Tidbits on January 14, 2020
Bob Jensen at Trinity University

Historic Photographs (Set 09) of the Sunset Hill House Resort Shared by Gunsmith Ron Resden
http://www.cs.trinity.edu/rjensen/Tidbits/Resden/2020/09ResdenSSH.htm 

 

Tidbits on January 14, 2020
Scroll Down This Page

Bob Jensen's Tidbits ---
http://faculty.trinity.edu/rjensen/TidbitsDirectory.htm

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

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

Excellent, Cross-Disciplinary Overview of Scientific Reproducibility in the Stanford Encyclopedia of Philosophy ---
https://replicationnetwork.com/2018/12/15/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?

https://www.theatlantic.com/science/archive/2019/05/waste-1000-studies/589684/?utm_source=newsletter&utm_medium=email&utm_campaign=atlantic-daily-newsletter&utm_content=20191022&silverid-ref=NTk4MzY1OTg0MzY5S0
Bob Jensen:  My take on research validation or lack thereof is at
http://faculty.trinity.edu/rjensen/TheoryTAR.htm

Tom Lehrer on Mathematical Models and Statistics ---
http://www.youtube.com/watch?v=gfZWyUXn3So
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
http://faculty.trinity.edu/rjensen/Pictures.htm

Updates from WebMD --- Click Here

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

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

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

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

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

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

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

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




Online Video, Slide Shows, and Audio

Video on How to Enhance Your Writing ---
https://www.youtube.com/watch?v=NWwawTnT7LM

The Music, Books & Films Liberated into the Public Domain in 2020
http://www.openculture.com/2020/01/the-music-books-films-liberated-into-the-public-domain-in-2020.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

Mariana Mazzucato --- https://en.wikipedia.org/wiki/Mariana_Mazzucato
Ted Talk: What is economic value, and who creates it?
https://www.ted.com/talks/mariana_mazzucato_what_is_economic_value_and_who_creates_it?utm_source=recommendation&utm_medium=email&utm_campaign=explore&utm_term=newest-talks-1

Why Should We Read William Shakespeare? Four Animated Videos Make the Case ---
http://www.openculture.com/2019/12/why-should-we-read-william-shakespeare.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

Giant Whale Jumps Out Of Sea Right Next To Fishing Boat ( Video) Giant Whale Jumps Out Of Sea Right Next To Fishing Boat ---
https://www.viralmag.co.uk/2019/11/giant-whale-jumps-out-of-sea-right-next.html

The Best of Britain’s Christmas Commercials, 2019 ---
https://jborden.com/2019/12/14/the-best-of-britains-christmas-commercials-2019

Smithsonian Folkways Recordings ---
https://folkways.si.edu/

How Dick Cavett Brought Sophistication to Late Night Talk Shows: Watch 270 Classic Interviews Online ---
http://www.openculture.com/2020/01/how-dick-cavett-brought-de-sophistication-to-late-night-talk-shows.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

The Sunset Hill House Hotel (near our cottage) ---
https://www.thesunsethillhouse.com/
Watch the video
https://www.youtube.com/watch?v=A5cqUX0LcbU&t=9s


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

The Music, Books & Films Liberated into the Public Domain in 2020: Rhapsody in Blue, The Magic Mountain, Sherlock, Jr., and More ---
http://www.openculture.com/2020/01/the-music-books-films-liberated-into-the-public-domain-in-2020.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

Song Suffragettes --- https://jborden.com/2019/12/30/music-monday-song-suffragettes/

“Mr. Tambourine Man” & Other Bob Dylan Classics, Sung Beautifully by Kids ---
http://www.openculture.com/2020/01/mr-tambourine-man-other-bob-dylan-classics-sung-beautifully-by-kids.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

Jimi Hendrix Hosts a Jam Session Where Jim Morrison Sings Drunkenly; Jimi Records the Moment for Posterity (1968) ---
http://www.openculture.com/2019/12/jimi-hendrix-hosts-a-jam-session-where-jim-morrison-sings-drunkenly.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

Itzhak Perlman Appears on Sesame Street and Poignantly Shows Kids How to Play the Violin and Push Through Life’s Limits (1981) ---
http://www.openculture.com/2019/12/itzhak-perlman-appears-on-sesame-street.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

Comprehensive study explains that it is universal and that some songs sound ‘right’ in different social contexts, all over the world ---
https://news.harvard.edu/gazette/story/2019/11/new-harvard-study-establishes-music-is-universal/

Witness Rush Drummer Neil Peart’s (RIP) Finest Moments On Stage and Screen ---
http://www.openculture.com/2020/01/witness-rush-drummer-neil-pearts-rip-finest-moments-on-stage-and-screen.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29
This gets better later on in the video

Music From the Streets of Singapore ---
https://jborden.com/2020/01/13/music-monday-music-from-the-streets-of-singapore/

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


Photographs and Art

You Are a Child of the Universe ---
The Desiderata https://www.youtube.com/watch?v=i2DoBy3TlGA&feature=share&fbclid=IwAR2aa2Ed5jFEw6vCQ1AsiO68P7lowzGbL7FOs8OvgAFF8l--xpWvjBFrnNk
Thank you Paula for the heads up.

14 Paris Museums Put 300,000 Works of Art Online: Download Classics by Monet, Cézanne & More ---
http://www.openculture.com/2020/01/14-paris-museums-put-300000-works-of-art-online.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

27 stunning photos of the cosmos taken in 2019 ---
https://www.businessinsider.com/best-photos-of-space-planets-cosmos-2019-12

This NASA satellite image shows the extent of Australia’s devastating wildfires ---
https://www.technologyreview.com/f/615009/this-nasa-satellite-image-shows-the-extent-of-australias-devastating-wildfires/
Also see
https://www.vox.com/2020/1/3/21048700/australia-fires-2019-map-satellite-smoke-pollution

The Quieter, Cheaper Way to See Ireland’s Iconic Cliffs ---
https://www.ozy.com/good-sht/the-quieter-cheaper-way-to-see-irelandss-famous-cliffs/94853/?utm_term=OZY&utm_source=Sailthru&utm_medium=email&utm_campaign=DailyDose%20%282020-01-10%29&utm_content=A

Trans-Siberian Railway on a 2,000-mile journey across 4 time zones in Russia ---
https://www.businessinsider.com/trans-siberian-railway-russia-what-its-like-photos-2019-7

A Brief Animated History of Alcohol ---
http://www.openculture.com/2020/01/a-brief-animated-history-of-alcohol.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

The Spirit of the Woods: Poet and Painter Rebecca Hey’s Gorgeous 19th-Century Illustrations for the World’s First Encyclopedia of Trees ---
https://www.brainpickings.org/2020/01/06/sylvan-musings-hey/?mc_cid=0c6d63fe26&mc_eid=4d2bd13843

The world's first hydrogen-powered superyacht was unveiled at the Monaco Yacht Show ---
https://www.businessinsider.com/liquid-hydrogen-powered-superyacht-aqua-sinot-monaco-yacht-show-2019-9

The Feather Book of Dionisio Minaggio ---
http://digital.library.mcgill.ca/featherbook/

Illustrations from a Soviet Children's Book ---
http://www.openculture.com/2019/12/illustrations-from-the-soviet-childrens-book-your-name-robot.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

The Decade in Politics ---
https://www.theatlantic.com/photo/2019/12/photos-decade-2010-2019/603817/?utm_source=newsletter&utm_medium=email&utm_campaign=politics-daily-newsletter&utm_content=20191227&silverid-ref=NTk4MzY1OTg0MzY5S0

Download Beautiful Free Posters Celebrating the Achievements of Living Female STEM Leaders ---
http://www.openculture.com/2019/12/download-beautiful-free-posters-celebrating-the-achievements-of-living-female-stem-leaders.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

An Arctic Exploration ---
https://www.businessinsider.com/arctic-lifeboat-guylee-simmonds-david-schnabel-refurbished-boat-norway-pictures-2020-1#-which-means-sound-and-steadfast-in-norwegian-3

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

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


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

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

The Music, Books & Films Liberated into the Public Domain in 2020
http://www.openculture.com/2020/01/the-music-books-films-liberated-into-the-public-domain-in-2020.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

17 Poems by Emily Dickenson --- https://daily.jstor.org/emily-dickinson/

Open SUNY Textbooks Science textbooks ---
https://textbooks.opensuny.org/

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 January 14, 2020
http://faculty.trinity.edu/rjensen/tidbits/2020/TidbitsQuotations011420.htm             

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

To Whom Does the USA Federal Government Owe Money (the booked obligation of $19+ trillion) ---
http://finance.townhall.com/columnists/politicalcalculations/2016/05/25/spring-2016-to-whom-does-the-us-government-owe-money-n2168161?utm_source=thdaily&utm_medium=email&utm_campaign=nl
The US Debt Clock in Real Time --- http://www.usdebtclock.org/ 
Remember the Jane Fonda Movie called "Rollover" --- https://en.wikipedia.org/wiki/Rollover_(film)

