Tidbits on February 14 2019
Bob Jensen at Trinity University

Historic Photographs (Set 05) of the Sunset Hill House Resort Shared by Gunsmith Ron Resden from Vermont



Tidbits on February 14, 2019
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Bob Jensen's Tidbits ---

For earlier editions of Fraud Updates go to http://faculty.trinity.edu/rjensen/FraudUpdates.htm
For earlier editions of New Bookmarks go to http://faculty.trinity.edu/rjensen/bookurl.htm 
Bookmarks for the World's Library --- http://faculty.trinity.edu/rjensen/bookbob2.htm 

Bob Jensen's past presentations and lectures --- http://faculty.trinity.edu/rjensen/resume.htm#Presentations   

Bob Jensen's Threads --- http://faculty.trinity.edu/rjensen/threads.htm

Bob Jensen's Home Page is at http://faculty.trinity.edu/rjensen/

More of Bob Jensen's Pictures and Stories

Updates from WebMD --- Click Here

Google Scholar --- https://scholar.google.com/

Wikipedia --- https://www.wikipedia.org/

Bob Jensen's search helpers --- http://faculty.trinity.edu/rjensen/searchh.htm

Bob Jensen's World Library --- http://faculty.trinity.edu/rjensen/Bookbob2.htm

USA Debt Clock --- http://www.usdebtclock.org/ ubl

Mathematical Association of America: On This Day --- www.maa.org/news/on-this-day

Online Video, Slide Shows, and Audio

A History of the Entire World in Less Than 20 Minutes ---

An Animated Reconstruction of Ancient Rome: Take A 30-Minute Stroll Through the City’s Virtually-Recreated Streets ---

Journeys in Film (Education) --- https://journeysinfilm.org/

TED Talk:  Did you know that almost 150 million people worldwide are born intersex -- with biology that doesn't fit the standard definition of male or female?

Watch The Journey, the New Ridley Scott Short Film Teased During the Super Bowl ---

Socratica Educational (science videos for kids) --- www.youtube.com/user/SocraticaStudios

Watch 66 Oscar-Nominated-and-Award-Winning Animated Shorts Online, Courtesy of the National Film Board of Canada ---

UN Audiovisual Library --- www.unmultimedia.org/avlibrary

To the Best of Our Knowledge (radio programs) --- www.ttbook.org

TeachEngineering: Riding the Radio Waves --- www.teachengineering.org/lessons/view/duk_amradio_tech_less

Big Picture Science (radio programs) --- http://radio.seti.org/

The Inn on Sunset Hill (just down from our cottage) ---


Free music downloads --- http://faculty.trinity.edu/rjensen/music.htm
In the past I've provided links to various types of music and video available free on the Web. 
I created a page that summarizes those various links --- http://faculty.trinity.edu/rjensen/music.htm 

How the Clavichord & Harpsichord Became the Modern Piano: The Evolution of Keyboard Instruments, Explained ---

Watch a Towering Orchestral Tribute to Kate Bush: A 40th Anniversary Celebration of Her First Single, “Wuthering Heights”  ---

A Vintage Grand Piano Gets Reengineered to Play 20 Different Instruments with a Push of Its Keys ---

Gods, Gurus, and the Search for the Holy Grail: Bach Recordings from 2018 ---

Web outfits like Pandora, Foneshow, Stitcher, and Slacker broadcast portable and mobile content that makes Sirius look overpriced and stodgy ---

Pandora (my favorite online music station) --- www.pandora.com
(online music site) --- http://www.theradio.com/
Slacker (my second-favorite commercial-free online music site) --- http://www.slacker.com/

Gerald Trites likes this international radio site --- http://www.e-radio.gr/
Songza:  Search for a song or band and play the selection --- http://songza.com/
Also try Jango --- http://www.jango.com/?r=342376581
Sometimes this old guy prefers the jukebox era (just let it play through) --- http://www.tropicalglen.com/
And I listen quite often to Soldiers Radio Live --- http://www.army.mil/fieldband/pages/listening/bandstand.html
Also note
U.S. Army Band recordings --- http://bands.army.mil/music/default.asp

Bob Jensen's threads on nearly all types of free music selections online ---

Photographs and Art

Chinese satellite captures moon and Earth like you've never seen them ---
Click Here

The Cleveland Museum of Art Digitizes Its Collection, Putting 30,000 Works Online and Into the Public Domain ---

Photos of Famous London Landmarks ---

Download Free Coloring Books from 113 Museums ---

As poppies bloom, Mexico seeks to halt heroin trade ---

Historic Manuscript Filled with Beautiful Illustrations of Cuban Flowers & Plants Is Now Online (1826 ) ---

Wreck of the World War II aircraft carrier USS Hornet is discovered in the South Pacific 77 years after it was sunk by the Imperial Japanese Navy ---

US Navy photographer tells the wild story of how she shot these stunning photos of F-35 stealth fighters ---

Bob Jensen's threads on art history ---

Bob Jensen's threads on history, literature and art ---

Online Books, Poems, References, and Other Literature
In the past I've provided links to various types electronic literature available free on the Web. 
I created a page that summarizes those various links --- http://faculty.trinity.edu/rjensen/ElectronicLiterature.htm

Bob Jensen's threads on libraries --- http://faculty.trinity.edu/rjensen/bookbob2.htm#---Libraries

Longreads: Stories to Read in 2019 ---

55 places you can download tens of thousands books, plays and other literary texts completely legally for free ---

Free Electronic Literature --- http://faculty.trinity.edu/rjensen/ElectronicLiterature.htm
Free Online Textbooks, Videos, and Tutorials --- http://faculty.trinity.edu/rjensen/ElectronicLiterature.htm#Textbooks
Free Tutorials in Various Disciplines --- http://faculty.trinity.edu/rjensen/Bookbob2.htm#Tutorials
Edutainment and Learning Games --- http://faculty.trinity.edu/rjensen/000aaa/thetools.htm#Edutainment
Open Sharing Courses --- http://faculty.trinity.edu/rjensen/000aaa/updateee.htm#OKI

Now in Another Tidbits Document
Political Quotations on February 14, 2019

USA Debt Clock --- http://www.usdebtclock.org/ ubl

To Whom Does the USA Federal Government Owe Money (the booked obligation of $19+ 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)

To Whom Does the USA Federal Government Owe Money (the unbooked obligation of $100 trillion and unknown more in contracted entitlements) ---
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 ---

Entitlements are two-thirds of the federal budget. Entitlement spending has grown 100-fold over the past 50 years. Half of all American households now rely on government handouts. When we hear statistics like that, most of us shake our heads and mutter some sort of expletive. That’s because nobody thinks they’re the problem. Nobody ever wants to think they’re the problem. But that’s not the truth. The truth is, as long as we continue to think of the rising entitlement culture in America as someone else’s problem, someone else’s fault, we’ll never truly understand it and we’ll have absolutely zero chance...
Steve Tobak ---

"These Slides Show Why We Have Such A Huge Budget Deficit And Why Taxes Need To Go Up," by Rob Wile, Business Insider, April 27, 2013 ---
This is a slide show based on a presentation by a Harvard Economics Professor.

Peter G. Peterson Website on Deficit/Debt Solutions ---

Bob Jensen's threads on entitlements --- http://faculty.trinity.edu/rjensen/Entitlements.htm

Bob Jensen's health care messaging updates --- http://faculty.trinity.edu/rjensen/Health.htm

Student Changes Grades and Downloads Exam in Computer Hack
Student Pleads Guilty to Computer Fraud, Trying to Preserve Scholarship:  Faces $250,000 Fine and Five Years in Prison ---

AICPA:  How to identify and prevent contract cheating in courses ---

Bob Jensen's threads on distance education cheating prevention ---

Bob Jensen's threads on students who cheat ---

Swiss e-voting trial offers $150,000 in bug bounties to hackers ---

Jensen Comment
The entire nation of Switzerland has less than nine million people which means that the entire nation has fewer people than the USA has undocumented immigrants. The USA has 300+ million people with many of them scattered over tens of thousands of smaller voting precincts. The vulnerability is in e-voting is still human in the precinct registration process. Switzerland can more tightly control the registration process than rural USA such that it's not so simple to control e-voting fraud in the USA as it is Switzerland.

Political parties in Switzerland not trying to make illegal voting as easy as political parties in the USA want to encourage illegal voting --- in Texas the dead vote year after year for decades.

Think of how many whistleblowers would love it if we placed a $150,000 bounty in the USA for every detected illegal vote. That might replace the entire USA welfare system.

Five emerging cyber-threats to worry about in 2019 ---

Last year was full of cybersecurity disasters, from the revelation of security flaws in billions of microchips to massive data breaches and attacks using malicious software that locks down computer systems until a ransom is paid, usually in the form of an untraceable digital currency.

We’re going to see more mega-breaches and ransomware attacks in 2019. Planning to deal with these and other established risks, like threats to web-connected consumer devices and critical infrastructure such as electrical grids and transport systems, will be a top priority for security teams. But cyber-defenders should be paying attention to new threats, too. Here are some that should be on watch lists:

. . .

Businesses that host other companies’ data on their servers—or manage clients’ IT systems remotely—make super-tempting targets for hackers. By breaching these companies’ systems, they can get access to those of clients, too. Big cloud companies like Amazon and Google can afford to invest heavily in cybersecurity defenses and pay salaries that attract some of the best talent in the field. That doesn’t make them immune to a breach, but it’s more likely that hackers will target smaller firms.

This has already started to happen. The US government recently accused Chinese hackers of sneaking into the systems of a company that managed IT for other firms. Using this access, the hackers were allegedly able to gain access to the computers of 45 companies around the world, in industries from aviation to oil and gas exploration.

Dubbed “Cloudhopper” by security experts, the attack is just the tip of what’s going to be a fast-growing iceberg. “You’re going to see [hackers] move from focusing on desktop malware to data-center malware” that offers significant economies of scale, says Chenxi Wang, the founder of Rain Capital, a venture capital firm that specializes in cybersecurity.

Some of the other risks we’ve listed may seem less pressing than this one. But when it comes to cybersecurity, the companies best prepared to tackle tomorrow’s threats will be the ones most willing to exercise their imaginations today.

Jensen Comment
It seems an impossible dream to get the Chinese and Russians to play fair in the world. This is World War III.

A Norwegian cloud computing firm has been hit by a Chinese cyberattack ---

Click Here

The Best Video Doorbell With Facial Recognition ---

Jensen Comment
isn't facial recognition illegal now in some sanctuary cities like San Francisco?

What is Doxing, and Why is it Considered Bad?

Jensen Comment
Makes you wonder about telephone number reverse lookups on Google and other Web crawlers.

Seems like humans can't visit anywhere without trashing up the place

U.S. NASA NASA's Opportunity Rover Declared Dead After Record-Breaking 15 Years on Mars NASA's Opportunity Rover Declared Dead After Record-Breaking 15 Years on Mars ---
Click Here

This is a rather lengthy computer file (with video clips) off the 2019 Super Bowl ---

Some of you may not get the "Goat" meaning of the last sentence of the article:
"And after one final kneel down, it was another ring for the GOAT."

