Tidbits on March 4, 2005
Bob Jensen at Trinity University 

For 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.
For example if you want to know what Jensen documents have the term "Enron" enter the phrase Jensen AND Enron. Another search engine that covers Trinity and other universities is at http://www.searchedu.com/.

Bob Jensen's home page is at http://www.trinity.edu/rjensen/

An investment in knowledge always pays the best interest.
Benjamin Franklin as quoted by Mark Shapiro at http://irascibleprofessor.com/comments-03-03-05.htm 


Barry Cushing passed away on March 1, 2004.
It is a great sadness to me, because Barry was once one of my doctoral students. I am grateful for our last evening together in Orlando last August. Barry led an exemplary life as an accounting educator/researcher and as a human being. This is a great loss.
His Web page is at http://home.business.utah.edu/~actbec/ 


I love it and use it all the time.  If some module has it wrong, users can easily fix it up themselves.
Jimmy Wales wanted to build a free encyclopedia on the internet. So he raised an army of amateurs and created the self-organizing, self-repairing, hyper-addictive library of the future called Wikipedia --- http://www.wikipedia.org/ 
Daniel H. Pink, "The Book Stops Here," Wired Magazine, March 2005 --- http://www.wired.com/wired/archive/13.03/wiki.html?tw=wn_tophead_4 
Jensen Comment:  When I tried adding my own modules., Jimmy wrote back (seriously) that he liked the material didn't have enough hard drive to put up my long modules.  He thought I was just too verbose.  Can you believe that?  (Don't answer, please.)
Now I'm even more grateful for the generosity of Information Technology Services (ITS) at Trinity University and my good friends with big servers in the Computer Science Department.  Please get well and hurry back Gerald Pitts.
(I operate out of more than one server here at Trinity.  And please, no jokes about hogs from Iowa.)


No, surely not in my case
In the early '90s, psychiatrists and clinicians were beginning to hear of a new medical term, "internet addiction." At first, this was met with a lot of skepticism and denial, however, it became evident that the more people logged on to cyberspace, the more they got hooked.  The 10 Symptoms You Need To Watch Out For:
AskMen.com --- http://www.askmen.com/fashion/body_and_mind/16_better_living.html  

This report from the Pew Internet & American Life Project, authored by Lee Rainie and John Horrigan, takes a critical look at how the Web has mainstreamed into our lives, which is certainly the case in my life.
Internet: The Mainstreaming of Online Life ---  http://www.pewinternet.org/pdfs/Internet_Status_2005.pdf


Beware of your tax preparer:  Just say no to loans based upon anticipated tax refunds
A refund-anticipation loan is a bank loan, short-term borrowing based on the amount you expect from your federal tax refund. It is also a popular marketing tool for the big tax-preparation companies, appealing especially to people living from paycheck to paycheck.  In some limited circumstances, refund-anticipation loans can be beneficial. But for most people, "they're completely unnecessary, an extremely expensive drain on expected refund money," said Jean Ann Fox, director of consumer protection at the Consumer Federation of America.  "It's money out of the pockets of the working poor," Fox said.  The federation and the National Consumer Law Center have been leading the campaign against refund-anticipation loans for several years, with some success. Fees have dropped and disclosures have improved.  But that doesn't change the fact that these so-called instant refunds, with interest rates to make usurers blush, are an expensive way to get use of your own money for a few extra days.
Kevin G. Demarrais, "Quick cash back comes at a cost:   Have a bit of patience, and enjoy your whole tax refund," Houston Chronicle, February 27, 2005 --- http://www.chron.com/CDA/umstory.mpl/business/3058554 
Bob Jensen's threads on consumer frauds are at http://www.trinity.edu/rjensen/FraudReporting.htm 


Just another settlement day at Merrill Lynch
Bucking a spate of previous rulings favorable to the securities industry, arbitrators ordered Merrill Lynch & Co. to pay a Florida couple more than $1 million for failing to disclose that its analysts had conflicts of interest in recommending stocks.

Jed Horowitz, "Merrill Ordered to Pay 2 Clients Over Analyst Conflicts on Stocks," The Wall Street Journal,  March 1, 2005; Page C3 --- http://online.wsj.com/article/0,,SB110962110354266151,00.html?mod=todays_us_money_and_investing 
Jensen Comment:  Merrill Lynch has one of the worst fraud records on Wall Street.  Eliot Spitzer once claimed he had enough smoking guns to bring down Merrill Lynch if he chose to do so.  You can read more by searching for "Merrill" at http://www.trinity.edu/rjensen/fraudrotten.htm 


FTC Annual Fraud Report
The FTC of the US has released its Annual Fraud Report, in which, among other things, it reports an increase in identity theft, amounting to losses of as much as $548 million in the US alone.
FTC: Identity theft, online scams rose in '04 - Computerworld
Gerald Trite's Business Blog, February 17, 2005 --- http://www.zorba.ca/blog.html 

Bob Jensen's fraud updates are at http://www.trinity.edu/rjensen/FraudUpdates.htm

FTC helpers if suspect someone else has become you --- http://www.ftc.gov/bcp/conline/pubs/credit/idtsummary.pdf 

FTC helpers in getting your credit report and FICO score --- http://www.ftc.gov/bcp/conline/edcams/credit/index.html 

FTC consumer warnings --- http://www.ftc.gov/ftc/consumer.htm 


Does employee blogging activity pose a threat to enterprise security? According to Alyn Hockey, director of research at Clearswift, it does, and on two fronts.  "Blogging has definitely emerged as a potential security threat," Hockey says. "Especially when practiced by disgruntled or malicious employees. But simple carelessness is also a factor. They don't necessarily have to have bad intentions to do some damage to a company's brand and reputation."
John K. Waters, "Blogging: New threat to enterprise security?" ADT Newsletter, March 3, 2005 --- http://newsletters.101com.com/sdg/n.asp?pc=HWEB03&nl=23,38,44,36 
Bob Jensen's threads on blogging are at http://www.trinity.edu/~rjensen/245glosf.htm#Weblog 


