Mon, 2 October 2006 11:33 pm Comments (0)

Bad baseball and business follies

In the last two months of this dismal, astonishing season I’ve made a deliberate attempt to watch just two Cubs games in their entirety: one in person against the Cardinals in August, and then the last game of the season. Fortunately, they won both, and I was especially happy with the latter since, for some odd reason, I can feel somewhat satisfied in my Cubdom by finishing an otherwise disastrous season with a victory (especially at sun-splashed Wrigley with the ivy showing hints of color); perhaps it’s just knowing that the last innings for several months turned out well.

Anyway, as the Dusty Death March finally stood a day away from resolution there was yet another flurry of activity with Andy MacPhail’s announcement of his resignation, resulting in an hour of press questions for MacPhail, iterim prez John McDonnough, and Tribune Co. chariman Dennis Fitzsimmons. As I listened to the talk it dawned on me that the great Corporate Cubs Canard–the suits see fans in the seats win or lose, so they don’t care about winning since it might cost more money–was about to dominate the local sports news for a few days, especially since the management reins were being handed, at least temporarily, to the team’s (successful) VP of marketing.

A quick look at the papers this morning of course proved me right. Yet it just exasperates me, the argument is just so fricking ridiculous, especially when spewed from the mouths and keyboards of people who claim to understand both the business and on-field aspects of the sport.

Okay, I will concede that Tribune Co. isn’t going to feel a particular urgency to single out one of its assets for special attention, especially when it seems to be generating steady revenue year-in and year-out. Perhaps the general corporate short-term attitude has also crept into the Cubs’ front-office mentality and is preventing them from properly constructing longer-term plans to rebuild the whole organization. But in the 25 seasons of Tribune ownership the team has won three divisions, one wild-card berth, and twice been within a couple innings of the World Series. That’s a vast improvement over the previous 35 seasons under the stewardship of the Wrigley family, which makes it hard to argue that the ‘corprate mentality’ has hurt the team on the field.

Yet what I find utterly ridiculous about the notion that Tribune management is deliberately constructing mediocre-to-bad teams, and emphasizing Wrigley’s party atmosphere, over on-field success is the notion that a successful team is inherently less profitable than a bad one. Certainly, success leads to higher player salaries…but it also generates more interest, resulting in more prime-time playoff appearances (read: higher advertizing revenues) and the ability to bump up next season’s ticket prices. Yes, Connie Mack said that a team that gets off to a fast start, generates lots of interest, and then ultimately finishes fourth is nicely profitable because the money is taken in but management can hold the line on player salaries–but the key element is still some measure of success.

Moreover, did anyone pay attention to the buzz around Wrigleyville in the fall of 2003? The ringing of cash registers at souvenir stands well into November? The throngs of ticket-seekers on a cold February morning in 2004? Do people really think that cold, corporate calculation in Tribune Tower feels that the revenue potential of putting the Cubs–the long-standing doormats of the National League–into a sustained run of prime-time battles deep into the World Series would be lower than that of just running the world’s largest beer garden?

If those corporate suits were so smart and calculating as the armchair owners seem to think they are, here’s a more likely scenario for maximizing the profit potential. They would build up the team to the point where it would consistently take all three playoff series to the limit, thus maximizing the profit of each by playing all possible games whose net reciepts don’t need to be shared with the players. They would make the team just good enough to reach the 7th game but perhaps not good enough to win it, thus keeping everyone (players and fans alike) hungry while justifying both ticket-price increases and some dampening of players’ raises. They’d keep this up for several seasons, culminating in a World Series victory–after which the team would quickly be sold: the team’s valuation would be at a lofty premium, and Bill Veeck knew long ago that you don’t make money by operating a baseball team but rather by selling it.

Maybe I’m wrong, maybe there is a TribCo beancounter with a cost-benefit spreadsheet showing that the risks involved with such a scenario are too high compared with the current steady revenue stream. But, as in most human endeavors, it is probably incorrect to attribute the lack of success to calculated malice when it can just as easily be explained by incompetence and bad luck. The self-fulfilling prophecy of a goat’s curse probably has a lot more power, and longer life, than any corporate business model.

