Monday, May 05, 2008
Into your heart it will creep...
If you've missed all the hubbub, she was a lecturer at Dartmouth (and also an alumna), and currently has a fellowship at Northwestern (and a PhD from UC-San Diego), who is threatening to sue her students and the leadership of her department essentially for being too stupid and racist to understand her erudition.
The WSJ provides a summary of the case here, and Ivygate is a treasure trove of info on the subject.
The Dartmouth Review presents a long interview with Dr. Venkatesan here. I reproduce a long but choice excerpt below where Dr. V decodes the hidden meaning behind one hated student's spelling question:
TDR: There is one specific incident where I heard from one of the girls in your class who was pretty outspoken, and one day she hadn’t spoken for a while and you said, “Could we have a round of applause for this girl, she hasn’t spoken in ten minutes?”
PV: She was probably the most abrasive, the most offensive, the most disruptive student. She ruined that class. She ruined it. She ruined it. That class actually had a lot of potential, there were some really bright kids there, but every time she would do a number of things that were very inappropriate. For instance, I had basically gotten a hold of Blackboard technology, but I was making some mistakes too because I was new to the system, and every time that some link was wrong or some link wasn’t set up right, [girl x] in the beginning of class would point this out to everybody. Then what happened was, I was lecturing on morals and ethics and she just gave me this horrible look, and I was pretty disturbed. I just said what is going on here? The problem with [girl x] is that she can’t take criticism. She can’t take the fact that there is something wrong with her work. Now, some people are like that, a lot of people are like that, unable to take criticism, but the fact of the matter is that I have the PhD in literature, I make the assessment if someone has talent for philosophy, literary theory, and literary criticism. A student might say, well, the hell with you I’m still going to become a literary critic, I had to do that, there were people who criticized me while I was a student, you’re not a good writer or whatever, but I said well I’m still going to go ahead with my goals, but I never made any personal attacks on them or made life difficult for them or was rude to them. I just did the socially acceptable way of dealing with criticism, and [girl x] is the kind of student who does not know the socially acceptable way of dealing with criticism. She thinks the way to go about doing it is to go to my superior or to try to undermine my ability to teach the class. One of the things that she did, this is also really interesting, was that she would always ask me how to spell things. That was her thing. She would say how to do you spell this? How to you spell that? I mean—what am I supposed to do?—so I would tell her. One time Tom Cormen was sitting in the class, and she asked me, how many T’s are in Gattaca. This was the kind of question she was asking, “how many T’s are in Gattaca?,” and I was about to answer her and Tom Cormen pre-empted me, “two t’s.” I’ll leave you to interpret it.
TDR: No. No, I don’t understand that.
PV: I have to tell you: it means tenure track.
TDR: Oh, okay.
PV: Because I wasn’t tenured track.
TDR: Oh, okay, yes.
PV: They were trying to intimate that I wasn’t ready for tenure track.
TDR: Yes, okay, I didn’t realize that’s what that meant.
PV: I’m kind of making this leap because this is the kind of subversiveness that was going on in that environment. That [girl x] would ask how many t’s are in Gattaca and that Tom Cormen would respond, “two T’s” as if I had no grasp on tenure track. ..but with [girl x], something’s going on with her. I’m not a doctor, but she’s not all there.
Wow, now THAT'S paranoia!
Is more regulation always the answer?
But let me just play devil's advocate and suggest that perhaps the problems we encountered didn't arise from insufficient government involvement, but rather that government involvement actually helped cause the problems.
1. There has been and still is a huge government push for people to buy houses. We give a tax deduction for mortgage interest, even on some types of second homes. We have a plethora of policies to make homeowners out of everyone.
2. Our monetary authority, in its infinite wisdom, sometimes pushes interest rates extremely low, encouraging people to borrow a lot and for some investors to take unusual moves to chase returns.
3. Uncle Sam is known to have a soft heart. He is a sucker for a sad story. Put another way, Uncle Sam is a moral hazard creating machine.
While I am sure we will get more regulation, and as suggestions go, some of Blinder's are pretty good, I don't think it's correct to view the housing bubble as an example of the free market going nuts on its own and government having to step in to fix a private sector problem.