To Whom Does the USA Federal Government Owe Money (the unbooked obligation of $100 trillion and unknown more in contracted entitlements) ---
http://money.cnn.com/2013/01/15/news/economy/entitlement-benefits/
The biggest worry of the entitlements obligations is enormous obligation for the future under the Medicare and Medicaid programs that are now deemed totally unsustainable ---
http://faculty.trinity.edu/rjensen/Entitlements.htm

Entitlements are two-thirds of the federal budget. Entitlement spending has grown 100-fold over the past 50 years. Half of all American households now rely on government handouts. When we hear statistics like that, most of us shake our heads and mutter some sort of expletive. That’s because nobody thinks they’re the problem. Nobody ever wants to think they’re the problem. But that’s not the truth. The truth is, as long as we continue to think of the rising entitlement culture in America as someone else’s problem, someone else’s fault, we’ll never truly understand it and we’ll have absolutely zero chance...
Steve Tobak ---
http://www.foxbusiness.com/business-leaders/2013/02/07/truth-behind-our-entitlement-culture/?intcmp=sem_outloud

"These Slides Show Why We Have Such A Huge Budget Deficit And Why Taxes Need To Go Up," by Rob Wile, Business Insider, April 27, 2013 ---
http://www.businessinsider.com/cbo-presentation-on-the-federal-budget-2013-4
This is a slide show based on a presentation by a Harvard Economics Professor.

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

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

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




A staggering 500 million (maybe a billion) animals are estimated dead in Australia’s fires ---
https://www.vox.com/future-perfect/2020/1/6/21051897/australia-fires-animals-dead-500-million-estimate


Walmart just opened a warehouse completely run by robots ---
https://www.businessinsider.com/walmart-ai-leader-uses-3-questions-to-guide-its-efforts-2019-10?utm_source=Sailthru&utm_medium=email&utm_content=BIPrime_select&utm_campaign=BI Prime 2020-01-10&utm_term=BI Prime Select


Don't Believe Online Claims for Pot's 'Benefits' (Especially Note) ---
https://www.webmd.com/a-to-z-guides/news/20200102/dont-believe-online-claims-for-pots-benefits

As marijuana-induced psychosis rises, parents say treatment for young people hard to find ---
https://news.yahoo.com/marijuana-induced-psychosis-rises-parents-141514687.html


The 25 Best Products of  2020 at the Consumer Electronics Show ---
https://time.com/5761770/best-ces-2020/?utm_source=newsletter&utm_medium=email&utm_campaign=the-brief-pm&utm_content=20200109&xid=newsletter-brief


How to Get Started with Photography ---
https://www.lifesavvy.com/375/how-to-get-started-with-photography/

Free Online Photography Courses (never took one) ---
https://www.adorama.com/alc/10-best-free-online-photography-courses

Jensen Comment
I really don't know much about photography, and when I post a photograph its quality is mostly chance from a relatively cheap camera.

My best photographs are mostly due to being at the right place and the right time with camera close by (such as the camera I always keep at my desk and the other camera I always carry in the car). For example, if you want a picture of a bear pulling down a hummingbird feeder you have to have the bear, the feeder, a camera, lighting, something keeping you safe from the bear --- like a window. The same can be said when a moose shows up for your yard sale.

If you want to photograph a spectacular sunrise you have to be ready in the morning for lots and lots of sunrises.

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


USA Today:  20 Predictions for 2019 ---
https://jborden.com/2020/01/04/so-how-did-these-predictions-for-2020-work-out/

USA Today:  20 Predictions for 2020 ---
https://www.usatoday.com/story/news/nation/2019/12/22/2020-predictions-decades-ago-self-driving-cars-mars-voting/2594825001/

Jensen Comment
I don't agree that these are the Top 20, but you probably are not interested in my Top 20. Many of them are in my Top 20, but not all. I'm worried more about stock markets and pension funds, although my pension fund itself is in lifetime fixed annuities that are not going to change with stock price movements unless there is a complete capital markets disaster (think Bernie Sanders). 

January 3, 2020 reply from Professor XXXXX at Trinity University

Bob,

We ARE interested in your Top 20. I am, because I enjoy a lot of your posts; I am sure there are also those who will come back and gloat in a year if you are largely wrong!

Happy New Year,

Reply from Bob Jensen on January 4, 2020

I will reply in a limited way with my biggest fears that are neither predictions of what will happen or unique in terms of fears of most of us.

My 2020 fear is that civil differences will increase and become more violent due to rising hate and hostility fanned by the news media and social networks.. For example, if Antifa arms then White Nationalists will turn to sniper rifles and destructive drones. Our government and business leaders will live in bunkers in lifestyles that will turn away our most able potential leaders who do not want to become terrorism targets.

To date terrorists have been pretty stupid in target selection such as bombs and shootings in schools, night clubs, subways, and office buildings. Exhibit A is the Unibomber (John Kaczynski)  who sent bombs to a few scientists in the mail. Exhibit  B is Timothy McVeigh who destroyed a Federal building in Oklahoma City and killed 168 people and wounding over 600 others.

Neither of the above two acts of terror seriously disrupted lives and livelihood of the USA as a whole. The Unibomber John Kaczynski could've done far more damage by blowing up research laboratories and researchers while they worked on college campuses and in medical laboratories across the USA. McVeigh and his allies could've instead put huge bombs on boats intended to blowup the supports of the SF Bay Bridge, thereby shutting down the major artery to Silicon Valley for years. And he could've put his bombs in luggage and blown up a BART train deep under the San Francisco Bay in a way that flooded the tunnel or in a truck going deep under the Chunnel connecting France to England.

Even one life taken in terror is a tragic loss, but far more people may be impacted by terrorism that causes massive disruptions in commerce. What I'm saying is that economic targets can have more terrorism payoffs than a relatively small number of human lives.

The brinksmanship media show of Kim Jong-un developing nuclear bombs and long-term missiles is stupid and fanciful relative to the damages he could really inflict in bringing down the USA. He could instead be developing biological and chemical WMDs and then paying billions in gold for cartels and militias to poison USA's urban water supplies, crop lands, supermarkets, and food factories. And if he's really insane he will do this while making the world think the damage is being done by Iran, Russia, China, Venezuela, etc.

My biggest fear is the next stage in evolution from army face offs on battle fields (think trenches in WW I) to aircraft bombings (think of the air wars in WW II) to guerilla warfare (think Afghanistan). In the past the armies were organized with chains of command that controlled both the destruction and the peace making. The next stage may well be destruction caused by hundreds or thousands of crime cartels and militias that have no central nervous systems. Taking out a cartel's leadership only inflames the future damage done by that cartel --- especially where the cartels are more powerful than the national armies (thin Mexico). 

Here's how Kim Jong-un could perhaps secretly bring down the USA. He'd subversively give gold to the cartels and militias and other hate groups to deliver the chemical and biological WMDs. If the USA blamed a world power like Iran then World War III might commence on a scale never known  before..

In summary, my fear (rather than prediction) is that headless cartels, militias, and hate groups will destroy the USA economy. But before that happens Bernie Sanders may have already done that  job with tens of trillions in economy destroying taxation and social spending.

Aircraft carriers in the world will soon be museums while submarines threaten to incinerate the hungry and thirsty and sick people who can still stand on two feet.

My hope is the natural fact that parasites are usually more successful if they don't destroy their hosts. North Korea surely knows that it will not prosper if the free world economies go down. Surely Iran knows better than to destroy itself trying to bring down the USA and Israel.

What about my other assorted predictions?

Baldness will probably become a choice in physical appearance rather than an inevitable affliction.

I make no predictions about climate change other than state my belief that natural forces are too big for humans to turn around. Science of living with a changed climate will have more payoff than destroying economies to retard climate change.

I think hydrogen fuel cells will overtake all other forms of renewable energy unless there are huge unforeseen discoveries in energy science

Genetic improvements in human lives will be heavily resisted on ethics grounds, but one day science will win out --- but not in 2020.

In the process of providing affordable healthcare to all residents of the USA my country will reduce the flow of illegal immigrants to a trickle.
Leftist Trump hater Paul Krugman put it best:

Open immigration can’t exist with a strong social safety net; if you’re going to assure healthcare and a decent income to everyone, you can’t make that offer global ---
Paul Krugman
https://www.goodreads.com/quotes/724654-open-immigration-can-t-exist-with-a-strong-social-safety-net

Restricting illegal immigration makes advanced economies duty bound to better share their prosperity with the less fortunate masses on earth.

With continued and improved economic prosperity will also bring greater prosperity for colored and well as whites, females as well as males, and people with different sexual orientations.

