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  • An excellent method for wholesale job creation (please note the slight sarcasm)

    Posted by onparkstreet on 9th August 2011 (All posts by )

    Instapundit linked to this Walter Russell Mead blog post, leading me to stumble across the following item (from the Chicago Journal):

    The project has had a tumultuous ride to get to this point, Fioretti said. Lease negotiations between Costco and the Illinois Medical District (a state-controlled body that owns the Costco site) were rocky, but a deal was reached earlier this year.
     
    “When negotiations began in earnest, the medical district wanted to make 982 changes to the lease — and I called the governor to intervene on it,” Fioretti said. “The governor’s office was very eager to assist. They understood what it meant to have almost 250 permanent jobs.”

    Yes, you read that correctly. Go ahead: rub your eyes, read it again, do a Looney Tunes or Bugs Bunny-like double take, and then read it a third time. THIS is why some of us were so deeply skeptical about transporting greater Chicagoland and Illinoisian, er, “political concepts” to DC, however well-meaning….

    Posted in Big Government, Chicagoania, Civil Society, Economics & Finance, Entrepreneurship, Human Behavior, Miscellaneous, Political Philosophy, Politics, Society, Tea Party | Comments Off on An excellent method for wholesale job creation (please note the slight sarcasm)

    Food for thought

    Posted by onparkstreet on 24th October 2010 (All posts by )

    Though medical education is not inexpensive, academic leaders often ignore the fact that the funds to support it properly are already available, if they choose to use the funds for this purpose. Student tuition, appropriations from state legislature to public schools, and certain portions of endowment income have always been intended for the education of medical students. Traditionally, deans have appropriated these funds for purposes not directly related to education – an animal care facility here, the establishment of a new research program there. Academic leaders bemoan the lack of funds to support faculty teaching time, even as they spend tens of millions of dollars to build new “teaching and learning centers” or expand the administrative bureaucracy.

    N. ENGL J MED 351;12 WWW.NEJM.ORG SEPTEMBER 16, 2004 (link to pdf)

    I thought of the above when reading the following at Instapundit:

    The real problem is that higher education isn’t providing enough of a benefit to its graduates, not that universities aren’t extracting enough money from the students. But read the whole thing. Including this: “And, of course, while professors are expensive, they’re not the main expense. Administrators outnumber faculty at most universities these days. But I suspect that won’t get the scrutiny it deserves.” Speaking of cost centers. Much more on administrative bloat, here.

    None of this is exactly new knowledge. The response, however, has been as slow as, well, bureaucratic molasses.

    Update: Thanks for the link, Professor Reynolds!

    Posted in Academia, Civil Society, Education, Public Finance, Society | 3 Comments »