Showing posts with label lehman. Show all posts
Showing posts with label lehman. Show all posts

Monday, May 21, 2012

Presidential primary: Ivy League or bust!

Now that we know that either Obama or Romney will be President next year, we also know that, from 1989 through at least 2017, every President of the United States will have had a degree from either Harvard or Yale or, in the case of George W. Bush, both. That could be a three-decade accident, or it may be a sign of something lasting—the educational version of the inequality surge, elevating “one per cent” institutions far above the rest. 
Yep, Reagan was the last of the "99 percent" Presidents--however, I doubt whether the OWS folks will celebrate Reagan!  Anyway, Reagan graduated from Eureka College.  But, wait, while Eureka is no Ivy, it is not a relatively inexpensive state school either.

Perhaps Obama transferred out of Occidental to Columbia because he truly understood this aspect of an Ivy League education!

Anyway, that is from Nicholas Lehman's short essay in the New Yorker, in which he adds:
In higher education, the United States may be on its way to becoming more like the rest of the world, with a small group of schools controlling access to life membership in the élite. And higher education is becoming more like other areas of American life, with the fortunate few institutions distancing themselves ever further from the many. All those things which commencement speakers talk about—personal growth, critical-thinking skills, intellectual exploration, breadth of learning—will survive at the top institutions, but other colleges will come under increased pressure to adopt the model of trade schools.
Ahem, we have already strayed from education and become a bunch of trade schools!

With every passing day, the wisdom of the five-minute university grows more and more appealing :)

Monday, September 15, 2008

Bakersfield, too, contributed to Lehman Bros' demise

In light of Lehman Brothers' bankruptcy, am reposting an earlier one:
We lived in Bakersfield, CA, before moving to Oregon. We sold our home just before the real estate mania set in. Bigger and bigger homes were being built, and speculators (flippers) were buying from all over. McAlister Ranch was one such mega project, which is one of the reasons that Lehman Brothers is now in a mess (watch the following YouTube clip)




I tell you, we are the United States of Gordon Gekkos :-(
Update: the Bakersfield Californian lists the investments in Bakersfield and Kern County with the Lehman connection.

Wednesday, July 09, 2008

The real estate downward spiral

We lived in Bakersfield, CA, before moving to Oregon.  We sold our home just before the real estate mania set in.  Bigger and bigger homes were being built, and speculators (flippers) were buying from all over.  McAlister Ranch was one such mega project, which is one of the reasons that Lehman Brothers is now in a mess (watch the following YouTube clip)

Meanwhile, here is a news item from a different part of the US--Muskegon, MI:
A man, allegedly upset over a real estate transaction, shot a realtor in the head at the realtor's office Tuesday morning.



Robert Johnson, 73, walked into Nexes Realty at 880 Broadway in Muskegon and asked for the realtor, Troy VanderStelt, by name. He went into a conference room and waited.

"It appears this was essentially an execution-style murder in the conference room," Muskegon County Prosecutor Tony Tague said. "He went over there with a handgun, asked specifically for this real estate agent, went into a conference room and within minutes fired a shot at point blank range into the side of the victim's head."