on February 23, 2005
Bob Jensen at Trinity University
earlier editions of New Bookmark
s go to http://www.trinity.edu/rjensen/bookurl.htm
Archives of Tidits: Tidbits Directory --- 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.
This search engine may get you some hits from other professors at Trinity University included with Bob Jensen's documents, but this may be to your benefit.
Big momma's watching you
New monitoring devices will enable parents to keep close tabs on how their teenagers are behaving behind the wheel -- whether they're driving recklessly, whether they're wearing seat belts, and whether they are really going to the library like they promised.
Michelle Higgins, "A Back-Seat Driver For Your Teen's Car," The Wall Street Journal, February 23, 2005 --- http://snipurl.com/BigMomma
Jensen Comment: I'm more worried about the kids monitoring Grandpa's driving.
Breaking up is hard to do
We brought in four females from a Swedish zoo because two years ago a couple of males separated when we introduced a female.
"Swedish tempress penguins fail to attract new males at German zoo," Weird News, February 21, 2005 --- http://snipurl.com/GayPenguins
Say what? Wasn't job loss the center of the debate in the last
What?! The fact of the matter is, the most successful companies are outsourcers. And a Dartmouth study found that outsourcers are the bigger job creators. Since 1992, America has lost 361 million jobs, but during that same time, it also gained 380 million jobs — millions more than it lost.
John Stossel (ABC News Co-anchor), "Outsourcers are the bigger job creators?" Jewish World Review, February 23, 2005 --- http://cweb.jewishworldreview.com/0205/stossel.php3
"40 Percent of Japanese University Students Can't Find Iraq on a Map," Weird News, February 23, 2005 --- http://snipurl.com/IraqSomewhere
Jensen Comment: This was no small survey. This was 40% of 3,773 college students.
Diefenbach knows where
Iraq is on the map
A Midland man was trained to fight an armed enemy before heading to Iraq. Army 1st Lt. Alex Diefenbach ended up fighting poverty and need among the embattled country's children. Diefenbach, 25, started Operation Iraqi Children's Assistance Network, a nonprofit charity that has collected 20,000 tons of school supplies and other goods and more than $10,000 since last April. The relief campaign has spread from Saddam Hussein's hometown of Tikrit to four provinces in north central Iraq. "Just being in the country, you see the need to help in anyway you can," said Diefenbach, who last...
Mlive.com, February 23, 2005 --- http://snipurl.com/IraqChildrenFeb23
action in the extreme: Whites should not apply
... the Correctional Service of Canada is disqualifying candidates for parole officer jobs because they're white. An Ontario job-seeker received a rejection letter recently, advising that only aboriginals and visible minorities need apply. "Please be advised that effective immediately the Ontario region of the Correctional Service of Canada is no longer maintaining an inventory for parole officer applications from the general public," the Feb. 19 letter reads. "Due to staffing resources we will continue to accept applications from aboriginal and visible-minority candidates only." CSC is committed to having a "skilled, diversified workforce reflective of Canadian...
Kathleen Harris, " No whites need apply: Correctional Service restricts job applications," Toronto Sun, February 23, 2005 --- http://www.canoe.ca/NewsStand/TorontoSun/News/2005/02/23/939636-sun.html
I can't say I blame
them. I did the same thing.
Physics is among the most male-dominated of disciplines. And while commentators bandy about many possible causes -- discrimination, the lifestyle tradeoffs required by graduate school or the academic workplace, and, controversially, innate aptitude -- the problem seems most directly attributable to female students abandoning physics in droves between high school and college. So concludes a report issued last week by the American Institute of Physics, which found that the relatively small proportion of female faculty members in the field occurs not because of a "leaking" pipeline within academe, but because of the small proportion of women who choose to study physics after 12th grade.
"Data, not Speculation, on Female Scientists," Inside Higher Ed, February 23, 2005 --- http://www.insidehighered.com/insider/data_not_speculation_on_female_scientists
Carnegie-Mellon first denies then admits helping to pay for the Shabazz
Cohon went on to say that even though the university did not want to sponsor Shabazz's appearance "in large part because of the inflammatory nature of the past rhetoric of the speaker," it was appropriate to allow the student group to bring him anyway. "Allowing activity that one has vigorously discouraged may strike some as hypocritical, though it is at the core of the intersection of freedom and responsibility," Cohon wrote. And while Cohon said the actual speech was "filled with hateful and hurtful rhetoric," he said it "was also not in keeping with the history of the Spirit Organization nor, we firmly believe, of the values of its collective membership, nor its intent in sponsoring the speaker."
