Tidbits on May 16 2019
Bob Jensen at Trinity University

Set 3 of My Wild Roses Photographs ---
http://www.cs.trinity.edu/rjensen/Tidbits/Roses/Wild/Set03/WildRosesSet03.htm  

 

Tidbits on May 16, 2019
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Bob Jensen's Tidbits ---
http://faculty.trinity.edu/rjensen/TidbitsDirectory.htm

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 

My Latest Web Document
Over 400 Examples of Critical Thinking and Illustrations of How to Mislead With Statistics --
-
http://faculty.trinity.edu/rjensen/MisleadWithStatistics.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
http://faculty.trinity.edu/rjensen/Pictures.htm

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

Animated  Visualization of the United States’ Exploding Population Growth Over 200 Years (1790 – 2010) ---
A Visualization of the United States’ Exploding Population Growth Over 200 Years (1790 – 2010)

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

In September 2017 the USA National Debt exceeded $20 trillion for the first time ---
http://www.statedatalab.org/news/detail/national-debt-surpasses-20-trillion-for-the-first-time-in-us-history

Human Population Over Time on Earth ---
https://www.youtube.com/watch?v=PUwmA3Q0_OE 




Online Video, Slide Shows, and Audio

Mr. Rogers’ Nine Rules for Speaking to Children (1977) ---
http://www.openculture.com/2019/05/mr-rogers-nine-rules-for-speaking-to-children-1977.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

Paris, New York & Havana Come to Life in Colorized Films Shot Between 1890 and 1931 ---
http://www.openculture.com/2019/05/paris-new-york-havana-come-to-life.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

Video of a Job Interview With a Millennial (it's best to watch this one before 8:00 am) ---
https://static.uglyhedgehog.com/upload/2018/3/3/369873-the_generation_gap.mp4
Thank you Denny Beresford for the heads up --- the actors are very good in this clip

The Kid Should See This (child education videos) --- https://thekidshouldseethis.com/
And every child should see the amazing Our Planet collection of videos produced by NetFlix ---
https://en.wikipedia.org/wiki/Our_Planet

53 Years of Nuclear Testing in 14 Minutes: A Time Lapse Film by Japanese Artist Isao Hashimoto ---
http://www.openculture.com/2019/05/53-years-of-nuclear-testing-in-14-minutes-a-time-lapse.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

A Mesmerizing Trip Across the Brooklyn Bridge: Watch Footage from 1899 ---
http://www.openculture.com/2019/05/a-mesmerizing-trip-across-the-brooklyn-bridge.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

The Last Duel Took Place in France in 1967, and It’s Caught on Film ---
http://www.openculture.com/2019/05/the-last-duel-took-place-in-france-in-1967-and-its-caught-on-film.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

Hannah Gadsby: Three ideas. Three contradictions. Or not ---
https://www.ted.com/talks/hannah_gadsby_three_ideas_three_contradictions_or_not?utm_source=newsletter_weekly_2019-05-04&utm_campaign=newsletter_weekly&utm_medium=email&utm_content=talk_of_the_week_image

The Shifting Power of the World’s Largest Cities Visualized Over 4,000 Years (2050 BC-2050 AD) ---
http://www.openculture.com/2019/05/shifting-power-of-the-worlds-largest-cities-visualized-over-4000-years.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

Making Models With 3-D Printing ---
https://www.youtube.com/watch?v=6JwEYamjXpA&frags=pl,wn

An Animated Introduction to the World’s Five Major Religions: Hinduism, Judaism, Buddhism, Christianity & Islam ---
http://www.openculture.com/2019/05/an-animated-introduction-to-the-worlds-5-major-religions.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

The Inn on Sunset Hill (just down from our cottage) ---
https://www.youtube.com/watch?v=A5cqUX0LcbU&t=9s

 


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 

Songs to Accompany Graduation --- https://jborden.com/2019/05/13/music-monday-13-songs-to-accompany-graduation/

Hear Debbie Harry’s Stunning Ethereal Vocal Tracks from “Heart of Glass,” “Call Me,” “Rapture,” and “One Way or Another” ---
http://www.openculture.com/2019/04/hear-debbie-harrys-stunning-ethereal-vocal-tracks-from-heart-of-glass-call-me-rapture-and-one-way-or-another.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

Chris Farley --- https://en.wikipedia.org/wiki/Chris_Farley
Adam Sandler's Tribute To Chris Farley ---
https://taxprof.typepad.com/taxprof_blog/2019/05/adam-sandlers-tribute-to-chris-farley.html

Bob Jensen's Links to Free Music
http://faculty.trinity.edu/rjensen/Music.htm


Photographs and Art

A Complete Digitization of Leonardo Da Vinci’s Codex Atlanticus, the Largest Existing Collection of His Drawings & Writings ---
http://www.openculture.com/2019/05/a-complete-digitization-of-leonardo-da-vincis-codex-atlanticus.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

Hubble telescope astronomers created a stunning picture of the deep universe with 16 years' worth of photos ---
https://www.businessinsider.com/hubble-telescope-galaxies-photo-legacy-wide-field-deep-universe-2019-5

City Nature Challenge --- http://citynaturechallenge.org/

Art Institute of Chicago: Shatter Rupture Break --- www.artic.edu/digital-catalogues/modern-series-shatter-rupture-break

Is the Leonardo da Vinci Painting “Salvator Mundi” (Which Sold for $450 Million in 2017) Actually Authentic?
http://www.openculture.com/2019/05/is-the-leonardo-da-vinci-painting-salvator-mundi-authentic.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

The Whitehouse of Englewood --- https://www.businessinsider.com/new-jersey-mansion-price-chop-white-house-of-englewood-photos-2019-4

The Frans Hals Museum (art history) --- https://www.franshalsmuseum.nl/en/

NYT:  Algeria’s Turmoil Adds New Obstacle to Saving the Historic Casbah ---
https://www.nytimes.com/2019/05/05/world/africa/algeria-casbah-preservation-plan.html

Vintage Photographs from the Automobile Industry ---
https://www.businessinsider.com/vintage-photos-of-auto-boom-america-2019-4

These 8 iconic images tell the story of every US conflict from World War I to Afghanistan ---
https://www.businessinsider.com/iconic-war-photos-tell-the-story-of-the-last-100
Some of them are not really "iconic"
A photograph of Saddam in jail or Saddam's statue being toppled would've been more iconic

Other USA Military Photos ---
https://www.businessinsider.com/military-photos-armed-forces-day-2017-5#explosive-ordnance-disposal-mobile-unit-8-and-the-norwegian-army-explosive-ordnance-disposal-team-participate-in-a-cold-weather-endurance-ruck-march-in-ramsund-norway-4

Venezuela's Meltdown --- https://www.businessinsider.com/photos-what-its-like-to-live-in-venezuela-crisis-2019-4

Here's what's in the cockpit of one of America's most secretive weapons — the B-2 stealth bomber
https://www.businessinsider.com/heres-whats-in-the-cockpit-of-a-b-2-stealth-bomber-2019-4

Indonesia wants to spend $33 billion to move its sinking capital hundreds of miles. Here's what the flooded city looks like ---
https://www.businessinsider.com/indonesia-jakarta-sinking-flooding-2019-5

Teaching with Historic Places: Iolani Palace --- www.nps.gov/subjects/teachingwithhistoricplaces/lesson-plan_iolani-palace.htm

If your timing is right, along this 130-mile dirt road in the Sonoran Desert you may see blankets of flowers along with sad reminders of history ---
https://www.nytimes.com/2019/04/29/travel/arizona-road-trip-camino-del-diablo.html
Thankj you Paula for the heads up.

Discover Frida Kahlo’s Wildly-Illustrated Diary: It Chronicled the Last 10 Years of Her Life, and Then Got Locked Away for Decades ---
http://www.openculture.com/2019/05/frida-kahlos-wildly-illustrated-diary.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

Bob Jensen's threads on art history ---
http://faculty.trinity.edu/rjensen/bookbob2.htm#ArtHistory

Bob Jensen's threads on history, literature and art ---
http://faculty.trinity.edu/rjensen/Bookbob2.htm#History


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

Trivial Pursuit: The Shakespeare Edition Has Just Been Released: Answer 600 Questions Based on the Life & Works of William Shakespeare ---
http://www.openculture.com/2019/04/trivial-pursuit-the-shakespeare-edition-has-just-been-released.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

Discover Frida Kahlo’s Wildly-Illustrated Diary: It Chronicled the Last 10 Years of Her Life, and Then Got Locked Away for Decades ---
http://www.openculture.com/2019/05/frida-kahlos-wildly-illustrated-diary.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

Thrive After Three (readings for children) --- https://thriveafterthree.com/

ACL: Storytimes ---  www.bayviews.org/storytime

Latinxs in Kid Lit --- https://latinosinkidlit.com/

KidLit TV --- https://kidlit.tv/

The Children's Picture Book Project --- www.readwritethink.org/classroom-resources/lesson-plans/children-picture-book-project-1022.html

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 May 16, 2019
http://faculty.trinity.edu/rjensen/tidbits/2019/TidbitsQuotations051619.htm            

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

To Whom Does the USA Federal Government Owe Money (the booked obligation of $19+ trillion) ---
http://finance.townhall.com/columnists/politicalcalculations/2016/05/25/spring-2016-to-whom-does-the-us-government-owe-money-n2168161?utm_source=thdaily&utm_medium=email&utm_campaign=nl
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) ---
http://money.cnn.com/2013/01/15/news/economy/entitlement-benefits/
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 ---
http://faculty.trinity.edu/rjensen/Entitlements.htm

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 ---
http://www.foxbusiness.com/business-leaders/2013/02/07/truth-behind-our-entitlement-culture/?intcmp=sem_outloud

"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 ---
http://www.businessinsider.com/cbo-presentation-on-the-federal-budget-2013-4
This is a slide show based on a presentation by a Harvard Economics Professor.

Peter G. Peterson Website on Deficit/Debt Solutions ---
http://www.pgpf.org/

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




Learn Philosophy with a Wealth of Free Courses, Podcasts and YouTube Videos ---
http://www.openculture.com/2019/05/learn-philosophy-with-a-wealth-of-free-courses-podcasts-and-youtube-videos.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

Learn Philosophy, from the Ancients to the Moderns, with 350 Animated Videos ---
http://www.openculture.com/2017/12/learn-philosophy-from-the-ancients-to-the-moderns-with-350-animated-videos.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29


MOOCs (2,500+) Getting Started in the World's Most Prestigious Universities in May: Enroll Today ---
http://www.openculture.com/2019/05/2500-moocs-massive-open-online-courses-getting-started-in-may-enroll-today.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29
Jensen Comment
If you can't start now, most of these courses will start again later in the year.

Bob Jensen's threads on MOOCs and other free or very low cost open courses shared online by top universities ---
http://faculty.trinity.edu/rjensen/000aaa/updateee.htm#OKI

How to Take Every MasterClass Course For Less Than a Cup of Good Coffee: 56 Courses at an Average Cost of $3.21 Per Course ----
http://www.openculture.com/2019/04/how-to-take-every-masterclass-course-for-less-than-a-cup-of-good-coffee.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29


Inexpensive, but thoughtful Mother’s Day gifts under $25 ---
https://www.businessinsider.com/best-affordable-cheap-mothers-day-gifts-under-25

Funny and inexpensive Mother's Day gifts ---
https://www.businessinsider.com/funny-unique-mothers-day-gifts

Other Mother's Day Gifts ---
https://www.businessinsider.com/gifts-for-new-mom


Millions of students are buying 'plagiarism-free' essays for as little as $13 — and it's nearly impossible for teachers to prove
https://www.businessinsider.com/students-buying-essays-impossible-to-prove-2019-5

Jensen Comment
If you make the assignments tough enough the essay mills cannot afford to hire the experts. For example, have students compare IFRS vs FASB rules for cross-currency hedges of cryptocurrency inventories in Toronto.

I hope college professors get my point regarding essay assignments that require unique expertise.


How to Harness The Benefits of Blogging For Education ---
https://blog.edmodo.com/2017/04/18/how-to-use-a-blog-to-improve-a-students-education/
Thank you Ed Scribner for the heads up.

Jensen Comment
I think blogging worked for me somewhat with students, although I had many more replies from faculty readers around the world than from my own students or other students. Students are reluctant to engage in blogging debates with professors. Some fear it looks like brown nosing. Others worry that the going public might hurt their grades. It's more common for me to get worldwide inquiries from students around the world regarding postings to my Web site.

I don't encourage students to run their own blogs. When done well, blogging will take too much of their own time.

People sometimes ask me why I run three blogs in addition to running a massive Website. My short answer is that I want to make a difference in the world. The longer answer is more complicated. Firstly, blogging makes me more disciplined in my daily search for things to blog about. Secondly, I learn a lot from feedback. Sometimes the feedback merely expands upon the thread with new supportive citations. Sometimes the feedback is more negative and changes what I think about a topic (and yes I do change my opinions now and then). Thirdly, I really enjoy blogging debates. I really like academic debates in the interest of scholarship.