Mon, 27 February 2006 10:55 pm Comments (0)

Links, lauds, and lashings

  • Good to see that some of our politicians at least still have not only a sense of humor but the sense to realize that the public interest demands legislation based on something more than ‘I just don’t like X’.
  • Wait, turning down a potential windfall from Hummer because they don’t want to be associated with gas-guzzling aboniations? I thought all those lefty types were relativists with no values to guide their lives!
  • Actually, I hope the NSA has some success here. Striking the proper balance between civil liberties and police powers would be much easier if we had confidence that government agencies could actually get something useful from all the info they claim to need.
  • Nice to see Joey Cheek get some well-deserved recognition. After watching Bode Miller act like he didn’t care while Shani Davis and Chad Hendrick act like petulant children, at least its good to know that some people still appreciate the privileges and honors we often afford our athletes.
  • So, is this an example of good values or going soft on lawbreakers?
    (tags: USA law society)
  • Calling off a hunger strike for health reasons?!? WTF? I thought the whole point was to cause health problems that would lead to sympathy.
  • The Feds have the deficit, we’ve got our pension problems. Either way it’s gonna be a mess. How long until our legislators can no longer play with the appropriations numbers to ensure that the reckoning happens after they’re safely retired from office?
Sat, 11 February 2006 6:04 pm Comments (1)

Mounds of mortgage paperwork

Ugh, when’s the paperless society gonna be here again? I know they need to be thorough given the amounts of money involved, but the size of the stack of paper that makes up a loan application is astounding–especially since most of the pages boil down to “make sure you pay” and “if something goes wrong, we’re not responsible for anything”. I suppose I shouldn’t gripe too much: a generation ago (or maybe even just a decade?) the whole thing would have required actually spending a couple hours in someone’s office, while we’re able to do it all via telephone and fax and courier.

And yet we’ll probably have to sign and initial nearly as many pages come closing day.

Oh, well, at least the end result should be worth all the effort.

Mon, 7 November 2005 12:28 am Comments (1)

Science under seige?

Is the US Becoming Hostile to Science? It certainly seems that way, what with school districts and public officials being being stalked by intelligent design. (Although, apparently America doesn’t have a monopoly on the abuse of, or disdain for, science.)

But just when it seemed that some sanity had been restored by several ID supporters making some fools of themselves in the Dover school-district trial, by the Vatican speaking up to support science, and the urgent need to fight a possible bird-flu pandemic (hmm, it would be sadly ironic if millions of flu deaths were to provide a solid case in support of ongoing natural selection through random mutations.), out comes an attack on fundamental physics. Apparently a Harvard medic is claiming not just a breakthrough in power-generating technology but also that in doing so he’s disproven basic quantum theory. Now, maybe there’s no disputing that his contraption works, and if so that’s great. Perhaps it is coming from a heretofore unknown aspect of physics not properly described by current theory. But that’s a long way from destroying a major underpinning of modern physics, especially given his flimsy reasoning in that direction:

  • This result is impossible given current theory. Well, it wouldn’t be the first time a major theory of science required an adjustment in one area to explain an observation, that doesn’t mean the theory is completely wrong (hell, even some staunch ID campaigners don’t go that far). It might also be that someone made some computational or analytical mistakes, which also wouldn’t be a first.
  • I don’t have years of training in this area, so I’m an outsider who can look at things in a fresh way. Wow, nice bit of sophistry to turn the concept of an ‘expert’ on its ear. By this line of thinking, we would be best served if most people started working in any and all areas except for ones in which they’ve had years of training and experience! Certainly an outsider is helpful to prod people to look anew at topics dismissed in the past as ‘obvious’ or ‘uninteresting’, but that doesn’t seem to apply here as it’s not a qualitiative aspect that is under scrutiny. I can say from experience that even the basic quantum theory of the hydrogen atom is arcane and mathematically complex (there’s a reason it doesn’t usually come up until a junior/senior level physics course), so I’m really skeptical that anyone other than an absolute mathematical savant could suddenly come on the scene and calculate a value that has escaped a century’s worth of theoreticians and empiricists.
  • The entrenched scientists are only interested in protecting their pet theories. Ooh, this one’s a doozy. Certainly, physicsts at that level can sometimes be a petty lot, jealous of their star status as crafters of Important Theories. But ultimately they are interested in knowing the truth of nature. In contrast, this challenge to established quantum theory is coming from a group (filled with business types, not trained scientists, mind you) who want to make money of the technology and thus have every economic incentive to make it appear as if they have some new, profound understanding of the universe. Who do you think might be more worried about prestige and image? Didn’t the Cold Fusion debacle of the late 80’s teach anyone that science is more effective when done by scientists in controlled labs rather than via press release and VC prospectus?
Such rotten reasoning just goes to show that just because someone is a highly trained engineer or medical professional doesn’t necessarily mean they’re as sharp as the general public likes to think they are.

