Tidbits on November 14 2019
Bob Jensen at Trinity University

Set 2 of Wes Lavin's 2019 Autumn Foliage ---


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

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

My Latest Web Document
Over 400 Examples of Critical Thinking and Illustrations of How to Mislead With Statistics --

Excellent, Cross-Disciplinary Overview of Scientific Reproducibility in the Stanford Encyclopedia of Philosophy ---
[Researchers] are rewarded for being productive rather than being right, for building ever upward instead of checking the foundations.---
Decades of early research on the genetics of depression were built on nonexistent foundations. How did that happen?

Bob Jensen:  My take on research validation or lack thereof is at

Tom Lehrer on Mathematical Models and Statistics ---
You must watch this to the ending to appreciate it.

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

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

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

More of Bob Jensen's Pictures and Stories

Updates from WebMD --- Click Here

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

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

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

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

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

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

In September 2017 the USA National Debt exceeded $20 trillion for the first time ---

Human Population Over Time on Earth ---

Online Video, Slide Shows, and Audio

The Difference Between the United Kingdom, Great Britain and England Explained ---
Especially note the video links at the end of the article

The Entire History of the British Isles Animated: 42,000 BCE to Today ---

The chairman and CEO of JPMorgan Chase tells Lesley Stahl he’s optimistic about the economy and explains why he’s not running for president ---
Jensen Comment
The best part of the interview is when he summarizes what JPMoorgan Chase did to help Detroit recover from bankruptcy.

The Sunset Hill House Hotel (near our cottage) ---
Watch the video

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 

The Internet Archive Is Digitizing & Preserving Over 100,000 Vinyl Records: Hear 750 Full Albums Now ---

Watch the Opening of Kubrick’s 2001: A Space Odyssey with the Original, Unused Score ---

The Virtual Choir: Watch a Choir Conductor Digitally Unite 3500 Singers from Around the World ---

Watch J.S. Bach’s “Air on the G String” Played on the Actual Instruments from His Time ---

What Guitars Were Like 400 Years Ago: An Introduction to the 9 String Baroque Guitar ---

Dolly Parton, Emmylou Harris and Linda Ronstadt - Trio, 3 songs live on The Tonight Show (1987) ---

Cartoon Theme Songs ---

Bob Jensen's Links to Free Music

Photographs and Art

How Monument Valley Became the Most Iconic Landscape of the American West ---

Behold Félix Nadar’s Pioneering Photographs of the Paris Catacombs (1861) ---

The Jupiter Chronicles --- https://www.wired.com/story/space-photos-of-the-week-the-jupiter-chronicles/

Moon Walks for Space Rocks --- https://www.wired.com/story/space-photos-of-the-week-lunar-walks-moon-rocks/

The 10 fighters that changed aerial combat forever ---

21 stunning photos from the night the Berlin Wall came tumbling down 30 years ago ---
Also see

A Nice Boat for Your Next Fishing Trip ---

Bob Jensen's threads on art history ---

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

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

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

Literary Hub: Book Marks --- https://bookmarks.reviews/

Poetry in Science --- http://poetry.nautil.us/

Maya Angelou’s Stunning Humanist Poem That Flew to Space, Inspired by Carl Sagan ---

Anne Frank’s Diary: The Graphic Novel Adaptation ---

In a 1997 review for the New York Observer, the recently kinged David Foster Wallace diagnosed how far Updike had fallen in the esteem of a younger generation ---

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 November 14, 2019

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

To Whom Does the USA Federal Government Owe Money (the booked obligation of $19+ trillion) ---
The US Debt Clock in Real Time --- http://www.usdebtclock.org/ 
Remember the Jane Fonda Movie called "Rollover" --- https://en.wikipedia.org/wiki/Rollover_(film)

To Whom Does the USA Federal Government Owe Money (the unbooked obligation of $100 trillion and unknown more in contracted entitlements) ---
The biggest worry of the entitlements obligations is enormous obligation for the future under the Medicare and Medicaid programs that are now deemed totally unsustainable ---

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

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

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

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

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

From Inside Higher Ed and Oracle:  Compilation of Student Success (Free Download)

Few issues are more important to colleges – all types of colleges – than student success. And increasingly, colleges realize that.

The articles in this compilation feature colleges that are changing requirements – and colleges that are putting more resources in front of students. Students need both approaches. The articles included feature success stories and the-jury-is-still-out stories. But there is much to learn.

Inside Higher Ed will continue to cover these issues. We welcome your comments and your ideas for future coverage.


Jensen Comment
My download was a 31 page document that I'm just starting to go through. It does not appear to have any exhibits or data tables. Nor does it have either a table of contents or an index. It does not have a summary.

This appears to be a collection of news articles poorly organized, although I will not judge the articles themselves until I've read more of them. My expectation is disappointment with this document, although it's links to studies may prove helpful.

At first blush it appears to be a document wanting to get students to complete college degrees without much effort to justify why this is so important relative to changing times such as what's on the horizon regarding the merger of education with training for certificates of accomplishment (badges) in lieu of diplomas to hang on a wall.

Before reading the above article you may want to take a look at

Seattle Schools Propose To Teach That Math Education Is Racist—Will California Be Far Behind?

Jensen Comment
Are you doing very young students a favor by watering down math requirements?
Is calling math racist an insult to minorities, the implication being that they are really not equal?

The methodology does not generate the results’: Journal corrects accounting study with flawed methods ---

What a difference a Yi,t=β0+β1IOˆi,t+β2Xi,t+ωt+εi,t.Yi,t=β0+β1IO^i,t+β2Xi,t+ωt+εi,t. makes.

The authors of a 2016 paper on institutional investing have corrected their article — to include the equation above — in the wake of persistent questions about their methodology. The move follows the protracted retraction earlier this year of a similar article in The Accounting Review by the duo, Andrew Bird and Stephen Karolyi, of Carnegie Mellon University in Pittsburgh, for related problems.

The bottom line, it seems, is that Bird and Karolyi appear to be unable adequately to explain their research methods in ways that stand up to scrutiny. 

The correction involves a paper published in The Review of Financial Studies, from Oxford University Press, titled “Do institutional investors demand public disclosure. According to the statement (the meat of which is behind a paywall):

. . .

Alex Young, an accounting researcher at Hofstra University in Hempstead, NY, who raised questions about Karolyi and Bird’s retracted article and ultimately failed to replicate it, was not one of the readers who raised concerns about the other article. But, he told us: 

I would be very interested to see the authors’ data and code that  generate the results presented in the paper.

Jensen Comment
Because accounting researchers rarely conduct replications and the few replications that are attempted are almost never published, it's refreshing to see that Professor Young attempted this replication.

574 Shields Against Validity Challenges in Plato's Cave ---

University of Pennsylvania's Wharton School:  Is There a Replication Crisis in Research?

Richard Feynman Creates a Simple Method for Telling Science From Pseudoscience (1966) ---
By Feynman's standard standard accountics science is pseudoscience

Deirdre McCloskey:  Reflections on My Decision to Change Gender

Deirdre is the most famous transgender economics professor in the world and stands out among transgendered academics of all disciplines. She's best known as an economic historian, but her writings and speaking engagements cover a wide range of specialties.

I met her live when she was a plenary speaker at an American Accounting Association annual meeting. I had the honor of being one of the discussants of her speech. I was also delighted to have breakfast with her prior to the session. She was introduced at the session as a:
"literary, quantitative, postmodern, free-market, progressive Episcopalian, Midwestern woman from Boston who was once a man. Not 'conservative'! I'm a Christian libertarian."
Some of her books are listed at

Her speech that day was in the area of Cliometrics ---

 2012 AAA Meeting Plenary Speakers and Response Panel Videos  (Washington DC, August 6, 2012)  ---
 I think you have to be a an AAA member and log into the AAA Commons to view these videos.
 Bob Jensen follows another discussant, Cornell's Rob Bloomfield, in the Follow-up Panel Video ---

Deirdre is a prolific scholar who is also a woman of remarkable courage. For example, if I had her stammer I would probably never agree to speak in public, especially in front of very large audiences. This affliction does not inhibit Deirdre in the least, and after she commences to speak this stammer becomes less and less distracting even if it is a bit time consuming.

She's a role model for both transgendered scholars and scholars in general. Her prolific writings are amazing amidst all her other professional obligations.

You can read more about Deirdre at https://en.wikipedia.org/wiki/Deirdre_McCloskey

The Myth of the Nazi War Machine ---

Women Scientists Launch a Database Featuring the Work of 9,000 Women Working in the Sciences --- 

The Encyclopedia of Women Philosophers: A New Web Site Presents the Contributions of Women Philosophers, from Ancient to Modern ---

Things to Know Before You Become a Landlord --- https://www.businessinsider.com/things-i-wish-id-know-before-becoming-a-landlord

Jensen Comment
I have a friend who has over 20 rental properties. He claims they would be losers if he did not have the carpentry, plumbing, and electrical skills to do a lot of repairs himself.

