Sunday, January 31, 2010

Global Employment Competition (Musical Tribute)

Type-A-Plus Students Chafe at Grade Deflation

Nancy Weiss Malkiel, dean of the undergraduate college at Princeton, said the policy was not meant to establish such grade quotas, but to set a goal: Over time and across all academic departments, no more than 35 percent of grades in undergraduate courses would be A-plus, A or A-minus.

As the number of graduating students approaches infinity, the work each student must do to get ahead also approaches infinity.

Meanwhile, here's a look at China.

Govt helps college graduates get employment

According to unwritten rules at many universities, students cannot graduate if they do not find a job, Southern Metropolis Daily reported in July last year.

'Indian and Chinese students out-competing US with hard work'

"We are simply being out-competed by children in India and China. They are not smarter than our children. They are just working harder," Education Secretary Arne Duncan told the MSNBC television in an interview yesterday.

They seem to be worked harder. I guess that's something. There are also just so darned many of them.

This is the new normal. This is our truth.

Clock is ticking while I'm killing time
Spinning all around
Nothing else that you can do
To turn it back

Wicked partnership
In this crime
Ripping off the best
Condescending smile

Trying to forget
We're falling right through
Lying to forget
We're raising our truth


Anonymous said...

Mark - did you see

"Fear the boom and bust rap"
Keynes vs Hayek

The video is worth a listen ...
- jus me

mab said...


From your Princeton link:

Goldman Sachs, one of the most sought-after employers, said it did not apply a rigid G.P.A. cutoff.

What a surprise, students from a prestigious university view Goldman as one of the most desirable places to work.

Wow, if that doesn't prove that a proper incentive structure can really motivate people I don't know what does.

When it comes to incentives, the Fed, the Treasury and firms like Goldman have really raised the bar. This years' Wall St. bonuses are a perfect example - they're the most perverse and least deserved yet! With our eCONomic system teetering at the edge of the abyss, we deperately needed all the perverse incentives we could get! The sheer perversness of this years bonuses really gives me hope that Bernanke can indeed reflate our ponzi debt eCONomy.

In all seriousness, I'm really glad the Government bailed out the country's most productive sham factory. I mean, if we ever lose our edge in sham debt production, living standards for NY's wealthy would crash. I don't know about you, but I just can't stand the thought of a sour real estate market in the Hamptons. It brightens my day every time I read about how our senseless money creation efforts are productively increasing the price of beach sand on Long Island, NY.

And what's up with the name of the Goldman spokesperson in your link: Gee, A. Moron? Do you think they are openly goofing with us for a few laughs?

Stagflationary Mark said...

jus me,

Amusing video!

Your so called stimulus will make things worse...

Stagflationary Mark said...


The sheer perversness of this years bonuses really gives me hope that Bernanke can indeed reflate our ponzi debt eCONomy.

I know! Isn't it wonderful!

...they're going to pay it back to you as best they can.

Expect lots of trickle down economics. Lots and lots of it.