To Accompany the May 16, 2019 edition of Tidbits
Bob Jensen at Trinity University
My Latest Web Document
Over 400 Examples of Critical Thinking and Illustrations of How to Mislead With Statistics ---
Animated Visualization of the United States’ Exploding Population Growth
Over 200 Years (1790 – 2010) ---
A Visualization of the United States’ Exploding Population Growth Over 200 Years (1790 – 2010)
USA Debt Clock --- http://www.usdebtclock.org/ ubl
In September 2017 the USA National Debt exceeded $20 trillion for the first time
Human Population Over Time on Earth ---
move is underway to destroy the American Dream of rags to riches (by taxing away
the riches) the Chinese dream is on the rise.
The Chinese Dream
How a Chinese billionaire went from making $16 a month in a factory to being one of the world's richest self-made women with an $8.3 billion real-estate empire ---
Top 50 Billionaires in China ---
The question for students to debate is why a supposed communist country allows so many billionaires to rise up from poverty.
That's supposed to happen in the USA where a child growing up in deep poverty (think Oprah Winfrey or Howard Shultz) became a multi-billionaires.
But is it also supposed to happen under communism? If so, why?
One reason is that many billionaires can afford to pour lots of money into high risk ventures. When's the last time you heard about a high risk (think Silicon Valley) venture in Europe?
Wikiquote from Wikipedia --- https://www.wikiquote.org/
History will prove former President Donald
Trump was correct about Mexico one day funding an impenetrable wall --- to keep
out over 2 billion starving green immigrants seeking to enter Mexico from the
Left’s Anti-Capitalist Manifesto: Its goal is to remake our economic system —
and the Democratic Party ---
Praise of Cheap Labor," by Paul Krugman,
Slate, March 21, 1997 ---
Corruption in general has a deleterious effect
on the readiness of economic agents to invest. In the long run, it leads to a
paralysis of economic life. But very often it is not that economic agents
themselves have had the bad experience of being cheated and ruined, they just
know that in this country, or in this part of the economy, or this building
scene, there is a high likelihood that you will get cheated and that free riders
can get away with it. Here again, reputation is absolutely essential, which is
why transparency is so important. Trust can only be engendered by transparency.
It's no coincidence that the name of the most influential non-governmental
organization dealing with corruption is Transparency International.
A Conversation with Karl Sigmund: When Rule of Law is Not Working
Mortgage Backed Securities are like boxes
of chocolates. Criminals on Wall Street and one particular U.S. Congressional
Committee stole a few chocolates from the boxes and replaced them with turds.
Their criminal buddies at Standard & Poors rated these boxes AAA Investment Grade
chocolates. These boxes were then sold all over the world to investors.
Eventually somebody bites into a turd and discovers the crime. Suddenly nobody
trusts American chocolates anymore worldwide. Hank Paulson now wants the
American taxpayers to buy up and hold all these boxes of turd-infested
chocolates for $700 billion dollars until the market for turds returns to
normal. Meanwhile, Hank's buddies, the Wall Street criminals who stole all the
good chocolates are not being investigated, arrested, or indicted. Momma always
said: '"Sniff the chocolates first Forrest." Things generally don't pass the
smell test if they came from Wall Street or from Washington DC.
Forrest Gump as quoted at http://newsgroups.derkeiler.com/Archive/Rec/rec.sport.tennis/2008-10/msg02206.html
It is not that machines are going to replace
chemists. It’s that the chemists who use machines will replace those that don’t
Gallup: Americans Say No. 1 Problem is
'Government,' No. 2 is 'Immigration' ---
"If you open the borders, my God, there's a
lot of poverty in this world, and you're going to have people from all over the
world. And I don't think that's something that we can do at this point."
Great fleas have little fleas upon their backs to bite 'em, And little fleas have lesser fleas, and so on ad infinitum ---
Augustus De Morgan
Prior to 1980 what was unique about the year of his birth in 1871?