Fortunately, I can say that I took a walk through Battleground God and came through it with the assurance that I view and analyze the world in ways that are at least consistent and rational. Would that I weren’t in the minority in that regard.

Thu, 6 October 2005 9:37 pm Comments (0)

Sydney, $2 rides, wine driving, Field’s, Hyperion

My gripes and swipes return after a long Oz-induced absence! Reports of my trip Down Under start here, or if those are too much reading you can just go look at the pictures.
  • The rumblings began again today about the CTA’s desire to raise the standard fare to $2. Anyone surprised? Anyone not see this coming last May, or January, or last fall? Just raise the damn fare like should have been done last year and be done with it so we can at least have a couple years of peace before the CTA faces its next budget catastrophe! At least that way there may be some time to actually put some clueful management (and government officials) in place.
  • A Wine of Character, but How Many Miles to a Gallon?
    This wouldn’t be much of a story except for the mental picture of the French getting all tied in a knot over sandbagging some wine (and of course blaming it, at least in part, on those damn Americans). How is it that a bottle of cote-du-rhone goes for $1.40 there and $9 here? Anyway, I also found it amusing–althought slightly exasperating–to read descriptions of putting chardonnay, champagne, and pinot noir into the fuel tank, nevermind that all the good tasty bits that make any of them wine are completely removed by the time the ethanol comes out.
  • A Time For McCain?
    So the small-government right and the big-government left are equally exhausted. The only appealing political platform is good government.
    A great idea to rally behind. Unfortunately, between the legions of what’s-in-it-for-me voters and those who aren’t savvy enough to differentiate good public officials from bad (whether by analysis of rhetoric or performance), I fear that there won’t be enough collective gumption to vote proper people into office and accept the necessary sacrifices to move us from current state to ‘good government’.
  • ArchitectureChicago Plus Blog Overrun - The Death of Marshall Field’s and the Dissolution of the Sense of Place
    What saddened and irritated me about the Field’s decision was the absolute triumph of cold corporate mentality over any sense of cultural goodwill. The management decided that the intangible specialness felt by generations of Chicagoans simply couldn’t compete with the possiblity of the masses of non-Chicago management and shareholders could save a fraction of a penny per share in advertising costs. Instead, they absolutely know that I would rather save $1 per year with a much more nationally homogenized set of offerings. Wow, in the face of such amazing consideration of the wants and desires of the Chicago consumer…why would I want to give these people my business again?
  • An idea doesn’t have to be right to be important, so long as it gets people thinking in a new way.
    – Michael S. Turner on Alan Guth’s original inflation theory, S&T, November 2005
  • Cassini-Huygens flyby of Tethys and Hyperion
    Once again, Cassini provides us fantastic imagery!
Sat, 3 September 2005 5:00 pm Comments (0)

Wanted: Analytical skills for 300M people.