My take on this that it comes from a Bible verse ---

Google has launched two new apps for deaf people ---
Click Here

Bob Jensen's threads on technology aids for the handicapped ---

How to Mislead With Wikipedia

Jensen Comment
I've mentioned before how Wikipedia entries are often (certainly not always) purged of negativism, especially in biographies, corporate modules, and other organization modules. Exhibit A is the New York Law School (not to be confused with the New York University Law School). The above module does not contain negative issues that are troublesome about the New York Law School.

Moody's Continues New York Law School's Negative Financial Outlook, Citing Its 26% Operating Deficit ---

I have not tracked the Wikipedia module over time for the NYLS. But I have tracked some other Wikipedia modules over time. For example, at one time the Wikipedia module for Paul Krugman cited articles that questioned his occasional integrity lapses in using data. However, today all of these negative citations have been removed from

My point is that negativism is not always removed from Wikipedia modules. But you cannot trust them to always be balanced for research purposes. They often are biased toward the positive side, much like the bias that arises in reviews of products on Amazon. Negative reviews often appear for products listed in Amazon, but you can't trust them to be unbiased. Many of the positive reviews are biased investors, employees, friends, and paid reviewers. Many of the negative reviews are sponsored by competitors.

I don't think the Wikipedia modules suffer heavily from "fake news." However, they do suffer hugely from cherry picking when it comes to biographies ---
It's possible in wikis to enter more balanced items, but don't count on those newer entries to remain if they are bad news items.

As a test, investigate how often Wikipedia modules fail to mention detected plagiarizing in their Wikipedia entries ---
It's surprising how often mention of plagiarism remains in their Wikipedia modules, including those of Martine Luther King, Jr. and Jane Goodall.
Wikipedia is not entirely biased.

How to Create Animated Pie Charts in PowerPoint ---

Bob Jensen's threads on PowerPoint ---

MOOCs:   2,400 Massive Open Online Courses Hosted Free by from Prestigious Universities --- Getting Started in February ---
Certificates and transcript credits cost extra, but the learning is free for those who just want to learn new things
Learning anything worthwhile takes time, sweat, and maybe even tears ---  a friend once said that taking a MOOC is like trying to drink from a high-pressured fire hose

Yeah, There's a Picture:  Cambridge University Economist Uses Her Naked Body to Fight Brexit  ---
Jensen Comment
At one time what Lady Godiva did to protest taxation was considered an outrage, but the Countess of Mercia had long hair and a horse's neck for modesty. Prof. Victoria Bateman in 2019 was more shameless with shorter hair and no horse.

How to Mislead With Statistics
Billionaires  (like progressives  Howard Schultz and Mike Bloomberg) who hate Alexandria Ocasio-Cortez's 70% tax on the superrich are adamant it will hurt the USA economy — but history suggests otherwise (Yeah right) ---

Jensen Comment
What billionaires ever paid the highest marginal rates when they were 70%-90% back in the 1960s?
When the rates were this high the Income Tax Code was so riddled with loopholes for high income folks that none of them ever paid 70%-90% tax rates.

When Top Rates Were So High:  Do you really think Bing Crosby and Bob Hope paid 90 percent of their income to the taxman?

Sweden unlike the USA did not have so many loopholes, but Sweden learned from its mistakes and lowered the marginal rates.

Academic Research Anti-Capitalists Would like to Hide:  Why Developed Nations Abandoned Billionaire Wealth Tax Experiments

The Young Left’s Anti-Capitalist Manifesto: Its goal is to remake our economic system — and the Democratic Party ---

Alexandria Ocasio-Cortez: A system that allows billionaires to exist alongside extreme poverty is immoral ---
Jensen Comment
She's all heart with little understanding of economics

Alexandria Ocasio-Cortez, Bernie Sanders, and Elizabeth Warren's 'soak the rich' tax plans are supported by an increasing number of Americans ---

Gov. Cuomo’s right: The rich are leaving high-tax New York
Watch them move out of the USA is President Elizabeth Warren's Wealth Tax is Enacted

The Washington Post:  Billionaires can be good for democracy ---


The Role and Design of Net Wealth Taxes in the OECD:  Why Countries Have Moved Away From Wealth Taxes ---

This report examines and assesses the current and historical use of net wealth taxes, defined as recurrent taxes on individual net assets, in OECD countries. It provides background on the use of wealth taxes over time in OECD countries as well as on trends in income and wealth inequality. It then assesses the case for and against the use of a net wealth tax to raise revenues and reduce inequality, based on efficiency, equity and tax administration considerations. The effects of personal capital income taxes and taxes on wealth transfers are also discussed to understand how these taxes interact with net wealth taxes. Finally, the report looks at practical tax design issues and shows that the way a net wealth tax is designed can have a significant impact on the effectiveness and fairness of the tax. The report concludes with a number of practical tax policy recommendations regarding net wealth taxes.

Continued in article

Also See
Why Have Other Countries Been Dropping Their Wealth Taxes?

. . .

Why do wealth taxes imposed on what seem to be quite low levels of wealth collect so little revenue in various European countries, especially during the last few decades when high-wealth individuals as a group have done pretty well? The answer seems to be that when countries impose a wealth tax, they often typically create a lot of exemptions for certain kind of wealth that aren't covered by the tax. Each of these exemptions has a reasonable-sounding basis.  But every exception also creates a potential loophole.


For example, a number of common exemptions are based on "liquidity" problems, which in this context refers to the idea that we don't want people to have to sell their homes to pay the wealth tax, and we don't want family businesses or farms that are maybe hitting a tough patch to have to be sold off because of the wealth tax. Thus, many European countries exempt a primary residence from the wealth tax (and instead apply a property tax).

Countries also often exempt the value of a business in which you are actively working, which of course means a potentially voluminous set of rules for what "actually working" means. As the OECD notes: "For the business asset exemption to apply, rules typically require that real economic activities are being performed (possibly excluding activities such as the management of movable or fixed assets, e.g. Spain), that the taxpayer performs a managing role, that income derived from the activity is the main source of the taxpayer’s revenue and/or that the taxpayer owns a minimum percentage of shares in the company (e.g. 25% in France and Sweden; 5% in Spain)."

Another common exemption is that wealth tax is usually not applied to the value of pensions and retirement savings. One can sympathize with this, but also recognize that it leads to potential issues. As the OECD notes: "Pension assets typically get full relief under net wealth taxes. ... However, this creates inequities between different taxpayers, raises fairness concerns, and creates tax planning opportunities. .... "


What other incentives does a wealth tax create? Here are some examples that often are not included int he discussion:

1) While we often think of a wealth tax as being applied to those who have already "made it" and accumulated a fortune, it's worth remembering that when a small- or medium-sized business is trying to get established, or going through hard times, it may lead to a situation where the overall value of the asset is substantial, but profits may be near-zero or even negative for a time. But at least in theory, a wealth tax would still be owed. As the OECD report notes:  

"Under a net wealth tax, however, if income is zero or negative, the tax liability will still be positive if the capital value of the assets remains positive. In practice, new entrepreneurs which tend to generate low, or even negative, profits in their first few years of operation would still face a wealth tax liability. Thus, a heavy net wealth tax which is unlinked to income might discourage entrepreneurship relative to an income tax with (perfect) loss offset."

2) A wealth tax will tend to encourage borrowing. Total wealth is equal to the value of assets minus the value of debts. Thus, one way to avoid a wealth tax is to borrow a lot of money, in ways that may or may not be socially beneficial. The OECD writes: "[D]ebt deductibility provides incentives to borrow and can encourage tax avoidance. If the wealth tax base is narrow, taxpayers will have an incentive to avoid the tax by borrowing and investing in exempt assets or – if debt is only deductible when incurred to acquire taxable assets – taxpayers will have an incentive to invest part of their savings in tax-exempt assets and finance their savings in taxable assets through debt." 


3) To get a fair picture of a wealth tax, one needs to look at it in the context of all the other taxes that exist, along with different situations that arise. It's quite possible for there to be situations where when the wealth tax is added, someone who saves more will actually reduce their wealth. The OECD notes: "In France and Spain, METRs [marginal effective tax rates] reached values above 100%, which means that the entire real return is taxed away and that by saving people actually reduce the real value of their wealth." Indeed, France recently decided to apply its wealth tax just to certain kinds of property wealth, not financial wealth, for this reason.  Indeed, many wealth taxes have provisions that if the combined tax burden gets too high, then the wealth tax gets scaled back. Again from the OECD : 

"Ceiling provisions or tax caps are common features of net wealth taxes. These often consist in setting a limit to the combined total of net wealth tax and personal income tax liability as a maximum share of income. They are used to prevent unreasonably high tax burdens and liquidity constraints requiring assets to be sold to pay the net wealth tax. In France, the wealth tax ceiling (often referred to as the “bouclier fiscal”) limits total French and foreign taxes to 75% of taxpayers’ total income. If the percentage is exceeded, the surplus is deducted from the wealth tax. In Spain, the aggregate burden of income tax and net wealth tax due by a resident taxpayer may not exceed 60% of their total taxable income."

4) A wealth tax is typically at a fairly low rate, like 1-2%, in recognition of the fact that it will be imposed every year. But if a wealthy person is investing in a way that has low risk and low returns, this wealth tax could completely swallow up low return,  while having no effect on higher returns. In general, setting up a situation where people receive no gain from saving is not usually regarded as a good set of incentives. The OECD writes:

"[A] tax on the stock of wealth is equivalent to taxing a presumptive return but exempting returns above that presumptive return. Where the presumptive return is set at the level of or at a level close to the normal - or risk-free – return to savings, a wealth tax is economically equivalent to a tax on the normal return to savings, which is considered to be inefficient. Indeed, the taxation of normal returns is likely to distort the timing of consumption and ultimately the decision to save, as the normal return is what compensates for delays in consumption. As discussed below, it is also unfair that the wealth tax liability does not vary with returns, which implies that the effective wealth tax burden decreases when returns increase."

On the other side, it is sometimes argued that a wealth tax will encourage the wealthy to make more productive use of their wealth:

"For instance, if a household owns land which is not being used and therefore does not generate income, no income tax will  be payable on it. However, if a wealth tax is levied, the household will have an incentive to make a more productive use of their land or to sell it to someone who will ... The argument here is that wealth taxes do not discourage investment per se but discourage investments in low-yielding assets and reinforce the incentives to invest in higher-yielding assets because there is an additional cost to holding assets, which is not linked to the return they generate."

5) A wealth tax will encourage the spawning of ownership structures where people control assets, but do not technically "own" them. A common example is when assets are owned in a trust, or some kind of nonprofit. The possibilities for controlling and benefiting from wealth without technically "owning" it are even great for assets that can be held in other countries across the international economy. If there is a heaven for tax lawyers, it's a place where they get to sit around and invent legal arrangements for shielding wealth. 


