Category: Education

Berkeley Environmentalist Sticks to Her Knitting

StofleShelbyGathersWool2011-11-10.jpg “Avid knitter Shelby Stofle, gathering wool from sheep in Vacaville Calif., hopes to set up a business making scarves and selling them at craft fairs.” Source of caption and photo: online version of the WSJ article quoted and cited below.

(p. A5) Shelby Stofle graduated in December from the University of California at Berkeley with $10,250 in student-loan debt–and no job offers from a dozen applications.

The 24-year-old had hoped to work in environmental conservation or sustainable agriculture but struck out even at a grocery store near her rural hometown of Suisun City, Calif.
. . .
With many employment options exhausted, she said she feels her best shot is to set up her own business, selling her hand-made scarves at craft fairs and farmers’ markets.

For the full story, see:
VAUHINI VARA. “As Jobs Vanish, Sticking to Knitting.” The Wall Street Journal (Mon., OCTOBER 31, 2011): A5.
(Note: ellipsis added.)

Haiku Economist Ziliak Praises and Analyzes Jobs Haiku

On 11/8/11 I received a gracious and interesting email from Steve Ziliak praising and analyzing my recent Jobs haiku. Economist Ziliak has written haiku and written about haiku.
He gave me his permission to share his email:

Dear Art,
Congratulations on your prize-winning haiku about the economy! I read all of the haiku selected by the Kauffman Foundation and posted by The Economist. Meaning no disrespect for the hard-working others, Steve Ziliak aka The Haiku Economist agrees that your haiku was the best of the bunch. Pairing jobs-with-Jobs is potentially hazardous to poetry to the point of being country-newspaper corny. But you’ve pulled it off well in a “senryu” thanks to the dead-serious yet softly spoken third line, “innovate to grow”. Thus “jobs” and “Jobs” serve as “cut words” (kiru or kireji), taking us from the literal to the figurative and back again (that is, to innovation, output, and employment). Well done.
Here are a few articles on the theory, Art, and history of haiku economics, which I first developed ten years ago (in 2001) when I was teaching at Georgia Tech:
http://www.poetryfoundation.org/poetrymagazine/article/240970
http://stephentziliak.com/doc/IJPEE0101-0209%20ZILIAK.pdf
http://stephentziliak.com/doc/Ziliak%20Verses%20of%20Economy%201.pdf
http://www.economist.com/blogs/prospero/2011/01/poetry_and_economics
http://www.tandfonline.com/doi/abs/10.1080/08935690500241501#preview
(In 2002 I published “Haiku Economics” in Rethinking Marxism;
this link here is to “Haiku Economics, No. 2”, published in 2005).
And here is a link to my students’ achievements with haiku economics:
http://sites.roosevelt.edu/sziliak/haiku-economics-by-roosevelt-students/
Congrats again, Art, and keep writing!
Things beyond number
all somehow brought to mind by
blossoming cherries.
– Basho
All the best,
Steve aka The Haiku Economist
Stephen T. Ziliak
Trustee and Professor of Economics
Roosevelt University
430 S. Michigan Ave
Chicago, IL 60605
http://sites.roosevelt.edu/sziliak
http://stephentziliak.com

Art Diamond Describes Honors Colloquium on Creative Destruction

The clip above is embedded from You Tube. It was recorded on July 6, 2011 in Mammel Hall, the location of the College of Business at the University of Nebraska at Omaha (UNO). I am grateful to Charley Reed of UNO University Relations for doing a great job of shooting and editing the clip.

Chinese Emphasis on Rote Learning Produces Passive Researchers

(p. A15) Hardly a week goes by without a headline pronouncing that China is about to overtake the U.S. and other advanced economies in the innovation game. Patent filings are up, China is exporting high-tech goods, the West is doomed. Or so goes the story line. The reality is very different.
. . .
But more than 95% of the Chinese applications were filed domestically with the State Intellectual Property Office–and the vast majority cover “innovations” that make only tiny changes on existing designs. A better measure is to look at innovations that are recognized outside China–at patent filings or grants to China-origin inventions by the world’s leading patent offices, the U.S., the EU and Japan. On this score, China is way behind.
. . .
China’s educational system is another serious challenge because it emphasizes rote learning rather than creative problem solving. When Microsoft opened its second-largest research lab (after Redmond, Wash.) in Beijing, it realized that while the graduates it hired were brilliant, they were too passive when it came to research inquiry.
The research directors attacked this problem by effectively requiring each new hire to come up with a project he or she wanted to work on. Microsoft’s approach is more the exception than the rule among R&D labs in China, which tend to be more top-down.

