Posts Tagged ‘hedge funds’
Thursday Links!
* In case you missed it from the weekend: a CFP for a Science Fiction Film and Television special issue on “Star Trek at 50.”
* Call for submissions: Accessing the Future.
* Today’s twenty-first-century political weirdness is the Scotland referendum on independence. The Guardian. MetaFilter. The economic case. Schroedinger’s Kingdom. John Oliver. Why Scotland thinks it can survive as an independent country. I’m Guardian editor Matt Wells. Got questions on Scottish independence? Ask away!
* Alison Bechdel, certified genius. Some professors won too.
* Postdoc of the year: “The Center for Presidential History at Southern Methodist University invites applications for its 2015-2016 Postdoctoral Fellowship program. The successful candidates will couple their own research and publishing agenda with their contributions to the Center’s Collective Memory Project, a wide ranging oral history of the George W. Bush Presidency.” Friend, do I have a story for you.
* Chris Ware is serializing a novella in the Guardian: “The Last Saturday.”
* Unpopular opinions watch: Carceral progressivism.
* More Weird Facts You Probably Didn’t Know About The Original Star Trek.
Roddenberry believed there was no chest hair in the future.
The dream never dies.
* A day in the life of a data mined kid.
* This Is What Happens To Transgender Kids Who Delay Puberty.
* The Time I Spent On A Commercial Whaling Ship Totally Changed My Perspective On The World.
* World War II and the creation of the paperback industry.
* Cruel optimism watch: Are More MLA Faculty Jobs on the Way?
* The madness of crowds: Wealthy L.A. Schools’ Vaccination Rates Are as Low as South Sudan’s.
* Hamburg wants to be the best city in the world in 20 years.
* Burlington nipping on its heels.
* Calvinball in Wisconsin: the rules on voting just changed again.
* Study: 30 percent of former NFL players will get dementia or Alzheimer’s.
* Don’t look now, but the US prison population is growing again.
* The University of California is just literally a hedge fund now.
* What Are the Real Odds That Your Birth Control Will Fail? Pretty frightening.
* A King Kong prequel, because we haven’t even come close to hitting bottom yet.
* BREAKING: Naomi Klein Is Right, Unchecked Capitalism Will Destroy Civilization.
* In decades of public debate about global warming, one assumption has been accepted by virtually all factions: that tackling it would necessarily be costly. But a new report casts doubt on that idea, declaring that the necessary fixes could wind up being effectively free. The price is too high!
* BREAKING: Immigrants aren’t stealing your jobs.
* A feminist history of Wonder Woman.
* Every panel of Watchmen, sorted by average lightness, ascending.
* Understanding the Tortoise and the Hare.
* Because you demanded it: “Play It Again, Dick,” the weird quasi-Veronica-Mars nega-sequel, is finally here.
* Necrocapitalism in the Anthropocene: Govt may do away with tribal consent for cutting forests.
* Why we can’t have nice things: Thievery marring Little Free Libraries.
* Anti-monuments in Milwaukee and beyond.
* May 2015 can’t come fast enough.
* And no one could have predicted: Apple releases U2 album removal tool.
Sunday™ Reading™ Accept No Substitutes®
* Put the Student Union of Michigan in charge! In the end, the university’s rationale for the campaign relies heavily on a narrative of state defunding. For example, as a Detroit News article relates, “President Mary Sue Coleman called the campaign ‘audacious’ and said no gift is too small since universities need philanthropy with states no longer able to support them to the degree they must for schools to be globally competitive.” This narrative seems difficult to square with the actual role of the endowment in funding university operations. The endowment contributes only 4.5% (of its total holdings) to the general operation funds of university each year. The principal stays invested. Thus, if we look at the breakdown of revenue sources at the university in 2010 the endowment contributed only $253 million. Student tuition however generated over $1 billion, while state funding totaled $315 million. The endowment clearly has very little to do with making up for lost state funding. Its purpose lies elsewhere. And that elsewhere is in the university’s move to behave more and more like a hedge fund, mobilizing donated capital to secure new revenue streams. It does this by taking advantage of its tax-exempt status to build up a hoard of money that it then invests around the world in shady funds and places it would rather the university community did not know about. In so doing, the university is slowly becoming an important player on Wall Street but to play with the “big boys” it needs more and more capital, which requires constant fundraising campaigns. This money is destined for investment not students. Little of it will ever reach students in the form of scholarships or be used to offset increases in tuition. (via)
* Meanwhile: The University of California Invests in Prisons.
* Yanis Varoufakis on ponzi austerity.
Whereas in standard Ponzi (growth) schemes the lure is the promise of a growing fund, in the case of Ponzi austerity the attraction to bankrupted participants is the promise of reducing their debt, so as to liberate them from insolvency, through a combination of ‘belt tightening’, austerity measures and new loans that provide the bankrupt with necessary funds for repaying maturing debts (e.g. bonds). As it is impossible to escape insolvency in this manner, Ponzi austerity schemes, just like Ponzi growth schemes, necessitate a constant influx of new capital to support the illusion that bankruptcy has been averted. But to attract this capital, the Ponzi austerity’s operators must do their utmost to maintain the façade of genuine debt reduction.
* “I am as American as April in Arizona”: Nabokov interviews at The Paris Review.
* Student Debt is Crushing the Economic Future of the Young.
* Joyless Nihilism: Adam Kotsko on the Abramsverse Star Trek, Family Guy, and zombie postmodernism.
* The Life and Times of an Aging Superhero Captured in Oil Paintings by Andreas Englund.
* In education, the problem is still poverty.
* America is a country made possible by hucksterism and carnival buncombe.
* Naomi Klein: How science is telling us all to revolt.
* The environmental scandal that’s happening right beneath your feet.
* And the Philippines estimates at least 10,000 died from super typhoon. No words.