Monday, June 13, 2011

Honors Business Economics: 13 June 2011

Why Does Yale Cost $55,000 a Year? 3:26

Over the years, we've interviewed Bob Shiller in a go-kart on the Jersey shore, on a cable car climbing the hills of San Francisco, at a failed condo project in Atlanta, Georgia.

Recently, we caught up with Shiller closer to home -- outside the admissions office at Yale University, where he's taught economics since 1982. Given our joint history of off-beat interview elements, he suggested we waylay a Yale campus tour -- guide and group -- to get their take on inflation. One soon materialized. It happened to be a tourguide's tour, a seasoned undergrad chaperone taking her newly recruited charges on a dry run.

So when touring parents ask why Yale costs $55,000 a year these days, what are the guides supposed to answer? And how, Bob Shiller, do you explain why the inflation rate of going to college is many times that of the overall consumer price index?

Is a College Diploma Worth the Soaring Student Debt? 16:00

Read the transcript:
As a growing number of students suffer the soaring costs of education debt many questions are being raised surrounding the value of a college education. Jeffrey Brown gets four views on whether today's diplomas are worth the bills.

Student Debt: Denying the American Dream, 6:07

Over the past 20 years, federal investment in higher education has decreased significantly. The maximum Pell Grant award used to cover over 60% of the average tuition and fees. Today, the average award covers just 33% of those cost. Student loans, both federal and private, represent a much greater percentage of a student's financial aid package. In the past year alone, we have seen the largest cuts in the history of the student loan program, totaling $12.7 billion and the average Pell Grant award has decreased approximately $120.



First I look at the Purse J. Geils Band HofB 4/28/09, 4:52

Liberty and Economics, 37:50

What kind of man was Ludwig von Mises? As this unique film shows, Mises (1881-1973) was a man who never stopped fighting for freedom: not when the Nazis burned his books, not when the Left blackballed him at universities, not when it seemed as if statism had won. With courage and genius, he fought big government until the day he died ... in 25 books, hundreds of articles, and more than 60 years of teaching.

Mises's battles against Communists, Nazis, and other socialists, are featured in this film, as are his ideas of Liberty. There is also the old Vienna he loved, the Bolshevik prime minister he dissuaded from Communism, and a cast of villains from Lenin to Hitler, as well as such supporters and students as Murray Rothbard, Ron Paul, Bettina Greaves, M. Stanton Evans, Mary Peterson, Joseph Sobran, and Yuri Maltsev.

Among his many accomplishments, Mises showed that socialism had to fail, that central banking causes recessions and depressions, that the gold standard is honest money, and that only laissez-faire capitalism is fully compatible with Western civilization.

Mises was the twentieth century's foremost economist, and one of its most important champions of Liberty. Here is a film that does justice to this extraordinary man, and to his equally extraordinary ideas.

Honors World History II: 13 June 2011



Saving Private Ryan (edited out before 2:05, Language), 3:30

Useful Dog Tricks performed by Jesse, 3:12

Presenting, Useful Dog Tricks!! Whoever said tricks can't be useful? Jesse loves helping around the house, and I just love his happy attitude and smile on his face =o)

*Our relationship is based on mutual respect, understanding, and trust. We have a wonderful relationship and bond, and that is the foundation of our training. We train all behaviors through the use of positive reinforcement*

Jesse chooses to do the behaviors in this video, and has so much fun bringing smiles to people's faces. He gets treats for doing his tricks, and enjoys learning new things. Tricks are just one of the activities we enjoy doing together. When not doing tricks, Jesse can be found playing with his cuz ball, chasing squeaker tennis balls, digging in search for lizards, de-fluffing stuffed toys, swimming, and a companioning me on outings. Jesse loves adventure, and lives each and every day to its fullest. Jesse is my best friend, heart dog, and truly a member of the family, and I love him with every beat of my heart.
~Heather and Jesse~

Wanna learn more about Clicker Training? Check out Karen Pryor's website at:
to get started.