Skilled labor is getting expensive. Due to my wife's health we have an elevator in our house that gets serviced once every two years. The service technician now bills out at $100 per hour, and our plumber charges almost that much if you add in the trip fee.

We're really going to miss econometrics blogger David Giles ---
Thank you David for sharing your exceptional expertise over the years

Exploring Wealth Inequality:  Poverty Matters, Not Wealth Inequality ---
In the U.K. why did the Labour Goverment abandon the wealth tax in the 1970s?

Does Theranos Mark the Peak of the Silicon Valley Bubble?

Recommended Biography
Walter Raleigh: Architect of Empire ---

Recommended Economic History Lectures
J. Bradford DeLong --- https://en.wikipedia.org/wiki/J._Bradford_DeLong
Smith, Marx, Keynes: A View of the History of Economic Thought (UNFINISHED) ---

Recommended Biography
Can't Is Not an Option: My American Story

Recommended Book on the Presidency:  When the Commander and Chief Stands Alone
With All Due Respect: Defending America with Grit and Grace

Recommended Memoir
No Higher Honor: A Memoir of My Years in Washington

NYT: Inside Football’s Campaign to Save the Game ---

Thirty years after publication, a paper cited by creationists is retracted ---

Stanford professor who changed America with just one study was also a liar (cherry picking study outcomes) ---

Dean Foods, America’s biggest milk producer, files for bankruptcy ---

Keep Your Online Deliveries Safe from Porch Pirates with the Danby Parcel Guard ---

What to Do if Your Windows 10 Keyboard or Mouse Aren’t Working ---

Jensen Comment
My mouse is connected to an external USB replication device. Twice recently the USB device has not been working. Oddly when I pull the device's power cord, wait 15 seconds, and plug it back in the mouse commences to work. I also keep new devices on hand.

The scary part is what the above article says about malware that may be trying to encrypt your files.

How to Mislead With Statistics

Return on Students' Investments (in college degrees) Varies Over Time (think 10 versus 40 years out) ---

Jensen Comment
Actually ROI in a college education varies over a lot of other things. In fairness this article points out some of the limitations of its ROI calculations in this article.

Let's consider some other ways to be mislead.
Firstly, there's a problem regarding which degree? A student who majors in history as an undergraduate is likely to have a different ROI if an investment is also made in a law degree or a MBA. Majoring in biology alone is not the same as also becoming a MD later on.

Secondly, when dealing with means there's a huge problem with impact of distribution skewness and outliers. Also I think that For example, college graduates are more likely to have outliers on the high end of salary than workers who did not go to college. These outliers pull up the mean beyond what can be expected for the truly "average" college graduates. The distributions are also impacted by parents who drop out of the job market to raise children.

Thirdly, and most importantly, perhaps college graduates "on average" are more likely to make higher incomes in life. First their parents who helped fund their college might have been otherwise able to fund them in businesses. Second if they're motivated to succeed in college and have the mental skills to do so they're more apt to make more money than students who did not go to college.

My point is that it's misleading to read the conclusions of this study and conclude that college graduation causes higher higher incomes in life. Although in some cases that's obvious for some types of graduates such as doctors and lawyers that must graduate from college to become licensed professionals, it's also not obvious in most instances when there are so many other interactive factors affecting lifetime incomes.

Why do students choose accounting?

Jensen Comment
My parents pointed out that, not only was medical school too expensive, that the life of a physician is not all that great even if the pay is relatively high in most communities. My summer cruise on a battleship convinced me that I did not want to make a 20-30 year career in  the Navy.  I was as Iowa State University at the time and wandered over to the Placement Service office when I was a sophomore. It became obvious that the most-wanted graduates were accountants.

What's more interesting is why I became an accounting professor. I was both working as a CPA for a Big Eight accounting firm and getting an MBA degree in Denver. I discovered that the tax season for accounts coincided with ski season. Then I took a serious look at the life of my accounting professors. It seemed like they only worked 12 hours a week for full pay --- which would be great for a ski bum and cowboy wannabe.  As luck would have it I got a full-ride (tuition, room, board, books, etc.) deal to  to study for a Ph.D. in accounting at Stanford University.

After six years at Stanford I was on my way to becoming a ski bum and/or cowboy.

Sadly after I took my first full-time faculty job at Michigan State University I discovered that faculty worked 60+ hours a week and could not possibly be ski bums or cowboys with tenure.

I never looked back
I'm grateful after 40 years, as a professor in four universities,  for having discovered the best career I can imagine for more pay than I deserved, intellectual challenges, time independence, lots of world travel, great colleagues, and self actualization.

It was also a great era for having picked accounting as a discipline rather than most other disciplines in academe, because accounting professors in the USA were in very short supply relative to demand in those years.

Added Comment
Why do students choose to major in accounting in 2019?
There are more complicated reasons than existed in the 1960s. These days some students prefer careers in accounting because, if you work it right, you can do part or even almost all of your work from your house, especially in the child raising years. This is true for small firms that do a lot of tax returns and for big international auditing firms that can often accommodate work-at-home requests.

Students who study career choices discover that accounting graduates can get great training and loan repayment help from big firms on their first jobs while opportunities to work for clients on better terms arise along the way. Most accounting graduates who commence working for the Big Eight accounting firms don't intend to stay with those firms beyond 5-10 years.

Accounting is one of the better tracks to executive-level promotions. It is often said that:  Accounting is the language of business.

If you don't like where you're stuck in one accounting career track there are many alternative tracks for accountants. The FBI now hires more experienced accountants than lawyers to combat white-collar crime. There are all sorts of alternatives for accountants who also pick up computer and networking skills.

The big money for really good accountants is in consulting.

And if you want that overpaid 12-hour work week there are thousands of job openings in colleges for those 200 or so new accounting Ph.Ds every year.

Rape-Prevention Scholar Who ‘Celebrated #MeToo’ Is Accused of Sexual Assault and Harassment ---

. . .

“I was not about to take a class about victimization with someone who sexually assaulted me,” O’Callaghan, a criminology graduate student who’s focusing her dissertation on rape survivors’ experiences, said in an interview with The Chronicle.

O’Callaghan has accused Schewe, an associate professor of criminology whose research specialty is sexual-assault prevention, of assaulting her in November 2017. She did not file a complaint with the university’s Title IX office until the following August, however, after she realized he’d be teaching the course.

Schewe has vigorously denied that claim, and Title IX investigators exonerated him after concluding that O’Callaghan’s most serious accusation — that Schewe undressed her and started to perform oral sex on her when she was too drunk to consent — could not be substantiated.

Now O’Callaghan is pursuing the case through another avenue. She and five current and former graduate students joined in September to file a federal civil-rights and Title IX lawsuit against Schewe, the university, and its Title IX investigators. The women are among the many students who, buoyed by the #MeToo movement, have accused their professors of misconduct in recent years. But for the women in this case, as criminology scholars, joining the discourse on exposing once-overlooked misbehavior is more than personal.

Schewe, who is in his early 50s and has worked in the field for more than a quarter-century, regards the implications of the movement differently now that he stands accused.

Continued in article

Jensen Comment
I've no idea about the legitimacy of these accusations and cannot comment on this particular case. However, this is an illustration where moral hazard can arise, especially when there are deep pockets for lawsuits.

Moral Hazard --- https://en.wikipedia.org/wiki/Moral_hazard

Moral hazard is especially a problem when an organization with deep pockets (e.g., employer or insurance company) can be included in the lawsuit with the possibility of enormous punitive damages. One of the more common examples is when Homeowner X owns property in a location where nothing is selling (such a a defunct mill town where nearly all the houses are empty). Fire insurance becomes a moral hazard since about the only way to recover anything on an abandoned home is to commit arson and possibly discard an unwanted spouse the same time.

During the Savings and Loan Crisis in the 1980s while I was living in San Antonio a number of "executives" lost their jobs and could no longer make the loan payments on their expensive cars. The San Antonio Express News reported a number of instances where keys were left in those cars to make it easier for them to disappear into Mexico while the owners were filling out insurance claims for stolen cars. Also there were some suspicious fires where unemployed homeowners could no longer make their mortgage payments.

My favorite example is where a person with chronic spine trouble opens a soap bottle and dumps some on a floor of a Walmart store. After discarding the bottle in another location that person returns to the soap spot, falls down gently, and then screams out in agony. All the lawyers in the store come running to help.

