Skeptics of universities say: "But most of the people who graduate end up leaving."
1/OK, I should really write another thread about university-centric regional development, because I think people often make some (very understandable) mistakes when thinking about this issue.
Skeptics of universities say: "But most of the people who graduate end up leaving."
Educating local kids is good for the nation, but doesn't help a region much.
The way a university helps a region is through RESEARCH.
https://t.co/zud8wNQDTh
But university RESEARCH pulls in OTHER smart people from other regions, and they stay there.
Here's a paper showing that this is the main way universities increase a region's human capital: https://t.co/ofu256tsFi
Companies want to partner with university labs, so they can commercialize the technologies the labs produce. So they invest in the labs, and sometimes they even put their offices in the town.
https://t.co/NiVzQVgn5I
Answer: A little bit. But mainly because this means less tuition money that can be used to fund university research labs.
BUT, the most important thing is to fund research more!!
Critics of university-centric development like to point out that the probability of succeeding at this is very low.
But this doesn't really matter.
My hometown of College Station is no Silicon Valley. But College Station, and its surrounding region, are thriving thanks to a university.
https://t.co/2GduLv9SL5
Beyond the research-and-investment thing I discussed earlier, universities also draw in residents from small towns, creating pleasant small cities.
https://t.co/2xqpKdMZUs
https://t.co/hYSbEKxeV8
In fact, this is unlikely to be a useful approach. https://t.co/uxUcLHzmON
What we have to do is UPGRADE the RESEARCH CAPABILITIES of the second- and third-tier universities.
1. By spending more research dollars there
2. By encouraging companies to partner with the labs there
3. By letting these universities admit more high-paying foreign students
4. A new land grant program?
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Time for panel #3: Big Tech and regulation!
I will be live-tweeting again, and you can also watch video at either the Twitter or Facebook links below!
Kaissar: Every industry gets regulated when it gets big. The question is what kind of regulation Big Tech will get,and whether the companies will be proactive in shaping it.
Kaissar: More profitable companies have higher returns. Why? Maybe it's a risk factor, because more profit = higher risk of getting regulated.
Bershidskyis showing a diagram of GDPR complaince pop-ups. What a massive ill-conceived bureaucratic mess.
Ritholtz: It's 2018 and we're still talking about Facebook privacy settings?! If you're still giving your personal data to Facebook, you just don't care about privacy!
I will be live-tweeting again, and you can also watch video at either the Twitter or Facebook links below!
Bloomberg Ideas conference now starting! I will be live-tweeting it. You can watch on our Facebook or Twitter pages (links below)! https://t.co/Mbr9dZzWBy
— Noah Smith (@Noahpinion) October 25, 2018
Kaissar: Every industry gets regulated when it gets big. The question is what kind of regulation Big Tech will get,and whether the companies will be proactive in shaping it.
Kaissar: More profitable companies have higher returns. Why? Maybe it's a risk factor, because more profit = higher risk of getting regulated.
Bershidskyis showing a diagram of GDPR complaince pop-ups. What a massive ill-conceived bureaucratic mess.
Ritholtz: It's 2018 and we're still talking about Facebook privacy settings?! If you're still giving your personal data to Facebook, you just don't care about privacy!
1/I'm thinking about the end of Apu in the context of the national debates on immigration and diversity.
2/Apu's presence in Springfield represented a basic reality of America in the late 20th and early 21st century: the presence of nonwhite immigrants.
3/As Tomas Jimenez writes in "The Other Side of Assimilation", for my generation, immigrants from India, China, Mexico, and many other countries aren't strange or foreign. On the contrary, they're a
4/But that America I grew up with is fundamentally ephemeral. The kids of immigrants don't retain their parents' culture. They merge into the local culture (and, as Jimenez documents, the local culture changes to reflect their influence).
5/Simpsons character don't change. But real people, and real communities, do. So a character who once represented the diversity that immigrants brought to American towns now represents a stereotype of Indian-Americans as "permanent foreigners".
\u2018The Simpsons\u2019 producer confirms Apu is being written out of show following controversy https://t.co/lKzFCe1wFa pic.twitter.com/s34IUDUtqs
— NME (@NME) October 26, 2018
2/Apu's presence in Springfield represented a basic reality of America in the late 20th and early 21st century: the presence of nonwhite immigrants.
3/As Tomas Jimenez writes in "The Other Side of Assimilation", for my generation, immigrants from India, China, Mexico, and many other countries aren't strange or foreign. On the contrary, they're a
4/But that America I grew up with is fundamentally ephemeral. The kids of immigrants don't retain their parents' culture. They merge into the local culture (and, as Jimenez documents, the local culture changes to reflect their influence).
5/Simpsons character don't change. But real people, and real communities, do. So a character who once represented the diversity that immigrants brought to American towns now represents a stereotype of Indian-Americans as "permanent foreigners".
When Republicans started to believe in racial bloc voting - when they stopped believing that nonwhite people could ever be persuaded to vote Republican - they started to see immigration as an invasion.
This explains why immigration is now at the center of partisan conflict.
Of course, the belief in ethnic bloc voting becomes a self-fulfilling prophecy.
When a slight Dem tilt among Hispanics and Asians caused the GOP to turn against them, Hispanics and Asians shifted more toward the Dems. Etc. etc. A self-reinforcing cycle.
Bush's 2006 amnesty attempt, and the 2013 intra-GOP fight over immigration reform, were two moments when the GOP could have turned back to the approach of Reagan, and courted Hispanics and Asians.
But they decided against this, and...here we are.
What will disrupt this bad equilibrium, and save American politics from being an eternal race war?
