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To Accompany the October 17, 2017 edition of Tidbits
Bob Jensen at Trinity University
USA Debt Clock --- http://www.usdebtclock.org/ ubl
In September 2017 the USA National Debt exceeded $20 trillion for the first time
How Your Federal Tax Dollars are Spent ---
To Whom Does the USA Federal Government Owe Money (the booked
obligation of $20+ trillion) ---
The US Debt Clock in Real Time --- http://www.usdebtclock.org/
Remember the Jane Fonda Movie called "Rollover" --- https://en.wikipedia.org/wiki/Rollover_(film)
One worry is that nations holding trillions of dollars invested in USA debt are dependent upon sales of oil and gas to sustain those investments.
To Whom Does the USA Federal Government Owe Money (the
unbooked obligation of $100 trillion and unknown more in contracted
The biggest worry of the entitlements obligations is enormous obligation for the future under the Medicare and Medicaid programs that are now deemed totally unsustainable ---
How Americans Get Health Insurance ---
Sometimes the grass is greener on
the other side because it's been fertilized with more bullshit.
Shoot for the space in between,
because that's where the real mystery lies.
Only those who
will risk going too far can possibly find out how far one can go.
is a crack in everything, that’s how the light gets in.
Be brave enough to start a conversation that matters.
Even conversations that are not politically correct.
Why, we grow rusty and you
catch us at the very point of decadence --- by this time tomorrow we may have
forgotten everything we ever knew. That's a thought isn't it? We'd be back to
where we started --- improvising.
Tom Stoppard, Rosencrantz and Guildenstern are Dead (Act I)
It's hard to beat a person who never gives up.
Historic Home Run Hitter
What's sad is to witness what Syria has become because nobody will give up.
And "because they're
nonstate actors, it's hard for us to get the satisfaction of [Gen.] MacArthur
and the [Japanese] Emperor [Hirohito] meeting and the war officially being
over," Obama observed, referencing the end of World War II.
We must be willing to get rid of the
life we've planned, so as to have the life that is waiting for us.
If everyone is thinking alike, then
somebody isn't thinking.
George S. Patton
If you don't know where you're going, you might
not get there.
Happiness is like a butterfly: the
more you chase it, the more it will elude you, but if you turn your attention to
other things, it will come and sit softly on your shoulder.
Henry David Thoreau
Nikki Haley: 'Without
Inspections, the Iran Deal Is an Empty Promise' ---
NYT: IBM Has More
Employees in India Than in the USA ---
Surprise! Surprise! The main reason is lower labor cost for skilled workers.
There is just 1 murder
per 100,000 residents in New Hampshire, one-quarter of the national murder rate
and the lowest of any U.S. state ---
A FRENCH court has faced
a flurry of nationwide criticism for branding the "sexual relationship" between
an 11-year-old girl and a 28-year-old man consensual ---
Berkeley students shut
down exam, demand 'take-home' instead ---
There’s one big reason
that academic historians turn up their noses at Ken Burns' popular
documentaries: sour grapes ---
Academic scholars and researchers have a lot of input into his documentaries. I especially recall the frequent segments by professors in in his Civil War documentary. It seemed that the segments of his more recent Viet Nam documentary focused more on participants in the war, but this is somewhat logical since so many of them are still alive. Perhaps the one difference between Burns and researchers is that researchers are more focused on uncovering new sources and new knowledge whereas Burns is more focused on how to marshal what is known into a television production. This goes back to the classic difference of academic research versus academic scholarship. Researchers get their recognition from discovery of new knowledge. Also academic historians are more focused on integration of knowledge from various academic disciplines such as philosophy, political science, sociology, economics, and (gasp) business.
Democrats And Republicans
Blast IRS's Decision To Award Equifax $7.25m No-Bid Contract To Prevent Taxpayer
Identity Theft: 'I Thought I Was Reading The Onion' ---
What's next? Awarding the Nobel Peace Prize to Kim Jong-il or the Nobel Economics Prize to Nicolás Maduro.