This is a True Story
A student reported a sexual assault against a non-tenured faculty member at a university that was not my employer. That faculty member was forced to resign and could've had his entire career derailed had my university not given him a second chance. After all this transpired the student belatedly admitted that she made up the story to retaliate for a bad grade. This is an instance where a false accusation turned into success for my own university, because that professor arguably became the most popular and respected faculty member on campus. Believe me when I say he's an outstanding scholar and teacher.

The Truth About Teacher Pay ---

Ten Things Emma Thompson Cannot Live Without ---

How to Mislead With Statistics

Excerpts taken from the article:  “A Famous Study Found That Blind Auditions Reduced Sexism in the Orchestra. Or Did It?” ---

The Feds Spend More on National-Debt Interest Than You Think ---

Wichita State University's Faculty Senate thinks less is more when it comes to gen ed ---

Tulsa Trustees Override Faculty to Uphold Academic-Restructuring Plan With Sweeping Cuts ---

U. of Tulsa Has a Billion-Dollar Endowment for Just 4,000 Students. Why Is It Cutting Programs?

A plan for “reimagining” the University of Tulsa that administrators rolled out last week is elaborate enough that the website describing it includes multiple infographics, videos, and a link to a frequently-asked questions page ---

But for many observers, the main takeaway was pretty simple: Tulsa is cutting dozens of programs. The cuts include majors, minors, and graduate offerings across the institution, but much of the resulting outcry has centered on undergraduate programs in the liberal arts.

“For too long, we have tried to be everything to everyone,” said Janet K. Levit, provost and executive vice president for academic affairs, in remarks delivered to faculty and staff members and published on the university’s website.

Here’s how the university is defining itself now: “a high-touch undergraduate institution that provides all students with a firm grounding in critical and creative thinking, and that is STEM-heavy with a professional, practical focus.”

To that end, the restructuring enrolls new students in a University Studies program before they select their majors. It shifts departments into interdisciplinary divisions in its arts-and-sciences college. And it creates what it’s calling a “Professional Super College” combining business, health sciences, and law.

Restructuring programs and cutting majors are common moves for colleges looking to shore up the bottom line. But to some observers, the move was surprising at a private university that has a billion-dollar endowment to support some 4,000 students. Why is Tulsa making these changes, and what might its plan signal about higher education’s evolving identity and economics?

Role of the Liberal Arts

Tulsa is cutting graduate degrees in physics and chemistry, all of its theater degrees, and some business programs. But the cuts in its liberal-arts program, including the elimination of majors in philosophy and religion, have gotten the most attention.

Laura Stevens, an associate professor of English, tweeted that she is collecting material to “create an archive of testimonials from current TU students and alumni about the role the Liberal Arts have played in their education, career, life…” Matthew Dean Hindman, an assistant professor of political science, described in a Twitter thread the university’s actions as a “cartoonishly bad plan to eviscerate the liberal arts.”

Continued in article

Especially note the programs being eliminated (shown in gray) ---

Jensen Comment
I've really not studied this issue in depth for all disciplines, but it would seem that for a relatively small (4,000 student) university there are a large number of degree programs and specialty courses. It's not surprising to me that the proposed cuts in the business school are planned.

How to Remember What You Read ---

Jensen Comment
What I remember most about what I've read is what I've written down while reading. In virtually every book or journal article I've read (as opposed to skimmed) I take notes in the margins or at the end (inside the book covers) or on paper that I insert into my copy of the item.

Of course in my three blogs and in my huge Websites I've commented a lot about what've I've read. This is better, because I can use search engines (memory aids) to find my comments. Yes I even use Google, Yahoo, and Duck Duck to search for my own comments.

Hermann Weyl born in Hamburg, Germany. He wrote, "One may say that mathematics talks about the things which are of no concern to men. Mathematics has the inhuman quality of starlight---brilliant, sharp, but cold ... thus we are clearest where knowledge matters least: in mathematics, especially number theory." ---
Also see Mathematical Analytics in Plato's Cave

Robert Shiller --- https://en.wikipedia.org/wiki/Robert_J._Shiller

Yale:  Robert Shiller on the power of narratives ---

Jensen Comment
Among the most prestigious academic accounting journals narratives have been virtually abandoned in favor of equations.

Hermann Weyl born in Hamburg, Germany. He wrote, "One may say that mathematics talks about the things which are of no concern to men. Mathematics has the inhuman quality of starlight---brilliant, sharp, but cold ... thus we are clearest where knowledge matters least: in mathematics, especially number theory." ---
Also see Mathematical Analytics in Plato's Cave

Robert Shiller --- https://en.wikipedia.org/wiki/Robert_J._Shiller

Yale:  Robert Shiller on the power of narratives ---

Jensen Comment
Among the most prestigious academic accounting journals narratives have been virtually abandoned in favor of equations.

Former Jets great Mark Gastineau reveals he was repeatedly raped as a child  ---

Why do some other nations have more mini recessions than the USA?
Stall speed and mini-recessions ---


Over the past few years, I’ve done a number of posts discussing the mystery of “mini-recessions”. The mystery is the complete lack of mini-recessions in the US. After all, mini-earthquakes are much more common that big earthquakes, so why isn’t the same true of recessions? Why is it that when the unemployment rate jumps by more than a very small amount, it eventually rises by more than 2%. Why not increase by 1%, or 1.5%?

As far as I know, none of the major macro theories can explain the absence of mini-recessions. Indeed I have trouble even getting people interested in the topic.

And then there’s the mystery of why other countries do have mini-recessions.

Continued in article

Professors' Slow, Steady Acceptance Of Online Learning ---

"Purdue’s Purchase of Kaplan Is a Big Bet — and a Sign of the Times," by Goldie Blumenstyk, Chronicle of Higher Education, April 28, 2017 ---

We are all potential victims of the con artist ---

Jensen Comment
By now we're all skeptical of pitches via telephone, television, mailings of all kinds (including email), etc.  But sometimes it takes more evidence to not be conned by people you know. We have a son that lost quite a lot of money investing in a scheme promoted by one of the pillars in his church.

In Maine we had a circle of couples that met almost weekly for dinners, card parties, etc. One of the regulars was an insurance agent who connected some of our friends (not us) to respected casualty insurance companies (think State Farm). After several years it was discovered that he was collecting the premiums paid by our friends without ever really getting them into casualty contracts with the insurance companies. In other words he was skimming off their payments. If they had a minor accident he paid the claim out of his own pocket. But when somebody had a major claim his entire fraud unraveled.

My point here is that your closest friends or trusted colleagues or members of your church/community cannot always be trusted. It pays to be skeptical with everybody, including members of your family. It's not paranoia, It's good business sense.

Remember the Warning:  If it sounds too good to be true it probably is!

How to Mislead With Statistics

Here's what (non-medical) college professors get paid at the 50 best public universities in America

Jensen Comment
These "averages" are misleading because of the usual suspects such as lack of information regarding distributions, standard deviations, outliers, and demographic factors such as living costs and taxation. And there are huge variations by discipline. A very highly paid scientist for example is an outlier that distorts the mean average and fails to account for the fact that that scientist may bring in far more revenue to the university than the university is paying her/him in salary and other expenses.

UCLA and UC Berkeley pay quite well, but housing prices are enormous compared to lower paying Miami University at Oxford and Binghamston University - SUNY. Universities in New York and California get hammered with income taxes and other taxes relative to universities in Florida, Texas, and Delaware.

Some universities in this listing avoid high cost academic programs such as business and law where top faculty are very expensive. An example is the University of California at Merced that has no  business or law schools. Universities that pay high salaries for business and law professors come out ahead if those programs are cash cows for those universities (think UCLA, Michigan, and UC Berkeley).

My main point is that paying very high salaries is not necessarily a bad thing when the programs with highly paid professors are cash cows that support programs not bringing in much money to a university.

How to Mislead With Data Visualizations

Even the most beautiful maps can be misleading ---

From reporting election results to issuing weather forecasts, maps offer a powerful, accessible and visually appealing way to convey complex information. But as a researcher focusing on data visualisation, I'm aware that even the most beautiful maps can introduce some degree of misrepresentation.

To see how, consider the latest statistics on deprivation released by the UK government. The government ranked 32,844 neighbourhoods, based on measures of deprivation such as income, employment, health and crime. The figures were widely reported, from the BBC to The Guardian and the Daily Mail, reigniting long-standing debates about persistent inequality in England.

Of course, many outlets used maps to share these findings with the public. But using traditional boundaries can divert readers' attention away from important information. In the BBC's map of deprivation across local authorities, for instance, sparsely populated rural areas dominate a disproportionately large area, while urban areas, such as London, containing millions of people, are rendered almost invisible.

Distorted data

Recent research shows that people can interpret information inaccurately, when they look at maps with these shortcomings. But other techniques can be used to create a more accurate impression of the underlying data. For instance, cartograms deliberately distort geography by scaling areas according to a specific variable, such as local population.

