Posts Tagged ‘debt’
Tuesday Links Soldier On
* The tragedy of Cooper Union.
Then, when you turn the corner and look at what hulks across the street from the main Cooper Union building, you can see where a huge amount of the money went: into a gratuitously glamorous and expensive New Academic Building, built at vast expense, with the aid of a $175 million mortgage which Cooper Union has no ability to repay.
The bland name for the building is a symptom of the fact that Cooper’s capital campaign, designed to raise the money for its construction, was a massive flop: no one gave remotely enough money to justify putting their name on the building. It’s also a symptom of the fact that no one on the board had any appetite for naming it after George Campbell, the main architect of the scheme which involved going massively into debt in order to construct this white elephant.
Campbell, pictured grinning widely in a now-notorious 2009 WSJ article, claimed that Cooper was a financial success story when in fact it was on the verge of collapse. He’s the single biggest individual villain in the Cooper story, and it’s a vicious irony that Cooper’s latest Form 990 shows him being paid $1,307,483 in 2011 — after he left Cooper’s presidency. (Cooper Union explainsthat the amount represents six years of “deferred compensation/retention payments”, but the timing couldn’t be worse.)
Campbell’s enablers and cheering squad were a small group of trustees, many of them Cooper-trained engineers gone Wall Street, who had so internalized the ethos of the financial world that it never occurred to them that they shouldn’t be constantly trying to get bigger and better and shinier. Campbell was paid $668,473 in his last year at Cooper — he was one of the highest-paid college presidents in the country, despite running a naturally small institution with serious space and money constraints. Board-member financiers enabled his dreams of growth and glory, hoping that some of the glamor from the newly-revitalized institution would reflect back on themselves. Naturally, when the whole project turned out to be a disaster, they scurried ignobly off the board as fast as they could.
* Duke University faculty members, frustrated with their administration and skeptical of the degrees to be awarded, have forced the institution to back out of a deal with nine other universities and 2U to create a pool of for-credit online classes for undergraduates.
* The Adjunctification of Academic Librarianship.
* The debt debate is reminiscent of Tom Stoppard’s Rosencrantz and Guildenstern Are Dead. In a grand inversion, minor characters have usurped center stage, while the more important ones are out of sight. The Debt We Shouldn’t Pay.
* Also at NYRoB: Wikipedia’s Women Problem.
* The right to work less: Not only does the U.S. economy tend to produce lots of bad jobs, U.S. workers tend to spend far too much of their time doing them. In 2009, the average U.S. worker worked 1,681 hours compared to 1,390 in Germany. Germany’s experiments withkurzarbeit, a government program that provides income support to workers who accept reduced hours, has helped it avoid the problems of high and long-term unemployment that confront us here in the U.S. Instead of fighting for more work, much of which is likely to be bad, how about fighting for less work for everybody? This could be a very effective way to make sure that there are enough jobs to go around for everyone while limiting the amount of time workers spend in deadening, alienating labor.
* Science! “Our findings confirm that beardedness affects judgments of male socio-sexual attributes and suggest that an intermediate level of beardedness is most attractive while full-bearded men may be perceived as better fathers who could protect and invest in offspring,” the researchers wrote.
* US soldier found alive after 44 years in Vietnam.
* What is the legal justification for signature strikes? What qualifies as a “signature” that would prompt a deadly strike? Do those being targeted have to pose a threat to the United States? And how many civilians have been killed in such strikes? The administration has rebuffed repeated requests from Congress to provide answers – even in secret.
* Schizophrenic. Killer. My Cousin.
* And just in from the local tourism board: 100 things to do in Wisconsin this summer.
All the Monday Links (A Ton)
* You can read my review of Dan Hassler-Forest’s Capitalist Superheroes (“No Dads: Cuckolds, Dead Fathers, and Capitalist Superheroes“) as the free preview for the Los Angeles Review of Books Digital Edition on Science Fiction.
* “We have been dismayed by news reports of a handful of colleges and universities that have threatened to cut the courseloads of part-time faculty members specifically in order to evade this provision of the law,” a statement from the American Association of University Professors reads. “Such actions are reprehensible, penalizing part-time faculty members both by depriving them access to affordable health care as intended by law and by reducing their income.” More at the Chronicle.
* 18th-Century Connecticutian or Muppet?
* Film School Thesis Statement Generator. This is uncannily good.
Mad Men calls into question the post-war crisis of masculinity through its strategic use of narrative ellipses.
* The people vs. Dzhokhar Tsarnaev.
