miscellaneous

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We all make mistakes

Byuclafaculty

UC Berkeley grad spots $2 trillion S&P debt downgrade error Blog from San Francisco Chronicle 8/11/11 It took the sharp eye and calculating mind of John Bellows, a UC Berkeley 2009 Economics Ph.D grad, to catch the $2 trillion error in Standard & Poor’s credit rating that has roiled the global markets since it was issued Aug. 5. Bellows noted that S&P based its judgment on a projection that the U.S. debt as a share of the nation’s gross domestic product would rise rapidly over the next 10 years. The error, which S&P acknowledged in private conversations with the Treasury…

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UCLA History: Jackie Robinson

Byuclafaculty

Jackie Robinson at UCLA in 1941. “At UCLA, Jackie became the first athlete to win varsity letters in four sports: baseball, basketball, football and track. In 1941, he was named to the All-American football team. Due to financial difficulties, he was forced to leave college, and eventually decided to enlist in the U.S. Army.” Source: http://www.jackierobinson.com/about/bio.html

Oops! Are We Missing from the Open Access Group?

Byuclafaculty

Inside Higher Ed today notes that various universities, public and private, have formed the Coalition of Open Access Policies. Among the members are such institutions as MIT, Columbia, Harvard, and Stanford. But no UCs are listed, although – as noted above – public universities in other states are members. Apparently, the Coalition was started at the U of Kansas. If you click on the link at the end of this entry, it will in turn send you to a link to a press release at that university which says: In 2009, KU was the first public university in the United…

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Debt Deal (if there really is one) and Higher Ed

Byuclafaculty

Excerpt from Inside Higher Ed: Short-Term Stability, But … August 1, 2011 Congressional leaders appeared late Sunday to have reached a deal on increasing the nation’s debt limit that would avoid many of higher education’s worst-case scenarios: cuts to Pell Grants, the end of subsidized student loans, or a government default that would leave student financial aid and other funding for colleges in limbo going into the fall semester. But as details about the deal began to emerge Sunday evening, it became clear that the plan leaves colleges and universities with plenty of long-term uncertainty. The plan, which will be…

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UCLA’s Contribution to the Art of the Cinema

Byuclafaculty

UCLA’s campus is often used for scenes in movies, TV shows, and commercials. Only one movie centers on UCLA and it has to be one of the worst movies ever made. But for your summer enjoyment, this blog makes it available. Much of it was filmed at UCLA with some scenes at LA City Hall, Westside Pavilion, the Natural History Museum and vicinity, and other parts of LA. Big Man on Campus (1989) In this version of “The Hunchback of Notre Dame”, a hunchback is found living in the bell tower of UCLA. He is put on trial and made…

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Could Washington Debt-Ceiling Impasse Adversely Affect UC?

Byuclafaculty

The simple answer is – as someone said – you betcha! Chaotic financial conditions – if such occur – can damage the economy, e.g., 2008, and ultimately cut into state tax revenue. Drops in the value of financial assets hurts the pension fund (and the individual 403b and 457b accounts of UC employees) and other funds UC maintains. Significant funding flows from the federal government to UC in the form of research contracts, Medicare payments, etc. Will that be interrupted? Who knows? This is one social science experiment we would do well not to undertake. Bottom Line: There is no…