Bob Jensen's Three Long-Time Blogs


Current and past editions of my blog called Tidbits --- http://faculty.trinity.edu/rjensen/TidbitsDirectory.htm


Current and past editions of my accounting education, research, and teaching cases blog called New Bookmarks --- http://faculty.trinity.edu/rjensen/bookurl.htm
This is the longest-running blog in accounting education history


Current and past editions of my blog called Fraud Updates --- http://faculty.trinity.edu/rjensen/FraudUpdates.htm

 


Walter E. Williams:  Higher Education in America ---
Click Here

Distinguished Professor Emeritus of Economics at Ohio University Richard Vedder's new book, "Restoring the Promise," published by the Independent Institute based in Oakland, California, is about the crisis in higher education. He summarizes the three major problems faced by America's colleges and universities. First, our universities "are vastly too expensive, often costing twice as much per student compared with institutions in other industrialized democracies." Second, though there are some important exceptions, students "on average are learning relatively little, spend little time in academic preparation and in some disciplines are indoctrinated by highly subjective ideology." Third, "there is a mismatch between student occupational expectations after graduation and labor market realities." College graduates often find themselves employed as baristas, retail clerks and taxi drivers.

The extraordinary high college cost not only saddles students with debt, it causes them to defer activities such as getting married and starting a family, buying a home and saving for retirement. Research done by the New York Federal Reserve Banks and the National Bureau of Economic Research shows that each dollar of federal aid to college leads to a tuition increase of 60 cents.

For the high cost of college, what do students learn? A seminal study, "Academically Adrift," by Richard Arum and Josipa Roksa, after surveying 2,300 students at various colleges, argues that very little improvement in critical reasoning skills occurs in college. Adult literacy is falling among college graduates. Large proportions of college graduates do not know simple facts, such as the half-century in which the Civil War occurred. There are some exceptions to this academic incompetency, most notably in technical areas such as engineering, nursing, architecture and accounting, where colleges teach vocationally useful material. Vedder says that student ineptitude is not surprising since they spend little time in classrooms and studying. It's even less surprising when one considers student high school preparation. According to 2010 and 2013 NAEP test scores, only 37% of 12th-graders were proficient in reading, 25% in math, 12% in history, 20% in geography and 24% in civics.

What happens when many of these students graduate saddled with debt? The Federal Reserve Bank of New York, in an October 2018 report, finds that many students are underemployed, filling jobs that can be done with a high school education. More than one-third of currently working college graduates are in jobs that do not require a degree, such as flight attendants, janitors and salesmen. In addition to this kind of resource misallocation, 40% or more college students fail to graduate in six years. It is not unreasonable to ask whether college attendance was a wise use of these students' time and the resources of their parents and taxpayers.

Continued in article

Jensen Comment
My question is how is higher education, like health care, going to improve in quality when its free for everybody (presumably without admission standards).

Can a City’s Compassion Remedy Educational Inequity?
https://www.chronicle.com/article/Can-a-City-s-Compassion/236855?utm_source=at&utm_medium=en&cid=at


Annual Cost of Public Versus Private Colleges Since 1971 ---
https://247wallst.com/special-report/2019/05/14/cost-of-college-the-year-you-were-born-2/?utm_source=247WallStDailyNewsletter&utm_medium=email&utm_campaign=DailyNewsletter&utm_content=MAY152019a
Jensen Comment
The big complicating factor not accounted for in this study is distance education impacts on the costs of college credits and degrees. This especially complicates calculating room and board costs since millions of college students can now live at home
History of Distance Education ---
https://en.wikipedia.org/wiki/Distance_education

Another complicating factor is the rise in government support of low-income students coupled with the explosion of payment deferrals using student loans (currently over $1.5 trillion dollars).---
https://en.wikipedia.org/wiki/Pell_Grant
 


Cross Post: Ten Ethical Flaws in the Caster Semenya Decision on Intersex in Sport ---
http://blog.practicalethics.ox.ac.uk/2019/05/cross-post-ten-ethical-flaws-in-the-caster-semenya-decision-on-intersex-in-sport/

 


Are social media really bad for your children?
https://marginalrevolution.com/marginalrevolution/2019/05/are-social-media-really-bad-for-your-children.html
J
ensen Comment
Some of the comments following the article are absurd (unless the absurdity was intended as a joke)

 


Jensen Comment
Mega Universities have or are shooting for enrollments onsite and/or online of over 100,000 students. These include Liberty University, Western Governors University, Arizona State University, Purdue Global, and the University of Southern New Hampshire plus newer mega players on the scene like the University of Maryland Global ---
https://globalmedia.umuc.edu/2019/04/18/introducing-university-of-maryland-global-campus/

 

Other and sometimes older programs like Penn State Global have more modest enrollment goals, although virtually all online universities are trying to tap into the adult education market, especially workers who are increasingly getting tuition benefits from employers. Without saying so loudly, nearly all online programs are preparing for the tide of students who will one day get government "free" education funded by federal and state governments ---
https://www.chronicle.com/article/Why-an-Online-Education/246291?utm_source=at&utm_medium=en&cid=at

 

. . .

The (Penn State) World Campus was a pioneer of online education (actually, a pioneer in distance education altogether, considering that it used Rural Free Delivery to begin mailing correspondence courses to farmers in the late 1800s). My colleagues and I have been writing about this online arm of Penn State University for more than 20 years, dating to the days when the Sloan Foundation was awarding millions to it and other fledgling ventures that were developing asynchronous online learning. One of our latest longer pieces came out in 2014, when Renata Engel was named associate vice provost for online programs. She’s now vice provost.

Its name aside, World Campus draws relatively few international students. Only about 4 percent are overseas. It does have a national footprint, though; only about 29 percent of its graduate enrollment and 38 percent of its undergrads are in Pennsylvania. About 15 percent of students are also enrolled as residential Penn State students, either at the University Park campus, which I visited, or at one of the 20-plus other branches.

Two things really struck me in my conversation with Engel and the associate vice provost, Karen Pollack. One was World Campus’s apparent caution in offering new programs. It doesn’t start them until it and the relevant academic departments agree that requisite foundational courses also are available in an online format that satisfies the faculty. Pollack said the standard is: “Would you accept a graduate from this program into your doctoral program?”

Such decisions are easier to make when the online campus is considered an integral part of the overall institution. But caution runs both ways. I also heard privately from some faculty members who bristle that the marketing team at World Campus too often nixes ideas for new programs. Pollack acknowledged the hesitancy. “We’re not saying yes to as much,” she said, but attributed that to concerns about being able to compete and keep 160 existing programs up to date.

Engel’s nonchalance about about big-spending competitors also struck me. Over all, World Campus takes in about $170 million a year in revenue, so it won’t be matching Maryland on internet ads or on TV anytime soon, or probably never. Rather than expanding the top of the admissions funnel, Engel said, World Campus is focusing on improving its retention.

That begins with getting admitted students to actually attend; as many as 35 percent of admitted students never enroll. “Our transfer-credit process might be a barrier,” she said.

She also hopes to find more donor support to expand a pilot scholarship program designed specifically for World Campus adult students who come to college with little or no experience in higher education. Along with a $1,500-per-semester scholarship, the Smart Track to Success program provides students with a specially designed two-semester free course that includes faculty and peer mentoring and just-in-time skills tutoring to help students navigate their first year. It now serves about 70 students a year.

Penn State never formally called off that big enrollment goal from the early 2000s. Engel and Pollack both said they value it for the “ambition” it fueled, but it’s not really part of their day-to-day planning. Meanwhile, Engel said, easily 250 adults enrolled in Penn State right now could benefit from Smart Track to Success. No doubt, that’s one expansion she’d be happy to oversee.

From the mouths of adults: what colleges should keep in mind about adult students

The second highlight of my time at Penn State was hearing from the adult students who took part in a Hendrick Conference panel. For me and the 250 or so Penn State administrators and faculty members in the room, the comments were an important reminder of the challenges real people with real lives face when they decide to enroll in college later in their lives. Here’s how they described some of those challenges.

Costs. Michelle Stroud, a nurse pursuing her doctorate in the field at the World Campus and at Penn State at Altoona, said that without financial aid, she probably wouldn’t have returned to college. She thinks of every dollar she spends on tuition as money “I’m taking away from my family.”

The application process. Laura Ruane, an aspiring substance-abuse counselor attending the DuBois campus, recounted the anxiety she endured after noting on her application that she had a felony conviction in her past. It dated from the days before she got sober. “I had to say yes to a box” and just wait, she said. “I didn’t have a chance to talk to anybody about it.”

The disconnect with friends and family members. A 45-year-old student on the Altoona campus, America Rojas said her “parents couldn’t understand why I was going back to school.” They did eventually come around and are now her “best support system.” But Scott Carl Schival, a former Marine who treated his posttraumatic stress disorder with drugs and alcohol before getting sober and deciding to return to school after learning that his wife was pregnant, said he’d lost a few friends as he’s put more time into his English-major studies on the Wilkes-Barre campus. “They couldn’t accept the fact that I’m not available anymore.”

Continued in article

Universities Partnering With the Private Sector in Various Ways (Mega Universities, Employer-Subsidized Tuition, etc.) ---
https://www.chronicle.com/article/Why-an-Online-Education/246291?utm_source=at&utm_medium=en&cid=at

 


New Paths (Possibly)  to Full Professor ---
https://www.insidehighered.com/news/2019/05/14/worcester-polytechnic-institute-clarifies-promotion-process-full-professor-and?utm_source=Inside+Higher+Ed&utm_campaign=6e77cd2f03-DNU_2019_COPY_01&utm_medium=email&utm_term=0_1fcbc04421-6e77cd2f03-197565045&mc_cid=6e77cd2f03&mc_eid=1e78f7c952

About one-third of associate professors at research institutions are unclear about their departments’ performance standards for promotion to full professor. The same share are unclear about promotion criteria and timelines -- when should they apply?

One-third of these associate professors are unclear as to whether or not they’ll be promoted. And one-quarter haven’t received feedback as to their progress toward full professor one way or another.

That’s all according to the Collaborative on Academic Careers in Higher Education at Harvard University, which works with hundreds of institutions to improve faculty recruitment, development and retention. Faculty surveys are a big part of COACHE’s process. And when it helped Worcester Polytechnic Institute survey its faculty a few years back, associate professors there reported the same kind of confusion regarding promotion. (Tenure standards, by contrast, and consistent with national trends, were much more clear.)

Multiple Scholarships

So faculty members at the institute got to work to defog the promotion process and, in so doing, improve it. In the end, they decided it was all about scholarship -- defined five different ways. This is not just a synonym for traditional research. Each definition is a criterion for promotion to full professor, and professors who excel in some areas but not in others already have succeeded.

 

§  Scholarship of discovery -- creation of new knowledge, demonstrated in publications and presentations

§  Scholarship of integration -- interpretation and analysis of existing knowledge

§  Scholarship of application and practice -- application of knowledge to address important individual, institutional and societal problems

§  Scholarship of teaching and learning -- development and improvement of pedagogical practices that are shared with others

§  Scholarship of engagement -- collaborative partnerships with communities for the mutually beneficial exchange of knowledge and resources

 

Richard Vaz, professor of electrical and computer engineering and of interdisciplinary and global studies, and director of the institute’s Center for Project-Based Learning, relied on the new criteria for his recent promotion to full professor. He said that despite a long career on campus -- including 18 years spent as an associate dean and dean -- he’d never before been inclined to apply for full professor.

That’s partly because the previous criteria “made clear the need to demonstrate external impact through traditional forms of scholarship,” he said -- in his field, namely journal publications and grants.

Under the institute’s new matrix, this kind of traditional and traditionally rewarded scholarship is that of discovery.

Vaz’s contributions in administration, in the classroom and elsewhere, meanwhile, have taken different forms. So the new criteria -- which Vaz noted are by influenced by Ernest L. Boyer’s 1990 book Scholarship Reconsidered: Priorities of the Professoriate -- carved out a more obvious path to promotion for him.

Vaz, a 2016 recipient of the National Academy of Engineering’s Bernard M. Gordon Prize for Innovation in Engineering and Technology Education, described much of his own work as scholarship of integration, scholarship of application and scholarship of teaching and learning. (Vaz’s colleague Kristin Wobbe, associate dean for undergraduate studies and director of the institute’s Great Problems Seminars, also received the Gordon Prize in 2016 and was promoted to full professor this year.)

“The same could be said for many faculty, both at WPI and elsewhere, whose significant contributions might not take the form of the scholarship of discovery,” Vaz said.

Rethinking the ‘Triad’

Previously, promotion to full professor at the institute was based on the triad of teaching, research and service, with some kind of leadership or distinction in research or teaching. That's an approach commonly used for tenure. And as it does on so many other campuses, WPI’s process appeared to favor what Peter Hansen, professor of history and director of international and global studies, called “traditional publications and funded research.”

Hansen helped lead the criteria rewrite, which started with a deep dive into the COACHE data, starting in 2014. Even “a passing glance made clear that tenure reviews were much more trusted than promotion,” however, he said.

Those data led to a task force, which led to a framework that would have elevated service in that triad, he said. But the idea didn’t really take. So the promotion committee delved further into the existing research on promotion -- and into Boyer’s definitions of scholarship.

Hansen said Boyer’s original criteria number four: discovery, integration, teaching and application or engagement. While those last two are often “conflated,” he continued, the institution’s orientation toward the natural sciences, technology, engineering and math and project-based learning necessitates separating application and engagement.

