JoePa Shielding the Assets

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STATE COLLEGE, Pa. — Joe Paterno transferred full ownership of his house to his wife, Sue, for $1 in July, less than four months before a sexual abuse scandal engulfed his Penn State football program and the university. — nytimes.com Read more →

Thank God for Coach K

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Without whom Duke would be known for nothing more than educating the idiot offspring of our nation’s tobacco barons. Now that he’s broken the record, are there any grand jury reports waiting to be released? Related articles Duke Basketball Coach Krzyzewski On Joe Paterno: ‘I Think He’s A Great Man And It’s A Horrific Situation’ (huffingtonpost.com) Read more →

Educating Oligarchs

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Education not only increases the average income a person will earn, but it also changes the entire distribution of possible life outcomes. It does not guarantee that a person will end up in the top 1 percent, but it increases the likelihood. I have not seen any data on this, but I am willing to bet that the top 1 percent are more educated than the average American; while their education did not ensure their economic success, it played a role. Let me give you a couple examples. I am comfortably in the top 1 percent. I believe that Paul [Krugman], with his Princeton professorship, regular Times column, speaking fees, and moderately successful textbook, is there as well. I suspect (although cannot prove) that if he and I had stopped our educations after finishing high school, we would not have been anywhere near where we are in the income distribution.… Read more →

Second City Comedy

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In the middle of an Occupy Chicago teach-in this week, traders at the Chicago Board of Trade dumped several sheets of paper on top of the heads of protesters below. Demonstrators were angered to find out they were showered with employment applications for McDonald’s. — Mediaite Read more →

Extensions to Logic for Common Sense

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From some John McCarthy lecture slides on extensions to logic for common sense. Problem Find the height of a building using a barometer. Intended answer Multiply the difference in pressures by the ratio of densities of mercury and air. Unintended common sense answers Drop the barometer from the top of the building and measure the time before it hits the ground. Measure the height and length of the shadow of the barometer and the shadow of the building. Rappel down the building with the barometer as a yardstick. Lower the barometer on a string till it reaches the ground and measure the string. Sit on the barometer and multiply the stories by ten feet. Tell the janitor, “I’ll give you this fine barometer if you’ll tell me the height of the building.” Sell the barometer and buy a GPS. Read more →

Amy Chua > Dr. Spock

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Here’s a photo of some of the students who scored 800 on sections or subject tests of the SAT at Wilson High School in Hacienda Heights. What do they have in common? Does anything jump out at you? Either Asian kids are just genetically superior with regard to intelligence, or Amy Chua should replace Dr. Spock on the parenting bookshelf . . . Read more →

Herman Cain’s 9-9-9

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By slashing the income tax rate, effectively, in half, he makes it that much more worthwhile to get up in the morning, take risks, work hard, take chances, and invest in progress. By eliminating the capital gains tax, he rewards investment and ownership and makes it possible for people to move up the economic ladder, not through phony teaser Fannie Mae mortgages, but by smart purchases and skillful investment. . . . Herman Cain would establish America as a beacon for investors, entrepreneurs, inventors, creative business people, and all manner of upwardly mobile, ambitious men and women. He would give the U.S. the lowest personal and corporate tax rates in the world, and the only place where investment earnings are tax free. In the process, he and his plan would kindle decades of robust economic growth. He would make the next few decades a continuation of the American Century. —… Read more →

Growing a System

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Some years ago, Harlan Mills proposed that any software system should be grown by incremental development. That is, the system first be made to run, even though it does nothing useful except call the proper set of dummy subprograms. Then, bit by bit, it is fleshed out, with the subprograms in turn being developed into actions or calls to empty stubs in the level below. . . . Nothing in the past decade has so radically changed my own practice, and its effectiveness. . . . One always has, at every stage, in the process, a working system. I find that teams can grow much more complex entities in four months than they can build. — Fred Brooks, “No Silver Bullet: Essence and Accidents of Software Engineering” Read more →

Alone Together

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We are lonely but fearful of intimacy. Constant connectivity offers the illusion of companionship without the demands of friendship. We can’t get enough of each other if we can have each other at a distance and in amounts we can control. — Sherry Turkle Read more →

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