Tuesday, November 28, 2006

Facing down fear in Cairo

The subway that chugs indefatigably through Cairo now has a women's section. Here the women giggle and sleep, pat children – not just their own – and rip loud jokes; here you see gestures and liveliness that are not to be seen on the street. But at some point, and nobody can say exactly when this was, almost all of them took to wearing veils. The Saudi Arabian dress code is becoming increasingly common: the coal black Niqab, the full-body veil with eye slits and now, gloves as well. In a section with eighty women, maybe four will be unveiled. They seem unimpressed and nobody stares at them, nonetheless the cloaked ones generate a characteristic kind of pressure that the tourist can hardly ignore: there the whores, here the pure ones. We're watching you.
 
 
 
Mahfouz's grave, Arab liberalism's deathbed
 

The death on 30 August 2006 of the Egyptian novelist Naguib Mahfouz - the sole Arab writer to receive the Nobel prize in literature - was marked around the world, and by many of those unable to read a word of his work in its original language. This universal moment, however, was primarily an Egyptian and Arab one, and for more even than the loss of a great writer. For Naguib Mahfouz's death is also a symbol of the demise of Arab liberalism. It is a century's story, and the "Dostoyevsky of Cairo" was the one whose books embodied it.

A century ago, the west was not worryingly eyeing the Arab world, with a fear of suicide-bombers and plane hijackers. It was colonising the Arab world - for a number of reasons: the strategic location, the Suez canal, securing trade routes, access to the Indian subcontinent, protection of minorities, exploitation of economic resources, building empires, civilising the savage Saracens.

http://www.opendemocracy.net/conflict-middle_east_politics/egypt_mahfouz_4025.jsp

Monday, November 27, 2006

Burnout: Can't Get No Satisfaction

People who are suffering from burnout tend to describe the sensation in metaphors of emptiness—they're a dry teapot over a high flame, a drained battery that can no longer hold its charge. Thirteen years, three books, and dozens of papers into his profession, Barry Farber, a professor at Columbia Teachers College and trained psychotherapist, realized he was feeling this way. Unfortunately, he was well acquainted with the symptoms. He was a burnout researcher himself.

Being burned out on burnout—now that was rich. Madame Curie died of radiation poisoning; Joseph Mitchell famously developed a 32-year-long case of writer's block after writing a two-part New Yorker series about a blocked writer; now Farber was suffering the same self-referential fate. He jokes about it today (who wouldn't?) but hardly felt sanguine as it was happening (who would?). Colleagues tried to persuade him to stick it out. "But for the most part, I've resisted coming back," says Farber. "I've never been able to find that same sense of satisfaction."

Farber had burned out once before. Back in the late sixties and early seventies, he taught public school in East Harlem. He'd wanted to help people, do the world some good. Yet for four years he'd struggled to stop his students from fighting with one another, and in spite of his best efforts he couldn't even teach all of them to read. His classroom became a perverse experiment in physics, with energy never conserved (input always exceeded output), and he, a teacher in perpetual motion, always craving rest. Eventually, he began to pull away from his students—depersonalization, as the literature now calls it—justifying his seeming insensitivity by telling himself he wasn't making a difference anyway. It was only when Farber went to graduate school at Yale that he learned that this syndrome had a name: Burnout. "The concept offered a perfect understanding of what teachers were feeling," he recalls. "It wasn't in fact that they were racist and mercenary and noncaring but that their level of caring couldn't be sustained in the absence of results."

Sunday, November 26, 2006

In Beijing, expats find camaraderie at their side

BEIJING — Each Sunday, weather and fussy engines permitting, the Beijing Dragons Motorcycle Club roars out of Starbucks and onto the open road, riding three-wheeled bikes that look like they were stolen from the frames of "The Great Escape" or a Laurel and Hardy reel.

Aboard retro sidecar motorcycles reminiscent of those on the road in Chairman Mao's day, the riders usually head for the mountains north of the city, where the fishing is good and the stone ribbon of the Great Wall stretches across the hillsides.

"Working and living in Beijing isn't the easiest thing," said Jim Bryant, the group's semiofficial leader. "There's stress and traffic.

"But this is one of the great upsides. You can see sights you only see in Chinese paintings."

The sidecars have become a signature feature of expatriate life here, binding together the growing numbers of transplanted Americans and Europeans who call China's sprawling capital home
 

Friday, November 24, 2006

Paying the piper

Paying the piper

Nov 23rd 2006
From Economist.com
What if Russian gas runs low?
EUROPE has accustomed itself to a version of Russia and of Russian policy which goes like this: post-Soviet Russia is not only awash with oil and gas, it is using that energy wealth to promote its great-power ambitions through bullying and bribery. But what happens to the calculation if Russia is not an energy bully, but an energy beggar?

Russia reckons it will be short of 4.2 billion cubic metres (bcm) of gas next year—enough to fuel a couple of small countries. Alan Riley, a competition lawyer, argues in a report for the Centre for European Policy Studies that Russia's gas shortfall will increase to 126 bcm a year by 2010, only slightly less than Russia's annual exports to the European Union. Vladimir Milov, a gutsy former energy minister who runs one of the few independent think-tanks in Moscow, agrees

At first sight this sounds preposterous. Russia's gas reserves amount to 47 trillion cubic metres, a colossal amount. But like so many things in Russia, the gas industry, which means mainly a state-run monopoly, Gazprom, is as wasteful as it is wealthy. And Gazprom is so secretive that outsiders find it hard to say whether the wealth or the waste is winning.


http://economist.com/daily/columns/europeview/displaystory.cfm?story_id=8313838

Wednesday, November 22, 2006

Diary of a Collapsing Superpower

As has so often been in the case in history, there was little separating victory and defeat, joy and fear, euphoria and depression. And yet there couldn't have been a greater difference between the events in Berlin and in Moscow in October 1990.