But the wrinkle I cannot iron over is the impact of automation on the labor markets at all levels (white collar and blue collar). I honestly think that the claim that automation will create more jobs rather than less jobs is overly optimistic ---
http://timharford.com/2020/01/book-of-the-week-1-a-world-without-work/

Great economic innovations are needed to resolve enormous future conflicts between humans and their latest labor-saving machines.


History of United States Immigration Laws ---
https://mail.google.com/mail/u/0/#inbox/FMfcgxwGCkZzrvQkcFbRplBPwBFwmFDs


Reporting Recipe: How to Investigate Professors’ Conflicts of Interest ---
https://www.propublica.org/article/reporting-recipe-how-to-investigate-professors-conflicts-of-interest?utm_source=pardot&utm_medium=email&utm_campaign=dailynewsletter
Thank you Denny Beresford for the heads up.

Jensen Comment
If a professor stays within the guidelines of university policy on outside activities (for a fee or for free) I hesitate to assume that those activities affect teaching and research. Extreme biases in teaching usually become known from students. Research biases generally are obvious in in working papers and publications. These biases can impact on performance evaluations, tenure, etc. unless the entire system is biased --- which can be the case in the Academy ---
http://faculty.trinity.edu/rjensen/HigherEdControversies.htm#LiberalBias


Why Online Education Works ---
https://www.cato-unbound.org/2012/11/12/alex-tabarrok/why-online-education-works

Jensen Comment
Virtually every pedagogy works (at times) or fails (at times). There are many variables affecting success, much of it related to student ability (at the level being taught) and student motivation to do the work (because learning is hard work).

The question is to learn more about what the advantages and disadvantages of any pedagogy and then make decisions regarding when and how to use that pedagogy. For example, one of the advantages of spoon-fed lecture learning is speed and ease of learning for motivated students. One of the drawbacks of lecture learning is reduced long-term memory when compared with learning on your own ---
http://faculty.trinity.edu/rjensen/265wp.htm
One-on-one tutoring or very small classes usually work better for unmotivated students or students with learning disabilities. But small classes are inefficient for educating the masses when resources are limited.

Online education, like onsite education, has various pedagogy alternatives. Yes you can lecture online. Yes you can in some circumstances use Socratic method and group cases online with live student interactions (think chat rooms). Yes you can have instant communications between students online.

What sets online apart from onsite learning is physical presence in onsite learning and some of the things that accompany physical presence such as serendipity moments when two students who by happenstance leave class side-by-side and commence a conversation about the content of a class. Especially keep in mind that there are many other benefits of physical presence on a campus that go beyond learning. But there are also benefits of having physical presence elsewhere why taking courses.

What sets online learning apart from onsite learning is logistics of online learning that avoids having to leave a home or a workplace, commute to a campus, walk to a classroom, etc. My favorite example is the student in a remote location in Tibet who distinguished himself after taking several free online MOOC courses delivered by MIT. He performed so well he eventually became an onsite Ph.D. student at MIT.

Bob Jensen's threads about online learning and education technology in general are at
http://faculty.trinity.edu/rjensen/000aaa/0000start.htm
You might especially note the link to the dark side.


Ponzi schemes, promissory notes are top 2020 scams, NASAA says ---
https://www.investmentnews.com/promissory-notes-ponzi-schemes-investor-threats-nasaa-175732
State regulators also see trouble in real estate, cryptocurrencies and social media investments

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


NYU professor Scott Galloway on Oyo: 'When poor judgment looks for quick fixes, corruption can rear its head' ---
https://www.businessinsider.com/scott-galloway-oyo-poor-judgment-quick-fixes-corruption-softbank

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


Democrats Nervous as 'Profiles in Corruption' Book Hits Market ---
https://www.blabber.buzz/conservative-news/745378-democrats-nervous-as-profiles-in-corruption-book-looms-special?utm_source=c-am&utm_medium=c-am-email&utm_term=c-am-GI&utm_content=2KvkcSGywrCfXsRfotUH4XJ8Trg..A

Amazon's Deal ---
https://www.amazon.com/Profiles-Corruption-Peter-Schweizer/dp/006289790X/ref=sr_1_1?keywords=Profiles+in+Corruption&qid=1578744545&s=books&sr=1-1

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

 


Accountancy Professors No Longer Blog

UC Berkeley Blogger Brad Delong (Economics):  "I can safely say that I have learned more than I ever would have imagined doing this."
https://www.bradford-delong.com/2019/12/blogging-what-to-expect-here.html
Jensen Comment
There are hundreds of great bloggers among professors in almost every academic discipline. Accountancy is an exception. We never have had many professor blogs, and the few we've had quit blogging. Jim Martin and I are getting old. Won't some accounting professor commence to blog?

Joe Hoyle still blogs once or twice a month but his posts are limited to his classroom teaching. Most of the faculty bloggers in accountancy dropped out or almost quit, including some of my favorites like The Grumpy Old Accountants, Accounting Education News, Accountinator, Accounting Cycle, Building Business Value, Zorba, The Accounting Onion, FraudBytes , MyEMBA, Pondering the Classroom, RandomThoughts (nothing in nine months), Really Engaging Accounting, Stephen Lynn's Blog, Stategic Management Accounting, Teaching Managerial Accounting, The Professor's Perspective, The Summa, The TaxDoc Spot, The Accounting Coach, The XBRL Canada Blog, Thinking Outside the Box, Tic Marks, Análise de Balanço, Globaliconta, Ideias Contábeis, and Professor Lopes de Sá.

I suspect virtually every other academic discipline had short-lived blogs by faculty who burned out of blogging or ceased blogging for whatever reasons.
But in accountancy there are no new bloggers stepping in to replace the departed bloggers.

The AECM Listserv is a unique forum where accounting educators (and others) enter into debates as well as add news items. Many of the most active contributors, however, have dropped out such that there are many lurkers and only a few actives. I miss some of the former actives who liked to needle me and egg me on. I also miss some genuine experts who broadened my understanding of the world (like David Fordham) and some who were sometimes outrageous (like David Albrecht).
You don't have to be a member of the American Accounting Association to join the AECM listserv ---
http://listserv.aaahq.org/cgi-bin/wa.exe?HOME

What is really disappointing to me is that I can't think of an accounting educator from a prestigious university who blogs. Accountics scientists rarely stick their heads out of the ground. If I'm missing somebody here please let me know! They sometimes contribute working papers to SSRN, but the SSRN has a wall preventing interactive exchanges with authors. It's like they don't want to be bothered by readers.

I really, really miss the Grumpy Old Accountants because they adopted the Abe Briloff (Barrons) style of criticizing published financial statements. I also miss Accounting Education News that kept me up to date on happenings on the other side of the pond.

Jim Martin and Bob Jensen are getting old.

Jim Martin's MAAW Blog --- http://maaw.blogspot.com/

Bob Jensen's Three Long-Time Blogs


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


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


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

Why won't some other accounting professors commence to blog?

Robot Wisdom and How Jorn Barger Invented Blogging --- http://firstsiteguide.com/robot-wisdom-and-jorn-barger/
http://firstsiteguide.com/robot-wisdom-and-jorn-barger/

How to Start & Create a Blog Today: Step-by-Step ---
http://www.onblastblog.com/

How to Start a Blog ---
http://www.setupablogtoday.com/

Start a Blog ---
http://www.startablog123.com/

Blogging --- http://firstsiteguide.com/

Bob Jensen's gateway to millions of other blogs and social/professional networks ---
http://faculty.trinity.edu/rjensen/ListservRoles.htm


Learn How to Create a Webinar Page With WordPress ---
https://readwrite.com/2019/12/19/learn-how-to-create-a-webinar-page-with-wordpress/

Bob Jensen's threads on Tools and Tricks of the Trade ---
http://faculty.trinity.edu/rjensen/000aaa/thetools.htm


Thomas Piketty:  Good work intermingled with highly questionable partisan material -- and how so many academics, if the mood affiliation tilts in the right direction, will tolerate or even encourage partisanship  ---
https://marginalrevolution.com/marginalrevolution/2019/12/capital-and-ideology-by-thomas-piketty.html


How to Be a Statistical Detective:  You Do Not Have to Be a Statistics Expert ---
https://onlinelibrary.wiley.com/doi/abs/10.1002/pmrj.12305

Jensen Comment
Although you don't have to be a statistics expert, you do have to know something about definitions and underlying assumptions. One of the most important thing to be aware of is the concept of "robustness" ---
https://en.wikipedia.org/wiki/Robust_statistics
Robustness often deals with the relevance of a finding in terms of its underlying assumptions. Robust findings usually allow for rather generous violations of underlying assumptions. For example, capital markets studies in finance often assume markets are efficient in terms of impounding events instantly into price changes. Markets are almost never perfectly efficient, but some capital markets studies are more robust than others in terms of how the findings hold up in terms of market inefficiencies.