"Paying for Shabazz," Inside Higher Ed, February 23, 2005 --- http://www.insidehighered.com/insider/paying_for_shabazz
The following module is quoted from http://www.trinity.edu/rjensen/tidbits022205.htm
A really bad case of hate
at Carnegie Mellon University: Is this academic freedom?
An appearance by Malik Shabazz at Carnegie Mellon University last week has infuriated Jewish students, who say he not only devoted a university lecture to attacking them, but broke university rules and asked that Jewish students identify themselves as Jews before a hostile audience. A columnist for the Pittsburgh Post-Gazette, who managed to stay at the appearance when other journalists were forced to leave, wrote: "Shabazz travels with a retinue of young men and women in jackboots, arm patches and berets. One wandered about with a nightstick. Another snapped photos of white people in the audience.... Try to imagine Farrakhan in Nuremberg." Shabazz could not be reached for comment Monday. Nor could members of the black student group that organized the appearance. Carnegie Mellon officials said that they tried to persuade the students not to invite Shabazz, who has been criticized as an anti-Semite not only by Jewish organizations but by groups like the Southern Poverty Law Center. But the university decided that its commitment to free expression meant that the students were given the final say.
"Hate at Carnegie Mellon," Inside Higher Ed, February 22, 2005 --- http://www.insidehighered.com/insider/hate_at_carnegie_mellon
What would Woody Allen
say about this?
Certainly the dominant note of the event (a gathering "in celebration and mourning," as a few speakers put it) was to insist that Derrida's work deserved more serious notice than it had received in the American press following his death in September. In welcoming the audience, Peter Goodrich, a professor of law at Cardozo, noted that people who were "unimpeded by any knowledge of what they're talking about" evidently felt an especially passionate urge to denounce Derrida. Although no speaker mentioned it as such, the most egregious example was undoubtedly the obituary in The New York Times -- a tour de force of malice and intellectual laziness, by someone whose entire knowledge of Derrida's work appeared to have been gleaned from reading the back of a video box for the Woody Allen film Deconstructing Harry.
Scott McLemee, "Defending Derrida By Scott," Inside Higher Ed, February 23, 2005 --- http://www.insidehighered.com/views/intellectual_affairs__6
Here's what Woody Allen
In the Woody Allen movie "Annie Hall" a character is sounding off about the Canadian media theorist Marshall MacLuhan when the subject himself appears and says: "Excuse me, I'm Marshall MacLuhan. You know nothing of my work." Woody Allen then turns to the audience and asks, "don't you wish life were like that?"
"An 'Annie Hall' Moment," The Wall Street Journal, February 18, 2005 --- http://online.wsj.com/article/0,,SB110867882251758232,00.html?mod=opinion&ojcontent=otep
Subsidizing the super
rich: Where your hard-earned tax dollars end up
What do David Rockefeller, Ted Turner and Scottie Pippen have in common, aside from being rich and famous? Each has received more than $200,000 in federal farm subsidies in the past decade, according to a study by the Environmental Working Group.
"Family Farmers?" USA Today, February 23, 2005 --- http://www.usatoday.com/printedition/news/20050223/editbox23.art.htm
Pick yourself up, dust yourself off, start all over again
I have worked as a college instructor for 15 years. During the past five years, I've had to adapt my lectures to address the damage done to students as a result of years of receiving accolades just for showing up to class. Students' responses to criticism have ranged from crying “You hate me!” to obstinate proclamations of “I prefer to do it my way.” Personally, I don't give a rat's backside for talent, genius or a stuffed résumé. The students who are successful are the ones who can adapt and are resilient when their work stumbles. However, these are acquired traits in an education system where failure is a four-letter word and, as such, is never addressed.