12 inspiring quotes from Martin Luther King
21 oustanding Warren Buffet quotations ---
The Atlantic: The Swiftly Closing
Borders of Europe ---
Italian Minister tells NGO Italy doesn’t want migrants: “Our ports are closed!”
enemy is fear
We think it's hate
But, it's fear
13 of the (alleged) most famous last words in
21 of Michelle Obama's most inspiring quotes
on work, success, and relationships ---
19 unforgettable quotes from legendary Marine
Gen. Jim 'Mad Dog' Mattis, who quit as Trump's defense secretary ---
Here are the Ten Best Pieces of Advice from
2018 Commencement Speakers ---
Sometimes the grass is greener on the other side because it's been fertilized
with more bullshit.
The Lucretius Problem is a mental defect where
we assume the worst case event that has happened is the worst case event that
can happen ---
The worst form of inequality is to try to make
unequal things equal.
The Economic Ignorance of Bernie Sanders ---
Bernie Sanders’ New Campaign Advisor David Sirota Once Touted
Hugo Chavez’s ‘Economic Miracle’ in Venezuela ---
How many times have we heard ‘free
tuition,’ ‘free health care,’ and free you-name-it? If a particular good or
service is truly free, we can have as much of it as we want without the
sacrifice of other goods or services. Take a ‘free’ library; is it really free?
The answer is no. Had the library not been built, that $50 million could have
purchased something else. That something else sacrificed is the cost of the
library. While users of the library might pay a zero price, zero price and free
are not one and the same. So when politicians talk about providing something
free, ask them to identify the beneficent Santa Claus or tooth fairy.
Every great cause begins as a movement,
becomes a business, and eventually degenerates into a racket.
The inherent vice of capitalism is the unequal
sharing of blessings; the inherent virtue of socialism is the equal sharing of
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.
There is a crack in
everything, that’s how the light gets in.
In honor of his centennial, the Top 10 Feynman
Thomas Sowell (controversial
conservative black economist) ---
The 30 Best Thomas Sowell Quotes ---
Be brave enough to start a
conversation that matters.
Even conversations that are not politically correct.
That government is best which governs the least,
because its people discipline themselves.
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 gave up earlier.
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.
President Barack Obama when asked if the USA of the future will be perpetually engaged in war.
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
And many writers have imagined for themselves
republics and principalities that have never been seen or known to exist in
reality; for there is such a gap between how one lives and how one ought to live
that anyone who abandons what is done for what ought to be done learns his ruin
rather than his preservation: for a man who wishes to profess goodness at all
times will come to ruin among so many who are not good.
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
Today, humanity fabricates 1,000 times more
transistors annually than the entire world grows grains of wheat and rice
I learned long ago never to wrestle with a pig.
... You get dirty and besides the pig likes it ---
George Bernard Shaw
You can get a lot farther with a smile and a
gun than you can with just a smile.
21 quotes from self-made billionaires that
will change your outlook on money ---
The Best Advice from 2018's Celebrity
Commencement Speakers ---
If the end brings me out all right, what is
said against me won’t amount to anything. If the end brings me out wrong, ten
angels swearing I was right would make no difference.
Lincoln on How to Handle Criticism ---
The Economist: A new kind of left-wing
doctrine is emerging. It is not the answer to capitalism’s problems ---
The Bernie Sanders Paradox: When Socialism Grows
Fed up cystic fibrosis patients are threatening
to move out of Britain since the health service won't cover a $272,000 drug ---
Socialism: A Track Record Of Failure ---
Alexandria Ocasio-Cortez says the botched Green
New Deal rollout was her biggest mistake yet in Congress ---
While the use of federal grants in Warren’s bill
may help reduce exclusionary zoning, it’s other provisions would reduce the
supply of rental housing ---
Can you imagine? --- possible fraud in the public sector
Federal agents raided the homes and offices of
Baltimore’s embattled mayor on Thursday amid widening probes to determine
whether she used sales of her children’s books to disguise government kickbacks
Boy Scouts Of America Release The Names Of Over
7600 Scout Leaders Who Violated Kids! ---
Congrats, Kamala. You may not have planned on
being the talk of the town, but you are. And you'll also be the reason for the
spike in guns and ammo sales. Can't wait to see what the National Instant
Criminal Background Check (NICS) numbers are for April ---
This is such a dangerous increase in arms and ammo for no good reason since her chances of actually becoming President of the USA are zilch.
