American Colleges Are Over $205 Billion in Debt, Harvard is $6 Billion in Debt

December 23, 2012

(Daniel Greenfield) The Student Loan Bubble is bad, but interestingly enough, as this New York Times article points out, the loan problem extends all the way up the ladder to the institutions of higher education who never seem to have enough money.

Remember that our financial experts come out of a system that is this deep underwater and they have a heavy investment is bailing it out.

Overall debt levels more than doubled from 2000 to 2011 at the more than 500 institutions rated by Moody’s, according to inflation-adjusted data compiled for The New York Times by the credit rating agency. In the same time, the amount of cash, pledged gifts and investments that colleges maintain declined more than 40 percent relative to the amount they owe.
While Harvard is the wealthiest university in the country, it also has $6 billion in debt, the most of any private college, the data compiled by Moody’s shows.
At the Juilliard School, which completed a major renovation a few years ago, debt climbed to $195 million last year, from $6 million in inflation-adjusted dollars in 2002. At Miami University, a public institution in Ohio that is overhauling its dormitories and student union, debt rose to $326 million in 2011, from $66 million in 2002, and at New York University, which has embarked on an ambitious expansion, debt was $2.8 billion in 2011, up from $1.2 billion in 2002, according to the Moody’s data.
The pile of debt — $205 billion outstanding in 2011 at the colleges rated by Moody’s — comes at a time of increasing uncertainty in academia. After years of robust growth, enrollment is flat or declining at many institutions, particularly in the Northeast and Midwest. With outstanding student debt exceeding $1 trillion, students and their parents are questioning the cost and value of college. And online courses threaten to upend the traditional collegiate experience and payment model.

Student debt turns out to be only 5 times as high as the accumulated college debt, and that’s only at the colleges rated at Moody’s. What would happen if we added up the entire pile of debt for all institutions of higher education in the country? Somehow I think we would arrive at some very scary numbers.
The system is broken and spending its way deeper into debt. Tuition costs have risen dramatically and hardly made a dent in the tremendous piles of debt accumulated over the last decade.
It would seem as if Academia’s brokenness amplifies the brokenness of its graduates. It acts as a predictor for the entire broken system. Academia is a deadbeat metaphor turning out deadbeat students in a deadbeat nation.

Harvard borrowed $1.5 billion to pay its bills rather than selling off assets at a sharp discount. Its interest expense more than doubled from fiscal 2008 to fiscal 2011, to nearly $300 million.

“The financial crisis has acted like a tidal wave that, as it receded, exposed certain vulnerabilities with a new clarity,” Harvard officials said in the November annual report.

That’s a fancy way of saying, “We’re morons.”


Slanderous essay wins Carnegie Mellon University award in Pittsburgh

January 17, 2012

Ben Zoma says:
Who is wise?
The one who learns from every person…
Who is brave?
The one who subdues his negative inclination…
Who is rich?
The one who is appreciates what he has…
Who is honored?
The one who gives honor to others…
(Talmud – Avot 4:1)
( lived for some years in Pittsburgh, Pennsylvania. It is not a bad place at all, although the winters are very cold and once the sun didn’t come out for 43 days (I counted). It has several top -notch universities, including the University of Pittsburgh where I was a graduate student, and Carnegie-Mellon University (CMU).
Every year CMU runs a contest for student writing about racial issues, on the occasion of Dr. Martin Luther King Jr.’s birthday. This year’s high school winners were a African-American girl, Erika Drain, and a Jewish boy, Jesse Lieberfeld. They are both juniors at the Winchester Thurston School, a private school whose main campus is located in the city’s Shadyside neighborhood. Tuition for the 11th grade is $23,600 at Winchester Thurston, so one assumes that they have only the best teachers and facilities available to them.
Their essays were published in the Pittsburgh Post-Gazette, here. Erika Drain’s, about being called “not black enough” because of her academic achievement, was perceptive and nuanced. Jesse Lieberfeld’s was notable for several reasons:

  • His clearly expressed disdain for Jews and Judaism
  • His completely one-sided understanding of the Israeli-Palestinian conflict
  • The fact that his parents, teachers, rabbi, etc. didn’t succeed (or try) to introduce at least a bit of reality into his thinking
  • The fact that CMU chose this offensive piece as one of the top two high school essays

He begins with an arguably antisemitic statement:

I once belonged to a wonderful religion. I belonged to a religion that allows those of us who believe in it to feel that we are the greatest people in the world — and feel sorry for ourselves at the same time. Once, I thought that I truly belonged in this world of security, self-pity, self-proclaimed intelligence and perfect moral aesthetic. I thought myself to be somewhat privileged early on. It was soon revealed to me, however, that my fellow believers and I were not part of anything so flattering.

