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Madigan
Joined: 15 Oct 2010
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 Posted: Mon Feb 07, 2011 5:57 am Post subject: |
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| NohopeSeriously wrote: |
| Madigan wrote: |
| Oh Dear, we are all in for a real treat. The UofM's Cooley School of Law wants to teach Sharia Law. |
http://news.bbc.co.uk/2/hi/uk_news/magazine/7631388.stm
Common Law is based on Sharia. We need to thank the medieval Norman invaders who introduced Arab laws in England.  |
At this point, I would consider the above idea nothing more than conjecture. To be sure, there is plenty of space within the university to debate the roots of common law. Although, I feel, such debates are best left to the colleges of Liberal Arts.
I fail to see how Sharia is of any help to the next generation of attorneys. Common law, presently understood, is a secular institution. There is no place for this nonsense in any law school. |
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Kuros
Joined: 27 Apr 2004
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| Posted: Mon Feb 07, 2011 6:17 am Post subject: |
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| NohopeSeriously wrote: |
| Madigan wrote: |
| Oh Dear, we are all in for a real treat. The UofM's Cooley School of Law wants to teach Sharia Law. |
http://news.bbc.co.uk/2/hi/uk_news/magazine/7631388.stm
Common Law is based on Sharia. We need to thank the medieval Norman invaders who introduced Arab laws in England. |
The common law was influenced by some Islamic systems. But the common law came about in England. |
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Madigan
Joined: 15 Oct 2010
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Thu Feb 24, 2011 8:03 pm Post subject: |
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I don't want to start a new thread.
http://www.theglobeandmail.com/news/national/canadian-surgeons-face-flat-lining-job-market/article1920006
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Not so long ago, remote locations were trying to lure Canadian doctors with signing benefits and $60,000 annual bonuses. Now it�s the doctors who are trying to claw their way into those same communities.
With senior surgeons working into retirement and hospitals loath to hire new ones, the next generation is staring at a job pool that has quickly dried up.
One of the areas most acutely affected is orthopedic surgery. Having spent about a decade learning and training for a job, an estimated 30 specialists can�t find one � and as many as 50 might face the same situation after they graduate in July. While 800 surgeons are already employed across the country, there are three full-time positions and four locums, or temporary jobs, advertised on the Canadian Orthopaedic Association job board.
�I applied everywhere,� said orthopedic surgeon Alex Rabinovich, 32, who trained in Hamilton and Dallas and has been on the job hunt for two years. �They [hospital administrators] tell me: �We would love to have a foot and ankle surgeon � our wait times are ridiculous. However, we don�t have the resources.��
The glut of surgeons comes at a time when Canada is struggling with long wait times and patients are queuing for years because there are simply too few of them.
Mr. Rabinovich�s competitors aren�t the only ones stung by a tightening market. Head and neck surgeons, community medicine physicians, nephrologists, cardiac surgeons, neurosurgeons and plastic surgeons are also reporting difficulty landing permanent employment, prompting the Royal College of Physicians and Surgeons of Canada to launch a study on the topic.
�This is really high on our list of priorities,� said Danielle Frechette, the college�s director of health policy.
For surgeons such as Dr. Rabinovich, it means cobbling together a job by filling in for others in what is jokingly referred to as the burgeoning new specialty: the on-call-ogist.
Most do locums, which works the way a substitute teaching position does in schools. Typically, the roles come up when surgeons want to go on leave or holiday or have simply tired of waking up in the middle of the night to attend a call. Dr. Rabinovich also fills in as a surgical assistant in Hamilton, a job usually reserved for those with far less training.
�I feel like an express service,� said Dr. Rabinovich, who lives in Hamilton. �I should get a 1-800 number.� |
Surgeons? |
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UknowsI
Joined: 16 Apr 2009
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| Posted: Thu Feb 24, 2011 10:13 pm Post subject: |
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| . �They [hospital administrators] tell me: �We would love to have a foot and ankle surgeon � our wait times are ridiculous. However, we don�t have the resources.�� |
Long wait times at the same time as there is a oversupply of doctors means that something is wrong somewhere. Even though I'm a strong supporter of public health care, I think this is to be blamed on exactly public health care. Running by a fixed budget instead of getting paid for the services provided can easily lead to this situation where there is both a supply and demand, but there is a gap in between so the suppliers can't provide their services to the customers. While I don't know all the details, I don't think this can situation can be compared to the one for lawyers.