* Cathy Davidson explains why she’s teaching a MOOC. Since I know Cathy (a little) and feel bad about disagreeing so absolutely completely with her, I’ll just leave it there.
* Socialism, not capitalism, will get kids out of the mines and away from the drive-through window. And we can’t create that future until we stop the present. Gavin Mueller vs. the machines, in Jacobin‘s special issue on work and automation.
It is insufficient to respond by pointing to productivity gains to justify automation — that’s a management trick. Automation’s prime function is to destroy the ability of workers to control the pace of work. The results are bloody. As Dan Georgakas and Marvin Surkin document in Detroit, I Do Mind Dying, while management attributed productivity gains in the auto industry to automation, black workers credited “niggermation”: the practice of forcing them to work at high speeds on dangerous machinery.
Such shocking terminology underscores a crucial truth. Robots weren’t responsible for those cars; rather, it was brutalized black bodies. A 1973 study estimated that sixty-five auto workers died per day from work-related injuries, a higher casualty rate than that of American soldiers in Vietnam. Those who survived often suffered from post-traumatic stress disorder. This bloodbath is directly attributable to the disempowering effects of automation. Had workers retained control, they wouldn’t have worked at such a deadly pace.
* Life on Mars to become a reality in 2023, Dutch firm claims.
* AIDS ‘Patient Zero’ was a publicity strategy, scholar writes.
* How damaged are NFL players’ brains?
* Violence, mournability, and West, Texas.
* Movies in Color, The Color Palettes of Stills from Famous Films. More links below Stevesie.
* Can slaughterhouses be humane?
* Four college coeds dream of trading their rote lecture halls and cinderblock dorms—is this a for-profit university?—for the debauchery of Florida spring break. Standing between them and their escape is a shortage of ready cash. Lacking alternatives like Mastercards, they solve their liquidity crisis by knocking over a local fried chicken joint. Most jarring in these opening moments is not the violence of the robbery, but the obviously incredible possibility that four college students in the United States lack access to easy credit. After all, what is a student today without the potential for indebtedness? “High as Finance,” from The New Inquiry‘s critical supplement on Spring Breakers.
* Gunfire Erupts at Denver Pro-Marijuana 4/20 Celebrations, Injuring Three. Gunman Sought After Shootout at Nuclear Power Plant in Tennessee.
* Spoiler alert: They’re going to overfish the Arctic till it dies.
* The headline reads, “China Wants to Ban Superstition, Mandate Science.”
* Disney said no to Iron Man 3: Demon in a Bottle. The fools.
* Despite allegations that he knew about a rape and tried to protect his players who committed it, despite widespread criticism that he didn’t punish his team enough and that he should be fired, and despite a grand jury that could charge him looming next week, the powerful Steubenville High football coach Reno Saccocia has been approved for a two-year administrative contract, the city superintendent confirmed to The Atlantic Wire Monday afternoon.
* Presenting the Calvin and Hobbes app.
* And “university professor” is only the 14th best job in the country. Damn you, actuaries!
Friday Night!
* Today in the grad school backlash backlash: Tressie McMillan Cottom, Karen Gregory, Freddie deBoer.
* Gasp! But how could this be? Universities Benefit from Their Faculties’ Unionization, Study Finds.
* Anatomy Of A Failed Campus: What Happened At Tisch Asia?
* “Ms. Molly, I want you to be my sister so you can stand up for me against bullies.”
* And some Friday night Graeber: A Practical Utopian’s Guide to the Coming Collapse.
In retrospect, though, I think that later historians will conclude that the legacy of the sixties revolution was deeper than we now imagine, and that the triumph of capitalist markets and their various planetary administrators and enforcers—which seemed so epochal and permanent in the wake of the collapse of the Soviet Union in 1991—was, in fact, far shallower.
…And More
* I’ve said this before: let’s have an academic decathlon. You choose a team based on whatever pedagogical criteria you want. You can choose students from public school or private, unionized teachers or not, parochial or secular, from charter or magnet, from Montessori or KIPP or whatever else you want. However, I choose the demographics of the students on your team. For my team, the situation is reversed: you choose the pedagogical factors for my students, but I choose the demographics. You stock your team kids from whatever educational backgrounds you think work, and mine with whatever educational systems you think don’t work. Meanwhile, I give you all children from the poverty-stricken, crime-ridden inner city and impoverished rural districts where we see the most failure. I stock mine with upper-class children of privilege. I would bet the house on my team, and I bet if you’re being honest, you would too. Yet to accept that is to deny the basic assumption of the education reform movement, which is that student outcomes are a direct result of teacher quality.