Another statistical assumption that is often violated in randomness. For example, does every member of a statistical population have an equal chance of being selected in a sample. The classical example of violations of randomness is in opinion polling where something prevents random selection. When teaching sampling a common example is the political polling by telephone in the days when a lot of voters did not have telephones ---
https://en.wikipedia.org/wiki/Opinion_poll

Another thing to be keenly aware of is how outliers might impact findings. For example outliers can impact both reporting of means and medians, but medians are often less sensitive to a small number of outliers. Modes are not sensitive to outliers, but they have severe problems as measures of central tendency such as when distributions are bimodal.

The main problem I find in reporting statistical findings is failure to report distributional outcomes such as when means are reported without graphical displays of the distributions of outcomes. For example, when reporting average (mean or median) salaries of college graduates the distributions are often very skewed by having a rather large number of graduates who choose not earn any salary or a very low part-time salary because of becoming new parents or choosing to take some time off from working after graduation. Also some people fall into abnormally high salaries after graduating such as graduates who become instant CEOs in a family business.

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


The end of December 2019 week at Retraction Watch featured:

·         The story of what happened when researchers tried to publish a Nature paper 600 times

·         How a plagiarized image in NEJM was discovered;

·         A new scam involving special issues of journals;

·         Four retractions for an endocrinology researcher in South Korea.

Here’s what was happening elsewhere:

·         “You don’t need a degree in statistics to catch most of these errors.” Kristin Sainani on “how to be a statistical detective.”

·         The Van Andel Research Institute pays the U.S. government $5.5 million to settle allegations that it hid generous grants from China to two of its researchers.

·         15 studies that challenged medical dogma in 2019, according to Eric Topol.

·         The “I was prompted to kill my student and lover because someone was accusing me of plagiarism” defense.

·         A college bookstore suspended the sales of three sociology textbooks after allegations that the author, a faculty member, plagiarized.

·         Among authors of dermatology textbooks, “The total compensation [from pharmaceutical companies] for 381 authors in 2016 was $5,892,221.”

·         Guess which scientific sleuth is quoted by Merriam-Webster’s dictionary for use of the word “overadjusted?”

·         A Trump official committed “localized instances of plagiarism” in her thesis, Columbia found.

·         “Unfortunately, many journal editors don’t have the courage to keep science clean.”

·         “The current methods used to prevent/contain misconduct are vague, ineffective, insufficient, or poorly implemented.”

·         A look back at the infallibity of science in the decade that is about to come to an end.

·         Should publishers be suing Sci-Hub?

·         “Our view is that hiding self-citation data is indefensible and needlessly confuses any attempts to understand the bibliometric impact of one’s work.”

·         “Participant carelessness and fraud: Consequences for clinical research and potential solutions.”

·         “How did our advice about research ethics work out, four years later?” asks Andrew Gelman.

·         Finnish institutions of higher education have “inconsistent responses to notifications of suspected plagiarism,” says a new study of cases.

·         “There is substantial published evidence showing that countless people enroll each year in ethically deficient clinical trials.”

·         “Unfortunately, a scholar’s tendency to emphasize the claims of science are ineffective.”

·         In which biotech companies duke it out by press release.


Psychiatrist who stole grant funds also engaged in research misconduct ---
https://retractionwatch.com/2019/12/30/psychiatrist-who-stole-grant-funds-also-engaged-in-research-misconduct-says-ori/


Government Standards Are Making 5-Year-Olds and Kindergarten Teachers Miserable ---
https://reason.com/2019/12/27/kindergarten-test-standards-reading-math-teachers/


What Big University Tops CPA Exam Passage Rates ---
https://goingconcern.com/friday-footnotes-which-big-school-tops-cpa-exam-lists-pcaob-goals-big-4s-say-fine-12-27-19/


Can the Usage of Artificial Intelligence Computer Writing Nullify Human Content Writers?
https://readwrite.com/2019/12/27/can-the-usage-of-article-generators-nullify-content-writers/

Jensen Comment
Not all computer writers are created equally --- just like human writers are not created equally. It would seem to me that much depends upon the ability of computer writers to search for material to include in content without committing plagiarism. It would also seem that if computer chess players can invent great moves that human experts have never seen before that computer writers will one day be better than experts in creating content never seen before.

But the line between prize-winning writing and nonsense is tricky business for computer writers since writing does not have rules as restrictive as the rules of chess playing. It may well be that a computer writer might have to generate a million versions of an article or book chapter before generating one that satisfies critics. Who wants to read the other 999,999 lousy versions?


California public schools can’t suspend students for disobeying teachers, new law says ---
http://www.freerepublic.com/focus/f-news/3803751/posts
Say goodbye to order in the classroom


Barack Obama's 19 Favorite Books of 2019 ---
https://www.businessinsider.com/barack-obama-favorite-books-2019-list-2019-2019-12

The Atlantic:  The 15 Best Books of 2019 ---
https://www.theatlantic.com/entertainment/archive/2019/12/15-best-books-of-2019/603880/

Stanford University Graduate School of Business Recommended 10 Books for 2019 ---
https://www.gsb.stanford.edu/insights/gift-list-10-books-share-holidays?utm_source=Stanford+Business&utm_campaign=2e8eed3246-Stanford-Business-Issue-178-12-29-2019&utm_medium=email&utm_term=0_0b5214e34b-2e8eed3246-70265733&ct=t(Stanford-Business-Issue-178-12-29-2019) 


Is College Still Worth It? The New Calculus of Falling Returns ---
https://www.stlouisfed.org/~/media/files/pdfs/hfs/is-college-worth-it/emmons_kent_ricketts_college_still_worth_it.pdf?la=en

The college income premium—the extra income earned by a family headed by a college graduate over an otherwise similar family without a bachelor’s degree—remains positive but has declined for recent graduates. The college wealth premium (extra wealth) has declined more noticeably among all cohorts born after 1940. Among non-Hispanic white family heads born in the 1980s, the college wealth premium is at a historic low; among all other races and ethnicities, it is statistically indistinguishable from zero. Using variables available for the first time in the 2016 Survey of Consumer Finances, we find that controlling for the education of one’s parents reduces our estimates of college and postgraduate income and wealth premiums by 8 to 18 percent. Controlling also for measures of a respondent’s financial acumen—which may be partly innate—, our estimates of the value added by college and a postgraduate degree fall by 30 to 60 percent. Taken together, our results suggest that college and post-graduate education may be failing some recent graduates as a financial investment. We explore a variety of explanations and conclude that falling college wealth premiums may be due to the luck of when you were born, financial liberalization and the rising cost of higher education.


Prisoner’s Dilemma --- https://en.wikipedia.org/wiki/Prisoner%27s_dilemma 
Resisting Wind Turbines:  The Innovation Prisoner’s Dilemma --- 
https://marginalrevolution.com/marginalrevolution/2019/12/the-innovation-prisoners-dilemma.html 

Best of Brain Pickings 2019 ---
https://www.brainpickings.org/2019/12/28/best-of-brain-pickings/?mc_cid=2efa0422ae&mc_eid=4d2bd13843


Of the 50m children currently learning the piano worldwide, as many as 40m may be Chinese ---
https://twitter.com/TheEconomist/status/1209899538204577793


Famous Leftist Reporter Who Fabricated Stories ---
https://en.wikipedia.org/wiki/Stephen_Glass


Active Learning Works But Students Don’t Like It ---
https://marginalrevolution.com/marginalrevolution/2019/09/active-learning-works-but-students-dont-like-it.html
Students prefer to be spoon fed

Bob Jensen's threads on Metacognitive Concerns in Designs and Evaluations of Computer Aided Education and Training ---
http://faculty.trinity.edu/rjensen/265wp.htm


Teaching a computer Chinese made it excellent at English ---
https://qz.com/1775729/baidus-chinese-language-algorithm-is-excellent-at-english/


Syracuse Launches Nation's First Online Joint JD/MBA Degree ---
https://taxprof.typepad.com/taxprof_blog/2019/12/syracuse-launches-nations-first-online-joint-jdmba-degree.html


Books about the biggest business scams of our time — including Enron, Bernie Madoff, and Theranos ---
https://www.businessinsider.com/business-books-about-fraud-scandal

 


One Hundred Most Important Gadgets of the Decade ---
https://www.theverge.com/2019/12/10/20997215/best-gadgets-decade-2010s-list-roundup-apple-iphone-tesla-amazon-samsung

The 13 gadgets that had the biggest impact this decade ---
https://www.businessinsider.com/top-gadgets-that-changed-the-game-this-decade-2019-12

The 11 most important retail products and services of the decade, according to a team of product journalists and reviewers ---
https://www.businessinsider.com/most-important-products-of-the-decade


Women Now Majority at Medical Schools ---
https://www.insidehighered.com/quicktakes/2019/12/11/women-now-majority-medical-schools?utm_source=Inside+Higher+Ed&utm_campaign=b05c7037b4-DNU_2019_COPY_01&utm_medium=email&utm_term=0_1fcbc04421-b05c7037b4-197565045&mc_cid=b05c7037b4&mc_eid=1e78f7c952

Women Now a Majority in Accounting Masters Programs (that are the most popular way of qualifying to sit for the CPA examination) ---
https://www.aicpa.org/content/dam/aicpa/interestareas/accountingeducation/newsandpublications/downloadabledocuments/2019-trends-report.pdf
The largest multinational CPA firms now hire more women than men

Why do students choose accounting?
https://blog.aicpa.org/2019/11/why-did-you-become-an-accountant.html#sthash.9g91hjmY.dpbs

Jensen Comment
My parents pointed out that, not only was medical school too expensive, 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.