“Engineering often involves the application of knowledge to important issues in ways that are different from our collaborative partnerships with communities and global projects programs,” he said, “which are themselves superb examples of the scholarship of engagement.”

The new criteria were approved in 2017. Hansen said the expanded definition of scholarship has since “elevated teaching” on campus “by better defining the pathways in which scholarly teaching becomes the scholarship of teaching and learning.”

Under the old promotion criteria, he said, that was unclear.

“If you were eligible, in theory, to be promoted based on leadership in teaching, what did that mean? What did it look like?”

When Teaching ‘Becomes Scholarship’

Now, Hansen said, teaching -- or any other criterion -- can become the basis for promotion when it “becomes scholarship.” That is, it must be “public, amenable to critical appraisal and in a form that permits exchange and use by other members of the scholarly community.” (He noted that this idea was adapted from the work of John M. Braxton, William Luckey and Patricia A. Helland, who in turn adapted other scholars in 2002’s Institutionalizing a Broader View of Scholarship Through Boyer's Four Domains.)

Continued in article

Jensen Comment
There's an added (but very difficult route) to proving scholarship --- running a blog. I'm not thinking about most blogs here. I'm thinking about an academic or professional blog where an associate professor demonstrates exceptional academic and/or professional scholarship in a blog of noted acclaim. Sometimes faculty can become more known for scholarship in their blogs than anywhere else. An example is the long-time acclaimed TaxProf blog ---
https://taxprof.typepad.com/
Paul Caron is now Dean of a prestigious law school, but this was not always the case as he built a reputation over the years in a popular blog as a scholar of tax law.

Blogs in some fields are now more important than journals in communicating scholarship and research, although more often than not these blogs are much more that the work of any single professor.
Think of what PhyOrg now has become to scientists ---
https://phys.org/
Academic associations that are not leaders (in one way or another) in blogging are letting their members down.

Academic departments of R1 universities that do not have at least one reputed blogger are not serving their disciplines as well as departments that have a reputable blogger or noted Website provider.

Before he died, Mike Kearl's Website (that was a lot like a blog due to almost daily updating) helped put the Sociology Department at Trinity University on the world map ---
http://faculty.trinity.edu/mkearl/
Mike demonstrated his scholarship more through his Website/blog than in the journals.


DOJ charges Chinese hacker for 'one of the worst data breaches in history' which took 79 million people’s personal data from Anthem health insurers ---
https://www.businessinsider.com/chinese-hacker-stole-data-78-million-anthem-doj-say-2019-5

Jensen Comment
The sad thing is that internal controls are too weak to prevent such data breaches.


A former FBI agent’s view on the recent Medicare fraud ---
https://blog.aicpa.org/2019/05/a-former-fbi-agents-view-on-the-recent-medicare-fraud-.html#sthash.zgIGsQFv.dpbs


An Assistant Professor of Information Technology, while working as an Uber driver, allegedly kidnapped two female passengers who escaped before he could commit worse crimes ---
https://www.businessinsider.com/uber-driver-in-pittsburgh-allegedly-tried-to-kidnap-two-female-riders-2019-5
His Penn State Web profile is at
https://news.psu.edu/expert/richard-lomotey


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

How Cryptocurrency Scams Work ---
https://theconversation.com/how-cryptocurrency-scams-work-114706
This is a non-technical overview for students, but real world scams can be much more complex


Commercial Products Invented by Military (sometimes in partnership with other sectors) ---
https://247wallst.com/special-report/2019/05/09/15-commercial-products-invented-by-the-military-4/?utm_source=247WallStDailyNewsletter&utm_medium=email&utm_campaign=DailyNewsletter&utm_content=MAY142019a

Jensen Comment
There were also military needs that inspired inventors. The military also "invented" specialized applications of prior inventions. Those applications then cycled into commercial products.


The University of Oxford introduced a rule in 2017 mandating that all professors retire before their 69th birthday.---
https://www.insidehighered.com/quicktakes/2019/05/13/too-old-be-poetry-professor-oxford?utm_source=Inside+Higher+Ed&utm_campaign=3fa610f662-DNU_2019_COPY_01&utm_medium=email&utm_term=0_1fcbc04421-3fa610f662-197565045&mc_cid=3fa610f662&mc_eid=1e78f7c952


Felecia Edna Taylor, 50, just threw away an astonishing 29-year career with the IRS after getting caught trying to hustle a taxpayer out of $5,000 ---
https://goingconcern.com/irs-agent-lady-allegedly-tries-and-fails-to-scam-unwitting-taxpayer-out-of-thousands/


Hong Kong’s markets are plagued by stock manipulation, share pledging, cross-ownership and margin lending. Regulators say they’re going to take action ---
https://www.bloomberg.com/news/features/2019-05-14/a-hong-kong-doctor-s-nefarious-network-sparks-market-inquiry?cmpid=BBD051519_BIZ&utm_medium=email&utm_source=newsletter&utm_term=190515&utm_campaign=bloombergdaily
Jensen Comment
Before China took control, Hong Kong was one of the most trusted Asian financial markets


How to Mislead With Statistics:  Error leads to recall of paper linking Jon Stewart and election results (the authors later apologized)  ---
http://retractionwatch.com/2019/05/14/this-is-how-science-works-error-leads-to-recall-of-paper-linking-jon-stewart-and-election-results/#more-92576

Jensen Comment
The authors' apologies for careless work summarize what happened. Interestingly, a number of readers got suspicious beforehand.


How to Mislead With Statistics
We find that having acne is strongly positively associated with overall grade point average in high school, grades in high school English, history, math, and science, and the completion of a college degree ---
https://www.journals.uchicago.edu/doi/abs/10.1086/701436

We use data from the National Longitudinal Study of Adolescent to Adult Health to investigate the association between having acne in middle to high school and subsequent educational and labor market outcomes. We find that having acne is strongly positively associated with overall grade point average in high school, grades in high school English, history, math, and science, and the completion of a college degree. We also find evidence that acne is associated with higher personal labor market earnings for women. We further explore a possible channel through which acne may affect education and earnings.

Jensen Comment
This study illustrates how difficult it is to distinguish missing variables issues from seemingly spurious correlations such as why human birth rates are correlated with numbers of stork nests ---
http://robertmatthews.org/wp-content/uploads/2016/03/RM-storks-paper.pdf

There could well be biological links between acne and scholastic or job performance based upon underlying biological reasons (think hormones) or sociological reasons (think compensating for ugly scars). I've never come across studies taking acne history  to such levels.

My point here is that spurious correlations vary in terms of possible yet unknown underlying causal links. It would seem that finding causal links between acne and success might be easier than finding causal links between human birth rates and numbers of stork nests.

How to mislead with statistics
Harvard Research: When Airbnb Listings in a City Increase, So Do Rent Prices ---
https://hbr.org/2019/04/research-when-airbnb-listings-in-a-city-increase-so-do-rent-prices?utm_medium=email&utm_source=newsletter_daily&utm_campaign=dailyalert_not_activesubs&referral=00563&deliveryName=DM34433

Jensen Comment
The article itself pretty well points out how this correlation can be misleading due to missing variables.


Amazon reveals it was a target of 'extensive' fraud affecting seller accounts ---
https://www.businessinsider.com/amazon-hit-by-fraud-uk-2018-2019-5


How to Mislead With Statistics
USA Counties:  Immigrant Population Growth Per 1,000 Residents
https://www.businessinsider.com/where-are-immigrants-moving-to-2019-5

Question
So why the supposed explosion of immigrants in such places as the northern border of North Dakota, parts of Wyoming, the western panhandle of north Texas, etc."

Answer
It's that denominator phenomenon. Just a few immigrants moving into a sparsely populated county of the USA can make it look like a population explosion.
Another possible explanation is that this map may be based upon only legal immigrants. They're almost insignificant compared to the illegal immigrants pouring into the USA these days --- over a million new folks crowding into the southern USA border.before heading for sanctuary cities rather than rural North Dakota.


Most Outrageous Product Claims of All-Time -
https://247wallst.com/special-report/2019/05/06/43-most-outrageous-product-claims-of-all-time-2/?utm_source=247WallStDailyNewsletter&utm_medium=email&utm_campaign=DailyNewsletter&utm_content=MAY082019a
Fake claims of science are common, but the criteria for ranking are dubious


Americans might love Cinco de Mayo, but few know what they're actually celebrating ---
https://www.businessinsider.com/few-americans-actually-know-what-theyre-celebrating-on-cinco-de-mayo-2019-5
My guess is that a lot of folks in San Antonio know what the celebration is all about.


Say What?  Kamala Harris promises free lifetime nursing home care and medications to any disabled person in the world who can get to the USA
https://www.businessinsider.com/kamala-harris-flip-flops-on-private-health-insurance-ban-2019-5
J
ensen Comment
Somebody should tell Sen. Harris we can save millions of trillions of dollars by sending the money to the home countries of disabled persons and save those disabled persons a long trip,


Say What?  Judy Woodruff on the PBS News Hour argues that to keep prices low in the USA we should export more jobs to low wage countries like China ---
https://www.pbs.org/newshour/show/why-the-teamsters-president-supports-trumps-new-tariffs
The problem for Judy is that she feels obligated to argue against Trump even when he's right about something.

Say What? Trump’s Tariffs Only Work If Americans Pay Them ---
http://nymag.com/intelligencer/2019/05/trumps-china-tariffs-only-work-if-americans-pay-them.html

Jensen Comment
Actually Trump's tariffs work better at hurting the Chinese economy if Americans don't pay them just like Chinese tariffs (think soybeans) hurt American farmers when the Chinese refuse to pay USA tariffs.

Demand Curve --- https://en.wikipedia.org/wiki/Demand_curve
Both nations are hurt badly with tariff walls. It hurts for Chinese to do without high quality soybeans from the USA. It hurts Americans to not have as much lithium coming from China for use in batteries.

The growing problem is that economic issues in trade talks are turning into face-saving politics where each nation is shooting itself in the foot with pride and politics.

Who Loses Most from the US-China Trade War ---
https://marginalrevolution.com/marginalrevolution/2019/05/who-loses-most-from-the-u-s-china-trade-war.html

Who's the Most Vulnerable in a Trade War? ---
https://www.econlib.org/who-is-most-vulnerable-in-a-trade-war/
The growing problem is that economic issues in trade talks are turning into face-saving politics where each nation is shooting itself in the foot with pride and politics.

How to Be Enlightened About the US-China Trade War:  Watch This PBS Video
China does not want a fair game in tariffs. The head of the Teamsters Union made it very clear to an obviously-disappointed Judy Woodruff on the PBS News Hour last night. Judy did not want to hear this ---
https://www.pbs.org/newshour/show/why-the-teamsters-president-supports-trumps-new-tariffs

In my opinion, the world benefits most with free trade (no tariffs except on strategic military products and services).


The Democratic Party will soon be writing a 2020 Election Platform. What I fear is that this platform will overlook the following question:
What will the Democratic Party do for pension savings?

Like it or not pension savings are very fragile for the USA's hundreds of millions of city workers, county workers, state workers, hotel workers, auto workers, teachers, college employees, and nearly all other workers in the public and private sectors.
The problem is that most every worker's pension savings balance is dependent upon capital market values (e.g., stock prices, bond prices, and real estate prices).

The 2020 Democratic Party Platform will likely propose new social spending programs for green initiatives, free medical care, free medications, student loan forgiveness followed by free college for everybody, guaranteed annual income for 350+ USA residents, reparations for African and Native Americans, and billions for new subsidized housing on top of existing safety nets such as food stamps and welfare and housing.

Taxes will have to be increased annually by trillions of dollars to pay for these new social programs.

Stock markets in the USA just reached all-time highs. The question is whether those increased trillions in taxes will crash the capital markets and, thereby, wipe out the pension savings of hundreds of millions or workers.

To date the Democratic Party is vague about how it will fund the trillions of dollars planned annually for new social programs.

How will pension savings be preserved when trillions in new taxes are proposed?

What will keep stock markets from crashing if you tax trillions from investors?

For example, will free college for students wipe out the pension savings of their parents in funds like CalPERS, CREF, Fidelity, Vanguard, etc.?

Progressives will counter that other nations manage to provide free college.

 In OECD nations (think Finland, Denmark, Germany, and Norway) that have free college or free job training, well over half of the Tier 2 graduates are not even allowed to go to college or receive free job training paid for by their governments. This makes "free college" or "free training" affordable by limiting it only to top graduates . . .
https://en.wikipedia.org/wiki/List_of_countries_by_tertiary_education_attainment
The Democratic Party's 2020 Platform will assuredly not limit the USA's free college to the very top high school graduates.

“You have to make decisions that you’re going to reach certain goals, and some of our goals we think are achievable
Nancy Pelosi

"Plan for the best, but prepare for the worst"
Bob Jensen's fortune cookie on April 30, 2019

Government Spending (as a percentage of GDP) on Colleges in the US Is Higher than in the Countries with "Free" College ---
https://mises.org/wire/government-spending-colleges-us-higher-countries-free-college


How to Mislead With Statistics
Do the Rich Get All the Gains from Economic Growth?
https://medium.com/@russroberts/do-the-rich-capture-all-the-gains-from-economic-growth-c96d93101f9c?sk=0e4f1f8aba0dcb0674bdf34af8b3ec08

Jensen Comment
This article pretty well explains how leading economists mislead for political purposes. It seems so obvious that in the USA virtually everybody has benefited from economic growth even if all have not shared anywhere near equally in the bounty of growth. Cubans, on the other hand, would have shared equally if there had been any significant economic growth.