Dorling cartograms take this one step further, scaling areas according to a specified variable, but also representing each area using the same shape, such as a square or a circle. Other methods achieve uniformity in both size and shape: hexograms and geogrids transform the original boundaries of the map into hexagons or squares of the same size, while still aiming to preserve their original arrangement.

Mapping neighbourhood deprivation in England represents a significant challenge, even for experts. This is because the government defines a neighbourhood as a "lower super output area" – each of which contains around 1,500 residents.

Because highly deprived neighbourhoods tend to be densely populated, they are less visible on a regular map. By contrast, wealthier suburban areas—which are often less densely populated and therefore much larger—dominate the map. So there's a risk that readers might draw inaccurate conclusions about the level of deprivation in any given area.

Shaping up

Using Dorling cartograms scaled by resident population, and regular hexagonal geogrids, I've attempted to minimise any misrepresentation. Take the example of Blackpool, which was ranked the most deprived local authority in England. Around 42% of neighbourhoods in Blackpool are in the top 10% most deprived in England (the "first decile"). Yet these neighbourhoods only make up around 29% of the city's actual area.

Continued in article

Bob Jensen's threads on visualization of multivariate data ---

Whistleblower Joseph Thomas just earned $33.8 million in a $112.5 million settlement with Duke University. Here’s his story ---

Former athletes at Villanova University accused the National Collegiate Athletic Association in a lawsuit of violating minimum-wage laws by refusing to pay athletes; the suit seeks class-action status. (The New York Times) ---

. . .

The suit would cover all student athletes at Division I schools, regardless of what sport they play or whether they are on scholarship. It is not seeking any type of pay scale — only that the minimum wage in each state be applied.

“This is not about being paid hundreds of thousands of dollars, and we are not limiting this case only to the select few athletes that can receive endorsement deals,” Johnson, 25, who is on the practice squad of the Winnipeg Blue Bombers, said in a statement. “We are simply asking the N.C.A.A. to pay its student athletes the basic minimum wage as required by federal law. They pay the students who tear the tickets and sell popcorn at our games. The least that the N.C.A.A. can do for those who bring so much money to the N.C.A.A. and its schools would be to pay them the minimum wage.”

Continued in article

Jensen Comment
I don't think the lawsuit is asking for back pay. That could aggregate to billions of dollars and force the NCAA into bankruptcy such that most former athletes would get nothing even if the lawsuit succeeded.

This most likely is an attempt to force Division 1 schools (that already provide athletic scholarships) to pay future wages for all college athletes currently enrolled. The impact of a successful lawsuit would probably change Division 1 athletics. The thought is that these athletes are bringing in billions of revenue universities, but the reality is that only a small number of Division 1 athletes (think football and basketball) are really bringing in serious revenue to only selected schools. It's virtually impossible for accountants to measure the incremental revenue beyond what alumni are giving to their alma maters apart from athletics. The fact is that in many universities the revenues from football and basketball are covering expenses for the other sports like rowing, volleyball, and wrestling. Many sports will be dropped if their student athletes must be paid wages.

I expect that many Division 1 schools required to pay player salaries would opt out of Division 1, thereby limiting opportunities for all campus athletes to even get athletic scholarships in those schools. For example, a condition of being in NCAA Division 3 is that there are no athletic scholarships.

Student workers on campus do get paid hourly wages. However, they are often doing jobs (think of replacing library books to the stacks or running photocopy machines)  that would otherwise have to be paid for even if the duties were not performed by students. Also there are no added support expenses for student workers such as airline fares, meals, and hotel room charges that must be paid for student athletes that are not paid for in addition to wages paid to student workers on campus.

Dropping most sports on a campus most likely would save expenses. I do admit that dropping sports may also have a negative impact on revenue. I always remember having a conversation at the  University of Missouri one morning with the parents of a Trinity University chemistry major and soccer player. Both parents were professors at Missouri who  took me to breakfast before I was scheduled to make a presentation on campus. I asked them why their very sought after high SAT daughter chose Trinity over some of the Ivy League schools where she'd also been accepted to study chemistry? They said that the opportunity to play varsity soccer at Trinity tipped the scales in favor of Trinity even though Trinity University is only a Division 3 NCAA university.

Without an opportunity to play varsity soccer Trinity probably would've lost this chemistry scholar to an Ivy League university. As a NCAA Division 3 university Trinity cannot give athletic scholarships. Apparently this student was not quite good enough at soccer to play in the Ivy League where there are soccer scholarships.

Former Accountant Becomes Well Heeled ---
Twin Cities Startup Shooli Brings Shoe Repair To Your Doorstep ---

Intelligence and educational achievement ---

This 5-year prospective longitudinal study of 70,000 + English children examined the association between psychometric intelligence at age 11 years and educational achievement in national examinations in 25 academic subjects at age 16. The correlation between a latent intelligence trait (Spearman's g froK=12m CAT2E) and a latent trait of educational achievement (GCSE scores) was 0.81. General intelligence contributed to success on all 25 subjects. Variance accounted for ranged from 58.6% in Mathematics and 48% in English to 18.1% in Art and Design. Girls showed no advantage in g, but performed significantly better on all subjects except Physics. This was not due to their better verbal ability. At age 16, obtaining five or more GCSEs at grades A⁎–C is an important criterion. 61% of girls and 50% of boys achieved this. For those at the mean level of g at age 11, 58% achieved this; a standard deviation increase or decrease in g altered the values to 91% and 16%, respectively.

Jensen Comment
There was a time when grades might have been competitive predictors of educational achievement in the USA  but then grade inflation ruined both the predictors and the criterion of educational achievement ---
Grade Inflation in High Schools 2005-2018 ---
Also see

Grade inflation is the increase in the number of high grades over time. Grade inflation is often conflated with lax academic standards. For example, the following quote about lax standards from a Harvard University report in 1894 has been used to claim that grade inflation has been a longstanding issue: "Grades A and B are sometimes given too readily ... insincere students gain passable grades by sham work." Issues of standards in American education have been longstanding. However, rising grades did not become a major issue in American education until the 1960s.

The evidence for grade inflation in the US was sparse, largely anecdotal and sometimes contradictory until recently. Hard data were not abundant. A Stanford University report in the 1990s showed that grades had been rising since the 1960s; in an effort to stem grade inflation, Stanford changed its grading practices slightly. National surveys in the 1990s generally showed rising grades at American colleges and universities, but a survey of college transcripts by a senior research analyst in the US Department of Education found that grades declined slightly in the 1970s and 1980s. Data for American high schools were lacking.

However, recent data leave little doubt that grades are rising at American colleges, universities and high schools. Leaders from number of institutions, including Harvard University and Princeton University, have publicly stated that grades have been rising and have made efforts to change grading practices. An evaluation of grading practices in US colleges and universities written in 2003, shows that since the 1960s, grades in the US have risen at a rate of 0.15 per decade on a 4.0 scale. The study included over 80 institutions with a combined enrollment of over 1,000,000 students. An annual national survey of college freshmen indicates that students are studying less in high school, yet an increasing number report high school grades of A- or better.

The debate on grade inflation has moved from assessment to causes. Are grades rising because standards are being lowered or because students are producing better work?

Grade inflation is highly correlated the timing when student evaluations of teachers commenced to seriously impact tenure, promotion, and pay of teachers. Efforts to limit granting of A grades  at places like Cornell and Princeton were deemed failures.
It didn't help when RateMyProfessors.com commenced to post millions of student evaluations of named teachers online for the world to see
The top college teachers at the above site tend to be rated as "easy graders."

Statement Against Student Evaluations for Promotion and Tenure Decisions (American Sociological Association) ---

Jensen Comment
They fail to mention my main objection student evaluations --- the disgrace of grade inflation bringing the median grades up to A- across the USA ---
See Below

The Atlantic:  Has College Gotten Too Easy? Time spent studying is down, but GPAs are up ---

Jensen Comment
In eight decades the median grade across the USA went from C+ to A- (with variations of course) and efforts in such places as Princeton and Cornell to limit the proportion of A grades were ended and deemed as failures.

Now we ask:  Has college gotten to easy. I guess you know what I think.

Higher education has become Lake Wobegon where (almost) all students are above average in terms of what used to be average.

Especially note the grade inflation graphs at www.Gradeinflation.com


Mental Retirement: Use It or Lose It—Susan Rohwedder and Robert Willis ---

Literary Hub: Book Marks --- https://bookmarks.reviews/

Abel died while his paper took 20 years to be refereed ---

Airbnb Scams
Airbnb’s poorly written rules in order to collect thousands of dollars through phony listings, fake reviews, and, when necessary, intimidation. ---

'No Progress' Seen in Reading or Math on Nation's Report Card ---
Meanwhile a civil rights group is suing to force California universities to stop using the SAT and ACT admission tests because they're racist.

