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Victor Davis Hanson: What Happened To Stanford?

Victor Davis Hanson: What Happened To Stanford?

Authored by Victor Davis Hanson via AmGreatness.com,

The list of serial embarrassments at…

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Victor Davis Hanson: What Happened To Stanford?

Authored by Victor Davis Hanson via AmGreatness.com,

The list of serial embarrassments at Stanford reads like the suicides of Greek tragedy, where divine nemesis follows hubris...

Stanford was once one of the world’s great universities.

It birthed Silicon Valley in its prime. And along with its nearby twin and rival, UC Berkeley, its brilliant researchers, and teachers helped fuel the mid-20th-century California miracle.

That was then.

But like the descent of California, now something has gone terribly wrong with the university.

Students at Stanford Law School recently shouted down visiting Fifth Circuit Court of Appeals Judge Kyle Duncan. He had been invited to give a lecture by the school’s Federalist Society. 

The judge never even got the chance. The law school students drowned him out. They flashed obscene placards. They screamed that he was “scum.” One yelled he hoped the judge’s own daughters would be raped.

Others bellowed, “You’re not welcome here, we hate you!” “Leave and never come back!” “We hate FedSoc [Federal Society] students, f–k them, they don’t belong here either!” and “We do not respect you and you have no right to speak here! This is our jurisdiction!”

When the judge tried to reply, they drowned him out with “liar” and “scumbag.” Then, mission accomplished, they smugly stomped out.

Note these were ostensibly not teenaged undergraduates. Instead, they were wannabe adult professionals, in law school to learn jurisprudence and to enter the elite American legal system that is supposed to have protocols separating it from the mobocracies prevailing abroad.

One of those foundational principles is to honor the Constitution’s protection of free speech and expression—not to mention the ancient idea of respecting an invited guest, or the custom to treat with deference a federal judge, to say nothing of the duty to honor the codes and laws of the institution that they have chosen to join which prohibit disruption of lectures and any effort to drive out public speakers.

When an exasperated Justice Duncan called out for a university administrator to restore calm, his podium was instead hijacked by Associate Dean for Diversity, Equity, and Inclusion Tirien Steinbach. She then gave her own preplanned, scripted lecture that sided with the disruptive protesters! Quis custodiet ipsos custodes?

The diversity dean then turned on the speaker. She asked the startled judge whether it was even worth supporting his free speech rights, given he and his views were deemed abhorrent to the new absolutist Stanford.

Note well: DEI Deans normally do not attend law school lectures. She showed up because she apparently knew in advance that the law students would violate their own university’s codes of conduct and disrupt a speaker.

So she had planned, again in advance, to do nothing to stop them. Instead, she would prepare a performance-art speech for such a certainty, to chastise the speaker and defend the disrupters. She assumed correctly that none of the other administrators, who also strangely attended, would admonish her or the students for violating the laws of their own university. She apparently assumed, once more rightly, that her own leftist fides on campus would be enhanced.

So far neither the diversity dean nor the students have been disciplined by the university. When the dean of the law school, Jenny Martinez, offered an apology (but did not punish the students), most of her own class walked out on her. And dozens of Stanford’s law school students lined the corridor in attempts to intimidate her as if she was some sort of toxic pariah.

In a Soviet-style finale, the Acting Associate Dean of Students Jeanne Merino advised the Federalist Society students who were targeted by fellow law students that there were “resources that you can use right now to support your safety and mental health.” Then Merino directed them, inter alia, to none other than Diversity, Equity, and Inclusion Dean Tirien Steinbach herself, the very dean who had taken over the podium to lecture Judge Duncan!

The debacle revealed three disturbing characteristics about the Stanford law students:

One, they acted as if they were bullies and cowards. Videos of the mess showed how they turned mob-like in their chanting, flashing creepy placards, and, like Maoists, walking out on cue. Yet, when the judge fired back at their rudeness, like wounded fawns they took offense and pouted. And later, when there was mention that the names or photos of the protestors might be published, tit-for-tat, in the manner they themselves had put up posters of the Federalist Society members, they screamed that such exposure was unfair.

Two, they seem incompetent. To the degree there were any questions and answers, few knew how or even attempted to engage the judge on matters of the law and judicial theory. In other words, any grammar-school students could have matched their performance since it required no knowledge of the law, just an ability to chant and—in groupthink style—cry, scream, and mimic the majority.