6) The OECD notes: "Human capital is always exempt under net wealth taxes. This results from a number of considerations, including the fact that human capital is very difficult to value, that it is not

directly transferrable or convertible into cash, and that there is uncertainty about the
durability of its value. Therefore, a wealth tax lowers the net return on real and financial assets relative to the returns on investments in human capital. Thus, wealth taxes encourage investment in human capital, which may in turn have positive effects on growth. Human capital is a critical driver of long-run economic growth. This implies that a wealth tax may be less harmful to economic growth than commonly believed as it can encourage a substitution from physical to human capital formation ... "


7) A wealth tax may not seem especially fair if applied across people who started in similar circumstances. As one example, imagine two adults who split a large inheritance. One heir spends the money. The other heir tries to invest, with some success, in creating new technology and businesses and jobs. The spender depletes the inheritance and thus avoids the wealth tax. More broadly, consider wealth from a variety of sources: inherited financial wealth, inheriting a family business, inheriting a family-owned piece of property, starting and running a business, investing in businesses run by others, investing in property that increases in value over time, wealth from having a patent on an invention, wealth from producing a book or music or movie with high sales. A wealth tax treats all of these the same. 



8) The practicalities of imposing a wealth tax can be nontrivial. It means updating the value of assets and debts every year. If the assets are something that is bought and sold in financial markets, like shares of stock, then updating the value is easy. But updating the value of an expensive house or piece of property on an annual basis isn't easy. Updating the value of art or jewelry owned by a wealthy person isn't easy. Updating the value of a privately owned business isn't easy. Updating the current value of assets held in other countries can be hard, too In general, it's a lot easier to track flows of income than it is to measure changes in asset values.  

To me, many of the endorsements of a wealth tax feels more like expressions of righteous exasperation than like serious and considered policy proposals. Many of those who favor a wealth tax tend to favor a more European-style capitalism (and n
o, I don't think of any country in western Europe as "socialist") that places a higher value on economic equality. But when those who favor your goal of greater economic equality have been steadily deciding that the wealth tax isn't worth the trouble, and that other policy tools are more effective in reaching the goal, it's probably useful to pay attention. 

Why did liberal Sweden axe its wealth tax while at the same time lowering its top income tax rate from 87% (1979) to 65% (1990) to 56% (2002)?  ---
Elizabeth Warren would probably prefer that you do not study experiences of all disastrous Scandinavian wealth taxes and very high marginal income tax rates that were later greatly reduced to stimulate the economy (called supply side (Laffer Curve) economics) ---

Taxing Top Earners: A Human Capital Perspective ---

An established view is that the revenue maximizing top tax rate for the US is approximately 73 percent.
The revenue maximizing top tax rate is approximately 49 percent in a quantitative human capital model. The key reason for the lower top tax rate is the presence of two new forces not captured by the model underlying the established view. These new forces are strengthened by the endogenous response of top earners’ human capital to a change in the top tax rate.


The Young Left’s Anti-Capitalist Manifesto: Its goal is to remake our economic system — and the Democratic Party ---

Alexandria the Economist:  She Wants to Pay for Her New Green Deal by Printing Money ---
Sorry Alexandria, Germany after World War I thought of that first, followed by Zambia and Venezuela

The environmental parts of the plan would be costly, but manageable. The same can’t be said of its social programs ---
This article is vague about what is an "environmental part." Does this include or exclude replacement of all vehicles (think tanks) and aircraft (think bombers and helicopters) in the entire USA military? Does this include elimination of all carbon-based chemicals in agriculture?

How to Mislead With Statistics
How Much Will the Green New Deal Cost? ---
Jensen Comment
This mostly what it will cost (without factoring Alexandria's super inflation) to generate electric power without carbon. What it fails to factor in are such bigger cost items as replacing all airline travel (unless airliners can fly with batteries), eliminating all gasoline-powered vehicles, finding ways to farm without chemicals used in agribusiness (including possible great loss in crop yields), replacement of all plastics, replacing all heating and cooling equipment that depends upon oil and gas (think gas furnaces), replacement of many synthetic fabrics, and on and on.

Just think of the cost of retrofitting all the USA military with new aircraft, tanks, trucks, ships, etc.

All told these secondary costs will be much more costly than building of windmills and solar panels.

Of course new technologies could change a lot of the costs over ensuing decades.

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 north.


Why Can't They Write?
Think poor teaching and low expectations
Grade inflation takes its toll

Jensen Comment
I have to admit that I'm often guilty of grammar mistakes. My excuse is that I write volumes every day and don't take the time to proof read. There are really different venues for writing with email taking on a life all of its own. In my case I would get a whole lot less accomplished if I took the time to carefully draft and proofread email messages before hitting the Send button. Of course many might say that would be a good thing. But to the extent I cover the waterfront each day in my tidbits it would be tedious and boring to have to worry about grammar mistakes all the time.

Yeah I know the rule between to and too, Your and You're, and how to spell exacerbate. Yeah I know I sometimes spell phonetically

But while I was still teaching I terrorized my students by being knit picky when grading their essays (not their emails). They were forewarned that learning how to write better was a goal of my teaching even if I had a double standard for email.

Internal Control --- https://en.wikipedia.org/wiki/Internal_control

NCAA Punishes Missouri in Blatant Academic Fraud Case (why ignorance should be no defense in law or in academic integrity ---

Association finds former tutor completed classwork -- and full online courses -- for 12 athletes, but without university's encouragement or detection. Missouri vows to appeal "harsh and inconsistent" decision.

Jensen Comment
In audits of business firms one of the most important responsibilities (after the Sarbanes-Oxlley Act) is to discover internal control weaknesses. Internal controls are the now the primary responsibilities of top management and auditors. When fraud happens you can expect lawsuits over undetected weaknesses in internal controls.

The fact that University leaders do not "encourage or detect" academic fraud should not be an excuse before the NCAA or in court. University leaders are responsible to design and maintain internal controls to prevent academic fraud of all types. Without such controls grading integrity becomes a sham.

In general, the best way to prevent and detect of fraud is to have a great internal whistleblowing rewards system. In this case there most certainly other students who (and maybe coaches) who knew about this academic fraud. With a sufficient whistleblower rewards system it probably never would've happened in the first place.

The New Yorker:  Are Equality and Freedom Mutually Independent?

The Status of the ‘Marriage Penalty’: An Update from the Tax Cuts and Jobs Act ---

Philosophy --- http://en.wikipedia.org/wiki/Philosophy

Three philosophers set up a booth on a street corner – here’s what people asked ---

Jensen Comment
I found the answers disappointing. They were too general and vague. For example, consider the answer that "research shows what makes us happy is achieving small goals." So go on and give us examples of goals that might make us happy. Actually what makes some of us happy is to be appreciated (not necessarily loved). What keeps me going on my blogs, Websites, and listservs is to be appreciated by users, although some of the most active users don't necessarily "love me," especially if a provide an answer they hate but cannot refute. Others might want to be appreciated more hands on such as my neighbor is a "holder of babies." He's a retired physician who volunteers to hold babies of drug addicted mothers. The appreciation of the babies themselves is quite subtle, and when they grow older they probably won't even know who held them.

This philosophy booth idea seems too superficial and gimmicky to me. Life is too complicated to resolve issues on a street corner. Therapy usually takes months at best and years at normal.

If three accountants set up shop on a street corner what would you ask them? Most questions would probably focus on tax, but even here the law is too complicated for for simple solutions in most cases. Unlike philosophy, however, there are a few simple tax questions.

"Scientists and Philosophers Answer Kids’ Most Pressing Questions About How the World Works"" by Maria Popova, Brain Pickings, November 5, 2015 ---

Big Questions from Little People ---
I enjoyed this book and was glad I did not have to answer most of the questions.

University of Washington Center for Philosophy for Children: Lesson Plans --- http://depts.washington.edu/nwcenter/resources/lesson-plans
Example:  Ethics of Self-Driving Cars --- http://depts.washington.edu/nwcenter/lessonplans/ethical-dilemma-self-driving-cars/

Logical Fallacies --- https://www.logicalfallacies.org/

Philosophy for Beginners --- https://mariannetalbot.co.uk/about/podcasts/philosophy-for-beginners

For Wittgenstein and the Vienna Circle, much of philosophy was mere nonsense. Then came Frank Ramsey’s pragmatic alternative ---

Bob Jensen's many links to philosophy gems ---

Cities Reading List (how urbanization works) --- https://devonzuegel.com/post/cities-reading-list

John Locke on the Supremacy of the People, the Supremacy of the Legislature over the Executive, and the Power of the Executive to Deal with Rotten Boroughs ---

How to Mislead With Statistics ---
A simple technology could secure the border for a fraction of the cost of a wall — but no one's talking about it


Jensen Comment
The problem with buried fiber optic cables is that they really don't prevent intruders from getting across the border. There was a recent enmass race amidst tear gas canisters by caravan marchers for the border in San Diego. They knew they would almost certainly get caught, but they were relying on the liberal Ninth Circuit Court to eventually let them stay in the USA while, in the meantime, the USA government by law is required to them shelter, food, medical care, and safety. Or as is sometimes the case the Border Patrol simply turns them loose in the USA. Of course is was still a gamble that both detained intruders and released intruders will eventually be deported. But over 11 million known intruders are living in the USA.

Many of these racing marchers were instead turned back by fencing and tear gas.

Hence all the favorable statistics for catching intruders once they have crossed the border misses the point. Once across the border they get to stay for weeks and months and maybe years and maybe forever. If stopped by a fence or wall they are still in the Mexico ---  which is where they don't want to stay ---

How to Mislead With Statistics
How Much Accountants And Tax Preparers Earn In Every State ---

Jensen Comment
I could make my usual criticisms such as cost of living differences and state taxation differences that overwhelm the supposed earning differences by state.
I could also criticize the BLS mean statistics as not being accompanied with data on variances and skewness.
Averages get distorted by wages of newly-hired college graduates mixed in with employees having years of experience.
In tax season a whole lot of overtime gets paid to accountants who are tax preparers where not so much overtime gets paid to accountants who don't work in tax.

But mostly I will focus on the vagueness of what is a "an accountant and tax preparer." Some are entrepreneurs and partnerships (including LLC corporations), those equity owners of accounting firms. And accounting  firms vary in size from no employees to thousands of employees. And those firms most likely mix revenues from tax preparation to systems consulting to auditing to whatever. It would be misleading merge what partners make with the salaries they pay their employee "accountants and tax preparers." And those salaries paid to employees probably have a lot of benefits not picked up in the BLS data such as profit sharing and bonuses and fringe benefits such as expensive training and day care subsidies.

My basic point is that "owners" of accounting firms are still doing a lot of the accounting, auditing, consulting, and tax work alongside their employees. Public accounting (and law)  firms are not like NFL teams where owners are in the luxury boxes and not getting knocked around on the playing fields. What is paid to an employee in "salary" is typically only paid for the first 5-10 years until employees either become part owners of the firm or are moved out of public accounting into business firms or government (think FBI).

You just cannot compare what public accountants make in "salaries" with what accountants make in business firms and government where accountants spend their entire careers living on "salaries."  Most public accountants are only on "salaries" for the first 5-10 years of their careers. After that they're working owners and no longer "public accountants working for owners."

And now we get to the most important reason the salaries in the above article are so low. The problem is definitional. CPAs having masters degrees are mixed in with "accountants and tax preparers" who might've never graduated from high school. The non-CPAs' low salaries drag down the BLS mean averages. Most candidates for the CPA exam have masters degrees since they have to have 150 or more college credits to even sit for the CPA exam.