Sheryl Young, "Students who succeed are willing to fail repeatedly," USA Today, February 23, 2005 --- http://www.usatoday.com/printedition/news/20050223/letfeat23.art.htm
Just another day on my
California's insurance commissioner said yesterday that he was investigating several insurers that appeared to be overcharging home buyers for title insurance, then splitting the excessive fees with the people who had steered them the business. The commissioner, John Garamendi, said he had subpoenaed the records of two title insurers, Fidelity National Financial and LandAmerica Financial Group. More subpoenas would be served soon, he said, including some to financial services companies and real estate firms that have title insurance companies.
Mary Williams Walsh, "California Examines Title Insurers in Fee Splitting," The New York Times, February 23, 2005 --- http://www.nytimes.com/2005/02/23/business/23title.html
This seems like a good time to repeat an earlier tidbit.
They weren't working
solely in their clients' best interest.
The study was instigated by Steven D. Levitt, a self-described "rogue economist" who has applied the analytical tools of his trade to everything from sumo wrestlers to drug-dealing gangs; his work is cataloged in the forthcoming book "Freakonomics," written with Stephen J. Dubner. Professor Levitt had fixed up and sold several houses in Oak Park, Ill., a suburb of Chicago. When working with real estate agents, he said, "I got the impression they weren't working solely in their clients' best interest."
Daniel Gross, "Why a Real Estate Agent May Skip the Extra Mile," The New York Times, February 20, 2005 --- http://www.nytimes.com/2005/02/20/business/yourmoney/20view.html
Jensen Comment: Steven Levitt is a terrific economics professor at the University of Chicago. You can get a list of his publications at http://www.src.uchicago.edu/users/levit/
Over the course of the history of America, real estate fraud has been the most prevalent kind of fraud. See Bob Jensen's history of fraud in America at http://www.trinity.edu/rjensen/415wp/AmericanHistoryOfFraud.htm
I'd be willing to bet big
money that you didn't know this.
United Kingdom regulators warned that banks need to strengthen their back-office systems and risk controls to keep up with the swift expansion of the $5.44 trillion credit-derivatives market. The credit-derivatives market has grown explosively in recent years, starting from almost nothing in the mid-1990s and increasing to an estimated $5.44 trillion by 2004, according to Deutsche Bank figures. The most common kind of credit derivative is the credit-default swap, which works like an insurance policy to transfer the risk that a company will default on its debt.
Tom Marshall, "Credit Derivatives Stir Risk Concerns For British Banks." The Wall Street Journal, February 23, 2005; Page C5 --- http://snipurl.com/CredDeriv
Jensen Comment: A credit derivivative contract that allows for the use of a derivative instrument to transfer credit risk, for a fee, from one party to another. And then you ask, what is a derivative instrument? And then I say, scroll down at http://www.trinity.edu/rjensen/acct5341/speakers/133glosf.htm#D-Terms
Rotten Apples in the NCAA
Barrel: Should these be our heroes on Saturdays?
Thirty of the 117 colleges that play in Division I-A, the NCAA's top competitive level -- better than one in four -- were punished by the association's Committee on Infractions from 2000 to 2004, a review of the NCAA's database on major infractions shows. Many of the nation's most prominent sports programs are among them, including Miami, Colorado, USC, Auburn, Texas, Georgia, Kentucky, Michigan and Nebraska. (The association actually punished Division I-A colleges 32 times during that time period, as two sports programs -- the University of Minnesota-Twin Cities and the University of Washington -- were cited twice for rule breaking.)
"The NCAA Dishonor Roll," Inside Higher Ed, February 17, 2005 --- http://www.insidehighered.com/insider/the_ncaa_dishonor_roll
The Major Infraction Database is at https://goomer.ncaa.org/wdbctx/LSDBi/LSDBi.MajorInfPackage.MI_Search_Input?p_Cmd=Go_Search
It's an outrage:
The courts are not your friend when your identity's been stolen
The recent security breach at data aggregator ChoicePoint that exposed at least 145,000 consumers to identity theft and renewed a call for regulation of the data industry will likely leave victims of the breach twice bitten -- first from the identity theft itself and second from thwarted attempts to recover damages for their losses if they decide to seek recourse. Legal experts say that people who suffered losses as a result of the breach will find it difficult to get compensation from ChoicePoint for selling their personal data to con artists, even if the victims can prove that ChoicePoint was negligent in screening customers who purchased their data. That's because courts have been unwilling to penalize companies when victims of identity theft are not their direct customers.