The Presidential Council, a key group of advisors to Soviet President Mikhail Gorbachev, met at the Kremlin at 10 a.m. on Wednesday, Oct. 17. It was a sunny day. But it was far from a routine meeting. As Anatoly Chernyayev later said, it reminded him "of the situation in October 1917 in St. Petersburg, when the Bolsheviks were threatening to storm the Winter Palace." In 1990 foreign policy expert Chernyayev was something on the order of Gorbachev's Henry Kissinger.

A storm also seemed to be on the horizon on that Oct. 17, but this time it was Gorbachev's archenemy, Boris Yeltsin, who was behind the sense of foreboding. Yeltsin, the then speaker of the Russian parliament, who had left the Communist Party three months earlier and had since emerged as the shining light of the great Soviet republic, had given the Kremlin an ultimatum the night before: His republic would no longer consider itself subservient to the Soviet leadership. Yeltsin was threatening Gorbachev with secession.

The Presidential Council fell into a state of panic. "Dissolution is in full swing!," Nikolai Ryzhkov, the Soviet Union's clever premier, warned. "All mass media are working for the opposition! Even the central council of trade unions! Even the party!" Vladimir Kryuchkov, the pale head of the Soviet intelligence service, the KGB, agreed. "This is a declaration of war against the central government," he said, "and if we don't do something about it we will be thrown out."

 

Tuesday, November 21, 2006

Israeli map and arab land

Both the nytimes and washpost have prominent articles on the private ownership of land on which many Israeli settlements are located. Reading it does not bring up any sympathies for the Palestinians. Reason? The war of 1948 and 1967 was first started by the arab countries, not Israel. Whatever Israel did in those wars was to protect its people. Since it was the palestinians and arabs who started the wars and lost it, they cannot demand the same spoils as the victor. Israel seized the land in the war and kept it for itself because it wanted a buffer against any future aggression. Israel gave up Gaza but the results haven't been good. It had hoped that the palestinians would be appeased but no, Hamas and its cronies have turned it into a hellhole with their rocket attacks and terrorist actions against Israel. After Lebanon, Israel would be very foolhardy to give up any land, whoever it historically belongs to.
 
I'm not sure why nytimes and washpost have such prominent articles on this issue. Peace Now is a discredited extreme-leftist organization in Israel and they are biting the hand that feeds it.
 
 

Bloomberg opinion rss feed

Since the unfortunate decision by Bloomberg to end all rss feeds, http://www.davosnewbies.com/2006/10/26/going-backwards-on-rss/ I did some searching around and all I found were general bloomberg rss feeds.
 
So I did some quick fiddling around and you can get the Bloomberg Opinion rss feed from the link below. Just copy and paste the url in bloglines. Once you subscribe to the feed, click on edit the subscription and change the name to "Bloomberg Opinion" otherwise it will show as "The opinions expressed are" source:bloomberg - Google News" in your feeds folder.
 

Friday, November 17, 2006

Milton Friedman- Master of Economics

Key events in the life and career of Milton Friedman
MILTON FRIEDMAN was one of the towering figures of economics in the 20th century. A leading advocate of free markets, he championed monetarism, the notion that the inflation can be regulated by the Federal Reserve's control of the money supply. He wrote extensively on the Great Depression and was an advocate of libertarian ideas such as the decriminalization of drugs.
1912 — Born in New York.
1932-1933 — Receives bachelors degree from Rutgers University, masters degree from the University of Chicago.
1937 — Becomes a member of the research staff of the National Bureau of Economic Research, a post he would maintain until 1981.
1945 — With coauthor Simon Kuznets, publishes "Income From Independent Professional Practice," his doctoral thesis.
1946 — Receives doctorate from Columbia University and is hired to teach at the University of Chicago, where he serves as a professor of economics until 1976. Friedman would come to be seen as the leader of the Chicago School of monetary economics, which stresses the importance of the money supply as an instrument of policy and a determinant of the business cycle.
1951 — Wins the John Bates Clark Medal, which honors top economists under the age of 40.
1956 — "Studies in the Quantity Theory of Money" is published. In it, Friedman argues that increased monetary growth over the long run raises prices but has no effect on output. In the short term, increased money supply boost hiring and output.
1957 — "A Theory of Consumption Function" is published. Considered a landmark study, it tackles the notion, associated with John Maynard Keynes, that consumers adjust their spending to reflect current income, arguing instead that people's annual consumption is a function of what they expect to earn over the course of their lifetime.
1962 — "Capitalism and Freedom" is published. Friedman's key text on free markets, it argues in favor of floating currency exchange rates, an all-volunteer military, a negative income tax and education vouchers.
1963 — "A Monetary History of the United States, 1867-1960", co-authored with Anna J. Schwartz, is published. In a work that would become hugely influential in the field of monetary economics, Friedman and Schwartz used historical narrative and reams of supporting data to argue that steady control of the money supply is crucial in steering the economy. The book famously critiqued the Federal Reserve's performance during the Great Depression and the central bank launched a lengthy internal review of its policy-making after receiving a prepublication draft of the book. The Fed commissioned Elmus R. Wicker to write a rejoinder in hopes of deflecting some of Friedman's arguments.
1964 — Serves informally as an economic adviser to Republican presidential candidate Barry Goldwater. Later, Friedman served as an economic adviser to Richard Nixon's 1968 presidential campaign, and to Ronald Reagan's 1980 campaign.
1967 — Serves as president of the American Economic Association.
1975 — Friedman makes a controversial trip to Chile, along with several other University of Chicago professors, where he meets with dictator Gen. Augusto Pinochet.
1976 —Is awarded the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel in economics for his work in the fields of "consumption analysis, monetary theory and history and for his demonstration of the complexitity of stabilization policy."
1977 — Becomes a senior research fellow at the libertarian Hoover Institution at Stanford University.
1980 — PBS airs the 10-part "Free to Choose," which is made into a bestselling book co-authored with his wife, Rose Friedman. The series and book were a robust defense of the couple's free-market economic beliefs.
1981 — Serves as a member of Reagan's Economic Policy Advisory Board.
1988 — Receives Presidential Medal of Freedom and National Medal of Science.
2002 — President Bush speaks at a ceremony honoring Friedman, celebrating his 90th birthday and recognizing his contributions to the study of economics.
Nov. 16, 2006 — Friedman dies of heart failure at a hospital near his home in San Francisco. He was 94.
Source: WSJ.com research
Photos: AP/Wide World Photos
======================

Milton Friedman tribute- 50 links

I am an unabashed follower of Friedman and his policies. Therefore as a mark of tribute to his contributions to economics, this post will include wsj articles, links to articles and a link to the Free to choose series official, unofficial.

