January 2013 – Page 3 – artdiamondblog.com

UnCollege Seeks “to Open People’s Minds to a Different Set of Opportunities”

“Dale J. Stephens, who founded UnCollege.” Source of caption and photo: online version of the WSJ article quoted and cited below.

(p. 1) BENJAMIN GOERING does not look like Facebook’s Mark Zuckerberg, talk like him or inspire the same controversy. But he does apparently think like him.

Two years ago, Mr. Goering was a sophomore at the University of Kansas, studying computer science and philosophy and feeling frustrated in crowded lecture halls where the professors did not even know his name.
“I wanted to make Web experiences,” said Mr. Goering, now 22, and create “tools that make the lives of others better.”
So in the spring of 2010, Mr. Goering took the same leap as Mr. Zuckerberg: he dropped out of college and moved to San Francisco to make his mark. He got a job as a software engineer at a social-software company, Livefyre, run by a college dropout, where the chief technology officer at the time and a lead engineer were also dropouts. None were sheepish about their lack of a diploma. Rather, they were proud of their real-life lessons on the job.
“Education isn’t a four-year program,” Mr. Goering said. “It’s a mind-set.”
The idea that a college diploma is an all-but-mandatory ticket to a successful career is showing fissures. Feeling squeezed by a sagging job market and mounting student debt, a groundswell of university-age heretics are pledging allegiance to new groups like UnCollege, dedicated (p. 16) to “hacking” higher education. Inspired by billionaire role models, and empowered by online college courses, they consider themselves a D.I.Y. vanguard, committed to changing the perception of dropping out from a personal failure to a sensible option, at least for a certain breed of risk-embracing maverick.
Risky? Perhaps. But it worked for the founders of Twitter, Tumblr and a little company known as Apple.
When Mr. Goering was wrestling with his decision, he woke up every morning to a ringtone mash-up that blended electronic tones with snippets of Steve Jobs’s 2005 commencement address at Stanford University, in which he advised, “love what you do,” “don’t settle.” Mr. Goering took that as a sign.
“It’s inspiring that his dropping out basically had no effect, positive or negative, on the work and company and values he could create,” he said of the late Apple co-founder.
In that oft-quoted address, Mr. Jobs called his decision to drop out of Reed College “one of the best decisions I ever made.” Mr. Jobs’s “think different” approach to education (backpacking through India, dining with Hare Krishnas) is portrayed in countless hagiographies as evidence of his iconoclastic genius.
. . .
. . . Dale J. Stephens, [is] the founder of a group called UnCollege that champions “more meaningful” alternatives to college. . . .
. . .
UnCollege advocates a D.I.Y. approach to higher education and spreads the message through informational “hackademic camps.” “Hacking,” in the group’s parlance, can involve any manner of self-directed learning: travel, volunteer work, organizing collaborative learning groups with friends. Students who want to avoid $200,000 in student-loan debt might consider enrolling in a technology boot camp, where you can learn to write code in 8 to 10 weeks for about $10,000, Mr. Stephens said.
THEY can also nourish their minds from a growing menu of Internet classrooms, including the massive open online courses, or MOOCs, which stream classes from elite universities like Princeton. This guerrilla approach hits home with young people who came of age seeking out valuable content free on Napster and BitTorrent.
Mr. Stephens, a dropout from Hendrix College in Arkansas (he later earned a Thiel Fellowship), started UnCollege less than two years ago, and already its Web site attracts 20,000 unique visitors a month. “I get on scale of 10 to 15 e-mails a day from people who say something along lines of, ‘I thought I was the only one out there who thought about education like this, I don’t feel crazy anymore,’ ” he said.
. . .
The goal is not to foment for a mass exodus from the ivy halls, Mr. Stephens said, but to open people’s minds to a different set of opportunities.

For the full story, see:
ALEX WILLIAMS. “The Old College Try? No Way.” The New York Times (Sun., December 2, 2012): 1 & 16.
(Note: ellipses and bracketed “is” were added.)
(Note: the online version of the story has the date November 30, 2012, and has the title “Saying No to College.”)

When Professors “Are Fearful, Hesitant, and Foolish” and When They “Screech, Snarl, and Spit”

(p. 243) “It is hardly possible to take very seriously any of the professoriate all of the time or most of them most of the time. They commonly are fearful, hesitant, and foolish when confronted by complex real issues and aggressive enemies, but they tend to screech, snarl, and spit when they perceive their territory, reputation, and perquisites to be threatened. They can pose as being valiant and principled, but they are inclined to disperse and camouflage themselves upon hearing the first volleys of significant battle.”

Source:
Distinguished UCLA economist William R. Allen from an interview with Daniel B. Klein as quoted in:
Taylor, Timothy. “Recommendations for Further Reading.” Journal of Economic Perspectives 25, no. 1 (Winter 2011): 239-46.

For the full article/interview, see:
Allen, William R. “A Life among the Econ, Particularly at UCLA.” Econ Journal Watch 7, no. 3 (September 2010): 205-34.