Kim Zetter, "ID Theft Victims Could Lose Twice," Wired News, February 22, 2005 --- http://www.wired.com/news/privacy/0,1848,66685,00.html?tw=wn_tophead_1
Remember Microsoft's failed "Smart Tag" technology, which took over Web pages and added links to Microsoft servers? Well now, Google has released similar stuff, called AutoLink. It's bad news, as the popular search engine attempts to hijack Web pages for its own profit. Do you really want Google taking over your Web page, to the detriment of the person who actually created it? Our story presents a balanced look at what I consider a chilling development from what's becoming the Microsoft of the Internet. Plus, we have details on Google's latest technology facility, due to open in Oregon.
Matt Hicks, "Google's Tool Bar Links Stir Debate," eWeek, February 18, 2005 --- http://www.eweek.com/article2/0,1759,1766764,00.asp
A university becomes a
Few university presidents have a hard-core business style quite like Drexel's Constantine Papadakis. But critics say the university's financial focus conflicts with other values that might improve the school's academic standing. Drexel Tries Online Classes And Fancy Marketing. But few university presidents have a hard-core business style quite like Dr. Papadakis's. He has deployed sophisticated marketing tactics, tried to improve productivity by digitizing coursework and has beefed up the 114-year-old institution by taking over a troubled medical school. He has quintupled the university's endowment to $470 million, doubled undergraduate enrollment to 9,800 and recorded an $83 million surplus in 2004 on revenue of more than $500 million.
Bernard Wysocki, Jr., "How Dr. Papadakis Runs a University Like a Company," The Wall Street Journal, February 23, 2005; Page A1 --- http://online.wsj.com/article/0,,SB110912375606461666,00.html?mod=todays_us_page_one
Did you expect
At the Heritage Foundation, budget analyst Brian Riedl notes that Bush's budget does not get a handle on swelling entitlement.
Jonathan Rauch, "Revive Gramm-Rudmann: A bad idea whose time has come again," ReasonOnLine, February 13, 2005 --- http://www.reason.com/rauch/021305.shtml
Bob Jensen's essay on entitlements is at http://www.trinity.edu/rjensen/entitlements.htm
Radical shift away from
"Phasing out Greek would be, and indeed has already been, taken by undergraduates, alumni, and outside writers as a sign, at the very least, that Brandeis is engaged in a radical shift away from the humanities," the panel said in its report, a copy of which was obtained by Inside Higher Ed. It added that eliminating the study of ancient Greek would have "profoundly negative consequences" on the classics program at the university, making it impossible for any undergraduates at the university to apply to graduate programs in the field. Similarly, the faculty panel rejected proposals to phase out the linguistics major and a graduate program in musical composition, and to reduce the size of the physics department.
"A Rebuke for Brandeis Administrators," Inside Higher Ed, February 22, 2005 --- http://www.insidehighered.com/insider/a_rebuke_for_brandeis_administrators
"Minimum compliance" to "investor driven": I'll believe this only when I see it with my own eyes
The mind-set of financial reporting should ideally evolve from "minimum compliance" to "investor driven." This was an overarching theme from preparers, auditors, regulators, standards setters, and users of financial reports who made presentations at the American Institute of Certified Public Accountants' (AICPA) National Conference on Current SEC and PCAOB Developments in early December 2004.
"A Word From Accounting's Powers That Be," SmartPros, February 22, 2005 --- http://accounting.smartpros.com/x47054.xml
China is edging up in
Microsoft’s Advanced Technology Center (ATC) opened in November 2003 with 20 employees and a couple of projects. By late last year, after receiving more than 30,000 résumés from around China and sparking keen demand among Microsoft’s business divisions, it had around 100 employees, with some 17 major projects and scores of minor ones on its books; this year, the ATC is set to double in size. In the next few years, the center expects to be the key technology transfer point for a host of new products, from Web-search technologies to mobile applications and home entertainment systems. On the strength of these innovations, Hongjiang Zhang, the center’s charter director, hopes to provide a powerful alternative to Microsoft’s traditional strategy of creating products in the U.S., spiraling into Europe, and then adapting them for the Chinese market. “China is still emerging, but China is no longer just a follower,” he says. “They are starting to lead.”