Blame it on us baby boomers!
Alan's implying that I'm going to be collecting more than you working stiffs can afford.  
Common now, you can work harder than you've been working:  Push that barge and lift that bail

"I fear that we may have already committed more physical resources to the baby-boom generation in its retirement years than our economy has the capacity to deliver. If existing promises need to be changed, those changes should be made sooner rather than later. We owe future retirees as much time as possible to adjust their plans for work, saving, and retirement spending. They need to ensure that their personal resources, along with what they expect to receive from the government, will be sufficient to meet their retirement goals.
Testimony of Chairman Alan Greenspan Economic outlook and current fiscal issues Before the Committee on the Budget, U.S. House of Representatives March 2, 2005

My unfinished essay on the "Pending Collapse of the United States" --- http://www.trinity.edu/rjensen/entitlements.htm


Once again, blame it on us baby boomers!
Bodiford experienced what many Americans may soon face: a shortage of physicians that makes it hard to find convenient, quality health care. The shortage will worsen as 79 million baby boomers reach retirement age and demand more medical care unless the nation starts producing more doctors, according to several new studies.  The country needs to train 3,000 to 10,000 more physicians a year — up from the current 25,000 — to meet the growing medical needs of an aging, wealthy nation, the studies say. Because it takes 10 years to train a doctor, the nation will have a shortage of 85,000 to 200,000 doctors in 2020 unless action is taken soon.  The predictions of a doctor shortage represent an abrupt about-face for the medical profession. For the past quarter-century, the American Medical Association and other industry groups have predicted a glut of doctors and worked to limit the number of new physicians. In 1994, the Journal of the American Medical Association predicted a surplus of 165,000 doctors by 2000.
"Medical miscalculation creates doctor shortage," USA Today, March 3, 2005 --- http://www.usatoday.com/printedition/news/20050303/1a_cover03.art.htm 


Note to AARP:  Australians seem to like their form of private account social security
Clare says the people least likely to shift are those in industry or public defined benefit funds, where many receive above the super guarantee from their employers plus other benefits.  People who are happy with their fund and elect to keep it when they change jobs will be among the main drivers of choice. That is, they will exercise choice by rejecting their new employer's default fund. With about 20 per cent of the workforce changing jobs each year, this is a significant group.
"A switch in time," Sydney Morning Herald, March 2, 2005 --- http://www.smh.com.au/text/articles/2005/03/01/1109546861995.html 


Robin Square Tape
Comedian Robin Williams said it all when he walked on stage with a piece of white tape over his mouth.  Williams was to have performed a song lampooning conservative critic James Dobson, whose group had criticised cartoon character SpongeBob SquarePants for appearing in a video it branded "pro-homosexual." . . . Marc Shaiman, who wrote Williams' original routine, said he decided to withdraw the material after ABC raised objections that would have led to him re-writing 11 of 36 lines. ABC declined to comment.
"Censorship at Oscars irks many," Aljazeera, March 1. 2005 --- http://english.aljazeera.net/NR/exeres/AA763FF7-03FC-40F4-AD8C-53A449F3CE5C.htm 


Phoenix, Oregon Citizen Square Tapes
In wake of Maryland Gov. Robert Ehrlich's ban on state employees speaking to two Baltimore Sun staffers and an Ohio mayor's prohibition on city employees speaking to the local Business Journal, a small town Oregon mayor has announced that all media contact with town officials or employees must be made through her office.
"Another Government Official Bans Contact with Press," Editor and Publisher, March 2, 2005 --- http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1000825822 


We would hate to have Senator Byrd be remembered as a champion of minority rights movement
At 9:51 on the morning of June 10, 1964, Senator Robert C. Byrd completed an address that he had begun fourteen hours and thirteen minutes earlier. The subject was the pending Civil Rights Act of 1964, a measure that occupied the Senate for fifty-seven working days, including six Saturdays. A day earlier, Democratic Whip Hubert Humphrey, the bill's manager, concluded he had the sixty-seven votes required at that time to end the debate. . . . Never in history had the Senate been able to muster enough votes to cut off a filibuster on a civil rights bill. And only once in the thirty-seven years since 1927 had it agreed to cloture for any measure.
"Civil Rights Filibuster Ended," U.S. Senate, June 10, 1964 --- http://www.senate.gov/artandhistory/history/minute/Civil_Rights_Filibuster_Ended.htm 

There's that N-word again
A pair of Jewish groups accused Sen. Robert Byrd on Wednesday of making an outrageous and reprehensible comparison between Adolf Hitler's Nazis and a Senate GOP plan to block Democrats from filibustering. A GOP senator called for Byrd to retract his remarks. Byrd spokesman Tom Gavin denied that Byrd, D-W.Va., had compared Republicans to Hitler. He said that instead, the reference to Nazis in a Senate speech on Tuesday was meant to underscore that the past should not be ignored....
Alan Fram, "GOP Jewish Group Critizes Byrd's Remarks," MyWay, March 2, 2005 --- http://apnews.myway.com/article/20050303/D88J6OG00.html 

The Anti-Defamation League (ADL) expressed outrage at the remarks of West Virginia Senator Robert Byrd, who suggested that some Republican tactics on judicial nominations were similar to Adolf Hitler's use of power in Nazi Germany. In remarks from the Senate floor yesterday, Sen. Byrd compared a Senate rule cutting off debate on nominations to Hitler's use of constitutional means to push legislation through the German Reichstag at the start of the Nazi era. Abraham H. Foxman, ADL National Director, issued the following statement: "It is hideous, outrageous and offensive for Senator Byrd to...
"Senator's Hitler Comparison on Judicial Nominees 'Offensive and Insensitive'," Anti-Defamation League, March 2, 2005 --- http://www.adl.org/PresRele/HolNa_52/4660_52.htm 

Jensen Advice:  
"Dear Senator Byrd, Refrain from the N-word.  Please call Republican Senators Little Eichmans!"