 


Gig Worker --- https://en.wikipedia.org/wiki/Gig_worker

California Assembly Bill 5--- https://en.wikipedia.org/wiki/California_Assembly_Bill_5_(2019) 

Everything contractors and freelancers need to know about navigating California's new Assembly Bill 5, which is set to drastically change the gig economy in the state ---
https://www.businessinsider.com/how-freelancers-contractors-remain-independent-navigate-california-ab5

. . .
How AB5 works 

Post Dynamex, every worker is considered an employee — meaning they're entitled to any benefits the company offers, and the company controls when and how they do their work — unless all three parts of the following ABC test are true:

A. The worker must be free from the hiring company's control in how and when they do their job.

B. The worker must perform work outside of the hiring company's core business.

C. The worker is customarily engaged in an independently established trade, occupation, or business of the same nature as the work performed for the hiring entity.

There are several occupations exempt from AB5, such as accountants, insurance brokers, and investment advisors. For them, the ABC test isn't necessary, but those individuals do still have to pass the Borello test, which has been in place since before Dynamex.

"The Borello test looks at 11 factors, none of which are determinative, such as whether their work is part of the client's regular business, the degree of permanence of the working relationship, and whether or not the parties believe they're in an employer-employee relationship," explained Alicia Calzada, deputy general counsel of the National Press Photographers' Association (NPPA), an organization that represents and advocates for visual journalists all over the country. They filed a lawsuit against AB5 in mid-December.

Under the Borello test, Uber and Lyft could classify their drivers as independent contractors because not all 11 factors had to be met in order to achieve independent contractor status for their drivers. The main priority was to ensure that workers controlled when and how they worked. Since drivers can choose when they pick up passengers and how long they drive for each day, this wasn't an issue. 

But now, thanks to AB5, Lyft and Uber are subject to the ABC test and must satisfy all three parts, which will be quite difficult for them to do. When it comes to part 'b,' drivers directly contribute to the core business. What would these rideshare companies do without drivers? And in regards to part 'c,' drivers likely aren't operating a rideshare platform of their own. 

As for freelance creatives — writers, editors, photographers, designers, and so forth — they can no longer submit more than 35 pieces of content to a single employer in one year. According to the new stipulations of AB5, submitting more than 35 moves them out of the classification of independent contractor and into employee status.  

Continued in article

California’s gig work law targets Uber and Lyft. It could hit taxis instead ---
https://www.sfchronicle.com/business/article/California-s-gig-work-law-targets-Uber-and-14565001.php?utm_campaign=CMS Sharing Tools (Premium)&utm_source=t.co&utm_medium=referral

SF Chronicle:  Musicians and actors invented the gig. Assembly Bill 5 law threatens their way of working ---
https://www.sfchronicle.com/entertainment/article/Musicians-and-actors-invented-the-gig-A-new-law-14924567.php

. . .

“My concern is that we’ll see a massive creative drain out of the state,” said Susie Medak, managing director of Berkeley Repertory Theater. “What will happen to the small dance, theater or opera companies where there is so little income? That’s why they pay stipends. Nobody’s getting rich.” Many smaller performing arts companies in the Bay Area say that while they support a fair wage for artists and theater makers, they fear AB5 would destabilize them. They hope for an exemption for nonprofit arts companies or for artists who work minimal hours.

Continued in article

 

The most important gig economy employer of 2020 won't be Uber or DoorDash — it'll be the US government ---
https://www.businessinsider.com/census-bureau-hiring-federal-employment-spike-chart


How to Mislead With Statistics

Market Capitalization  --- https://en.wikipedia.org/wiki/Market_capitalization
Market cap is given by the formula MC = N × P where MC is the market capitalization, N is the number of shares outstanding, and P is the closing price per share.

Jensen Comment
Although the above article contends MC is the "equity value of a company", I flatly deny that a market capitalization value is "the" equity value of the company unless all or most of the shares are traded such as in a cash acquisition of all the shares. The closing price (Marginal P) may only be 100 or less shares,  and their price per share will be vastly different than the (usually unknown) closing value of all shares divided by all outstanding shares. No analyst in the world contends that the closing (marginal) price of a company's shares is indicative of the total equity value of a corporation.

First and foremost the closing (marginal) price based in a small trade of only a few shares does not reflect control of the company. The element of control (which may entail less than 50% of the shares) is of enormous value (and risk) that is not reflected in a small marginal trade (e.g., 100 shares) at the end of a trading day.

Secondly and importantly the closing (marginal) price of a few shares reflects total market ups and downs that often have little to do with the underlying long-term equity value of a given company such as the downslide of market closing prices of Ford and Tesla following a missile attack on a couple of fuel tanks in Saudi Arabia. Tesla stock prices may actually decline as part of a general market price slide even though Tesla cars do not consume gasoline. I don't think Iran's recent missile attack on a Sauidi oil field had any impact on the long-term value of Ford and Tesla.

Thirdly, daily closing prices of small trades are impacted by short-term trading strategies and liquidity preferences of investors who only trade relatively small numbers of shares relative to total outstanding shares. Total (unknown) equity values of Ford and Tesla change very little day-to-day as a rule whereas the short-term trader profits and losses my change enormously. Small trades take place most of the time even when total equity value is unchanged.

Baloney Stat BS:  Tesla is now the highest-valued automaker in US history
Tesla is now the highest-valued automaker in US history ---
https://markets.businessinsider.com/news/stocks/tesla-stock-price-rally-most-valuable-us-car-maker-history-2020-1-1028804022
This kind of headline should not be allowed

Tesla’s market cap is now double Ford’s ---
https://qz.com/1779609/teslas-market-cap-is-now-more-than-double-fords/

Jensen Comment
So now let's compare what factors (aside from small trader speculations) are extremely important to the total equity value of Tesla versus Ford.

Tesla Inc.

Revenue

US$21.46 billion (2018)

Operating income

US$-0.39 billion (2018)

Net income

US$−0.98 billion (2018)

Total assets

US$29.74 billion (2018)

Total equity

US$4.92 billion (2018)

Owner

Elon Musk (21.7%)[3]

Number of employees

45,000[4] (2018)

 

Ford Motor Company ---
https://en.wikipedia.org/wiki/Ford_Motor_Company

 

Revenue

US$160.33 billion (2018)[2]

Operating income

US$3.27 billion (2018)[2]

Net income

US$3.67 billion (2018)[2]

Total assets

US$256.54 billion (2018)[2]

Total equity

US$35.93 billion (2018)[2]

Owners

·         The Vanguard Group (5.82%)[3]

·         Evercore Wealth Management (5.58%)

·         Ford family
(2% equity; 40% voting power)
[3][4]

Number of employees

199,000 (2018)

Even though GAAP accounting statements are not based upon current values of all assets and liabilities GAAP accounting suggests Tesla has a lot less total equity value than Ford? Anybody who invests entirely on Tesla instead of Ford in pension savings is gambling big time. The risk of gambling a small proportion of savings in Tesla can be diversified, but the risk of gambling everything on Tesla is far greater than investing everything in Ford.

https://www.investopedia.com/ask/answers/122314/what-difference-between-market-capitalization-and-market-value.asp

The reason GAAP accounting does not report current value of a company's total equity is that nobody in the world knows how to compute total equity value unless future streams of the company's net cash flows are known to infinity

What accountants call current "exit values" of most assets and liabilities are prohibitively costly to estimate with reliability and the sums of asset and liability exit values are misleading as estimates of total equity value because exit values of individual items do not reflect interactive higher order interaction covariances ("value in use") that are usually impossible to estimate along with the values of intangibles that nobody knows how to estimate such as the current value of the labor forces of Apple, Microsoft, Tesla, and Ford. The value of an intangible employee (think Elon Musk) is fundamentally different than the tangible value of a building or machine (think robot), because management cannot control the use of an employee in the same manner as a building or machine. A machine cannot by itself decide to change companies or retire from the company. But an employee can simply decide to no longer work for a company. Slavery was prohibited long ago.