One would think that someone along the way would have explained to him that normative Judaism — liberal or Orthodox — does not teach that Jews are superior to others, only that they bear a greater moral burden, that of following the commandments. It’s unfortunate if he or his family are intellectual snobs or enjoy self-pity, but the Jewish people are not responsible for his psychological issues.

…as I came to learn more about our so-called “conflict” with the Palestinians, I grew more concerned. I routinely heard about unexplained mass killings, attacks on medical bases and other alarmingly violent actions for which I could see no possible reason. “Genocide” almost seemed the more appropriate term, yet no one I knew would have ever dreamed of portraying the war in that manner; they always described the situation in shockingly neutral terms. Whenever I brought up the subject, I was always given the answer that there were faults on both sides, that no one was really to blame, or simply that it was a “difficult situation.”

Nobody told him, apparently, that Operation Cast Lead came after some 8,000 rockets were fired at random by Hamas into Israeli towns. Nobody explained to him about the Second Intifada, the suicide bombings and drive-by shootings. Nobody told him about the surprise attack in 1973, the plans to wipe out the Jewish residents of Israel in 1967, the ethnic cleansing of Jews in Judea, Samaria and Jerusalem in 1948. Nobody mentioned the 800,000 Jews kicked out of Arab countries after the War of Independence. Nobody explained how the Arab world had been trying to extirpate the Jewish presence from the Middle East for at least the last 100 years.
No, they just told him that “there were faults on both sides.”
And the connection to Dr. King?

In that moment, I realized how similar the two struggles were — like the white radicals [sic] of that era, we controlled the lives of another people whom we abused daily, and no one could speak out against us. It was too politically incorrect to do so. We had suffered too much, endured too many hardships, and overcome too many losses to be criticized. I realized then that I was in no way part of a “conflict” — the term “Israeli/Palestinian Conflict” was no more accurate than calling the Civil Rights Movement the “Caucasian/African-American Conflict.”
In both cases, the expression was a blatant euphemism: it gave the impression that this was a dispute among equals and that both held an equal share of the blame. However, in both, there was clearly an oppressor and an oppressed, and I felt horrified at the realization that I was by nature on the side of the oppressors. I was grouped with the racial supremacists. I was part of a group that killed while praising its own intelligence and reason. I was part of a delusion.

No one could speak out? Apparently Mr. Lieberfeld was not only allowed to speak out, but was given an award for it.
Concerning his absurd analogy, I would ask him if black people fired missiles into American cities? If they made a habit of blowing up buses on our streets? If African-Americans regularly proclaimed their desire to rid the country of whites and were supported in this by 23 neighboring nations, one of which was developing nuclear weapons? If black heroes, instead of Dr. King, were people like Palestinian hero Dalal Mughrabi, who led a bloody terrorist attack that killed 35 Israelis, including 13 children? Talk about delusions!
Was his expensive education so poor that he is unaware of the differences between the struggle of African-Americans to overcome official and unofficial racism in their country, and the viciously racist 100-year effort to kick the Jewish people out of their ancestral homeland?
Did it occur to him that his sources of ‘information’ might possibly be biased? Apparently not.
Finally, Mr. Lieberfeld gives Judaism one last chance — and it fails the test:

I decided to make one last appeal to my religion. If it could not answer my misgivings, no one could.
The next time I attended a service, there was an open question-and-answer session about any point of our religion. I wanted to place my dilemma in as clear and simple terms as I knew how. I thought out my exact question over the course of the 17-minute cello solo that was routinely played during service. Previously, I had always accepted this solo as just another part of the program, yet now it seemed to capture the whole essence of our religion: intelligent and well-crafted on paper, yet completely oblivious to the outside world (the soloist did not have the faintest idea of how masterfully he was putting us all to sleep).
When I was finally given the chance to ask a question, I asked: “I want to support Israel. But how can I when it lets its army commit so many killings?” I was met with a few angry glares from some of the older men, but the rabbi answered me.
“It is a terrible thing, isn’t it?” he said. “But there’s nothing we can do. It’s just a fact of life.”

I’d like to believe the rabbi did better than that, and that Lieberfeld was just not paying attention. But today, who knows?
I blame the family, the teachers, the rabbi, and CMU’s selection committee who validated this exercise in ignorant slander. But the responsibility for what he said lies with only one person, Mr. Lieberfeld himself. He’s old enough to accept it.
I suggest that he reread the words of Rabbi Shimon ben Zoma at the beginning of this piece, and then learn the truth about Israel — and some humility, while he’s at it. Dr. King certainly would have approved.

