Archive for 2013

HIGHER EDUCATION BUBBLE UPDATE: How To Tell If College Presidents Are Overpaid.

The Chronicle of Higher Education tells us the median salary of public university presidents rose 4.7 percent in 2011-12 to more than $440,000 a year. This increase vastly outpaced the rate of inflation, as well as the earnings of the typical worker in the U.S. economy. Perhaps, most relevant for this community, it also surpassed the compensation growth for university professors.

Moreover, the median statistic masks that several presidents earned more than double that amount. Pennsylvania State University’s Graham Spanier, best known for presiding over the worst athletic scandal in collegiate history, topped the list, earning $2,906,721 in total compensation. (He was forced to resign in November 2011 and was indicted in November 2012 on charges related to the Jerry Sandusky sex-abuse scandal.)

Spanier’s package will get the attention. But the outrage should be spread around. University presidents are becoming ever more plutocratic even as the students find it harder and harder to pay for their studies. University leaders claim institutional poverty as they enrich themselves. A perennial leader of the highest-paid list, Gordon Gee of Ohio State University (more than $1.8 million last year), paid $532 for a shower curtain for the presidential mansion.

Read the whole thing.

KURT SCHLICHTER: Dems Shoot Themselves in the Foot Again On Guns. “Despite suffering the most humiliating rejection of his presidency, President Obama and the liberal establishment are determined to revive their failed gun control scheme. That’s a good thing. The Republicans should remember Napoleon’s warning that you should never interrupt an enemy when he is making a mistake. This mistake will cost the Democrats dearly in 2014.”

SPIN: Unpacking The New JournoList spin on the IRS. “That’s funny. Two different articles, one in Mother Jones, one in the WaPo, yet they’re running the exact same explanation as to why the IRS targeted conservative groups filing for tax exemptions. . . . Justify, justify, justify. This one must have a multi-tiered thread in the New Journolist listserv.”

THEY TOLD ME IF I VOTED FOR MITT ROMNEY, THE GOVERNMENT WOULD BE SPYING ON JOURNALISTS. AND THEY WERE RIGHT! Govt obtains wide AP phone records in probe. “The Justice Department secretly obtained two months of telephone records of reporters and editors for The Associated Press in what the news cooperative’s top executive called a ‘massive and unprecedented intrusion’ into how news organizations gather the news. The records obtained by the Justice Department listed incoming and outgoing calls, and the duration of each call, for the work and personal phone numbers of individual reporters, general AP office numbers in New York, Washington and Hartford, Conn., and the main number for AP reporters in the House of Representatives press gallery, according to attorneys for the AP.”

They can’t afford any leaks, in this Administration. Too much stuff going on that can’t stand the light of day.

A TABLET COMPUTER FOR SURVIVALISTS? “Android tablets are mostly dull; Asus, Samsung, Sony, and the rest are typically just pumping out versions of the same platform. Earl, from a startup called Sqigle (sic), is quite a bit different: it’s designed top to bottom for use in the wild. To that end, it starts off with an electrophoretic display, an exceedingly low-power technology that’s used in the black-and-white ebook readers like the Kindle and Nook. A tablet’s screen drains the most battery, by far, so using a low-power screen like this is a great way to extend the battery life. Of course, that means you also get extremely low refresh rates and no color, so you can pretty much forget about watching video on this thing, but as a wilderness guide? That’s not nearly as important as battery life.”