Sunday, May 29, 2011
Thursday, May 26, 2011
In 1992 Cornell University published two studies in the Journal of Dairy Science on the topic of stray voltage in dairy herds. Michael Behr, Ph.D., a Forensic Economist, was successful in forcing the university to release the raw data behind those two studies. Behr’s evaluation of those two studies yielded a singular solid conclusion – the research is a fraud. A multi-hundred document produced by Behr provides a thorough statistical analysis supporting the conclusion of fraud. Behr’s analysis has stood up to numerous legal proceedings.
Behr summarized a comparison of the Cornell actions in the stray voltage studies to those actions taken in the Cornell study of the CoPulsation™ Milking System with the following:
Behr: Cornell promoted its relationship with big-money public utility interests
Gehm: Cornell promoted its relationship with big-money dairy equipment and pharmaceutical interests
Behr: Research results contrary to field experience and other research
Gehm: Research results contrary to field experience and other research
Behr: Attempt to give conclusions validity by using a "long" time period (full lactation)
Gehm: Attempt to give conclusions validity by using a "long" time period (one year)
Behr: Samples biased toward non-significance by using lower producing cows in the 0 voltage group
Gehm: Samples biased toward non-significance by using Staph aureus cows in the CoPulsation™ systems group
Behr: Research results published in the Journal of Dairy Science
Gehm: Research results published in the Journal of Dairy Science
Behr: Obstructionist behavior from Cornell in acquisition of public information raw data
Gehm: Obstructionist behavior from Cornell in acquisition of public information raw data
Behr: Unresponsiveness from Cornell administration upon confrontation
Gehm: Unresponsiveness from Cornell administration upon confrontation
Behr: No response from Journal of Dairy Sciences (Les Hanson> after being informed of problems
Gehm: No response from Journal of Dairy Sciences (John Fugay> after being informed of problems
Behr: Probable invalid systems and procedures re input of electricity
Gehm: Invalid equipment and procedures in the conventional systems control sample
Disclosure: Cornell has annual multi-million dollar contracts with the State of NY to inspect dairy farms. Cornell makes a lot of money annually much of it would be lost if cows were able to be kept healthier. Thus unhealthy cows is in Cornell's financial interest.
Monday, May 23, 2011
The amount of debt is so high that people will be paying their own student loans off when it's time for their kids to go to college according to Mark Kantrowitz, the publisher of FinAid.org and Fastweb.com, who has compiled the estimates of student debt, including federal and private loans.
Debt Slavery - America is making indentured servants out of students
Things like buying a home, starting a family, starting a business, saving for their own kids’ education may not be options for people who are paying off a lot of student debt.
According to "Decline of the Empire" Student Loans - Gateway to Debt Slavery
1.To get a job, any job, your chances improve significantly with a college degree
2.The cost of a college degree has risen 439% in the last 28 years
3.Obtaining a degree is far beyond the means of most young people
4.To get a degree, and thus have any hope of getting a job, the large majority of young people must become debt slaves
The easy access to Federal loans is good for the Ivory Tower, but not so good for the American public.
Here is an absurd quote from the self-interested "brain trust".
"College [where tuition has risen 439% in 28 years] is still a really good deal." Cecilia Rouse, Princeton.
Comment: no!! College is NOT a really good deal. When college tuition was $2,500 not $25,000 a year. That was a good deal.
Comment: no wonder peer review has become the research tool of choice. If the brain trusts at the Universities had to ask the opinion of people living in the real world, no one would agree with their idiocy.
While a boatload of student debt is certainly a good deal for Princeton, or the University of Michigan, which get to use Federal loans to allow students to pay their tuition money up front and raise tuition prices to levels higher than their actual market value, through one outrageous tuition hike after another, it's a lousy deal for taxpayers and students.
The school bill along with the retirement debt this country has racked up - young people are going to be indentured to the government, not the other way around.
One common scenario, a student is told that they will make more than a million dollars more over the course of a lifetime with a college degree, so they borrow the average price of tuition or 24,000 a year. At the time the student finishes college he/she is $100,000 in debt.
Investment 101 Math
1. it takes on average 5 years to graduate college which is 5 years of lost income.