Two reasons Ford is fundamentally more valuable than Tesla are financial scale and diversification. Ford owns a lot more tangible assets than Tesla that will be valuable if both Ford and Tesla fail. Ford has a lot more borrowing capacity since Tesla is so deep in debt relative to assets. Ford is much more likely to be bailed out by the USA government in times of financial emergency due to the bargaining power of four times as many employees and the dependency of local communities across the USA on tax revenues from Ford assets and employees. 

Suppose that new technology such as cheap hydrogen fuel cells make both lithium battery and gasoline powered cars obsolete. Ford has more cash, more factories, more employees, and more borrowing power (credit)  to quickly shift to manufacture of hydrogen-powered vehicles.. Tesla is stuck with one car ,manufacturing factory (using tents) in the USA. lousy credit, and many fewer employees to quickly compete in the USA's hydrogen vehicle market.

Baloney Stat BS:  Tesla is now the highest-valued automaker in US history
Tesla is now the highest-valued automaker in US history ---
https://markets.businessinsider.com/news/stocks/tesla-stock-price-rally-most-valuable-us-car-maker-history-2020-1-1028804022
This kind of headline should not be allowed

Why Hydrogen Fuel Cell Cars are Tesla's Biggest Threat
https://www.businessinsider.com/hydrogen-fuel-cell-cars-teslas-biggest-threat-2019-12

Two reasons Ford and the other larger vehicle manufacturers are  fundamentally more valuable than Tesla are financial scale and diversification. Ford owns a lot more tangible assets than Tesla that will be valuable if both Ford and Tesla fail. Ford has a lot more borrowing capacity since Tesla is so deep in debt relative to assets. Ford is much more likely to be bailed out by the USA government in times of financial emergency due to the bargaining power of four times as many employees and the dependency of local communities across the USA on tax revenues from Ford assets and employees. 

Suppose that new technology such as cheap hydrogen fuel cells make both lithium battery and gasoline powered cars obsolete. Ford has more cash, more factories, more employees, and more borrowing power (credit)  to quickly shift to manufacture of hydrogen-powered vehicles.. Tesla is stuck with one car ,manufacturing factory (using tents) in the USA. lousy credit, and many fewer employees to quickly compete in the USA's hydrogen vehicle market.

Tesla is a Ponzi fraud!


World's Dumbest Crooks: Two Men Accused of Gluing Winning Lottery Numbers on Losing Ticket ---
https://pjmedia.com/trending/worlds-dumbest-crooks-two-men-accused-of-gluing-winning-lottery-numbers-on-losing-ticket/


Free Textbooks for Law Students ---
https://www.insidehighered.com/news/2020/01/03/free-law-textbooks-raise-questions-about-oer

Jensen Comment
It's common for authors whose textbooks have been dropped by publishers to donate those books to free sites. But there's a huge problem with this --- there's no incentive to keep those books up to date or to add new teaching materials like problems and cases. and test banks. The best alternative for updating is probably a wiki textbook, but with so few teachers adopting wiki textbooks the new update material from users is sparse. In most instances the free textbooks just fade away.

Here's a summary of some of the leading sources for free textbooks in various disciplines ---
http://faculty.trinity.edu/rjensen/ElectronicLiterature.htm#Textbooks

My teaching philosophy was always to adopt the best textbook available even if its expensive. I suspect this is because when I was a student I often learned more from the textbook than I did the teacher. Why pay a lot for a course and then go cheap on the textbook? That's like going to an expensive menu intent on ordering the cheapest menu item even if it's an item you don't particularly like.


Russian Journals Retract More Than 800 Papers Following Probe ---
https://www.insidehighered.com/quicktakes/2020/01/09/russian-journals-retract-more-800-papers-following-probe?utm_source=Inside+Higher+Ed&utm_campaign=06516695f4-DNU_2019_COPY_02&utm_medium=email&utm_term=0_1fcbc04421-06516695f4-197565045&mc_cid=06516695f4&mc_eid=1e78f7c952

Jensen Comment
Russian has long been noted as a nation where both professors and student cheat.


Portland Passes “Green New Deal” Carbon Tax, First Of Its Kind in the Nation:  Who Pays the Tax? ---
https://www.blabber.buzz/conservative-news/743404-portland-passes-green-new-deal-carbon-tax-first-of-its-kind-in-the-nation?utm_source=c-alrt&utm_medium=c-alrt-email&utm_term=c-alrt-GI&utm_content=4_IBzIGwv_cPJlMRU4kb7RWtLkQ..A

Jensen Comment
This tax that exempts some essential businesses like waste haulers. The city hopes to raise $30 million or more from big box stores like Walmart, Target, and Home Depot.

If this tax went statewide or nationwide the big box stores would most assuredly raise prices to pay the tax. It's not clear whether one city's tax will result in local prices (think Walmart) in Portland being higher than local prices in surrounding cities. It's hard to raise prices in one city alone.. For example, if customers order products from Walmart online and pick them up at a Portland store will Walmart add a pollution tax fee for picking up the items at the store? I doubt it. It's more likely that Walmart will move the store.

Or they might treat the tax as their charitable contribution to the poor and homeless of Portland, Oregon. These stores accordingly may give less to Portland's United Fund and other charities.

This new Portland carbon tax is tricky business since firms like Walmart have such thin profit margins. Walmart profits are based on volume of sales that add up narrow profit margins on each item sold. A given store's profit to doesn't add a whole lot of of profit to that worldwide profit. If you take away all the profit of a local store then there's no incentive to keep the local store open. That's probably why Portland hopes this tax does not seriously hurt the profit of a given store or that local prices of items will not be higher than prices of the goods sold outside of Portland.

It will be interesting to see how Walmart, Target, Home Depot react to this tax. I can tell you how they reacted to Vermont sales tax differentials relative to New Hampshire (that has no sales tax). All the new big box stores went to New Hampshire, with many of those new stores being in small communities just across from the Vermont border. On any given day at our nearby Woodsville and LIttleton Walmart stores more than half the license plates in the parking lots are Vermont license plates. The towns on the Vermont side of the border (think Wells River) have very few retail stores left and probably no gasoline stations. The only gasoline station in Wells River, Vermont has been boarded up for over a decade. The New Hampshire towns on the other side of the border benefit from high property taxes on the big box stores that don't exist on the Vermont side of the border. Chasing away the big box stores is like cutting off your nose to spite your face.

I repeat most emphatically that if the entire USA adopts a carbon tax similar to that of Portland, Oregon it's the low income and middle income customers who will pay the tax by way of price increases. The same is true for the green initiatives, Medicare-for-All, free college, basic income, and other multi-trillion spending programs being proposed by 2020 presidential candidates. The candidates may promise that the money will be raised from big corporations, but big corporations don't pay any taxes. They collect their taxes from customers who more often than not are low income and middle income customers.

Maybe climate change is so serious that a carbon tax is a good thing. My point is that the tax will be mostly paid by the low income and middle income customers, because there are so many more of those customers spending money in the USA relative to wealthy customers.


The Grumpy Economist:  Wealth and Taxes, Part V ---
https://johnhcochrane.blogspot.com/2020/01/wealth-and-taxes-part-v.html

Here's a humorous and serious TED talk that seriously argues why the world needs billionaires ---
https://www.ted.com/talks/harald_eia_where_in_the_world_is_it_easiest_to_get_rich


How Online Shopping is Evolving with the Times ---
https://readwrite.com/2020/01/08/how-online-shopping-is-evolving-with-the-times/

 


Introduction to the Essays of Warren Buffett: Lessons for Corporate America

GWU Law School Public Law Research Paper No. 2019-71

GWU Legal Studies Research Paper No. 2019-71

SSRN
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3502553
26 Pages
Posted: 13 Dec 2019 Last revised: 17 Dec 2019

Lawrence A. Cunningham

George Washington University

Multiple version iconThere are 2 versions of this paper

Date Written: December 11, 2019

Abstract

This is Professor Cunningham's Introduction to his renowned edited collection of Warren Buffett's famous letters to shareholders of Berkshire Hathaway Inc. The collection was originally prepared for a symposium held in New York City in 1997 and has been regularly updated through five editions, with additional Buffett material and Cunningham annotations. This Introduction, from the fifth edition (2019), serves as an encapsulation of the main themes of the resulting collection and locates them in contemporary debates on matters of corporate governance; corporate finance and investing; mergers and acquisitions; and accounting and taxation.