Why did Cuba abandon its socialist/communist dream of equality for everybody?
The Guardian:  This was the egalitarian dream of Cuba in the 1960s: For years in Cuba, jobs as varied as farm workers and doctors only had a difference in their wages of the equivalent of a few US dollars a month.

https://www.theguardian.com/world/2008/jun/12/cuba 
Jensen Comment
Only now is Cuba backtracking from its egalitarian dream by uncapping wages and legalizing profits while liberals in the USA want to return again to the 1960s Cuban dream.


Countries With the Most Billionaires ---
https://www.businessinsider.com/where-do-billionaires-live-top-countries-ranked-2019-5#1-the-united-states-is-the-dominant-billionaire-country-15 
Note that these nations are vastly different in terms of population such as comparing China vs. the USA vs Germany

01 USA with 705
02 China with 285 excludes the 87 in Hong Kong)
03 Germany with 146
04 Russia with 102
05 United Kingdom 97
06 Switzerland 91
07 Hong Kong 87
08 India (82)
09 Saudi Arabia 57
10 France 55
10 United Arab Emirates
12 Brazil 49
13 Italy 47
14 Canada 45
15 Singapore 39

Relative to Population ---
https://www.businessinsider.com/countries-ranked-by-billionaires-in-proportion-to-population-2016-4#5-cyprus-11

01 Monaco
02 St Kitts and Nevis
03 Guernsey
04 Hong Kong
05 Cyprus
06 Switzerland
07 Singapore
08 Iceland
09 Sweden
10 Israel
11 Norway
12 Lebanon
13 United States
14 Kuwait
15 Taiwan


How to Mislead With Statistics
American Economic Review:  Who Pays for the Minimum Wage? ---
https://www.aeaweb.org/articles?id=10.1257/aer.20171445&&from=f

Jensen Comment
This is one of those studies with conclusions that are embedded in a whole lot of unmentioned caveats. For example:

Does Hungary have anything close to the $2 trillion underground economy that provides alternatives to the minimum wage for both employers and employees?

Are there enormous differences between industries such as restaurant workers versus landscape workers (in Texas there are probably more landscape workers working in the underground economy than the economy paying more and providing benefits)?

My own opinion is that having an enormous underground economy changes everything about minimum wage conclusions. Interestingly the underground economy may pay much more than minimum wage, especially when there are skills (think auto mechanics) or risks (think farm and yard chemicals) or enormous discomforts (think of working on a metal roof under Arizona's sun). But even when there relatively high wages there are seldom underground economy benefits like medical insurance and unemployment compensation and pension contributions.

Bob Jensen's threads on the underground economy ---
http://www.cs.trinity.edu/~rjensen/temp/TaxNoTax.htm#Poor


How to Mislead With Statistics
Gartner says 90% of blockchain-based supply chain projects are in trouble ---
https://modernconsensus.com/uncategorized/gartner-survey-blockchain-supply-chain-trouble/?utm_campaign=the_download.unpaid.engagement&utm_source=hs_email&utm_medium=email&utm_content=72468246&_hsenc=p2ANqtz-_TdgxzYGXpHXTd_resmlKeteK16nV8BTxj1BkkropYXNpAw2nVGt0W_Zne02cBoZYmiYilYeZRPQRiqu7ZpvkXCG2EfA&_hsmi=72468248

Jensen Comment
This is misleading in that "supply chain" is not adequately defined. The majority of blockchain applications to date center on bit coin or other cryptocurrencies, areas where fraud and hacking are enormous.

Even in other supply chain applications there are usually problems that arise whether or not blockchain is involved. These problems interact with blockchain applications such that it's difficult to totally blame blockchain applications for the troubles. For example, if Tesla (hypothetically) implemented a blockchain application in Tesla's supply chain this would not correct the chronic problem Tesla has with logistics such as taking weeks or months to supply parts to Tesla collision repair shops. This in turn is what makes it so expensive to insure a Tesla for collision. Think of having to provide rental cars for weeks or months while Tesla repair shops wait for back ordered parts (like damaged doors).

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

Fidelity Will Offer Cryptocurrency Trading Within a Few Weeks ---
https://www.bloomberg.com/news/articles/2019-05-06/fidelity-said-to-offer-cryptocurrency-trading-within-a-few-weeks?cmpid=BBD050619_BIZ&utm_medium=email&utm_source=newsletter&utm_term=190506&utm_campaign=bloombergdaily

Trading manipulation is rampant on certain cryptocurrency exchanges, according to researchers at several universities ---
https://www.bloomberg.com/news/articles/2019-04-15/-flash-boys-trading-bots-are-running-wild-on-crypto-exchanges?cmpid=BBD041519_BIZ&utm_medium=email&utm_source=newsletter&utm_term=190415&utm_campaign=bloombergdaily

Bitcoin rockets above $5,000 ---
https://markets.businessinsider.com/currencies/news/bitcoin-price-rockets-above-5000-2019-4-1028077970

Nearly 95% of all bitcoin trading is faked by unregulated exchanges ---
Click Here

Bitcoin: The New Swiss Banks ---
https://taxprof.typepad.com/taxprof_blog/2019/03/bitcoin-the-new-swiss-banks.html

10 Years After Bitcoin Began, are We Underestimating Crypto? ---
https://readwrite.com/2019/03/29/10-years-after-bitcoin-began-are-we-underestimating-crypto/

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

Future of fraud in a blockchain world ---
https://www.fraud-magazine.com/article.aspx?id=4295002445

Blockchain and Cryptocurrency/Initial Coin Offering (ICO) Fraud and SEC Whistleblower Program ---
https://www.zuckermanlaw.com/blockchain-fraud-sec-whistleblower-attorneys/

Bots exploiting blockchains for profit ---
https://techxplore.com/news/2019-04-bots-exploiting-blockchains-profit.html

Is Blockchain the Answer to Fraud Prevention? ---
https://www.comparethecloud.net/articles/blockchain-fraud-prevention/

Will Blockchain Make Auditors Obsolete?
by Eric E. Cohen
ThinkTWENTY20, Issue 1, 2019
---
 https://thinktwenty20.store/collections/all


A Brief History of Self-Destructing DVDs ---
http://nowiknow.com/a-brief-history-of-self-destructing-dvds/


Postmodernism --- https://en.wikipedia.org/wiki/Postmodernism
What the Theory?: Watch Short Introductions to Postmodernism, Semiotics, Phenomenology, Marxist Literary Criticism and More --
-
http://www.openculture.com/2019/05/what-the-theory.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29


The Atlantic:  Letting the Inmates Run the Asylum
Trying to get professors fired because you don’t like their views isn’t activism—it’s preening would-be totalitarianism ---
https://www.theatlantic.com/ideas/archive/2019/05/camille-paglia-protests-represent-dangerous-trend/588859/

When did college students get it into their head that they should be running the university? The distressing trend of students somehow thinking that they’re the teachers began in earnest in the 1960s, a time when at least some of the grievances of campus protesters—from racism and sexism to the possibility of being sent to die in Southeast Asia—made sense.

A more noxious version of this trend, however, is now in full swing, with students demanding a say in the hiring and firing of faculty whose views they merely happen not to like. This is a dangerous development—a triple threat to free speech, to the education of future citizens, and to the value of a college education.

It is no surprise to find Camille Paglia, a professor at Philadelphia’s University of the Arts who has been outraging people across the social and political spectrum for three decades, embroiled in one of these controversies. Paglia proposed to give a talk titled “Ambiguous Images: Sexual Duality and Sexual Multiplicity in Western Art.” According to a letter released by two student activists, “a gender non-binary creative writing major” had “brought this lecture to the student body’s attention through social media and raised their concerns to Title IX and other University administration about the school giving Camille a platform.” This led to a group of students demanding that Paglia (who self-identifies as transgender) be removed from the faculty “and replaced by a queer person of color.”

. . .

Meanwhile, a student group at Sarah Lawrence College that calls itself the Diaspora Coalition occupied some of the school’s offices—because of course they did—and demanded that the conservative professor Samuel Abrams, the author of an October New York Times op-ed criticizing diversity-related events at the school, have his tenure reviewed by a “panel of the Diaspora Coalition and at least three faculty members of color.”

This is inimical to the entire premise of tenure and academic freedom, but the students weren’t stopping there. They also demanded that “the College must issue a statement condemning the harm that Abrams has caused to the college community, specifically queer, Black, and female students, whilst apologizing for its refusal to protect marginalized students wounded by his op-ed and the ignorant dialogue that followed.” They demanded that Abrams issue “a public apology to the broader SLC community and cease to target Black people, queer people, and women.”

I am mildly impressed by any student group outside of the United Kingdom that tries to use whilst in a statement, but beyond that, this is the kind of demand that sounds like it could have come out of China during the Cultural Revolution—if Maoists had been as obsessed with race and sexuality as they were with class.

Continued in article

Jensen Comment
Will any "queer person of color" suffice? Activists don't seem to care about other credentials since liberal extremism, color, and sexual orientation trump all other criteria for campus activists.


Chevy's marketing chief explains how the automaker is playing the long game with electric cars ---
https://www.businessinsider.com/chevy-plays-long-game-with-electric-car-strategy-2019-5


Censorship Can't Be The Only Answer to Disinformation Online ---
https://www.eff.org/deeplinks/2019/05/censorship-cant-be-only-answer-disinformation-online


A 9-Year Quest for Carbon Neutrality Took Middlebury to Forests and a Dairy Farm ---
https://www.chronicle.com/interactives/20190503-campusspaces-02-carbon?utm_source=at&utm_medium=en&cid=at

Jensen Comment
Generating electricity from wood and bark chips is not exactly "carbon neutral." It would be more carbon neutral to use natural gas. Middlebury probably did not choose wind farms because Vermont became much less friendly toward wind farms.

Our regional hospital put in a wood chip power plant. Now when I sit in the cafeteria I can watch the plums of smoke coming out of the tall stacks.

Do you wonder why the Chronicle of Higher Education stopped accepting commentaries on most of its articles, especially those dealing with environment and diversity?


Is this good news or bad news?
Sixty-four percent of Iceland's students are women, the highest percentage of any European nation -
--
https://www.insidehighered.com/news/2019/05/03/icelands-universities-worry-about-small-numbers-male-students-they-attract?utm_source=Inside+Higher+Ed&utm_campaign=f3e733cb11-DNU_2019_COPY_01&utm_medium=email&utm_term=0_1fcbc04421-f3e733cb11-197603613&mc_cid=f3e733cb11&mc_eid=495c6bd417


The Graduate School of Management at the University of California, Davis, is launching a fully online MBA degree — the first in the 10-campus university ---
https://www.ucdavis.edu/news/uc-davis-graduate-school-management-offer-online-mba/

Distance Education Around the World ---
http://faculty.trinity.edu/rjensen/crossborder.htm

Can a Huge Online College Solve California’s Work-Force Problems?
https://www.chronicle.com/article/Can-a-Huge-Online-College/244054?cid=at&utm_source=at&utm_medium=en&elqTrackId=f80ba3e869f84decb4965e602626b579&elq=fe9f9bb29c1f407097558d58d6c15b2f&elqaid=19912&elqat=1&elqCampaignId=9243


A Stanford doctoral student uses psychology to help low-income Americans become smarter about money ---
https://www.gsb.stanford.edu/experience/news-history/wendy-de-la-rosa-phd-21-human-behavior-art-saving?utm_source=smartmail&utm_medium=email&utm_campaign=sm-26-apr-2019-5


Fidelity Will Offer Cryptocurrency Trading Within a Few Weeks ---
https://www.bloomberg.com/news/articles/2019-05-06/fidelity-said-to-offer-cryptocurrency-trading-within-a-few-weeks?cmpid=BBD050619_BIZ&utm_medium=email&utm_source=newsletter&utm_term=190506&utm_campaign=bloombergdaily


Why Mathematicians Are Hoarding This Special Type of Japanese Chalk ---
https://gizmodo.com/why-mathematicians-are-hoarding-this-special-type-of-ja-1711008881


Universities increasingly turn to graduate programs to balance their books ---
https://hechingerreport.org/universities-increasingly-turn-to-graduate-programs-to-balance-their-books/

. . .

As the number of undergraduates steadily declines in seeming direct proportion to rising costs, debt and the many other obstacles faced by college students, graduate enrollment is quietly on the upswing. It’s being driven by the better job prospects and higher salaries people think it will bring them — and by a conscious strategy among universities like this one to add graduate programs that produce much-needed revenue.

While undergraduates get much of the attention, students who pursued graduate and professional degrees now account for 40 percent of the notorious $1.5 trillion worth of outstanding national student loan debt, the College Board reports; each owes three times more, on average, than an undergraduate, according to the Urban Institute.

Ernesto Rivero, a second-year law student at St. Thomas University. “Nowadays everyone’s going to graduate school,” Rivero says. “That’s what they tell you to do.”