“A Fairy Tale About a Lonely Candle that Wants to Be Lighted”

“A newly found manuscript of a fairy tale by Hans Christian Andersen, which has been located in Odense, is pictured in the State Archives in Copenhagen, Denmark, Wednesday, Dec. 12, 2012. The story of ‘The Tallow Candle’ might have been written about 1823, when he was 18 year old.” Source of caption and photo: http://www.ctvnews.ca/entertainment/new-found-tale-of-a-lonely-candle-could-be-early-work-of-hc-andersen-1.1077533#ixzz2GmTQNcFvhttp://www.ctvnews.ca/polopoly_fs/1.1077539!/

(p. C2) A fairy tale about a lonely candle that wants to be lighted had been languishing in a box in Denmark’s National Archives for many years. In October it was discovered by a retired historian, who now believes it is one of the first fairy tales ever written by Hans Christian Andersen.
. . .
The six-page manuscript, called “Tallow Candle,” is dedicated to a vicar’s widow named Bunkeflod who lived across the street from Andersen’s home. Ejnar Stig Askgaard, a Hans Christian Andersen expert, said the work was probably one of Andersen’s earliest.

For the full story, see:
CAROL VOGEL. “Discovery of Story Is Like a Fairy Tale.” The Wall Street Journal (Fri., December 14, 2012): C2.
(Note: ellipsis and underline added; bold in original.)
(Note: the online version of the story has the date December 13, 2012, and has the title “Like a Fairy Tale: Hans Christian Andersen Story Is Found in a Box.”)
(Note: the words underlined by me above, were in the online, but not the print, version of the article.)

“Think Profit”

(p. 339) At the January 1998 San Francisco Macworld, Jobs took the stage where Amelio had bombed a year earlier. He sported a full beard and a leather jacket as he touted the new product strategy. And for the first time he ended the presentation with a phrase that he would make his signature coda: “Oh, and one more thing . . .” This time the “one more thing” was “Think Profit.” When he said those words, the crowd erupted in applause. After two years of staggering losses, Apple had enjoyed a profitable quarter, making $45 million. For the full fiscal year of 1998, it would turn in a $309 million profit. Jobs was back, and so was Apple.

Source:
Isaacson, Walter. Steve Jobs. New York: Simon & Schuster, 2011.
(Note: ellipsis in original.)

Government Job Protection Regulations Reduce Youth Jobs

Source of graph: online version of the WSJ article quoted and cited below.

(p. A7) Socialist President François Hollande has come up with a plan to ease the problem: give €4,000 ($5,276) a year for three years to small companies that hire a young person on a permanent contract while committing to keep an employee age 57 or over.
. . .
The French government hopes as many as half a million youths will find permanent jobs over the next five years due to the measure, which could cost the government about €1 billion a year when it is in place.
Economists say the number of real new jobs is likely to be much lower because the government will be subsidizing jobs that would have been created anyway. Only around 100,000 new jobs will be created, according to OFCE, an economic-research think tank in Paris.
French companies say they are reluctant to hire young people on permanent contracts because it gives employees a level of protection the companies say they can’t afford to grant–even if they get the subsidy proposed by Mr. Hollande.
“It’s great to have €4,000, but if the new recruit isn’t good, we don’t know how long we’ll be stuck with them,” said Philippe Lehmann, who runs Lehmann Sarl, a mechanical-parts factory in Molsheim, eastern France that employs seven people.

For the full story, see:
WILLIAM HOROBIN. “France Pins Hopes on Youth Jobs Plan.” The Wall Street Journal (Mon., December 24, 2012): A7.
(Note: ellipsis added.)
(Note: the online version of the story has the date December 23, 2012.)
(Note: the online version of the last two paragraphs quoted above contains a few extra words of elaboration at the end of each paragraph, as compared to the print version. I have underlined these words in the passages quoted above.)

How Chavez Punished Those Who Opposed Him

(p. 196) In 2004, the Hugo Chávez regime in Venezuela distributed the list of several million voters who had attempted to remove him from office throughout the government bureaucracy, allegedly to identify and punish these voters. We match the list of petition signers distributed by the government to household survey respondents to measure the economic effects of being identified as a Chávez political opponent. We find that voters who were identified as Chávez opponents experienced a 5 percent drop in earnings and a 1.3 percentage point drop in employment rates after the voter list was released.

Source:
Hsieh, Chang-Tai, Edward Miguel, Daniel Ortega, and Francisco Rodriguez. “The Price of Political Opposition: Evidence from Venezuela’s Maisanta.” American Economic Journal: Applied Economics 3, no. 2 (2011): 196-214.

“People Said He Was a Fraud, But He Turned Out to Be Right”

“Willis Whitfield with a mobile clean room in the 1960s.” Source of caption and photo: online version of the NYT article quoted and cited below.