 

 

Keywords: value investing, Warren Buffett, margin of safety, circle of competence, modern finance theory, executive compensation, corporate governance

JEL Classification: M10, G34, G24, G31, M41, M43, M44, M45, H25


The Weakened Ruble:  Chinese Tourists Are Flocking to Russia ---
https://www.ozy.com/the-new-and-the-next/why-chinese-tourists-are-flocking-to-russia/264589/?utm_term=OZY&utm_source=Sailthru&utm_medium=email&utm_campaign=DailyDose%20%282020-01-12%2017:38:54%29&utm_content=Final

 


Europe dreams of a four-day (24-hour) working week… but is it possible?
https://newseu.cgtn.com/news/2020-01-12/Europe-dreams-of-a-four-day-working-week-but-is-it-possible--N43Q4ZUg3S/index.html

 

Jensen Comment
In some professions like nursing in the USA four-day (26-40 hour) work weeks are now a norm rather than an exception. In other professions like college teaching it's hard to define work hours of a week since so much of the work like research and writing is not clocked like hours in a classroom that may only add up to 5-10 hours per week. In other professions the hours can be quite variable such as in law and surgery. When building reputations workers often work 60+ hours per week, especially where no "overtime" pay is legalized.

 

One problem with a 24-hour work week is that this enables workers more easily to work two or more jobs. Except where there are labor shortages encouraging income increases with two "full-time" jobs and overtime premium rates become self-defeating in terms of the goals of the 24-hour work week.


Darek Parfit --- https://en.wikipedia.org/wiki/Derek_Parfit 
Note the good stuff and bad stuff (criticisms)

The culture that was Parfit ---
https://marginalrevolution.com/marginalrevolution/2020/01/the-culture-that-was-parfit.html

Jensen Comment
Think of how much better we would be if Parfit had debated his theories (like the Trolley and Lifeboat Problems) with other scholars in a blog.


 

 

 

 


 

 




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


Education Tutorials

 


Engineering, Science, and Medicine Tutorials

A Field Guide for the Entire 21st Century (birds) ---
https://www.theatlantic.com/science/archive/2019/12/audubon-field-guide-21st-century/604141/

The Seven Most Exciting Space Missions Scheduled for 2020 ---
https://www.technologyreview.com/s/614970/the-seven-most-exciting-space-missions-of-2020/

The Five Biggest Space Mission Failures of 2019 ---
https://www.technologyreview.com/s/614969/the-five-biggest-space-failures-of-2019/

Download Beautiful Free Posters Celebrating the Achievements of Living Female STEM Leaders ---
http://www.openculture.com/2019/12/download-beautiful-free-posters-celebrating-the-achievements-of-living-female-stem-leaders.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

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

Reading Notes on Book I of Aristotle's "Politics" ---
https://www.bradford-delong.com/2020/01/reading-notes-on-book-i-of-aristotles-politics.html

Bob Jensen's threads on Economics, Anthropology, Social Sciences, and Philosophy tutorials are at
http://faculty.trinity.edu/rjensen/bookbob2.htm

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


Law and Legal Studies

Introduction to the Essays of Warren Buffett: Lessons for Corporate America

GWU Law School Public Law Research Paper No. 2019-71

GWU Legal Studies Research Paper No. 2019-71

SSRN
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3502553
26 Pages
Posted: 13 Dec 2019 Last revised: 17 Dec 2019

Lawrence A. Cunningham

George Washington University

Multiple version iconThere are 2 versions of this paper

Date Written: December 11, 2019

Abstract

This is Professor Cunningham's Introduction to his renowned edited collection of Warren Buffett's famous letters to shareholders of Berkshire Hathaway Inc. The collection was originally prepared for a symposium held in New York City in 1997 and has been regularly updated through five editions, with additional Buffett material and Cunningham annotations. This Introduction, from the fifth edition (2019), serves as an encapsulation of the main themes of the resulting collection and locates them in contemporary debates on matters of corporate governance; corporate finance and investing; mergers and acquisitions; and accounting and taxation.

 

 

Keywords: value investing, Warren Buffett, margin of safety, circle of competence, modern finance theory, executive compensation, corporate governance

JEL Classification: M10, G34, G24, G31, M41, M43, M44, M45, H25

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


Math Tutorials

 

Bob Jensen's threads on free online mathematics tutorials are at
http://faculty.trinity.edu/rjensen/bookbob2.htm
Scroll down to Mathematics and Statistics

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


History Tutorials

History of United States Immigration Laws---
https://rapidvisa.com/history-of-united-states-immigration-laws/

Russia Is Whitewashing Gulag History ---
https://www.ozy.com/presidential-daily-brief/pdb-264163/?utm_source=pdb&utm_medium=email&utm_campaign=January%2011%2C%202020&variable=b16c6f948f297f77432f990d4411617f&utm_term=OZY#article264240

Reading Notes on Book I of Aristotle's "Politics" ---
https://www.bradford-delong.com/2020/01/reading-notes-on-book-i-of-aristotles-politics.html

A Brief Animated History of Alcohol ---
http://www.openculture.com/2020/01/a-brief-animated-history-of-alcohol.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+OpenCulture+%28Open+Culture%29

How Online Shopping is Evolving with the Times ---
https://readwrite.com/2020/01/08/how-online-shopping-is-evolving-with-the-times/

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

Smithsonian Folkways Recordings ---
https://folkways.si.edu/

 

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


Music Tutorials

Comprehensive study explains that it is universal and that some songs sound ‘right’ in different social contexts, all over the world ---
https://news.harvard.edu/gazette/story/2019/11/new-harvard-study-establishes-music-is-universal/

A beginner’s guide to modern classical music ---
http://lukemuehlhauser.com/how-to-fall-in-love-with-modern-classical-music-4/

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

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


Writing Tutorials

Video on How to Enhance Your Writing ---
https://www.youtube.com/watch?v=NWwawTnT7LM

In writing, habit seems to be a much stronger force than either willpower or inspiration . . . Just set one day’s work in front of the last day’s work. That’s the way it comes out. And that’s the only way it does.
John Steinbeck, Diary ---
http://www.brainpickings.org/2015/03/02/john-steinbeck-working-days/?mc_cid=ba07e5d069&mc_eid=4d2bd13843

From the Scout Report on June 30, 2017

Terminology -- http://agiletortoise.com/terminology 

Terminology is a comprehensive reference tool for the English language. It combines a dictionary, a thesaurus, and an internet-enabled research tool. Terminology's dictionary/thesaurus feature is usable offline. It contains clear, simple definitions along with root words, synonyms, antonyms, more/less specific words, audio pronunciations, and more. Terminology supports wildcard searching, maintains search history, offers spelling suggestions, and allows users to add notes to any term. When used with a network connection, Terminology's definitions are enriched with cross references to online sources like Wikipedia, IMDb, Google, and others. Terminology is available for macOS and iOS. The iOS version adds a "Look Up" option to text in all others apps.

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

The Logistics Glossary --- https://scmedu.org/logistics-glossary/

Why Can't They Write?
Think poor teaching and low expectations
https://jhupbooks.press.jhu.edu/title/why-they-cant-write?elqTrackId=f4c15e046f6a4f1fbf7e615735eb36c8&elq=417ca4b68f2041d2a8b43aea7e38b694&elqaid=22118&elqat=1&elqCampaignId=10841
Grade inflation takes its toll

Grammar Bytes --- www.chompchomp.com

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

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

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



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

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

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

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

December 26, 2019

·         Could Family Dog Lower Child's Schizophrenia Risk?

·         FDA Approves First Generic of Popular Blood Thinner

·         Holidays Tough for People with 'Shopping Disorder'

·         FDA Approves New Type of Drug to Treat Migraines

·         Congress Raises Age to Buy Tobacco Products to 21

·         Vaccinations Rose After California Curbed Exemptions

·         A Puppy in Santa's Sack? Probably Not, Say Parents

·         Despite Danger, Tanning Beds Still a Fixture in Many Gyms

·         Demand for Medical Cost Transparency Spurs Change

December 27, 2019

·         'Intermittent Fasting' Diet Could Boost Your Health

·         More Hard-Boiled Eggs Recalled for Listeria

·         Fatty Diets Tied to Vision Loss in Seniors

·         Skin-Lightening Cream Could Cause Nerve Damage, CDC Report Warns

·         Could Family Dog Lower Child's Schizophrenia Risk?

·         FDA Approves First Generic of Popular Blood Thinner

·         Holidays Tough for People with 'Shopping Disorder'

·         FDA Approves New Type of Drug to Treat Migraines

·         Congress Raises Age to Buy Tobacco Products to 21

December 28, 2019

·         Regular Exercise Cuts Odds for 7 Major Cancers

·         Could Brain Scans Spy Kids' Mood, Attention Problems?

·         'Intermittent Fasting' Diet Could Boost Your Health

·         More Hard-Boiled Eggs Recalled for Listeria

·         Fatty Diets Tied to Vision Loss in Seniors

·         Skin-Lightening Cream Could Cause Nerve Damage, CDC Report Warns

·         Could Family Dog Lower Child's Schizophrenia Risk?

·         FDA Approves First Generic of Popular Blood Thinner

·         Holidays Tough for People with 'Shopping Disorder'

December 30, 2019

·         B Strain Dominating Early in the Flu Season

·         Rep. John Lewis to Be Treated for Pancreatic Cancer

·         Could 1 Dose of HPV Vaccine Be Enough?

