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Universities Have A 2025 Rendezvous With Reality

www.zerohedge.com 04-12-2024 12:15 4 Minutes reading
Universities Have A 2025 Rendezvous With Reality Authored by Victor Davis Hanson via American Greatness,Public confidence in universities has sharply declined due to rising costs, administrative bloat, ideological bias, student debt issues, and discrimination concerns...Universities have suffered a cataclysmic decline in public approval and support.A Gallup poll taken this year found that only 36 percent of Americans polled either expressed “a great deal” or “quite a lot” of confidence in higher education - once the agreed-on touchstone to upward mobility.Gifting to most universities has been down for two consecutive years.There is zero intellectual diversity on most university campuses.Speakers with conservative viewpoints are often either disinvited or shouted down—and worse.The federally guaranteed student loan program is in shambles. Some $1.7 trillion in outstanding loans were taken out by half of all college students.Nearly a fifth are now not being paid back.Marriage, child-rearing, and home ownership are all delayed by some 40 million indebted graduates, who can take decades to pay loans back.The Biden administration demagogued the issue by illegally granting rolling student loan amnesties to win votes just before both the midterm and general elections. That proposed debt relief would be covered by taxpayers, over half of whom never went to college.The expansion of student loan debt roughly correlates with universities raising their annual costs higher than the rate of inflation—largely due to administrative bloat.Although the Supreme Court recently struck down the practice of using race and gender to adjudicate applications and hiring, universities are already seeking ways to circumvent the ruling.Asian- and white-Americans for decades have been systematically, overtly, and supposedly with justification, discriminated against by ignoring or not requiring test scores and downplaying grade point averages.Stanford University may be representative of these crises.In the 2020 election, 94% of Stanford faculty voted for the Biden-Harris ticket. Four years later, some 96% of all Stanford-affiliated donations went to Democrats during the 2024 election season.Former Stanford law professors Joseph Bankman and Barbara Fried - parents of mega-Democratic donor and now imprisoned Sam Bankman-Fried, and recipients of millions in gifts from their felonious son—were reportedly heavily involved in either bundling large left-wing campaign donations or offering legal advice to their son’s bankrupt and Ponzi-like business.In 2023, a federal judge was shouted down at Stanford Law School, his lecture aborted and then hijacked - by a Stanford DEI administrator!Former Trump health advisor and Hoover Institution scholar Scott Atlas in 2020 was censured by the Stanford faculty.Yet subsequent events supported Atlas’s prescient warning that a complete lockdown of the country and the shutdown of K-12 schools would not only not retard the COVID epidemic but would cause far greater economic, social, cultural, and health damage than the virus itself.Two recent attempts to lift that censure failed - in part because some faculty claimed that to do so would empower the Trump reelection bid!In contrast, Stanford Professor Jeff Hancock, who founded the “Stanford Social Media Lab,” boasts he researches “how people use deception with technology.” Yet when liberal Minnesota officials wanted such “experts” to support their new law banning “deep fake” technology at election time, they called in the expert deception-detector Hancock.However, the references Hancock provided to prove his support for the law allegedly never existed.In fact, the lawyers who challenged his online expertise argued his sources apparently were invented by artificial intelligence software like ChatGPT.Who will police the deception police?Last academic year, anti-Israel Stanford students with impunity violated university rules and camped out for months in the free speech area, shouting and disrupting passersby.A small group of students occupied and trashed the president’s office and another vandalized historic campus architecture.After October 7, a Stanford lecturer was suspended for singling out and targeting Jewish students in his classroom.A Stanford faculty committee on anti-Semitism recently concluded, “The most existential problem at Stanford is the emergence of a general atmosphere in which Jewish and Israeli members of the Stanford community are denied dignity and respect based on their Jewish identities, denied treatment and protection afforded to other minority groups, and afforded equal respect and inclusion only if they denounce Israel in various ways and forms.”Can out-of-control universities reform?The incoming Trump administration has floated a variety of tough-love remedies.They include predicating hundreds of billions of dollars in federal grants on campuses’ adherence to the Bill of Rights, taxing the income on universities’ multibillion-dollar endowments, and removing the federal government from the student loan business.Recently, there have been a few hopeful signs that campuses are aware of the need to change.At Stanford, a new president was hired, widely respected for his singular commitment to disinterested education and freedom of expression.The SAT entrance exam is returning to many campuses and is still appreciated as crucial to most universities’ applications.A number of partisan elite college presidents have resigned in disgrace.So, hope springs eternal, even if it may be too little, too late. Tyler DurdenTue, 12/03/2024 - 19:15

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by zerohedge.com

The Musk-Led Manufacturing Revolution Nobody Is Talking About

The Musk-Led Manufacturing Revolution Nobody Is Talking About When most analysts discuss Tesla, they focus on new vehicles or the electric vehicle company’s advancements in autonomy. Yet, according to Launch i/o CEO Jeff Lutz, one of the most significant—and under-discussed—developments at Tesla is happening not in its design studios or on the road, but in its factories. Lutz, a former executive at Google and Motorola, argues that Tesla’s true innovation isn’t just the electric vehicles or robots it’s building, but how those products are being made. The company’s first-principles approach to manufacturing is a radical departure from the industry norm, focusing not just on cheap labor or existing models, but on rethinking the entire production process.Tesla is creating factories that are the product—designing, testing, and perfecting every element just as they do with their cars. This focus on manufacturing efficiency, Lutz believes, will lead to a dramatic reduction in production costs, potentially bringing them closer to zero. And this shift in how products are built—rather than merely assembled—could set a new standard for the entire manufacturing world..@thejefflutz to @farzyness: Tesla is Revolutionizing Manufacturing—And Few Are Talking About It"The most under-discussed thing in the analyst world about Tesla is not the new vehicles coming, nor the growing discussions about autonomy, but rather Tesla's next product: their... pic.twitter.com/a5a60vBxJR— CAPITAL (@capitalnewshq) December 25, 2024FARZAD MESBAHI: It's no wonder that innovation has been lacking so much it's because we've brute forced essentially manufacturing by leveraging globalization because we had that $2 an hour rate in China or Mexico wherever else like we're not like well we have to just get really good at building stuff to be competitive I was like nah just let him do it like we'll get get our margins just let them do it.JEFF LUTZ: The most under-discussed thing in the analyst world about Tesla is not the new vehicles coming, nor the growing discussions about autonomy, but rather Tesla's next product: their new way of manufacturing. It's a big deal, a huge step in how products are made today, and I don't think many investment firms have the right research people actually looking into what this impact is and what it's going to enable. It's going to enable the variable cost to build products to shrink further and further, approaching zero.This is the step function needed for cost reduction to achieve further scale, and I don’t think enough people are talking about it. It’s going to be how the Cybertruck is made, how Optimus will be made. Tesla versions its factories like they version their product. They spend time perfecting it and have design reviews of their factory designs just as they do with their products. They have specs and performance attributes they are trying to meet. This is very different from what happens at other companies at the executive level.FARZAD MESBAHI: This is such a profound statement beca...

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