Update [2008 PDT]: Elder of Ziyon also discussed this essay in “An open letter to 17-year old Jesse Lieberfeld.”
Update [2011 PDT]: Jesse Lieberfeld is the son of Daniel Lieberfeld, an associate professor at Duquesne University, another well-known Pittsburgh institution. Daniel Lieberfeld has written extensively on the Israeli-Palestinian conflict (see a list of his publications here), and teaches an undergraduate course on it. From what I’ve been able to find so far, he seems to take a center-left perspective.

…my alumni email went down last week… I had such a nice talk with the Alumni house, but now I read this the next day? I try to stay positive, I hear there are opportunities for those with the diploma I have. I have not seen it. My brother is making films instead of going to college… he’s doing what they can merely talk about. Guess which one of us is living in our parent’s attic? I’ll give you a hint… the one of us who doesn’t have the diploma. Perhaps this is why. My Jewish family goes back to the very first class of Carnegie Tech. My great great grandfather by the name of Sivitz was there in the beginning of the 20th century. My great great great grandfather Sivitz (the father of the boy who was in the first class) was the orthodox rabbi in Pittsburgh… he didn’t like his son going to Carnegie Tech… I understand why. The younger Sivitz did a lot of chemistry and experiments in radioactive isotopes that led to research on Nuclear energy. His daughter my grandmother was there during WWII when the campus sororities would apparently solicit members on Yom Kippur to insure that no Jews were within it’s ranks. My grandmother’s brother, Bobby Sivitz used to travel to class in a steam pipe to avoid the Antisemitism. The 1960’s generation grew up and voted for Obama, but so little has changed.

Halloween Costume by Intolerant Fox

October 31, 2011

She majored in womyn’s studies and doesn’t know why she can’t find a job. Sadly I can relate with my BA that got me put in jail. Uh oh, forgot… can’t legally talk about that.

College tuition? It’s a ripoff! Postpone college until the bubble bursts!

October 19, 2011

Another Renegade Woman in the Schools: Before Atlanta There Was Newark, NJ

July 7, 2011
Before coming to Atlanta to be the superintendent of schools Beverly Hall was the superintendent of schools in Newark, New Jersey, where surprise, surprise, allegations of intimidation and coercion were also made against her.

Mr. Embrey, the former Principal of West Side High School now under house arrest, was brave enough to speak out for the children.

here is what one parent had to say at that meeting in New Jersey: Allegedly, Hall has since attempted to deny parents their 1st Amendment rights by sending investigators to the homes of parents who speak out at Advisory Board meetings.

A report from 1997 also contains allegations of mismanagement and misuse of funds, cronyism and the picture of a woman who ruled with an iron fist and would tolerate no insubordination in the ranks while painting only a rosy picture of the system she was in charge of. Something she continued when she relocated to Atlanta in 1999. So if you want to read yet another damming report on this All Star of Academia go ahead and click on the link. via jammie wearing fool

what a terror! and kind of familiar. people who send their children to get an education do not deserve to have their rights taken away!  …and yes this story is very familiar… and soon I will be able to say why… (hint: this blog is censored)

From a secret undisclosed location, probably one with no extradition agreement with the US, the disgraced former superintendent of the Atlanta Public Schools system, Dr. Beverly Hall, has posted a message letting us know that everything that happened wasn’t her fault and just the rogue acts of a few individuals. Umm, yeah like a 178 of ’em.

I am also disturbed by the repeated references to statements by teachers and other professionals declaring that they cheated or chose not to reveal cheating because of a perceived atmosphere of intimidation and retaliation. A number of years ago, we installed a hotline by which persons with knowledge of misconduct could report it and could do so anonymously if they wished. Anonymous emails and letters provided a further channel of communication. Even so, it now appears that our efforts and procedures were not enough.

