Posts Tagged ‘austerity’
China is the most famous case, having in ten years more than tripled the number of college graduates from 9 million to 30 million. Since 1991, Singapore has added four universities to its previous two, and by 2020 will have a higher bachelors degree proportion than the US. Indonesia has 30 public universities, and 2000 new private universities. The Philippines has 500 public universities and 1500 new privates. Vietnam has gone from 150 universities in 2000 to over 400 today, with 20 percent of those being private.
The scale refutes the number one economic premise of American MOOC development, which is that even rich countries can’t afford great public universities anymore, so medium- and low-income countries shouldn’t try. In the North American mythology, less “developed” countries must teach their teeming masses on line, with low-cost American MOOC services endorsed by MIT, Stanford, Harvard, and Penn. And yet Asian countries are ignoring this Western wisdom. They have rejected its “build nothing” implications.
* The quest for Shadow of the Colossus‘ last big secret. Very interesting piece about game fandom and community.
* …the 401(k) is a way for both your government and your employer to disown you, and to leave your life savings to be raided by the financial-services industry and its plethora of hidden and invidious fees.
The University of Wisconsin proves again that austerity is a no-win game: Successfully making budget cuts only shows you were wasting money in the first place, proving still more cuts are necessary.
* The wisdom of markets: hacked @AP Twitter account sends Dow Jones Industrial Average tumbling 150 points in a few seconds.
* Graduate school and the peak-end heuristic. It’s a thing!
Peterson, who has a masters in linguistics from the University of California–San Diego and founded the Language Creation Society, spent twelve to fourteen hours a day, every day, for two months working on the proposal that landed him the Thrones job. When he was finished, he had more than 300 pages of vocabulary and notes detailing how the Dothraki language would sound and function. “The application process favored those of us who were unemployed at the time, which I was,” Peterson laughed.
* And a little something for the whatthefuckaricans out there: Marc Maron…IN SPACE.
* When Dickens met Dostoevsky: the best piece on a multi-decade literary hoax you may ever read.
* Over the past 23 years, California constructed roughly one new prison per year, at a cost of $100 million each, while it built only one new public college during the same period. Nationwide, spending on prisons has risen six times faster than spending on higher education.
* “Becoming oneself” has turned into a crappy job — a compulsory low-paying, low-skill job. The promise of modernity, that we might escape the contingent circumstances of our birth and become who we “really are,” has become an injunction to continually work on the self with no hope of ever fully knowing ourselves or feeling fully recognized. Neoliberal ideology, as Jodi Dean argues in the quote above, effaces boundaries between work and life and requires subjects to continually seek opportunity to prove their creativity and flexibility. Social-media companies have emerged to offer just that, an endless number of opportunities for us to test our creativity and transform everyday life experience into proof of our economic fitness. Social-media profiles may thereby become necessary collateral, mandatory passports to participate in a consumer society gone “social.”
* And Google wants to build the Star Trek computer. More and more it seems clear that Google is run by crazy people.
“If the numbers are accurate, the government will make more money on student loans than Ford makes on automobiles,” he said. “Using student loans to create a profit center is not what anybody intended.”
* Wisconsin, unfortunately, has become a case study in the failure of austerity economics at the state level.
As Maisto puts it: “The most vulnerable students tend to get taught by the least supported faculty. And if that doesn’t bother people, it should.”
Stick around for some eye-popping rationalizations from senior administrators.
* Of those students who place into remedial math at CUNY, 20 percent have progressed to a for-credit course two years later. After six years, just one in four have managed to earn any degree. A national research report published last year called remediation a “bridge to nowhere.” System Failure: The Collapse of Public Education.
“If you start in remediation,” says Tom Sugar of Complete College America, the think tank that published the “bridge to nowhere” report, “there’s virtually no chance you’re going to end up with a college degree.”
“Those are astronomical numbers. I’m floored,” said Dr. William Graf, a pediatric neurologist in New Haven and a professor at the Yale School of Medicine. He added, “Mild symptoms are being diagnosed so readily, which goes well beyond the disorder and beyond the zone of ambiguity to pure enhancement of children who are otherwise healthy.”
* Tough times in the U.K.: the Queen got a mere $5 million dollar raise this year.
* New journal: The Journal of Popular Television, Volume 1, Number 1.
* And your Tumblr of the minute: Mean Girls + Mad Men = Mean Mad Men. So good I don’t even care if I’ve done this one before.
According to KnoxNews, Tennessee legislators are attempting to pass legislation to cut the welfare benefits of parents with children who don’t meet attendance and performance requirements. The bill, SB 132, is sponsored by Sen. Stacey Campfield, R-Knoxville, and Rep. Vance Dennis, R-Savannah, and has passed committees in both the House and Senate, and now heads to another House committee, and to the Senate floor for vote.
* Pay student athletes: Louisville’s Kevin Ware suffers gruesome leg injury. Will Ware be stuck with the bill?
Louisville sophomore Kevin Ware’s injury today in the Midwest Regional finals of the NCAA tournament will likely be remembered alongside Joe Theismann’s career-ender as one of the most tragically gruesome in sports history. But that’s not the only tragic and gruesome part of this episode, because unlike Theismann, who was working under a guaranteed contract, Ware was an NCAA athlete helping to generate millions of dollars for the NCAA, but not even guaranteed a four-year education scholarship. As in so many other similar cases, that means his injury in service to the NCAA’s multimillion-dollar machine could spell the end of his financial aid and massive healthcare bills to boot.
* From the comments on this New York Times piece on the forgotten legacy of slavery in American capitalism: During college at UNC I studied slavery often in my English major classes but it was never mentioned during an Economics course.
* The idea that men are naturally more interested in sex than women is ubiquitous that it’s difficult to imagine that people ever believed differently. And yet for most of Western history, from ancient Greece to beginning of the nineteenth century, women were assumed to be the sex-crazed porn fiends of their day.
* Is it fair to force low-income children to bear the burden of fiscal adjustment? According to data available on the economist Emmanuel Saez’s invaluable Web site, from 1993 to 2011, average real income for the bottom 99 percent of the population (by income) rose by 5.8 percent, while the top 1 percent experienced real income growth of 57.5 percent. The top 1% captured 62% of all income growth over this period, partly owing to a sharp rise in returns to higher education in recent decades. (On average, those with only a high school education or less have few good income prospects.)
* The angels have lost their desire for us: Hurricane Sandy has cost Ocean and Monmouth counties more than $5 billion in
property taxes tax ratables. (ED: Whoops.)
* BREAKING: Everything got worse in 1981.
* There’s got to be a better way! Scenes from infomercials.
* And just because: How to make a “Bells of St. John” wifi name.