That’s in part because the net price, or the amount students actually pay after discounts and financial aid, has increased nearly twice as fast for graduate as for undergraduate programs in the 10 years ending in 2016.  “Graduate school is way more expensive than undergrad,” Rivero said. Tuition and fees at the law school at St. Thomas are $42,190 a year.

Graduate students can also borrow an unlimited amount toward their educations, unlike undergraduates, whose borrowing is capped. The federal government even charges higher interest rates for graduate than for undergraduate loans: 6.6 percent, compared to 5.05 percent for undergrads.

Related: Panicked universities in search of students are adding thousands of new majors

Yet the number of graduate students continues to grow, up 38 percent since 2000, much faster than the increase in the number of undergraduates during that time, according to the U.S. Department of Education. Undergraduate enrollment has, in fact, dropped by 7 percent since 2010 — for reasons that include not only cost and aversion to debt, but also a decline in the number of 18- to 24-year-olds and an improving job market — while the number of graduate students keeps on rising.

The number of master’s degrees alone that are being conferred by universities is up by 66 percent since 2000, and has tripled since 1970. Today, two master’s degrees are awarded for every five bachelor’s degrees, the Urban Institute calculates.

This despite the fact that only around half or fewer of people with graduate degrees think they were worth the cost, depending on the discipline, according to a Gallup poll. Fewer than one out of four law and business students and fewer than one in three other master’s recipients think their graduate educations prepared them for the workforce. Many say they got inadequate advising and support.

 Continued in article

Jensen Comment
In accountancy and some other disciplines its increasingly popular to help new employees pay down student loans. This has to be an incentive for some students to choose particular graduate majors. It's even more of an incentive to choose among competing job offers, although there are many other factors to consider when accepting a job offer.


The USA's Government Spending (as a percentage of GDP)  on Colleges in the US Is Higher than in the Countries with "Free" College ---
https://mises.org/wire/government-spending-colleges-us-higher-countries-free-college?utm_source=Mises+Institute+Subscriptions&utm_campaign=764f6a48d9-EMAIL_CAMPAIGN_9_21_2018_9_59_COPY_01&utm_medium=email&utm_term=0_8b52b2e1c0-764f6a48d9-228708937
Where does the USA rank Number 1?


Microsoft’s Edge Browser Keeps Getting More Interesting ---
https://www.howtogeek.com/413542/microsoft’s-edge-browser-keeps-getting-more-interesting/


NYT:  Algeria’s Turmoil Adds New Obstacle to Saving the Historic Casbah ---
https://www.nytimes.com/2019/05/05/world/africa/algeria-casbah-preservation-plan.html


Northeastern's B-School Partners With For-Profit ---
https://www.insidehighered.com/quicktakes/2019/05/07/northeasterns-b-school-partners-profit?utm_source=Inside+Higher+Ed&utm_campaign=a9b26a5e62-DNU_2019_COPY_01&utm_medium=email&utm_term=0_1fcbc04421-a9b26a5e62-197565045&mc_cid=a9b26a5e62&mc_eid=1e78f7c952

Universities Partnering With the Private Sector in Various Ways (Mega Universities, Employer-Subsidized Tuition, etc.) ---
http://faculty.trinity.edu/rjensen/HigherEdControversies.htm#Partnerships


The Indian School of Public Policy ---
https://marginalrevolution.com/marginalrevolution/2019/04/the-indian-school-of-public-policy.html


Business Insider:  We tried burgers from 2 companies that want to replace meat with veggie patties that 'bleed' — both were good but the winner is clear
https://www.businessinsider.com/veggie-burger-test-impossible-burger-vs-beyond-burger-2018-4

Beyond Meat soars 163% in its first day of trading ---
https://markets.businessinsider.com/news/stocks/beyond-meat-ipo-first-plant-based-burger-initial-public-offering-2019-5-1028162655

Jensen Question
Will McDonald's ever offer a veggie burger of any kind? Why the delay?
I'm looking forward to trying Burger King's new Impossible Whopper.


Is this ‘Common’ Language? Amherst College’s Misguided Guide ---
https://www.commonwealmagazine.org/common-language
Funny while intending to be serious


This Customer Should've Read Consumer Reports
A Chinese ride-hailing firm is demanding (with Times Square billboards) refunds from Tesla, saying 20% of the cars it purchased from the electric-car maker experienced mechanical problems ---
https://www.businessinsider.com/tesla-criticized-in-times-square-billboards-by-shenma-zhuanche-2019-4


Is Trump's intuition better than we think?
David Beckworth: The Fed's Inflation-Targeting Framework Has Forced Monetary Policy to be Too Tight for the Better Part of a Decade
https://www.nationalreview.com/2019/04/federal-reserve-monetary-policy-trump-administration/

President Donald Trump has the monetary-policy blues. The Federal Reserve’s four interest-rate hikes in 2018 apparently have him deeply worried that this tightening of monetary policy has weakened the economy. Hence in recent months, Trump has become an outspoken critic of the Fed.

The president’s instincts that something is wrong with Fed policy are actually on point, but he is just scratching the surface of a much deeper problem. The Fed’s current inflation-targeting framework has effectively forced monetary policy to be too tight not just during Trump’s presidency but for the better part of a decade.

Look first at the Fed’s failure to hit its own inflation target of 2 percent. The Fed officially began inflation targeting in 2012 but has been implicitly targeting 2 percent for several decades. The Fed’s preferred measure of inflation, however, has averaged about 1.5 percent since 2009. The persistence of below-target inflation means the price level has drifted far below where it was expected to be a decade ago.

Another measure of monetary policy, total dollar spending in the economy (or nominal GDP), tells an even grimmer story. This measure reveals that the Fed has effectively dialed back the growth of money spent over the past decade. Figure 1 shows that total dollar expenditures annually grew on average 5.6 percent in the period leading up to Great Recession. Since 2009, it has averaged only 3.6 percent per year.

Figure 1 also includes a forecast that suggests total dollar spending would have bounced back if the Fed had permitted it to, making up for the shortfall after the financial crisis. But alas, this makeup for past mistakes was not allowed.

By the inflation and nominal-GDP measures, then, the Fed has been too tight since 2009. President Trump’s monetary-policy blues are just a recent symptom of this tightness.

What explains this decade-long phenomenon is that the Fed has become a victim of its own success. Over time, the Fed has built up its inflation-fighting credibility, which, like a governor placed on a truck’s engine to control its speed, creates a powerful speed limit for the economy. That is, if the public expects the Fed to be vigilant in managing inflation, then inflation is unlikely to arise in the first place. Normally, this is a welcome development. There are occasions, however, when a speed limit on the economy can backfire.

Continued in article


Positive Economics and the F-Twist --- https://en.wikipedia.org/wiki/Essays_in_Positive_Economics

Economic Models vs. The Real World ---
https://mises.org/wire/economic-models-vs-real-world

. . .

The fact that people consciously pursue purposeful actions provides us with definite knowledge, which is always valid as far as human beings are concerned. This knowledge sets the base for a coherent framework that permits meaningful assessments of the state of an economy. In contrast, analysis that rely solely on statistical correlations is likely to be problematic. So-called pure statistical analysis can tell us very little about the essence of economic activity.

Fanciful Assumptions

Similarly, we must reject comments that are based on "purely" theoretical models, which derive their foundation from economists' imaginations that are detached from the facts of reality. A model, which is not derived from reality, cannot possibly explain the real world.

For example, in order to explain the economic crisis in Japan, the famous mainstream economist Paul Krugman employed a model that assumes that people are identical and live forever and that output is given. Whilst admitting that these assumptions are not realistic, Krugman nonetheless argued that somehow his model can be useful in offering solutions to the economic crisis in Japan.

Conclusion

To be applicable, an economic theory must emanate from the essence of what drives human conduct. The key factor here is purposeful action, and the knowledge that people pursue purposeful actions permits an analyst to make sense of economic data.

Jensen Comment
There's a huge difference between measurement errors versus missing variables. When a variable is included in a prediction model, measurement error can be judged according to robustness of the prediction to measurement error on that variable. Missing variables are usually much more troublesome because models cannot be improved by developing more accurate measuring instruments. There are of course exceptions, but these are few and far between for missing variables. Missing variables  are "missing" for many reasons such as being unknown or unmeasurable or impractical to include in a model. For example, the many (infinite?) physical and psychological factors that can affect performance of an athlete are often unknown or unmeasureable or impractical to include in performance prediction models. This is why athletic competitions are games of chance. Life is even more complicated when it comes to predicting the stock market or GDP.

Between measurement error and missing variables we have the problem of simplifying assumptions among included variables. For example, in multiple regression it's common to assume independence among predictor variables when in fact higher order interactions are usually present even if ignored due to complications these interactions present. Another simplifying assumption is to discard outliers among variables included in the model. Outliers are complicating factors in the real world that distort modelling outcomes.

The biggest problem in statistical analysis is the sampling from non-stationary processes that greatly complicate underlying statistical assumptions of stationarity. Recovering addicts do well if the world around then is a stationary process. However, unforeseeable events in the world around them may present hurdles that some (not all) cannot overcome relative to people without such addictions.

Bob Jensen's threads on the limits of analytical models built upon unrealistic assumptions
Mathmatical Analysis in Plato's Cave ---
http://faculty.trinity.edu/rjensen/TheoryTAR.htm#Analytics


Belt and Road --- https://en.wikipedia.org/wiki/Belt_and_Road_Initiative

I
s China's Belt and Road a big, dysfunctional mistake?
https://scholars-stage.blogspot.com/2019/05/the-utterly-dysfunctional-belt-and-road.html


An Absurd Essay on Why Books and Lectures Don't Work ---
https://andymatuschak.org/books/

Jensen Comment
First it's absurd to make universal claims that are obviously false. Books and lectures do work in schools. How well they work varies with a seemingly infinite variety of contexts. Not all books and lectures are alike. TED Talks are excellent examples of lectures. If you watched a large number of TED Talks you know that there are outstanding TED Talks and there are lousy TED Talks and critics vary when evaluating TED Talks ---
https://www.ted.com/talks
Is it the understatement of the world to say there are good books and lousy books?

Secondly there are the learning abilities and motivations of the learner. Countless studies show that good students adjust to and make the best of most any variation in pedagogy. Educators know this as the "No-Significant-Differences phenomenon ---
http://faculty.trinity.edu/rjensen/assess.htm#AssessmentIssues

Need I write more about this lousy essay. Simply look back at the many books and lectures in your own schooling. If you are like me, there are some courses (especially technical courses) where almost everything you learned was from the textbook. And there are some courses where you found the textbook to be a waste of time relative to other ways your learned in a course.

And what you got from lectures varies across the board. Sometimes you did not learn much in the way of technical details but were inspired in so many ways by some lectures, possibly even lectures that changed the course of your life. There are some lectures that made technical points you will never forget., points that would've been buried in footnotes of a textbook had they not been highlighted in the lectures.

No I don't need to write more on why absurd essays don't work.


How to Mislead with Missing Variables
Young People Support Free College ---

https://www.insidehighered.com/news/2019/05/03/poll-support-free-college-among-young-people?utm_source=Inside+Higher+Ed&utm_campaign=f3e733cb11-DNU_2019_COPY_01&utm_medium=email&utm_term=0_1fcbc04421-f3e733cb11-197565045&mc_cid=f3e733cb11&mc_eid=1e78f7c952

Jensen Comment
This is a perfect example of what we call missing variables analysis. Free college under Elizabeth Warren's plan will cost over a trillion dollars a year. Add this to the yearly trillions her other proposed programs will cost.  The 2020 Democratic Party Platform will likely propose new social spending programs for green initiatives, free medical care, free medications, student loan forgiveness followed by free college for everybody, guaranteed annual income for 350+ USA residents, reparations for African and Native Americans, and billions for new subsidized housing on top of existing safety nets such as food stamps and welfare and housing.

The missing variable when young people "support free college" is the capital market crash (think stock prices, bond prices, and real estate prices). New annual spending for the above social programs will entail trillions in annual taxation and most of those trillions will come out of the pockets of capital markets investors and corporate profits. It's a virtual certainty that stock markets will crash.

Now think of a young child of a university employee who's now enjoying reports of record high pension savings in CREF. The USA stock markets are currently at all-time highs. While that college employee's child is wishing for free college that same child is not considering what free college and the other spending programs mentioned will do to capital markets --- spending that will almost certainly wipe out the value of his or her parents' pension savings in TIAA/CREF.

Like it or not pension savings are very fragile for the USA's hundreds of millions of city workers, county workers, state workers, hotel workers, auto workers, teachers, college employees, and nearly all other workers in the public and private sectors.
The problem is that most every worker's pension savings balance is dependent upon capital market values (e.g., stock prices, bond prices, and real estate prices).

How will pension savings be preserved when trillions in new taxes are proposed?

What will keep stock markets from crashing at we tax capital market investors and corporate profits for trillions of more dollars each year?

For example, will free college for all USA students wipe out the pension savings of their parents in funds like CalPERS, CREF, Fidelity, Vanguard, etc.?

Progressives will counter that other nations manage to provide free college and still have pension savings.

 In OECD nations (think Finland, Denmark, Germany, and Norway) that have free college or free job training, well over half of the Tier 2 graduates are not even allowed to go to college or receive free job training paid for by their governments. This makes "free college" or "free training" affordable by limiting it only to top graduates . . .
https://en.wikipedia.org/wiki/List_of_countries_by_tertiary_education_attainment
The Democratic Party's 2020 Platform will assuredly not limit the USA's free college to the very top high school graduates.