The US economy blows past growth expectations in
the first quarter ---
This Banking Fraud Shows How Shady China’s Economy Remains
The US White Majority Will Soon Disappear
Democrats Are Stifling Their Liberal Wing’s
Biggest Ideas ---
Due Process Hearing. He then submitted an O.I.C. for an $842,061 offer in full satisfaction of his $23.5 million debt to the IRS. Offer rejected!
NYT: Trump and Democrats Agree to Pursue $2
Trillion Infrastructure Plan ---
Nigeria: Hundreds of Christians have been
killed in recent months and entire Christian villages wiped out, as the
international community stands by in silence ---
Are the major media outlets (think ABC, CBS, and NBC) totally ignoring the Libyan slave trade in blacks that was exposed by CNN? Why the silence?
Islamic Views on Slavery ---
Discrimination and Disparities
(a look at history)
MIT: Getting rid of air pollution might
make droughts worse ---
The avg Venezuelan adult has lost 24 lbs. Babies have no medicine. Families have to walk miles in the heat to get the only meal they may have that day. All because of the corrupt Maduro regime. Your comments are so far from the truth. Cuba and Russia appreciate your support.
to USA-hating Ilhan Omar who blames the USA for everything bad in the world,
including the economic collapse of Venzuela
Why are government workers in California paid
twice as much as private sector workers?
Baltimore Mayor Catherine Pugh Resigns Amid
Self-Published Children's Books Scandal ---
Jobs report crushes expectations, unemployment
drops to 50-year low ---
The New York Times admitted on Thursday that the
Obama administration deployed multiple spies against the Trump campaign in 2016,
confirming recent comments by Attorney General William Barr that 'spying did
occur' during the campaign ---
The Pentagon Doesn't Want to Report on Its Failed War in
Vanguard Patented a Way to Avoid Taxes on Mutual
2020 Candidates Are Still Pouring Money
Into Facebook Adds ---
Ticky Tack: Brad Pitt's post-Katrina
housing project is under fire after homes started rotting and collapsing. Here's
everything that's gone wrong ---
Like Sean Penn's houses for Haiti
Is Trump's intuition better than we think?
David Beckworth: The Fed's Inflation-Targeting Framework Has Forced Monetary Policy to be Too Tight for the Better Part of a Decade →
NY Times: You Can’t Tax The Rich Without The IRS
NYT Editorial Board Concedes Trump is Right on
Border Crisis, Urges Congress to Fulfill New WH Budget Request ---
Romer (Nobel Prize Winning Economist) ---
A Tax That Could Fix Big Tech ---
Robert P. Murphy's Summary of Friedrich Hayek's
Contributions and Views →
NYT: Algeria’s Turmoil Adds New Obstacle to
Saving the Historic Casbah ---
The Congressional Budget Office (CBO) says
the federal student-loan program
is running a deficit
taxpayers an estimated $31.5 billion
over the next decade. A year ago the agency said the program
would pay an
over the same time period.
On the humorous side, the Chairwoman of the House Committee on Financial Services recently embarrassed herself on national television by revealing she was not even aware the the government took over student lending from commercial banks.
On the somber side the supposedly bipartisan CBO has a biased habit of underestimating what legislation will cost taxpayers. The CBO's record of protecting taxpayers is dismal.
Something Odd About How The NYT Reported On The Trump Spygate Story --- https://townhall.com/tipsheet/mattvespa/2019/05/07/ny-post-columnist-the-liberal-media-became-a-deep-state-errand-boy-on-trump-sp-n2545919?utm_source=thdailypm&utm_medium=email&utm_campaign=nl_pm&newsletterad=&bcid=b16c6f948f297f77432f990d4411617f&recip=17935167
Pete Buttigieg says if 'God belonged to a political party' it wouldn't be the Republican party ---
“Judge not, lest you be judged”
Matthew 7: 1-2
"He that is without sin among you, let him first cast a stone ... "
John 8: 7
We might also tell Pete that perhaps the Democratic Party needs him far more (but that is only a Jensen attemped joke)
French Chemist Lavoisier executed by guillotine
in the Reign of Terror following the French Revolution. The next day Lagrange
commented: "It took them only an instant to cut off that head, and a hundred
years may not produce another like it."
