My Suspicions Confirmed, College Students Are Slackers

Tyler Cowen passes on a report which claims to show students in my day worked 40 hours a week on their studies (plus another 20 working their way through school, at least for some like me), whereas now they work 27 hours a week.  Of course, it could be that the use of Powerpoint has improved the transmission of knowledge so much that less studying is needed because more is accomplished in class.  Or it could be youth are going to pot.

$500 an Hour for Law School Graduates?

Piece in the NYTimes on the people handling the bankruptcies in the financial sector, particularly Lehman Brothers.  Apparently the time of associates in law firms (the worker bees familiar from John Grisham's novels who are 1, or 2, or 3 years removed from law school) can be billed at $500 an hour.  If they worked 2,000 hours in a year, that's a cool mill. And associates, if Grisham is right, are expected to bill 60 or 70 hours a week.

Remember that when right wingers talk about government bureaucrats being paid more than private--I double damn guarantee no Federal lawyer is in the same ballpark as these people.

The piece offers some justifications for the charges, and there is some oversight.  But my bottom line is: pigs at the trough, making hay while the sun shines (to mix farm metaphors). The creditors of the bankrupt institution don't have the ability effectively to monitor the firms and serve as a countervailing interest to abuses.

What Does a Crofter Do? [Updated}

A nice post at Musings from a Stonehead describing what a crofter (small farmer) does: walk and carry. He's not walking behind horses, but the farm is small enough not to need a riding tractor.  That's one reason old time farmers had no problems with their weight.

Meanwhile, just to prove small farms are the same on both sides of the Atlantic, StonyBrookFarm has a post about the concept of "cool boredom", which he sees as part of doing chores on a farm:

Lugging around water buckets, wheeling out bales of hay, standing still and running the hose for ten minutes to fill a fifty gallon water trough, walking from pasture to pasture, paddock to paddock, barnyard to barnyard, following a rote routine multiple times a day, day after day, are the stuff for me of cool boredom on the farm.

Both posts are worth reading in their entirety.

How Much Has Politics Changed?

Mr. Brookheiser, in his memoir of Bill Buckley, recalls that 2 weeks after LBJ became President, the National Review declared his honeymoon was over.  (How'd I like the book--it was a quick read with a number of good lines in it.  I don't think much of his politics, but the guy writes well.)

Spreading Innovations

I'm always fascinated by the processes by which new ideas spread, or don't spread, through society.  One reason is purely egoistic--over my working career I had some new ideas, some of which spread, some didn't.  Some survived my departure, most didn't. The flip side is why are bureaucracies and societies resistant to change.

Today the US Army presents an example.  Tom Ricks at the Best Defense presents a post in which the writer argues that even though General Petraeus ushered through a new Field Manual on Counter Insurgency, and there are high-ranking officers who've bought into the ideas, COIN isn't safely embedded in the Army's culture. New bureaucrats, whether they be Presidents or political appointees, often believe if they can just get something done on paper, whether it be a law or a directive, the job is done.  Wrong--it's just starting.

One-third Lose Jobs in SEC Porn Scandal

Somehow that seems a fairer title for this story than saying "No one fired"

Those Speedsters at FSA

From the FSA press release on new software supporting the direct loan program:

Development of the new software began in 2004, Coppess said, and the first phase, to improve the loan making process was launched in 2007. Since then, more than $3 billion in new loans have been obligated through the system, including many made as a result of the 2009 American Recovery and Reinvestment Act.

It's not real clear what's going on--the release talks of a major upgrade, and the first release must have been out for a while, if $3 billion has been made through the system.  So I guess it's not right to mock this as a 6 year development project.  No mention of the cost of the software project, but at least it turned out to be usable.

Why I Love Congress--Improper Payments

Government Executive reports on a bill which passed the House requiring government agencies to recover payments they make improperly.  Why the title of this post?  Because a number of years ago Congress passed a law requiring FSA to let farmers keep payments which were made improperly.  Talk about double-faced!

To be fair, I should add this is all based on my memory, which is fallible; the law permits FSA to recover payments if the recovery can be made within a period (90 days maybe?); and the reason for the law was that farmers claimed they didn't realize they had been overpaid, so they used the money in their operations and felt it was unfair to be required to repay when it was FSA which made the mistake. Regardless, my Calvinistic heritage rebels at that.

Sows

The summary of an extension post on farrowing and nursing facilities:

The decision regarding space allocation pits the biology of the pig against the economics of production systems. Since each 3% reduction in space allocation for pigs in fully slatted facilities results in only a 1% reduction in daily gain and daily feed intake, producers have historically accepted a reduction in individual pig performance in order to maximize economic returns from investments in facilities. Based on the recommended codes of practice from the European Economic Community and Canada, there is no agreed upon standard for space allocation in the world community. In the future, considerations such as welfare codes and response of the market chain may change the space allocation decision.

If I recall, Florida put some sort of restriction on farrowing pens. I'm rather of two minds on this, and similar animal welfare issue. On the one hand there's a power imbalance between the animal grower and the animals.  One of my rules is based on Lord Acton: power corrupts.  Granted over the long haul it's in the interest of the grower to treat her animals humanely, but so is it in the interest of employers to treat employees well.  We know neither happens in every case.  On the other hand, there's definite economic tradeoffs, as shown by this study.  The bottom line, as society gets wealthier we can afford to put some of the wealth to better treatment of animals as opposed, say, to more square footage for the home.

An Inventor All Bureaucrats Should Honor: Edwin G. Seibels

Via Matt Yglesias, here's the inventor of the filing cabinet.  You laugh, but being able to store and retrieve accurately the desired information is important.  Just ask anyone with Alzheimers.