“You have to make decisions that you’re going to reach certain goals, and some of our goals we think are achievable
Nancy Pelosi

"Plan for the best, but prepare for the worst"
Bob Jensen's fortune cookie on April 30, 2019 (my fortune cookie really did say that).


“How much math do I need to know to program?” Not That Much, Actually ---
https://inventwithpython.com/blog/2012/03/18/how-much-math-do-i-need-to-know-to-program-not-that-much-actually/

Coding Prodigies (think Age 5)  Who Wrote Successful Apps Before They Knew Much Arithmetic ---
https://www.mindmentorz.com/blog/2018/6/8/coding-prodigies-you-need-to-know-about-today

Jensen Comment
In my previous life I taught both FORTRAN and COBOl. You really didn't need much math to apply either of these to computer programming languages to real-world tasks. These coding languages are now obsolete (although there's still a job market for COBOL programmers). Personally I hated COBOL, but it had nothing whatsoever to do with mathematics. I did like FORTRAN, but this had nothing to do with my skills in mathematics. I don't think there were any five year old COBOL programmers --- mostly because five year olds don't have the language skills needed for COBOL.

Logic is probably more helpful for learning programming, and you don't need a whole lot of mathematics to take logic courses from a college's philosophy department. There are of course mathematical applications of logic, but logic has many applications outside the field of mathematics.

When you're writing code for a discipline (think an inventory system) it's important to understand that discipline. I think Jagdish claim that an understanding of mathematics is necessary to learn code is due to the fact that he's confining his applications of coding to mathematical problems. Five year olds are probably not going to code successful inventory systems --- not because they're unable to code. It's just that they're not yet able to comprehend the complicated aspects of real-world inventory systems.

But there are many coding applications outside the field of mathematics. There's some coding languages where math is more helpful than others such as the old coding language ALGOL ---
https://en.wikipedia.org/wiki/ALGOL

I think it's absurd to extrapolate the failure of one curriculum option in one nation and one point in time ---
https://www.forbes.com/sites/nickmorrison/2019/05/08/brave-new-world-of-computing-in-schools-turns-out-to-be-a-false-dawn/#27b14e44343d
This is not a false dream. It's just a lousy attempt that failed. One lousy recipe does not mean all recipes in the cookbook are going to be lousy.


Ten New Books to Read According to Amazon's Editors ---
https://www.businessinsider.com/amazon-best-books-may-2019

Bill Gates:  The Ten Best Books About Technology ---
https://www.businessinsider.com/bill-gates-reveals-his-favorite-books-2019-4


John Steinbeck’s Stunning, Sobering, Buoyant Nobel Prize Acceptance Speech ---
https://www.brainpickings.org/2019/04/29/john-steinbeck-nobel-speech/?mc_cid=311d75f6e1&mc_eid=4d2bd13843


Laundromat reading initiatives bring together books, bubbles ---
https://americanlibrariesmagazine.org/2019/05/01/front-loading-literacy-laundromat-storytime/


Academic Risk:  The Predatory Publisher ---
https://www.sciencemag.org/careers/2019/05/how-i-became-easy-prey-predatory-publisher
Beware of those glowing reviews

Current and past editions of my blog called Fraud Updates ---
http://faculty.trinity.edu/rjensen/FraudUpdates.htm

 


Video:  Boy Scouts Of America Release The Names Of Over 7600 Scout Leaders Who Violated Kids! ---
https://www.youtube.com/watch?v=kv4OrbsOOhI

ABC News:  More than 12,000 Boy Scout members were victims of sexual abuse (from 7,800+ pedophiles), expert says ---
https://abcnews.go.com/US/12000-boy-scout-members-victims-sexual-abuse-expert/story?id=62573567


Iowa University Scandal:  How sexism and machismo shaped a prestigious writing program ---
https://newrepublic.com/article/153487/sexism-machismo-iowa-writers-workshop


World's Fastest Bullet Train Starts High-Speed (249 mph) Tests in Japan ---
https://www.bloomberg.com/news/articles/2019-05-10/world-s-fastest-bullet-train-starts-high-speed-tests-in-japan?cmpid=BBD051019_BIZ&utm_medium=email&utm_source=newsletter&utm_term=190510&utm_campaign=bloombergdaily

Question
Why won't high speed electric (250+ mp)  locomotives replace 75+% of the domestic airplanes in the USA for the benefit of green initiatives?

Answers
Cost and Terrorist risk!
Japan is a small and densely populated nation. The USA has 350+ million residents spread across a much larger area of land. The cost of building high speed rail service to cover all of Japan is miniscule compared with the cost of building high speed rail service across all of America.

And there's enormous terror risk of becoming dependent upon high speed rail in the USA. Terrorists and dissidents can knock high speed rail out for months or years without killing a single person. All that has to happen is to fly explosive-laden drones under railway bridges throughout the rail system. Whereas damaged airports can be up and running in a matter of weeks, replacing a lot of railroad bridges can take years.

Such a dependency on rail service can also knock out the logistics of railway freight service as well as passenger service. It's much harder to knock out airline freight service.

And Japan has fewer violent enemies than the USA.


The University of Florida has fired a high-ranking student-affairs official and another resigned after they were connected to complaints about the misuse of public money.
https://www.gainesville.com/news/20190425/uf-shakes-up-student-affairs-leadership?cid=db


WSJ: IRS Payments To Tax Snitches Are Up 900% ---
https://taxprof.typepad.com/taxprof_blog/2019/04/wsj-irs-payments-to-tax-snitches-are-up-900.html


Democrats Running for President Are Staking Out Ground on Free College. Here’s Where They Stand ---
https://www.chronicle.com/article/Democrats-Running-for/246185?utm_source=at&utm_medium=en&cid=at

Jensen Comment
I repeat that in OECD nations (think Finland, Denmark, Germany, and Norway) that have free college or free job training, well over half of the Tier 2 graduates are not even allowed to go to college or receive free job training paid for by their governments. This makes "free college" or "free training" affordable by limiting it only to top graduates . . .
https://en.wikipedia.org/wiki/List_of_countries_by_tertiary_education_attainment
Job training is mostly provided in the private sector of these capitalist nations.

Most Democrats running for president in 2020 (including Joe Biden) want to make college education and job training free for 350+ million residents of the USA who choose to take advantage of free courses, including free learning materials (think textbooks and computers). The estimated cost is staggering, especially if you add in forgiveness of over $1.5 trillion in student debt. Costs are difficult to estimate at this point in time without more details as to the quality of the free education and training. If all flagship universities are included, the cost of adding capacity for onsite courses and labs to serve any and all applicants is staggering --- perhaps more than the current USA budget for everything else including defense, Social Security, Medicaid, and Medicare. The problem is compounded by over $100+ trillion for other proposed spending trillions annually for Green Initiatives, Medicare-for-All (including long-term care and free medications), a $25,000 pay raise for every teacher in the USA, guaranteed annual income for 350+ million residents of the USA, reparations for African and Native Americans, and greatly expanded subsidized housing.

Are these presidential candidates really serious or are they just trying to buy votes with promises that will destroy the economic engine of the USA and ruin all pension funds (think TIAA and CREF) along with killing existing stock, bond, and real estate markets?

I think Joe Biden should set himself apart by promoting realistic objectives that can be attained without destroying the USA economy. At this point in time, however, realistic objectives may ruin his chances for winning the nomination.

“You have to make decisions that you’re going to reach certain goals, and some of our goals we think are achievable
Nancy Pelosi (when criticizing Alexandria's Green New Deal and Basic (Guaranteed) Income and Medicare-for-All)
Click Here


Maine has become the the first state to ban Styrofoam containers for food and beverages ---
https://psmag.com/news/maine-is-the-first-state-to-ban-styrofoam?utm_source=Pacific+Standard&utm_campaign=e6e3817ed3-EMAIL_CAMPAIGN_2019_05_03_03_35&utm_medium=email&utm_term=0_a4fd1bcb7e-e6e3817ed3-80656397

Jensen Comment
I cannot envision missing Styrofoam beverage cups, although I sneakily use two paper cups at a time for hot beverages. But I do miss Styrofoam food containers at our regional hospital. Unbelievably our regional hospital has four-star restaurant food quality at very good prices. I bring home dinners from there at least twice a week due to pricing and food quality. But when the hospital stopped using Styrofoam takeout food containers I started having problems with leaky containers currently used by the hospital. Now I take my own containers from home and transfer the food before putting my takeout orders in the car. Thus I'm helping the environment by not using Styrofoam. However, it's awkward to take your own containers into all other restaurants just because you plan to take half your dinners home.

A bigger problem in my estimation is all the Styrofoam used by Amazon and other online companies to ship products to my home. I end up with a lot of Styrofoam that has to be passed on to local landfills. Seems like shippers could easily do away with Styrofoam packing material. I like the blow up "balloons" used by Amazon some of the time.

By the way Maine was also the first state require a serious return refund for bottles and cans. It worked in terms of cleaning up bottles and cans from roadways since serious money can be made by collecting throwaways from Maine roadways. Efforts did have to be made to stop bottles and cans from being trucked into Maine from nearby states like New Hampshire.


Seriously? Parents Come to Their Kids’ School Dressed Like This?
https://jborden.com/2019/04/25/seriously-parents-come-to-their-kids-school-dressed-like-this/


Sure, you could buy that book online for $15. But here’s what that book really costs us ---
https://www.chicagotribune.com/news/columnists/schmich/ct-met-mary-schmich-indie-bookstores-20190419-story.html

Danny Caine, who is 32, was sitting in the tiny office of his bookstore the other day when he heard a customer at the counter say something he hears a lot.

Listening to the clerk patiently try to answer the customer’s complaint, he stifled his reflexive frustration and decided to do something productive.

On the store’s Twitter account, he began to type: “Today a customer mentioned that she could get a new hardcover book online for $15.

Our mission is not to shame anyone for their shopping practices, but we do feel a responsibility to educate about what it means when a new hardcover is available for $15 online.”

He laid out some numbers.

“When we order direct from publishers, we get a wholesale discount of 46% off the cover price. The book in question had a cover price of $26.99, meaning our cost for that book from the publishers would be $14.57. If we sold it for $15, we’d make…43 cents.”

Tweet by tweet, he continued the math.

“We have 10,000 books in stock. If we sold every one of them with a 43 cent markup, we’d make enough to keep the store open for about six days.”

He also listed thoughts on how independent book stores strengthen communities. They create jobs and pay taxes. They offer author visits, open-mic nights, a place to hang out, store cats to pet and photograph, etc. He concluded:

“If you’ve ever wondered why it seems like ‘there are no bookstores anymore’ or why retail businesses keep closing in your downtown, this is it. A cheap book still has a high cost.”

Caine sent his words into the ether expecting they might be seen by a few of the 6,200 Twitter followers of The Raven Book Store in Lawrence, Kan. That was on Wednesday.

On Thursday morning he got up and checked his phone notifications.

Continued in article


Trivial Pursuit: The Shakespeare Edition Has Just Been Released: Answer 600 Questions Based on the Life & Works of William Shakespeare ---
http://www.openculture.com/2019/04/trivial-pursuit-the-shakespeare-edition-has-just-been-released.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29


Cross-Cultural Differences In Plagiarism In Law Schools And Legal Practice ---
https://taxprof.typepad.com/taxprof_blog/2019/04/cross-cultural-differences-in-plagiarism-in-law-schools-and-legal-practice.html


Do Minorities Pay More for Mortgages?

SSRN
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3352876
44 Pages Posted: 19 Apr 2019

Neil Bhutta

Board of Governors of the Federal Reserve System

Aurel Hizmo

Board of Governors of the Federal Reserve System

Date Written: March 14, 2019

Abstract

We test for discrimination against minority borrowers in the prices charged by mortgage lenders. We construct a unique dataset of federally-guaranteed loans where we observe all three dimensions of a mortgage’s price: the interest rate, discount points, and fees. While we find statistically significant gaps by race and ethnicity in interest rates, these gaps are exactly offset by differences in discount points. We trace out point-rate price schedules and show that minorities and whites face identical schedules, but sort to different locations on the schedule. Such sorting likely reflects differences in liquidity or preferences, rather than lender steering. Indeed, we also provide evidence that lenders generate the same expected revenue from minorities and whites. Finally, we find no differences in total fees by race or ethnicity.

Keywords: Discrimination, Fair Lending, Mortgage, Points, Interest Rate, FHA, Consumer Protection, High-Cost Mortgage

JEL Classification: G21, G28


Important Issues in Statistical Testing and Recommended Improvements in Research

April 27, 2019 Message from Tom Dyckman, Emeritus Accounting Professor from Cornell University

Caught by accident a video of the history of Persia on your blog. I think it was prepared by the National Historical Association. I watched it for the hour and then another on the a time-history of the world over the last 200,000 years. Both fascinating and well done. I now put away an hour each day for education via your blog. Thanks.

 

 

Enclosing my latest manuscript just accepted for publication in Econometrics. It deals with issues you have been interested in as well as I that address issues in statistical testing and accounting.

Have a great day. 