Gary Becker and Posner on Friedman

Bloomberg article on Friedman , FT Milton Friedman, economist, dies aged 94 , SFGate Milton Friedman, the watch and me

LA Times article(long and reasonably detailed, better than wsj's.) , The Times UK- Chicago boy who gave monetarism to the world

NYtimes Milton Friedman, Free Markets Theorist, Dies at 94 , AUSTAN GOOLSBEE- Charismatic Economist Who Loved to Argue

WSJ- Milton Friedman: In His Own Words Forbes-Milton Friedman: An Open Book

Tcsdaily.com- Tennis with Milton

Mercurynews- Milton Friedman felt vindicated by history Friedman's last interview on nov 5, 2006

Opinionjournal.com interview of Friedman by Tunku Varadarajan

Foxnews- 'Your World' Interview With Economist Milton Friedman

Audio and Video

Powerline.com- There are a few videos here- All except one(PBS Open Mind) are from the free to choose series. The PBS Open Mind video is 30 min. Direct link to video

google video- Charlie Rose interviewing Milton Friedman- 440MB. I have downloaded the video, well worth the 1 $.

LibertyFund-
A Conversation with Milton Friedman 1:12:00 83MB mp3

Russ Roberts interview with Friedman,
Part 1 audio transcript and Part 2 audio transcript

Capitalism and Freedom revisited-
http://www.apee.org/friedman.html

Reason magazine links
Best of Both Worlds Milton Friedman reminisces about his career as an economist and his lifetime "avocation" as a spokesman for freedom.

Civil Warrior Capitalism and Friedman

The Father of Modern School Reform

Can We Bank on the Federal Reserve?

New Perspectives Quarterly Magazine-
Free Markets and the End of History


"Economic Freedom, Human Freedom, Political Freedom" by Milton Friedman Delivered November 1, 1991

Milton Friedman on the "War on Drugs


Friedman's 90th birthday -
Economically speaking, Friedman No. 1 Uchicago- chibus Friedman Celebrates 90th Birthday


Milton Friedman and India
A Memorandum to the Government of India 1955 To understand why this is significant, see video 2 of the Free to Choose series. Milton Friedman on the Nehru/Mahalanobis Plan(pdf)


Friedman and flat taxes in Europe , Lessons of smaller states , New Europe’s Boomtown Pioneer of the 'flat tax' taught the East to thrive Flat tax champion who ignored the economists
For more see http://logtk.blogspot.com/2006/09/estonia-and-free-market.html
Opinionjournal- Israel Gets a Taste of Friedman


Blogs on Friedman (many of the links above and below are taken from various blogs.)

http://gregransom.com/prestopundit/?p=1322 (some of the updated links in this post are from prestpundit.)

Faustablog.com on Milton Friedman
http://asecondhandconjecture.com/?p=269

Gregory Mankiw - The Economist of the Century

http://www.marginalrevolution.com/marginalrevolution/2006/11/when_i_think_of.html

http://indianeconomy.org/2006/11/16/milton-friedman-has-died/

http://politicalcalculations.blogspot.com/2006/11/testimony-and-tribute-to-milton.html