Like it or not, military bashing has a downside
CNN saw its prime-time ratings drop sharply in February, falling further behind Fox News. CNN's ratings dipped 16 percent overall and 21 percent in prime time during February, according to Nielsen Media Research, as some of the cable news channel's biggest stars lost viewers. Fox News was the only one among the four cable news networks to post ratings gains during the month. Fox News is owned by News Corp., which is The Post's parent company. In 2002, Fox News surpassed CNN in the ratings and has been the leader ever since. Fox saw its ratings...
"CNN Sinking in Fox Hole," New York Post, March 3, 2005 --- http://www.nypost.com/business/22209.htm 
Also see http://www.variety.com/VR1117918742.html 


Paint the red states blue:  John's going to learn from Republicans
Democratic vice presidential candidate and former senator John Edwards will be among visiting fellows at Harvard University's Institute of Politics this spring, the school announced yesterday. Edwards, 51, of North Carolina ran for the Democratic nomination for president before being chosen as U.S. Sen. John Kerry's running mate last year. He will join U.S. Rep. Jim Kolbe (R-Ariz.) and Michael Deaver, international vice chairman of Edelman Worldwide and former deputy chief of staff to President Ronald Reagan. Typically, visiting fellows meet with various student groups to discuss topical issues and their experiences in public and...
"Ex-Kerry running mate to join Harvard as fellow," Boston Herald, March 3, 2005 --- http://news.bostonherald.com/localRegional/view.bg?articleid=71250 


A not so pleased Walt Mossberg
So, I've been looking for a simple, reasonably priced product that includes all the hardware and software needed to do these tasks, and can be easily operated by mere mortals. I thought I'd found it when I came across a seemingly simple $49 gadget from ADS Technologies called Instant Music -- a small white box specifically built to turn LPs and tape cassettes into digital files.
Walter Mossbert, "Digitizing Your LPs and Tapes:  ADS Gadget Falls Short In Converting Old Music; The Jim Croce Test," The Wall Street Journal,  March 2, 2005; Page D8 --- http://online.wsj.com/article/0,,SB110971919612167604,00.html?mod=todays_us_personal_journal 


Would  beleaguered Vermont taxpayers also vote for raising taxes to fund their own Vermont Guard?
Fifty-two communities in Vermont are, in effect, determining their own foreign policy today — voting on a referendum that would urge state leaders to stop sending the state's National Guard (search) troops to war. The resolution would also ask President Bush to immediately withdraw U.S. troops from Iraq. The issue was raised across the state at Vermont's annual Town Meeting Day (search), where residents usually gather to vote on local issues. But the Washington Times reports that the referendum is part of a growing anti-war sentiment across the state including in Brattleboro, Vermont, where officials removed the phrase "freedom is...

Brit Hume, Fox News, March 2, 2005 --- http://www.foxnews.com/story/0,2933,149189,00.html 


Holy Scary!  The manual on how to end civilized civilizations 
Doesn't Bin Laden get it?  He's also educating his enemies if and when he or his cohorts cease power.  
Nobody can be secure from this type of terrorism among fanatics on any side of a dispute.

In the year since the September 11 attacks, few more chilling documents have emerged than "Military Studies in the Jihad Against the Tyrants," a how-to terrorism manual that investigators believe has been used by followers of Osama bin Laden.  The 180-page volume, seized from the Manchester, England home of a bin Laden disciple, offers jihad members guidance on subjects such as assassination, forging documents, and preparing poisons in its 18 chapters. The terrorism manual was placed into evidence last year by prosecutors during the federal trial of four men accused of involvement in the 1998 bombing of U.S. embassies in Kenya and Tanzania (the below English translation was also placed in evidence). All four defendants were convicted and sentenced to life in prison.
"Bin Laden's Terrorism Bible," The Smoking Gun --- http://www.thesmokinggun.com/archive/jihadmanual.html 

While TSG has previously published small excerpts from this terror bible, we now present the entire document, a remarkable window into bin Laden's network of cold-blooded fanatics.

Title, Opening Pages, And Introduction (11 pages)

First Lesson: General Introduction (4 pages)

Second Lesson: Necessary Qualifications And Characteristics For The Organization's Member (7 pages)

Third Lesson: Counterfeit Currency And Forged Documents (3 pages)

Fourth Lesson: Organization Military Bases "Apartments-Hiding Places" (4 pages)

Fifth Lesson: Means of Communication And Transportation (15 pages)

Sixth Lesson: Training (3 pages)

Seventh Lesson: Weapons: Measures Related To Buying And Transporting Them (5 pages)

Eighth Lesson: Member Safety (5 pages)

Ninth Lesson: Security Plan (12 pages)

Tenth Lesson: Special Tactical Operations (7 pages)

Eleventh Lesson: Espionage (1) Information-Gathering Using Open Methods (10 pages)

Twelfth Lesson: Espionage (2) Information-Gathering Using Covert Methods (15 pages)

Thirteenth Lesson: Secret Writing And Ciphers And Codes (17 pages)

Fourteenth Lesson: Kidnapping And Assassinations Using Rifles And Pistols (23 pages)

Fifteenth Lesson: Explosives (13 pages)

Sixteenth Lesson: Assassinations Using Poisons And Cold Steel (8 pages)

Seventeenth Lesson: Interrogation And Investigation (15 pages)

Eighteenth Lesson: Prisons And Detention Centers (2 pages)


Another scary sign of the times
Juvenile offenders were infrequent arrivals to Texas' death row until the 1990s, when escalating juvenile violence and a new breed of young killer prompted a severe reaction from the criminal justice system. Only four Texas juvenile offenders were executed for crimes committed in the 1970s. Ditto for the 1980s, though one inmate from that decade remains on death row. The turbulent 1990s saw a different story. An explosion of juvenile crime, including a huge increase in juvenile homicides, brought the gloves off. Most juvenile offenders currently on Texas' death row — 25 of 28 — committed their crimes in that...
Mike Tolson, Houston Chronicle, March 2, 2005 --- http://www.freerepublic.com/focus/f-news/1354194/posts 