The Guardian: How the News Took Over
Belt and Road ---
Is China's Belt and Road a big, dysfunctional mistake?
How college professors push students toward
And they never mention how pension savings nearly 200+ million parents will be crushed by taking trillions from investors to pay for social programs like free medical care, free medications, free college, guaranteed annual income, etc.
Joe Biden wants to head to the 'middle ground' on climate change
The Democratic Party will soon be writing a 2020 Election Platform. What I
fear is that this platform will overlook the following question:
What will the Democratic Party do for pension savings?
Like it or not pension savings are very fragile for the USA's hundreds of
millions of city workers, county workers, state workers, hotel workers, auto
workers, teachers, college employees, and nearly all other workers in the public
and private sectors.
The problem is that most every worker's pension savings balance is dependent upon capital market values (e.g., stock prices, bond prices, and real estate prices).
The 2020 Democratic Party Platform will likely propose new social spending programs for green initiatives, free medical care, free medications, student loan forgiveness followed by free college for everybody, guaranteed annual income for 350+ USA residents, reparations for African and Native Americans, and billions for new subsidized housing on top of existing safety nets such as food stamps and welfare and housing.
Taxes will have to be increased annually by trillions of dollars to pay for these new social programs.
Stock markets in the USA just reached all-time highs. The question is whether those increased trillions in taxes will crash the capital markets and, thereby, wipe out the pension savings of hundreds of millions or workers.
To date the Democratic Party is vague about how it will fund the trillions of dollars planned annually for new social programs.
How will pension savings be preserved when trillions in new taxes are proposed?
What will keep stock markets from crashing if you tax trillions from investors?
For example, will free college for students wipe out the pension savings of their parents in funds like CalPERS, CREF, Fidelity, Vanguard, etc.?
Progressives will counter that other nations manage to provide free college.
In OECD nations (think Finland, Denmark, Germany, and Norway) that have
free college or free job training, well over half of the Tier 2 graduates are not even allowed to go to college or receive free
job training paid for by their governments. This makes "free college"
or "free training" affordable by limiting it only to top graduates . . .
The Democratic Party's 2020 Platform will assuredly not limit the USA's free college to the very top high school graduates.
“You have to make decisions that you’re going to reach certain goals, and some
of our goals we think are
"Plan for the best, but prepare for the worst"
Bob Jensen's fortune cookie on April 30, 2019
Government Spending (as a percentage of GDP) on Colleges in
the US Is Higher than in the Countries with "Free" College ---
Democrats Running for President Are Staking Out Ground on Free College.
Here’s Where They Stand ---
I repeat that in OECD nations (think Finland, Denmark, Germany, and Norway) that have free college or free job training, well over half of the Tier 2 graduates are not even allowed to go to college or receive free job training paid for by their governments. This makes "free college" or "free training" affordable by limiting it only to top graduates . . .
Job training is mostly provided in the private sector of these capitalist nations.
Most Democrats running for president in 2020 (including Joe Biden) want to make college education and job training free for 350+ million residents of the USA who choose to take advantage of free courses, including free learning materials (think textbooks and computers). The estimated cost is staggering, especially if you add in forgiveness of over $1.5 trillion in student debt. Costs are difficult to estimate at this point in time without more details as to the quality of the free education and training. If all flagship universities are included, the cost of adding capacity for onsite courses and labs to serve any and all applicants is staggering --- perhaps more than the current USA budget for everything else including defense, Social Security, Medicaid, and Medicare. The problem is compounded by over $100+ trillion for other proposed spending trillions annually for Green Initiatives, Medicare-for-All (including long-term care and free medications), a $25,000 pay raise for every teacher in the USA, guaranteed annual income for 350+ million residents of the USA, reparations for African and Native Americans, and greatly expanded subsidized housing.