Three, they were arrogant. One protestor blurted out that Justice Duncan probably could not have gotten into Stanford, as if their own puerile performance was proof of the school’s high standards of admission. That was obnoxious in addition to the fact that, as of recently, it may have become not so true. In July 2022, Stanford Law School announced that an uncharacteristic 14 percent of its graduates had flunked the California bar exam on their first attempt, a radical increase from past years. Four other California law schools—UC Berkeley, UCLA, UC Irvine, and USC—had a higher bar pass rate.

After watching the sad performance, one wonders who taught such rude and unimpressive people.

Ethics complaints were lodged last year against Stanford Law Professor Michele Dauber for tweeting a series of gross attacks on Camille Vasquez (“some Pick Me Girl lawyer”), the widely regarded attorney of Johnny Depp. Law professor Dauber also tweeted sick fantasies about Depp’s death—and imagined the actor’s corpse would “end up in a trash can eaten by rats.” Was she the sort of model that the law students had emulated?

Then there was Professor Pamela Karlan’s 2019 testimony before the House Judiciary Committee’s hearing on the impeachment of President Trump. Off-topic and gratuitously, Karlan weirdly attacked the name of the president’s youngest son, Barron Trump: “While the president can name his son Barron, he can’t make him a baron.” Was that the sort of puerility that the law students sought to embrace?

In 2021, a graduating Stanford law student sent the law school student body a bogus call to violence as if it was authored by the school’s small conservative Federalist Society. The fake call to arms read in part: “The Stanford Federalist Society presents: The Originalist Case for Inciting Insurrection . . . Riot information will be emailed the morning of the event . . . ” Was that the sort of smear that the law students learned?

TIMOTHY A. CLARY/AFP via Getty Images

Sam Bankman-Fried, the architect of the $26 billion FTX cryptocurrency meltdown that destroyed the livelihoods of thousands, is the son of two other Stanford Law School professors. Somehow they were involved in the Bankman-Fried family’s acquisition of a $16.4 million vacation home gifted to them from FTX shortly before it imploded.

According to the New York Times, both parent professors were intimately involved in their son’s multibillion-dollar business, either directly or through gifts to one parent’s political donor network:

He [Professor Bankman] and his wife, the Stanford Law professor Barbara Fried, were more than just supportive parents backing their child’s business. Mr. Bankman was a paid FTX employee who traveled frequently to the Bahamas, where the exchange was based. Ms. Fried did not work for the company, but her son was among the donors in a political advocacy network that she orchestrated.

Were these the ethical models that had influenced the law students?

Bankman-Fried is currently out on a $250 million bond and living under bond on the Stanford campus. He is out, in part, because two Stanfordites, former law school dean Larry Kramer and Andreas Paepcke, a Stanford senior research scientist, put up a $500,000 guarantee. Former Stanford student Caroline Ellison, a partner with Sam Bankman-Fried in his various financial collapses, has pled guilty to conspiracy to commit wire fraud, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, and conspiracy to commit money laundering, and is now working with prosecutors. 

Perhaps the law school should not be singled out since it simply reflects what appears to be symptomatic of a once-great university’s freefall.

Philip Pacheco/Getty Images

A former Stanford student Elizabeth Holmes was recently sentenced to a long prison term for defrauding investors in connection with her company Theranos. She had fraudulently claimed to have invented a “revolutionary” miniaturized blood testing device. Many of her corporation’s oversight board members were drawn from the Stanford community.

The Wall Street Journal recently ridiculed a Stanford university group’s publication of a taboo vocabulary list (“Elimination of Harmful Language Initiative”). “Harmful” words supposedly unwelcome at Stanford included inflammatory expressions such as “American” and “immigrant.”

The Journal also noted that perhaps the cause of such Orwellianism was too many idle administrators chasing too few students: “For 16,937 students, Stanford lists 2,288 faculty and 15,750 administrative staff.”

More disturbing was the revelation of a “snitch list.” The harmful language initiative apparently is tangential to another new idea of rewarding Stanford snitches who feel offended by hurtful expression. Or, as the so-called “The Protected Identity Harm (PIH) Reporting” system put it, software will monitor campus speech and even offer “financial rewards for finding/reporting” any who supposedly violate approved language usage.

Was this the sort of campus experience that the parents of Stanford students pay for at about $90,000 per year?

Stanford was also plagued by a recent admissions scandal when a former head sailing coach accepted donations to his Stanford sailing program in exchange for trying to help two students’ admission applications. 