Tom Malinowski, who
served as Barack Obama's assistant secretary of state for democracy, human
rights and labor from 2014 to 2017, has admitted in a Washington Post article
that the United States "meddled" in Russian elections by financing political
groups. Malinowski says: "until the U.S. Agency for International Development
was expelled from Russia in 2012 [it helped] fund some of the country’s leading
nongovernmental organizations ---
Senator Elizabeth Warren:
Equifax Is Going to Make Millions Off Its Own Data Breach
Senator Warren assumes that the revenue opportunities will exceed the civil lawsuits for damages that she does not mention (at this point damages are great unknowns and difficult to prove, but judges and juries may not be entirely sympathetic with Equifax defenses in court). Companies in this industry have an uncanny ability to survive incidents of incompetence and outright fraud.
Antifa Rioter In Oregon
Gets Five Years In Jail For Torching Police Car ---
New York Times: The
occasional shocking public statements (from adjunct
instructors) should serve as a
reminder of the volatility that comes when — in higher education or outside it —
we allow employment conditions to deteriorate to whatever the market will bear.
Read that as meaning when you pay rock bottom prices for people that will work for food expect some of them to speak, write, and behave like idiots.
ExxonMobil Study ---
For real, a woman with one arm tried to rob a bank
Ivanka and Donald Trump
Jr. Were Close to Being Charged With Felony Fraud ---
What surprised me is how small the bribes were in this case --- peanuts compared to the attorney fees. Makes you wonder how much went under the table that's not being reported.
Double Shame on Penn State
Mr. Piazza's father meets with the university's president, Eric J. Barron, and hands him the program from his son's funeral: "Since no one had the time to come," he says ---
The Atlantic: The media will
feast on the story, which provides an excuse to pay an unwarranted amount of
attention to something viewers are always interested in: the death of a
relatively affluent white suburban kid. Because the culprits are also relatively
affluent white suburban kids, there is no need to fear pandering to the racial
bias that favors stories about this type of victim. The story is ultimately
about the callousness and even cruelty of white men.
In the end scandalous sex in the shower proved to be much more costly to Penn State officials than scandalous death in a fraternity house.
Conservatives are furious
at Trump for not firing the IRS commissioner, and one says it could be because
of his tax returns ---
At last I get it!
Why the Nobel Peace Prize
Brings Little Peace ---
Library Won't Actually Have Library Materials (these will be only available
Why Chicago’s new debt
scheme is reckless ---
The financial collapse of
Illinois is accelerating (now a fleeting $16.5+ billion in unpaid bills)
Following years of mismanagement and corruption (especially in public pensions)
us, Che was a symbol of boldness, intelligence, internationalism,
self-sacrifice, solidarity and, as he said, “at the risk of appearing
ridiculous,” love. Che rejected personal gain and privilege for the leaders in a
struggle for a fair and just society; he lived as he asked others to live.
”(Former Weatherman terrorist Bill Ayres, writing in The Nation. Oct 8th.)
In fact, “Che Guevara’s house was among the most luxurious in Cuba,” wrote Cuban journalist Antonio Llano Montes about the mansion Che Guevara “nationalized” (stole at Soviet gunpoint from rightful owner and moved into) in January 1959.
A few activist heroes lived Spartan lives (think Ghandi, Marx, and Lenin), but most lived in concealed luxury and womanizing, including Stalin, Che Guevara, Fidel Castro, Hugo Chávez, Nicolás Maduro, and Vladimir Putin.
Harvey Weinstein's Contract Allowed For Sexual
For some in California,
minimum reading and math skills are no longer required for a high school diploma as long as students can
think critically ---
Harvard Business Review:
Hiring Discrimination Against Black Americans Hasn’t Declined in 25 Years
Why the United States Is
Saying Goodbye to UNESCO ---
There are various reasons, not the least of which is UNESCO's anti-Israel bias.
China is expected to capture 65% of the battery market by
2021, with much of what remains left for Europe ---
Increasingly the USA will be at the mercy of foreign manufacturers of batteries for cars, trucks, homes, and businesses.
Late night comedians who
rant about Trump won't make jokes Weinstein because he's a Democrat
The TV Networks Newest Approach to
the NFL scandal is to black out the playing of the National Anthem
Yeah, most people of the USA would rather watch advertisements for Budweiser than the playing of the National Anthem.
say that patriotism is the last refuge
To which a scoundrel clings.