Are these presidential candidates really serious or are they just trying to buy votes with promises that will destroy the economic engine of the USA and ruin all pension funds (think TIAA and CREF) along with killing existing stock, bond, and real estate markets?
I think Joe Biden should set himself apart by promoting realistic objectives that can be attained without destroying the USA economy. At this point in time, however, realistic objectives may ruin his chances for winning the nomination.
“You have to make decisions that you’re going
to reach certain goals, and some of our goals
we think are achievable”
Government Spending (as a percentage of GDP) on Colleges in the
US Is Higher than in the Countries with "Free" College ---
Do Minorities Pay More for Mortgages?
44 Pages Posted: 19 Apr 2019
Board of Governors of the Federal Reserve System
Board of Governors of the Federal Reserve System
Date Written: March 14, 2019
We test for discrimination against minority borrowers in the prices charged by mortgage lenders. We construct a unique dataset of federally-guaranteed loans where we observe all three dimensions of a mortgage’s price: the interest rate, discount points, and fees. While we find statistically significant gaps by race and ethnicity in interest rates, these gaps are exactly offset by differences in discount points. We trace out point-rate price schedules and show that minorities and whites face identical schedules, but sort to different locations on the schedule. Such sorting likely reflects differences in liquidity or preferences, rather than lender steering. Indeed, we also provide evidence that lenders generate the same expected revenue from minorities and whites. Finally, we find no differences in total fees by race or ethnicity.
Keywords: Discrimination, Fair Lending, Mortgage, Points, Interest Rate, FHA, Consumer Protection, High-Cost Mortgage
JEL Classification: G21, G28
Pension Scams: Corrupt Consulting "Everywhere"
A candidate in Kentucky vows to expose the
nation’s worst public pension system in a way that could reveal corruption
ILLINOIS’ PENSION CRISIS IS MORE FEARSOME THAN
UNION FLACKS WANT US BELIEVE ---
The only problem for Martire was that an was in the audience and he punched deadly holes into the Democrat's scam. I invite everyone to of Mitchell I. Serota, Ph.D., a Fellow of the Society of Actuaries, in which he, among other things, reveals that the real unfunded pension obligation of Illinois' five public employee pension funds is more like $250 not the often stated $140 billion. (I've previously written about this .) Where the hell will Illinois find a quarter of a
Among the union flacks is one funded by Illinois public employee unions.
Continued in article
Social Security "insurance" is nothing like real insurance ---
Every time the Social Security trustees issue their annual report, some people notice that the system’s huge unfunded liabilities (currently, a $42.1 trillion cumulative shortfall) are inherently unfair to future Americans. That threatens its status as the “third rail” of politics, which electrocutes anyone who tries to touch it.
Continued in article
How to Mislead With Statistics
Polls Say Biden, Bernie Could Beat Trump. Should You Believe Them?
What is the most misleading about an traditional political poll?
Answer: It's reported accuracy. For example, the Emerson College Poll claims 93% accuracy on election day.
What this ignores how the poll is at times before election day, especially over a year before election day.
Polls tend to converge with considerable accuracy on election day, but they are often way off base long before elections.
Right up to the day of election, the population from which polls are sampled is usually a non-stationary process that, in many instances, changes dramatically week to week.
Also the polls can be highly inaccurate in very close races.The 2016 Presidential election is a dramatic illustration of polling errors since virtually all polls predicted Clinton would beat Trump.
The article article pretty well explains why polls are misleading, especially over a year in advance.
One ranking of poll accuracy ---
Secretariat’s Kentucky Derby Record Is Safe, Thanks To The Taxman
There are several reasons: Tracks are sandier to lessen the risk of injury. Hormones were banned in 2008. And then there’s the Tax Reform Act of 1986.
How to Mislead With Statistics
American Economic Review: Who Pays for the Minimum Wage? ---
This is one of those studies with conclusions that are embedded in a whole lot of unmentioned caveats. For example:
Does Hungary have anything close to the $2 trillion underground economy that provides alternatives to the minimum wage for both employers and employees?
Are there enormous differences between industries such as restaurant workers versus landscape workers (in Texas there are probably more landscape workers working in the underground economy than the economy paying more and providing benefits)?