How to Reactivate Windows 10 After a Hardware Change ---

How to Mislead With Statistics

Capital-Labor Substitution --- http://meta-analysis.cz/sigma/

We show that the large elasticity of substitution between capital and labor estimated in the literature on average, 0.9, can be explained by three factors: publication bias, use of aggregated data, and omission of the first-order condition for capital. The mean elasticity conditional on the absence of publication bias, disaggregated data, and inclusion of information from the first-order condition for capital is 0.3. To obtain this result, we collect 3,186 estimates of the elasticity reported in 121 studies, codify 71 variables that reflect the context in which researchers produce their estimates, and address model uncertainty by Bayesian and frequentist model averaging. We employ nonlinear techniques to correct for publication bias, which is responsible for at least half of the overall reduction in the mean elasticity from 0.9 to 0.3. Our findings also suggest that a failure to normalize the production function leads to a substantial upward bias in the estimated elasticity. The weight of evidence accumulated in the empirical literature emphatically rejects the Cobb-Douglas specification.

Minimum Wages Versus Labor Subsidies
Economics and cognitive dissonance --- https://johnhcochrane.blogspot.com/2019/10/economics-and-cognitive-dissonance.html

Jensen Comment
Without researching the issue I have rather strong opinions on minimum wages.

One is that a minimum wage hike that is not a disaster in a city (think Seattle) may be a disaster for employment in a small rural town where each type of service (cafe, landscaping, fuel station, etc.) may only have one business firm, and those local firms may be operating at almost no profit before the minimum wage hike, especially if those businesses are very seasonal and dependent upon tourists.

Two is that a minimum wage change (always up and never down) is much more sticky than the demand for labor. For example, at the moment there are "Help Wanted" signs all over our region due in part to low fuel prices and the booming USA economy with lots of tourists and skiiers/hikers visiting our mountains. Increasing the minimum wage may not cause as much unemployment now as it will if there's a downturn when firms have to make a decision regarding whether to lay workers off.

There's a huge difference when cities make their own minimum wage increases versus when the entire USA has an increase in minimum wages. Rural America is becoming less represented in Washington DC. Workers in rural America enjoy lower housing cost, but without jobs they can't afford housing at any cost.

MIT:  Downward Rigidity in the Wage for New Hires ---

If wages are more rigid downward than upward, then unemployment is volatile during recessions. In benchmark models, the wage for new hires is particularly important for unemployment  fluctuations, but there is limited evidence of downward rigidity on this margin. We introduce a dataset that tracks the wage for new hires at the job level—that is, across successive vacancies posted by the same job title and establishment. We show that the wage for new hires is more rigid downward than upward, in two steps. First, the nominal wage rarely changes at the job level. When wages do change, they fall infrequently, suggesting a constraint from beneath. Second, when unemployment rises, wages do not fall for new hires—though wages rise strongly as unemployment falls. We show that prior work, which studies the average wage for new hires, cannot detect downward rigidity due to changing job composition. Finally, we match a standard labor search model to our estimates, and uncover state dependent asymmetry in unemployment dynamics. After contractions, unemployment responds symmetrically to labor demand shocks; after persistent expansions, unemployment is as much as twice as sensitive to negative than positive shocks.


Continued in article

A Debate Issue Over Teacher Pay

K-12 Teachers are Underpaid ---


K-12 Teachers are Not Underpaid ---

Jensen Comment
Of one thing I'm certain.
Comparison of teachers academic-year (9 month) salaries with calendar-year (12 month) salaries is misleading. Teachers can and often do supplement their academic-year salaries in various ways during the other three months of each year. Sometimes they teach during the summer terms. Sometimes they work in other trades.

My daughter was a biology teacher. She supplemented her income by also working week ends in a hospital laboratory as a medical technician. She also did this in the summertime, but the rest of her summer days were devoted to being with her children who were not in school during the summer months. Becoming a teacher is very attractive to parents who want to be with their children in the summer months.

I don't doubt that higher pay may help attract better teachers and help retain those teachers. This is true for almost any profession, although sometimes the pay issue is complicated. For example, a career in the USA's military does not pay very well, but there aren't many careers where after only 20-30 years you can get a lifetime pension, financial support for college,  and lifetime benefits like free medical care, free medicine, and heavily discounted shopping in base exchange stores. Some professions allow time independence for supplementing income. College professors, for example, generally are allowed time to write books and earn consulting income and speaker fees. Life was good to me as a college professor.


Stanford University:  Public Employee Pensions and Municipal Insolvency ---

This paper studies how governments manage public employee pensions and how this affects insolvency risk. I propose a quantitative model of governments that choose their savings and risk exposure by borrowing/saving in defaultable bonds, borrowing in non-defaultable pension benefits, and saving in a pension fund that earns a risk premium. In insolvency, the government can receive transfers from households who may differ from the government in their preferences for public services and private consumption. I match the model to a panel of CA cities and a hand-collected record of fiscal emergencies. The model predicts that governments are highly vulnerable to another stock market bust. A hypothetical shock to pension funds in 2015 produces twice as many fiscal emergencies as the original 2008-10 shock. In the quantified model, the government undersaves and take excess risk relative to what a benevolent government would choose. Savings requirements that limit spending to essential services plus 0.3% of cash-on-hand produce large welfare gains for households. Requiring the pension fund to invest more in safe assets decreases household welfare because the lower average return discourages the government from saving.

The College Enrollment Crash Goes Deeper Than Demographics ---

. . .
Colleges can’t stop what’s coming, but they can be better prepared.

It is difficult to imagine that these changes in population size and composition will pass without making an indelible impression on campuses. However, as important as demographic trends are and will continue to be, we must resist the temptation to see everything through this single lens.

Take, for example, the fact that we have seen eight straight years of enrollment declines. That’s not the result of a demographic plateau. Surely the current downward trend largely reflects recovery from the deepest recession in modern economic history. Even as we contemplate new demographic trends, we should not lose sight of the many ways in which economic forces drive a range of educational outcomes, including enrollment, the desire for credentialing, and trends in students’ choices of academic majors. Similarly, deep enrollment reductions at for-profit colleges remind us of the power of regulation — as each day sees a new proposal for redesigning student loans and other federal aid.

Additionally, it might seem more comfortable to interpret recent declines in application numbers at some selective colleges as a result of demographic phenomena than to consider alternative explanations. For instance, the persistence of declarations that higher education’s financial model is broken is matched only by the upward trend in the discount rate. Perhaps the high-sticker-price/uncertain-financial-aid model has finally reached a breaking point. Alternatively, changes in application behavior may reflect growing dissatisfaction with admissions practices — which, according to one poll, are characterized by more than one-third of Americans as very or somewhat unfair.

Continued in article

Five Views on the Great Enrollment Crash ---

Crucial Tips for Traveling to Foreign Countries ---

How to switch from paper to electronic signatures ---

How to Mislead With Statistics

Inequality is higher in some states like New York and Louisiana because of corporate welfare (financial incentives to invest in and create jobs)

Jensen Comment
This article provides teachers with an illustration of flawed and biased statistical analysis. Inequality variation among the 50 USA states, like cancer, is horribly complicated with many complex and interactive causes. The title alone is a warning:  "Inequality in New York and Louisiana is higher because of corporate welfare (incentives given to corporations to invest in new jobs).

I begin with a warning about cancer:
How to Interpret News About Cancer Causes ---

It's quite easy to assume simplistic cancer causes analogous to simplistic attributions of poverty causes or inequality causes.

First  I stress than inequality in and of itself is not a bad thing.
Exploring Wealth Inequality:  Poverty Matters, Not Wealth Inequality ---

Second I stress that "corporate welfare itself" as defined in this study leaves out a lot of stuff that can cause inequality and poverty. A wonderful example is the following quotation from the above article

"But the amount of incentives states offer can vary significantly. For example, New Hampshire spent just $9.9 million on incentives, or 75 cents for every state resident, per year from 1999 to 2014, while Louisiana paid out an average of $1.2 billion a year, or $267 per capita.

I absolutely know that New Hampshire really spent more than 75 cents for every state resident on corporate incentives. Firstly, New Hampshire has no state income tax or sales tax. That's why Walmart spends  tens of millions of dollars building super stores just inside the borders of New Hampshire. For example, Walmart built a relatively new enormous super store in New Hampshire's rural Woodsville (population 1,176). Walmart did not locate in Woodsville because of any financial incentives offered by Woodsville or the State of New Hampshire. Walmart invested millions in the Woodsville store because Woodsville sits on the Connecticut River border between New Hampshire and Vermont. Vermont citizens (and Canadians) stream across the bridge into Woodsville for two reasons:  One is cheaper prices at Walmart, and two is avoidance of the Vermont sales tax. The above study leaves out the "corporate welfare" of not having a state sales tax like all the states surrounding New Hampshire. Walmart isn't about to build a store in the high tax state of Vermont.