  • The Uses of ‘Activism’ ;   Teaching of Creationism Is Endorsed in New Survey
    A subtlety in the definition of democracy that is often overlooked is that majoritarianism is not required. Indeed, it should be imperative of any government to have mechanisms that can ignore or overrule the prevailing ‘will of the people’ when required, lest minorities or posterity be oppressed by political whims that arise from citizenry who may not be fully informed or enlightened enough to appreciate the full impact of their sentiments. When various options (or candidates, or whatever) are all essentially equivalent, then majority-rule is an appropriate way to make a decision. However, when proper analysis of facts and logic can show one to be superior, whether or not a majority of the populace actually like that result shouldn’t be a major factor; conversely, majority support for something provably fallacious shouldn’t matter, especially when few in that majority really have the knowledge and training to assess the concepts properly.
  • Most scientific papers are probably wrong
    I think an important difference between those with proper training in science and other forms of reasoning is that they won’t find this conclusion surprising–or, importantly, bothersome.
  • PowerPoint: Killer App?
    Of course the problem isn’t with PowerPoint per se, or even that it makes taking a set of too-sparse notes and expand them to a thirty-page deck complete with flashy graphics that obscures the fluffiness of the content ridiculously easy. No, the issue it’s used in situations where neither the presenter has the chops to make the content compelling nor the audience has the analytical skills to notice the weak argumentation. Ever notice that the horror stories come out of places like corporate boardrooms, the Pentagon, and high-level NASA managerial meetings rather than, say, university colloquia?
  • The Public Domain: Here Today, Gone Tomorrow
    While I respect Lessig’s opinions, this one seems a bit Cassandra-like. I’m sure there will come a point when the threat to the existence of a public domain will be obvious and critical enough for its protection to be in the interest of forces powerful enough to fight back vigorously. Still, it does make one think how the very existence of a distinction between copyrighted and public works is merely a legal construct and not one to be taken for granted.
4:59 pm Comments (0)

Social shaping, cajoling, and meddling

  • Irreplaceable Exuberance;   Inequality and Risk
    Leans towards supply-side economics, but presented from more of a human-nature point of view so I can sorta buy it. Certainly, innovation and progress require motivated people, and often that motivation is for profit. However, accepting that socioeconomic disparity is unavoidable doesn’t mean we can’t try to temper it; I’ll believe that heavy-handed government policy that tries to force redistribution is probably counterproductive in the long term, but we can certainly provide social pressures on those at the top of the scale to voluntarily decide when they have ‘enough’ and eagerly distribute their surplus to help out others.
  • Calif. Senate Passes Gay Marriage Bill
    A higher power created the institution of marriage.
    –Sen. Dennis Hollingsworth (R-San Diego)
    Um, then it really doesn’t matter what the legislature says, so why bother to rail and vote against the measure? Oh, that’s right, because Mr. Hollingsworth is wrong: marriage is in fact a construct of society and its laws, established and regulated by the statutes and constitutions of the several states.
  • Blair calls for better parenting
    Good sentiment, but I’m fairly certain that giving the state broad powers to intervene isn’t really going to be a major improvement. On the other hand, perhaps there should be a bit more scrutiny…I mean, why is it that one needs a license to cut and color hair but anyone can become a parent with no training whatsoever?
  • Day-After Pill Exposes FDA Rift
    The polticians-vs.-science angle here is obvious, but what struck me more in reading about this was the continued crusade against contraception, in particlar by those who continue to claim that access to it will encourage sexual activity. First off, it’s an untterly unproven assertion. Second, given the well-known inability of most teenagers to fully comprehend the consequences of their actions (beyond ‘getting caught’), it seems laughable that fear of pregnancy is the major factor that is stopping millions of horny American teenagers from getting it on. Finally, despite the claims of any particular religion, cultural rules and taboos about sexual activity are really just a form of ‘behavioral contreception’, and hence the most important concern should be to prevent pregancies among those who are incapable (or unwilling) to handle them properly.
  • The Road to Hell Is Clogged With Righteous Hybrids
    Had the Honda Civic hybrids not been a couple months away from production when I bought my car, I would have given it serious consideration. However, it’s become clear over the past couple of years that the technology is still several years (decades?) away from really being cost effective for all but a very small group of drivers in certain types of areas; it’s more of a feel-good purchase than anything else. Still, it’s good to see they are at least becoming mainstream, as that’s the first step towards ensuring future, better technologies will be adopted when their available. Until then, Tierney’s idea to base tolls and other sorts of road charges based on vehicle weight seems a great idea–although obvious in hindsight, the greater amount of road space required by SUVs on expressways never occurred to me.
Mon, 22 August 2005 11:34 pm Comments (0)