·         Regular Exercise Cuts Odds for 7 Major Cancers

·         Could Brain Scans Spy Kids' Mood, Attention Problems?

·         'Intermittent Fasting' Diet Could Boost Your Health

·         More Hard-Boiled Eggs Recalled for Listeria

·         Fatty Diets Tied to Vision Loss in Seniors

·         Skin-Lightening Cream Could Cause Nerve Damage, CDC Report Warns

January 2. 2020

·         Not Just January: Alcohol Abstinence Turns Trendy

·         FDA Approves Drug for Pancreatic Cancer Treatment

·         Insecticides Tied to Heart Disease Deaths

·         B Strain Dominating Early in the Flu Season

·         Rep. John Lewis to Be Treated for Pancreatic Cancer

·         Could 1 Dose of HPV Vaccine Be Enough?

·         Regular Exercise Cuts Odds for 7 Major Cancers

·         Could Brain Scans Spy Kids' Mood, Attention Problems?

·         'Intermittent Fasting' Diet Could Boost Your Health

 January 3, 2020

·         How A.I. is Transforming Health Care

·         New Food Labels Help for Counting Calories, Sugar

·         Don't Believe Online Claims for Pot's 'Benefits'

·         How Doctors, Researchers Are Already Using A.I.

·         One Way to Help Ease A-Fib: Give Up Drinking

·         Trump Administration to Ban Most Flavored E-Cigarettes

·         Mediterranean Diet Repeats as Best Overall of 2020

·         Yoga May Bring a Brain Boost, Review Shows

·         Breast Density Alerts Might Not Be Helping Women

 January 4, 2020

·         New Year's Resolutions Didn't Stick? Try a Monday Reset

·         U-Haul Won't Hire Smokers, Vapers in 21 States

·         Algorithms Spot Signs of Suicide Risk & Self-Harm

·         How A.I. is Transforming Health Care

·         New Food Labels Help for Counting Calories, Sugar

·         Don't Believe Online Claims for Pot's 'Benefits'

·         How Doctors, Researchers Are Already Using A.I.

·         One Way to Help Ease A-Fib: Give Up Drinking

·         Trump Administration to Ban Most Flavored E-Cigarettes

January 6, 2020

·         AI Beat Humans in Spotting Breast Tumors

·         New Year's Resolutions Didn't Stick? Try a Monday Reset

·         U-Haul Won't Hire Smokers, Vapers in 21 States

·         Algorithms Spot Signs of Suicide Risk & Self-Harm

·         How A.I. is Transforming Health Care

·         New Food Labels Help for Counting Calories, Sugar

·         Don't Believe Online Claims for Pot's 'Benefits' (Especially Note)

·         How Doctors, Researchers Are Already Using A.I.

·         One Way to Help Ease A-Fib: Give Up Drinking

January 7, 2020

·         One Big Roadblock to Opioid Addiction Treatment

·         Claims Made On New Netflix 'Goop' Show Questioned

·         Study: Young Women Getting Pelvic Exams They Don’t Need

·         Study: No Major Link Between Baby Powder, Cancer

·         Docs: Testosterone Supplements Won't Help Most Men

·         Opioid Use By Teens a Red Flag for Other Dangers

·         AI Beat Humans in Spotting Breast Tumors

·         New Year's Resolutions Didn't Stick? Try a Monday Reset

·         U-Haul Won't Hire Smokers, Vapers in 21 States

January 8, 2020

·         Alcohol-Fueled Deaths Double in U.S. Over Past 20 Years

·         Music Does Give Your Workout a Boost

·         Lung Cancer Treatment Fuels Drop in Cancer Deaths

·         As Minimum Wage Rises, Suicide Rates Fall

·         Baby Delivery Costs Average $4,500 in U.S.

·         One Big Roadblock to Opioid Addiction Treatment

·         Claims Made On New Netflix 'Goop' Show Questioned

·         Study: Young Women Getting Pelvic Exams They Don’t Need

·         Study: No Major Link Between Baby Powder, Cancer

 Jsnuary 9, 2020

·         Study: Less Is More For Testicular Cancer Chemo

·         Green Tea Drinkers May Live Longer

·         Processed Foods Are Making Americans Obese

·         Another GA Neighborhood At Risk From Toxic Gas

·         Justice Ginsburg Says She's 'Cancer Free'

·         Justin Bieber Reveals He Has Lyme Disease

·         4-Year-Old May Lose Vision After Battling Flu

·         What Matters More for Obesity Risk, Genes or Lifestyle?

·         Alcohol-Fueled Deaths Double in U.S. Over Past 20 Years

January 10, 2020

·         California May Start Producing Its Own Medicines

·         Arousal Syndrome No Cause for Shame, Doctors Say

·         Texas Teen, 15, Youngest to Die From Vaping

·         Second U.S. Baby Born from Transplanted Uterus

·         Veterans' Study Shows Genetic Origins of Anxiety

·         Slimming Down 'Tongue Fat' Might Help Ease Sleep Apnea

·         One Night of Bad Sleep May Raise Alzheimer's Risk

·         Study: Less Is More For Testicular Cancer Chemo

·         Green Tea Drinkers May Live Longer

January 13, 2020

·         Targeted Ultrasound Destroys Cancer Cells: Study

·         New Coronavirus May be Cause of Outbreak in China

·         California May Start Producing Its Own Medicines

·         Arousal Syndrome No Cause for Shame, Doctors Say

·         Texas Teen, 15, Youngest to Die From Vaping

·         Second U.S. Baby Born from Transplanted Uterus

·         Veterans' Study Shows Genetic Origins of Anxiety

·         Slimming Down 'Tongue Fat' Might Help Ease Sleep Apnea

·         One Night of Bad Sleep May Raise Alzheimer's Risk

VIEW ALL HEALTH NEWS


Should Parents Be Afraid To Let Their Kids Play Football?
https://fivethirtyeight.com/features/should-parents-be-afraid-to-let-their-kids-play-football/


As marijuana-induced psychosis rises, parents say treatment for young people hard to find ---
https://news.yahoo.com/marijuana-induced-psychosis-rises-parents-141514687.html

Don't Believe Online Claims for Pot's 'Benefits' (Especially Note) ---
https://www.webmd.com/a-to-z-guides/news/20200102/dont-believe-online-claims-for-pots-benefits


How Quinoa Is Taking Over the World — in 100 Countries and Counting ---
https://www.ozy.com/fast-forward/how-quinoa-is-taking-over-the-world-in-100-countries-and-counting/94409/?utm_term=OZY&utm_source=Sailthru&utm_medium=email&utm_campaign=DD_2019_12_28&utm_content=Final


Nutritionally Not All Apples are Alike ---
https://blog.supplysideliberal.com/post/2019/12/24/nutritionally-not-all-apple-varieties-are-alike




Humor for January 2020

Kids' Questions ---
https://theconversation.com/we-asked-kids-to-send-us-their-burning-questions-here-are-5-of-our-favorites-from-2019-129130

A Walk Down Memory Lane for Some of Us ---
https://www.pinterest.com/?show_error=true
Also see
https://www.pinterest.com/jennt1970/a-walk-down-memory-lane/

Dave Barry's Year 2019 (a really long review of things that are better forgotten) ---
https://www.washingtonpost.com/magazine/2019/12/29/dave-barrys-year-review/?arc404=true




Humor December 2019--- http://faculty.trinity.edu/rjensen/book19q4.htm#Humor1219.htm

Humor November 2019--- http://faculty.trinity.edu/rjensen/book19q4.htm#Humor1119.htm

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   




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

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

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

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

Shielding Against Validity Challenges in Plato's Cave ---
http://faculty.trinity.edu/rjensen/TheoryTAR.htm

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

How Accountics Scientists Should Change: 
"Frankly, Scarlett, after I get a hit for my resume in The Accounting Review I just don't give a damn"
http://www.cs.trinity.edu/~rjensen/temp/AccounticsDamn.htm
One more mission in what's left of my life will be to try to change this
http://www.cs.trinity.edu/~rjensen/temp/AccounticsDamn.htm 

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

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

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

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

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

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

 

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

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

Free (updated) Basic Accounting Textbook --- search for Hoyle at
http://faculty.trinity.edu/rjensen/ElectronicLiterature.htm#Textbooks

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

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

Accounting News, Blogs, Listservs, and Social Networking ---
http://faculty.trinity.edu/rjensen/AccountingNews.htm

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

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

Some of Bob Jensen's Tutorials

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

 

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

Some Accounting History Sites

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

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

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

Academy of Accounting Historians and the Accounting Historians Journal ---
http://www.accounting.rutgers.edu/raw/aah/

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

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

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

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

Bob Jensen's timeline of derivative financial instruments and hedge accounting ---
http://faculty.trinity.edu/rjensen/FraudRotten.htm#DerivativesFrauds

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

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

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

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

 

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