Not having a sales tax costs the state of New Hampshire more than "75 cents" per capita.  But a gain to New Hampshire arises from the jobs that Walmart stores create regionally in relatively rural towns that would otherwise have much higher rates of unemployment.

By the way, the NH Walmart stores are so popular with out-of-state residents (and Canadians) that new hotels are often built across from the Walmart stores in New Hampshire. Exhibit A is the large Hampton Inn that was built directly across the street from the Littleton, NH Walmart store. I cannot think of any other attraction to stay in this particular hotel other than the attraction for out-of-state shoppers to get Walmart prices and no sales taxes. Walmart invests zero for new stores in the high tax state of Vermont. Many of the cars in the Hampton Inn parking lot are pulling trailers for Walmart shopping.

But my main objection with the above article is how inconsistent the conclusions are with the data that was used in the study. The author obviously has a political bias that is stretched to the limit. The first bias is in the unmentioned limitations of the Gini Coefficient upon which the entire analysis is based. Read the following at

The Gini coefficient is a relative measure. Its proper use and interpretation is controversial. It is possible for the Gini coefficient of a developing country to rise (due to increasing inequality of income) while the number of people in absolute poverty decreases. This is because the Gini coefficient measures relative, not absolute, wealth. Changing income inequality, measured by Gini coefficients, can be due to structural changes in a society such as growing population (baby booms, aging populations, increased divorce rates, extended family households splitting into nuclear families, emigration, immigration) and income mobility. Gini coefficients are simple, and this simplicity can lead to oversights and can confuse the comparison of different populations; for example, while both Bangladesh (per capita income of $1,693) and the Netherlands (per capita income of $42,183) had an income Gini coefficient of 0.31 in 2010, the quality of life, economic opportunity and absolute income in these countries are very different, i.e. countries may have identical Gini coefficients, but differ greatly in wealth. Basic necessities may be available to all in a developed economy, while in an undeveloped economy with the same Gini coefficient, basic necessities may be unavailable to most or unequally available, due to lower absolute wealth.


Different income distributions with the same Gini coefficient (think California, Mississippi, New Mexico, and Louisiana all having about the same Gini Coefficient for vastly different reasons)

Even when the total income of a population is the same, in certain situations two countries with different income distributions can have the same Gini index (e.g. cases when income Lorenz Curves cross). Table A illustrates one such situation. Both countries have a Gini coefficient of 0.2, but the average income distributions for household groups are different. As another example, in a population where the lowest 50% of individuals have no income and the other 50% have equal income, the Gini coefficient is 0.5; whereas for another population where the lowest 75% of people have 25% of income and the top 25% have 75% of the income, the Gini index is also 0.5. Economies with similar incomes and Gini coefficients can have very different income distributions. Bellù and Liberati claim that to rank income inequality between two different populations based on their Gini indices is sometimes not possible, or misleading.

Extreme wealth inequality, yet low income Gini coefficient (think of New York City versus Woodsville, NH)

A Gini index does not contain information about absolute national or personal incomes. Populations can have very low income Gini indices, yet simultaneously very high wealth Gini index. By measuring inequality in income, the Gini ignores the differential efficiency of use of household income. By ignoring wealth (except as it contributes to income) the Gini can create the appearance of inequality when the people compared are at different stages in their life. Wealthy countries such as Sweden can show a low Gini coefficient for disposable income of 0.31 thereby appearing equal, yet have very high Gini coefficient for wealth of 0.79 to 0.86 thereby suggesting an extremely unequal wealth distribution in its society. These factors are not assessed in income-based Gini.


Small sample bias (think of New Hampshire versus New York state)  – sparsely populated regions more likely to have low Gini coefficient

Gini index has a downward-bias for small populations. Counties or states or countries with small populations and less diverse economies will tend to report small Gini coefficients. For economically diverse large population groups, a much higher coefficient is expected than for each of its regions. Taking world economy as one, and income distribution for all human beings, for example, different scholars estimate global Gini index to range between 0.61 and 0.68. As with other inequality coefficients, the Gini coefficient is influenced by the granularity of the measurements. For example, five 20% quantiles (low granularity) will usually yield a lower Gini coefficient than twenty 5% quantiles (high granularity) for the same distribution. Philippe Monfort has shown that using inconsistent or unspecified granularity limits the usefulness of Gini coefficient measurements.

The Gini coefficient measure gives different results when applied to individuals instead of households, for the same economy and same income distributions. If household data is used, the measured value of income Gini depends on how the household is defined. When different populations are not measured with consistent definitions, comparison is not meaningful.

Deininger and Squire (1996) show that income Gini coefficient based on individual income, rather than household income, are different. For example, for the United States, they find that the individual income-based Gini index was 0.35, while for France it was 0.43. According to their individual focused method, in the 108 countries they studied, South Africa had the world's highest Gini coefficient at 0.62, Malaysia had Asia's highest Gini coefficient at 0.5, Brazil the highest at 0.57 in Latin America and Caribbean region, and Turkey the highest at 0.5 in OECD countries.


Inability to value benefits and income from informal economy affects Gini coefficient accuracy (New York City is full of welfare benefits whereas there are relatively none in Woodsville, NH)

Some countries distribute benefits that are difficult to value. Countries that provide subsidized housing, medical care, education or other such services are difficult to value objectively, as it depends on quality and extent of the benefit. In absence of free markets, valuing these income transfers as household income is subjective. The theoretical model of Gini coefficient is limited to accepting correct or incorrect subjective assumptions.

In subsistence-driven and informal economies, people may have significant income in other forms than money, for example through subsistence farming or bartering. These income tend to accrue to the segment of population that is below-poverty line or very poor, in emerging and transitional economy countries such as those in sub-Saharan Africa, Latin America, Asia and Eastern Europe. Informal economy accounts for over half of global employment and as much as 90 per cent of employment in some of the poorer sub-Saharan countries with high official Gini inequality coefficients. Schneider et al., in their 2010 study of 162 countries, report about 31.2%, or about $20 trillion, of world's GDP is informal. In developing countries, the informal economy predominates for all income brackets except for the richer, urban upper income bracket populations. Even in developed economies, between 8% (United States) to 27% (Italy) of each nation's GDP is informal, and resulting informal income predominates as a livelihood activity for those in the lowest income brackets. The value and distribution of the incomes from informal or underground economy is difficult to quantify, making true income Gini coefficients estimates difficult. Different assumptions and quantifications of these incomes will yield different Gini coefficients.

Gini has some mathematical limitations as well. It is not additive and different sets of people cannot be averaged to obtain the Gini coefficient of all the people in the sets.

Continued in article


I could go on and on and on about how really bad is the analysis that concludes: 
"Inequality is higher in some states like New York and Louisiana because of corporate welfare" (incentives to business firms to invest in facilities and create jobs).

Rep. AOC (Alexandria) naively fought against having the second Amazon headquarters, warehouses, and jobs in NYC. The leftist Governor Cuomo and Mayor de Blasio were furious with her for good reason ---

Bill de Blasio corrects Ocasio-Cortez's claim about spending Amazon tax break money ---

Will $120 per year tax credit for each Queens taxpayer have the same impact as the Amazon deal will have on Queens?

According to the state, Amazon will generate $27.5 billion in state and city revenue over 25 years, a 9:1 ratio of revenue to subsidies—an arrangement Cuomo called “the highest rate of return for an economic incentive program the state has ever offered.

Even if we complicate the analysis with time value of money Alexandria's proposal is what I call Democratic Socialist economics.
She never would've allowed Silicon Valley to be developed.

Evils of Rent Control on Labor Markets and Job Mobility
Essays on Housing Affordability, Child Development and Economic Mobility ---

Chapter 1: “Ignorance is Bliss? Rent Regulation, Policy Awareness, and Labor Market Outcomes: Evidence from New York City”.

Chapter 2: “The Earned Income Tax Credit, Maternal Behavioral Responses, and Child Development”.

Chapter 3: “Parental Migration, Investment in Children, and Children’s Noncognitive Development: Evidence from Rural China” with Xi Yang, Under Review.

From the Scout Report on November 8, 2019

Tinkercad Science--- www.tinkercad.com 
Tinkercad is a free, web-based 3D modeling system that strives "to make 3-D design in general, and the design of physical items in particular, accessible to hundreds of millions of people." In service of that goal, Tinkercad has a very simple, intuitive, and easy to learn interface. The 3E modeling system is frequently used to teach entry-level constructive solid geometry. Objects created in Tinkercad can be exported to Minecraft and to formats used by 3D printers. In the Tinkercad Gallery linked at the top of the site, users can locate a library of objects created and shared by other users. Many of these objects are available under a Creative Commons license that allows them to be freely reused and incorporated into other projects. Tinkercad runs in any browser that supports WebGL, which includes all the major desktop browsers (Chrome, Firefox, IE/Edge, and Safari) as well as most mobile browsers.