The gangs of New York are getting younger and younger. Concerned prosecutors across the city are warning that the city's violent street toughs are recruiting a new generation of baby-faced followers. The rise of teen gangs was highlighted this month by the shooting death of Bronx football star Fernando Correa, who had refused to join a local gang. But across the city, children younger than 10 are being forced to choose sides, prosecutors and law enforcement sources told the Daily News. "It's been building. There are rumblings in the elementary schools," said a law enforcement source. "Everybody says they're wanna-bes....
Elizabeth Hayes, "Nine-year-olds forced into gangs:  Elementary schools now in the clutches as toughs extend recruiting," New York Daily News, March 2, 2005 --- http://www.nydailynews.com/front/story/284825p-243953c.html 


Engine Out Over the North Pole
A British Airways 747 that flew from Los Angeles to England after one of its four engines failed during takeoff has set off a controversy over the risk of flying 10 hours with a dead engine.  Passengers heard the pops, and people on the ground saw sparks flying out from beneath the wing. A British Airways 747 had an engine fail during takeoff in Los Angeles 10 days ago.  But instead of returning to the airport to land, Flight 268 continued on across the U.S, up near the North Pole, across the Atlantic -- all the way to England.  The flight, with 351 passengers on board, didn't quite make it to London, its scheduled destination. It eventually made an emergency landing in Manchester, England, setting off a controversy over the risk of flying 10 hours with a dead engine hanging under the wing.
"Crossing the Atlantic With a Dead Engine," The Wall Street Journal, March 1, 2005, Page D1 --- http://online.wsj.com/article/0,,SB110963519929666421,00.html?mod=todays_us_personal_journal 


Perish the Thought:  I think foundations should be diverting more money away from universities and into schools like this.  It's time to get more serious about the future of many young people who can fill the biggest labor voids in America.
Students have flocked for years to the College of Lake County in Grayslake to tinker with refrigerators, learn how to repair cars and hone their accounting skills.  But now, thanks to a new $36.4 million state-of-the-art technology building, they're doing it with some of the latest technology available, including high-tech equipment that can scan car computers.  "We're teaching them the systems they're going to need when they go out and work," said Lourdene Huhra, dean of the business division. "Our equipment is as good as the equipment they'll use on the job."  The building opened in mid-January and is designed to provide a central location for programs offered by the college's business and engineering, math and physical science divisions.
"College rolls out high-tech facility," Chicago Tribune, February 27, 2005 --- http://snipurl.com/TribFeb27 


Would you please repeat what you just said
Ear-wax-removal kits claim to soften excessive ear wax if you place three to five drops of the carbamide peroxide solution in your ear twice daily for as many as four days. But listen up: That ear-wax-removal kit you can buy over-the-counter could cause more problems than it solves. . . I don't believe in self-irrigation," says Stephen Epstein, an ear specialist who runs the Ear Center in Wheaton, Md. The removal kits require a consumer to perform a "relatively blind procedure," since a person can't see exactly what he's doing, he says. Moreover, he says, if an infection ensues, you might end up needing two or three visits to the doctor and a course of antibiotics. Dr. Epstein says he sees three to five people a month who have tried the kits with poor results. Sometimes, the solutions irritate the ear canal, causing itching or inflammation. At worst, the wax could run deeper into the ear, leaving residue on the eardrum.
Gintautas Dumcius, "Removing Wax From Your Ears," The Wall Street Journal, March 1, 2005; Page D6 --- http://online.wsj.com/article/0,,SB110963135300766318,00.html?mod=todays_us_personal_journal 
Jensen Comment:  The article goes on to report that not all experts agree with Stephen Epstein.


After the adverse publicity, I wonder if his speaking fees have increased or decreased?
Administrators (University of Wisconsin --- Whitewater) wrestled with the decision to host Churchill, as Hamilton and several other schools canceled appearances. It was decided to go forward as planned only when it was determined that the event could be held safely, and after an exchange of letters with Churchill in which he said he expected to be paid his $4,000 honorarium even if the event was shelved, and that he would use some of the money to come and speak on another occasion to those who wanted to hear him.
"Wisconsin university prepares for Churchill," Rocky Mountain News, March 1, 2005 ---  http://rockymountainnews.com/drmn/local/article/0,1299,DRMN_15_3584230,00.html  
Bob Jensen's threads on Ward Churchill are at http://www.trinity.edu/rjensen/hypocrisyChurchill.htm 

I've been invited to speak at hundreds of universities, but no university has ever paid me as much as $4,000. (Sigh!)  Just as of late, as fate would have it, I'm beginning to envision  little eichmans in the accounting profession.  I also know a couple of auditors who resemble Rudolf Hess.


It would help if you put it on your passport
. . . we identify as “totalitarian radicals,” “anti-American radicals,” “leftists,” “moderate leftists” and “affective leftists.”  (The latter includes mostly entertainment figures whose politics are emotionally rather than intellectually based in a way I will get to below.) We have arranged the grid this way, even though we think it feeds certain illusions, to accommodate those who expressed anguish over the grid in its original format where there were no such...
"Defining the Left," y David Horowitz, FrontPageMagazine.com, March 2, 2005 --- http://www.frontpagemagazine.com/Articles/Printable.asp?ID=17190 