2. Students are coming out of 4 year degrees with $100,000 worth of debt
Assuming a loan payment rate of $10k/year on the student debt, the student is out 5 years of income for the time attending school and 10 years of paying back $10k in student loan debt. Assuming that instead of not-working and acquiring debt the student worked for 5 years and put 10k in an investment account where money generally doubles every 10 years. After 15 years, the non-student would have over $250,000 just from the money s/he did not have to go into debt to pay for college. In 25 the same non-student would have $500,000 and in 35 years, $1,000,000.
Not only does the college student lose out in lost earnings and interest for 5 years, but has to pay back money and interest after college so the time where money has the most time to grown in a person's early years, is lost.
Ask any retirement planner. A person that puts money away in their 20s and 30s will be much better off if they put in no money afterwards than a person that starts investing in their 40s.It is no misstatement that "The bachelor's degree? It's America's most overrated [and overpriced] product," says education consultant and career counselor Dr. Marty Nemko (http://tinyurl.com/b27ojp).
Nemko is also a disbeliever of University claims that college students make a million-dollar bonus over their lifetime. "There could be no more misleading statistic," . First, just look at the numbers above. Secon, the statistic misleads because many successful college kids would have been successful whether they went to college or not.
The statistic is a false product of self-serving college presidents and politicians eager to buy political favor by burdening young people with debt. Higher enrollments and government loan programs may be good for them , but they are making lots of our kids miserable, indentured and poor.
These days most of colleges money come from Federal grant programs that will either be for
- worthless research,
- research that is spun into businesses with intellectual property paid for with taxpayer money with no corresponding discount to the investors (taxpayers) that funded the business in the first place, or
- University sponsored (another name for taxpayer subsidized) programs i.e. cultural training that Universities are providing for social workers being paid for with social security funds.
- Federal college loans that 25% of students are defaulting on, but colleges are still getting paid 100% of the money
In fact student debt just surpassed the country's credit-card debt for the first time. It is projected to top $1 trillion in 2011.
While a college degree has value, the question is whether the value is worth the price of admission.
Currently colleges are charging tuition amounts and increasing tuition rates at a much faster rate than the economy is growing or salaries are justifying. There is also some discussion of the quality of the education being provided.
For instance, full-time instructional faculty dropped from 78% in 1970 to 52% in 2005. On average faculty spends 11 hours/week on instruction and the remainder of their time devoted to research.
The hiring binge on campus has been devoted to managerial professionals and government-sponsored programs aka subsidized businesses.
Colleges are also boasting the unimpressive statistics of having only 1/3 of its class graduate in 4 years, 2/3 of its class graduating within 6 years and the remaining 1/3 of its class not graduate at all.
Not many, if any, high schools (public or private) charging $25k/year would stay afloat boasting a graduation rate of 66%.
There are some suggestions on the horizon including dismanteling the current architecture of financial aid which (like the mortgage crisis) drives up the costs of education in a never-ending cycle and giving help only to the truly needy students who are performing well academically.
The American Enterprise Institute, is pusching for other ways for young people to be credentialed other than a BA.
Rick Perry of Texas is embarking on a controversial push to get Universities and specifically state universities to focus on education rather than federal grant funding maximization schemes to fund obscure research and government supported programs better served by private enterprise.
- Over $100 billion in federal education loans are originated every year.
- In 2009 $11.5 billion of loan principal was in default.
- $23.6 billion in defaulted loans in the FFEL program
- $23.8 billion in defaulted loans in Direct Loan program
TOTAL OVERALL DEFAULT $47.4 billion
- The estimated total private student loan debt outstanding as of June 30, 2009 was about $157.8 billion.
- Public sector workers are NOT required to pay back their loans after 10 years of service.
- Of college graduates age 25 and under, 22.4% are not working at all, 22% are working in jobs that require NO college degree.
- Over the last 20 years, universities and colleges have doubled their full-time support staff. At the same time enrollment only increased 40%. Full-time instructors increased about 50% and managers increased about 50%.
- Public universities and colleges have increased their tuition by as much as 30% for the 2010-2011 year.
- Story Link