Economic Forecasting

“The only function of economic forecasting is to make astrology look respectable.” — John Kenneth Galbraith

Yesterday, Black Friday, consumers spent 3% 1UPDATE: latest figures estimate that the increase may be more like 7% more than last year. All we heard on the news was how horrible for retailers the day would be. That folks were only going to browse. I think Mr. Galbraith is correct. The crowds even trampled a Wal-Mart employee to death in their rush to buy stuff, for crying out loud.

Footnotes   [ + ]

1. UPDATE: latest figures estimate that the increase may be more like 7%

The Point: Well pay for you to die

I found this over at The Point blog. They’re quoting The Eugene, Oregon, Register-Guard:

After her oncologist prescribed a cancer drug that could slow the cancer growth and extend her life, [Barbara] Wagner was notified that the Oregon Health Plan wouldn’t cover the treatment, but that it would cover palliative, or comfort, care, including, if she chose, doctor-assisted suicide. . . .

Are these folks in Oregon crazy?


Inconsistent Religion

From The Ivy Jungle Network Campus Ministry Update Summer 2008

Although the US is one of the most religious nations in the world, a survey by the Pew Forum on Religion and Public Life shows many believe things which contradict their stated faith.70% of those who claim religious affiliation believe multiple religions can lead to salvation and 68% believe in multiple interpretations of their own religion.57% of self-identified evangelicals believe multiple religions can lead to salvation.21% of self-identified atheists believe that some kind of God exists.80% of respondents believe in moral standards of right and wrong, but only 29% claim their religious teachings help them determine those standards. A copy of the report can be read at www.pewforum.org(SFGate.com June 23, 2008)

Are You Kidding Me?

Last week 90 some people were rounded up in a drug raid in San Diego. More than 60 of the culprits were students at San Diego State. One of the students, a criminal justice major, asked one of the arresting officers, “Do you think this will hurt my chances of employment with federal law enforcement?”

Ya think?

Is it today’s cultural influence that causes someone to even ask that question? Or are today’s college students just dumber than they were decades ago? Or was it just this one?

Moving to Coed Rooms

Chicago Tribune April 6, 2008 sec. 1 p. 6:

Over the last few decades, single gender dorms have become hard to find on a college campus.  Many moved to coed floors, coed suites, and coed bathrooms.  Now a number of schools have instituted coed rooms.  Approximately 30 campuses now have rooms that are officially shared by male and female roommates.   Schools who have made the switch say that gender-blind dorm rooms are more inclusive and acknowledge modern realities.  Most of the schools discourage romantically involved students from rooming together, but maintain that such choices are up to the students.  Critics say coed rooms are one more indicator of the eroding morals on the college campus.  

So do I.

“The philosophy of the school room in one generation will be the philosophy of government in the next.” -Abraham Lincoln