Treading softly but surely on pros in college sports:  Many more basket weaving diplomas expected
College sports programs tiptoed Monday into an uncertain new world of academic accountability, as the National Collegiate Athletic Association unveiled a complex system for monitoring the classroom progress of Division I athletes and gave the public its first glimpse at how individual colleges fared under the new standards.  The system could eventually punish institutions that fail to keep their athletes moving toward a degree. But no penalties are attached to this first year's reports, and the NCAA has modified the system in recent weeks in ways that delay or soften the potential blows against sports programs.
Doug Lederman, "New Way to Keep Score," Inside Higher Ed, March 1, 2005 --- http://www.insidehighered.com/insider/new_way_to_keep_score 


Not treading so softly on college athletics:  Sometimes you can't even pay to have an article published
As a student in a new investigative journalism course at Rutgers University last fall, Fraidy Reiss dove headlong into the assignment to write two articles exploring subjects at the university. Her first piece, about Rutgers's system for evaluating teachers, was the lead story in the student-run Daily Targum one day last October.  For her second article, Reiss explored a set of programs and services available only to Rutgers athletes, including special sections of a communications course, financed by an alumnus, and a bevy of tutors and monitors to help athletes with their work and make sure they go to class, among others.  The instructor in the investigative journalism course worked with her on the article, as did student editors at The Targum, which helps sponsor the class. The article garnered an A+ grade in the course, and Targum editors spent weeks trying to help her shape the piece for publication, and paid $250 to cover the costs of an open records request she filed for reports on athletes' grades.  But this month, the newspaper's editors told Reiss that they would not run the article, saying it was too one-sidedly critical of the sports program. Frustrated, Reiss decided (with the help of an alumnus critical of the Scarlet Knight sports program) to try to publish the article as an advertisement in The Daily Targum. But last week, the newspaper rejected the ad, too.
Doug Ledgerman, "Hitting Too Close to Home," Inside Higher Ed, March 2, 2005 --- http://www.insidehighered.com/insider/hitting_too_close_to_home 
Jensen Comment:  The Targum and university officials are  probably adding fuel to the fire.  By rejecting both the article and the advertisement, the rejection publicity itself will motivate every student to read the article.  Furthermore, folks around the world will be eagerly awaiting when this article when and if it appears on the Web.  


Say what?  Another victim of television and Viagra
Britain's big pub companies are trying to reinvent the traditional British pub, best known for its fireplace, bad food and warm beer. The reason: Britons are drinking less beer these days, and even less at the pub.  To further entice post-office customers, the Case offers a $1 discount on coffee or tea if they linger in the pub. To beef up the offer, Mr. Senior last year spent about $3,200 on a professional coffee machine. "I told him he was mad to spend that," Mrs. Senior says. Yet, coffee sales have since jumped to about $380 a week from about $100 previously, she says. "We've got to sell everything we can," Mr. Senior says. "If you want an ice cream or a hot chocolate, we've got to be able to supply it. There are very few places left where you can sell beer full stop."
Jensen Comment:  The pubs are becoming after-hours post offices and mini-marts.  I think I preferred the old-style dark and quiet pubs with charcoal burning fireplaces, cockney accents, and bad food.


Mum's the Word:  I bet they still whisper to their mistresses and friends on Wall Street
Fewer U.S. companies are offering earnings guidance to investors and analysts, a survey found. Just 55% of firms offered guidance last year, down from 72% in 2003.  Those Providing Forecasts Fell Last Year to 55% From 72%; Drawback for Smaller Investors?
Gregory Zuckerman, "CEOs Turn Mum About Projecting Earnings," The Wall Street Journal, March 1, 2005 --- http://online.wsj.com/article/0,,SB110964376210666684,00.html?mod=todays_us_money_and_investing 


Mum's not the word in Blog land
Some eight million Americans now publish blogs and 32 million people read them, according to the Pew Internet & American Life Project. What began as a form of public diary-keeping has become an important supplement to a business's online strategy: Blogs can connect with consumers on a personal level -- and keep them visiting a company's Web site regularly.
Riva Richmond, "Blogs Keep Internet Customers Coming Back," The Wall Street Journal, March 1, 2005; Page B8 --- http://online.wsj.com/article/0,,SB110963746474866537,00.html?mod=todays_us_marketplace 
Bob Jensen's threads on Weblogs and blogs are at http://www.trinity.edu/~rjensen/245glosf.htm#Weblog 


Optic nerve hypoplasia
Opthalmologists are baffled by the rising prevalence of a rare condition called optic nerve hypoplasia, which can cause visual impairment or total blindness in babies.  "It used to be so rare that people would trade slides of the few known cases," says Michael Brodsky, a pediatric neuro-ophthalmologist at University of Arkansas for Medical Sciences in Little Rock. Since the 1970s, however, diagnoses of optic nerve hypoplasia have escalated. Dr. Borchert says he alone has seen at least 500 victims, and he estimates there are thousands of cases nationwide. Hard numbers on children who are blind or visually impaired are difficult to obtain. But, says Dr. Brodsky, "these cases are now filling up our clinics."
Kevin Helliker, "Pediatric Puzzle: A Sharp Increase In Infant Vision Problem Baffles Doctors," The Wall Street Journal, March 1, 2005; Page D1 --- http://online.wsj.com/article/0,,SB110963006386166280,00.html?mod=todays_us_personal_journal 


Just think of the interest that's piling up at $2,877 per hour each 24 hours of each of seven days of every week
U.S. authorities announced one of the largest individual criminal tax cases ever, accusing a Washington telecommunications businessman of failing to pay about $210 million in taxes.  A federal grand jury in Washington returned a 12-count indictment last Wednesday under seal that charged Walter Anderson, 51 years old, with a plan to evade federal and District of Columbia taxes.  Mr. Anderson was arrested Saturday at Washington Dulles International Airport after he stepped off a flight from London.  The indictment alleges Mr. Anderson earned nearly $450 million through investments and offshore operations that he established to make it appear as if he wasn't personally earning the money, the Justice Department said.
"Man Is Accused Of $210 Million Tax Evasion," The Wall Street Journal, March 1, 2005, Page D2 --- http://online.wsj.com/article/0,,SB110963908825166585,00.html?mod=todays_us_personal_journal 