Steal a little and they throw you in jail,
Steal a lot and they make you king.
There's only one step down from here, baby,
It's called the land of permanent bliss.
What's a sweetheart like you doin' in a dump like this?
rifleman’s stalking the sick and the lame
Preacherman seeks the same, who’ll get there first is uncertain
Nightsticks and water cannons, tear gas, padlocks
Molotov cocktails and rocks behind every curtain
False-hearted judges dying in the webs that they spin
Only a matter of time ’til night comes steppin’ in
Oh, what did you see, my blue-eyed son
And what did you see, my darling young one
I saw a newborn baby with wild wolves all around it
I saw a highway of diamonds with nobody on it
I saw a black branch with blood that kept drippin'
I saw a room full of men with their hammers a-bleedin'
I saw a white ladder all covered with water
I saw ten thousand talkers whose tongues were all broken
I saw guns and sharp swords in the hands of young children
And it's a hard, and it's a hard, it's a hard, it's a hard
It's a hard rain's a-gonna fall
Hear Bob Dylan’s Newly-Released Nobel Lecture: A Meditation on Music, Literature
& Lyrics ---
Patti Smith Sings Bob Dylan’s “A Hard Rains Gonna Fall” at
Nobel Prize Ceremony & Gets a Case of the Nerves ---
Who Pays USA Taxes?
USA Debt Clock --- http://www.usdebtclock.org/ ubl
Professor Walter E. Williams --- https://en.wikipedia.org/wiki/Walter_E._Williams
Blacks vs. Police
Let's throw out a few numbers so we can put in perspective the NFL players taking a knee during the playing of the national anthem. Many say they are protesting against police treatment of blacks and racial discrimination. We might ask just how much sense their protest makes.
According toThe Washington Post, 737 people have been shot and killed by police this year in the United States. Of that number, there were 329 whites, 165 blacks, 112 Hispanics, 24 members of other races and 107 people whose race was unknown. In Illinois, home to one of our most dangerous cities -- Chicago -- 18 people have been shot and killed by police this year. In the city itself, police have shot and killed ten people and shot and wounded ten others. Somebody should ask the kneeling black NFL players why they are protesting this kind of killing in the Windy City and ignoring other sources of black death.
Here are the Chicago numbers for the ignored deaths. So far in 2017, there have been 533 murders and 2,880 shootings. On average, a person is shot every two hours and 17 minutes and murdered every 12 1/2 hours. In 2016, when Colin Kaepernick started taking a knee, Chicago witnessed 806 murders and 4,379 shootings. It turns out that most of the murder victims are black. Adding to the tragedy is the fact that Chicago has a 12.7 percent murder clearance rate. That means that when a black person is murdered, his perpetrator is found and charged with his murder less than 13 percent of the time.
Similar statistics regarding police killing blacks versus blacks killing blacks apply to many of our predominantly black urban centers, such as Philadelphia, Baltimore, New Orleans, St. Louis and Oakland. Many Americans, including me, see the black NFL player protest of police brutality as pathetic, useless showboating. Seeing as these players have made no open protest against the thousands of blacks being murdered and maimed by blacks, they must view it as trivial in comparison with the police killings. Most of the police killings fit into the category of justified homicide.
NFL players are not by themselves. How much condemnation do black politicians, civil rights leaders, and liberal whites give to the wanton black homicides in our cities? When have you heard them condemning the very low clearance rate, whereby most black murderers get away with murder? Do you believe they would be just as silent if it were the Ku Klux Klan committing the murders?What's to blame for this mayhem? If you ask an intellectual, a leftist or an academic in a sociology or psychology department, he will tell you that it is caused by poverty, discrimination and a lack of opportunities. But the black murder rate and other crime statistics in the 1940s and '50s were not nearly so high as they are now. I wonder whether your intellectual, leftist or academic would explain that we had less black poverty, less racial discrimination and far greater opportunities for blacks during earlier periods than we do today. He'd have to be an unrepentant idiot to make such an utterance.