http://www.artdiamondblog.com/archives/2006/11/milton_friedman_1.html

http://timworstall.typepad.com/timworstall/2006/11/milton_friedman.html

http://istanbulsunset.blogspot.com/2006/11/farewell-uncle-milty.html

http://freestudents.blogspot.com/2006/11/remembering-milton-friedman.html

Friedman - Free to Choose video series

Milton Friedman's Free to Choose video series -

Each video is 435MB in size and 57 min in length. There are 15 videos. You need a bit-torrent application, one I'd suggest is http://www.utorrent.com/
The video series was on google video but was removed sometime back. Those videos were 230MB and quality was lower.
The videos on btjunkie are of higher quality(dvd rip.) I would however suggest buying the dvds'.
---------------
01. PBS.Free.to.Choose.1980.Vol.10of10.How.to.Stay.Free.DivX6.avi [435MB] 02. PBS.Free.to.Choose.1980.Vol.10of10.How.to.Stay.Free.DivX6.nfo [2KB] 03. PBS.Free.to.Choose.1980.Vol.1of10.Power.of.the.Market.DivX6.avi [435MB] 04. PBS.Free.to.Choose.1980.Vol.1of10.Power.of.the.Market.DivX6.nfo [3KB] 05. PBS.Free.to.Choose.1980.Vol.2of10.The.Tyranny.of.Control.DivX6.avi [435MB] 06. PBS.Free.to.Choose.1980.Vol.2of10.The.Tyranny.of.Control.DivX6.nfo [3KB] 07. PBS.Free.to.Choose.1980.Vol.3of10.Anatomy.of.a.Crisis.DivX6.avi [435MB] 08. PBS.Free.to.Choose.1980.Vol.3of10.Anatomy.of.a.Crisis.DivX6.nfo [3KB] 09. PBS.Free.to.Choose.1980.Vol.4of10.From.Cradle.to.Grave.DivX6.avi [435MB] 10. PBS.Free.to.Choose.1980.Vol.4of10.From.Cradle.to.Grave.DivX6.nfo [3KB] 11. PBS.Free.to.Choose.1980.Vol.5of10.Created.Equal.DivX6.avi [435MB] 12. PBS.Free.to.Choose.1980.Vol.5of10.Created.Equal.DivX6.nfo [3KB] 13. PBS.Free.to.Choose.1980.Vol.6of10.What's.Wrong.With.Our.Schools.DivX6.avi [435MB] 14. PBS.Free.to.Choose.1980.Vol.6of10.What's.Wrong.With.Our.Schools.DivX6.nfo [3KB] 15. PBS.Free.to.Choose.1980.Vol.7of10.Who.Protects.the.Consumer.DivX6.avi [435MB] 16. PBS.Free.to.Choose.1980.Vol.7of10.Who.Protects.the.Consumer.DivX6.nfo [3KB] 17. PBS.Free.to.Choose.1980.Vol.8of10.Who.Protects.the.Worker.DivX6.avi [435MB] 18. PBS.Free.to.Choose.1980.Vol.8of10.Who.Protects.the.Worker.DivX6.nfo [3KB] 19. PBS.Free.to.Choose.1980.Vol.9of10.How.to.Cure.Inflation.DivX6.avi [435MB] 20. PBS.Free.to.Choose.1980.Vol.9of10.How.to.Cure.Inflation.DivX6.nfo [3KB] 21. PBS.Free.to.Choose.1990.Vol.1of5.The.Power.of.the.Market.DivX.avi [435MB] 22. PBS.Free.to.Choose.1990.Vol.1of5.The.Power.of.the.Market.DivX.nfo [3KB] 23. PBS.Free.to.Choose.1990.Vol.1of5.The.Power.of.the.Market.DivX.srt [67KB] 24. PBS.Free.to.Choose.1990.Vol.2of5.The.Tyranny.of.Control.DivX.avi [435MB] 25. PBS.Free.to.Choose.1990.Vol.2of5.The.Tyranny.of.Control.DivX.nfo [2KB] 26. PBS.Free.to.Choose.1990.Vol.2of5.The.Tyranny.of.Control.DivX.srt [69KB] 27. PBS.Free.to.Choose.1990.Vol.3of5.The.Failure.of.Socialism.DivX.avi [435MB] 28. PBS.Free.to.Choose.1990.Vol.3of5.The.Failure.of.Socialism.DivX.nfo [3KB] 29. PBS.Free.to.Choose.1990.Vol.3of5.The.Failure.of.Socialism.DivX.srt [73KB] 30. PBS.Free.to.Choose.1990.Vol.4of5.What's.Wrong.With.Our.Schools.DivX.avi [435MB] 31. PBS.Free.to.Choose.1990.Vol.4of5.What's.Wrong.With.Our.Schools.DivX.nfo [2KB] 32. PBS.Free.to.Choose.1990.Vol.4of5.What's.Wrong.With.Our.Schools.DivX.srt [72KB] 33. PBS.Free.to.Choose.1990.Vol.5of5.Created.Equal.DivX.avi [435MB] 34. PBS.Free.to.Choose.1990.Vol.5of5.Created.Equal.DivX.nfo [3KB] 35. PBS.Free.to.Choose.1990.Vol.5of5.Created.Equal.DivX.srt [72KB]
--------------------------------
There are other videos too.
Search results for free to choose Results 1 - 21
Torrent NameCategorySizeDateSeedLeechHealth
Download Torrent File Listing Milton Friedman - Free To Choose, all 15 episodes 1980 - 199Video6526MB01/03101
Download Torrent File Listing [economics] Friedman, Milton & Rose - Free To Choose -- A PeUnsorted1MB10/226X
Download Torrent File Listing [economics] Friedman, Milton & Rose - Free To Choose -- A PeUnsorted1MB10/1031
Download Torrent File Listing PBS Free to Choose 1990 Vol 3of5 The Failure of Socialism DiVideo435MB06/252X
Download Torrent File Listing [Documentary]PBS - Free to Choose (classic 10-part series, cVideo4392MB06/2614
Download Torrent File Listing PBS - Free to Choose 1990Video2177MB06/2512
Download Torrent File Listing PBS Free to Choose 1990 Vol 1of5 The Power of the Market DivVideo435MB06/2511
Download Torrent File Listing PBS Free to Choose 1990 Vol 4of5 Whats Wrong With Our SchoolVideo435MB06/251X
Download Torrent File Listing PBS Free to Choose 1990 Vol 5of5 Created Equal DivXVideo435MB06/251X
Download Torrent File Listing PBS - Free to ChooseVideo4349MB07/18X4
Download Torrent File Listing PBS Free to Choose 1980 Vol 1of10 Power of the MarketVideo435MB09/14X3
Download Torrent File Listing PBS Free to Choose 1980 Vol 10of10 How to Stay FreeVideo435MB09/14X1
Download Torrent File Listing Free to Choose 1990 - Vol2of5 - The Tyranny of ControlVideo435MB09/21X1
Download Torrent File Listing PBS Free to Choose 1980 Vol 8of10 Who Protects the WorkerVideo435MB09/14X1
Download Torrent File Listing PBS Free to Choose 1980 Vol 2of10 The Tyranny of ControlVideo435MB09/14X1
Download Torrent File Listing PBS Free to Choose 1980 Vol 3of10 Anatomy of a CrisisVideo435MB09/14X1
Download Torrent File Listing PBS Free to Choose 1980 Vol 4of10 From Cradle to GraveVideo435MB09/14X1
Download Torrent File Listing PBS Free to Choose 1980 Vol 5of10 Created EqualVideo435MB09/14X1
Download Torrent File Listing PBS Free to Choose 1980 Vol 6of10 What's Wrong With Our SchoVideo435MB09/14X1
Download Torrent File Listing PBS Free to Choose 1980 Vol 7of10 Who Protects the ConsumerVideo435MB09/14X1
Download Torrent File Listing PBS Free to Choose 1980 Vol 9of10 How to Cure InflationVideo435MB09/14X1

Monday, November 13, 2006

The New Ambassadors

CRAMMED in a van loaded with guitars, a drum kit and a couple of Fender amplifiers, and driving from one American gig to the next, the four scruffy musicians in the indie-rock band the Figurines tried mightily to enjoy themselves. They snapped pictures of one another, ate junk food and drank Red Bull, which is barred from sale back home in Denmark.