Either:
A) More white voters will grow disgusted with the GOP approach and defect, or
B) The GOP will find some non-immigration-related issues to attract more Hispanics and Asians.
As long as both parties see elections in terms of racial bloc voting - where the only way to win is to increase turnout among your own racial blocs or suppress turnout by the other party's racial blocs - American politics will not improve, and the country will decline.
(end)
This explains why immigration is now at the center of partisan conflict.
Why did California turn Blue?
— Sen. Eric Brakey (@SenatorBrakey) October 28, 2018
Why is Texas turning Blue?
The left has failed at selling socialism to the American people for decades. We have rejected it.
Their new strategy is mass importation of new voters to transform our political culture.
Of course, the belief in ethnic bloc voting becomes a self-fulfilling prophecy.
When a slight Dem tilt among Hispanics and Asians caused the GOP to turn against them, Hispanics and Asians shifted more toward the Dems. Etc. etc. A self-reinforcing cycle.
Bush's 2006 amnesty attempt, and the 2013 intra-GOP fight over immigration reform, were two moments when the GOP could have turned back to the approach of Reagan, and courted Hispanics and Asians.
But they decided against this, and...here we are.
What will disrupt this bad equilibrium, and save American politics from being an eternal race war?
Either:
A) More white voters will grow disgusted with the GOP approach and defect, or
B) The GOP will find some non-immigration-related issues to attract more Hispanics and Asians.
As long as both parties see elections in terms of racial bloc voting - where the only way to win is to increase turnout among your own racial blocs or suppress turnout by the other party's racial blocs - American politics will not improve, and the country will decline.
(end)
1/OK, let's take a little break from Coup Twitter, and think about an economic issue:
How can we build up the wealth of the middle class?
2/The typical American has surprisingly little wealth compared to the typical resident of many other developed countries.
This is a fact that is not widely known or appreciated.
3/Now, some people argue that stuff like Social Security or social insurance programs should be included in wealth. But I chose to focus on private wealth because I think having assets you can sell whenever you want is important to
4/For many decades after World War 2, middle-class wealth in America was on a smooth upward trajectory.
Then the housing crash came, and all that changed. Suddenly the rich were still doing well but everyone else was seeing the end of their American Dream.
5/Why the divergence?
Because the American middle class has its wealth in houses -- specifically, in the houses they live in.
It's the rich who own stocks.
How can we build up the wealth of the middle class?
2/The typical American has surprisingly little wealth compared to the typical resident of many other developed countries.
This is a fact that is not widely known or appreciated.
3/Now, some people argue that stuff like Social Security or social insurance programs should be included in wealth. But I chose to focus on private wealth because I think having assets you can sell whenever you want is important to
Yes, these numbers don't include things like Social Security, just privately held wealth. They're not an attempt to capitalize every possible future income stream.
— Noahtogolpe \U0001f407 (@Noahpinion) January 10, 2021
4/For many decades after World War 2, middle-class wealth in America was on a smooth upward trajectory.
Then the housing crash came, and all that changed. Suddenly the rich were still doing well but everyone else was seeing the end of their American Dream.
5/Why the divergence?
Because the American middle class has its wealth in houses -- specifically, in the houses they live in.
It's the rich who own stocks.
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The UN just voted to condemn Israel 9 times, and the rest of the world 0.
View the resolutions and voting results here:
The resolution titled "The occupied Syrian Golan," which condemns Israel for "repressive measures" against Syrian citizens in the Golan Heights, was adopted by a vote of 151 - 2 - 14.
Israel and the U.S. voted 'No' https://t.co/HoO7oz0dwr
The resolution titled "Israeli practices affecting the human rights of the Palestinian people..." was adopted by a vote of 153 - 6 - 9.
Australia, Canada, Israel, Marshall Islands, Micronesia, and the U.S. voted 'No' https://t.co/1Ntpi7Vqab
The resolution titled "Israeli settlements in the Occupied Palestinian Territory, including East Jerusalem, and the occupied Syrian Golan" was adopted by a vote of 153 – 5 – 10.
Canada, Israel, Marshall Islands, Micronesia, and the U.S. voted 'No'
https://t.co/REumYgyRuF
The resolution titled "Applicability of the Geneva Convention... to the
Occupied Palestinian Territory..." was adopted by a vote of 154 - 5 - 8.
Canada, Israel, Marshall Islands, Micronesia, and the U.S. voted 'No'
https://t.co/xDAeS9K1kW
View the resolutions and voting results here:
The resolution titled "The occupied Syrian Golan," which condemns Israel for "repressive measures" against Syrian citizens in the Golan Heights, was adopted by a vote of 151 - 2 - 14.
Israel and the U.S. voted 'No' https://t.co/HoO7oz0dwr
The resolution titled "Israeli practices affecting the human rights of the Palestinian people..." was adopted by a vote of 153 - 6 - 9.
Australia, Canada, Israel, Marshall Islands, Micronesia, and the U.S. voted 'No' https://t.co/1Ntpi7Vqab
The resolution titled "Israeli settlements in the Occupied Palestinian Territory, including East Jerusalem, and the occupied Syrian Golan" was adopted by a vote of 153 – 5 – 10.
Canada, Israel, Marshall Islands, Micronesia, and the U.S. voted 'No'
https://t.co/REumYgyRuF
The resolution titled "Applicability of the Geneva Convention... to the
Occupied Palestinian Territory..." was adopted by a vote of 154 - 5 - 8.
Canada, Israel, Marshall Islands, Micronesia, and the U.S. voted 'No'
https://t.co/xDAeS9K1kW