Robert Buderi, "Microsoft: Getting from 'R'," MIT's Technology Review, March 2005 --- http://www.technologyreview.com/articles/05/03/issue/brief_microsoft.asp?trk=nl
The U.S. is losing its
Now these clouds on the horizon may be converging into something like a perfect storm, according to a troubling report released last week by the American Electronics Association. The report argues that the US standing in technology is slipping, and that the nation is in danger of losing its advantage in fields it has long dominated.
Robert Weisman, "US could see its advantage in technology slip away," Boston Globe, February 20, 2005 --- http://www.boston.com/business/technology/articles/2005/02/20/us_could_see_its_advantage_in_technology_slip_away/
After an earthquake destroyed the city of Bam in Iran in 2003, world governments pledged $1.1 billion in aid. How much of that, according to Iran’s government, was actually sent?
Economist.com --- http://www.economist.com/diversions/quiz/mark.cfm?date=22%2DFEB%2D05&single=true
Answer: $17.5 million, which works out to about 1.6%
On February 22, 2005 Iran was unfortunately hit with another deadly earthquake --- http://www.nytimes.com/2005/02/23/international/middleeast/23iran.html?
Victim of a Wal-Mart
Winn-Dixie and 23 of its U.S. subsidiaries filed for Chapter 11 reorganization late Monday in U.S. Bankruptcy Court for the Southern District of New York, a company news release said.
CBS News, February 22, 2005 --- http://www.cbsnews.com/stories/2005/02/22/ap/business/main675468.shtml
A billion here and a
billion there; Pretty soon you're talking some real money
The world's wealthiest countries agreed on Tuesday to increase aid to the world's poorest nations by raising their contributions to the World Bank's international development program to $34 billion from $23 billion.
Elizabeth Becker, "Wealthiest Nations to Increase Aid to Poorest," The New York Times, February 23, 2005 --- http://www.nytimes.com/2005/02/23/business/worldbusiness/23trade.html
Woofy's living higher on
A federal jury awarded more than $300,000 to a mentally ill woman whose apartment complex refused to let her have a dog. The verdict in favor of Joyce Grad, who suffers from severe bipolar disorder, acknowledges the role of pets in improving the quality of life for the mentally ill. "I feel vindicated," Grad said Tuesday, four days after an eight-member U.S. District Court jury reached its unanimous verdict. The jury deliberated 5 1/2 hours over two days before awarding $14,209 in actual damages and $300,000 in punitive damages to Grad. "A lot of people...
Mlive.com, February 23, 2005 --- http://snipurl.com/woofyApt
Who should us simple folk believe?
19,000 of the world's scientists and experts on climatology have signed
declarations saying that blaming rising CO2 levels on mankind is garbage –
junk science at its worst – and they insist that all the available evidence
proves their contention.
"The Myth of Greenhouse Gases," Free Republic, February 23, 2005 --- http://www.freerepublic.com/focus/f-news/1349258/posts
scientist friends scream Bah Humbug!
Since it was published four years ago, the "hockey stick" temperature graph has been used by hundreds of environmentalists, scientists and policy makers to make the case that the industrial era is the cause of global warming. Now, a semiretired Canadian mining executive is raising doubts about the graphic's veracity.
Antonio Regalado, "In Climate Debate, The 'Hockey Stick' Leads to a Face-Off," The Wall Street Journal, February 14, 2005, Page A1 --- http://online.wsj.com/article/0,,SB110834031507653590,00.html?mod=todays_us_page_one
This is what the EPA has to say --- http://yosemite.epa.gov/oar/globalwarming.nsf/content/index.html
Lunatic data of the day
“Medical costs lead more people to bankruptcy,” proclaimed one headline. “Half of personal bankruptcies caused by medical bills,” announced another. These headlines referred to a report about medical bills and bankruptcies. It was featured – with a great sense of urgency – in TV, radio, magazine, and newspaper stories across the nation. The idea that medical costs incurred by people who have little or no insurance caused half the bankruptcies in the United States was alarming to those who heard the news, just as it was meant to be. The source of this shocking announcement was an article published in...
