst.sfcc.edu/~SCrosson/Fall%202007/Flip%20Videos%20Fall%202007/FA%20Videos.htm
In advanced (probably graduate) courses students may
want to study benchmarked interest accounting ala FAS 138 ---
http://www.cs.trinity.edu/~rjensen/138bench.htm
Bob Jensen
November 5, 2008 reply from AMY HAAS
[haasfive@MSN.COM]
Check out this website. FINANCIAL MATH
http://math247.pbwiki.com/Financial+Math This excellent web site
has step-by-step instructions for solving financial math problems. Check it
out for help with appendix A: The time value of money. Here's the link that
you can paste into your browser:
http://math247.pbwiki.com/Financial+Math
Amy Haas
November 5, 2008 reply from Patricia Walters
[patricia@DISCLOSUREANALYTICS.COM]
Here's a link that I like:
http://www.studyfinance.com/lessons/timevalue/index.mv
It's possible someone else sent it to you
previously, but I actually like redundancy.
Regards,
Pat
Bob Jensen's threads on general education tutorials are at
http://www.trinity.edu/rjensen/Bookbob2.htm#Tutorials
Engineering, Science, and Medicine Tutorials
Science in Focus ---
http://www.sumanasinc.com/scienceinfocus/scienceinfocus.htm
American Museum of Natural History: Science Bulletins ---
http://www.amnh.org/sciencebulletins/
Canada Virtual Science Fair ---
http://www.virtualsciencefair.com/
Bob Jensen's threads on free online science,
engineering, and medicine tutorials are at ---
http://www.trinity.edu/rjensen/Bookbob2.htm#Science
Social Science and Economics Tutorials
An Entire (Free) Online Video Course in Game Theory by a Well-known Economics
Researcher/Theorist from Yale University ---
http://oyc.yale.edu/economics/game-theory/contents/sessions.html
This is tough going, but it may be well worth the effort to you. I've only
watched two lectures, but my intent is to study this course from beginning to
end.
It may be of interest to re-watch the movie A Beautiful Mind after
watching the Nash Equilibrium lecture. I've always thought Nash was given too
much credit for supposedly inventing a multivariate mean solution ---
http://en.wikipedia.org/wiki/John_Forbes_Nash
Sorry, but I do not view what Nash did as rocket science. But game theory itself
is economics and political science rocket science.
November 3, 2008 message from Richard C. Sansing
[Richard.C.Sansing@TUCK.DARTMOUTH.EDU]
Bear in mind that the scene that supposedly
describes a Nash equilibrium in the movie gets it completely wrong.
http://variagate.com/equilib.htm?beaumind
Richard Sansing
November 4, 2008 reply from Jagdish Gangolly
[gangolly@CSC.ALBANY.EDU]
Bob,
I also thought so as a graduate student just
transitioning out of Operations research/Statistics. I found the only Game
Theory work that he mentions in his Nobel lecture ('The Bargaining Problem')
not too exciting, until a few years later read its beautiful behavioural
interpretation by another nobelist, John Harsanyi.
It is true that Nash equillibrium is not a deep
mathematical result, but then he never claimed it to be so. However, its
impact on modern economics is plainly there to be seen. It has spawned 4
nobels in economics (Nash, Harsanyi, Selten, Aumann). I have been a fan of
each of them.
John Nash was a mathematician, and not an
economist, who stumbled into Games through an international economics course
he had taken at Carnegie Tech.
I wish life had been more kind to him.
As an aside, a cousin of mine (Ramesh Gangolli, an
actuary, a wrangler/mathematical tripos at Cambridge, who later became a
professor of mathematics and music at U Washington [
http://www.math.washington.edu/~gangolli/ ]) was
his graduate assistant at MIT, and had to work with other faculty when John
Nash's mental health tanked. He is mentioned in "The Beautiful Mind" as one
of the first to recognise that something was wrong with John Nash's mental
health.