I know in my own home country many hospitals can't afford more doctors, therefore the current doctors have to work 40 hours a week overtime at double salary, efficiently costing the same as 3 doctors with regular duty. It makes no sense, but that's still how it often is. |
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Wed Mar 02, 2011 5:43 am Post subject: |
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http://www.theglobeandmail.com/news/national/quebec/quebec-to-fine-mcgill-for-hiking-mba-tuition-fees-nearly-900-per-cent/article1926030
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One of the country's most prestigious universities faces punishment for boosting tuition fees for its MBA program by nearly 900 per cent in an effort to keep it competitive.
McGill University began charging $29,500 annually for its two-year MBA program in September, claiming it was chafing under a provincial tuition freeze capped at roughly $3,400 per year.
Quebec's Education Department has been battling the move, saying it undermines the key principle underlying the province's university system: broad access.
The government finally announced Tuesday that the Montreal-based school would also be fined for its actions.
�It's an exceptional measure,� Education Minister Line Beauchamp said in Quebec City. �We will have figures on the penalty [amount] soon.�
Ms. Beauchamp added that it was unacceptable for a Quebec university to charge such high rates for a regular degree program, arguing that it hurt the integrity of the university system.
Quebec's tuition fees are the lowest in the country and attempts to raise them have met with stiff resistance from student groups in the past.
Universities, however, claim the freeze has left them scrambling behind competitors in the rest of Canada and the U.S. |
McGill is already one of the best schools in Canada. In what way are they "scrambling behind" others? Good on Quebec. |
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Madigan
Joined: 15 Oct 2010
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| Posted: Thu Mar 03, 2011 6:45 am Post subject: |
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It isn't just attorneys who are in for a world of hurt, pharmacists will be feeling some pain as well:
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Robin Carney graduates next year with a doctorate in pharmacy from Chicago State University and about $150,000 in student loans. But will she have a job as a pharmacist?
For years, new graduates of Illinois' pharmacy colleges had no reason to doubt their career choice. As recently as 2009, Walgreen Co. was adding more than 500 drugstores a year, helping lift starting salaries to upward of $100,000 a year, plus signing bonuses.
Now, the job market has been turned on its head. Hiring is plunging as Deerfield-based Walgreen and archrival CVS Caremark Corp. curb their retail expansions, insurers push patients to automated online pharmacies and older pharmacists put off retirement or re-enter the workforce after the financial and real estate meltdowns crushed their nest eggs.
Meantime, the number of new pharmacists is surging to record levels. Illinois has seven accredited pharmacy programs, up from two a decade ago and more than Indiana, Iowa, Minnesota and Wisconsin combined. In 2008, 375 pharmacists received degrees in Illinois. In 2015, when the first classes graduate from the latest schools to win accreditation, their ranks could reach 725 annually.
�In Chicago, there's a limited number of jobs,� says Ms. Carney, a 27-year-old from the Noble Square neighborhood, who enrolled in Chicago State's inaugural class in 2009. �I have to wonder if it's right to allow this many pharmacy schools to open. I have to wonder how we will all get jobs.� |
More than $100,000 in student loans and grim prospects for pharmacists nowadays. Grad school is no longer what it is cracked up to be.
Article & Related Video. |
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mises
Joined: 05 Nov 2007
Location: retired
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recessiontime
Joined: 21 Jun 2010
Location: Got avatar privileges nyahahaha
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| Posted: Tue Mar 08, 2011 9:53 am Post subject: |
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| mises wrote: |
I don't want to start a new thread.
http://www.theglobeandmail.com/news/national/canadian-surgeons-face-flat-lining-job-market/article1920006
| Quote: |
Not so long ago, remote locations were trying to lure Canadian doctors with signing benefits and $60,000 annual bonuses. Now it�s the doctors who are trying to claw their way into those same communities.