* Stunning front-page from UNC’s Daily Tar Heel today.
* If you are a low-income prospective college student hoping a degree will help you move up in the world, you probably should not attend a moderately selective four-year research institution. The cards are stacked against you.
* Elderly Obama And Boehner Daughters Arrive In Time Machine To Demand Climate Action.
Who among us can forget Malia’s first words to a rapidly-growing crowd in this historical meeting between present and future, “People of 2009, we come from–” words that were immediately interrupted by her younger self, surrounded by Secret Service, saying, “It’s 2013,” which led future Malia to punch future Sasha, saying, “I told you not to mess with the controls.” Malia then continued, “2013, seriously? What’s the friggin’ point?”
* Academic jobs watch: Specialist Professor, Homeland Security.
* California isn’t a state in which liberals have run wild; it’s a state where a liberal majority has been effectively hamstrung by a fanatical conservative minority that, thanks to supermajority rules, has been able to block effective policy-making. Krugman is optimistic that the Republicans’ stranglehold on the state seems to be abating; I’d note that in the arena of public education at least all the worst ideas are coming from the Democrats.
* When (and how) Brad DeLong trolled David Graeber for months. Jesus.
* That’s because these workers represent what’s happening to U.S. work in three critical ways. First, precarity: Workers lack job security, formal contracts, or guaranteed hours. Second, legal exclusion: Labeled as “independent contractors,” “domestic workers” or otherwise, they’re thrust beyond the reach of this country’s creaky, craven labor laws. And third, the mystification of employment: While a no-name contracted company signs your paycheck, your conditions are set by a major corporation with far away headquarters and legal impunity. Guest Workers as Bellweather.
* How to Get a Black Woman Fired.
* Overwhelming Student Debt Has Parents Getting Life Insurance Policies on Their Kids.
* But if Emanuel brought Byrd-Bennett in to work the same kind of charter magic in Chicago that she did in Detroit, he may be dismayed to encounter one important difference: Chicago is now in a good position to fight back. The school closings hearings were packed with engaged, motivated citizens, and the teachers union is more organized than it’s been in three decades. During its popular and successful strike, the union’s approval rating climbed while the mayor’s fell—public opinion polls showed that taxpayers blamed Emanuel for the ugliness that took place during negotiations. The CTU’s current leadership has built relationships with community leaders and organizations, forming a coalition to fight the slash-and-burn privatization pushed by the Board of Education and its corporate sponsors, and has even hosted civil disobedience trainings open to the public. This afternoon’s protest will serve as further evidence that Emanuel is indeed up against a new opponent, one strong enough that not even the best “cleaner” may be able to defeat it.
* Detroit Schools Emergency Manager Gets Accolades as Children Fall Further Behind.
* Nate Silver makes your Final Four book: Louisville Favored in Final Four, but Wichita State Could Become Unlikeliest Champion.
* Zero Dark Thirty is supposedly a film about freedom. A “freedom so threatening that there are those around the world willing to kill themselves and others to prevent us from enjoying it,” as the TV sound-bite in the background puts it. The odd thing is that this freedom is never once glimpsed within the film itself. Obviously, we are constantly reminded of the imprisonment and torture of the al Qaeda suspects, but it is never their freedom we are meant to be concerned with. More tellingly, it is the American spaces within the film that leave this freedom unseen. A strange becoming-prisoner takes hold of the spaces, and of the American body itself: not unfolding, in the end, either defeat or victory, but pulling together in a constricted space the impossibility of both.
* Gen X hits the nostalgia capitalism threshold.
* And dollar tracking site WheresGeorge suggests discrete commerce zones in the U.S.
Tuesday!
* C21′s book on Debt is finally almost out. My essay draws on the bits of the Polygraph introduction I wrote and is about ecological debt.
* Syllabus minute: I have W.H. Auden envy.
* MOOC Completion Rates: The Data.
* How neoliberal universities build their football stadiums.
Some projections showed Athletics might not be able to make payments starting in the 2030s when the debt service balloons. The debt is structured so that for the next 20 years, Cal only needs to make interest payments on the debt. The principal kicks in in the early 2030s, resulting in payments between $24 million and $37 million per year.
Look, if it’s good enough for an idea man who settled out of court on securities fraud, it’s good enough for me.
* Kent State fires adjunct who built their journalism master’s.
* Ian Morris, psychohistorian.
* What If? on The Twitter Archive of Babel. The Twitter Archive of Babel contains the true story of your life, as well as all the stories of all the lives you didn’t lead….