Jagdish Gangolly (
gangolly@csc.albany.edu )
Department of Informatics, College of Computing &
Information
State University of New York at Albany
1400 Washington Avenue, Albany NY 12222
Phone: 518-442-4949
Mediastorm ---
http://mediastorm.org/
The Archaeology Channel Video Guide ---
http://www.archaeologychannel.org/content/videoguide.asp
Congressional Hearings: Law Library of Congress ---
http://www.loc.gov/law/find/hearings.html
From the Scout Report on October 31, 2008
Seventy years later, Orson Welles' "The War of the Worlds" remains
electrifying Scar "War" put Welles on map
http://seattletimes.nwsource.com/html/entertainment/2008310729_waroftheworlds27.html
Ball St. recreating 'War of the Worlds' broadcast
http://www.chicagotribune.com/news/chi-ap-in-marsattacks-broad,0,5630576.story
The Hyped Panic Over 'War of the Worlds'
http://chronicle.com/temp/reprint.php?id=fwn6zpjwm6trlsgy8kjcr6lxrhxffm1w
Orson Welles' complicated feelings for Kenosha
http://www.jsonline.com/entertainment/movies/33095059.html
A history of Grover's Mill
http://www.war-ofthe-worlds.co.uk/grovers_mill.htm
Bob Jensen's threads on Economics, Anthropology, Social Sciences, and
Philosophy tutorials are at
http://www.trinity.edu/rjensen/Bookbob2.htm#Social
Law and Legal Studies
From the Harvard Law School
Dying Speeches & Bloody Murders: Crime Broadsides ---
http://broadsides.law.harvard.edu/
Bob Jensen's threads on law and legal studies are at
http://www.trinity.edu/rjensen/Bookbob2.htm#Law
Math Tutorials
Bob Jensen's threads on free online mathematics tutorials are at
http://www.trinity.edu/rjensen/Bookbob2.htm#050421Mathematics
History Tutorials
goSmithsonian: Lincoln ---
http://www.gosmithsonian.com/lincoln
Clara Barton National Historic Site ---
http://www.nps.gov/features/clba/feat0001/flash.html
Uncommon Lives (Australia) ---
http://uncommonlives.naa.gov.au/default.asp
The Holburne Museum of Art ---
http://www.bath.ac.uk/holburne/
Crace Collection of Maps of London ---
http://www.bl.uk/onlinegallery/onlineex/crace/
Oyez Baseball http://baseball.oyez.org/
The Albert G. Spalding Collection of Early Baseball Photographs and Drawings
---
http://digitalgallery.nypl.org/nypldigital/explore/dgexplore.cfm?col_id=198
Bob Jensen's threads on history tutorials are at
http://www.trinity.edu/rjensen/Bookbob2.htm#History
Also see
http://www.trinity.edu/rjensen/ElectronicLiterature.htm
Language Tutorials
Ruth Charney on Modeling with Cubes ---
http://www.maa.org/news/102308charney.html
Bob Jensen's links to language tutorials are at
http://www.trinity.edu/rjensen/Bookbob2.htm#Languages
Writing Tutorials
Bob Jensen's helpers for writers are at
http://www.trinity.edu/rjensen/Bookbob3.htm#Dictionaries
Updates from WebMD ---
http://www.webmd.com/
November 5, 2008
Features
"What You Need to Know About Eating Fish," by Jeanie Lurche Davis,
WebMD, November 2008 ---
http://women.webmd.com/features/pregnancy-fish-risk
The EPA and FDA advise pregnant women, young women
who may become pregnant, or women who are nursing:
- Do not eat: Shark, swordfish,
king mackerel, or tilefish because they contain high levels of mercury.
- Eat up to 12 ounces a week:
Fish and shellfish varieties that are lower in mercury. These include
shrimp, canned light tuna, salmon, pollock, and catfish. (An average can
of tuna is 6 ounces.)
- Buy canned tuna carefully.
Light tuna has less mercury than albacore ("white") tuna. However, up to
6 ounces (one average meal) of albacore tuna per week is safe.
- Check local fish advisories:
Locally caught fish should be checked with local health departments. If
no advice is available, eat up to 6 ounces (one average meal) per week
of fish you catch from local waters, but don't consume any other fish
during that week.
- Apply these guidelines to young
children: They can eat these low-mercury fish and shellfish.
However, feed children smaller portions.
Undisputed Benefits of Omega-3 Fats
The omega-3 fats in many fish and seafood are known
to lower risk of heart disease and benefit the brain. The American Heart
Association advises at least two servings a week of fish like mackerel, lake
trout, herring, sardines, albacore tuna, and salmon because of these healthy
fats. However, the following people should take care to consume fish sources
of omega-3 fats with lower mercury content: women who wish to become
pregnant or are now pregnant; women who are nursing; and young children.