Longreads: Stories to Read in 2019 ---
Note Ira Glass’s Commencement Speech at the Columbia Journalism School Graduation
Also note the unexpected use of Japan's prisons --- they're not just for criminals

Neil Gaiman Teaches the Art of Storytelling in His New Online Course ---

Bestselling author of The Woman in the Window 'lied about having cancer' ---

Jill Abramson (former NYT Editor) is accused of plagiarism in the latest scandal surrounding her book release ---

Journalists say multiple passages from Abramson’s Merchants of Truth were lifted from other sources.

Jill Abramson, former executive editor of the New York Times, says she wants to celebrate and protect journalistic standards in her new book Merchants of Truth. But last month, she was accused of making factual errors in the book. And this week, she was accused of plagiarizing multiple passages.

In a lengthy Twitter thread, Vice correspondent Michael C. Moynihan compared multiple passages from Abramson’s finished book — which officially came out on Tuesday, February 5 — to passages from articles by other writers. The compared passages all contain the same information organized in the same way, often contain similar sentence structure, and sometimes contain echoes of exact phrasing.

In Merchants of Truth, Abramson writes of Vice co-founder Gavin McInnes, “He wrote a column in The American Conservative, a magazine run by Pat Buchanan, calling young people a bunch of knee-jerk liberals (a phrase McInnes and his ilk often used) who would believe anyone with dark skin over anyone with light skin. He lamented the views of his magazine’s readers, saying they were ‘brainwashed by communist propaganda.’”

Moynihan matches that paragraph with a similar passage from the Ryerson Review of Journalism: “In August 2003, McInnes wrote a column in The American Conservative, a magazine run by Pat Buchanan. In the magazine, he called young people a bunch of knee-jerk liberals (a phrase McInnes and his cronies use often) who’ll believe anyone with dark skin over anyone with light skin. He laments the liberal views of most of the people who pick up his magazine, saying they’re ‘brainwashed by communist propaganda.’”

While the Abramson passage contains minor tweaks — like changes to the tense and swapping out “cronies” for “ilk” — it’s still by and large extremely similar to the Ryerson passage. It contains the same information, mostly phrased in the same way.

“There’s plenty more — enormous factual errors, other cribbed passages, single or unsourced claims — but this should give a sense,” Moynihan wrote on Twitter.

Continued in article

Bob Jensen's threads about authors who plagiarize or otherwise cheat ---

Where was Mom when I needed her the most?
The police at Towson University warned people on the campus to be on the lookout for a woman who was looking for a date for her son ---
Click Here
ensen Comment
It would've been even more understandable if her son was a tenured and very introverted professor of accounting. There's an old saying that an extroverted accountant is one who looks at your shoes when you're having a conversation.

Jerry, Marge, and the Rolldown Lottery ---

Jensen Comment
This article still does not put Jerry's legal strategy into Jerry's algebraic equations, but it does give one of the best summaries of how his strategy works. It depends heavily on not having more Jerrys in the game.

Jerry formed a corporation to use this strategy in Michigan and Massachusetts. Only his closest local friends were shareholders.

Note that although the corporation's winnings were $26 million, the expense was $18 million in tons of lottery tickets such that the profits were under $8 million. It was also a lot of work buying and sorting through all those tickets. Jerry also worried that other Jerrys would enter the game. Sometimes you can get too much of a good thing in life.

On the AECM a claim was made that the some vendors of the tickets violated the law when selling Jerry and Marge so many tickets. I've not seen any support for that claim.

For an even longer and more detailed article see my original posting:
The link I originally posted was at
The Lottery Hackers: Jerry and Marge Go Large ---

“A Fundamentally Illegitimate Choice”: Shoshana Zuboff on the Age of Surveillance Capitalism ---

Shoshana Zuboff’s “The Age of Surveillance Capitalism” is already drawing comparisons to seminal socioeconomic investigations like Rachel Carson’s “Silent Spring” and Karl Marx’s “Capital.” Zuboff’s book deserves these comparisons and more: Like the former, it’s an alarming exposé about how business interests have poisoned our world, and like the latter, it provides a framework to understand and combat that poison. But “The Age of Surveillance Capitalism,” named for the now-popular term Zuboff herself coined five years ago, is also a masterwork of horror. It’s hard to recall a book that left me as haunted as Zuboff’s, with its descriptions of the gothic algorithmic daemons that follow us at nearly every instant of every hour of every day to suck us dry of metadata. Even those who’ve made an effort to track the technology that tracks us over the last decade or so will be chilled to their core by Zuboff, unable to look at their surroundings the same way.

 Continued in article

Film:  The Creepy Line --- https://en.wikipedia.org/wiki/The_Creepy_Line
Thank you Marc Dupree for the heads up

Congratulations:  Michigan Sets Record ($5.28 billion)  for Public University Campaign ---

Which Colleges Have the Largest Endowments?
Professors and students who do not have Chronicle subscriptions can usually obtain access via campus library database services.

Jensen Comment
Note first of all that the data are in thousands such that you should add three zeros to the reported endowment values.
Also note that you can work your way down by advancing pages at this site.
The average change in endowment value was 8.2%, but there is considerable variation in value changes.

What I found most interesting is how the annual value changes varied so greatly from Purdue's anemic 4.1% to Ohio State and Vanderbilt each having 22+%. There are even higher and lower returns. Usually higher returns reflect higher investment risks, but there can be exceptions for universities that had remarkable fund raising successes last year. Berea College had a low 3.6%. This could either be due to safe investing or to spending of some endowment income. I know nothing about Berea's endowment policies. McAlester College had an even lower 2.6%. McAlester admits that it spends more of its endowment income for annual operations and financial aid than most universities ---
At one time  McAlester's endowment was mostly Readers Digest stock obtained in a 1981 gift. McAlester fortunately had sold off all of this Readers Digest stock before the 2009 Readers Digest bankruptcy. When it comes to endowments a college does not usually want all its eggs in one basket.

Some colleges and universities had negative endowment value changes. These could be due to high risk investing, but I suspect in most instances the reason is spending of endowment income and/or capital on current operations. Sometimes gifts of stock or land are put into the endowment at current values and then sold in later years at capital losses.

Harvard's 6.3% appears relatively conservative after some prior years of really controversial high risk gains followed by high risk losses.

It's a tough time for fund managers seeking very safe investments since interest rates are still uncommonly low for really safe investments.

It would've helped if a column were added to this article by dividing current endowment values by numbers of students to give per-student relative comparisons of endowment funds. For example, Ohio State University and the University of Texas system endowments are huge, but so are the student enrollments. Ivy League schools rise to the top on a per-student basis. So do some very small wealthy universities.

When Truth is Stranger Than Fiction
South-east Asia has three countries in the top five in terms of time spent in Internet connections (Philippines, Thailand, Indonesia), while Japan comes in last ---

Because of their natural gifts, accounting professors should be supplementing their income
The growing market of writing for the purpose of putting people to sleep


Population Growth:  Denmark versus Guatemala ---

Vegard Skirbekk shows that many of those who were part of Europe’s population explosion died before reaching childbearing age, which is not true in the developing world. This means the European boom had a smaller impact on global population. Take one of Skirbekk’s comparisons, Denmark and Guatemala. In 1775, prior to the onset of its transition, Denmark had a population of 1 million and a population density of about twenty people per square kilometre. In Guatemala in 1900, these numbers were about the same. Because Denmark’s population boomed earlier, just two to three children per woman survived to adulthood during its transition. By the time Denmark’s total fertility rate fell below 2.1 in the 1950s, its population had expanded to 5 million. By contrast, Guatemala’s transition only began in 1900. By the 1990s, the average Guatemalan woman was giving birth to five children who survived to childbearing age. Today there are 15.5 million Guatemalans. When Guatemala’s transition is complete, it is projected to have a population of about 24 million. Its transition will have produced a population expansion five times that of Denmark. Multiplied across many countries, this explains why the West’s share of world population dropped so rapidly after 1950.

Tesla Model 3 Owners Vent About Polar Vortex Affecting Cars:  Seems to Be a Bit More Than Batteries Not Performing Well in the Cold

Model 3 owners have taken to social media and online forums to air issues they’ve had with their sedans due to the frigid weather of the last week. Cold conditions are a drain on battery range, no matter the car brand. But other predicaments are particular to Tesla. Ronak Patel, a CPA auditor in New Jersey, bought a Model 3 last August. He’s driven about 150 miles in the cold over the last few days. “My biggest concern is the cold weather drained my battery 20 to 25 miles overnight and an extra five to ten miles on my drive to work,” he said. “I paid $60,000 to not drain my battery so quickly.”

. . .

“What’s specific to Tesla is the quality of manufacturing," Morsy said.

Tesla made a door design decision that is coming back to bite some buyers. The Model 3’s handles are flush with the exterior of the car and require customers to push on one side, then pull on the other to open them. Ice is making that maneuver difficult for drivers who’ve posted pictures online of their frozen handles.

Some are just venting, and others are writing to Tesla or Musk himself, asking for a fix.

Andrea Falcone, a software engineer in Boston, tweeted a picture of her frozen handle, commenting, “I can’t wait all day for this silly car.” Less than two months earlier, she had purchased the Model 3 and posted a smiley emoji and a picture of herself posing with the new car.

The cold temperatures came even earlier for customers in Canada, prompting instructional videos suggesting ways to overcome frozen handles. One almost 7-minute YouTube video shows how an owner had taped dental adhesive film over his door handles to protect them from freezing.

Another owner in New Brunswick tweeted out a video in December. He was more blunt.

Musk tweeted on Jan. 25 that Tesla was preparing over-the-air software updates that would improve how its cars were holding up in cold weather.

Meme --- https://en.wikipedia.org/wiki/Meme

Memes, Fair Use, and Privacy --- https://www.oif.ala.org/oif/?p=16873

. . .

Memes and Privacy

Meme creators and posters have been sued for using people’s images without permission, especially those who were not already public figures. In 2003, the parents of the unwilling star of the Star Wars Kid video sued their son’s classmates for posting the video online. Though the suit was settled, the video did not disappear, and the Star Wars Kid learned to deal with his fame.

In 2016, the parents of another unwilling subject sued the image’s creator, a news organization for publishing the image in a story about it, and a dancer on the show “Dancing With the Stars, who the suit contended contributed to the image’s spread and the subject’s emotional distress by reposting the image with negative comments on social media. The photographer and news organization settled, but the dancer’s motion to dismiss was denied. Lantagne notes that if memes are considered a form of communication, they are also subject to the limits placed on speech including the rights of others to privacy.

Memes and You

Image-based memes are easy to create and easy to spread, though whether they will go viral is never a given. If you create or post one, remember to pay attention to the source of the image. Your best bet is to start with an image or clip that is already labeled for reuse or is in the public domain, meaning out of copyright protection altogether. Google Images search tools provides such a filter, or try the Creative Commons search for work licensed for reuse via Creative Commons licenses. When you see a meme going around, give a thought to the subject of that meme image, whose life may forever be changed.

Jensen Comment
Nothing I post ever goes viral, but that could be a false sense of security if you've pushed the edge. My Websites are so enormous that they get a lot of hits from search crawlers like Google and Bing. Hence care must be taken for postings on a Website. Also your posting to friends or a listserv may end up on somebody else's Website.