NCAA name follies, stress tech, rocket seeds

  • NCAA outlines appeals process for tribal mascots
    Glad to see they’re at least pretending that the recent edict won’t be a complete top-down dictatorship of the hyper-PC. However, even this will probabaly turn into a mess…consider my alma mater. A look at the tragic history of the Illini tribes shows that the University’s athletic moniker is essentially their last vestige. If there’s no one left to give blessing, is the school therefore denied any successful appeal? On the other hand, if there’s no one around to approve or protest, who is the team name offending? And if it’s more ‘generally offensive’, why stop at college sports teams? Should GM be forever banned from any association with college sports (or the dollars of the righteous) due to its appropriation of Pontiac? What about place names in the U.S. and Canada, often named after tribes and chiefs who lived hundreds or thousands of miles away? Shouldn’t the NCAA flee the state of Indiana altogether?
  • VR Goggles Heal Scars of War
    Good to see that some people are putting some advanced ideas into something that too often gets lost in the debates about war
    We spend a lot of money on training people and conducting war, We have to put what’s needed into helping these people when they come back.
  • NASA Launches Startups for Ships
    At this point in time, I don’t think there’s any doubt that robotic missions provide a much better cost/benefit ratio for science and engineering than do manned missions, so I would strongly prefer that NASA direct its (taxpayer) funding in that direction. But of course such cold reasoning can be thrown out the window when it comes to privately funded ventures–if some people with tens upon tens of millions of dollars to spare think a few moments of almost-orbital flight are worth the cost, who are we to argue? For NASA to provide seed money, coordination, and encouragement for private ventures to develop new vehicles seems like a wondeful idea. Perhaps the biggest obstacle to more routine manned missions is the efficiency, safety, and cost of propulsion technology, so expanding the base of people who will experiment and explore–even (especially?) if for reasons of vanity and thrill–might improve things more quickly than the centralized, bureaucratic process that is current NASA rocket science.
  • Bill in Congress to Overhaul Patent Law Seeks to Quell Suits
    Wow, rather than try to address the issues that lead to the filing (and granting) of frivolous and contentious patents, rather than expand upon our valuable first-to-invent concept, what goal does Congress set for revising the patent system? Change the rules so as to reduce the number of lawsuits that can happen. A brilliant example of treating the symptoms while ignoring the disease if I’ve ever heard one–not to mention why logical-, techical-minded people get so exasperated with politicians and lawyers.
Mon, 11 July 2005 9:43 pm Comments (0)

Amish tech, weasel words, Dubyanomics, locking windows

  • Look Who’s Talking
    Wired article describing how–and why–the Amish view, adopt, and reject technology. Enlightening. To me their views seem a bit extreme yet many of the underlying principles and goals seem quite valid.
  • Corporate Weasel Words
    Sad thing is that I’ve heard some of these with regularity. Worse is that I’ve actually used some too (but at least I felt dirty doing so).
  • Un-Spin the Budget
    Oh, my…
    To understand where the budget deficit came from, you can’t do better than the Jan. 18, 2001, issue of the satirical newspaper The Onion, which predicted the future with eerie precision. “We must squander our nation’s hard-won budget surplus on tax breaks for the wealthiest 15 percent,” the magazine’s spoof had the president-elect declare. “And, on the foreign front, we must find an enemy and defeat it.”
    When an economist cites The Onion as an accurate predictor of presidential policy, is that one of the signs of the apocalypse? It’s still very, very sad and wrong.
  • Dubya’s socioeconomic myopia regarding global warming
    What, me worry? Taking responsibility? Nah, not if it affects next quarter’s results.
  • Longhorn following Unix on security?
    About frickin’ time they learned the basic least-privilege security lessons that Unix learned a generation ago. The sad thing is that Windows user and file permissions have probably been granular enough–in some cases, even more so than Unix–to make most PCs vastly more secure than they are currently, but the allocation of those permissions has been so stupid–and vendors so reluctant to push changes lest they break logo compatibility–that securing a Windows box has been such a lingering issue. How many internet outages and lost dollars could have been prevented over the last 15 years had Microsoft had just a little more vision about publishing software that was properly designed rather than in accordance with marketing schedules?
Wed, 6 July 2005 10:18 pm Comments (0)