My own opinion is that having an enormous underground economy changes everything about minimum wage conclusions. Interestingly the underground economy may pay much more than minimum wage, especially when there are skills (think auto mechanics) or risks (think farm and yard chemicals) or enormous discomforts (think of working on a metal roof under Arizona's sun). But even when there relatively high wages there are seldom underground economy benefits like medical insurance and unemployment compensation and pension contributions.
Jensen's threads on the underground economy ---
Finland’s government collapses over failed health care reform ---
Bernie Sanders: "You’re Damn Right We’re Going to Destroy Private Health
Reason Magazine's Really Important Concerns about Medicare-for-All
The Contradiction at the Heart of Bernie Sanders' Medicare for All Plan ---
There is a huge contradiction at the heart of Bernie Sanders' Medicare for All plan.
Sanders calls this Medicare for All, but what he's describing isn't Medicare as we now know it. As
Continued in article
Another contradiction is that to pay for Medicare-for-All Bernie Sanders wants to tax most of what high-income workers earn, and the highest income professionals in the USA on average are physicians. There is currently a shortage of physicians. This shortage will become critical as medical care becomes virtually free and often overused as a free service by hundreds of million residents of the USA.
Here's the second contraction
Taxing physician income at 70% or more will discourage students from becoming physicians and will give existing physicians incentives to retire early or work at leisurely part-time doctoring. Far better work two days per week and pay a 30% income tax rate than to be a 60--hour week highly stressed, and overworked physician being taxed at 70% of every extra dollar earned.
Medicare-for-All is a Tragedy of the Commons ---
Bernie Sanders and AOC have jointly proposed legislation to cap credit card interest to 15% ---
Many people in the USA will then not be able to get a credit card.. Below I link to an academic study on this topic.
I might note that in a similar vein I've had a long time distaste for these companies that set up storefronts near military bases and factories, store fronts that charge very high interest rates for payday loans --- high interest loans in advance of payday. Of course one of their incentives is to have borrowers fail to payoff those loans on payday such that the high interest rate earnings continue on for months or even years.
I was a proponent of interest rate caps. Then a well-known finance professor colleague, whose office was two doors down from mine, explained why he's against interest rate caps. The main reason is that people who borrow at such high interest rates are usually desperate. For example, they may be on the verge of being evicted from housing. They may have a desperately ill child. If they can't get a credit card charging a 22% apr they might have to resort to predatory lenders charging a 100% apr, lenders that break knee caps to collect overdue loans.
In the case of credit cards perhaps they have no intention of borrowing at an enormous interest rate of something like 25% on the card. However, if their credit is so lousy that they cannot otherwise get a credit card they're up the well-known creek just by not having a credit card. For example, you cannot rent a car in the USA or maybe even get a hotel room without having a valid credit card even if you don't borrow on that card. In other words, in some instances the legislation proposed by Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez simply means not being able to get a credit card!
Here's an academic study on usury and interest rate caps.
Price Regulation in Credit Markets: A Trade-off between Consumer
Protection and Credit Access*
Abstract. Interest rate caps are widespread in consumer credit markets, yet there is limited evidence on its effects on market outcomes and welfare. Conceptually, the effects of interest rate caps are ambiguous and depend on a trade-off between consumer protection from banks’ market power and reductions in credit access. We exploit a policy in Chile that lowered interest rate caps by 20 percentage points to understand its impacts. Using comprehensive individual-level administrative data, we document that the policy decreased transacted interest rates by 9%, but also reduced the number of loans by 19%. To estimate the welfare effects of this policy, we develop and estimate a model of loan applications pricing, and repayment of loans. Consumer surplus decreases by an equivalent of 3.5% of average income, with larger losses for risky borrowers. Survey evidence suggests these welfare effects may be driven by decreased consumption smoothing and increased financial distress. Interest rate caps provide greater consumer protection in more concentrated markets, but welfare effects are negative even under a monopoly. Risk-based regulation reduces the adverse effects of interest rate caps, but does not eliminate them.
Alas. The road to Hell is paved with good intentions.
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/