I posted a lot of my own photographs and photographs sent to me by others on my Websites ---

What amazes me is how many images from my Website appear in the image search crawlers. For example, enter the phrase "Sunset Hill House Hotel" at
If you post an image on a Website chances are the crawlers will find it.
If I don't have permission to post an image the copyright has expired in most instances. Section 107 of the DMCA generally allows you to quote portions of text without permission. Images are another matter ---

P-value --- https://en.wikipedia.org/wiki/P-value

How to Mislead With Statistics
P-values can be misleading when hypotheses are incorrect

February 6, 2019 Message from Tom Dyckman (now retired from Cornell University)

Bob: Here is a new paper you might want to alert your readers too along with Dave's blog today.

Greenland, S., S. J. Senn, K. R. Rothman, J. B. Carlin, C. Poole, S. N. Goodman, & D. G. Altman, 2016. Statistical tests, p values, confidence intervals, and power: A guide to misinterpretations. European Journal of Epidemiology, 31, 337-350. 

Misinterpretation and abuse of statistical tests, confidence intervals, and statistical power have been decried for decades, yet remain rampant. A key problem is that there are no interpretations of these concepts that are at once simple, intuitive, correct, and foolproof. Instead, correct use and interpretation of these statistics requires an attention to detail which seems to tax the patience of working scientists. This high cognitive demand has led to an epidemic of shortcut definitions and interpretations that are simply wrong, sometimes disastrously so—and yet these misinterpretations dominate much of the scientific literature. In light of this problem, we provide definitions and a discussion of basic statistics that are more general and critical than typically found in traditional introductory expositions. Our goal is to provide a resource for instructors, researchers, and consumers of statistics whose knowledge of statistical theory and technique may be limited but who wish to avoid and spot misinterpretations. We emphasize how violation of often unstated analysis protocols (such as selecting analyses for presentation based
on the P values they produce) can lead to small P values even if the declared test hypothesis is correct, and can lead to large P values even if that hypothesis is incorrect. We then provide an explanatory list of 25 misinterpretations of P values, confidence intervals, and power. We conclude with guidelines for improving statistical interpretation and reporting.

Continued in article

How Many Ways Can You Misinterpret p-Values, Confidence Intervals, Statistical Tests, and Power? 25  

Jensen Comment
The sad thing is that journal editors of leading accounting research journals seem to not care --- they're addicted to P-values

Why aren't our leading accounting research journals providing warning labels on p-values common to virtually all published empirical studies in accounting?

p-value --- https://en.wikipedia.org/wiki/P-value

In science p-values have fallen from grace, and leading scientists are recommending something tantamount to warning labels on tables of p-values in virtually all statistical inference presentations ---
Scroll down below

But our editors of leading accounting research journals seem to be totally oblivious to what scientists now recommend regarding warning labels for p-values.

Is there any accounting research journal policy statement that even acknowledges the need for warning labels on p-values published in articles?

Is there any accounting research article having a table of p-values with a warning label?

My Exhibit A today is the following recent article published authors who are our discipline's leading accountics science researchers. I read this article and, in particular, was interested in finding warning labels for the p-values published in the article. I find no such warning labels. Nothing is provided with respect to p-value warnings that are becoming increasingly common in scientific papers.

Where are the P-value warnings?
The JOBS Act and Information Uncertainty in IPO Firms

The Accounting Review
Volume 92, Issue 6 (November 2017)

Mary E. Barth
Stanford University

Wayne R. Landsman
The University of North Carolina at Chapel Hill

Daniel J. Taylor
University of Pennsylvania

Supplemental material can be accessed by clicking the link in Appendix A.


This study examines the effect of the Jumpstart Our Business Startups Act (JOBS Act) on information uncertainty in IPO firms. The JOBS Act creates a new category of issuer, the Emerging Growth Company (EGC), and exempts EGCs from several disclosures required for non-EGCs. Our findings are consistent with proprietary cost concerns motivating EGCs to eliminate some of the previously mandatory disclosures, which increases information uncertainty in the IPO market, attracts investors who rely more on private information, and leads EGCs to provide additional post-IPO disclosures to mitigate the increased information uncertainty. Our results also are consistent with agency explanations, whereby EGCs exploit the JOBS Act provisions to avoid compensation-related disclosures, which results in larger IPO underpricing for such firms. Overall, we provide evidence on how reduced mandatory disclosure affects the IPO market.

Keywords: JOBS Act, mandatory disclosure, voluntary disclosure, proprietary costs, information uncertainty, underpricing, volatility

The “New Statistics” and Nullifying the Null: Twelve Actions for Improving Quantitative Accounting Research Quality and Integrity
By Dan N. Stone
Accounting Horizons: March 2018, Vol. 32, No. 1, pp. 105-120.
An earlier draft of this manuscript received the “Best Theoretical Research Award” at the 2016 21st Annual Ethics Research Symposium.

Leveraging accounting scholars' expertise in the integrity of information and evidence, and in managers' self-interested discretion in information collection and reporting, offers the possibility of accounting scholars creating, promoting, and adapting methods to ensure that accounting research is of exemplary integrity and quality. This manuscript uses the six principles from the recent American Statistical Association (ASA) report on p-values as an organizing framework, and considers some implications of these principles for quantitative accounting research. It also proposes 12 actions, in three categories (community actions, redefining research quality, and ranking academic accounting journals) for improving quantitative accounting research quality and integrity. It concludes with a clarion call to our community to create, adopt, and promote scholarship practices and policies that lead in scholarly integrity.

. . .

Dyckman (2016, Abstract) observes: “Accounting as an empirical research discipline appears to be the last of the research communities to face up to the inherent problems of significance test use and abuse.”

The recent American Statistical Association (ASA) statement on the appropriate use of NHST and p-values (Wasserstein and Lazar 2016) offers a starting point for considering the limited potential for NHST and p-values to contribute to quantitative accounting research. I initially describe the six principles and, following this, link their continued use to the future of accounting research. The ASA statement begins by observing that the continued use of NHST and p-values, despite common knowledge of their deep flaws, likely results from a cultural circularity: statisticians teach NHST because that is what scholars and journal editors use. And scholars and journal editors use NHST because that is what statisticians teach. Sound familiar? I have been teaching the introductory Ph.D. class in accountancy research for about 25 years. As a former AAA journal editor, I am (mostly) guilty as charged. For 25 years I have reviewed NHST in my introductory class (although, for the past ten years I have also discussed its deep flaws and substantial limits). As a journal editor, I expected authors to use NHST methods. However, for at least ten years, I have recommended, at a minimum, the supplemental reporting procedures that I discuss herein, often to resistant editors and authors.

Table 1 presents the six ASA principles. The first acknowledges the common use of p-values and their embeddedness, typically, in NHST. Specifically, p-values allow one to opine on the extent to which data adhere to a “null” hypothesis of no difference (i.e., when applied to comparing two or more groups) or no relationship (i.e., when applied to relations between two or more variables). When the assumptions of the model hold, smaller p-values provide less support for the no difference hypothesis, while larger p-values provide greater support for the no difference hypothesis. The second principle states what a p-value is not, by refuting two common misconceptions about p-values, i.e., that a p-value tests whether a tested hypothesis is “true,” and “the probability that the data were produced by random chance alone.”

. . .

When It Is Not an “Empirical Question”—The Criticality of Triangulated Methods and Diverse Scholars to Knowledge Production

Within accounting research, the misuse of p-values as arbiters of truth is often found in the regrettable bromide, “it's an empirical question,” used in relation to a research question that is tested using only NHST and p-values. Such a formulation, when operationalized in NHST and p-values, is exactly the misuse identified in Principle No. 2 of the ASA. Specifically, “it's an empirical question” implies that the NHST enterprise produces truth—that the method resolves the uncertainty regarding a real-world question; it does not, for reasons articulated in the ASA statement (Principle No. 2 of the ASA, p. 131):

Researchers often wish to turn a p-value into a statement about the truth of a null hypothesis, or about the probability that random chance produced the observed data. The p-value is neither. It is a statement about data in relation to a specified hypothetical explanation, and is not a statement about the explanation itself.

Stated differently, NHST examines the extent to which the observed data are consistent with an odd, often irrelevant (null) hypothesis. In a strict sense, the null hypothesis can never be true, since differences always exist between two groups, and there is always some relationship between two variables. Hence, the relevant pragmatic question, which is unrecognized in NHST, is how big the difference is between two groups, and how big the relationship is between two variables. Pragmatically, p-values heavily depend on sample sizes and statistical power, i.e., ceteris paribus, p-values decrease as statistical power (and sample size) increases (Cohen 1992).3 Hence, with the “Big Data” (i.e., very large) samples that are increasingly common in much archival accounting research, small p-values often obtain since the statistical power of tests usually approaches 1.0. Nevertheless, the relevant practical questions that matter in an applied discipline are not answered by a p-value. And if the research method and reporting stops with a p-value, the relevant practical question remains uninvestigated. As Cohen (1990) states, “the primary product of a research inquiry is one or more measures of effect size, not p values” (see also Ellis 2010).

As with all quantitative research methods, the NHST depends upon a set of epistemological (about truth), ontological (about reality), and statistical (about the data) assumptions (cf. Chua 1986). In a few cases, a p-value is one potentially useful bit of evidence that bears on a research question, but this exercise, in isolation, never produces “truth” or provides much insight into a practical question. To claim otherwise is to misunderstand the weak validity of single study, mono-method, and mono-measure research (Shadish, Cook, and Campbell 2002). One implication of the failings of NHST—in isolation—to produce truth is the necessity of “triangulated” methods to scientific scholarship (Jick 1979). The form of method triangulation considered herein is the use of multiple methods (e.g., an experiment and archival data or a survey and interviews) in investigating a critical research question. This approach to method triangulation helps ensure that the observed variation in a phenomenon results from true variation in the phenomenon and related data, and not from the idiosyncratic properties of a single measure or method (Campbell and Fiske 1959). For example, accounting scholars, in applying triangulation, might investigate the use (and misuse) of discretion by corporate managers through archival investigation, experiments, surveys, and interviews. Our confidence in the results increases to the extent that multiple methods and results, and differing investigators, produce similar conclusions.

But the trend in accounting scholarship is the exact opposite; i.e., toward a single research method, i.e., large-sample evidence using general linear models (GLMs) and standardized financial and auditing databases (Tuttle and Dillard 2007). This trend contradicts a shared goal of producing a cumulative body of scientific evidence that bears on critical accounting questions. Any single method, i.e., a scientific “monoculture,” produces procrustean “truths” about a phenomenon just as a “monoculture” ecological environment fails to represent the scientific diversity of an environmental ecology because of its, usually artificial, domination by a single species. A community of scholars seeking to generate science must, necessarily, be a methodologically diverse community not due to “political correctness” (i.e., diversity for its own sake), but because its ability to understand a complex phenomenon, and generate accurate descriptions of it, requires diverse methods and data (Weick 1983). Following Weick (1983), imagine a camera lens that has only one setting. Such a camera will capture, with clarity, objects at exactly the distance setting of the lens. All other objects will be out of focus. Similarly, a scientific community with only one methodological tool, e.g., financial, archival research using standardized datasets, will be constrained to studying only a fraction of the richness of the ecology of accounting information. Capturing a richer ecological space requires richer methods and questions.