"Farenheit 98.6" Free Republic, February 23, 2005 --- http://www.freerepublic.com/focus/f-news/1349252/posts
Religions that grant licenses to slaughter: This professor's billed as the "Liberal Lunatic of the Day"
conclusion reveals deep anti-American and anti-Judeo-Christian beliefs.
"Genocides and holocausts arise out of unchecked zeal, unquestioned duty,
and silent acquiescence. They are fueled by blind belief, personal fear, and a
sense of superiority that gives license to slaughter. Both the United States
under Bush and its clone under Sharon exemplify the presence of racism
resulting in genocidal devastation as they impose their respective wills on
Iraqis and Palestinians."
Quotes from William A. Cook, "Liberal Lunatic of the Day," Free Republic, February 23, 2005 --- http://www.freerepublic.com/focus/f-news/1349255/posts
They wouldn't give two
bits for Bob Jensen
A student at Ohio State University decided to protest policies there by putting the institution's president, Karen Holbrook, up for auction on eBay, the Associated Press reports. The posting was removed Monday, after bidding had hit millions of dollars. Some enterprising college students are applying the eBay concept to items students would want to buy and sell. College Junktion offers a range of items, including textbooks, dorm furniture, digital music, clothing, and "other junk."
"Quick Takes: Auctioning Presidents and Other College Goods," Inside Higher Ed, February 22, 2005 ---
Forwarded by Auntie Bev
Erika Jensen was driving home from one of her shopping trips in Northern New Hampshire when she saw an elderly neighbor walking on the side of the road.
Feeling sorry for the woman trudging up the mountain road in the cold, Erika stopped the car and asked Mrs. O'Leary if she would like a ride up Sugar Hill.
With a word or two of thanks, she got in the car.
After resuming the journey and a bit of small talk, Mrs. O'Leary noticed a brown box on the seat behind Erika.
"What's in the box?" Asked Mrs. O'Leary?. Erika looked back at the brown box and said, "It's a bottle of wine. I got it on eBay for my husband."
Mrs. O'Leary was silent for a moment, and then said, "Good trade."
Erika chuckled to herself at the moment. But when she got home she seriously commenced to search until she found a headline reading "Christie's to Auction Computer Relics."
That gave her an idea, so she read on at http://money.cnn.com/2005/02/22/technology/cyberspace_sale/index.htm
They're going to miss us
when we're gone
Impending baby boomer retirements, a widening skills gap driven by declining educational standards, and outdated and ineffective approaches to talent management are combining forces to produce a "perfect storm" that threatens the global business economy, according to new research.
"Deloitte: Talent Crisis Looms," SmartPros, February 22, 2005 --- http://accounting.smartpros.com/x47090.xml
Massachusetts may miss
them when they're gone
The decline in permanent, fulltime professors at UMass-Amherst, accompanied by increased numbers of temporary and parttime teachers, echoes a national trend on college campuses. Nationwide, the number of full-time, temporary faculty grew by one-third from 1998 to 2001, and almost half of all college faculty are now part-time teachers, according to the American Association of University Professors. In Massachusetts, while enrollment has held steady at the state's flagship campus, it has lost almost 200 permanent, full-time professors in the last decade. This 19-percent decline in tenured and tenure-track faculty has damaged educational quality and threatens the university's reputation, according to faculty union leaders. Last week, they launched a campaign to educate the public about the changes, and challenged university trustees to join them.
Jenna Russell, "Full-time faculty cuts reverberate at UMass," Boston Globe, February 22, 2005 --- http://www.boston.com/news/education/higher/articles/2005/02/22/full_time_faculty_cuts_reverberate_at_umass/
earlier editions of New Bookmark
s go to http://www.trinity.edu/rjensen/bookurl.htm
Archives of Tidits: Tidbits Directory --- http://www.trinity.edu/rjensen/TidbitsDirectory.htm
Professor Robert E. Jensen (Bob) http://www.trinity.edu/rjensen
Jesse H. Jones Distinguished Professor of Business Administration
Trinity University, San Antonio, TX 78212-7200
Voice: 210-999-7347 Fax: 210-999-8134 Email: firstname.lastname@example.org