The Finnish band Bloodpit is one of many bands that benefited from government subsidies.

The New Zealand band Die! Die! Die! enjoyed a meal outside of Pedro's Tacos in Brooklyn.

Sometimes they drink it spiked with vodka. But on a recent trip through Idaho, on a desolate road outside Boise, one band member was drinking it straight from the can.

Catching a glimpse through the van's window, a passing trucker saw the shiny can and mistook it, somehow, for a gun.

Within minutes, the police were ordering the band out of the vehicle. "We had to get down on our knees on the highway," Christian Hjelm, the lead singer and guitarist, said, and they then found themselves handcuffed and sitting in the back of a squad car.

Saturday, November 11, 2006

Are Academically Excellent Asians the new Jews?

WSJ has an article today that examines the case of one Asian-American who was rejected because of his ethicity(I side with him.) The article reminds me a of a New Yorker article I read a year back by Malcolm Gladwell(link at bottom.) Also, another link at the bottom to a previous wsj article about tensions between high achieving asian american students and whites in a californian school.
 

Is Admissions Bar
Higher for Asians
At Elite Schools?

School Standards Are Probed
Even as Enrollment Increases;
A Bias Claim at Princeton
By DANIEL GOLDEN
November 11, 2006; Page A1

Though Asian-Americans constitute only about 4.5% of the U.S. population, they typically account for anywhere from 10% to 30% of students at many of the nation's elite colleges.

Even so, based on their outstanding grades and test scores, Asian-Americans increasingly say their enrollment should be much higher -- a contention backed by a growing body of evidence.

Whether elite colleges give Asian-American students a fair shake is becoming a big concern in college-admissions offices. Federal civil-rights officials are investigating charges by a top Chinese-American student that he was rejected by Princeton University last spring because of his race and national origin.

Meanwhile, voter attacks on admissions preferences for other minority groups -- as well as research indicating colleges give less weight to high test scores of Asian-American applicants -- may push schools to boost Asian enrollment. Tuesday, Michigan voters approved a ballot measure striking down admissions preferences for African-Americans and Hispanics. The move is expected to benefit Asian applicants to state universities there -- as similar initiatives have done in California and Washington.

If the same measure is passed in coming years in Illinois, Missouri and Oregon -- where opponents of such preferences say they plan to introduce it -- Asian-American enrollment likely would climb at selective public universities in those states as well.

During the Michigan campaign, a group that opposes affirmative action released a study bolstering claims that Asian students are held to a higher standard. The study, by the Center for Equal Opportunity, in Virginia, found that Asian applicants admitted to the University of Michigan in 2005 had a median SAT score of 1400 on the 400-1600 scale then in use. That was 50 points higher than the median score of white students who were accepted, 140 points higher than that of Hispanics and 240 points higher than that of blacks.

Roger Clegg, president and general counsel of the Center for Equal Opportunity, said universities are "legally vulnerable" to challenges from rejected Asian-American applicants.

Princeton, where Asian-Americans constitute about 13% of the student body, faces such a challenge. A spokesman for the Department of Education's Office for Civil Rights said it is investigating a complaint filed by Jian Li, now a 17-year-old freshman at Yale University. Despite racking up the maximum 2400 score on the SAT and 2390 -- 10 points below the ceiling -- on SAT2 subject tests in physics, chemistry and calculus, Mr. Li was spurned by three Ivy League universities, Stanford University and Massachusetts Institute of Technology.

The Office for Civil Rights initially rejected Mr. Li's complaint due to "insufficient" evidence. Mr. Li appealed, citing a white high-school classmate admitted to Princeton despite lower test scores and grades. The office notified him late last month that it would look into the case.

His complaint seeks to suspend federal financial assistance to Princeton until the university "discontinues discrimination against Asian-Americans in all forms by eliminating race preferences, legacy preferences, and athlete preferences." Legacy preference is the edge most elite colleges, including Princeton, give to alumni children. The Office for Civil Rights has the power to terminate such financial aid but usually works with colleges to resolve cases rather than taking enforcement action.

Mr. Li, who emigrated to the U.S. from China as a 4-year-old and graduated from a public high school in Livingston, N.J., said he hopes his action will set a precedent for other Asian-American students. He wants to "send a message to the admissions committee to be more cognizant of possible bias, and that the way they're conducting admissions is not really equitable," he said.

Princeton spokeswoman Cass Cliatt said the university is aware of the complaint and will provide the Office for Civil Rights with information it has requested. Princeton has said in the past that it considers applicants as individuals and doesn't discriminate against Asian-Americans.

When elite colleges began practicing affirmative action in the late 1960s and 1970s, they gave an admissions boost to Asian-American applicants as well as blacks and Hispanics. As the percentage of Asian-Americans in elite schools quickly overtook their slice of the U.S. population, many colleges stopped giving them preference -- and in some cases may have leaned the other way.

In 1990, a federal investigation concluded that Harvard University admitted Asian-American applicants at a lower rate than white students despite the Asians' slightly stronger test scores and grades. Federal investigators also found that Harvard admissions staff had stereotyped Asian-American candidates as quiet, shy and oriented toward math and science. The government didn't bring charges because it concluded it was Harvard's preferences for athletes and alumni children -- few of whom were Asian -- that accounted for the admissions gap.

The University of California came under similar scrutiny at about the same time. In 1989, as the federal government was investigating alleged Asian-American quotas at UC's Berkeley campus, Berkeley's chancellor apologized for a drop in Asian enrollment. The next year, federal investigators found that the mathematics department at UCLA had discriminated against Asian-American graduate school applicants. In 1992, Berkeley's law school agreed under federal pressure to drop a policy that limited Asian enrollment by comparing Asian applicants against each other rather than the entire applicant pool.

Asian-American enrollment at Berkeley has increased since California voters banned affirmative action in college admissions. Berkeley accepted 4,122 Asian-American applicants for this fall's freshman class -- nearly 42% of the total admitted. That is up from 2,925 in 1997, or 34.6%, the last year before the ban took effect. Similarly, Asian-American undergraduate enrollment at the University of Washington rose to 25.4% in 2004 from 22.1% in 1998, when voters in that state prohibited affirmative action in college admissions.