Radian --- https://github.com/randy3k/radian
Radian is an enhanced interactive console for the GNU R statistical computing system. It provides rich syntax highlighting, multi-line editing, and auto-completion similarly to Python's IPython or Ruby's IRB. Radian may be a good middle ground for users that find vanilla R to be a bit too spartan but RStudio to be a bit too heavyweight. The Settings section provides an overview of the customizations supported by Radian. These include a number of color schemes for syntax highlighting, Emacs or vi key bindings, optional auto-indentation of code as it is entered, and a variety of options for customizing Radian's prompt. The Installation section lists requirements and provides setup instructions. Radian can be installed on Windows, macOS, and Linux systems. Radian is distributed under the MIT license, with source code available on GitHub.


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

Education Tutorials

NPR: Life Kit--- www.npr.org/lifekit

The Promise of Adolescence: Realizing Opportunity for All Youth --- www.nap.edu/catalog/25388/the-promise-of-adolescence-realizing-opportunity-for-all-youth

Cyberwise --- www.cyberwise.org

Family Online Safety Institute --- www.fosi.org

The Physics Aviary (physics tutorials) --- www.thephysicsaviary.com 

ELI: Climate Change Curriculum --- https://eli.lehigh.edu/climate-change

The Write Practice (become a better writer) --- https://thewritepractice.com/

GCFGlobal: Internet Skills Tutorials --- https://edu.gcfglobal.org/en/subjects/internet-skills/

Professors' Slow, Steady Acceptance Of Online Learning ---

"Purdue’s Purchase of Kaplan Is a Big Bet — and a Sign of the Times," by Goldie Blumenstyk, Chronicle of Higher Education, April 28, 2017 ---

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

Women Scientists Launch a Database Featuring the Work of 9,000 Women Working in the Sciences --- 
The Physics Aviary (physics tutorials) --- www.thephysicsaviary.com 

The Encyclopedia of Women Philosophers: A New Web Site Presents the Contributions of Women Philosophers, from Ancient to Modern ---

Copernicus versus the scientific method ---

In Transit: Neil Gaiman Reads His Touching Tribute to the Lonely Genius Arthur Eddington, Who Confirmed Einstein’s Relativity ---

MIT:  One day, genetically modified pigs like these in Munich will be sliced open, their hearts, kidneys, lungs and livers sped to transplant centers to save desperately sick patients from death --- 

Poetry in Science --- http://poetry.nautil.us/

International Barcode of Life --- https://ibol.org/

The Barcode of Life Data System --- www.boldsystems.org

ELI: Climate Change Curriculum --- https://eli.lehigh.edu/climate-change

DNAdots --- https://dnadots.minipcr.com/

Through Fortitude or Stupidity, Lee Berger Is Rewriting Human History ---

The 1000 Leaf Project (edible plants) --- https://1000leaf.aua.am/

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

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

Social Science and Economics Tutorials

World Population --- https://en.wikipedia.org/wiki/World_population
Earth Needs Fewer People to Beat the Climate Crisis, Scientists Say ---

J. Bradford DeLong --- https://en.wikipedia.org/wiki/J._Bradford_DeLong
Smith, Marx, Keynes: A View of the History of Economic Thought (UNFINISHED) ---

Pew Report: The American Veteran Experience and the Post-9/11 Generation ---

Plateau Peoples' Web Portal (Native American) ---https://plateauportal.libraries.wsu.edu/ 

Mapping Indigenous LA --- https://mila.ss.ucla.edu/

The Spirit Panel Project --- https://spiritpanels.humanrights.ca/

Return, Reconcile, Rene (Indigenous Australia) --- https://returnreconcilerenew.info/

Celebrating Indigenous Languages ---

NYT:  The White-Collar Job Apocalypse That Didn’t Happen ---

The Promise of Adolescence: Realizing Opportunity for All Youth --- www.nap.edu/catalog/25388/the-promise-of-adolescence-realizing-opportunity-for-all-youth

The Global Countryside: Rural Change and Development in Globalization (Global-Rural) --- https://www.global-rural.org/

Milton Friedman --- https://en.wikipedia.org/wiki/Milton_Friedman
Milton Friedman (1982): Free Markets and the Generals ---

A History of California Wildfires --- http://projects.capradio.org/california-fire-history/#6/38.58/-121.49

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

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

Law and Legal Studies

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

Math Tutorials

Math Values (education and motivation) --- https://www.mathvalues.org/

Alan Turing's paper "On computable numbers," in which he introduced the "Turing machine," was published.on November 12, 1936 ---
Note this was all prior to when AlanTuring played a pivotal role at Bletchley Park in cracking intercepted coded Enigma Machine messages of the Nazis in many crucial engagements ---

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

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

History Tutorials

Literary Hub: Book Marks --- https://bookmarks.reviews/

J. Bradford DeLong --- https://en.wikipedia.org/wiki/J._Bradford_DeLong
Smith, Marx, Keynes: A View of the History of Economic Thought (UNFINISHED) ---

The Entire History of the British Isles Animated: 42,000 BCE to Today ---

The Myth of the Nazi War Machine ---

Anne Frank’s Diary: The Graphic Novel Adaptation ---

In Transit: Neil Gaiman Reads His Touching Tribute to the Lonely Genius Arthur Eddington, Who Confirmed Einstein’s Relativity ---

A History of California Wildfires --- http://projects.capradio.org/california-fire-history/#6/38.58/-121.49

Pew Report: The American Veteran Experience and the Post-9/11 Generation ---

Alan Turing's paper "On computable numbers," in which he introduced the "Turing machine," was published on November 12, 1936 ---
Note this was all prior to when AlanTuring played a pivotal role at Bletchley Park  in cracking intercepted coded Enigma Machine messages of the Nazis in many crucial engagements ---

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

Celebrating Indigenous Languages ---

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
Scroll down to Music

Bob Jensen's threads on music performances ---

Writing Tutorials

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

Terminology (Dictionary, Thesaurus, and More) -- http://agiletortoise.com/terminology 

Khan Academy: Grammar ---  www.khanacademy.org/humanities/grammar

The Write Practice (become a better writer) --- https://thewritepractice.com/

Helping Writers Become Authors: Story Structure Database --- www.helpingwritersbecomeauthors.com/story-structures

Writing the Other: Resources --- https://writingtheother.com/resources/

Amnesty International UK: Teach human rights with fiction --- www.amnesty.org.uk/education-resources-fiction-literature-poetry

what literary agents do? --- https://www.agentquery.com/default.aspx

National Novel Writing Month Language Arts --- www.nanowrimo.org

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

Bob Jensen's threads on medicine ---

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

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

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

October 30, 2019

·         Stressed Out? Maybe Not If You're a Narcissist

·         In a Last-Minute Deal, BD Avoids Long Shutdown

·         Doctors Seldom Discuss Gun Safety with Patients

·         Ban on Sale of Sugary Drinks Trimmed Employees' Waistlines

·         Non-Drinker's Body Produced Its Own Alcohol: Study

·         It May Be Even Tougher for Women to Quit Smoking Than Men

·         For Seniors, Financial Woes Can Be Forerunner to Alzheimer's

·         Giving Up One Food Will Help Your Health -- and the Planet

·         Almost Half of Americans Admit to Drowsy Driving

October 31, 2019

·         Tainted Fecal Transplant Killed One Patient

·         Test Given at 8 May Predict Brain Health in Old Age

·         Could Tissue-Sealing Tape One Day Replace Stitches?

·         'I Wish I Had Known Sooner': Alex Trebek Issues PSA on Pancreatic Cancer

·         Can Psychedelic Ayahuasca Help With Depression?

·         Juul Shipped Tainted Products, Lawsuit Alleges

·         Orders Changed After Calorie Counts Added to Menus

·         Sooner Is Usually Better for Gallbladder Surgery

·         Juul Shipped Tainted Products, Lawsuit Allege

November 1, 2019

·         With Time Change, Use That Extra Hour for Sleep

·         High-Tech Pacifier Might Monitor Baby's Blood Sugar

·         ADHD Rates Doubled Among U.S. Adults Over 10 Years

·         Recall: Frozen Berries Sold at Aldi and Raley’s

·         Simple Fix Freed This Boy's Tongue Trapped in Bottle

·         Nestlé Recalls Cookie Dough for Contamination

·         Tainted Fecal Transplant Killed One Patient

·         Test Given at 8 May Predict Brain Health in Old Age

·         Measles Leaves People More Vulnerable to Future Infections

November 4, 2019

·             Veggies Recalled for Possible Listeria Risk

·         Could a Blood Test for Breast Cancer Become a Reality?

