Wednesday, October 28, 2020
Tuesday, October 27, 2020
Going, Going, Gone ...
The special boost for recruited athletes, known as preferential admission, can be equivalent to hundreds of SAT points. According to The Washington Post, Harvard, which typically admits approximately 5 percent of its applicants, reports acceptance rates as high as 88 percent for athletes endorsed by its coaches. “Parents see the numbers,” says Luke Walton, an Olympic rower and the founder of Rower Academy, a San Diego–based recruiting consultancy for high-school crew athletes. “They see that if their child can get the backing of a coach, they are likely to get in. That’s a shiny object—a fishing lure for parents. They look at that and say: ‘That’s the answer. Sports is the answer.’ Along with the ability to pay 70-80K per year to get Harvey into Harvard.
This bucolic frenzy of the monied class pushing their kids to the max with emphasis on sports in order to get into highly rated colleges is slowly going away thanks to COVID-19, the ongoing 2020 great depression and the real possibility of economic collapse due to the harsh reality of fixed cost's and how they apply to virtually every business in America including higher ed. Consider that the nation is in the grip of the 2nd/3rd wave and the fact kids are not in school paying exorbitant tuitions shows how strongly fixed costs are embedded whereby you have to have 100% paying customers to cover fixed costs and make a profit. This is obviously not happening. End result, said colleges try to survive by lowering tuitions, which won't work, due to fixed costs, forget profits forever, or vastly increase the number of students, which also won't work because of the aforementioned fixed costs must keep pace with the larger enrollment which means finding more customers to cover costs and make a profit becomes a Wicked Problem.
Here's another dose of realty ...
As the global tsunami of Wave 2 sweeps away the sandcastles of denial, fantasy and magical thinking, it's worth recalling that the Covid-19 virus has four features that make it difficult to control:
2. Carriers with no symptoms can infect others.
3. A significant percentage of older / compromised patients develop severe symptoms that require hospitalization.
4. Once the healthcare system is overwhelmed, the system cannot provide care to everyone who needs it. As a result, the death rate rises the moment the healthcare system is overwhelmed / breaks down.
The global economy was teetering on the edge of recession and financial implosion long before the pandemic appeared. Ending the pandemic cannot restore an illusion of "growth" that masked a hollowed out, fragile, brittle global economy.
The Global Depression was baked in long before the pandemic. All the pandemic did was kick out the last rotten 2X4s holding up the fading facade of "growth."
Unfortunately, central banks can't "print" experienced doctors or nurses. When the front line of healthcare workers is depleted by illness and burnout, there are no substitutes or Big Tech robots-to-the-rescue. The healthcare system we've optimized for "creating shareholder value" (i.e. unlimited greed pathologically pursued by any means available) will break down and that will be that.
Central banks can't "print" creditworthy borrowers, solvent companies, real-world collateral, risk-free "investing," oil, jobs, trust in failed institutions, social cohesion or anything else of importance that is now scarce.
The belief that central banks printing currency can "buy/fix" everything that's broken, lost or scarce is the ultimate in denial, fantasy and magical thinking. All that was unsustainably fragile, corrupt and brittle is unraveling, and thinking that ending the lockdowns, approving a vaccine, etc. will stave off causality is the supreme indulgence in denial, fantasy and magical thinking.
The bloodbath begins ...as profits disappear.
Ohio Wesleyan University is eliminating 18 majors. The University of Florida’s trustees this month took the first steps toward letting the school furlough faculty. The University of California, Berkeley, has paused admissions to its Ph.D. programs in anthropology, sociology and art history.
As it resurges across the country, the coronavirus is forcing universities large and small to make deep and possibly lasting cuts to close widening budget shortfalls. By one estimate, the pandemic has cost colleges at least $120 billion, with even Harvard University, despite its $41.9 billion endowment, reporting a $10 million deficit that has prompted belt tightening.
Lastly ... remember, COVID-19 is just the warmup for, you guessed it. Global Warming.
Saturday, October 24, 2020
All the world's a stage
All the world’s a stage,And all the men and women merely players;They have their exits and their entrances;And one man in his time plays many parts,His acts being seven ages. At first the infant,Mewling and puking in the nurse’s arms;And then the whining school-boy, with his satchelAnd shining morning face, creeping like snailUnwillingly to school. And then the lover,Sighing like furnace, with a woeful balladMade to his mistress’ eyebrow. Then a soldier,Full of strange oaths, and bearded like the pard,Jealous in honour, sudden and quick in quarrel,Seeking the bubble reputationEven in the cannon’s mouth. And then the justice,In fair round belly with good capon lin’d,With eyes severe and beard of formal cut,Full of wise saws and modern instances;And so he plays his part. The sixth age shiftsInto the lean and slipper’d pantaloon,With spectacles on nose and pouch on side;His youthful hose, well sav’d, a world too wideFor his shrunk shank; and his big manly voice,Turning again toward childish treble, pipesAnd whistles in his sound. Last scene of all,That ends this strange eventful history,Is second childishness and mere oblivion;Sans teeth, sans eyes, sans taste, sans everything.
As you like it - Shankespeare
Friday, October 23, 2020
Thursday, October 22, 2020
Imploding in real time ...
Wednesday, October 21, 2020
Separation of Church & State yet again.
- The flood of immigrants to Europe thanks to the destruction of Lybia by the US and ...
- The elimination of the separation of church and state in America thanks to the Robert's supreme court.
Pedestrians walk along Marseille's Old Port as the town hall is lit up in the French Tricolor to honor slain teacher Samuel Paty, Wednesday, Oct. 21, 2020. French history teacher Samuel Paty was beheaded in Conflans-Sainte-Honorine, northwest of Paris, by an 18-year-old Moscow-born Chechen refugee, who was later shot dead by police. (AP Photo/Daniel Cole)
Saturday, October 17, 2020
Wednesday, October 14, 2020
Rewild the world
- Stop eating meat as this is totally unsustainable due to the fact 30% of all arable land is used to feed Leghorn T. Foghorn, Bessie and Porky.
- Expand no fishing zones to allow fish stocks and large predators to recoup.
- Eliminate fossile fuels to stop CO2 production.
- Stop burning down rain forests.
- Reduce human population
- Go sustainable. Growth requires ever more plundering of earths resouces.