Wednesday, April 27, 2011

It's nice to be recognized: Police raid wrong home, recognize judge.

There's a story out of (where else) Florida about police responding to a POSSIBLE burglar by pulling folks out of their house and threatening them. And thankfully someone recognized the judge who happened to be there for Easter.

I wonder if that kind of thing happens in Texas.


The Aspen Institute Prize - Mediocrity in Action

Higher Ed yesterday reports about the Aspen Institute prize for excellence that was announced last year by the White House.

The important thing is not who's on the list of the most excellent 120 community colleges. The CRITERIA for being on that list, and winning recognition, is given at the top. What should give everyone with good sense a reason to pause is the set of criteria, especially the last one. Here they are

"In a comprehensive review of publicly available data, these 120 two-year institutions—from 32 states—have demonstrated strong outcomes considering three areas of student success:
  • student success in persistence and completion,
  • consistent improvement in outcomes over time, and
  • equity in outcomes for students of all racial/ethnic and socioeconomic backgrounds."
The troubling part is the "equity in outcomes" mess. There has never been, in any society documented by history, equity in outcomes. This country is unique in the history of mankind in the way it grants equity in opportunity, but equity in outcomes is impossible to achieve.

Equity in outcomes presumes that we all have the same abilities and preferences, and that we're all motivated the same way. Last I checked that isn't the case. We all have talents and other things that we aren't talented with - hard work is the great equalizer. We all have our personal goals and motivations that drive us.

Can we all expect to achieve the same results in our lives? Clearly not. Look at how many people fall into the "wasted potential" category - we all know folks like this I'm sure. They can't keep a job for whatever reason, or pick a career or major, or they've squandered their opportunities in life. Hard work pays off, and free riding doesn't, whether we talking about social systems or elementary school.

Think about public schools, for example. Does everyone finish at the top of their high school class? No? Then there isn't equity of outcomes.

From the standpoint of financial economics, promising an "equality of outcomes" tends to 1) be a lie, and 2) stifle incentives to achievement. If you know that you'll at least get a C in the class, in the name of outcome equity, then why bother studying?

I'll propose an experiment in "equity of outcomes" for my undergrad students. The next time we have an exam, I'll set the median at 80, and then take points from those folks ABOVE 80 and redistribute them to the folks BELOW 80 to get everyone closer to the median. That's equity, right? I bet that won't go over too well with all those A and B students - surprising, since I bet a few of them buy into the idea that the rich are getting richer. Isn't that what getting an A means? You're a "richer" student, right? Isn't it greedy to keep all those points for yourself?

What America has demonstrated, at least until the last few years, is that it's possible to provide people with the opportunities they need to survive. How many times have we seen immigrants come here with nothing (legally) and leave a successful business empire to their children? If we look at the makeup of the top 25% of income earners in this country, it changes constantly. We have no "classes" here like other cultures have, traditionally; but it may be in the interest of politicians to change that, or at least to make us feel that we're in some downtrodden "class" group or another. Beware elected officials promoting "outcomes" - that sounds like "a chicken in every pot."

Monday, April 25, 2011

Where did all the anti-war protesters go? John Stossel again.

John Stossel has a piece today discussing a research report about anti-war protests. It seems that maybe these folks weren't really protesting wars as much as they were protesting Mr. Bush.

Alternatively, they may have just gotten jobs in the interim and now they don't have time to protest, much like the rest of us out here.

A theory: their moms threw them out of her basement and MADE THEM go get jobs. Once they saw their first paycheck they realized that Marxism wasn't really for them, and dropped out of the protest movement. Just a theory.

Wednesday, April 20, 2011

Treasury in a rush to sell Uncle Sam's GM stake

I guess this was inevitable, but the administration will do everything it can to distance itself from "Government Motors" and that company's new stock, according to a WSJ report yesterday.

Can you blame them? I wish, though, that some government types had had a little more spine when the time came to bail them out to start with, but I think most of that was about protecting the unions from losing money. Shareholders lost money, bondholders lost money, and I'm sure the unions lost a little bit, but the unions ended up with a huge chunk of the new company.

Hey, just like in places like Germany and France. Thank goodness we have THEIR examples to follow.

Friday, April 15, 2011

Lucky Chucky Schumer slams Houston over shuttle snub

New Yawk's senior senator Chuck Schumer had some comments about the shuttle decision.

"When people from Paris, Beijing, Tokyo and Amsterdam start saying they want to go to Houston, maybe then they'll get a shuttle," Schumer told the Daily News. "I'd say to Texas, don't mess with New York."

Wow, such hostility. How about that vitriolic rhetoric there?

My only retort: Once people from Paris, Beijing, Tokyo and Amsterdam actually GO to New York, they'll probably wish they'd gone to Houston instead.