Comet crash, profits for good, silly science secrecy

  • Deep Impact encounter with P/Tempel 1

    movies: impactor view   flyby craft view
    Yeah, something about them seems like cheap animation or a child’s flipbook movie, yet the real science and engineering that generated them is fascinating.
  • Profits, A Penny At a Time
    Something seems slightly dirty about looking to the poor as a profit source, but just a moment of thought reveals that it’s not such a terrible idea–and might be the most pragmatic way to get needed goods and services to the low end of the economic scale. “These success stories begin with a recognition that poor people are like everyone else — they just have less money.” They’re no less inclined to allow someone else a profit, but the price points simply must be lower. Too bad–for all involved–that most First World business types seem too enamored of margin (and unacquainted with the concept of ‘enough’) to see the value of total profit.
  • Science Sunday: “security by secrecy” and biological research
    It never ceases to amaze–or exasperate–me how unenlightened people can be regarding the implications of open, honest analysis and debate. One of the most vital steps towards understanding a subject, even (especially?) a dangerous one, is to lay out what we do and don’t know. Anything that the Bad Guys can use against us can just as easily be used for us–perhaps more so if there are more of Us than Them. Besides, it’s not like the Bad Guys are simply waiting around for us to give them ideas before they start planning their damnable plots…
Tue, 8 February 2005 8:24 pm Comments (0)

Those astounding advertisers

Database mining, focus groups, product placement…American marketroids sureknow how to figure out what makes every consumer tick, how to personalize those campaigns to zero in on each individual’s wants and needs when it comes to spending money we’re all just dying to spend. As a shining example, check out the amazing slip of paper in my mailbox today addressed to

Head of Household
Pre-Selected Residence
Major US Market Area
Wow!! With such amazing personalization, how could I possibly refuse the offer inside? Clearly they know me very well and have tailored this offer just for my needs!

Sun, 6 February 2005 3:17 pm Comments (0)

Oh yeah, there’s even a football game involved

Bob Verdi, in today’s edition of the Chicago Tribune:

The NFL is built not on blocking and tackling but on marketing.

Whether the NFL has the best product is debatable, but there’s no argument about who has the best packaging.

Fri, 28 January 2005 11:04 pm Comments (1)

Tech project management: fear of failure begets failure

In the last couple of weeks I’ve been suffering through (too) many meetings about the Scope and Plan of the project on which I’m working, and its resurrected some thoughts I had back during my ITIL certification course in December and the various project-management courses I’ve taken. To some degree my irritation is simply due to the mentality that many scientists/engineers/programmers have–tell me what you want, let me do it, then accept and implement my findings–but I think there’s a little more to it than that. It appears to me that the outlook of business-side types on technical projects often has serious flaws which actually cause some of the difficulties encountered in managing said projects.

Despite the rigorous trappings that often surround them, scientific investigations, programming, and the like are at essence creative activities–they often rely on intuition and serendipity for the major breakthroughs. This aspect makes them inherently unpredictable in terms of effort and duration. Unfortunately business types crave predicatbility and certainty and thus seem to abhor vague (but correct) answers like ‘I don’t know’ or ‘It will be done when it’s finished’. The business person wants to believe that anything is possible given proper effort and resources, but this can come in conflict when the techical side isn’t convinced that some task is doable at all (let alone within stated time or budget constraints). To fall short of a desired goal, or to get there after more time or effort than originally planned, is a failure from the business perspective but simply a learning experience for the scientist or programmer.