With senior surgeons working into retirement and hospitals loath to hire new ones, the next generation is staring at a job pool that has quickly dried up.
One of the areas most acutely affected is orthopedic surgery. Having spent about a decade learning and training for a job, an estimated 30 specialists can�t find one � and as many as 50 might face the same situation after they graduate in July. While 800 surgeons are already employed across the country, there are three full-time positions and four locums, or temporary jobs, advertised on the Canadian Orthopaedic Association job board.
�I applied everywhere,� said orthopedic surgeon Alex Rabinovich, 32, who trained in Hamilton and Dallas and has been on the job hunt for two years. �They [hospital administrators] tell me: �We would love to have a foot and ankle surgeon � our wait times are ridiculous. However, we don�t have the resources.��
The glut of surgeons comes at a time when Canada is struggling with long wait times and patients are queuing for years because there are simply too few of them.
Mr. Rabinovich�s competitors aren�t the only ones stung by a tightening market. Head and neck surgeons, community medicine physicians, nephrologists, cardiac surgeons, neurosurgeons and plastic surgeons are also reporting difficulty landing permanent employment, prompting the Royal College of Physicians and Surgeons of Canada to launch a study on the topic.
�This is really high on our list of priorities,� said Danielle Frechette, the college�s director of health policy.
For surgeons such as Dr. Rabinovich, it means cobbling together a job by filling in for others in what is jokingly referred to as the burgeoning new specialty: the on-call-ogist.
Most do locums, which works the way a substitute teaching position does in schools. Typically, the roles come up when surgeons want to go on leave or holiday or have simply tired of waking up in the middle of the night to attend a call. Dr. Rabinovich also fills in as a surgical assistant in Hamilton, a job usually reserved for those with far less training.
�I feel like an express service,� said Dr. Rabinovich, who lives in Hamilton. �I should get a 1-800 number.� |
Surgeons? |
My dr. friend was telling me the same thing. Apparantly specialists can't get a job in Canada. |
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Tue Mar 08, 2011 12:07 pm Post subject: |
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| ^ I really doubt medical specialists are dealing with a demand problem. It is more likely the bureaucracy. |
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recessiontime
Joined: 21 Jun 2010
Location: Got avatar privileges nyahahaha
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| Posted: Tue Mar 08, 2011 10:12 pm Post subject: |
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| mises wrote: |
| ^ I really doubt medical specialists are dealing with a demand problem. It is more likely the bureaucracy. |
I found it hard to believe as well but his exact words were that he couldn't find a job and his job recruiter flat out told him that there were no jobs for specialists not even in the most isolated places like Newfoundland where his application was rejected. |
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Fox
Joined: 04 Mar 2009
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| Posted: Wed Mar 09, 2011 10:25 pm Post subject: |
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Buying Legitimacy: How a Group of California Executives Built an Online College Empire.
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CLINTON, Iowa -- Inside the red brick campus of Ashford University, perched on a bluff above the Mississippi River, the door marked "President's Office" remains perpetually shut. Telephone calls to the university's head are swiftly transferred to a corporate office some 2,000 miles away, in San Diego.
A new, 500-seat football stadium adorns the campus, and is featured prominently in Ashford's promotional literature, though the university has no football team. Signs around campus proudly read "Founded 1918" and "90 Years Strong," despite the fact that Ashford -- one of the nation's fastest-growing for-profit colleges -- has existed for less than a decade.
The perplexing campus landscape here in Iowa amounts to an elaborate stage set for a lucrative, online education empire that uses these trappings to sell itself to students as a traditional college experience. That strategy was the brainchild of the corporation behind Ashford: Bridgepoint Education Inc., a publicly traded venture started by a group of former executives from the University of Phoenix, a name now synonymous with for-profit higher education and the controversial marketing practices that have brought the industry crosswise with federal regulators.
