Stephen Colbert on Glenn Beck’s insanity
If you haven't seen what Glenn Beck is pining over on FOX, allow Stephen Colbert to take you on a tour:
| The Colbert Report | Mon - Thurs 11:30pm / 10:30c | |||
| The 10/31 Project | ||||
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If you haven't seen what Glenn Beck is pining over on FOX, allow Stephen Colbert to take you on a tour:
| The Colbert Report | Mon - Thurs 11:30pm / 10:30c | |||
| The 10/31 Project | ||||
|
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The dominant hereditarian view of intelligence holds that intelligence is mostly fixed by the genes. Richard Nisbett has dismantled the evidence on which the hereditarian theory is based. In his new book, Intelligence and How to Get It, Nesbitt argues that the twin studies on which the hereditarian view is based are deeply flawed. The main problem is that the adoptive homes in which those separated twins often find themselves are uniformly enriched learning environments. Nisbett's book was reviewed by Jim Holt of the NYT Book Review:
Nisbett bridles at the hereditarian claim that I.Q. is 75 to 85 percent heritable; the real figure, he thinks, is less than 50 percent. Estimates come from comparing the I.Q.’s of blood relatives — identical twins, fraternal twins, siblings — growing up in different adoptive families. But there is a snare here. As Nisbett observes, “adoptive families, like Tolstoy’s happy families, are all alike.” Not only are they more affluent than average, they also tend to give children lots of cognitive stimulation. Thus data from them yield erroneously high estimates of I.Q. heritability. (Think: if we all grew up in exactly the same environment, I.Q. differences would appear to be 100 percent genetic.) This underscores an important point: there is no fixed value for heritability. The notion makes sense only relative to a population. Heritability of I.Q. is higher for upper-class families than for lower-class families, because lower-class families provide a wider range of cognitive environments, from terrible to pretty good.
What does Nisbett's book have to say about race and intelligence? That the differences among the "races" are not genetic. Evidence in point: The "racial" IQ gap has been shrinking. "Over the last 30 years, the measured I.Q. difference between black and white 12-year-olds has dropped from 15 points to 9.5 points."The NYT reports that many people are dumping their boats--simply abandoning them:
Some of those disposing of their boats are in the same bind as overstretched homeowners: they face steep payments on an asset that is diminishing in value and decide not to continue. They either default on the debt or take bolder measures.
Marina and maritime officials around the country say they believe, however, that most of the abandoned vessels cluttering their waters are fully paid for. They are expensive-to-maintain toys that have lost their appeal.
This story reminds me of something my friend Gary once told me:Gary: What's the second-happiest day in a person's life? Me: I don't know. Gary: The day they buy a boat. What's the happiest day in a person's life? Me: I don't know. Gary: The day they selltheir boat.This abandonment of playthings reminds me of the 20-foot Python problem that could someday take over 1/3 of the U.S.
How much public money is at stake in the attempt to fix our financial woes? Bloomberg adds it up:
The U.S. government and the Federal Reserve have spent, lent or guaranteed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s. New pledges from the Fed, the Treasury Department and the Federal Deposit Insurance Corp. include $1 trillion for the Public-Private Investment Program, designed to help investors buy distressed loans and other assets from U.S. banks. The money works out to $42,105 for every man, woman and child in the U.S. and 14 times the $899.8 billion of currency in circulation. The nation’s gross domestic product was $14.2 trillion in 2008.
I wish a consensus would emerge among the economists, so that we could have some idea of whether we're even going in the right direction regarding Geithner's plans. Unfortunately, there is no consensus.