Tom

Econometrics Journal --- https://academic.oup.com/ectj

Jensen Comment
Although the article has not yet been published, here's the introduction:

 

Important Issues in Statistical Testing and Recommended Improvements in Accounting Research

    Thomas R. Dyckman, Cornell University

Stephen A. Zeff, Rice University

 

Synopsis:

A great deal of the accounting research published in recent years has involved statistical tests. Our paper proposes improvements to both the quality and execution of such research. We address the following limitations in current research that appear to us to be ignored or used inappropriately: (1) unaddressed situational effects resulting from model limitations and what has been referred to as “data carpentry,” (2) limitations and alternatives to winsorizing, (3) necessary improvements to relying on a study’s calculated “p-values” instead of on the economic or behavioral importance of the results, and (4) the information loss incurred by under-valuing what can and cannot be learned from replications.

Keywords: Model Specification, Model Testing, Reporting Results (p-values), Replications.

Introduction

As professors of accounting for nearly 60 years and past presidents of the American Accounting Association, we are concerned about the quality of statistical research in accounting. This article is a call to our accounting colleagues, and perhaps also to those in other fields, to invest substantial time and effort toward improving their requisite knowledge and skill when conducting the appropriate statistical analysis. Involving expert statisticians may be helpful, as we all need to recognize the limitations in our own knowledge in order to tap into this expertise. Our heightened interest in improvements to the quality of statistical analysis in accounting research was in response to attending research presentations and reading the current literature.

Several years ago, we suggested several improvements to statistical testing and reporting (Dyckman and Zeff 2014). In that paper, we reviewed the 66 articles involving statistical testing that accounted for 90 percent of the research papers published between September 2012 and May 2013 in The Accounting Review and the Journal of Accounting Research, two leading journals in the field of accounting. Of these 66 papers, 90 percent relied on regression analysis. Our paper examined ways of improving the statistical analysis and the need to report the economic importance of the results.

An extension of these concerns was included in a commissioned paper included in the 50th anniversary of Abacus (Dyckman and Zeff 2015). We acknowledge several accounting academics who are also concerned with these issues, including Ohlson (2018), Kim, Ji and Ahmed (2018), and Stone (2018), whose works we cite.

Concerns about statistical testing led to exploring the advantages of a Bayesian approach and abandoning null hypothesis tests (NHST) in favor of reporting confidence intervals. We also suggested the advantages – and limitations – of meta-analysis that would allow for the inclusion of replication studies in the assessment of evidence. This approach would replace the typical NHST process and its reliance on p-values (Dyckman 2016).

A fourth article which reviewed the first 30 years’ history of the research journal, Accounting Horizons, continued our concern with the current applications of statistical testing to accounting research. An additional aspect of this article was the attention we gave to accounting researchers’ seeming lack of interest in communicating with an audience of professionals beyond other like researchers, as if their only role as researchers was to enrich the research literature and not to contribute to the stock of accounting knowledge. We submit that accounting academics, because of the academic reward structure in their universities, tend to write for their peers. Accounting standard setters and accounting professionals, as well as those who make business and policy decisions, are all too often relegated to the sidelines. We argued that accounting research should, in the end, be relevant to important issues faced by accounting professionals, regulators and management, and that the research findings should be readable by individuals in this broader user community (Zeff and Dyckman 2018).

In the current paper, we expand on the statistical testing issues raised in our earlier papers, and we identify limitations often overlooked or ignored. Our experience suggests that many accounting professors, and perhaps those in other fields, are not familiar with, or equipped to, address them. We take up the following major topics: Model Specification and Data Carpentry, Testing the Model, Reporting Results, and Replication Studies, followed by A Critical Evaluation and A Way Forward.

Model Specification and Data Carpentry

The choice of a topic and related theory established the basis for the hypotheses to be examined and the concepts that will constitute the independent variables. Accounting investigations often rest only on a story rather than on a theory. A major problem here is that a story, but not theory, can be changed or modified, which encourages data mining (Black 1993, 73). Establishing the appropriate relationships require an understanding of the actual decision-making environment. These ingredients, along with the research team’s insights and abilities, are critical to designing the research testing program and the data collection and analysis process. Failure to take them into account in the data-selection decision process and analysis was discussed in detail in a recent paper by Gow, Larcker, and Reiss (2016). There, the authors provided a detailed example (pp. 502-514) of how the decision environment can reflect its own idiosyncratic differences that, in turn, influence the data. For example, even if the business context is essentially the same across companies, data limitations remain. First, the data will inevitably reflect different sets of decision makers and different organizations, different time periods, different information, and, at least, some differences in the definitions of the variables deemed to be relevant. The interactions between these variables, and with any relevant but excluded variables, will, as the authors showed, lead to questionable results. How the selected variables interact with each other – and with any excluded but relevant variables – depends on the nature of the contextual environment in which the relation arises. We note here that careful research designs up front can reduce interactions among the independent variables. Authors can and should describe the decision environment and differences, if any, that have a potential impact upon the analysis and conclusions. A thorough analysis and description of the decision environments is essential and endows additional credibility on the research.

Continued in article

 

April 28, 2019 reply from Ed Scribner

Bob,

 

 Maybe this paper by D&Z will advance the cause of publishing replications.

 

Ed

 

April 28, 2019 reply from Bob Jensen

Hi Ed,

More importantly the two major Dyckman and Zeff papers will (hopefully) advance academic research into the various ways to mislead with statistics, albeit the "misleading" is often done innocently (naively) rather than intentionally. Accountics scientists over the years grew lazy by buying data (think Compustat, CRSP, and AuditAnalytics) and feeding that data, sometimes unviewed, into off-the-shelf statistical inference programs (like stirring the stew and looking for lumps). 

It's really naïve to assume that replication is not needed when the data like Compustat data are purchased and, therefore, cannot be "fabricated" by the researchers. Even if we ignore errors in the purchased data, there are many other ways to lazily mislead using purchased data --- ways summarized broadly in this Dyckman and Zeff forthcoming 2019 econometrics paper. 

Whenever I was asked to referee papers using statistical inference my first suspicions were sample size and non-stationarity. Oddly enough, samples are often too large for statistical inference in accountics science. With very large samples, differences are often statistically significant but not substantively different. I recall pointing this out as an assigned discussant at a conference before Deirdre McCloskey started writing about this problem --- 
https://en.wikipedia.org/wiki/Deirdre_McCloskey 
Also see
ttp://www.cs.trinity.edu/~rjensen/temp/DeirdreMcCloskey/StatisticalSignificance01.htm
At the conference the author of the paper did not appear to understand this point that McCloskey latter became known for in economics.

An even bigger problem is nonstationary populations from which data is sampled --- 
https://en.wikipedia.org/wiki/Stationary_process 
The classic example here is the major problem with election polling. The famous statistician (at the time employed by the NYT) named Nate Silver predicted the day before the 2010 election (for Ted Kennedy's Senate seat) that Mass. Attorney General Martha Coakley would womp Republican Candidate Scott Brown. After Scott Brown became Senator Brown Nate Silver discovered belatedly that due to various reasons
a huge number of voters changed their minds on election day

Economic/financial data, like political poll data, are often sampled from non-stationary processes where non-stationarity is overlooked by accountics scientists. Dyckman and Zeff focused on this problem in their earlier (2014) paper. I think it's important to study their 2014 paper before digging into this subsequent 2019 paper.

Dyckman, T. R., and S. A. Zeff. 2014. Some methodological deficiencies in empirical research articles in accounting. Accounting Horizons 28 (3): 695-712.

Thanks,
Bob

April 28 reply from Paul Polinski

Bob: Here's a related column in the journal Nature's online site ---  https://www.nature.com/articles/d41586-019-01307-2
Paul

April 28, 2019 reply from Bob Jensen

Hi Paul,

What a great citation.

As a doctoral student at Stanford I was one of the luckiest doctoral students in the USA. The Graduate School of Business sent me to the School of Engineering to learn statistical inference as taught to engineers. Engineers are unique in that they are taught about "power" as the Type 2 error skipped over in nearly every discipline except engineering. Engineering is unique in that quality control is one of the only sampling population areas where "operating characteristic curves" can be generated for Type 2 error measurement ---
https://en.wikipedia.org/wiki/Total_operating_characteristic 

Is there any statistical inference study in accounting or social science (including economics or finance) that measured Type 2 error? The proletariat are destined to only study Type 1 error in statistical inference.

Thanks,
Bob

 

 


This Banking Fraud Shows How Shady China’s Economy Remains ---
https://foreignpolicy.com/2019/04/23/this-banking-fraud-shows-how-shady-chinas-economy-remains/


Norwegian fishermen seem to have discovered a Russian spy whale ---
Click Here


Why Haters Hate: Kierkegaard Explains the Psychology of Bullying and Online Trolling in 1847 ---
https://www.brainpickings.org/2014/10/13/kierkegaard-diary-bullying-trolling-haters/?mc_cid=c29a566d34&mc_eid=4d2bd13843


MIT:  Getting rid of air pollution might make droughts worse ---
Click Here 


NASA Says Metals Fraud Caused $700 Million Satellite Failure ---
Click Here


ottery Barn Rule --- https://en.wikipedia.org/wiki/Pottery_Barn_rule

A Pottery Barn Rule for Scientific Journals ---
https://thehardestscience.com/2012/09/27/a-pottery-barn-rule-for-scientific-journals/

Proposed: Once a journal has published a study, it becomes responsible for publishing direct replications of that study. Publication is subject to editorial review of technical merit but is not dependent on outcome. Replications shall be published as brief reports in an online supplement, linked from the electronic version of the original.

Another Journal Adopts the “Pottery Barn Rule” ---
https://replicationnetwork.com/2019/05/04/another-journal-adopts-the-pottery-barn-rule/

I suspect the AAA has not even considered a pottery barn rule for journals like The Accounting Review.

 




From the Scout Report on April 26, 2019

Sans Forgetica --- https://sansforgetica.rmit/
Students and learners who use typewritten notes may want to check out Sans Forgetica, a free "downloadable font that is scientifically designed to help you remember your study notes." Released in October 2018, Sans Forgetica was developed using a theory of cognitive psychology known as "desirable difficulty" to be just a little more difficult to read, the idea being that this "prompts your brain to engage in deeper processing." This font was created by an interdisciplinary team of psychology and design researchers (including the famous typographer Stephen Banham) at RMIT University in Melbourne, Australia. Here, visitors can see a demonstration of the font and watch three short videos explaining the science behind it and how it was made. Sans Forgetica can be downloaded as an OpenType font file for both Mac and PC computers, and a Chrome extension to convert in-browser text to Sans Forgetica is also available.


Mukurtu --- https://mukurtu.org/
 Mukurtu is a free content management system (CMS) that describes itself as "a grassroots project aiming to empower communities to manage, share, narrate, and exchange their digital heritage in culturally relevant and ethically-minded ways." This open-source platform was developed in conversation with indigenous communities, creating a tool that empowers communities to create digital archives that meet their cultural needs while also enabling them to share their culture online. Its core features include traditional knowledge labels, community records that "provide space for multiple cultural narratives," cultural protocols that allow indigenous communities "to determine fine-grained levels of access to [their] digital heritage materials based on [their] community needs and values," and a feature that lets users import and export items while preserving their metadata. Under the showcase tab, readers will find links to seven existing Mukurtu sites as examples of how this CMS can be implemented. Mukurtu is a Drupal-based CMS with an accompanying iOS mobile app allowing users to create and upload content on the go. Mukurtu is developed and maintained by the Center for Digital Scholarship and Curation at Washington State University, and it is supported by funding from the National Endowment for the Humanities and the Institute of Museum and Library Services, among others.