. . .

Research on the tragic deaths of firefighters notes a curious paradox. Firefighters who are near safety will often retain their tools and perish in the growing flames, rather than drop their now-useless tools and flee to safety (e.g., Weick 1996). Why do firefighters hold onto their (useless) tools and die? Although the reasons are varied and complex, one crucial factor is the experience of vu jade, i.e., of experiencing that which one has never seen before, that for which one is under trained, and that which calls for actions that contradict deeply learned behavior. Partly, firefighters retain useless tools and perish because, to drop one's long-held tools and run is to admit defeat, to admit that familiar, long-used technologies are now useless, and to admit a profound misjudgment of relevant risks.

Sound familiar? Scholarship, and accounting scholarship, is now in a vu jade world. We retain our familiar but now antiquated tools to the demise of our credibility, relevance, and legitimacy. p-values and NHST are now the metaphoric equivalent of the tools that firefighters, who facing immediate death, kept, rather than admitting the tools' obsolescence in the face of new, unfamiliar risks. In short, it is time to drop our familiar tools and quickly learn their replacements, which are adapted to the emerging “Big Data,” “big computing” world

Bob Jensen's threads on what went wrong in accountics science ---



I track a lot of published accounting research. But I've yet to find accounting research article that provides warning labels about p-values presented in that paper?

Are any of you aware of a published accounting research paper that has warning labels or any discussion about how p-values can be misleading in the world of science and accounting?

Are any of you aware of where an accounting research journal policy statement even acknowledges the fall from grace of p-values in scientific research?

It's not that p-values should be avoided? What's important is that there are warnings about how they can be misleading.

I'm serious here about finding any evidence that editors of our accounting research journals do not still have their heads in the sand regarding p-values. In a recent AECM message Dan Stone at the University of Kentucky mentioned having a working paper on p-values but he did not share that paper with us. I think it might be under review by one of our accounting research journals.

I could have easily have missed where a published study in accounting research provides warning labels on its p-values. Please help me out by sending me references where accountics researchers are keeping up with the times regarding p-values.


Review of “The Unappreciated Heterogeneity of Effect Sizes:Implications for Power, Precision, Planning of Research, and Replication” by David Kenny and Charles Judd, posted at Open Science Framework (OSF)] ---

“The goal of this article is to examine the implications of effect size heterogeneity for power analysis, the precision of effect estimation, and the planning of both original and replication research.”

“…given effect heterogeneity, the power in testing an effect in any particular study is different from what conventional power analyses suggest, and the extent to which this is true depends on the magnitude of the heterogeneity. Whenever a conventional power analyses yields a power value less than .50, an estimate that allows for heterogeneity is greater; and when a conventional analysis yields a power value greater than .50, the estimate given heterogeneity is less.”

“…given some heterogeneity and a small to moderate average effect size, there is a non-trivial chance of finding a significant effect in the opposite direction from the average effect size reported in the literature. …This probability increases as N increases.”

“Many analysts recommend what might be called a one-basket strategy.  They put all their eggs in the one basket of a very large N study.  … such a strategy is misguided … given the same total N and heterogeneity, multiple studies are better than a single study.”

“In the presence of heterogeneity, our results show that power is not nearly as high as it would seem and that even large N studies may have a non-trivial chance of finding a result in the opposite direction from the original study.  This makes us question the wisdom of placing a great deal of faith in a single replication study.  The presence of heterogeneity implies that there are a variety of true effects that could be produced.”

 Continued in article


The White Flight From Football ---

Jensen Comment
Donald Trump proclaims that his young son will not be allowed to play football due to risk of lifetime disability. He's not alone as the article above points out. Not only are parents balking at football, but players themselves, including NFL players, are quitting in fear of long-term damage.

There also may be football flight from colleges and high schools. The 800 lb gorilla here is the flight of insurance companies from offering football casualty liability policies. In the USA people sue at the drop of a hat, including players and families of players who receive long-term disabilities or even die from football ---

When a coach or other official is truly negligent (such as rigorous practice in dangerous heat) then lawsuits are justifiable. The problem, however in so many football cases is that sympathetic juries will award enormous damages when there is no negligence. This is the reason malpractice insurance costs so much for obstetrics versus rheumatology. Sympathetic juries will award multimillion settlements for most any deformed baby whether or not the obstetrics team was negligent. If a player is killed in football a college might be hit with a huge settlement even when the death seems to be truly accidental.

It's doubtful that Notre Dame or the University of Texas or other NCAA Division 1 universities will drop football anytime soon, but a raft of Division 3 football teams may soon bite the dust. Recruitment of players may become more difficult as high schools like our local high school no longer have football teams and do not provide many (any?) football recruits for colleges. 

Furthermore, the loss of insurance options gives colleges excuses to drop money-losing football (apart from lawsuits).

Malone University ends football ---

Researcher banned from federal Canadian funding after misconduct loses medical license ---

Jensen Comment
The hammer really fell in this case.

Collegiate Fibbing to US News Can Be Expensive ---
Federal Judge Approves $5.5 Million Settlement In Temple U.S. News Rankings Scandal ---

From a Chronicle of Higher Education Newsletter on February 6, 2019

Inadequate parking is a universal gripe of employees at sprawling university campuses. The problem so frustrated one Canadian professor that he abruptly resigned after learning that his university had sold the day's allotment of parking passes. A designated campus parking spot has become one of the more prestigious perks for Nobel laureates. And we recently heard of an instructor who called his students several minutes after class was supposed to have started and told them to leave because he couldn't find a legal place to park his car.

Now parking is a problem for another vehicle zipping around college campuses: electric scooters. Students at the University of Texas have been instructed to park their rental scooters in designated spots. Scooters improperly parked could be impounded, The Daily Texan reports, and the university would then charge the vendors a fee. Whether that cost is subsequently passed along to the students is up to the scooter companies.

Will an impoundment fee be cheaper than a parking ticket? Unlucky scooter drivers may soon find out.

Jensen Comment
Remember that old saying:  The three marks of a great college President are that she/he (they) provide:

Sex for the undergraduates
Parki9ng for the faculty & staff
Winning football for the alumni

UCLA students call about 11,000 Uber and Lyft rides that never leave campus every week, raising concerns about the environmental impact of unnecessary trips ---
Surely you don't recommend walking dorms and classes?
One of the causes is shortage of parking coupled with not-so-poor students at UCLA --- Poor things have to leave their Corvettes in the fraternity parking lots.

From the Scout Report on February 1, 2019

PhotoRec --- www.cgsecurity.org/wiki/PhotoRec 
PhotoRec is a data recovery tool for severely damaged digital media. It was originally designed to recover pictures from dying digital camera memory but has since been extended to work with over 480 different types of files on nearly any kind of digital media. PhotoRec works by scanning the entire disk from beginning to end looking for files. This approach, referred to as file carving, is why PhotoRec can work even when the underlying media is severely damaged, when the filesystem metadata has been corrupted, or even when the media has been reformatted. The How PhotoRec works section on PhotoRec's website goes into more technical detail on this process. The PhotoRec step by step section gives a detailed walkthrough of the recovery process with screenshots and explanations of each step. The PhotoRec site provides executables for Windows, macOS, and Linux. PhotoRec is free software, distributed under the GNU General Public License, with source code available alongside the executable downloads.

Booktype --- https://booktype.pro/
Booktype is a web-based publishing platform that can produce books, reports, and manuals in both digital and print formats. Booktype's authoring environment is designed to be clean and intuitive, using a drag-and-drop approach for formatting and images. Multiple authors and editors can be simultaneously working on a publication, supporting a rapid pace of revisions. Booktype was originally created to support FLOSS Manuals. Currently, it is used by Amnesty International, the German publisher Mikrotext, the Research Hive at the University of Sussex, among others. A larger list of current users can be found under the Who's using it? section of the Booktype website. A public demo is also available for users who want to practice with Booktype before installing it. Booktype's web interface works in Google Chrome and Mozilla Firefox. Instructions for installing Booktype on one's own server can be located in the Installation section of the Booktype documentation. Instructions are provided for Linux and macOS. A hosted version of Booktype can also be purchased for a monthly fee. Booktype is free software, distributed under the GNU Affero General Public License, with source code available on GitHub.


Free Online Tutorials, Videos, Course Materials, and Learning Centers

Education Tutorials

Why Can't They Write?
Think poor teaching and low expectations
Grade inflation takes its toll

Journeys in Film (Education) --- https://journeysinfilm.org/

Jane Goodall’s Lovely Letter to Children About How Reading Shaped Her Life ---

Socratica Educational (science videos for kids) --- www.youtube.com/user/SocraticaStudios

International Journal of STEM Education --- https://stemeducationjournal.springeropen.com/

NASA: Climate Kids (tutorials) --- https://climatekids.nasa.gov/

To the Best of Our Knowledge (radio programs) --- www.ttbook.org

TeachEngineering: Riding the Radio Waves --- www.teachengineering.org/lessons/view/duk_amradio_tech_less

Bob Jensen's threads on general education tutorials are at http://faculty.trinity.edu/rjensen/Bookbob2.htm#EducationResearch

Bob Jensen's bookmarks for multiple disciplines --- http://faculty.trinity.edu/rjensen/Bookbob2.htm

Bob Jensen's links to free courses and tutorials --- http://faculty.trinity.edu/rjensen/000aaa/updateee.htm#OKI


Engineering, Science, and Medicine Tutorials

February 9, 2019 weather on Mt Washington while I watch it at sunrise (from my warm desk)


It's very windy down at our cottage as well, but not 115 mph

Big Picture Science (radio programs) --- http://radio.seti.org/

MIT finally figures out how to get planes and submarines to communicate ---

Socratica Educational (science videos for kids) --- www.youtube.com/user/SocraticaStudios

International Journal of STEM Education --- https://stemeducationjournal.springeropen.com/

It's not that cold. Truly frigid temps are a thing of the past ---

Explore an Interactive Version of The Wall of Birds, a 2,500 Square-Foot Mural That Documents the Evolution of Birds Over 375 Million Years ---

APLU: 2018 Status Report on Engineering Education --- 

TeachEngineering: Riding the Radio Waves --- www.teachengineering.org/lessons/view/duk_amradio_tech_less

Teach Engineering: Physics --- http://www.teachengineering.org/search_results.php?simple=physics

Bob Jensen's threads on free online science, engineering, and medicine tutorials are at --http://faculty.trinity.edu/rjensen/bookbob2.htm

Bob Jensen's links to free courses and tutorials --- http://faculty.trinity.edu/rjensen/000aaa/updateee.htm#OKI

Social Science and Economics Tutorials

The Power of Propaganda in World War II ---
Fake and biased news was a big thing in history --- only it was called propaganda and did not have the reach of today's social and electronic media

Pope Francis Publicly Acknowledges Nuns Are Also Victims of Sexual Abuse by Priests ---
Click Here

Black History Mini Docs --- http://blackhistoryminidocs.com/

Goin' North: Stories from the First Great Migration to Philadelphia --- www.goinnorth.org

Making a Change: The First Amendment and the Civil Rights Movement ---

Views of African American Life in Maryland ---

Freedom Narratives --- http://freedomnarratives.org/

“A Fundamentally Illegitimate Choice”: Shoshana Zuboff on the Age of Surveillance Capitalism ---

UN Audiovisual Library --- www.unmultimedia.org/avlibrary

Bob Jensen's threads on Economics, Anthropology, Social Sciences, and Philosophy tutorials are at

Bob Jensen's links to free courses and tutorials --- http://faculty.trinity.edu/rjensen/000aaa/updateee.htm#OKI

Law and Legal Studies

Bob Jensen's threads on law and legal studies are at
Scroll down to Law

Math Tutorials

Bees ‘get’ addition and subtraction, new study suggests ---
Jensen Comment
Big deal. I will be more impressed when they learn how to take square roots.

