Archive for 2014

HIGHER EDUCATION BUBBLE UPDATE: Self-Delusion Spreads from Professional to Graduate Education; Consternation Curiously Absent.

I want to be clear at the outset: I love literature. I was an English major, and I’ve never regretted it for a moment. I seriously considered pursuing a Ph.D. in English. I could not have a deeper faith in the liberal arts as a path to the betterment of all mankind.

So imagine my dismay at some recent reportage in the Chronicle of Higher Education. Graduate programs in languages and literature are suffering troubles all too familiar to the readers of these pages: In these straitened times, the tenure-track academic appointments for which a doctoral degree is the traditional and necessary preparation are available for only about 60% of the recipients of doctorates in language or literature (a number chillingly reminiscent of the 56%-57% of the last two law-school graduating classes who managed to find a full-time, long-term job requiring a law license within 9-10 months of graduation, though when you exclude school-funded and self-employed positions as well as a few other confounders and irrelevancies, that number is closer to 53%). The Modern Language Association (a trade group for college and graduate educators and scholars in language and literature analogous to AALS) recently released a report conceding “[w]e are faced with an unsustainable reality.”

The solution? Simple—dismiss the “reality” as “wrong.”

And the Gods Of The Copybook Headings say: Good luck with that, bub.

WHEN DRONES FALL FROM THE SKY:

The documents obtained by The Post detail scores of previously unreported crashes involving remotely controlled aircraft, challenging the federal government’s assurances that drones will be able to fly safely over populated areas and in the same airspace as passenger planes.

Military drones have slammed into homes, farms, runways, highways, waterways and, in one case, an Air Force C-130 Hercules transport plane in midair. No one has died in a drone accident, but the documents show that many catastrophes have been narrowly averted, often by a few feet, or a few seconds, or pure luck.

Luck doesn’t last forever.

FATCAT CRONY INSIDERS — THEY’RE JUST LIKE US! Hillary Clinton Says She Isn’t ‘Truly Well Off.’ “Because we pay ordinary income tax, unlike a lot of people who are truly well off, not to name names; and we’ve done it through dint of hard work.”

At one percent of the Clintons’ net worth, most Americans would consider themselves well off. But here’s how they’re struggling:

Clinton earned an $8 million advance for her 2003 book “Living History” and her publisher is rumored to have paid “significantly more” for “Hard Choices.” Additionally, Clinton reportedly earns $200,000 in speaking fees each time she makes a speech. Bill Clinton has reportedly made over $100 million in speaking fees since leaving office.

Earlier this month, Clinton caused controversy when she said she and her husband, former President Bill Clinton, were “dead broke” when he left the White House in 2000 and subsequently “struggled” to buy homes and pay for their daughter, Chelsea’s, education. Chelsea Clinton’s wealth also made headlines earlier this month after Politico reported she earned a $600,000 salary as a “special correspondent” for NBC News, a sum Business Insider noted seems to amount to $26,724 for each minute she was on air.

Working class all the way. She and Bill are walking, talking (for a fee) arguments for my revolving-door surtax.

Related: WaPo: Some Democrats fear Clinton’s wealth and ‘imperial image’ could be damaging in 2016. “She’s been living 30, going on 40 years with somebody bringing your coffee to you every morning. Is it more ‘Downton Abbey’ than it is America?”

HIGHER EDUCATION BUBBLE UPDATE: Abby Schachter: Your Bedroom Instead Of A Dorm Room.

President Obama gets points for properly assessing the problem with student loan debt. He acknowledges that too many students earning a bachelor’s degree (71 percent) graduate with debt that is so burdensome (averaging $29,400) that many delay important milestones such as starting a family, buying a home, beginning a business or saving for retirement.

But when Mr. Obama said that as “the glow” of college graduation fades students confront the reality of their student loan burden, he missed the opportunity to suggest a creative solution. Instead of arguing for easing graduates’ debt burden, it would be better if there were less or even no loans to repay.

One way to do that would be for students to stay home. Not staying out of college, mind you. Just opting for your bedroom at home rather than getting a dorm room on campus. Living at home will lower your debt burden. . . . Better to stay home until you graduate than go off to college and have to slink back home four years later when you have huge debt and are looking for your first job.

Colleges really gouge people for room and board. But they’re already addressing this phenomenon by making even commuter students purchase meal plans.

ON THE IRS EMAILS, THE PLOT THICKENS.

It has emerged over the last few days that at the time of Lois Lerner’s hard drive crash, the IRS had a contract with a company called Sonasoft (“Email archiving done right.”) Sonasoft promoted its relationship with the IRS in 2009: “If the IRS uses Sonasoft products to backup their servers why wouldn’t you choose them to protect your servers?”

So why doesn’t that solve the problem of the missing IRS emails? Because the IRS canceled its contract with Sonasoft in September 2011, a couple of months after Lerner’s hard drive crash. Everyone seems to assume that Sonasoft would have deleted whatever information it had gotten from the IRS at that time. That is certainly a logical assumption; in fact, it would make sense to require Sonasoft to get rid of any customer’s data once the business relationship ends. But it wouldn’t hurt for a House committee to lay a subpoena on Sonasoft to learn more about the IRS’s dealings with that company and make certain that it doesn’t still have any IRS records.

Two observations about the Sonasoft story: first, the IRS’s cancellation of the Sonasoft contract occurred in the context of a $1.8 billion annual budget for information services, plus $330 million annually for “business systems modernization.” All of that, and the IRS couldn’t afford an email archiving service? Not only that, it had to recycle its backup tapes to save money? Ridiculous.

It’s obvious that they’re covering something up. And with a coverup this big, whatever they’re covering up must be big, too. Direct Presidential involvement? Plus maybe something on the Congressional side? We know Democrats were involved in urging the IRS to target the Tea Party. Were GOP leaders involved too? Watch the players and see how they respond.