"The Healthy Skinny Pill: A new drug proves effective in fighting
obesity and related diseases while increasing stamina in mice," by Brittany
Sauser, MIT's Technology Review, November 4, 2008 ---
Click Here
A pill that delivers the health benefits of diet
and exercise without any of the effort is one step closer to becoming a
reality. European scientists have found that mice fed a high-fat,
high-calorie diet and prevented from exercising regularly can be protected
from weight gain and metabolic disorders when given a drug that targets a
gene linked to longevity. The treatment even increases the animals' running
endurance.
The drug was developed last year by Sirtris
Pharmaceuticals, based in Cambridge, MA, and preliminary studies of the
compound showed it to be effective in treating mice models of type 2
diabetes, a disease that results in an impaired ability to produce or
process insulin, the risk of which increases with age. Now scientists led by
professor Johan Auwerx at Ecole Polytechnique Federale de Lausanne (EPFL),
in Switzerland, have shown that the compound involved, known as SRT1720,
also blocks weight gain and obesity-related disorders and increases muscle
stamina.
In the study, scientists fed the mice a high-fat,
high-calorie diet mixed with doses of SRT1720 for approximately 10 weeks.
The mice were given 100 or 500 milligrams of fat per kilogram of body weight
each day (a high dose even for humans). The mice did not exercise regularly,
although the scientists tested the animals' exercise capacity, or endurance,
by making them run on a treadmill. "The mice treated with the compound ran
significantly longer," says Auwerx. The drug also protected the animals from
the negative effects of high-calorie diets: metabolic disorders,
obesity-related diseases, and insulin resistance. It even improved the
mice's cholesterol.
It is significant that the drug mimics the effects
of a calorie-restricted diet, since this has previously been tied to
increased life expectancy, says William Evans, a professor of geriatric
medicine, nutrition, and physiology at the University of Arkansas for
Medical Sciences.
It's as if the couch-potato mice underwent a strict
diet and exercise regime, says David Sinclair, a biologist at Harvard
Medical School, in Boston, who is one of the cofounders of Sirtris but was
not involved in the current study. The new study "is a major step forward,
showing that we can design and synthesize potent, druglike molecules that
could slow down the aging process," says Sinclair.
The effects of the compound are similar to those of
resveratrol, a molecule found in red wine that has previously been shown to
extend life span and have health benefits in mice. But SRT1720 is a thousand
times more potent than resveratrol, meaning that it could be taken in
smaller doses. A person would have to drink hundreds of glasses of wine to
get the same health benefits from resveratrol, and, while supplements are
available, it is unclear whether they are as effective. "Resveratrol will
pretty soon look like ancient technology," says Sinclair.
Fantastic Brain Images
"The Brain Unveiled: A new imaging method offers a spectacular view of neural
structures," by Emily Singer, MIT's Technology Review, November/December
2008 ---
http://www.technologyreview.com/biomedicine/21462/?nlid=1460
A new imaging method that offers an unprecedented view of complex
neural structures could help explain the workings of the brain and shed
light on neurological diseases.
Brain Connections
Diffusion spectrum imaging, developed by neuroscientist Van Wedeen at
Massachusetts General Hospital, analyzes magnetic resonance imaging (MRI)
data in new ways, letting scientists map the nerve fibers that carry
information between cells. These images, generated from a living human
brain, show a reconstruction of the entire brain (above) and a subset of
fibers (below). The red fibers in the middle and lower left of both images
are part of the corpus callosum, which connects the two halves of the brain.
Continued in article
Forwarded by Dr, Wolff
If you yelled for 8 years, 7
months and 6 days you will have produced enough
sound energy to heat one cup of coffee.
(Hardly
seems worth it.)
If you
farted consistently for 6 years and 9 months, enough
gas is produced to create the energy of an atomic
bomb.
(Now
that's more like it!)
The human
heart creates enough pressure when it pumps to the
body to squirt blood 30 feet.
(O.M.G.!)
A pig's
orgasm lasts 30 minutes.
(In my
next life, I want to be a pig.)
A cockroach will live nine days without its head
before it starves to death. (creepy)
(I'm
still thinking about the pig.)
Banging
your head against a wall uses 150 calories an hour
.
(Don't
try this at home.....maybe at work)
The male praying mantis cannot copulate while its
head is attached to its body. The female initiates
sex by ripping the male's head off.