* Proud Species Commits Suicide Rather Than Be Driven To Extinction By Humans.
* A People’s History of “Twist and Shout.”
* PPP: Russ Feingold Poised For Comeback, Could Top Scott Walker Next Year.
* Michael Chabon: Dreams are useless bodily effluvia. Nicholson Baker: Dreams are all we have.
* You and I are gonna live forever: 72 is the new 30.
* Settling nerd fights of the 1990s today: Is This the Smoking Gun Proving Deep Space Nine Ripped Off Babylon 5?
* The Star Wars Heresies: Star Wars and William Blake. Tim Morton’s essay in Green Planets has a similar impulse with respect to Avatar.
* And in even more insane mashup news: WWE Keeps Pressure On Glenn Beck.
Weekend Links
* Tolkien Class At Wis. University Proves Popular. Marquette English hits the big time.
* A decade-long spending binge to build academic buildings, dormitories and recreational facilities — some of them inordinately lavish to attract students — has left colleges and universities saddled with large amounts of debt. Oftentimes, students are stuck picking up the bill.
* Legal systems and/as the history of imperialism and colonialism.
* The New York Times drops its oppo research on Cory Booker.
When snow blanketed this city two Christmases ago, Mayor Cory A. Booker was celebrated around the nation for personally shoveling out residents who had appealed for help on Twitter. But here, his administration was scorned as streets remained impassable for days because the city had no contract for snow removal.
Last spring, Ellen DeGeneres presented Mr. Booker with a superhero costume after he rushed into a burning building to save a neighbor. But Newark had eliminated three fire companies after the mayor’s plan to plug a budget hole failed.
* California judge declares that women’s bodies can prevent rape. Don’t worry, folks — he’s already been admonished. Still a sitting judge, but admonished.
* American Exceptionalism: The Shootings Will Go On.
* So it’s okay when he says it: “The truth of the matter is that my policies are so mainstream that if I had set the same policies that I had back in the 1980s, I would be considered a moderate Republican.”
* Glenn Greenwald has seen Zero Dark Thirty.
The fact that nice liberals who already opposed torture (like Spencer Ackerman) felt squeamish and uncomfortable watching the torture scenes is irrelevant. That does not negate this point at all. People who support torture don’t support it because they don’t realize it’s brutal. They know it’s brutal – that’s precisely why they think it works – and they believe it’s justifiable because of its brutality: because it is helpful in extracting important information, catching terrorists, and keeping them safe. This film repeatedly reinforces that belief by depicting torture exactly as its supporters like to see it: as an ugly though necessary tactic used by brave and patriotic CIA agents in stopping hateful, violent terrorists.
* This time Obama is totally going to keep his promises about drug enforcement.
* Why race matters after Sandy.
* UC surrenders, zunguzungu named chancellor.
* China Miéville vs. science fiction.
* Twenty-seven-year-old single mother of three sentenced to life imprisonment for bag holding the same day HSBC declared officially above the law. Outrageous HSBC Settlement Proves the Drug War is a Joke.
* School cafeteria worker fired for helping needy student. You know, Christmastime.
Thursday Night Links
* Why did small business owner and gamer dad Mike Hoye spend the last few weeks hand-tweaking the text in The Legend of Zelda: The Wind Waker so that the main character was referred to as a girl instead of a boy? As he put it, “I’m not having my daughter growing up thinking girls don’t get to be the hero.”
* Romney Adviser: Not a Single Person on the Campaign Thought He Would Lose.
* What You Can Get for $228,646,000. I could have lost them basically everything for half that.
* Nate Silver explains that malapportionment in the Electoral College may actually be flowing the Democrats’ way in the near-term:
The problem for Republicans is that in states like these, and others like Tennessee, Kentucky and Arkansas, they are now winning by such large margins there that their vote is distributed inefficiently in terms of the Electoral College.
By contrast, a large number of electorally critical states – both traditional swing states like Iowa and Pennsylvania and newer ones like Colorado and Nevada – have been Democratic-leaning in the past two elections. If Democrats lose the election in a blowout, they would probably lose these states as well. But in a close election, they are favored in them.
* I really don’t understand why Rolling Jubilee is worth doing. Why would we give the banks free money for bad debt they’ve already written off?
* The pros and cons of a Casablanca sequel. Spoiler alert: there is no possible pro.
Wednesday Links
* There’s an Earthlike planet in Alpha Centauri. This is the best news I’ve ever heard and I’m halfway to my space victory already I just have to research Fusion and Ecology.
