Charlie Rose

Ricardo_Amaral  11/12/2010 11:05 PM Report

A friend of mine just sent me this video, I know you guys can appreciate the message that this video is trying to project to the rest of the world.

In a Nutshell:

Here is the result of QE2 plus G-20 meeting in South Korea

http://www.youtube.com/user/NMAWorldEdition#p/u/4/IGYAhiMwd5E

The party is over!!!!!!!!

.

guineu  11/12/2010 01:27 AM Report

Tuesday's show with Drew Faust and Susan Hockfield was enlightening. These ladies definitely know their business, and it was refreshing to learn of their collaboration. Yes, I guess you could call them elitist. But then, who would you rather have leading these 2 landmark universities, Sarah and Todd Palin?

What this interview got me thinking about is how lacking our secondary educational system is when compared to our colleges and universities. I think many of our job and other social problems could be solved if we were to adopt a system such as that in Austria. Rather than fostering the mistaken belief that a baccalaureate degree should be everyone's goal, they assume it is not, and have a robust public school system that provides training for most career paths, including business, technical and service occupations, as well as preparatory curriculum for those who desire and qualify to pursue advanced university studies. All paid for with taxes! Here, the non-college bound are graduated from High School with no job skills, easy prey for unscrupulous For Profit technical schools. Government grants are available for some to help pay the expensive tuition at these schools, but many employers are not impressed with the diplomas awarded because they know the school had no incentive to fail a student whose tuition was paid either by government grants or student loans.

When are we ever going to learn that the "Private Sector" is not the best sector for all endeavors?

Is there a system in place to propose topics for Charlie to address on his show? I think this would be a good one.

anne4444  11/11/2010 04:55 PM Report

Money is a new form of slavery and distinguishable from the old simply by the fact that it is impersonal – that there is no human relation between master and slave.

----- By Lev Nikolayevich Tolstoy

robdverity  11/10/2010 05:00 PM Report

The ivy league elitism doesn't work when it's their products that largely produced the financial wise-guys that scuttled the world economy. The sense of entitlement (exhibited by these hucksters) carries-on into the world of commerce. The egregious greed automatically assumed after their heady reinforced narcissism makes them entitled predators, a la Rubin, Summers, Paulson, Weil et al. Amoral institutions on things that matter to a successful culture and society.

REMant  11/10/2010 01:40 PM Report

I suspect Prof Solow is wrong, any real growth we've EVER achieved is due to human capital, not credit, or saving, because the latter is only really possible with a productivity increase. And undoubtedly the growth of intelligence means the growth of peace, it is what the classical economists and philosophers meant by enlightened self-interest, but it surely can't happen if all the ppl with it remain in Boston. Actually, it has been the other way 'round - ppl educated elsewhere have come to America to make their fortunes, which they have unfortunately done by exploiting it. American colleges have indeed transited from class standing based on social standing to meritocracy (the churches which founded most of them needing more priests and ministers than could be found among the nobility), but with that has come a change in social structure and politics - in a word, democracy - that has both good and bad points, the merit not always comporting with equity. As was said, problem-solvers do not always get much of a reception here or in any old country. Yet the Vannevar Bush's disappeared. The Jerome Wiesner's certainly didn't help. It should be obvious to everyone that the US does not manufacture many things it did a half-century ago, and that nearly every ordinary purchase nowadays is made elsewhere, things that could be exported, and without a manufacturing base it is hard to maintain a competent workforce. Even in the area of hight-tech manufactures we are bested by countries like Germany. BUT, as I expected, this is yet another plea for money. Like health care, the reason why students cannot afford college is because of the unbridled spending and credit by the kind of social democrats these ladies apparently are. Money which does more to elevate the price of it, than to provide scholarships. Panhandling, should, in any case, be beneath them. But, of course, that's all anyone expects of college presidents these days.

mambo  11/10/2010 01:17 PM Report

Susan Hockfield is vastly overstating the degree of social mobility in the US by saying that "part of what we do very well [in the US] is [...] meritocracy, social mobility".

The Economist magazine ran a special report on meritocracy in America in December 2004 in which it concluded that "there is [...] growing evidence that America is less socially mobile than many other rich countries."

The Center for American Progress makes a similar claim:"By international standards, the United States has an unusually low level of intergenerational mobility: our parents’ income is highly predictive of our incomes as adults. Intergenerational mobility in the United States is lower than in France, Germany, Sweden, Canada, Finland, Norway and Denmark."

I often hear people praise the US meritocracy, but I come to the same conclusion as The Economist: "American society is much “stickier” than most Americans assume."