Six years ago, Bridgepoint purchased what was then called Franciscan University of the Prairies, a near-bankrupt, 300-student college that for decades had been run by a local order of Franciscan nuns. The school delivered a crucial commodity: legal accreditation. That enabled Ashford's students to tap federal financial aid dollars, the source of nearly 85 percent of the university's revenues -- more than $600 million in the last academic year. Ashford now counts nearly 76,000 students, 99 percent of whom take classes online.
Two years ago, Bridgepoint engineered an initial public stock offering that brought in $142 million.
The story of how a California corporation managed to use a small campus in Iowa as the springboard for a national, online education venture underscores a key element that has enabled explosive growth in the for-profit college industry: Schools with dubious educational records have secured the imprimatur of legitimacy simply by owning an accredited institution.
Many accreditors do major reviews of colleges just once every 10 years. The next comprehensive evaluation for Ashford is not scheduled until 2014.
"It's an area where the old rules don't fit," said David Longanecker, a former assistant secretary of education in the Clinton administration who now serves as president of the Western Interstate Commission for Higher Education, a consortium of colleges founded by Western states in the 1950s. "Accreditation hasn't quite caught up with the contemporary world."
Just as Wall Street managed to use simple things like home mortgages as raw material for complex and profitable investments, Bridgepoint has pulled off its own bit of alchemy here in Iowa: It has leveraged the purchase of of a failing but accredited campus into a badge of authenticity for its entire sprawling operation -- even as students have fared poorly, dropping out in large numbers and increasingly unable to pay back their federal debts.
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It goes on quite a while. |
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Thu Mar 10, 2011 8:38 am Post subject: |
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http://www.mybudget360.com/college-marauders-student-loan-debt-900-billion-up-from-200-billion-in-2000-massive-tuition-cost-loan-debt
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The average American makes $25,000 per year so remember that as you look at the annual cost of Sarah Lawrence College at $57,000. Part of the allure of college is having an education that will lead to a more fulfilling and successful life. The implication with any college is that your time spent will eventually yield real results in the economy. Many people are now realizing that not all college degrees are priced at the same level. For example, you can attend New York University and major in engineering or major in history. Your debt load is likely to be the same when you exit but your earning potential will not. College staff would like to say that you should pursue your dreams no matter the cost but when you are paying over $50,000 per year you have to ask what economic damage will be caused by doing so. This might be a lot to ask a 17 year old high school student. Unlike mortgage debt that you can walk away from, student loan debt sticks with you. There is no walking away from it unless you leave the country for a very long time.
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Many do not want to talk about student loan debt because it is incredibly embarrassing especially if the college degree has not yielded success in the employment market. Many think that they have failed as a college student by saddling their lives with massive amounts of debt. Take a look at this account:
�(Liz Weston) Dear Liz: I really screwed up. I decided I wanted to go to a private college and am now saddled with $145,000 in private student loans and $30,000 in federal student loans. I am working on my master�s degree and am about to have a child. I�m looking at payment options for when I graduate and am very scared for my family�s future. I can�t afford to pay $1,000 or more a month in student loans and I really want to buy a house so my family can have a home. What should I do?
Answer: You may have to give up your dream of homeownership. Maybe not forever, but probably for a long while.
The amount of debt you took on is staggering. In general, people shouldn�t borrow more for an education than they expect to make the first year out of school � and there aren�t many jobs that pay $175,000 at entry level.
Your options are few. You typically can�t erase student loans in bankruptcy, and there is no statute of limitations on the debt, meaning your lenders can pursue you until you�re dead.�
In other words, that debt isn�t going anywhere. What I find amazing is how in the world do we allow people to go this deep into debt with Federally backed loans? Just like the housing bubble, banks should exercise a fiduciary responsibility especially when they are lending out money that is backed by U.S. taxpayers. I�m all for personal responsibility but what about having the banks lend out their own money? You might notice above that most of the debt is from private loans. Well guess what? The government backs that up to.
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Close to half of undergraduate aid comes from Federal loans so it is no surprise why the cost of college just keeps going up and up. In fact, now investment banks want you to save for two decades to send your kid to college:
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Student loan debt is even more troublesome than mortgage debt because there is absolutely no walking away from it. Plus, you have for profit colleges that in many cases are equivalent to paper mills and prey on lower income Americans. Does that sound familiar (i.e., subprime)?