Mathematical Association of America: On This Day --- www.maa.org/news/on-this-day

Pi --- https://en.wikipedia.org/wiki/Pi
February 11, 1897:  Indiana bill to fix the value of Pi was defeated in the state senate ---

Bob Jensen's threads on free online mathematics tutorials are at
Scroll down to Mathematics and Statistics

Bob Jensen's links to free courses and tutorials --- http://faculty.trinity.edu/rjensen/000aaa/updateee.htm#OKI

History Tutorials

A History of the Entire World in Less Than 20 Minutes ---

An Animated Reconstruction of Ancient Rome: Take A 30-Minute Stroll Through the City’s Virtually-Recreated Streets ---

The Story of Greece and Rome ---

Michel Foucault Offers a Clear Introduction to His Philosophical Project (1966) ---

The New Yorker:  Are Equality and Freedom Mutually Independent?

Black History Mini Docs --- http://blackhistoryminidocs.com/

Goin' North: Stories from the First Great Migration to Philadelphia Social --- www.goinnorth.org

How the Clavichord & Harpsichord Became the Modern Piano: The Evolution of Keyboard Instruments, Explained ---

The Cleveland Museum of Art Digitizes Its Collection, Putting 30,000 Works Online and Into the Public Domain ---

The Evolution of the Alphabet: A Colorful Flowchart, Covering 3,800 Years, Takes You From Ancient Egypt to Today ---

Are You Ready for the Country: Elvis, Dylan, Parsons and the Roots of Country Rock ---

The Complete History of the NFL --- https://projects.fivethirtyeight.com/complete-history-of-the-nfl/

Bob Jensen's threads on history tutorials are at http://faculty.trinity.edu/rjensen/bookbob2.htm
Scroll down to History
Also see http://faculty.trinity.edu/rjensen/ElectronicLiterature.htm  

Bob Jensen's links to free courses and tutorials --- http://faculty.trinity.edu/rjensen/000aaa/updateee.htm#OKI

Language Tutorials

The internet’s “Grammar Girl” on the last decade’s most dramatic change in language ---

The Evolution of the Alphabet: A Colorful Flowchart, Covering 3,800 Years, Takes You From Ancient Egypt to Today ---

Bob Jensen's links to language tutorials are at http://faculty.trinity.edu/rjensen/bookbob2-Part2.htm#Languages

Music Tutorials

How the Clavichord & Harpsichord Became the Modern Piano: The Evolution of Keyboard Instruments, Explained ---

A Vintage Grand Piano Gets Reengineered to Play 20 Different Instruments with a Push of Its Keys ---

Are You Ready for the Country: Elvis, Dylan, Parsons and the Roots of Country Rock ---

Bob Jensen's threads on free music tutorials are at
Scroll down to Music

Bob Jensen's threads on music performances ---

Writing Tutorials

Bob Jensen's helpers for writers are at http://faculty.trinity.edu/rjensen/Bookbob3.htm#Dictionaries

Bob Jensen's threads on medicine ---

CDC Blogs --- http://blogs.cdc.gov/

Shots: NPR Health News --- http://www.npr.org/sections/health-shots

Updates from WebMD --- http://www.webmd.com/

February 2, 2019

February 4, 2019

February 5, 2019

February 6, 2019

February 7, 2019

February 9, 2019

February 12, 2019

February 13, 2019

View All Health News

Just because it's legal, doesn't mean it's safe. Exposure to cannabis – and, specifically, to THC – while in utero leads to heart defects and metabolic limitations likely to result in heart disease and diabetes later in life, according to a Western-led study ---

Bud Light Took a Stance (in its Super Bowl slot) Against Corn Syrup. But Experts Say That Doesn’t Make Beer Better or Healthier ---
Click Here
Jensen Comment
What Budweiser did not anticipate is how angry its Super Bowl advertisement made corn growers in the Midwest who are now shifting to Coors Light.

Harvard:  Common e-cigarette chemical flavorings may impair lung function ---

Health Craze? What health craze?
Americans Eat More Than a Billion Chicken Wings on Super Bowl Weekend. There's a Surprising Past Behind That Number ---
Click Here
Jensen Comment
I wonder how about the growth of other types of finger foods on Super Bowl weekend like the growth in eating chips, dips, and celery sticks?
My point is that it may not be so much an exploding love of buffalo wings as it is the 100+ million fans at Super Bowl parties trying to eat with a drink in one hand and most any finger-food piece in the other hand.

The really staggering statistic is the year-around statistic that KFC rakes in $5 billion from fried chicken sales in China.
I once saw an enormous line waiting outside a McDonald's restaurant in Hong Kong. Then I looked beyond at the many towers where so many people live in bee-hive like tiny apartments. It dawned on me that fast food restaurants are probably so popular in Hong Kong because, in the sweltering heat, people just don't want to cook in their tiny apartments. I doubt that KFC and McDonalds are so popular in cold Mongolia.

Humor for February 2019

Songs and Jokes for a Friday

Monty Python’s Best Philosophy Sketches: “The Philosophers’ Football Match,” “Philosopher’s Drinking Song” & More ---

Boot Stompin':  Discovering a Great Irish Band – We Banjo 3 – Thanks to Twitter ---
There are multiple videos to click on in this page!

Video:  Funny Pun Signs --- https://www.youtube.com/watch?v=d3A9wc2ZKtg

Dialing a Rotary Phone ---

Recent Tweet from Abby Carr courtesy of Robert Harris
Dear CVS: I bought dental floss, a birthday card and a small chocolate bar. My receipt is 4 feet 8 inches long.
https://twitter.com/RobertRHarris (January 28)

Is dying at your desk your only retirement plan?

Man said he’d ‘kill em with kindness’ — that’s the name of his machete, Fla. cops say ---


Forwarded by Paula



First, we survived being born to mothers who may have smoked and/or drank while they were pregnant. They took aspirin, ate blue cheese dressing, tuna from a can, and didn't get tested for diabetes.  

Then, after that trauma, we were put to sleep on our tummies in baby cribs covered with bright colored lead-based paints.   

We had no childproof lids on medicine bottles, locks on doors or cabinets, and, when we rode our bikes, we had baseball caps, not  helmets, on our heads.  

As infants and children, we rode in cars with no car seats, no booster seats, no seat belts, no air bags, bald tires and sometimes no brakes.  

Riding in the back of a pick- up truck on a warm day was always a special treat.  
We drank water from the garden hose and not from a bottle.  
We shared one soft drink with four friends, from one bottle, and no one actually died from this.  
We ate cupcakes, white bread, real butter, and bacon. We drank Kool-Aid made with real white sugar. And we weren't overweight.  WHY?  
Because we were always outside playing, that's why!  
We left home in the morning and play all day, as long as we were back when the streetlights came on.   
No one was able to reach us all day and, we were OKAY.  
We spent hours building our go-carts out of  scraps and then ride them down the hill, only to find out that we forgot about brakes. After running into the bushes a few times, we learned to solve the problem.  
 We did not have Play Stations, Nintendo and X-boxes. There were   
No video games, No 150 channels on cable (no cable!), No video movies or DVDs, 

No surround-sound or CDs, No cell phones, No personal computers, 

No Internet and No chat rooms.   

We had friends and we went outside and found them!   
We fell out of trees, got cut, broke bones and lost teeth and there were no lawsuits from those accidents. 
We got spankings with wooden spoons, switches, ping-pong paddles, or just a bare hand and no one  called child services to report abuse.  
We ate worms, and mud pies made from dirt and the worms did not live in us forever.   
We were given BB guns for our 10th birthdays,  22 rifles for our 12th, rode horses, made up games with sticks and tennis balls, and, although we were told it would happen,  we did not put out very many eyes.  
We rode bikes or walked to a friend's house and knocked on the door or rang the bell, or just walked in and talked to them.
 Little League had tryouts and not everyone made the team. Those who didn't had to learn to deal with disappointment.   Imagine that!  
The idea of a parent bailing us out if we broke the law was unheard of;  
They actually sided with the law!     
These generations have produced some of the best risk-takers,    
problem solvers, and inventors ever.   
The past 60 to 85 years have seen an explosion of innovation and new ideas.   
We had freedom, failure, success and responsibility and we learned 
how to deal with it all.   
If you are one of those born between 1925-1955, Congratulations!  
You might want to share this with others who have had the luck to grow up as kids before the lawyers and the government regulated so much of our lives for our own good.  
While you are at it, forward it to your kids, so they will know how brave and lucky their parents were.  
Kind of makes you want to run through the house with scissors, doesn't it ?


Humor January 2019--- http://faculty.trinity.edu/rjensen/book19q1.htm#Humor0119.htm   

Humor December 2018--- http://faculty.trinity.edu/rjensen/book18q4.htm#Humor1218.htm  

Humor November 2018--- http://faculty.trinity.edu/rjensen/book18q4.htm#Humor1118.htm 

Humor October 2018--- http://faculty.trinity.edu/rjensen/book18q4.htm#Humor1118.htm

Humor October 2018--- http://faculty.trinity.edu/rjensen/book18q4.htm#Humor1018.htm   

Humor September 2018--- http://faculty.trinity.edu/rjensen/book18q3.htm#Humor0918.htm 

Humor August 2018 --- http://faculty.trinity.edu/rjensen/book18q3.htm#Humor0818.htm  

Humor July 2018--- http://faculty.trinity.edu/rjensen/book18q3.htm#Humor0718.htm 

Humor June 2018--- http://faculty.trinity.edu/rjensen/book18q2.htm#Humor0618.htm

Humor May 2018--- http://faculty.trinity.edu/rjensen/book18q2.htm#Humor0518.htm

Humor April 2018--- http://faculty.trinity.edu/rjensen/book18q2.htm#Humor0418.htm

Humor March 2018--- http://faculty.trinity.edu/rjensen/book18q1.htm#Humor0318.htm 

Humor February 2018--- http://faculty.trinity.edu/rjensen/book18q1.htm#Humor0218.htm

Humor January 2018--- http://faculty.trinity.edu/rjensen/book18q1.htm#Humor0118.htm 

Humor December 2017--- http://faculty.trinity.edu/rjensen/book17q4.htm#Humor1217.htm

Humor November 2017--- http://faculty.trinity.edu/rjensen/book17q4.htm#Humor1117.htm