So what can be done? Black people need to find new heroes. Right now, at least in terms of the support given, their heroes are criminals such as Baltimore's Freddie Gray, Ferguson's Michael Brown and Florida's Trayvon Martin. Black support tends to go toward the criminals in the community rather than to the overwhelming number of people in the community who are law-abiding. That needs to end. What also needs to end is the lack of respect for and cooperation with police officers. Some police are crooked, but black people are likelier to be victims of violent confrontations with police officers than whites simply because blacks commit more violent crimes than whites per capita.
Continued in article
So What's Wrong With the Proposed Republican Tax Plan?
Let Me Count the Ways ---
Then go to
Trump’s tax plan would weaken faith in fairness of US tax system
Gil B. Manzon Jr., Boston College
The administration wants to cut the tax rate on so-called pass-through entities, which is likely to lead to creative tax planning and outright evasion, damaging faith in the system.
Tax ‘reform’ for the rich: Trump’s plan abandons his working-class supporters
Steven Pressman, Colorado State University
President Trump released details of his tax plan, which would essentially benefit the wealthiest Americans by repealing the estate tax and other changes at the expense of the middle class.
Why Congress should let everyone deduct charitable gifts from their taxes
Patrick Rooney, Indiana University-Purdue University Indianapolis
The tax changes Trump and GOP lawmakers propose would reduce charitable giving, research suggests. But letting everyone use a tax break mostly enjoyed by the rich might prevent that
Politically Correct Rudeness in Academe: ACLU Speaker Shouted Down
at William and Mary ---
Are civil liberties coming to an end in higher education?
Bob Jensen's threads on political correctness and the "Closing of American
Cryptocurrency --- https://en.wikipedia.org/wiki/Cryptocurrency
Eight Things Cryptocurrency Enthusiasts Probably Won’t Tell You ---
Soda taxes are good for health. But are they good for local
economies such as in Chicago?
In fairness, soda taxes might generate more revenue if it were not so easy to to store soda and haul it in from suburbs where it's not taxed so greatly. The same applies to liquor taxes in Massachusetts and Maine when it's so easy to haul in tax-free liquor from New Hampshire.
Bob Jensen's health care messaging --- http://faculty.trinity.edu/rjensen/Health.htm
Democrats: Are You Sure
You Want Medicare (plus universal "free" nursing care) for All?
If done well it will cost more than the entire USA Federal budget with exploding future inflation expenses.
Bob Jensen's threads on health coverage are at
Tidbits Archives ---
Jensen's Pictures and Stories
Summary of Major Accounting Scandals --- http://en.wikipedia.org/wiki/Accounting_scandals
Bob Jensen's threads on such scandals:
Bob Jensen's threads on audit firm litigation and negligence ---
Current and past editions of my
newsletter called Fraud Updates ---
Enron --- http://faculty.trinity.edu/rjensen/FraudEnron.htm
Rotten to the Core --- http://faculty.trinity.edu/rjensen/FraudRotten.htm
American History of Fraud --- http://faculty.trinity.edu/rjensen/FraudAmericanHistory.htm
Bob Jensen's fraud
Bob Jensen's threads on
auditor professionalism and independence are at
Bob Jensen's threads on
corporate governance are at
Against Validity Challenges in Plato's Cave ---
· With a Rejoinder from the 2010 Senior Editor of The Accounting Review (TAR), Steven J. Kachelmeier
· With Replies in Appendix 4 to Professor Kachemeier by Professors Jagdish Gangolly and Paul Williams
· With Added Conjectures in Appendix 1 as to Why the Profession of Accountancy Ignores TAR
· With Suggestions in Appendix 2 for Incorporating Accounting Research into Undergraduate Accounting Courses
Against Validity Challenges in Plato's Cave ---
By Bob Jensen
wrong in accounting/accountics research? ---
The Sad State of Accountancy Doctoral Programs That Do Not Appeal to Most
AN ANALYSIS OF THE EVOLUTION OF RESEARCH CONTRIBUTIONS BY THE ACCOUNTING REVIEW:
Bob Jensen's threads on accounting theory
Systemic problems of accountancy (especially the vegetable nutrition paradox)
that probably will never be solved
Bob Jensen's economic crisis messaging http://faculty.trinity.edu/rjensen/2008Bailout.htm
Bob Jensen's threads --- http://faculty.trinity.edu/rjensen/threads.htm
Bob Jensen's Home Page --- http://faculty.trinity.edu/rjensen/