Special thanks to Josh Woodward for the use of the songs "Coffee" both Full & Instrumental version. His music is under Creative Commons. Check out more of his awesome music at:

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Collect Books

Two Part Quiz

First, a Quiz, then, we will have a pop music Quiz about school songs.

I'm The Teacher, 4:03

(Ian Hunter)

The question's arisen is this a prison
Some say it is, some say it isn't
Why do I try? nobody listens
I pass by like an intermission

If there's just one weed in this flowerless grave
If there's just one seed I can save
I'm going to reach ya
Pleased to meet ya, I'm the teacher

Outlaws, cruisers, junkies, boozers
Take a back seat, with the three time losers
They're all having a ball, down at juvenile hall
By looking so small they must be victims of the system

I've been inside, (where the lies are hide)
Are you satisfied I never should have tried to beat you
I beseech you, sad little freaker
Pleased to meet you, I'm the teacher

They can snap your soul, blow it away
Like a fragile leaf on a windy day
Can you read? can you write? they couldn't care less
You can graduate on American Express, no personal checks

What do I do to get through to you?
Somebody sue the suit, don't let em eat ya
Don't you let 'em defeat ya Don't let 'em mistreat ya
'Cause sooner or later
They're going to cheat ya
Pleased to meet ya, I'm the teacher

These lyrics have been determined after careful listening to the tracks in question, and are provided for educational purposes only. Due to the possibility of mis-hearing, we cannot vouch for their accuracy. Copyright remains vested in the lawful copyright holders.

1. What does the "S" in President Harry S. Truman's name stand for?

Harry S. Truman's parents chose "S" as his middle name in an attempt to please both of Harry's grandfathers. The initial did not actually stand for anything, a common practice among the Scots-Irish. Truman did not have a middle name, only a middle initial. In his autobiography, Truman stated, "I was named for ... Harrison Young. I was given the diminutive Harry and, so that I could have two initials in my given name, the letter S was added. Truman's bare initial caused an unusual slip when he first became president and took the oath of office. At a meeting in the Cabinet Room, Chief Justice Harlan Stone began reading the oath by saying "I, Harry Shipp (his grandparent's name) Truman, ...". Truman responded: "I, Harry S. Truman, ...".

2. What University did Dr. Smith attend?

UCLA Pregame Cheer, :51

Quiz: So you think you know UCLA History?
3. In what department?


4. What state has the most top colleges/Universities?

5. How many top institutions does this state have? Name the top colleges in this state.

6. Which state has the second highest number of top colleges/Universities?

7. How many top institutions does this state have?

8. Name them.

9. What are the two most important guides for college applications?

U.S. News and World Report annual rankings (comes out in September)

Fiske Guide to Colleges, Edward Fiske (comes out annually)

10. What are the two books listing the secrets for college applications?

What High Schools Don't Tell You: 300+ Secrets to Make Your Kid Irresistible to Colleges by Senior Year, Elizabeth Wissner-Gross

What Colleges Don't Tell You (And Other Parents Don't Want You to Know): 272 Secrets for Getting Your Kid into the Top Schools, Elizabeth Wissner-Gross

Name the top "school" songs from the 1950s to the '70s:

Chuck Berry - School Days (1986), 2:41

Keith Richards invited a roster of great musicians to honor Chuck Berry for an evening of music to commemorate Berry's 60th birthday.

The Beach Boys - Be True To Your School, 2:08

Graham Parker and the Rumour - Back To Schooldays, 2:46

Graham Parker and the Rumour performing "Back To Schooldays" from Rockpalast in 1978.

Alice Cooper - Schools Out, Top of the Pops, 1972, 3:17

"School's Out" became Alice Cooper's first major hit single, reaching #7 on the Billboard Hot 100 pop singles chart and propelling the album to #2 on the Billboard 200 pop albums chart. The song reached #1 on the UK singles chart for three weeks in August 1972.