The University of Michigan may be poised for a similar leap in Asian-American enrollment, now that voters in that state have banned affirmative action. The Center for Equal Opportunity study found that, among applicants with a 1240 SAT score and 3.2 grade point average in 2005, the university admitted 10% of Asian-Americans, 14% of whites, 88% of Hispanics and 92% of blacks. Asian applicants to the university's medical school also faced a higher admissions bar than any other group.

Julie Peterson, spokeswoman for the University of Michigan, said the study was flawed because many applicants take the ACT test instead of the SAT, and standardized test scores are only one of various tools used to evaluate candidates. "I utterly reject the conclusion" that the university discriminates against Asian-Americans, she said. Asian-Americans constitute 12.6% of the university's undergraduates.

Jonathan Reider, director of college counseling at San Francisco University High School, said most elite colleges' handling of Asian applicants has become fairer in recent years. Mr. Reider, a former Stanford admissions official, said Stanford staffers were dismayed 20 years ago when an internal study showed they were less likely to admit Asian applicants than comparable whites. As a result, he said, Stanford strived to eliminate unconscious bias and repeated the study every year until Asians no longer faced a disadvantage.

Last month, Mr. Reider participated in a panel discussion at a college-admissions conference. It was titled, "Too Asian?" and explored whether colleges treat Asian applicants differently.

Precise figures of Asian-American representation at the nation's top schools are hard to come by. Don Joe, an attorney and activist who runs Asian-American Politics, an Internet site that tracks enrollment, puts the average proportion of Asian-Americans at 25 top colleges at 15.9% in 2005, up from 10% in 1992.

Still, he said, he is hearing more complaints "from Asian-American parents about how their children have excellent grades and scores but are being rejected by the most selective colleges. It appears to be an open secret."

Mr. Li, who said he was in the top 1% of his high-school class and took five advanced placement courses in his senior year, left blank the questions on college applications about his ethnicity and place of birth. "It seemed very irrelevant to me, if not offensive," he said. Mr. Li, who has permanent resident status in the U.S., did note that his citizenship, first language and language spoken at home were Chinese.

Along with Yale, he won admission to the California Institute of Technology, Rutgers University and the Cooper Union for the Advancement of Science and Art. He said four schools -- Princeton, Harvard, Stanford and the University of Pennsylvania -- placed him on their waiting lists before rejecting him. "I was very close to being accepted at these schools," he said. "I was thinking, had my ethnicity been different, it would have put me over the top. Even if race had just a marginal effect, it may have disadvantaged me."

He ultimately focused his complaint against Princeton after reading a 2004 study by three Princeton researchers concluding that an Asian-American applicant needed to score 50 points higher on the SAT than other applicants to have the same change of admission to an elite university.

"As an Asian-American and a native of China, my chances of admission were drastically reduced," Mr. Li claims in his complaint.

http://online.wsj.com/article/SB116321461412620634.html

GETTING IN

The difficult part, however, was coming up with a way of keeping Jews out, because as a group they were academically superior to everyone else. Lowell's first idea—a quota limiting Jews to fifteen per cent of the student body—was roundly criticized. Lowell tried restricting the number of scholarships given to Jewish students, and made an effort to bring in students from public schools in the West, where there were fewer Jews. Neither strategy worked. Finally, Lowell—and his counterparts at Yale and Princeton—realized that if a definition of merit based on academic prowess was leading to the wrong kind of student, the solution was to change the definition of merit. Karabel argues that it was at this moment that the history and nature of the Ivy League took a significant turn.

http://www.newyorker.com/critics/atlarge/articles/051010crat_atlarge

The New White Flight

http://logtk.blogspot.com/2005/11/new-white-flight.html

More and More Leave Germany Behind

Faced with poor job prospects, high taxes and an intrusive bureaucracy, more and more Germans are choosing to emigrate. Most of those who leave, though, are highly qualified -- which could mean devastating economic consequences.
They are fed up, truly fed up. Fed up with the constant bickering over the costs of wage benefits, social reforms, elimination of subsidies, store closing hours and all the other symbols of a country stuck in bureaucratic and legislative gridlock.

They are tired of living in country where landing a job is like playing the lottery, a country where not even half of citizens live from gainful employment and a country in which even academics in their mid-40s are already considered problem cases when it comes to job placement. In other words, they are fed up with living in a country where all opportunities already seem to be taken: opportunities to succeed in one's career, to own property and to achieve prosperity.

http://www.spiegel.de/international/spiegel/0,1518,446045,00.html

Wednesday, November 08, 2006

Ché Guevara with Oil

The psychological profile of Bolívar continues. "Confident of his power to the point of being manipulative, sometimes unforgiving, excessively self-focused. I also see parallels there." The psychiatrist finally sums up his thoughts on the matter: "I see two men who refuse to be deterred." But Chávez, he adds, has a far more pronounced, leftist political concept, which has developed into an independent system of government. "What should I call it...?" Chirinos searches for the right expression.

Narcissism-Leninism, perhaps?

Chirinos isn't sure whether he likes the expression. But he does offer a professional caveat. "The term narcissism describes an illness -- and Hugo Chávez is certainly not ill, in the clinical sense."

There is a soft rustling noise coming from a small waterfall in the psychiatrist's treatment room. Soft music -- Frank Sinatra's "My Way" -- comes from hidden loudspeakers. Everything seems geared toward keeping things calm.

Chirinos says his goodbyes. "I've spent a long time thinking about which current politician Hugo Chávez could possibly resemble. This sense of mission, this certainty dispelling all contradictions, this Biblical language with its division into God and Satan, absolute good and endless evil. I can only think of one man: George W. Bush."

Tuesday, November 07, 2006

The New Power of the Mining Giants

At the age of 37, the man from Germany's Erzgebirge Mountains who would later call himself Charles Rasp was still searching for happiness and fulfilment. He wasn't allowed to marry the woman he loved, a countess. And he was traumatized by the horrors he'd witnessed as an officer of the Royal Saxon Army during the Franco-Prussian War of 1870-71 -- a war in which his best friend died at the front.

