Corporate corruption of college

Chris Hedges at Truthdig:

Corporate culture, which now dominates higher education, shares the predatory culture of the military. These cultures are about subsuming the self into the herd. They are about the acquiring of technical, vocational skills to serve the system. And with the increasing budget cuts, and more craven obsequiousness to corporate donors, it will only get worse. These forces of conformity are hostile to the humanities that teach students to question assumptions and structures, that prod them to seek a life of meaning and an ethical code that challenges the blind, utilitarian obedience to power and profit that corporations and the military instill. We will, I fear, continue to turn out the intellectually stunted and maimed, those who know school football records but no philosophy, drama, art, music, theology, literature or history. The goal of an education is not, in the end, to tell students what to think but to teach them how to think.

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American Higher Education as bait and switch?

Thomas Frank at Harper's has decided to spend an entire article kicking what has become of higher education in America. Here's an excerpt from the article, which is available only to subscribers online:

[T]he purpose of college isn’t education per se. According to a report issued last year by the National Survey of Student Engagement, American undergrads spend less time at their studies nowadays than ever. They are taught by grad students or grotesquely underpaid adjuncts. Many major in ersatz vocational subjects, and at the most reputable schools they get great grades no matter how they perform. But we aren’t concerned about any of that. Americans have figured out that universities exist in order to man the gates of social class, and we pay our princely tuition rates in order order to obtain just one thing: the degree, the golden ticket, the capital-C Credential. Doubters might scoff that a college diploma is by the year turning into an emptier signifier. Nonetheless, that hollow Credential is what draws many of the young to campus, where they will contend for one of the coveted spots in that gilded, gated suburb in the sky. Choosing the winners and losers is a task we have delegated to largely unregulated institutions housed in fake Gothic buildings, which have long since suppressed any qualms they once felt about tying a one-hundred thousand- dollar anvil around the neck of a trusting teenager. [More . . . ]

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Barack Obama emulates George W. Bush, again.

Glenn Greenwald has just published this infuriating story. It starts with a big lie: the U.S. and the government of Yemen have a good laugh that a U.S. drone attack on Yemeni soil, killing 14 women and 21 children was a successful attack against "insurgents" and "militants" that did not involve the U.S. When a reporter exposes the U.S. involvement, a fact that has been corroborated by a Wikileaks cable release, he ends up in prison on trumped up charges. When he's about to be pardoned, Barack Obama intervenes. The reporter, Abdulelah Haider Shaye, has spent the past two years in prison, where he has been beaten and held in solitary confinement. This is all part of a highly coordinated war on whistle-blowers by the Obama Administration, a fact duly ignored by most media outlets, who serve as stenographers for the American military-industrial complex and its Commander in Chief:

So it is beyond dispute that the moving force behind the ongoing imprisonment of this Yemeni journalist is President Obama. And the fact that Shaye is in prison, rather than able to report, is of particular significance (and value to the U.S.) in light of the still escalating American attacks in that country. Over the past 3 days alone, American air assaults have killed 64 people in Yemen, while American media outlets — without anyone on the scene — dutifully report that those killed are “suspected Al Qaeda insurgents” and “militants.”
Should anyone trust the United States' claims about whether any dead people were "terrorists"? Greenwald says no (and see here).
It’s incredibly instructive to compare what we know (thanks to Shaye) actually happened in this Yemen strike to how The New York Times twice “reported” on it. I quoted above from these two NYT articles, but it’s just amazing to read them: over and over, the NYT assures its readers that this strike was carried out by Yemen (with U.S. assistance), that it killed scores of critical Al Qaeda leaders and other “militants,” that the strike likely killed “the leader of Al Qaeda in the Arabian Peninsula, Nasser al-Wuhayshi, and his deputy, Said Ali al-Shihri, who were believed to be at the meeting with Mr. Awlaki,” etc. How anyone, in light of this record of extreme inaccuracy, can trust the undocumented assertions of the U.S. Government or the American media over who is and is not a Terrorist or “militant” and who is killed by American drone strikes is simply mystifying.
There is much more to be considered in Greenwald's piece, all of it ignored by Obama apologists everywhere. And no, I'm not a Republican. I voted for Barack Obama, yet I find many of his actions disgraceful.

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Financial Advisors under the microscope

I recently finished reading Dan Solin's The Smartest Portfolio You'll Ever Own (2011), half of which is a damning indictment of most financial advisers. Solin makes a convincing case that those brokers who claim that they can pick stocks or time the market are selling unadulterated snake oil. In fact, avoid all of the following: Buying individual stocks or bonds. Actively managed mutual funds Alternative investments Variable annuities Equity indexed annuities Private equity deals Principal-protected notes Currency trading, and Commodities trading. Instead, Solin recommends the slow and steady historically documented growth associated with passively managed broad market index funds including many of the low-fee passively managed funds offered by Vanguard. Solin has ample shocking facts and figures to back up his claims and indictments, and he continues the attack on false claims and hidden fees here.

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