For the full commentary, see:
ANIL K. GUPTA AND HAIYAN WANG. “Chinese Innovation Is a Paper Tiger; A closer look at China’s patent filings and R&D spending reveals a country that has a long way to go.” The Wall Street Journal (Thurs., July 28, 2011): A15.
(Note: ellipses added.)

“Credentialing Gone Amok—In 20 Years, You’ll Need a Ph.D. to Be a Janitor”

(p. 17) Call it credential inflation. Once derided as the consolation prize for failing to finish a Ph.D. or just a way to kill time waiting out economic downturns, the master’s is now the fastest-growing degree.
. . .
“There is definitely some devaluing of the college degree going on,” says Eric A. Hanushek, an education economist at the Hoover Institution, and that gives the master’s extra signaling power. “We are going deeper into the pool of high school graduates for college attendance,” making a bachelor’s no longer an adequate screening measure of achievement for employers.
Colleges are turning out more graduates than the market can bear, and a master’s is essential for job seekers to stand out — that, or a diploma from an elite undergraduate college, says Richard K. Vedder, professor of economics at Ohio University and director of the Center for College Affordability and Productivity.
Not only are we developing “the overeducated American,” he says, but the cost is borne by the students getting those degrees. “The beneficiaries are the colleges and the employers,” he says. Employers get employees with more training (that they don’t pay for), and universities fill seats. In his own department, he says, a master’s in financial economics can be a “cash cow” because it draws on existing faculty (“we give them a little extra money to do an overload”) and they charge higher tuition than for undergraduate work. “We have incentives to want to do this,” he says. He calls the proliferation of master’s degrees evidence of “credentialing gone amok.” He says, “In 20 years, you’ll need a Ph.D. to be a janitor.”

For the full story, see:
LAURA PAPPANO. “The Master’s as the New Bachelor’s.” The New York Times, EducationLife Section (Sun., July 24, 2011): 16-17.
(Note: ellipsis added.)
(Note: the online version of the story is dated July 22, 2011.)

Political Ideology Matters in Hiring and Tenure

compromising-scholarship-religious-and-political-bias-in-american-higher-educationBK.jpg

Source of book image:
http://images.borders.com.au/images/bau/97816025/9781602582682/0/0/plain/compromising-scholarship-religious-and-political-bias-in-american-higher-education.jpg

(p. 34) . . . when a faculty committee is looking to hire or award tenure, political ideology seems to make a difference, according to a “collegiality survey” conducted by George Yancey.

Dr. Yancey, a professor of sociology at the University of North Texas, asked more than 400 sociologists which nonacademic factors might influence their willingness to vote for hiring a new colleague. You might expect professors to at least claim to be immune to bias in academic hiring decisions.
But as Dr. Yancey reports in his new book, “Compromising Scholarship: Religious and Political Bias in American Higher Education,” more than a quarter of the sociologists said they would be swayed favorably toward a Democrat or an A.C.L.U. member and unfavorably toward a Republican. About 40 percent said they would be less inclined to vote for hiring someone who belonged to the National Rifle Association or who was an evangelical. Similar results were obtained in a subsequent survey of professors in other social sciences and the humanities.

For the full commentary, see:
LAURA PAPPANO. “The Master’s as the New Bachelor’s.” The New York Times, EducationLife Section (Sun., July 24, 2011): 34.
(Note: ellipsis added.)
(Note: the online version of the commentary is dated July 22, 2011.)

Book mentioned:
Yancey, George. Compromising Scholarship; Religious and Political Bias in American Higher Education. Waco, TX: Baylor University Press, 2011.

$130,000 Federal Stimulus Used by Omaha Public Schools for Manual Attacking American Institutions

(p. 1A) The Omaha Public Schools used more than $130,000 in federal stimulus dollars to buy each teacher, administrator and staff member a manual on how to become more culturally sensitive.
The book by Virginia education consultants could raise some eyebrows with its viewpoints.
The authors assert that American government and institutions create advantages that “channel wealth and power to white people,” that color-blindness will not end racism and that educators should “take action for social justice.”
The book says that teachers should acknowledge historical systemic oppression in schools, including racism, sexism, homophobia and “ableism,” defined by the authors as discrimination or prejudice against people with disabilities.
The authors argue that public school teachers must raise their cultural awareness to better serve minority students and improve academic achievement.