Rasp emigrated to the Australian state of New South Wales and earned his living with odd jobs on farms. One September day in 1883, he was riding a horse along the boundary of the farm when he noticed a peculiar cliff near the landmark known as Broken Hill.

The black stone had a dull shimmer to it. Rasp, who thought it was an outcrop of tin, took a chunk of the rock with him and examined it. His sample really did contain tin, but it also contained zinc, lead and silver. As it turned out, the deposit Rasp had discovered was one of the largest of its kind in the world. "I was pretty naïve," Rasp later admitted.

He staked a claim to the territory of 40 hectares, and joined forces with six other farm workers to found a mining company, which they called the Broken Hill Proprietary Company -- BHP in short. Today it is the world's largest resource corporation.

Monday, November 06, 2006

Buyout Firms Hurt Bondholders by Gorging on Dividends

By John Glover and Cecile Gutscher

Nov. 1 (Bloomberg) -- After Weetabix Ltd., the maker of Britain's best-selling breakfast cereal, fired 7 percent of its workers and canceled the employee bus service to free up cash for debt from a leveraged buyout, the Kettering, England-based company borrowed 130 million pounds ($249 million) so it could enrich owner Lion Capital.

Bondholders worldwide are suffering a double whammy this year because more than 80 companies controlled by LBO firms have borrowed at the expense of workers and debt investors just so they can pay themselves dividends, according to data compiled by Bloomberg and Standard & Poor's.

``We don't like it,'' said Andrew Wilmont, who helps manage $65 billion of fixed-income assets at Axa Investment Managers in London. ``The more you leverage up the company, the less the company has to fall back on if things turn bad.''

Firms such as New York-based Blackstone Group LP and Kohlberg Kravis Roberts & Co. completed $269 billion of LBOs this year by borrowing at least $166 billion in loans and bonds, according to Bloomberg and Lehman Brothers Holdings Inc. data.

Companies owned by the LBO groups sold an additional $30 billion of debt this year for dividends, said S&P. The payments have helped the firms recoup 86 percent of their investments within two years, according to Fitch Ratings in New York.

LBO firms, which typically borrow two-thirds of the money they pay for acquisitions, used to wait three to five years before profiting from selling shares in their companies

Sunday, November 05, 2006

With kidney transplants, a question of how to ration life

DENVER — It was Monday, Shawn Stringfellow's usual night to shoot pool.

He gunned the engine of his Harley-Davidson and pulled out of the restaurant parking lot as his fiancee waved goodbye.
 
He was 30 years old, healthy and happily employed as a heavy-equipment mechanic. Soon, he and Kellie Highland would be married.

"I love you," she mouthed, as his black leather jacket disappeared into traffic.

With his crisp goatee and helmet-less head, Stringfellow looked like a tough biker. "If I wanted to wear a helmet, I'd ride in a car," he liked to say.

He had a soft side, though. He roared down the street wearing jeans covered with tiny hearts that Highland had scribbled in ballpoint pen during dinner.

He'd promised to be home by midnight.

Life is unpredictable. Just before 11 p.m., he finished his last beer at the pool hall and fired up the Harley. A few miles down the interstate, he drove off the side, struck a construction barrel and rolled his motorcycle.

The next day, May 7, 2002, he was on life support. His heart was still beating, but he was brain-dead.

With his family's consent, calls went out to transplant centers throughout the region. He was an ideal organ donor.

Dr. Ben Vernon, the transplant surgeon on call across town at Porter Adventist Hospital, received the news around midnight: two young kidneys — blood type A-positive — available in Denver.

A patient of his stood a strong chance of getting one. This man had waited a long time — three years. To Vernon, it looked like a go.

He instructed his staff to summon the patient to the hospital. The staff also called Dr. David Gillum, another member of the transplant team.

Gillum sat up in bed and shuddered: The patient was 85 years old.

Were they serious?
 

Saturday, November 04, 2006

Shop Class as Soulcraft

nyone in the market for a good used machine tool should talk to Noel Dempsey, a dealer in Richmond, Virginia. Noel's bustling warehouse is full of metal lathes, milling machines, and table saws, and it turns out that most of it is from schools. EBay is awash in such equipment, also from schools. It appears shop class is becoming a thing of the past, as educators prepare students to become "knowledge workers."

At the same time, an engineering culture has developed in recent years in which the object is to "hide the works," rendering the artifacts we use unintelligible to direct inspection. Lift the hood on some cars now (especially German ones), and the engine appears a bit like the shimmering, featureless obelisk that so enthralled the cavemen in the opening scene of the movie 2001: A Space Odyssey. Essentially, there is another hood under the hood. This creeping concealedness takes various forms. The fasteners holding small appliances together now often require esoteric screwdrivers not commonly available, apparently to prevent the curious or the angry from interrogating the innards. By way of contrast, older readers will recall that until recent decades, Sears catalogues included blown-up parts diagrams and conceptual schematics for all appliances and many other mechanical goods. It was simply taken for granted that such information would be demanded by the consumer.

A decline in tool use would seem to betoken a shift in our mode of inhabiting the world: more passive and more dependent. And indeed, there are fewer occasions for the kind of spiritedness that is called forth when we take things in hand for ourselves, whether to fix them or to make them. What ordinary people once made, they buy; and what they once fixed for themselves, they replace entirely or hire an expert to repair, whose expert fix often involves installing a pre-made replacement part.

Orkut: The Killer Wail

A perplexed Jai Arjun Singh whines about Orkut but also tries (very half-heartedly) to understand why it appeals to so many people?
 
A few weeks ago, shortly after I accepted an invitation to open an account on Orkut, the increasingly popular online forum run by Google, a female friend expressed annoyance about the many strange men who hit on her after seeing her profile (which, by and by, specified her status as "married").
 