Humor October 2017--- http://faculty.trinity.edu/rjensen/book17q4.htm#Humor1017.htm

Humor September 2017--- http://faculty.trinity.edu/rjensen/book17q3.htm#Humor0917.htm 

Humor August 2017--- http://faculty.trinity.edu/rjensen/book17q3.htm#Humor0817.htm

Humor July 2017--- http://faculty.trinity.edu/rjensen/book17q3.htm#Humor0717.htm

Humor June 2017--- http://faculty.trinity.edu/rjensen/book17q2.htm#Humor0617.htm

Humor May 2017--- http://faculty.trinity.edu/rjensen/book17q2.htm#Humor0517.htm

Humor April 2017--- http://faculty.trinity.edu/rjensen/book17q2.htm#Humor0417.htm

Humor March 2017--- http://faculty.trinity.edu/rjensen/book17q1.htm#Humor0317.htm

Humor February 2017 --- http://faculty.trinity.edu/rjensen/book17q1.htm#Humor0217.htm

Humor January 2017 --- http://faculty.trinity.edu/rjensen/book17q1.htm#Humor0117.htm


Tidbits Archives --- http://faculty.trinity.edu/rjensen/TidbitsDirectory.htm

More of Bob Jensen's Pictures and Stories

Click here to search Bob Jensen's web site if you have key words to enter --- Search Site.
For example if you want to know what Jensen documents have the term "Enron" enter the phrase Jensen AND Enron. Another search engine that covers Trinity and other universities is at http://www.searchedu.com/

Online Distance Education Training and Education --- http://faculty.trinity.edu/rjensen/Crossborder.htm
For-Profit Universities Operating in the Gray Zone of Fraud  (College, Inc.) --- http://faculty.trinity.edu/rjensen/HigherEdControversies.htm#ForProfitFraud

Shielding Against Validity Challenges in Plato's Cave ---

The Cult of Statistical Significance: How Standard Error Costs Us Jobs, Justice, and Lives ---

How Accountics Scientists Should Change: 
"Frankly, Scarlett, after I get a hit for my resume in The Accounting Review I just don't give a damn"
One more mission in what's left of my life will be to try to change this

What went wrong in accounting/accountics research?  ---

The Sad State of Accountancy Doctoral Programs That Do Not Appeal to Most Accountants ---


Bob Jensen's threads on accounting theory ---

Tom Lehrer on Mathematical Models and Statistics ---

Systemic problems of accountancy (especially the vegetable nutrition paradox) that probably will never be solved ---


World Clock --- http://www.peterussell.com/Odds/WorldClock.php
Facts about the earth in real time --- http://www.worldometers.info/

Interesting Online Clock and Calendar --- http://home.tiscali.nl/annejan/swf/timeline.swf
Time by Time Zones --- http://timeticker.com/
Projected Population Growth (it's out of control) --- http://geography.about.com/od/obtainpopulationdata/a/worldpopulation.htm
         Also see http://users.rcn.com/jkimball.ma.ultranet/BiologyPages/P/Populations.html
Facts about population growth (video) --- http://www.youtube.com/watch?v=pMcfrLYDm2U
Projected U.S. Population Growth --- http://www.carryingcapacity.org/projections75.html
Real time meter of the U.S. cost of the war in Iraq --- http://www.costofwar.com/ 
Enter you zip code to get Census Bureau comparisons --- http://zipskinny.com/
Sure wish there'd be a little good news today.

Free (updated) Basic Accounting Textbook --- search for Hoyle at

CPA Examination --- http://en.wikipedia.org/wiki/Cpa_examination
Free CPA Examination Review Course Courtesy of Joe Hoyle --- http://cpareviewforfree.com/

Rick Lillie's education, learning, and technology blog is at http://iaed.wordpress.com/

Accounting News, Blogs, Listservs, and Social Networking ---

Bob Jensen's Threads --- http://faculty.trinity.edu/rjensen/threads.htm 
Current and past editions of my newsletter called New Bookmarks --- http://faculty.trinity.edu/rjensen/bookurl.htm
Current and past editions of my newsletter called Tidbits --- http://faculty.trinity.edu/rjensen/TidbitsDirectory.htm
Current and past editions of my newsletter called Fraud Updates --- http://faculty.trinity.edu/rjensen/FraudUpdates.htm

Online Books, Poems, References, and Other Literature
In the past I've provided links to various types electronic literature available free on the Web. 
I created a page that summarizes those various links --- http://faculty.trinity.edu/rjensen/ElectronicLiterature.htm

Some of Bob Jensen's Tutorials

Accounting program news items for colleges are posted at http://www.accountingweb.com/news/college_news.html
Sometimes the news items provide links to teaching resources for accounting educators.
Any college may post a news item.

Accounting  and Taxation News Sites ---


For an elaboration on the reasons you should join a ListServ (usually for free) go to   http://faculty.trinity.edu/rjensen/ListServRoles.htm
AECM (Educators) http://listserv.aaahq.org/cgi-bin/wa.exe?HOME
AECM is an email Listserv list which provides a forum for discussions of all hardware and software which can be useful in any way for accounting education at the college/university level. Hardware includes all platforms and peripherals. Software includes spreadsheets, practice sets, multimedia authoring and presentation packages, data base programs, tax packages, World Wide Web applications, etc.

Over the years the AECM has become the worldwide forum for accounting educators on all issues of accountancy and accounting education, including debates on accounting standards, managerial accounting, careers, fraud, forensic accounting, auditing, doctoral programs, and critical debates on academic (accountics) research, publication, replication, and validity testing.


CPAS-L (Practitioners) http://pacioli.loyola.edu/cpas-l/  (Closed Down)
CPAS-L provides a forum for discussions of all aspects of the practice of accounting. It provides an unmoderated environment where issues, questions, comments, ideas, etc. related to accounting can be freely discussed. Members are welcome to take an active role by posting to CPAS-L or an inactive role by just monitoring the list. You qualify for a free subscription if you are either a CPA or a professional accountant in public accounting, private industry, government or education. Others will be denied access.
Yahoo (Practitioners)  http://groups.yahoo.com/group/xyztalk
This forum is for CPAs to discuss the activities of the AICPA. This can be anything  from the CPA2BIZ portal to the XYZ initiative or anything else that relates to the AICPA.
AccountantsWorld  http://accountantsworld.com/forums/default.asp?scope=1 
This site hosts various discussion groups on such topics as accounting software, consulting, financial planning, fixed assets, payroll, human resources, profit on the Internet, and taxation.
Business Valuation Group BusValGroup-subscribe@topica.com 
This discussion group is headed by Randy Schostag [RSchostag@BUSVALGROUP.COM
FEI's Financial Reporting Blog
Smart Stops on the Web, Journal of Accountancy, March 2008 --- http://www.aicpa.org/pubs/jofa/mar2008/smart_stops.htm

Find news highlights from the SEC, FASB and the International Accounting Standards Board on this financial reporting blog from Financial Executives International. The site, updated daily, compiles regulatory news, rulings and statements, comment letters on standards, and hot topics from the Web’s largest business and accounting publications and organizations. Look for continuing coverage of SOX requirements, fair value reporting and the Alternative Minimum Tax, plus emerging issues such as the subprime mortgage crisis, international convergence, and rules for tax return preparers.
The CAlCPA Tax Listserv

September 4, 2008 message from Scott Bonacker [lister@bonackers.com]
Scott has been a long-time contributor to the AECM listserv (he's a techie as well as a practicing CPA)

I found another listserve that is exceptional -

CalCPA maintains http://groups.yahoo.com/taxtalk/  and they let almost anyone join it.
Jim Counts, CPA is moderator.

There are several highly capable people that make frequent answers to tax questions posted there, and the answers are often in depth.


Scott forwarded the following message from Jim Counts

Yes you may mention info on your listserve about TaxTalk. As part of what you say please say [... any CPA or attorney or a member of the Calif Society of CPAs may join. It is possible to join without having a free Yahoo account but then they will not have access to the files and other items posted.

Once signed in on their Yahoo account go to http://finance.groups.yahoo.com/group/TaxTalk/ and I believe in top right corner is Join Group. Click on it and answer the few questions and in the comment box say you are a CPA or attorney, whichever you are and I will get the request to join.

Be aware that we run on the average 30 or move emails per day. I encourage people to set up a folder for just the emails from this listserve and then via a rule or filter send them to that folder instead of having them be in your inbox. Thus you can read them when you want and it will not fill up the inbox when you are looking for client emails etc.

We currently have about 830 CPAs and attorneys nationwide but mainly in California.... ]

Please encourage your members to join our listserve.

If any questions let me know.

Hemet, CA
Moderator TaxTalk





Many useful accounting sites (scroll down) --- http://www.iasplus.com/links/links.htm


Bob Jensen's Sort-of Blogs --- http://faculty.trinity.edu/rjensen/JensenBlogs.htm
Current and past editions of my newsletter called New Bookmarks --- http://faculty.trinity.edu/rjensen/bookurl.htm
Current and past editions of my newsletter called Tidbits --- http://faculty.trinity.edu/rjensen/TidbitsDirectory.htm
Current and past editions of my newsletter called Fraud Updates --- http://faculty.trinity.edu/rjensen/FraudUpdates.htm

Some Accounting History Sites

Bob Jensen's Accounting History in a Nutshell and Links --- http://faculty.trinity.edu/rjensen/theory01.htm#AccountingHistory

Accounting History Libraries at the University of Mississippi (Ole Miss) --- http://www.olemiss.edu/depts/accountancy/libraries.html
The above libraries include international accounting history.
The above libraries include film and video historical collections.

MAAW Knowledge Portal for Management and Accounting --- http://maaw.info/

Academy of Accounting Historians and the Accounting Historians Journal ---

Sage Accounting History --- http://ach.sagepub.com/cgi/pdf_extract/11/3/269

A nice timeline on the development of U.S. standards and the evolution of thinking about the income statement versus the balance sheet is provided at:
"The Evolution of U.S. GAAP: The Political Forces Behind Professional Standards (1930-1973)," by Stephen A. Zeff, CPA Journal, January 2005 --- http://www.nysscpa.org/cpajournal/2005/105/infocus/p18.htm
Part II covering years 1974-2003 published in February 2005 --- http://www.nysscpa.org/cpajournal/2005/205/index.htm 

A nice timeline of accounting history --- http://www.docstoc.com/docs/2187711/A-HISTORY-OF-ACCOUNTING

From Texas A&M University
Accounting History Outline --- http://acct.tamu.edu/giroux/history.html

Bob Jensen's timeline of derivative financial instruments and hedge accounting ---

History of Fraud in America --- http://faculty.trinity.edu/rjensen/415wp/AmericanHistoryOfFraud.htm
Also see http://faculty.trinity.edu/rjensen/Fraud.htm

Bob Jensen's Threads ---

More of Bob Jensen's Pictures and Stories

All my online pictures --- http://www.cs.trinity.edu/~rjensen/PictureHistory/


Professor Robert E. Jensen (Bob) http://www.trinity.edu/rjensen
190 Sunset Hill Road
Sugar Hill, NH 03586
Phone:  603-823-8482 
Email:  rjensen@trinity.edu