 


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


Education Tutorials

Mr. Rogers’ Nine Rules for Speaking to Children (1977) ---
http://www.openculture.com/2019/05/mr-rogers-nine-rules-for-speaking-to-children-1977.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

The Kid Should See This (child education videos) --- https://thekidshouldseethis.com/

ACL: Storytimes ---  www.bayviews.org/storytime

Latinxs in Kid Lit --- https://latinosinkidlit.com/

KidLit TV --- https://kidlit.tv/

The Children's Picture Book Project --- www.readwritethink.org/classroom-resources/lesson-plans/children-picture-book-project-1022.html

Seeing Students Learn Science --- www.nap.edu/catalog/23548/seeing-students-learn-science-integrating-assessment-and-instruction-in-the

City Nature Challenge --- http://citynaturechallenge.org/

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

NASA's Apollo 11 mission landed on the moon almost 50 years ago — here is every Apollo mission explained ---
https://www.businessinsider.com/every-nasa-apollo-mission-in-history-explained-2018-12

Hubble telescope astronomers created a stunning picture of the deep universe with 16 years' worth of photos ---
https://www.businessinsider.com/hubble-telescope-galaxies-photo-legacy-wide-field-deep-universe-2019-5

A 2nd repeating radio burst from the depths of space ---
https://earthsky.org/space/2nd-repeating-fast-radio-burst-chime

City Nature Challenge --- http://citynaturechallenge.org/

Thrive After Three (readings for children) --- https://thriveafterthree.com/

Seeing Students Learn Science --- www.nap.edu/catalog/23548/seeing-students-learn-science-integrating-assessment-and-instruction-in-the

Frederick Law Olmsted Papers (Landscape Architecture) --- www.loc.gov/collections/frederick-law-olmsted-papers

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 Tutorial

Increasing amounts of evidence from the US indicate that higher minimum wage levels lead to fewer jobs ---
https://wol.iza.org/articles/employment-effects-of-minimum-wages/long

Robert P. Murphy's Summary of Friedrich Hayek's Contributions and Views →
https://www.independent.org/news/article.asp?id=8762

PsyberGuide (mental health apps and neuroscience) --- https://psyberguide.org/

Asian/Pacific American Heritage Month --- https://asianpacificheritage.gov/

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


Law and Legal Studies

Bob Jensen's threads on law and legal studies are at
http://faculty.trinity.edu/rjensen/bookbob2.htm
Scroll down to Law


Math and Statistics Tutorials

Florence Nightingale was a pioneering statistician as well as a famous nurse ---
http://www-history.mcs.st-and.ac.uk/Biographies/Nightingale.html 

The British Library: Anglo-Saxons --- www.bl.uk/anglo-saxons

Bob Jensen's threads on free online mathematics tutorials are at
http://faculty.trinity.edu/rjensen/bookbob2.htm
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

An Animated Introduction to the World’s Five Major Religions: Hinduism, Judaism, Buddhism, Christianity & Islam ---
http://www.openculture.com/2019/05/an-animated-introduction-to-the-worlds-5-major-religions.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

A Complete Digitization of Leonardo Da Vinci’s Codex Atlanticus, the Largest Existing Collection of His Drawings & Writings ---
http://www.openculture.com/2019/05/a-complete-digitization-of-leonardo-da-vincis-codex-atlanticus.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

Paris, New York & Havana Come to Life in Colorized Films Shot Between 1890 and 1931 ---
http://www.openculture.com/2019/05/paris-new-york-havana-come-to-life.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

How a husband-and-wife team proved Leif Erikson beat Columbus to Norse America ---
https://aeon.co/videos/how-a-husband-and-wife-team-proved-leif-erikson-beat-columbus-to-norse-america?utm_source=Aeon+Newsletter&utm_campaign=8605811dde-EMAIL_CAMPAIGN_2019_05_09_05_59&utm_medium=email&utm_term=0_411a82e59d-8605811dde-68951505

Art Institute of Chicago: Shatter Rupture Break --- www.artic.edu/digital-catalogues/modern-series-shatter-rupture-break

The Shifting Power of the World’s Largest Cities Visualized Over 4,000 Years (2050 BC-2050 AD) ---
http://www.openculture.com/2019/05/shifting-power-of-the-worlds-largest-cities-visualized-over-4000-years.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

53 Years of Nuclear Testing in 14 Minutes: A Time Lapse Film by Japanese Artist Isao Hashimoto ---
http://www.openculture.com/2019/05/53-years-of-nuclear-testing-in-14-minutes-a-time-lapse.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

NASA's Apollo 11 mission landed on the moon almost 50 years ago — here is every Apollo mission explained ---
https://www.businessinsider.com/every-nasa-apollo-mission-in-history-explained-2018-12

The Last Duel Took Place in France in 1967, and It’s Caught on Film ---
http://www.openculture.com/2019/05/the-last-duel-took-place-in-france-in-1967-and-its-caught-on-film.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

Florence Nightingale was a pioneering statistician as well as a famous nurse ---
http://www-history.mcs.st-and.ac.uk/Biographies/Nightingale.html 

The Frans Hals Museum (art history) --- https://www.franshalsmuseum.nl/en/

Asian/Pacific American Heritage Month --- https://asianpacificheritage.gov/

Teaching with Historic Places: Iolani Palace --- www.nps.gov/subjects/teachingwithhistoricplaces/lesson-plan_iolani-palace.htm

Asian America: The Ken Fong Podcast --- http://asianamericapodcast.com/

The Japanese American Evacuation and Resettlement: A Digital Archive --- http://bancroft.berkeley.edu/collections/jacs/index.html

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

Google Translate mostly accurate in test with patient instructions ---
https://www.businessinsider.com/r-google-translate-mostly-accurate-in-test-with-patient-instructions-2019-2

Is this ‘Common’ Language? Amherst College’s Misguided Guide ---
https://www.commonwealmagazine.org/common-language
Funny without intending to be comedy

The Language and Writing System of MS408 (Voynich) Explained ---
https://www.tandfonline.com/doi/full/10.1080/02639904.2019.1599566

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


Music Tutorials

Bob Jensen's threads on free music tutorials are at
http://faculty.trinity.edu/rjensen/bookbob2.htm
Scroll down to Music

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


Writing Tutorials

The Language and Writing System of MS408 (Voynich) Explained ---
https://www.tandfonline.com/doi/full/10.1080/02639904.2019.1599566

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



Bob Jensen's threads on medicine ---
http://faculty.trinity.edu/rjensen/bookbob2-Part2.htm#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/

April 26, 2019

April 27, 2019

April 29, 2019

May 1, 2019

May 3, 2019

May 4, 2019

May 6, 2019

May 7, 2019

May 8, 2019

May 9, 2019

May 10, 2019

May 11, 2019

May 13, 2019

May 14, 2019

May 15, 2019

View All Health News


The 22 Ingredients of a Beyond (Meatless) Burger ---
https://www.businessinsider.com/what-is-in-beyond-meat-burger-2019-5
Jensen Comment
I think I'd rather have a Wopper


Medicaid Estate Recovery Programs ---
https://www.medicaidplanningassistance.org/can-medicaid-take-my-home

 


Humor for May 2019

My birthday was on April 30. One of our sons said that I'm 50 plus shipping and handling ---
Bob Jensen

Video of a Job Interview With a Millennial (it's best to watch this one before 8:00 am) ---
https://static.uglyhedgehog.com/upload/2018/3/3/369873-the_generation_gap.mp4
Thank you Denny Beresford for the heads up --- the actors are very good in this clip

After-tax season accounting humor ---
https://www.accountingweb.com/community/blogs/craig-smalley/a-little-after-tax-season-humor?source=050119

These Thieves Are the Butt of a Lot of Jokes ---
https://jborden.com/2019/04/26/these-thieves-are-the-butt-of-a-lot-of-jokes/

Walmart employees share the wildest returns they've ever seen ---
https://www.businessinsider.com/walmart-returns-policy-employee-stories-2019-4

A Houston high school has implemented a dress code -- for parents
https://www.cnn.com/2019/04/24/us/houston-high-school-dress-code-trnd/index.html


Hannah Gadsby: Three ideas. Three contradictions. Or not ---
https://www.ted.com/talks/hannah_gadsby_three_ideas_three_contradictions_or_not?utm_source=newsletter_weekly_2019-05-04&utm_campaign=newsletter_weekly&utm_medium=email&utm_content=talk_of_the_week_image


Forwarded by Paula

These are from a book called Disorder in the Courts and are things people actually said in court, word for word, taken down and published by court reporters that had the torment of staying calm while the exchanges were taking place.

 ATTORNEY: What was the first thing your husband said to you that morning?
WITNESS: He said, 'Where am I, Cathy?'
ATTORNEY: And why did that upset you?
WITNESS: My name is Susan!
_______________________________
ATTORNEY: What gear were you in at the moment of the impact?
WITNESS: Gucci sweats and Reeboks.
____________________________________________
ATTORNEY: Are you sexually active?
WITNESS: No, I just lie there.
____________________________________________
ATTORNEY: What is your date of birth?
WITNESS: July 18th.
ATTORNEY: What year?
WITNESS: Every year.
_____________________________________
ATTORNEY: How old is your son, the one living with you?
WITNESS: Thirty-eight or thirty-five, I can't remember which.
ATTORNEY: How long has he lived with you?
WITNESS: Forty-five years.
_________________________________
ATTORNEY: This myasthenia gravis, does it affect your memory at all?
WITNESS: Yes.
ATTORNEY: And in what ways does it affect your memory?
WITNESS: I forget.
ATTORNEY: You forget? Can you give us an example of something you forgot?
___________________________________________
ATTORNEY: Now doctor, isn't it true that when a person dies in his sleep, he doesn't know about it until the next morning?
WITNESS: Did you actually pass the bar exam?
____________________________________
ATTORNEY: The youngest son, the 20-year-old, how old is he?
WITNESS: He's 20, much like your IQ.
___________________________________________
ATTORNEY: Were you present when your picture was taken?
WITNESS: Are you shitting me?
_________________________________________
ATTORNEY: So the date of conception (of the baby) was August 8th?
WITNESS: Yes.
ATTORNEY: And what were you doing at that time?
WITNESS: Getting laid
____________________________________________
ATTORNEY: She had three children, right?
WITNESS: Yes.
ATTORNEY: How many were boys?
WITNESS: None.
ATTORNEY: Were there any girls?
WITNESS: Your Honor, I think I need a different attorney. Can I get a new attorney?
____________________________________________
ATTORNEY: How was your first marriage terminated?
WITNESS: By death.
ATTORNEY: And by whose death was it terminated?
WITNESS: Take a guess.
___________________________________________
ATTORNEY: Can you describe the individual?
WITNESS: He was about medium height and had a beard
ATTORNEY: Was this a male or a female?
WITNESS: Unless the Circus was in town I'm going with male.
_____________________________________
ATTORNEY: Is your appearance here this morning pursuant to a deposition notice which I sent to your attorney?
WITNESS: No, this is how I dress when I go to work.
______________________________________
ATTORNEY: Doctor, how many of your autopsies have you performed on dead people?
WITNESS: All of them. The live ones put up too much of a fight.
_________________________________________
ATTORNEY: ALL your responses MUST be oral, OK? What school did you go to?
WITNESS: Oral...
_________________________________________
ATTORNEY: Do you recall the time that you examined the body?
WITNESS: The autopsy started around 8:30 PM
ATTORNEY: And Mr. Denton was dead at the time?
WITNESS: If not, he was by the time I finished.
____________________________________________
ATTORNEY: Are you qualified to give a urine sample?
WITNESS: Are you qualified to ask that question?
______________________________________
ATTORNEY: Doctor, before you performed the autopsy, did you check for a pulse?
WITNESS: No.
ATTORNEY: Did you check for blood pressure?
WITNESS: No.
ATTORNEY: Did you check for breathing?
WITNESS: No.
ATTORNEY: So, then it is possible that the patient was alive when you began the autopsy?
WITNESS: No.
ATTORNEY: How can you be so sure, Doctor?
WITNESS: Because his brain was sitting on my desk in a jar.
ATTORNEY: I see, but could the patient have still been alive, nevertheless?
WITNESS: Yes, it is possible that he could have been alive and practicing law.

 




Humor April 2019--- http://faculty.trinity.edu/rjensen/book19q2.htm#Humor0419.htm 

Humor March 2019--- http://faculty.trinity.edu/rjensen/book19q1.htm#Humor0319.htm

Humor February 2019--- http://faculty.trinity.edu/rjensen/book19q1.htm#Humor0219.htm 

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
http://faculty.trinity.edu/rjensen/Pictures.htm

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 ---
http://faculty.trinity.edu/rjensen/TheoryTAR.htm

The Cult of Statistical Significance: How Standard Error Costs Us Jobs, Justice, and Lives ---
http://www.cs.trinity.edu/~rjensen/temp/DeirdreMcCloskey/StatisticalSignificance01.htm

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"
http://www.cs.trinity.edu/~rjensen/temp/AccounticsDamn.htm
One more mission in what's left of my life will be to try to change this
http://www.cs.trinity.edu/~rjensen/temp/AccounticsDamn.htm 

What went wrong in accounting/accountics research?  ---
http://faculty.trinity.edu/rjensen/theory01.htm#WhatWentWrong

The Sad State of Accountancy Doctoral Programs That Do Not Appeal to Most Accountants ---
http://faculty.trinity.edu/rjensen/theory01.htm#DoctoralPrograms

AN ANALYSIS OF THE EVOLUTION OF RESEARCH CONTRIBUTIONS BY THE ACCOUNTING REVIEW: 1926-2005 ---
http://faculty.trinity.edu/rjensen/395wpTAR/Web/TAR395wp.htm#_msocom_1

Bob Jensen's threads on accounting theory ---
http://faculty.trinity.edu/rjensen/theory01.htm

Tom Lehrer on Mathematical Models and Statistics ---
http://www.youtube.com/watch?v=gfZWyUXn3So

Systemic problems of accountancy (especially the vegetable nutrition paradox) that probably will never be solved ---
http://faculty.trinity.edu/rjensen/FraudConclusion.htm#BadNews

 

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
http://faculty.trinity.edu/rjensen/ElectronicLiterature.htm#Textbooks

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 ---
http://faculty.trinity.edu/rjensen/AccountingNews.htm

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 ---
http://faculty.trinity.edu/rjensen/AccountingNews.htm

 

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
FINANCIAL REPORTING PORTAL
www.financialexecutives.org/blog

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

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.

Jim Counts CPA.CITP CTFA
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 ---
http://www.accounting.rutgers.edu/raw/aah/

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 ---
http://faculty.trinity.edu/rjensen/FraudRotten.htm#DerivativesFrauds

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 ---
http://faculty.trinity.edu/rjensen/threads.htm

More of Bob Jensen's Pictures and Stories
http://faculty.trinity.edu/rjensen/Pictures.htm

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