Archive for 2014

NEWS YOU CAN USE: Millennials 101: How to Enjoy Your Parents’ Basement.

As my readers know, I graduated from my MBA program straight into my parents’ spare bedroom, which is where I lived for the next three years as I tried to figure out what the heck I was going to do for the rest of my life. This did not do wonders for my self-esteem. And yet, believe it or not, I look back on the experience with fondness.

We’ve been reading a lot of stories lately about millennials who feel stuck in their parents’ basement. To those of you who find yourself in that position, I’m not arguing that you’re lucky to be underemployed and unable to afford your own place. I am arguing that you should make the most of the time you spend at home with your parents, because this is the last time you’re going to get to spend this much time with the people who raised you.

There’s something to this. When my brother got his PhD and was looking for an academic job, it took him a year during which he supported himself by playing blues guitar. When he was feeling bad about it, I told him that while he was frustrated and worried now, he’d wind up looking back on that year as one of the best in his life. And, in fact, that’s how it turned out. Now if that year had stretched to ten . . .

Meanwhile, there’s some good advice at the link.

RUTH MARCUS on Hillary Clinton’s Money Problems. “You are truly well-off by anyone’s definition of the term. And hard work is the guys tearing up my roof right now. It’s not flying by private jet to pick up a check for $200,000 to stand at a podium for an hour. . . . Which gets me to the second set of issues: how you’re continuing to ­vacuum up the money, and the aura of greediness it exudes. Madam Secretary, enough already. This behavior borders on compulsion, like refugees who once were starved and now hoard food. You’re rich beyond your wildest imaginings! You don’t need any more!”

Well, after she had to make that dress out of drapes, Hillary swore she’d never be poor again. And if Hillary doesn’t actually plan to run, then dangling the possibility of her candidacy still helps her rake in more money now.

EX-NSA HEAD TO MAKE BIG BUCKS IN CONSULTING, BUT SOME ARE UNHAPPY: Lawmaker Slams Ex-NSA Chief: ‘Nothing to Offer’ but State Secrets.

Keith Alexander, since stepping down from his position as National Security Administration (NSA) and U.S. Cyber Command chief following last year’s mass surveillance revelations, has gotten himself in the business of cybersecurity consulting.

And not everyone’s comfortable with that. Rep. Alan Grayson (D-Fl.) yesterday published letters he sent to the “Securities Industry and Financial Markets Association, the Consumer Bankers Association, the Financial Services Roundtable and the Clearing House—all of which Alexander reportedly has approached about his services,” according to Wired. The congressman, who sits on both the Committee on Foreign Affairs and the Committee on Science, Space, and Technology, gave a roundabout warning to former spy chief.

It’s always disturbing when Alan Grayson says something sensible, but you know, broken clocks and all that. But if he’s serious here, he should introduce a bill to implement my revolving-door surtax.

HIGHER EDUCATION BUBBLE UPDATE: K.C. Johnson: College Attorneys Face the War on Due Process.

It should come as little surprise that in a movement so dismissive of due process that these concerns have attracted virtually no interest from either OCR or the activists. This attitude appears to have taken aback even the Democratic senators who have affiliated themselves with the issue. As FIRE’s Susan Kruth recounted, at a recent Senate roundtable on the issue, Connecticut senator Richard Blumenthal wanted to know “what lawmakers can do to ensure that students’ due process rights are respected.”

The activists weren’t interested in responding to Blumenthal; Georgetown Law Research Fellow Nancy Chi Cantalupo told the senator that as long as colleges followed their own procedures, whatever they might be, the school had provided sufficient due process. Indeed, as Kruth noted, the logic of Cantalupo’s expressed support for an “even playing field” between accuser and accused would be a dispensing of the presumption of innocence—a development that has effectively occurred at many schools.In the end, unless judges intervene, the situation seems likely to get worse for due process rather than better.

If I were a college admissions officer — or treasurer — I’d be deeply troubled about how this will impact college attendance.

JUST BECAUSE TECHNORATI IS DEAD doesn’t mean that blogging is dead. Technorati hasn’t worked right for years. I’m still here! And I’m sure there are more blogs than there were when Technorati was at its peak of coolness sometime in 2003.

FOR STRONG BONES, drink beer.