Sunday, May 04, 2008
Markets in everything: Dromedary Edition
And now, thanks to soaring oil prices, the bond between Indian and Dromedary is tighter than ever!
Camel demand soars in India
By Jo Johnson in New Delhi
Farmers in the Indian state of Rajasthan are rediscovering the humble camel.
As the cost of running gas-guzzling tractors soars, even-toed ungulates are making a comeback, raising hopes that a fall in the population of the desert state’s signature animal can be reversed.
“It’s excellent for the camel population if the price of oil continues to go up because demand for camels will also go up,” says Ilse Köhler-Rollefson of the League for Pastoral Peoples and Endogenous Livestock Development. “Two years ago, a camel cost little more than a goat, which is nothing. The price has since trebled.”
Market prices for these “ships of the desert”, which crashed with the growing affordability of motorised transport, are rising again as oil prices soar.
A sturdy male with a life expectancy of 60-80 years now fetches up to Rs40,000 ($973), compared to Rs5,000-Rs10,000 three years ago, according to Hanuwant Singh of the Lokhit Pashu-Palak Sansthan, a non-profit welfare organisation for livestock keepers. Entry-level tractors cost around $4,000.
“It’s very good news,” says Mr Singh, whose organisation aims to dispel the image of backwardness associated with camel ownership and tries to promote higher economic returns for breeders. “We had started to see camels, even female ones, being slaughtered for their meat. Now they are replacing the tractor again.”
Ah yes, Mr. Singh, that is very good news indeed.
"the league for pastoral peoples"? "even-toed ungulates"? "little more than a goat, which is nothing"?
People, India and Camels is comedy gold.
Saturday, May 03, 2008
Who are bigger hypocrites than us?
In our government, lying and pandering are in our so commonplace that I don't think anyone in Washington really gives any of this a second thought. The only way I see to change this mess to (1) have national primaries (2) abolish the Senate.
Friday, May 02, 2008
Calling the bottom; or the sky is not falling.
But maybe, just maybe, common sense will start to prevail and the hysteria over "financial meldowns" and "deep protracted recessions" will now quiet down at least a few decibels.
Many troubled financial firms have re-capitalized and financial markets seem to have stabilized. A recession of any type has not, to date, been uncovered. Job losses continue but the April numbers are quite a bit less bad than the previous two months. The unemployment rate is 5%.
America has a lot of problems, but a deep extended recession does not appear to be one of them. Somehow we (me included) consistently underestimate the resiliency of our still mainly free market economy.
Of course one big downside to a lessening of the business cycle apocalypse meme is that it will lead directly to an equi-proportionate increase in inequality hysteria.
This is a direct application of Will Self's "quantity theory of insanity" which posits that whenever insanity falls in one dimension, it rises in another.
Thursday, May 01, 2008
WWAD? Would he cheat on an Ethics Test?
Marvin Zeman and Walter Wallis will both get credit for completing the test they took in 2006. The state Office of Inspector General invalidated their test results, saying the two did not spend enough time on the ethics material.
“I’ve taken this test now three or four times. It was only (in 2006) that there was this nonsense of a time limit,” said Zeman who is president of the faculty association at SIU in Carbondale.
State employees are required to take an annual ethics test that consists of reading
material followed by a series of questions. There are 80-90 computer screen pages of material to review.
Now, what would Angus do, if he were told he had cheated on an ethics test?
ATSRTWT
(nod to Mr. Overwater)
The Economics of Andrew Bird
he signs the checks and leaves them blank
he's the one
he says you don't have to walk a plank
the game is rigged, go fig your
slide show tanked
and your flagship sank
so we're taking all our myths to the bank
so just don't forget who to thank
we're taking our myths to the
drinking a fifth to the
we're taking all our myths to the bank
if you could just do him this favor
although it might involve child labor
join his entourage
give him a foot massage
from Star Search to the Philharmonic
he'll get you there with Hooked on Phonics
he's the one to know
doesn't matter if you blow - no no
deals in commodities of the abstract sort
buys them in bulk but sells them short
talent, genius. love even signs of affection
he floods the market there's no price protection
and when his master plan is unfurled
there stands a handsome bid on the weather systems of the world
(from "Banking on a Myth" off "The Mysterious Production of Eggs")
