Weekend Assorted Links

1. Radical Survival Strategies for Struggling Colleges.

“Moody’s projects that the pace of closings will soon reach 15 per year.”

Sobering. How will my employer, Pacific Lutheran University fare? If it was a stock, I would not buy it because of the larger context, but I am cautiously optimistic about our future because our brand new president is as smart an entrepreneur as I’ve known. He’s quickly learned about the never ending peculiarities of academic culture and faculty-based governance. But the Warriors may not have much success this year even with Steve Kerr as coach.

2. Payne Stewart’s daughter writes him a letter twenty years after his tragic death.

“People say time heals all wounds, but I don’t believe that. Sure, as the years have gone by, I’ve learned how to manage my sadness in losing you. But the pain never really goes away. I think about you every day, miss you every day.”

3. It turns out there are (really) bad questions.

4. How to Travel Like a Local. Thorough.

5. Why Don’t Rich People Just Stop Working?

“Are the wealthy addicted to money, competition, or just feeling important? Yes.”

6. Song of the week. So effortless.

Wednesday Assorted Links

1. Why Financial Literacy is So Elusive.

“It is bad enough that most people are not financially literate, but the painful reality is that investor education does not work — at least not much beyond six months. After that, it is like any other abstract subject taught in a classroom, mostly forgotten. . . .

Not that this has stopped states from mandating financial literacy for high schoolers. The Washington Post reported last week that financial-literacy classes are mandated by 19 states in order to graduate from high school, up from 13 states eight years ago. This is well-meaning, but without a radical break from how financial literacy is taught, it is destined to be ineffective.

Why? There are a number of reasons: The subject is abstract and can be complex; specific skills deteriorate fairly soon after graduation from high school; the rote memorization and teach-to-the-test approach used so much in American schools is ineffective for this sort of knowledge.”

2. Japanese office chair racing. Hell yes.

3. Remembering the runner who never gave up.

4. Six places in Europe offering shelter from the crowds.

5. What ever happened to Freddy Adu?

The heart of the matter:

“When he wasn’t scoring, he wasn’t doing much of anything. ‘He saw himself as the luxury player, the skill player,’ Wynalda said. ‘Give me the ball and I’ll make something happen.’ ‘OK, I screwed up, give it to me again.’ ‘OK, again. Just keep giving it to me.’ And eventually it’s like, ‘You know what? I’m going to give it to some other guy.'”

6A. The Surreal End of an American College.

6B. The Anti-College is on the Rise.

. . . a revolt against treating the student as a future wage-earner.

Liberal Arts Lamentations

I teach at a smallish, private liberal arts university that’s $5m in debt. Our president has “resigned”. A special faculty committee has been formed to determine which programs and tenure-track or tenured faculty should be eliminated. The guess is 20-60 faculty will be let go in one year’s time.

I’m skeptical of our newest religion, data analytics, because I reject data’s omniscience. I’m partial to stories. Numbers can tell stories, but the emotionally rich stories that resonant most deeply with me are told with words, photographs, video, film, dialogue, music, and acting.

My university’s ability to turn things around is complicated by the resistance of Religion, Language, Music, Philosophy, Art, and English faculty to change. My militant liberal artist friends are struggling mightily to accept their declining influence. Here are just a few recent signs of their struggle:

• At Faculty Assembly, a faculty member stands and says, “Many people don’t realize it, but some departments aren’t nearly as productive as they once were.” A religion professor turns to his colleague, makes air quotes, and quietly and derisively mocks the speaker by repeating, “productive”.

• A faculty leader from the Religion department writes a letter to the Board informing them that they should hire an interim-President for two years, not the planned for one, so that the campus can spend two years on the search for the next president. Humanities faculty dominate the growing list of signatories.

• Following an administrator’s decision to cut one liberal arts department’s budget, the chair says, “Are we going to become a trade school?”

We are not going to become a trade school, but we are not immune to the disruption that’s riddling wide swaths of the economy. At the price families are paying, it’s understandable that they want a “return on their investment”. And yet, business phrases like “return on investment”, and “productive”, and “market forces”, really anything related to the business model, set my militant liberal artists friends’ heads spinning.

The MLA’s (pun-intended) are trusting that our University’s mission will save their bacon. And I’m confident the most economically successful departments will continue to subsidize some especially mission-critical academic majors and programs. But not nearly as many as in the past and not nearly as many as the MLA’s are hoping.