(p. B16) Half a century ago, as a rapidly changing world sought increasingly smaller mechanical and electrical components and more sanitary hospital conditions, one of the biggest obstacles to progress was air, and the dust and germs it contains.
. . .
Then, in 1962, Willis Whitfield invented the clean room.
“People said he was a fraud,” recalled Gilbert V. Herrera, the director of microsystems science and technology at Sandia National Laboratories in Albuquerque. “But he turned out to be right.”
. . .
His clean rooms blew air in from the ceiling and sucked it out from the floor. Filters scrubbed the air before it entered the room. Gravity helped particles exit. It might not seem like a complicated concept, but no one had tried it before. The process could completely replace the air in the room 10 times a minute.
Particle detectors in Mr. Whitfield’s clean rooms started showing numbers so low — a thousand times lower than other methods — that some people did not believe the readings, or Mr. Whitfield. He was questioned so much that he began understating the efficiency of his method to keep from shocking people.
“I think Whitfield’s wrong,” a scientist from Bell Labs finally said at a conference where Mr. Whitfield spoke. “It’s actually 10 times better than he’s saying.”

For the full obituary, see:
WILLIAM YARDLEY. “W. Whitfield, 92, Dies; Built Clean Room.” The New York Times (Weds., December 5, 2012): B16.
(Note: ellipses added.)
(Note: the online version of the obituary has the date December 4, 2012, and has the title “Willis Whitfield, Inventor of Clean Room That Purges Tiny Particles, Dies at 92.”)

Jobs Laid Off 3,000 from Apple to Save It from Bankruptcy

(p. 339) In his first year back, Jobs laid off more than three thousand people, which salvaged the company’s balance sheet. For the fiscal year that ended when Jobs became interim CEO in September 1997, Apple lost $1.04 billion. “We were less than ninety days from being insolvent,” he recalled.

Source:
Isaacson, Walter. Steve Jobs. New York: Simon & Schuster, 2011.

Internet Allows Pricing Experiments

Source of graphic: online version of the WSJ article quoted and cited below.

(p. A10) This year, researchers in Spain studied more than 200 online retailers and found a handful of examples of price differences–including at Staples within Massachusetts–that appeared to be based on location and other factors. Those findings suggest that Staples’ price adjustments have been present at least since this summer.

It is difficult for online shoppers to know why, or even if, they are being offered different deals from other people. Many sites switch prices at lightning speed in response to competitors’ offerings and other factors, a practice known as “dynamic pricing.” Other sites test different prices but do so without regard to the buyer’s characteristics.
To find differences that weren’t purely the result of dynamic pricing or randomized tests, the Journal conducted preliminary scans by simulating visits from different computers to a variety of e-commerce sites. If a website showed different prices or offers, the Journal then analyzed the site’s computer code and conducted follow-up testing.
The Journal’s tests, which were conducted in phases between August and December, indicated that some big-name retailers are experimenting with offering different prices and products to different users.
Some sites, for example, gave discounts based on whether or not a person was using a mobile device. A person searching for hotels from the Web browser of an iPhone or Android phone on travel sites Orbitz and CheapTickets would see discounts of as much as 50% off the list price, Orbitz said.
. . .
At home-improvement site Lowe’s Cos., . . . prices depend on location. For example, a refrigerator in the Journal’s tests cost $449 in Chicago, Los Angeles and Ashburn, Va., but $499 in seven other test cities. Lowe’s said online shoppers receive the lower of the online store price or the price at their local Lowe’s store as indicated by their ZIP Code.
Home Depot’s website offered price variations that appeared to be based on the nearest brick-and-mortar store as well. A 250-foot spool of electrical wiring fell into six pricing groups, including $70.80 in Ashtabula, Ohio; $72.45 in Erie, Pa.; $75.98 in Olean, N.Y and $77.87 in Monticello, N.Y.
. . .
The differences found on the Staples website presented a complex pricing scheme. The Journal simulated visits to Staples.com from all of the more than 42,000 U.S. ZIP Codes, testing the price of a Swingline stapler 20 times in each. In addition, the Journal tested more than 1,000 different products in 10 selected ZIP Codes, 10 times in each location.
The Journal saw as many as three different prices for individual items. How frequently a simulated visitor saw low and high prices appeared to be tied to the person’s ZIP Code. Testing suggested that Staples tries to deduce people’s ZIP Codes by looking at their computer’s IP address. This can be accurate, but isn’t foolproof.
In the Journal’s tests, ZIP Codes whose center was farther than 20 miles from a Staples competitor saw higher prices 67% of the time. By contrast, ZIP Codes within 20 miles of a rival saw the high price least often, only 12% of the time.

For the full story, see:
JENNIFER VALENTINO-DEVRIES, JEREMY SINGER-VINE and ASHKAN SOLTANI. “Websites Vary Prices, Deals Based on Users’ Information.” The Wall Street Journal (Mon., December 24, 2012): A1 & A10.
(Note: ellipses added.)