(Honey,
I'm home. What the...?!)
The flea
can jump 350 times its' body length. That's like a
human jumping the length of a football field.
(30
minutes..lucky pig! Can you imagine?)
The
catfish has over 27,000 taste buds.
(What's so
tasty at the bottom of a pond?)
Some lions
mate over 50 times a day.
(I still
want to be a pig in my next life...quality over
quantity)
Butterflies taste with their feet.
(Something I
always wanted to know.)
The strongest muscle in the body is the tongue.
(Hmmmmmm......)
Right-handed people live, on average, nine years
longer than left-handed people.
(If you're
ambidextrous, do you split the difference?)
Elephants
are the only animals that cannot jump.
(Okay, so that
would be a good thing)
A cat's
urine glows under a black light.
(I wonder
who was paid to research that?)
An ostrich's eye is bigger than its' brain.
(I know
some people like that.)
Starfish
have no brains.
(I know some
people like that too.)
Polar
bears are left-handed.
(If they
switch, they'll live longer)
Humans and
dolphins are the only species that have sex for
pleasure
(I
question this one. Some humans have trouble staying
awake during sex, and some horses we had on the farm
really seemed to enjoy conceiving as evidenced by a
whole lot of snorting and
dilated
pupils.)
Perhaps humans and dolphins
are the only mammals to have sex without the female
having to be in heat. I didn't check this idea out.
I suspect if you yelled for each orgasm you will
have produced enough sound energy in a lifetime to
heat one cup of coffee.
Men versus Women Having Perfect Days ---
http://www.amazingjokes.com/
Kissing Quotations ...
http://www.citate-celebre.com/famous-quotes/kissing-quotes/
Music Humor ---
http://www.amiright.com/
Tidbits Archives ---
http://www.trinity.edu/rjensen/TidbitsDirectory.htm
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
http://www.searchedu.com/
World Clock ---
http://www.peterussell.com/Odds/WorldClock.php
Facts about the earth in real time --- http://www.worldometers.info/
Interesting Online Clock
and Calendar
---
http://home.tiscali.nl/annejan/swf/timeline.swf
Time by Time Zones ---
http://timeticker.com/
Projected Population Growth (it's out of control) ---
http://geography.about.com/od/obtainpopulationdata/a/worldpopulation.htm
Also see
http://users.rcn.com/jkimball.ma.ultranet/BiologyPages/P/Populations.html
Facts about population growth (video) ---
http://www.youtube.com/watch?v=pMcfrLYDm2U
Projected U.S. Population Growth ---
http://www.carryingcapacity.org/projections75.html
Real time meter of the U.S. cost of the war in Iraq ---
http://www.costofwar.com/
Enter you zip code to get Census Bureau comparisons ---
http://zipskinny.com/
Sure wish there'd be a little good news today.
Three Finance Blogs
Jim Mahar's FinanceProfessor Blog ---
http://financeprofessorblog.blogspot.com/
FinancialRounds Blog ---
http://financialrounds.blogspot.com/
Karen Alpert's FinancialMusings (Australia) ---
http://financemusings.blogspot.com/
Some Accounting Blogs
Paul Pacter's IAS Plus (International
Accounting) ---
http://www.iasplus.com/index.htm
International Association of Accountants News ---
http://www.aia.org.uk/
AccountingEducation.com and Double Entries ---
http://www.accountingeducation.com/
Gerald Trites'eBusiness and
XBRL Blogs ---
http://www.zorba.ca/
AccountingWeb ---
http://www.accountingweb.com/
SmartPros ---
http://www.smartpros.com/
Bob Jensen's Sort-of Blogs ---
http://www.trinity.edu/rjensen/JensenBlogs.htm
Current and past editions of my newsletter called New
Bookmarks ---
http://www.trinity.edu/rjensen/bookurl.htm
Current and past editions of my newsletter called
Tidbits ---
http://www.trinity.edu/rjensen/TidbitsDirectory.htm
Current and past editions of my newsletter called Fraud
Updates ---
http://www.trinity.edu/rjensen/FraudUpdates.htm
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 ---
http://www.trinity.edu/rjensen/ElectronicLiterature.htm
Shared Open Courseware
(OCW) from Around the World: OKI, MIT, Rice, Berkeley, Yale, and Other Sharing
Universities ---
http://www.trinity.edu/rjensen/000aaa/updateee.htm#OKI