What has life expectancy risen to in the United States?
Life expectancy in the U.S. climbed to a record in 2003, as deaths from heart disease and cancer declined.  According to information from the Centers for Disease Control and Prevention, average life expectancy rose to 77.6 years in 2003 from 77.3 years in 2002.
Jennifer Corbett Dooren, "Americans' Life Expectancy Rose to Record High in 2003," The Wall Street Journal, March 1, 2005; Page D8 --- http://online.wsj.com/article/0,,SB110963558261366439,00.html?mod=todays_us_personal_journal 
Jensen Comment:  Medicare has significantly extended the life expectancy of a citizen in the U.S. while it significantly lowers the expected life of the United States itself.
Bob Jensen's unfinished essay on entitlements is at http://www.trinity.edu/rjensen/entitlements.htm 


War Shortages
General Motors Corp. will offer to repurchase new cars bought by dealers from its five divisions. This is to reduce the "wild" trading that might result if dealers had to reduce stocks involuntarily and prevent cars from falling into "bootlegger" hands.
The Wall Street Journal, March 3, 1942 


The Vioxx fallout hits multiple sclerosis patients.
Tysabri had received accelerated approval from the FDA just three months ago because clinical trials had shown it to be twice as effective as alternative therapies in preventing flare-ups of MS, which is a degenerative and eventually fatal disease. Tysabri is also easier to take than alternative treatments, and tolerated by a subset of MS patients who can't take the others at all.  But for the indefinite future everyone will have to do without because two of the thousands of patients who've received Tysabri developed a rare neurological disorder. Those two patients happened to also be on another immuno-suppressive MS treatment called Avonex. There is no reason to believe that Tysabri has caused this disorder when used alone.  There's plenty of blame to go around here, starting with the trial lawyers and their climate of fear. Congressmen who demagogue about non-existent FDA safety "lapses" aren't much better. But we're also disappointed with CEOs who imagine they're doing patients and shareholders a favor with such rash decisions. In retrospect, Merck CEO Ray Gilmartin only strengthened the hand of the lawyers by withdrawing Vioxx when the FDA would have been content with relabeling.
"Drug Twilight Zone," The Wall Street Journal,  March 2, 2005; Page A16 --- http://online.wsj.com/article/0,,SB110972765984167851,00.html?mod=opinion&ojcontent=otep 


New oxymoron:  Hungarian wedding
"Most Hungarian Adults Single for the First Time in History, Report," Weird News, March 1, 3005 --- http://snipurl.com/HungarianWeddings 


Hungarians should seek out marriage proposal consulting that seems to lead to more nuptials in the U.S.
This is just the sort of anxiety that sends men hot-footing off to companies such as the Massachusetts website 2propose.com, run by Paul Alden, a former wedding photographer.  Like its rivals, such as anexclusiveengagement.com or anamazingproposal.com, the site offers a range of services, from 100 proposal concepts for $US9.99 ($12.70) to a more expensive tailored service in which proposal co-ordinators sort out a specific plan and arrange it all.  Ideas in the basic package include painting "Marry me" on bowls at a bowling alley, hiring out the Magic Kingdom Rose Garden at Disneyland and getting yourself delivered to your beloved's door inside a box.  Some of the 3000 people who register on the site each month opt for something far more elaborate, says Alden. He mentions a man who arranged for a fake television crew to ambush him and his girlfriend as they took a carriage around Central Park and then "film" him going down on one knee.  Another client remembered his girlfriend being upset at not being able to land near a beautiful waterfall in Hawaii as they flew over in a helicopter on holiday. Alden's company tracked down the only pilot licensed to land at the spot. He brought them down, produced a picnic and, when they got back to the airport, the couple were taken by limo to a restaurant where they were serenaded by a violinist. Total cost: about $US3750, not including the air fares to Hawaii.
"Popping the question goes professional," Sydney Morning Herald, March 3, 2005 --- http://www.smh.com.au/text/articles/2005/03/02/1109700540627.html 


Let's hope that single parents in Hungary don't go by way of those in the U.K.
The reasons for this moral decline are as clear as the aforementioned statistics are bleak. As James Bartholomew argues in his recent book "The Welfare State We're In" (Politico's, 2004), the blame rests squarely on the growth of the welfare state, which has removed personal responsibility in large areas of people's lives and substituted dependency on the state and the rule of the bureaucrat. The state is complicit in the breakdown of the family; consider Mr. Bartholomew's example of how the state has promoted single-parent families by taxing married couples -- and abolishing the marriage allowance -- while giving increasing amounts of money to single parents.  No wonder, then, that from 1972 to 1992 the proportion of children living with a lone parent tripled to 21% from 7%. The link with rising crime is reflected in one shaming statistic: One-third of the people in U.K. prisons spent time in an orphanage at some time in their childhood. One prison governor, on being asked how many of the inmates had formerly been taken into foster care, replied: "Nearly all of them."  Indeed, the collapse of the traditional nuclear family has hit the poorest classes quite disproportionately, with nearly a quarter of girls whose fathers were unskilled workers becoming teenage mothers, mostly outside marriage. Divorces have risen sevenfold since 1960, and these also have been much more common among the poor.
Russell Lewis, "Unruly Britannia," The Wall Street Journal (Europe), March 3, 2005 --- http://online.wsj.com/article/0,,SB110980295622868708,00.html?mod=opinion&ojcontent=otep 