College costs continue to go up because the data is being branded in a way to deceive people. �Sure, a college graduate makes way more than someone with no degree.� But then they don�t bother to break down the actual incomes from various majors or school quality. They also don�t talk about how much of your income is going to go to debt payments once you graduate. Picking a good school and not going into massive debt is intelligent and a wise financial move. But given the $900 billion in student loan debt and revenues of for profit colleges something tells me we are in for another debt crisis. |
The future earnings of graduates have been sized by the FIRE economy. The vocational and education dreams of an entire generation turned into interest revenue. Sick. As more earnings are devoted to paying interest and principle, the earnings that can be spent on other things (houses, cars, dinner) or saved/invested is diminished. A grand a month from a generation to the banks sucks enormous amounts of activity from the economy.
The student loan fiasco reminded me of this:
http://www.latimes.com/features/books/la-et-rutten16apr16,0,4337030.story
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"My summation," Phillips writes, "is that American financial capitalism, at a pivotal period in the nation's history, cavalierly ventured a multiple gamble: first, financializing a hitherto more diversified U.S. economy; second, using massive quantities of debt and leverage to do so; third, following up a stock market bubble with an even larger housing and mortgage credit bubble; fourth, roughly quadrupling U.S. credit-market debt between 1987 and 2007, a scale of excess that historically unwinds; and fifth, consummating these events with a mixed fireworks of dishonesty, incompetence and quantitative negligence."
Phillips' strongest point as a political commentator always has been that he really understands the political and economic histories of the United States and Western Europe, which adds force to his musing on whether America now finds itself on the cusp of the sort of financially induced decline through which Bourbon Spain, the Dutch Republic and imperial Britain once passed. |
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The financialization is complete. Dreams and aspirations turned into interest. These debtors are legally unable to get out of their debt. They must pay or they must emigrate.
http://market-ticker.org/akcs-www?post=181743
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| Asked to take on $100,000 even $200,000 in debt for a college education that will leave them with a $1,000 a month or more after tax obligation, while foreign workers will and do come into the United States without that burden on H1Bs, thereby under-pricing them in the job market by $18,000 a year or more, these young adults are being exploited, screwed, blued and tattooed in a puerile and outrageous attempt to keep the debt-ponzi going by everyone involved from High Schools to Colleges to the Federal Government itself. |
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I have no idea how this changes. College tuition is backed by loans from the state. How can a credit bubble collapse when credit is legally prohibited from contraction?
Interesting times. I really feel sorry for these 100k graduates. |
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Madigan
Joined: 15 Oct 2010
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| Posted: Wed Mar 16, 2011 1:46 pm Post subject: |
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Applications to U.S. law schools are on pace to hit their lowest level in a decade, amid signs that many college students are growing leery of a degree that promises sure debt and uncertain job prospects.
The number of law-school applicants this year is down 11.5% from a year ago to 66,876 applicants, according to the Law School Admission Council Inc. The figure, which is a tally of applications for the fall 2011 class, is the lowest level since 2001 at this stage of the process. The Council estimates that the application process is 86% complete, based on historical patterns. |
http://online.wsj.com/article/SB10001424052748704396504576204692878631986.html?mod=WSJ_hp_MIDDLENexttoWhatsNewsThird
It's good that applications are down by more than 11%, but almost 67,000 prospective students just seems like too many. |
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bucheon bum
Joined: 16 Jan 2003
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| Posted: Tue Apr 12, 2011 5:00 am Post subject: |
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Not specific for for-profit colleges but certainly related:
Burden of College Loans Grows
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| Student loan debt outpaced credit card debt for the first time last year and is likely to top a trillion dollars this year as more students go to college and a growing share borrow money to do so. |
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| Two-thirds of bachelor�s degree recipients graduated with debt in 2008, compared with less than half in 1993. Last year, graduates who took out loans left college with an average of $24,000 in debt. Default rates are rising, especially among those who attended for-profit colleges. |
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