• Professor Elam

    I have been criticized for emphasizing the importance of obtaining a certification. 

    Here is a great piece from a PhD in science, who cannot find a job. 

    Be sure to read Mish's answer, he is right on as to the cost of chicken, the min wage, and the 24x cost of education. 

    Be sure you leave here with what you need to make a difference for you. This is another reason we feature outside speakers in my classes and this blog to link to that famous real world. I am sincerely interested in your future. 

  • Professor Elam

    Steven Rattner was the Wall Street banker charged with handling the GM Chrysler bankruptcy.

    Here is story from Fortune Magazine. 

  • Professor Elam

    We will be having case presentations in both graduate and undergraduate cost classes. 

    Are you aware of the University of Texas Moot Corp Competition?

    At UT they play for real money, yep the teams that win get a cash award as well as chances to try out their idea, I see this year they even get to ring the NASD closed one day. 

    The idea at UT is to simulate the real business world of as close as possible, nothing like real money to do that. Log on to the hyperlink and read about it. 

    I think the cases we have here, Blanco, Cactus Flower, and Mocha Java simulate real world situations.

    As you can see, business schools take this seriously. 

  • Professor Elam

    Colombian pop star Shakira

    attended classes at UCLA between tours. Shakira's Wolf is a chart topper, so she attended in disguise. And the class, try ancient civilization to like 843 AD. Hmm, a better role model than the Dixie Chicks or Ms. Lohan I'd say…..

  • Professor Elam

    We emphasize good writing at Texas A & M San Antonio. One of the most popular fiction writers of our time is Stephen King. The novels tend to be long, he weaves the story slowly drawing the reader into what is usually a macabre world of science fiction. But he makes the reader believe that indeed these things can happen, a hallmark of great science fiction.

    Picture 4 The result is that the stories usually do not transition well to the screen. Two exceptions, Christine and The Shining stand alone, and the latter is on Sunday night. The script was written with Jack Nicholson in mind, Kubrick (2001) directs.  I found this review at http://www.imdb.com, and it is oh so correct.

    Even though The Shining is over a quarter of a century old, I challenge anyone to not get freaked out by Jack Nicholson's descent into madness. This is a rare example of something so unique that no one has been able to rip it off; instead it has been referenced time and again in pop culture. The twins, the elevator of blood, RedRum, the crazy nonsense "writing"… this should be seen, if for nothing else, to understand all the allusions to it in daily life. The film is simultaneously scary, suspenseful, beautiful, and psychologically intriguing. It has the classic mystery of Hitchcock and the terror of a modern thriller. And it has what horror movies usually lack: a great script.

    It wold be much better to see without interruptions as the suspense builds, Nicholson's descent into madness is quite believable which is what makes the horror story.

    Note this is a 1980 film.  The markets were finishing off their descent into madness after an eight year down sideways move from the 1972 top. America had just experienced a second oil embargo, and the embarassment of our diplomats taken hostage in Iran. Socionomicaly the timing was perfect, the markets and the country were lost and unable to come to grips with reality, as you will see, neither is Jack.

    Shelley Duvall plays what I believe was her last movie role before embarking on the highly successful Fairy Tale Theater which ran from 1982-87 on television. It featured Hollywood big name stars appearing for modest pay in classic fairy tales for kids. That series worked as the markets bottomed in 1982 and the mood improved throughout the 1980s. Indeed Shelley caught the entire Wave One of the stock market as mood improved taking the Dow from 800 to 2700.

  • Professor Elam

    The problem with the electric car idea is of course the battery. Conventional lead acid batteries are too heavy and have to be re charged for extended periods. So read about the lithium air, or lithium ion (now) or lithium sulfur batteries. My personal take is the we the people should be allowed to drive the same vehicles that governments allow themselves to drive but forbid us to drive. Example, city parks and college campuses are dotted with kawasaki mules and john deere gators, the mule in particular strikes me as a handy urban, no freeway use, runabout. It uses little material and runs on a sub one liter engine getting fabulous mileage, think a four wheel motorcycle. 

    I am skeptical of battery technology becoming a realistic alternative in my lifetime but we shall see. 

  • Professor Elam

    Norway another wonderful European social democracy is going to post personal tax returns on line for all to see. Wanna know how much Liv Ullman makes, well, stand by!

    Most countries as the article says would take this as a privacy invasion. It is just as a tax return combing through every thing one does is a privacy invasion. The amendment allowing income tax in this country should be repealed. time spent doing tax returns is non value added time. 

    Would you want your tax return on display for all to see?  Hint, the only ones this appeals to are those with nothing but  a W 2 on their return. 

  • Professor Elam

    Michael Moore got famous with Roger and Me, describing his 'staged' attempts to meet with Roger Smith then CEO of GM. Now another couple of documentary makers have taken on the Global Warming Lobby

    with Not Evil Just Wrong. 

    Polar bear populations have multiplied, the people are not crowding into the Empire State Building to stay above the rising water, and lots of people are losing jobs over anti=coal hysteria.

    My point is that digital media has allowed other voices to be heard, this blog is a good example. Hysteria over the oil business has made Midland Odessa a virtual backwater of Texas culture, no one seriously considers moving there, the economy lurches from wild to mild on a regular basis. Indeed one of the best things about living in San Antonio is that I do not have to tell someone I live in Odessa and watch their eyes roll…

    Take a look at the site. Here we will start on our own pro active environment change The graduate class will be constructing a case on replacing high water use lawns with natural cactus and other plants that sustain on their own.

  • Professor Elam

    John Crawley, Reuters  Published: Thursday, October 22, 2009

    The biggest question in the turnaround of General Motors Co. is how it can overcome decades of insular management, the former leader of the Obama administration's autos task force said yesterday.

    "A successful recovery is far from assured," Steven Rattner said about GM and Chrysler Group LLC, the two auto-makers the task force pushed into bankruptcy this year to prevent their collapse. But he sounded an optimistic note, saying the two are viable and have "every tool they need" to succeed.

    Mr. Rattner also said the Obama administration was deeply divided over whether to fund Chrysler's restructuring in bankruptcy and whether the automaker could survive to repay the investment.

    The investment banker, who headed the Obama administration's autos task force until July, also said he had been shocked by the "stunningly poor management" at both GM and Chrysler.

    "Everyone knew Detroit's reputation for insular, slow-moving cultures. Even by that low standard, I was shocked by the stunningly poor management that we found, particularly at GM, where we encountered, among other things, perhaps the weakest finance operation any of us had ever seen in a major company," Mr. Rattner said in an account of his stint in the administration, published by Fortune magazine yesterday.

    Mr. Rattner said the decision to offer Chrysler US$12-billion in emergency financing to restructure under the management control of Fiat SpA had been "a close call," adding that the administration was ultimately swayed by the view that allowing the automaker to liquidate would cost 300,000 jobs.

    "The group was torn," Mr. Rattner said, noting that at one point key members of the autos task force had been split 4-to-4 on whether to offer Chrysler financing.

    Mr. Rattner forced the resignation of former GM CEO Rick Wagoner.

    "It seemed completely obvious to us that any management team that had burned through [US]$21-billion of cash in a year and another [US]$13-billion in the first quarter of 2009 could not be allowed to continue," Mr. Rattner said.

  • Professor Elam

    Here is a review of this title by William Klingaman

    rom Publishers Weekly
    The year 1929 saw both the peak of roaring-'20s prosperity and the stock market collapse that led to the Great Depression, when a third of the U.S. work force was unemployed. With vivid narrative and anecdotal profiles of such diverse characters as Herbert Hoover, Al Capone, Joseph P. Kennedy, the Marx Brothers, F. Scott Fitzgerald and J. P. Morgan, Klingaman ( 1919 ; 1941 ) shows that the same "mob psychology" that "had borne the bull market to irrational heights" eventually dragged stock prices far below inherent value. RCA, for example, plunged from 110 to 26. Ostentatious wealth, Prohibition gang wars, deadly labor suppression, political corruption, bank and brokerage wipeouts and margin-loan suicides: all are seen here as part of an economic and government failure that preceded the rise of Adolf Hitler and Franklin D. Roosevelt. 
    Copyright 1989 Reed Business Information, Inc. 


    I put crash of 1929 into amazon under books and got six interesting titles.

    How about exploring the Bretton Woods Monetary Agreement at the end of WW II? Do you know what that is, check it out

    How about the decline and fall of GM?

    Hmm, how much longer will msft hold sway, the stock has gone nowhere for years

    How about the Panic of 1907, a great book

    How about the creation of  the Euro?

    HOw about the financial center now growing in Dubai?

    yet I am still getting mediocre titles submitted better suited for say high school like Who Stole My Cheese

    This is college, we can do better….