Posts Tagged ‘hedge funds’
* 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!
* 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.
Roddenberry believed there was no chest hair in the future.
The dream never dies.
* 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.
* Calvinball in Wisconsin: the rules on voting just changed again.
* 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.
* 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.
* Because you demanded it: “Play It Again, Dick,” the weird quasi-Veronica-Mars nega-sequel, is finally here.
* Why we can’t have nice things: Thievery marring Little Free Libraries.
* And no one could have predicted: Apple releases U2 album removal tool.
* “Are your parents upset by your liberal-arts degree? Show them this chart.”
* Weird, wild coincidence: Darren Wilson’s first job was on a troubled police force disbanded by authorities.
* Exactly the headline you want to wake up to when you’ve got a transatlantic flight in a few hours: Eruption under ice-cap sparks red alert. Luckily I seem to have snuck out of Europe in time…
* If they don’t shape up soon they could have a blue-ribbon commission on their hands: Jolted by images of protesters clashing with heavily armed police officers in Missouri, President Obama has ordered a comprehensive review of the government’s decade-old strategy of outfitting local police departmentswith military-grade body armor, mine-resistant trucks, silencers and automatic rifles, senior officials say.
* Ferguson’s Schools Are Just as Troubling as Its Police Force. Of course the wealth transfer dreams behind “school choice” politics miraculously get “waived” when it comes time to apply it to nonwhite and urban poor populations:
Michael Brown graduated from Normandy High School, which was located, until recently, in the Normandy School District. The facts here are a bit complex, but note that I said “until recently.” That is because the Normandy School district lost its accreditation in 2012 due to dismal standardized test scores. (Normandy was one of only three out of 500 school districts in Missouri to lose its accreditation.) The state school board took over the Normandy School District and renamed it the “Normandy School Collaborative.” By 2013, though, the new district also had lost its accreditation. Missouri law allows students of failed districts to transfer to higher-performing schools in surrounding suburbs, but the failing school district has to pay tuition and transportation costs to get the kids to their new schools. The 1,000 transfer students of Normandy obviously had no desire to remain in the “new” failed district, but the cost was high, so, incredibly, the state board voted to waive accreditation of the Collaborative rather than classify the new district as unaccredited. Ferguson’s teenagers were therefore trapped in a failed school because state politicians didn’t want to pay for them to transfer out.
* How Do We Get Our Students to Become Cops?, asks the Chronicle. How? How?
* The results are readily apparent. The overwhelming number of retractions due to flawed methodology, flawed approach, and general misconduct over the last decade is staggering. Stories in almost every field have seen a rash of inaccuracies. The percentage of scientific articles retracted because of fraud has increased tenfold since 1975.
* But the biggest fundamental problem with the administration’s proposed ratings system is that it presents market principles as the cure for an illness that is itself caused by the indiscriminate application of market-mad nostrums to a context (education) where they don’t belong.
* Norfolk, Virginia could be the first city we lose to climate change. Vox voxplains and revoxplains why we’re doomed, but never gets around to considering that flogging away uselessly in the same failed institutions might not be the answer.
* The coming grim death future has given us one gift, though: Darren Aronofsky Adapting Futuristic ‘MaddAddam’ Book Trilogy As HBO Series.
* In other words, Louie is sketching out the psychology of an abuser by making us recognize abuse in someone we love. Someone thoughtful and shy, raising daughters of his own, doing his best. Someone totally cognizant of the issues that make him susceptible to the misogyny monster. Someone who thinks hard about women and men and still gets it badly wrong.
* Obama won’t take simple anti-corporate tax reform action he could institute unilaterally today. I suppose it’ll probably always be a mystery.
* Today in the rule of law: Attorney for teen set up by FBI in terror sting kicked out of courtroom while secret evidence is discussed. Judge Threatens, Allegedly Attacks Public Defender During Hearing. The public defender is very happy that cops are being sent to harass people who request public defenders.
* LAPD’s new air drone program will respect privacy. Well , that’s a relief!
* Prosecutors say two 12-year-old southeastern Wisconsin girls stabbed their 12-year-old friend nearly to death in the woods to please a mythological creature they learned about online. The two girls will be tried as adults because they’re making such mature, clear-headed decisions.
* My beloved alma mater in the news! Judge Orders Case Western to Grant Diploma to Medical Student.
* The Secret Service wants to build a computer that can detect sarcasm. Maybe the computer could then explain it to Twitter users?
* This seems so nutty to me. I think I probably spent half my childhood wandering around in the woods without supervision and the other half in the back seat of a locked car.
* “Ann B. Davis stood, walked over to the trash can, and emptied her tray. She walked out of the cafeteria and into a small, gray town near Pittsburgh. I wanted her to *be* Alice. I wanted her to smile as if she loved me. I wanted her to say, ‘Buck up, kiddo, everything’s going to be all right.’ And what I’m trying to tell you now is this: I grew up in a split-level ranch-style house outside a town that could have been anywhere. I grew up in front of a television. I would have believed her.” RIP, Ann B. Davis.
* What is even the payoff for shining a laser at a plane? That’s bananas.
* On Sept. 13, 1848, at around 4:30 p.m., the time of day when the mind might start wandering, a railroad foreman named Phineas Gage filled a drill hole with gunpowder and turned his head to check on his men. It was the last normal moment of his life.
* I can’t imagine how colleges could do mandatory mental health screenings right, but less how badly they’d screw it up by trying to do it on the cheap.
* There are dozens of us! The AV Club rediscovers The Life Aquatic with Steve Zissou.
* 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.
* Naomi Klein: How science is telling us all to revolt.