·         Anti-Vaxxers Find Ways Around States' 'Personal Exemption' Bans

·         One Dead in Ground Beef Salmonella Outbreak

·         Many Cancer Docs Don't Discuss Costs of Pricey Gene Tests

·         Deep Sleep May 'Rinse' Day's Toxins From Brain

·         With Time Change, Use That Extra Hour for Sleep

·         High-Tech Pacifier Might Monitor Baby's Blood Sugar

·         ADHD Rates Doubled Among U.S. Adults Over 10 Years

November 5, 2019

·         People Turn to Social Media to Diagnose STDs

·         1 in 4 High School Kids Vape, Mint Flavor Preferred

·         Too Much Screen Time May Stunt Toddlers' Brains

·         Mutant Gene Kept Woman From Getting Alzheimer's

·         Many Areas in U.S. Lack Child Psychiatrists

·         Meatless Meat Sparks Backlash

·         New Alzheimer’s Drug from China: Hope or Hype?

·         Many on Medicare Face Crippling Medical Bills

·         Are There Health Downsides To Vegetarian Diets?

November 6, 2019

·         Experts: Climate Change 'Threat to Human Well-Being'

·         Tough Childhoods Can Leave a Lifetime of Harm

·         Researchers Will Pay You to Get the Flu

·         Only Children May Have Higher Obesity Risk

·         Exercise Can Help Prevent Depression

·         Running - Even a Little -- Helps You Live Longer

·         People Turn to Social Media to Diagnose STDs

·         1 in 4 High School Kids Vape, Mint Flavor Preferred

·         Too Much Screen Time May Stunt Toddlers' Brains

November 7, 2019

·         When Music Takes a Surprise Turn, Listening Pleasure Follows

·         Long-Acting Birth Control in a Patch?

·         Sleeping on an Incline Not Safe for Baby

·         Why Hand-Washing Beats Hand Sanitizers

·         Gene Editing Tool Fights Cancer in Early Study

·         New Strain of HIV Discovered

·         Sleepless Nights Could Raise Heart Risks

·         Vitamin D Key to Muscle Strength in Older Adults

·         Experts: Climate Change 'Threat to Human Well-Being'

November 8, 2019

·         Kratom May Cause Liver Damage: Study

·         More Than 2 Million Pounds of Chicken Recalled

·         Smoked Salmon Recalled for Botulism Risk

·         Are Low-Calorie Sweeteners Good or Bad for You?

·         Juul Stops Sales of Mint-Flavored E-Cigarettes

·         Veteran Who Received Penis Transplant Doing Well

·         Many Lung Cancer Patients Not Getting Recommended Treatment

·         Don't Get Along With Family? Check Your Health

·         When Music Takes a Surprise Turn, Listening Pleasure Follows

November 11, 2019

·         Trump Administration Wants to Raise Age to Buy E-Cigs to 21

·         CDC: Vitamin E Likely Culprit in Vaping Cases

·         Think Vaping Is Heathier for Your Heart Than Smoking? Think Again

·         Ethylene Oxide Emission Plan Called ‘Weak’

·         Self-Testing for Cervical Cancer Increases Screening Rates

·         Survey Shows Americans Feel Stressed

·         Kratom May Cause Liver Damage: Study

·         More Than 2 Million Pounds of Chicken Recalled

·         Smoked Salmon Recalled for Botulism Risk

November 12, 2019

·         Testosterone Boosters Raise Men's Odds for Clots

·         Racial Bias Seen in Heart Transplants

·         Ultra-Processed Foods A Fast Track to Heart Risk

·         You Won't Get Sued If You Do CPR, Review Suggests

·         Jimmy Carter Recovering From Brain Procedure

·         Double Lung Transplant in Vaping Case a Success

·         'Wheel' Host Pat Sajak Has Emergency Surgery

·         Trump Administration Wants to Raise Age to Buy E-Cigs to 21

·         CDC: Vitamin E Likely Culprit in Vaping Cases

November 14, 2019

·         Baby Study Could Pinpoint Why People Hiccup

·         Progress Made, But 'Superbugs,' Remain a Threat

·         More Americans Trying to Lose Weight, But Few Succeeding

·         New Shingles Vaccine: What You Need To Know

·         Lung Cancer Report Delivers Good, Bad News

·         Cancer Risk May Rise After Heart Attack

·         EPA Moves to Limit Science in Public Health Rules

·         Testosterone Boosters Raise Men's Odds for Clots

·         Racial Bias Seen in Heart Transplants



From the CFO Journal's Morning Ledger on November 13, 2019

Marijuana is seen as a dangerous narcotic in China, and possession there is strictly punished. That hasn’t stopped the country from trying to become a powerhouse in the fast-growing industry for cannabis products.

As more companies enter the industry, they will have a tougher time earning money, said Tan Xin, chairman and co-founder of Hanma Investment Group Co., one of China’s first cannabis enterprises.


NYT:  How to Feel Nothing Now, in Order to Feel More Later A day of dopamine fasting in San Francisco.---
https://www.nytimes.com/2019/11/07/style/dopamine-fasting.html?action=click&module=Top Stories&pgtype=Homepage

“We’re addicted to dopamine,” said James Sinka, who of the three fellows is the most exuberant about their new practice. “And because we’re getting so much of it all the time, we end up just wanting more and more, so activities that used to be pleasurable now aren’t. Frequent stimulation of dopamine gets the brain’s baseline higher.”

Mental Retirement: Use It or Lose It—Susan Rohwedder and Robert Willis ---

Bloomberg's Rankings of the Top 100 Business Schools ---

Jensen Comment
Whereas US News has multiple rankings for business studies specialties, Bloomberg ignores specialties. Bloomberg also indicates scores on several factors like entrepreneurship and compensation.  The Bloomberg ranking integrates graduate and undergraduate business schools which in some ways is misleading. Note that the Bloomberg ranking ignores that some top schools do not even have specialties such as tracks to take the CPA examination or forensic accounting tracks. For example, students aspiring to for careers as CPAs will be disappointed in top schools like Stanford, Dartmouth, and Harvard but not Pennsylvania Wharton and UC Berkeley.

US News is a better source of multiple rankings and provides a "College Compass" for finding fits for students with particular interests ---

For employers, admission standards are the unmentioned criteria of great importance. It's difficult to measure admission standards. For example, rejection percentages are highly misleading since most students don't even bother spend the time and and money applying to schools like Stanford and Harvard. The upper-level GMAT students, on the other hand, often do not apply to schools in the bottom half of the Bloomberg rankings unless there is some unique geographic preference.

When asked to rank business schools employers may introduce subjective "best buy" criteria. For example, some recruiters in the Boston area may consider Bentley graduates to be a better buy than highly paid Harvard Business School graduates.

The very top schools who get so many applicants with both stellar GMAT scores and high undergraduate grades use added admissions criteria that are difficult to quantify like undergraduate major (preferring engineers to elementary education majors) and public service records (e.g., giving admission preference to an applicant who taught computer programming in Tanzania as a volunteer?)

Humor for November 2019

Elizabeth Holmes --- https://en.wikipedia.org/wiki/Elizabeth_Holmes
Silicon Valley retailers are running out of black turtlenecks, and it could be because people are going as Elizabeth Holmes for Halloween ---
Now that's scary for two reasons. One she wants your blood. Two she wants to steal your money.

Pew Report: The American Veteran Experience and the Post-9/11 Generation ---

Humor October 2019--- http://faculty.trinity.edu/rjensen/book19q4.htm#Humor1019.htm  

Humor September 2019--- http://faculty.trinity.edu/rjensen/book19q3.htm#Humor0919.htm 

Humor August 2019--- http://faculty.trinity.edu/rjensen/book19q3.htm#Humor0819.htm 

Humor July 2019--- http://faculty.trinity.edu/rjensen/book19q3.htm#Humor0719.htm

Humor June 2019--- http://faculty.trinity.edu/rjensen/book19q2.htm#Humor0619.htm

Humor May 2019--- http://faculty.trinity.edu/rjensen/book19q2.htm#Humor0519.htm

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 

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

More of Bob Jensen's Pictures and Stories

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

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

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

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

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

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

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


Bob Jensen's threads on accounting theory ---

Tom Lehrer on Mathematical Models and Statistics ---

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


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

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

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

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

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

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

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

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

Some of Bob Jensen's Tutorials

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


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

Some Accounting History Sites

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

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

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

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

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

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

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

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

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

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

Bob Jensen's Threads ---

More of Bob Jensen's Pictures and Stories

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


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