Now, since real-world resources are of course limited, some sort of planning and budgeting is certainly reasonable. However, when dealing with a cutting-edge technical project the typical response to the fear of failure (in the business sense)–demand to know how much time and resources are necessary–plants the very seeds of failure: to pretend that the estimates for tasks whose true lifecycles are inherently volatile are known simply because they’re committed to a Microsoft Project file isn’t mitigation of risk, it’s merely gambling. No wonder that something on the order of 50% of techincal projects ‘fail’!

Wouldn’t a more open-ended approach (a la that nominally used in academia) be more appropriate for technical projects? Plan out the ‘true knowns’ in as much detail as possible, then set one or more review points at which progress will be assessed and then a decision made to continue–planning out the next phase based on the new set of ‘true knowns’ gleaned from the work done in the previous phase(s)–or to stop and devote resources to something different. How many organizations (e.g. Stanford University) would be better off today had they simply stopped throwing good money after bad to rescue disastrous ERP or CRM projects, written off their losses, analyzed their mistakes, and used the experiences to embark on better uses for their resources? Beyond the semantic issues, the redefinition of both ‘project’ and ’success’ could make the lives of both business and technical people much easier in many cases.

Thu, 20 January 2005 10:35 pm Comments (0)

Hey Ed and Dorothy, JPMorgan is not Simon Legree

To comply with a Chicago ordinance championed by Dorothy Tillman and
Ed Burke (?!) JPMorgan announced thatthey have found records of predecessor banks that received slaves as collateral. To repent, they’re going to set up a scholarship fund in Louisiana, which is fine.

Both aldermen blathered about how tragic this was and how important it is for the company to prostrate itself before the African-American portion of our society and work its damnedest to make amends.

Wha? Let’s see…a percursor of Bank One–just acquired late last year by JPMorgan–was a New Orleans bank that bought out the assets of a bank that failed in 1933 which had merged in 1924 from two antebellum Louisiana banks that had–legally–dealt with slave traders sixty-something years previous. How, exactly, does this make JPMorgan a stained company?

Yes, slavery was wrong, but we’ve fixed that now and continue to attempt to address its lingering effects. To use current mores to judge an extinct culture is unfair, and doubly so to use them against some entity with only a tenous connection to those times. Moreover, all the principals in any slave dealings in any transactions with any connection whatsoever to JPMorgan are long, long since dead. Note the connection, then move along…nothing to see here.

Sun, 9 January 2005 8:05 pm Comments (0)

NCAA graduation-rate penalties useless without help of NFL/NBA

NCAA president Myles Brand certainly raised some interesting points during his State of the NCAA speech this weekend. His call for better cost containment sounds eerily like something the Big Business types have been saying for the last couple of years (but really, money’s not what the NCAA’s about, no sir, honest). However, the bigger deal is a discussion about graduation rates and what can be done about it. Interestingly, recent studies indicate that when taken all together, student-athletes in Divisions I and II have a better graduation rate than the general student population. However, football and men’s basketball players graduate at a lower rate.

In an attempt to shift the focus back on the academic side, the NCAA is close to enacting a new regulation that could penalize programs with low graduation rates by reducing scholarships–up to 4 in football and one or two in basketball. Now, while this seems laudable, I’m skeptical about how well it can work even if the NCAA decides to make an honest, sustained effort to enforce it. The root of the problem is beyond their control: the NFL and NBA all but officially use the NCAA as their minor leagues. Unless and until those leagues either start up their own significant development leagues (a la those used by Major League Baseball, not the more loosely coupled operations of the CBA, NBDL, or NFL Europe) or make a determined effort to work with the NCAA to craft incentives for student-athletes to finish their studies, then many will simply use college sports as a stepping stone to the fame and riches provided by the pro leagues and will devote no more effort and time to academic studies than is absolutely necessary to maintain a couple years of eligibility. It doesn’t require an advanced degree to see that the NCAA’s best intentions will be in vain unless the NFL and NBA assist in altering the fundamental socioeconomic structure of these big money-making sports.