Free Textbooks and Cases ---
http://www.trinity.edu/rjensen/ElectronicLiterature.htm#Textbooks
Free Mathematics and Statistics Tutorials ---
http://www.trinity.edu/rjensen/Bookbob2.htm#050421Mathematics
Free Science and Medicine Tutorials ---
http://www.trinity.edu/rjensen/Bookbob2.htm#Science
Free Social Science and Philosophy Tutorials ---
http://www.trinity.edu/rjensen/Bookbob2.htm#Social
Free Education Discipline Tutorials ---
http://www.trinity.edu/rjensen/Bookbob2.htm
Teaching Materials (especially
video) from PBS
Teacher Source: Arts and
Literature ---
http://www.pbs.org/teachersource/arts_lit.htm
Teacher Source: Health & Fitness
---
http://www.pbs.org/teachersource/health.htm
Teacher Source: Math ---
http://www.pbs.org/teachersource/math.htm
Teacher Source: Science ---
http://www.pbs.org/teachersource/sci_tech.htm
Teacher Source: PreK2 ---
http://www.pbs.org/teachersource/prek2.htm
Teacher Source: Library Media ---
http://www.pbs.org/teachersource/library.htm
Free Education and
Research Videos from Harvard University ---
http://athome.harvard.edu/archive/archive.asp
VYOM eBooks Directory ---
http://www.vyomebooks.com/
From Princeton Online
The Incredible Art Department ---
http://www.princetonol.com/groups/iad/
Online Mathematics Textbooks ---
http://www.math.gatech.edu/~cain/textbooks/onlinebooks.html
National Library of Virtual Manipulatives ---
http://enlvm.usu.edu/ma/nav/doc/intro.jsp
Moodle ---
http://moodle.org/
The word moodle is an acronym for "modular
object-oriented dynamic learning environment", which is quite a mouthful.
The Scout Report stated the following about Moodle 1.7. It is a
tremendously helpful opens-source e-learning platform. With Moodle,
educators can create a wide range of online courses with features that
include forums, quizzes, blogs, wikis, chat rooms, and surveys. On the
Moodle website, visitors can also learn about other features and read about
recent updates to the program. This application is compatible with computers
running Windows 98 and newer or Mac OS X and newer.
Some of Bob Jensen's Tutorials
Accountancy Discussion ListServs:
For an elaboration on the reasons you should join a
ListServ (usually for free) go to http://www.trinity.edu/rjensen/ListServRoles.htm
AECM (Educators)
http://pacioli.loyola.edu/aecm/
AECM is an email Listserv list which
provides a forum for discussions of all hardware and software
which can be useful in any way for accounting education at the
college/university level. Hardware includes all platforms and
peripherals. Software includes spreadsheets, practice sets,
multimedia authoring and presentation packages, data base
programs, tax packages, World Wide Web applications, etc
Roles of a ListServ ---
http://www.trinity.edu/rjensen/ListServRoles.htm
|
CPAS-L (Practitioners)
http://pacioli.loyola.edu/cpas-l/
CPAS-L provides a forum for discussions of
all aspects of the practice of accounting. It provides an
unmoderated environment where issues, questions, comments,
ideas, etc. related to accounting can be freely discussed.
Members are welcome to take an active role by posting to CPAS-L
or an inactive role by just monitoring the list. You qualify for
a free subscription if you are either a CPA or a professional
accountant in public accounting, private industry, government or
education. Others will be denied access. |
Yahoo
(Practitioners)
http://groups.yahoo.com/group/xyztalk
This forum is for CPAs to discuss the activities of the AICPA.
This can be anything from the CPA2BIZ portal to the XYZ
initiative or anything else that relates to the AICPA. |
AccountantsWorld
http://accountantsworld.com/forums/default.asp?scope=1
This site hosts various discussion groups on such topics as
accounting software, consulting, financial planning, fixed
assets, payroll, human resources, profit on the Internet, and
taxation. |
Business Valuation
Group
BusValGroup-subscribe@topica.com
This discussion group is headed by Randy Schostag
[RSchostag@BUSVALGROUP.COM] |
Professor Robert E. Jensen (Bob)
http://www.trinity.edu/rjensen
190 Sunset Hill Road
Sugar Hill, NH 03586
Phone: 603-823-8482
Email:
rjensen@trinity.edu