What giant search engine turned ten years old?  It's almost reached puberty.
Which web powerhouse was started by two Stanford geeks as a simple search page with a silly name and became the biggest thing on the internet? Nope, not Google. Try again. The invisible giant turns 10.  Still, the adulation must rankle the folks at a certain company (Google) just down the road in Silicon Valley - another search engine founded by two precocious Stanford grads with a cute name, colorful logo, and simple homepage. The indignity is all the greater when you consider Yahoo!'s numbers: 165 million registered users, 345 million unique visitors a month, $49 billion market cap, and a 62 per­cent increase in revenue last quarter, bringing 2004 total revenue to $3.6 billion. Yahoo! makes more money and has more patents, services, and users than Google; it even has its own yodel. Given its recent blowout financial results and the expected continued explosion of online advertising, Yahoo! may very well be the most valuable business on the Web. And yet, as Jerry Yang and David Filo's startup celebrates its 10th anniversary March 2, Yahoo! is the biggest consumer Internet company you may almost never think about.
"The UnGoogle (Yes, Yahoo!)," Wired Magazine, March 2005 --- http://www.wired.com/wired/archive/13.03/yahoo.html?tw=wn_tophead_4 


Hero cat finds a home in Bangor --- now it has to learn English
A little Iraqi has a new home in Maine. H.P. the cat was adopted by National Guard troopers serving with the 152nd Field Artillery Battalion. Spc. Jesse Cote said the cat was starving and toothless when they found it. But the GI's were able to nurse H.P. back to health. The cat ate and slept with the soldiers and even helped them. Cote said H.P. would be the first to react to mortar fire and was their warning of incoming.
"Iraqi Cat Who Helped U.S. Troops Finds American Home," ClickOnDetroit, March 1, 2005 --- http://www.clickondetroit.com/family/4241748/detail.html 


One woman's solution to long-term care
The 82-year-old Marin County woman cannot walk and says she has no place to go, so she has remained planted in a hospital bed at Kaiser Permanente San Rafael Medical Center for the past year.  Despite every effort by Kaiser officials to get her out, Nome has refused to leave or pay the $3,090 a day that the hospital charges to put her up. She said she will continue squatting at Kaiser until a place is found in Marin where she can live and get the treatment she requires.  "When you pay Kaiser insurance month after month for 50 years like I have, you expect to be treated like a good patient and a human being," Nome said the other day from her hospital bed. "If I had known that Kaiser would take me for only a couple of days and then would expect my family to take care of me, I would have paid my family what I paid for insurance."
Peter Fimrite, "OVERSTAYING HER WELCOME Disgruntled patient hasn't budged from hospital for a year," The San Francisco Chronicle, March 1, 2005 --- http://sfgate.com/cgi-bin/article.cgi?file=/c/a/2005/03/01/MNG76BII1M1.DTL 


One home invasion intruder put away for life
Chelsea (Alabama, Shelby County) man shoots armed intruder to death after being tied The Associated Press An armed, masked intruder was shot to death by a Chelsea man who managed to free himself after he was tied up and his wife held at gunpoint during a robbery in their home, Shelby County authorities said. Sheriff Chris Curry said a female accomplice was arrested while attempting to flee the scene. Sheriff's officers did not immediately release the name of the man who killed the intruder during the home invasion about 2 a.m. Sunday. The suspected burglar...
Birmingham Times, February 28, 2005 --- http://www.freerepublic.com/focus/f-news/1353390/posts 


This might replace one-sheet teaching evaluations
What you say or do when teaching, you may be on Candid Camera or student Web sites

Brick Township school officials might ban cell phones after a student's phone cam videotaped a teacher's outburst. Students said the teacher began yelling when students failed to show respect to the national anthem. The tape was posted on several independent Web sites.
"Teacher's Outburst Caught On Camera Student Shoots Teacher On Cell Phone Camera," NBC, March 2, 2005 --- http://www.nbc10.com/news/4245196/detail.html 


The Heavier Side
Dark Hero of the Information Age: In Search of Norbert Wiener, the Father of Cybernetics
, by Flo Conway and Jim Siegelman. Basic Books, 423 pages, $27.50.  

It is hardly the greatest scientific mystery of the 20th century, but it is a riddle just the same: why did Norbert Wiener - gray eminence of gray matter, inventor of cybernetics, founding theorist of the information age - abandon his closest young colleagues just as they were about to embark on an exciting new collaboration on the workings of the brain?
Cornelia Dean, "A Brilliant Mind and an Anguished Life," The New York Times, March 1, 2005 --- http://www.nytimes.com/2005/03/01/science/01book.html
Jensen Comment:  

Jensen Comment:  Now the Lighter Side
Norbert Wiener (1894-1964), US mathematician. The archetype of the genius and absent-minded professor.

http://dalido.narod.ru/NW/NW-quote5.html 

http://snipurl.com/WeinerTime

http://people.cornellcollege.edu/ltabak/publications/articles/wiener.html 

http://www-groups.dcs.st-and.ac.uk/~history/Mathematicians/Wiener_Norbert.html 

http://www.xs4all.nl/~jcdverha/scijokes/Wiener.html 

http://www.anvari.org/shortjoke/Science_Humor/199.html 

http://www.anecdotage.com/index.php?aid=9224 

http://www.angelfire.com/co/1x137/cybros.html 

The list actually seems endless


Female assistant professors earn on average 91 percent of what their male counterparts earn.
Scott Jaschick quoting a report by Yale graduate students, "Larry Summers Isn't Alone," Inside Higher Ed, March 1, 2005 --- http://www.insidehighered.com/insider/larry_summers_isn_t_alone 
Jensen Comment:  I didn't investigate the 91 percent claim, but I suspect this is just one more way of using statistics to mislead.  Graduate students of Yale should be above such an unethical tactic.  My guess is the following:  Salaries and benefits of new hires of females are probably as high or higher than salaries and benefits of male hires in all respective disciplines.  I really doubt that there is gender discrimination within any discipline.  Even within the highest paying disciplines, such as computer science, I suspect that all women hired in Ivy League schools are getting no less than their male counterparts at the assistant professor level.  