For the full story, see:
Joe Dejka. “OPS Says It Won’t Go totally by the Book.” Omaha World-Herald (Sunday, July 10, 2011): 1A & 2A.
(Note: the online version of the article has the title “OPS buys 8,000 diversity manuals.”)

Entrepreneurs Stanley and Wood Apply Econometrics to Business Data Analysis

StanleyWoodEntrepreneurs2011-07-16.jpg “Grant Stanley, left, and Tadd Wood founded Contemporary Analysis, which uses data to solve sales, marketing, customer retention, employee management and planning problems.” Source of caption and photo: online version of the Omaha World-Herald article quoted and cited below.

The entrepreneurs celebrated in the article quoted below are former students of mine. Grant Stanley was in my Economics of Entrepreneurship and Economics of Technology seminars and Tadd Wood was in my Honors Colloquium on Creative Destruction. I wish them well.

(p. 1D) A half-dozen 20-something math, economics and neuroscience whizzes form Contemporary Analysis, an Omaha-based firm that is making predictive analytics available to a wider array of firms faster and for less money.

The team, which has a penchant for roaming around its Old Market office shoeless, is led by Grant Stanley, 23, the company’s chief executive. He founded the firm in March 2008 with Tadd Wood, 23, who is now a senior analyst.
For nearly three years, Contemporary Analysis has built a customer base mostly of companies and businesses with lean budgets, meaning they didn’t have a lot of cash to spend on analytics products. Traditionally, analytics firms lock clients into expensive, long-term contracts.
Not Contemporary Analysis.
Their products are designed to yield results in about a month, and average contracts are about $5,000, Stanley said. The company’s analytics tools use data to solve sales, marketing, customer retention, employee management and planning problems.
. . .
(p. 2D) A . . . report from the IBM Institute for Business Value found that top-performing organizations use analytics five times more than lower performers.
Of the 3,000 executives, managers and analysts polled for the IBM report, those who came from high-performing companies said they used analytics to guide future strategies 45 percent of the time and day-to-day operations 53 percent of the time. By comparison, lower-performing firms used analytics 20 percent when addressing future business matters and 27 percent on a daily basis.

For the full story, see:
Ross Boettcher. “Omaha Whizzes Bring Analytics to More Companies.” Omaha World-Herald (Thursday, July 14, 2011): 1D & 2D.
(Note: ellipses added.)
(Note: the online version of the article has the title “Making analytics affordable.”)

Few Good Jobs for China’s College Graduates

(p. A13) BEIJING–Young people calling themselves the “ant tribe” and living in Beijing’s outskirts have prompted a national discussion about the tough job market for college graduates in China.
The term “ants”–referring to the graduates’ industriousness as well as their crowded, modest living conditions–was coined in a book by Lian Si, a professor at the University of International Business and Economics in Beijing, who in a 2007-09 survey of 600 Beijing-area college graduates found their average monthly income was the equivalent of $300.
The book touched a nerve in China, inspiring both admiration for the young people’s striving and indignation at their living conditions. Earlier this year, several members of the Chinese People’s Political Consultative Conference, an advisory body to the government, said they were moved to tears on a visit to the village of Tangjialing when they heard two young men who shared a 50-square-foot room sing a song they composed about their tough lives.
. . .
The “Song of the Ants” is a favorite. Its refrain: “Though we have nothing, we are tough in spirit; though we have nothing, we are still dreaming; though we have nothing, we still have power; though we have nothing, we are not afraid of being deserted.”

For the full story, see:
Sue Feng and Ian Johnson. “Job Squeeze in China Sends ‘Ants’ to Fringes; Millions of College Graduates Stack Up, Seek Cheap Living on Beijing Outskirts.” The Wall Street Journal (Tues., May 4, 2010): A13.
(Note: ellipsis added.)
(Note: the online version of the story is dated May 3, 2010 and has the title “China Job Squeeze Sends ‘Ants’ to Fringes; Millions of College Graduates Stack Up, Seek Cheap Living on Beijing Outskirts.”)