Yale’s Capitulation

June 18, 2011

This is Vanity Fair not Truth. Yale is PROFIT$ from public relations not learning

…Public relations for third world dictators want feminism not G-d. They want to promote their tyranny to the ladies who they hurt:

…More stories about the Yale Initiative for the Interdisciplinary Study of Anti-Semitism that will close at the end of July…

Benjamin Weinthal
In early June, Yale University pulled the plug on the first U.S.-based academic center devoted to the study of modern anti-Semitism, including the growing phenomenon of Islamic animated hatred of Jews, Israel, and the West. The Yale Initiative for the Interdisciplinary Study of Antisemitism (YIISA) was established in 2006, as the brainchild of Dr. Charles Small, an expert on new expressions of Judeophobia. Yale’s recent reversal is part of its ongoing capitulation to political correctness, and its attendant refusal to criticize fundamentalist Islamism. Take the example of Yale University Press and the University’s president, Richard Levin, who censored the publication of twelve Danish cartoons lampooning radical Islam and Mohammed. In October 2009, Yale refused to publish the cartoons in Brandeis University professor Jytte Klausen’s book The Cartoons that Shook the World. In its desire to give no offense, Yale preemptively surrendered its intellectual honesty. Roughly a year later, Yale lecturer Hillary Mann Leverett, a former National Security Council official and frequent apologist for Iran’s regime, took students from her “U.S.-Iranian Diplomacy” course to meet with Iran’s despotic leader, Mahmoud Ahmadinejad. According to Leverett, the academic chat with Ahmadinejad revealed that “he was probably not the stereotype of a crazy irrational figure. … He has a strategy for Iran.”As Michael Rubin pointed out, “the Ahmadinejad meeting is not the scandal, although the obsequiousness of it is problematic.”
Yale’s posture toward Iran has been unduly sympathetic toward the regime’s anti-Semitism, anti-Americanism, and radical Islamic assaults on Western values.
The university charged that YIISA had not acted as “as a valued input to the research and teaching interests of some significant group of Yale faculty” and “no core of faculty research or student interest has developed around the center or has emerged to direct its interests.”
In the Washington Post, Walter Reich debunked the academic chimera Yale invoked for destroying the institute. Yale outlined its reasons for shuttering YIISA in a report which it refuses to release — thus making a mockery of any semblance of academic transparency and fairness.
However, the real reasons for Yale’s growing servility to political correctness most likely lie in YIISA’s admirable August 2010 conference addressing “Global Antisemitism: A Crisis of Modernity.”
Maen Rashid Areikat¸ the head of the Palestine Liberation Organization in Washington, promptly wrote a letter to Yale’s president Richard Levin, charging that the YISSA conference was a forum for “anti-Arab extremism and hate mongering.”
YIISA’s important work in exposing Iranian anti-Semitism, and the regime’s longstanding persecution of women and minority groups, appears to have prompted Iran’s rulers to declare Yale University a sanctioned organization on the regime’s list of targeted groups.
All of this helps to explain Yale’s decision to avoid necessary scholarly pursuits and close YIISA, even as the hatred of Jews remains as widespread as ever in the Muslim world.
— Benjamin Weinthal is a fellow at the Foundation for Defense of Democracies.

Noam Chomsky Attacks Israel’s ‘Expansion Over Security’ at UCLA Lecture on ‘Palestine in Crisis’

May 9, 2011

Chomsky changes his mind on WMDS in Iraq?

Actually, public opinion in Egypt is much more complicated than that, and while there’s obviously variation across individual polls and over time, there’s no support for Chomky’s claim of “80 percent” across the region supporting Iran’s acquisition of nuclear weapons. In fact, according to a Pew Global Attitudes survey in April 2010, “a majority of respondents in Turkey, Jordan, Kuwait, Lebanon as well as Israel said the spread of nuclear weapons was a major threat” (the number was 41 percent in Egypt).

Pushing ‘Islamophobia’ at UCLA?

UCLA Palestine Awareness Week.

…Muslim Student Association Pledge of Allegiance:
Jihad is my spirit, I will die to establish Islam

But these are only quick examples of the kind of propaganda one hears at a Noam Chomsky lecture. Indeed, what’s even more fascinating than hearing Chomsky’s America-bashing is observing the rock star status he’s afforded by the huge crowd of collegiate wannabe bohemians, diehard pro-terror communists, and the campus Islamist jihadis who thronged the event. I’ll post pictures later. Chomsky was swarmed by extremist acolytes upon entering the lecture hall. Upon speaking, it was as if his attacks on “American imperialism” and “corporate dominance” were like throwing bags of candy to children. I arrived at UCLA at 5:00pm, and the event was scheduled from 6:00 to 8:00pm.

Without citing a single piece of evidence—
At the conclusion of the event, Chomsky responded to questions and went off on his familiar rant about how those who proclaim themselves pro-Israel are actually working feverishly for its moral degeneration and ultimate destruction. Chomsky then returned of the comparison of Israel to apartheid South Africa, and while he admitted key differences, he argued that in one key similarity the time will come when Israel’s crisis of legitimation becomes overwhelming, and forces upon it a reckoning for the survival of the Jewish state.

I hope Chomsky starts listening before he dies

Read the Rest via

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