The discrepancy in pay arises between disciplines, not between men versus women.  Some disciplines have a much higher supply of applicants making it possible (although many do not view as politically correct) to land top assistant professors at lower salaries.  In other disciplines such as computer science, the number of male and female applicants is so small and so competitive that higher offers must be made to land a top candidate, female or male.  In the discipline of accountancy, my guess is that there is a much higher proportion of female PhD graduates than in computer science.  These females are getting assistant professor offers equivalent to their male counterparts, and those offers are higher than in most other disciplines because there are so few male and female accountancy doctoral students across the world.  

I would be shocked of there is serious  gender discrimination at the hiring level in major universities.  Reasons why there are so many doctoral graduates in some disciplines and such a shortage in others are very complex.  I suspect many find accounting and computer science more boring even if the pay is better.  I do know of several professors of accounting who got doctoral degrees in other areas (e.g., one in German Literature and several in Economics) who admitted to me that, after discovering both the hiring opportunities and salary differentials, they earned a second doctoral degree in accountancy.  Of course there are some other accounting professors who for one reason or another are now teaching in other disciplines.

I might add that within the "broad" profession of accountancy the same type of gender pay differentials arise.  But the difference lies within the type of accountancy (such as clerical versus ERP auditing) rather than gender bias per se.  A top ERP auditor is going to get a better offer than a clerk whether that auditor is male or female.

March 1, 2005 reply from Richard C. Sansing [Richard.C.Sansing@DARTMOUTH.EDU

A competing hypothesis that is similar to yours in spirit is that if more experienced faculty earn more and the percentage of female hires is increasing over time, the same 91% figure could be true even though after controlling for both discipline and experience, men and women have the same level of earnings.

The study, which is at:

http://www.yaleunions.org/geso/reports/Ivy.pdf 

reports an unconditional mean of 91%, which controls for neither discipline nor experience. However, it reports similar disparities when controlling for rank (full, associate, assistant), so I suspect that controlling for experience wouldn't change the analysis much.

As for your comment, "Graduate students of Yale should be above such an unethical tactic.", I strive to avoid attributing to malice anything that ineptitude can also explain.

Richard C. Sansing 
Associate Professor of Business Administration 
Tuck School of Business at Dartmouth 100 Tuck Hall 
email: Richard.C.Sansing@dartmouth.edu 


"Accounting Firms Hiring Thousands of '05 Grads," SmartPros, February 23, 2005 --- http://accounting.smartpros.com/x47148.xml 

Feb. 23, 2005 (SmartPros) — The job market for 2005 college graduates is predicted to be the best since 2000, according to Michigan State University's annual Recruiting Trends survey. The top employers include several accounting and consulting firms.

The survey respondents are ranked according to the projected number of hires from college recruiting for the Class of 2005. The top 20 employers, followed by their projected number of hires, are:

1 - Enterprise Rent-A-Car--7,000 
2 - PricewaterhouseCoopers--3,170
3 - Ernst & Young LLP--2,900 
4 - Lockheed Martin--2,863 
5 - KPMG--2,240 
6 - Sodexho, Inc.--2,050 
7 - Fairfax County Public Schools--1,600 
8 - Accenture--1,540 
9 - Northrop Grumman--1,266 
10 - United States Customs & Border Protection--1,200 
11 - Target--1,127 
12 - United States Air Force--1,095 
13 - Raytheon Company--1,000 
14 - Microsoft--970 
15 - JPMorgan Chase--810 
16 - Procter & Gamble--569 
17 - Liberty Mutual--545 
18 - Grant Thornton--500 
19 - Bank of America--413 
20 - United States Air Force Personnel Center/DPKR--400

According to the survey, economic sectors showing strength this year include: retail, wholesale, transportation (not including airlines), health services, entertainment and real estate.

February 28, 2005 reply from Jagdish Gangolly [JGangolly@UAMAIL.ALBANY.EDU

Bob,

One can describe the reason for Accenture's needs for accountants in ONE word: outsourcing.

The following is from www.accenture.com  webpage:

Outsourcing

Application Outsourcing 


Business Process Outsourcing Accenture Finance Solutions-Accenture HR Services-Accenture

 Learning-Accenture Procurement Solutions-Accenture Business Services for Utilities-Accenture eDemocracy Services-Navitaire-Accenture Insurance Services 


Infrastructure Outsourcing

Jagdish S. Gangolly, 
Associate Professor 
School of Business & NY State Center for Information Forensics & Assurance 
State University of New York at Albany BA 365C, 
1400 Washington Avenue, Albany, NY 12222 
email:
j.gangolly@albany.edu 

March 1, 2005 messages from Bob Jensen and Chuck Johnson

I hope Professor Johnson doesn’t mind if I share this with you. I suspect this is partly conjecture on his part, but it is somewhat more than conjecture. His reasoning makes sense to me. Apparently Enterprise has a different business model than other car rental firms.

There may be some fast food chains with similar models.

Bob Jensen

-----Original Message----- 
From: Kenneth Johnson [mailto:kjohnson@GeorgiaSouthern.edu]  
Sent: Tuesday, March 01, 2005 10:25 AM 
To: Jensen, Robert 
Subject: Re: Accounting Firms Hiring Thousands

Bob,

FYI, EnterpriesRent-a-Car's hiring of so many college graduates is driven by the firm's basic business model. Enterprise has thousands of small offices. When business volume at a particular location reaches a certain point a new office is created a few miles away. The way I understand it, each new hire does everything, from: taking reservations, serving customers, picking up and dropping off customers, and even washing cars. Their favorite hire is a graduate of modest academic achievement but with lots of extracurricular activities and good people skills. I learned all of this from a strategic management textbook I taught out of a few years ago; Enterprise was a side-bar mini-case.

BTW, the way I read it, the 7,000 figure cited in the 2000 Michigan State University's annual Recruiting Trends survey was total college graduates, not just accountants.

Thanks for the constant stream of interesting stuff.

Chuck Johnson

Bob Jensen's threads on accounting careers are at http://www.trinity.edu/rjensen/bookbob1.htm#careers  


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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:  rjensen@trinity.edu  

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