There are random testosterone-charged alpha-males trawling this community, she tut-tutted; they put up photographs of their flexed biceps, seek out women of all hues and shapes and leave messages to the tune of "Hi! Wanna make fransip?" Or something equally ungrammatical but much more explicit.
 
A month on, with due respect to all ladies who dislike being harassed thus, I must play devil's advocate and proffer this observation: of all the people I've seen using the Orkut scrapbook to communicate, those desperate Romeos are easily among the most purposeful.
 

Globalising swadeshi management

Indian companies gobbling up competitors around the world is no longer news. So Bhupesh Bhandari turns the spotlight on the early acquisitions to see how well they've fared in their new environment.
 
The carillon is as far removed from India as the igloo. The musical instrument, composed of at least 23 cup-shaped bells played from a baton keyboard using fists and feet, has its origins in the Low Countries of the 15th century when it was mounted on churches as a token of civic pride and status.
 
But on this pleasant October afternoon, it was the Indian national anthem that Jo Haazen, the foremost carillonneur in the world, was playing at the town square of Mechelen, a small town halfway between Antwerp and Brussels. The mayor had thrown a reception for Gautam Thapar for saving the jobs of thousands in the town; Haazen and hundreds of others were expressing their gratitude.
 
In 2004, Thapar's Crompton Greaves had acquired the Pauwels Group for ¤28 million. Its mother plant at Mechelen (it has four others around the globe) had about 1,300 locals on its rolls and provided indirect employment to at least another 7,000 in the town. These people faced a bleak future with the company in financial distress and on the verge of closure — it had reported a loss on a turnover of ¤245 million in 2004.
 

Friday, November 03, 2006

IT.in has lost its zing

Mini Joseph Tejaswi & R Raghavendra | TNN
 
Bangalore: Karnataka's premiere IT expo, Bangalore IT.in, has lost the colour and the charm of its early years. Touted as the largest business-to-business tech exposition of Asia, the event is now being widely criticised for lacking in direction, and failing to draw any worthwhile participation from either domestic or foreign business.
 
"This show is no indication of Bangalore's IT prowess or its branding in the global market. It's our maiden involvement in IT.in. We were expecting a tech show like Systems in Munich or Cebit in Hannover. Frankly, coming here is such a waste of time, energy and money for us,'' said Hurtmut Ade of SAR Elektronic GmbH (Germany).
 
The quality of visitors and the stalls are a key concern for several participants. Says Felix Donoso of Barcelonabased Management Systems Solutions, "If this is Asia's largest IT show, why are big boys, IBM, Microsoft or Sun Microsystems missing? I think the realty, hiring, utility and travel desk kind of outlets outnumber tech stalls here. Also, the quality and flow of business and general visitors are very poor.''
 
At times, it appears as if finding takers for stalls seems to be the single biggest concern of organisers. "Government focuses only on selling and filling up the space. No one is worried of quality or value for money, time and effort. The show is a mela of students and janta,'' commented an IT professional.
 
Participating in an event of this magnitude requires months of planning, including travel and accommodation. "In this form and shape, the show is not worth all the trouble,'' said a senior official of a Delhi-based IT services firm.
 
Some note that the IT & BT secretary was changed twice during the year, disrupting the planning process for the event. Others point out that potential overseas participants plan their schedules often a year in advance. "But IT.in dates are finalised too late in the year for foreigners to accommodate it in their schedules," says a foreign country representative.
 
Organisers are well aware of the changing sentiments. "The show has been successful with special zones for intellectual property and semiconductors. But it needs improvement. We need to take certain precautions to make it a continued success,'' admitted B V Naidu, director, STPI.
 
Says state IT & BT secretary M N Vidyashankar: "I feel the whole initiative so far has been too governmentdriven. From the next edition, we would like it to be a market-driven affair. We are going to initiate a series of meetings with the industry to understand their needs and expectations from the event. The event also needs proper branding and marketing.''
 
Having seen the birth of this event, bureaucrat-turned-entrepreneur Vivek Kulkarni felt that the government could plan better. "More accountability can be brought in. It has to be a pure B2B event. Along with software and BPOs, hardware too should benefit from it,'' he said.
 
Infosys says it is proud to participate in the event. However, it is concerned about the way things have changed in the last two years. "Two years back, there were even boycotts by companies who then came back and participated. There is a feeling that the relationship between the government and the industry is not satisfying,'' said Kris Gopalakrishnan, COO & president, Infosys. So, if IT.in is not to become IT.out, the government needs to do some serious thinking.
 

Wednesday, November 01, 2006

Morgan Stanley's Recipe for Disaster

It had been a long day for Jeffrey Davidson. It was already past 5 p.m. on March 22, 2005, and the Kirkland & Ellis partner had spent hours questioning potential jurors. His client, Morgan Stanley & Co. Inc., was about to go on trial in state court in West Palm Beach, Fla., charged with defrauding billionaire Ronald Perelman. Perelman wanted $2.7 billion for being stuck with a bunch of worthless securities in Sunbeam Corp., the residue of a deal that Morgan Stanley had concocted. As the long day in court drew to a close, Davidson was surprised when his co-counsel from a local Florida firm stepped forward and handed the lawyers and the judge a three-page document. Davidson had not seen it before. It had been prepared in such haste that it was missing its attachments.

Davidson was stunned by what he read. Asserting that the trial judge had "lost all confidence in any statement" made by Kirkland, Morgan Stanley was firing the firm as lead counsel. Davidson kept reading, and it got worse. His client was also putting Kirkland on notice of a potential malpractice claim.

A man in the back of the courtroom stood to address Circuit Court Judge Elizabeth Maass. "Your Honor, I'm Don Kempf. I'm the general counsel of Morgan Stanley. Your Honor, I made this decision today. I didn't even talk to Mr. Davidson about it." Donald Kempf Jr. explained that he had no idea that the problems with Kirkland in the courtroom were so bad until he saw them with his own eyes. "There is nothing like real-time listening to the court and following the transcript, which I've been doing the last two days, to drive home reality in this situation," he explained.