* Compared to this the discovery of a planet with four suns and another all-diamond planet just seems boring.
* The other day they drove the Space Shuttle through Los Angeles.
* University of Phoenix to close 115 locations.
* Like Lee Bessette I’m pretty skeptical of this move towards a “teaching track.” Has establishing multiple tiers like this ever improved labor conditions?
* World’s biggest geoengineering experiment ‘violates’ UN rules. I’ve been fascinated for years that large-scale geoengineering projects are now within the reach not just of nations, but of individuals. Things are going to get interesting, in the “ancient Chinese curse” sense.
* Title suggestions for Future Die Hard Movies.
* The Problem with Presidential Precedent.
* Will California end the death penalty this year? They should.
* Firefly animated spinoff? I really think at this point I’d rather just be happy with what we got than ride a bad version of the thing I love into the ground. #geekheresy
* The Strange Death of Alfalfa.
* Debt Collector Illegally Seizes Disabled Vet’s Savings, Tells Him ‘You Should Have Died.’
* How Buffy Predicted Geek Misogyny. I’m not sure predicted is really the right tense here. What an Academic Who Wrote Her Dissertation on Trolls Thinks of Violentacrez. Michael Brutsch, ViolentAcrez, and Online Pseudonyms. On Ruining Violentacrez’ Life. I’m told r/creepshots is already back, masquerading as a “fashion police” subreddit.
* Gallup and Josh Marshall teases crisis as a real divergence seems possible between the popular and the electoral vote.
* Some debate highlights: a brutal on-the-spot fact-check that will be part of presidential debate prep for years to come. How epistemic closure hurts a candidate. The binder story that launched a thousand memes wasn’t even true. Leaked Debate Agreement Shows Both Obama and Romney are Sniveling Cowards. And whoever is elected, the planet loses. What an embarrassing spectacle for the people of the future to witness. Not that it’s anything new.
* Trove of Kafka Documents Must Be Released, Israeli Judge Rules. You can pick them up at the Castle…
Thursday Links
* Put this one on humanity’s tombstone: But where the United Nations envisioned environmental reform, some manufacturers of gases used in air-conditioning and refrigeration saw a lucrative business opportunity.
They quickly figured out that they could earn one carbon credit by eliminating one ton of carbon dioxide, but could earn more than 11,000 credits by simply destroying a ton of an obscure waste gas normally released in the manufacturing of a widely used coolant gas. That is because that byproduct has a huge global warming effect. The credits could be sold on international markets, earning tens of millions of dollars a year.
That incentive has driven plants in the developing world not only to increase production of the coolant gas but also to keep it high — a huge problem because the coolant itself contributes to global warming and depletes the ozone layer. That coolant gas is being phased out under a global treaty, but the effort has been a struggle.
* College debt and the upper middle class. Well, that’s almost everyone; can we act now?
* How Much Water Debt Are We Taking On? This Scary Map Shows How Much.
* Male Superheroes See How The Other Side Lives.
* “Over the course of fifty episodes, Breaking Bad has turned its fans into some of the worst people on the internet.” This is certainly true with respect to discussions of Skylar, as the piece notes. As my totally 100% accurate quote from fake Vince Gilligan noted last night: “Dear Internet, I literally could not have made it any clearer that Walt is a villain and Skylar one of his many victims.” How is this even up for debate? More Breaking Bad tweets from this morning at Storify.
* Harry Potter Books Out, Fresh Prince of Bel Air In as Gitmo Prisoners’ Entertainment of Choice.
* Returning home from work Wednesday evening, area woman Caitlin Levy suddenly realized that, quite unusually, she had not been harassed or propositioned for sex even once the entire day, the puzzled 28-year-old told reporters.
Noting that she had experienced a lingering sense of ease and safety all day long that “just felt off,” the paralegal told reporters that, strange as it may sound, she somehow could not recall one single instance from the past 10 hours in which she had been gawked at, hit on repeatedly, or otherwise leered at by a male as she conducted her daily routine.
“Huh, that’s weird,” said Levy, remarking on the fact that at no point during her day did a total stranger attempt to provoke her with suggestive language. “No unwanted sexual advances, no creepy comments, no obscene gestures, nothing.”
“Can that be right?” she asked as she ran down a checklist of emotionally scarring behaviors she has been confronted with every day of her life, in some form or another, since age 13. “No, that’s impossible. I must be forgetting something.”
Elsewhere in Graeberalia
Elsewhere in Graeberalia, Benjamin Kunkel reviews Debt for n+1.
