Author Archive: Glenn Reynolds

ALEX BERENSON: Why a seven-story glass building in North Miami forced the government to shut down. “It seems possible the center, which is 336,000 square feet over seven floors, cost as much as a half-billion dollars — well over $1,000 per square foot, as much as or more than a high-end Manhattan skyscraper. This is nuts. The building is a bunch of office and surgery suites. It closes at 5 p.m. and isn’t open on weekends. It may need some backup power so the lights won’t go out in the middle of a facelift, but it does not require a hospital’s infrastructure. . . . It’s all fun and games, especially for hospital executives, except that American healthcare is now so expensive that it can only survive with massive government subsidies, as I wrote last month. Bloated does not begin to describe the system.”

CHANGE: Big Day in Bolivia. “No longer will Bolivia be another sad, failing, socialist hermit kingdom.”

OPEN THREAD: Sometimes the clothes don’t make the man.

PREDICTION IS OKAY BUT WHAT ABOUT TREATMENT? This Hidden Brain Pulse Could Predict Dementia. My mother, who is beginning to experience dementia, listened to her neurologist telling her diagnostic results and said “well, now that you have a diagnosis, is there anything you can do to fix me?” To which the neurologist replied, with slight embarrassment, “uh, no, not really.”

WELL, GOOD. BUT THIS KEEPS HAPPENING.

HAPPY HALLOWEEN:

CANADA’S TOP GENERAL. CANADA’S. TOP. GENERAL.

HIGHER EDUCATION BUBBLE UPDATE: Colleges Face a Financial Reckoning. The University of Chicago Is Exhibit A. Decades of big spending, new federal funding cuts and a changing view of higher education created a perfect storm; ‘Spending Your Tuition On Its Mistakes.’

The school that produced Milton Friedman and 34 other Nobel Prize-winning economists is struggling to manage its pocketbook.

The University of Chicago ran budget deficits for 14 years straight, spending big on new labs, dorms and technology to raise its profile and enrollment. Now it’s facing a financial reckoning.

Over the summer, university leaders said they needed to cut $100 million in expenses. They decided to slow tenure-track hiring, scale back new construction and pause admissions to nearly 20 Ph.D. programs for a year. They’ve been aggressively fundraising and soft launched a new capital campaign.
By the time freshmen arrived in September with their minifridges and extra-long sheets, disgruntled faculty and graduate students had printed up flyers. Families—many paying $71,000 a year—were handed a paper that read “UChicago: Spending Your Tuition On Its Mistakes.”

The university is an acute example of the financial woes plaguing higher education. . . . Ando thinks all research universities need to come to terms with what they’re selling and whether it still makes sense.

If only there had been some sort of warning.

UPDATE: A Few Friendly Suggestions for College Presidents.

MY LATEST LAW REVIEW ARTICLE: United States v. Rahimi: Five Takes. Coauthored with Brannon Denning. We talk about the Supreme Court’s departure from the Bruen framework, and what it’s likely to mean in the future. Download it early and often!

THE GREATEST GENERATION: