• Professor Elam

    That was the angry demand by a young fan of one of the players involved in fixing the 1919 World Series.
    No one wants to watch a fixed game though that does not seem to dim enthusiasm for horse racing, long a fixture of mob involvement. And of course Pete Rose ruined his career with gambling.  Now Dallas Radio Personality Mike Gallagher  looks at the case of an NBA referee accused of gambling and perhaps fixing games.  Bad behavior in the NBA seems the norm these days.  But if the games turn out to be fixed, what is the point of watching?

    Meanwhile Mike Vick, the Atlanta Falcons quarterback, faces dog fighting charges in Federal Court.   Will Vick actually face trial?  A conviction would mean the end of his NFL career.  That rarely happens with big time jock stars, at least as long as they are winning. 

    I bring this up as yet another Ethics Issue.  How much longer do sports fans tolerate this bad behavior among its stars? 

  • Professor Elam

    The Sunday DMN reports that Donovan Collins the second ranking officer in the DISD police department has a questionable college degree on his resume.  He applied for the top job in the dept and listed a Bach Degree from Canyon College in Idaho.  Well guess what Canyon is not accredited by anyone recognized by the US Dept of Education. 

    Mr. Collins story was that he paid $2500, took half a dozen courses on line and presto, got a degree, only later did he discover Canyon was not accredited.  Gee, a policeman fell for that scheme?  Worse, Collins claims 20 years experience with DISD police starting in 1986. But the DISD Police Dept did not exist until 2003.  Now Collins may be charged with falsifying a resume, a Class B misdemeanor.

    Regular readers will recall that last fall the DISD discovered that their Ethics Czar claimed to be a CPA yet he did not possess a current CPA certificate.  And of course this is the same DISD that had the massive credit card scandals.  There are several points to be made here.

    Auditing requires professional skepticism.  Basically this is the show me philosophy associated with folks from Missouri.  This is why my job required submission of my transcript directly from UT Austin to the Provost at UNT, as do all state university jobs.  Misrepresenting degrees is so widespread this is now required, the person submitting is not allowed to touch the transcript.

    There will of course me much more of this with Canyon Colleges appearing daily on the internet and a confusing array of so called accrediting bodies. 

    It looks as bad or worse in this instance for the DISD police to suffer such an incident.  Clearly their lack of investigative procedure is in serious question.  How can we trust them to do internal investigations of the school when they cannot police themselves?

    Be glad you are pursuing a real degree at one of the top universities in Texas!

  • Professor Elam

    Bill Gross runs the biggest bond funds on the planet at PIMCO.  So Bill’s Thoughts  on bonds are worth reading. In this excerpt he suggests, as I have in class, that the problem in real estate wil not be limited to just a crash in a couple of Bear Stearns funds.  No the real problem is in thousands of speculations in Miami and Las Vegas as well as folks that are over their heads in main street USA.

    I suggest you book mark the PIMCO site map  for reference on learning more about bonds.

  • Professor Elam

    The media seems only interested in covering the lead candidates.  Too bad because we are not likely to get any innovative ideas from them, just the status quo. In this article, Sam Brownback  explanis his concept of a flat tax.   I would go further and keep taxes on capital gains at nothing or near nothing or at least let folks match all gains with all losses.  But as Brownback notes, the tax code is many times longer than any other book you can mention, countries going to a flat tax are showing greater growth than those that have not.  So it is just a matter of whether politicians will forgo dispensing favors to voters via the tax code. So far they have not shown any proclivity to do that.

  • Professor Elam

    Did you know there was a college cost reduction act?  Read about it here.,   THis is the first effort at finally putting colleges that keeep raising tuition on an alert status and endangering their ability to get student lonas, about time I would say.  And there are interesting repayments schedules modeled after other countries.

  • Professor Elam

    Jeremy Clark is the new Manager of Lancaster Memorial Hospital. He addressed the Lancaster Rotary Club as Joe Johnson’s program. Jeremy is new to the Dallas area having spent his life in the SE United States. He listed five new initiatives at the Hospital including
    New obstetrics unit-50 babies delivered in June
    Emergency Room Waiting Time Lowered
    Occupational Medical Program
    A new Physical Therapist Hired – and convenient location
    New radiology equipment has been ordered

    Jeremy demonstrated a clear grasp of Managerial Accounting and Total Quality Management. He mentioned the term metrics several times. A metric is a benchmark measure of how well an organization is performing such as emergency room wait time. His five measures of hospital success include
    Existence of A Quality Program
    Service Levels
    People
    Cost Control
    Growth of the Organization

    I hope to have Jeremy address the class this fall on how he uses metrics to judge the efficiency of the hospital operation.

  • Professor Elam

    The Democrat candidates all say that taxes are too low on the rich, rich being arbitrarily defined at an income of $200 K.  Well let’s go to socialist Nirvana Norway  and see what they think!

    The fast growing economies are in East Europe and Ireland where there is a flat tax.  Wales and Macedonia are running ads in the WSJ trumpeting their low tax environments.  Why can’t the rest of the world figure this out?

  • Professor Elam

    Take a look at Broken China in the latest Business Week. While some things like building for the Olympics seem to get done, others like regulating out of control IP violators, rudderless stock exchanges, and tainted food are not getting done.  Gee could a communist central control appartus not be the answer?  Both China and Russia are relatively lawless countries when it comes to this sort fo thing. No doubt the low pay leads to corrpution and lack of competitive functioning markets makes it worse. 

  • Professor Elam

    Design_starI have had a lot to say about the emergence of the importance of Design as a discipline.  One sign that I am right is the growing popularity of this trend in the immediate culture.  Well, tune in to Design Star.    HG TV has ten folks competing for the best design. The winner gets to host their own Design TV
    show.  M y conclusion is that this is another clue that Design is catching on as a discipline and career.

  • Professor Elam

    Do you know the acronym BRIC?  That would be Brazil, Russia, India, and China-coined by the new CEO of Goldman.  Check out the world in this somewhat lengthy report from Fortune .

    The stock market measured by the Dow Jone Industrials broke out big time to the upside yesterday.  Semi conductors and basic materials are leading the way.  The only thing I see wrong in all this is a too weak US Dollar which may well break its multi year low at 80 on the Dollar Index.

    Still, a great article.