Tom Williams/CQ Roll Call

Then there were campus attacks on a pair of eminent Stanford public health experts, Drs. Scott Atlas and Jay Bhattacharya. Both were pilloried mercilessly by some of the Stanford faculty and administration for daring to doubt the efficacy of what has proved to be disastrous government-enforced COVID quarantines and school shutdowns.

Yet the arguments of Atlas and Bhattacharya—the science does not support the mandatory use of masks to halt the pandemic, natural immunity was as efficacious as or superior to vaccine-induced immunity, the vaccinations would not offer lasting protection against either being infected or infecting someone else, and the quarantine lockdowns would cause more damage and death (familial abuse, suicides, substance abuse, mental depression, uneducated children, economic catastrophe, millions of missed surgeries, screenings, tests, and doctor’s appointments) than the virus itself—were all eventually substantiated.

Neither doctor received apologies from the administrators, faculty, or students who attacked them.

Currently Stanford’s long-serving president Marc Tessier-Lavigne—an accomplished neuroscientist—has been attacked serially by the Stanford Daily campus newspaper, which has called for his resignation. It alleges the president was culpable of scholarly misconduct concerning the publication of a joint research paper decades ago. The charges are not proven and remain under investigation. But they make it difficult for a president to weigh in on the above controversies when some faculty and the student newspaper are serially calling for him to step down for ethics violations. 

In July 2020, a Stanford visiting neurology researcher, Chen Song, was arrested for not disclosing that she had apparently been an agent of China’s People’s Liberation Army. Stanford had also been investigated by the Department of Education for some $64 million in alleged Chinese-affiliated donations over a decade, all from previously unnamed, unidentified, and anonymous Chinese donors, most of them believed to be government associated.

The list of serial embarrassments reads like the suicides of Greek tragedy, where divine nemesis follows hubris. In this case, overweening intolerant ideology has sabotaged disinterested inquiry and meritocracy. Arrogance and sanctimoniousness lead Stanford to continue down this spiral—rather than pause, reflect, and redirect—and thereby only compound the public ridicule.

Stanford’s once-justified reputation for civility, transparency, tolerance, and professional ethics has been shredded before a global audience.

Given its hallowed history, and the university’s vital global role in cutting-edge research, medicine, and professional training, something has to change—before it is too late.

The university requires an array of compulsory workshops that faculty and many students must undergo. But given these recent debacles, perhaps two additional new training sessions are needed: required ethics instruction and a mandatory anger-management seminar.

Tyler Durden Tue, 03/21/2023 - 19:25

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February Employment Situation

By Paul Gomme and Peter Rupert The establishment data from the BLS showed a 275,000 increase in payroll employment for February, outpacing the 230,000…

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By Paul Gomme and Peter Rupert

The establishment data from the BLS showed a 275,000 increase in payroll employment for February, outpacing the 230,000 average over the previous 12 months. The payroll data for January and December were revised down by a total of 167,000. The private sector added 223,000 new jobs, the largest gain since May of last year.

Temporary help services employment continues a steep decline after a sharp post-pandemic rise.

Average hours of work increased from 34.2 to 34.3. The increase, along with the 223,000 private employment increase led to a hefty increase in total hours of 5.6% at an annualized rate, also the largest increase since May of last year.

The establishment report, once again, beat “expectations;” the WSJ survey of economists was 198,000. Other than the downward revisions, mentioned above, another bit of negative news was a smallish increase in wage growth, from $34.52 to $34.57.

The household survey shows that the labor force increased 150,000, a drop in employment of 184,000 and an increase in the number of unemployed persons of 334,000. The labor force participation rate held steady at 62.5, the employment to population ratio decreased from 60.2 to 60.1 and the unemployment rate increased from 3.66 to 3.86. Remember that the unemployment rate is the number of unemployed relative to the labor force (the number employed plus the number unemployed). Consequently, the unemployment rate can go up if the number of unemployed rises holding fixed the labor force, or if the labor force shrinks holding the number unemployed unchanged. An increase in the unemployment rate is not necessarily a bad thing: it may reflect a strong labor market drawing “marginally attached” individuals from outside the labor force. Indeed, there was a 96,000 decline in those workers.

Earlier in the week, the BLS announced JOLTS (Job Openings and Labor Turnover Survey) data for January. There isn’t much to report here as the job openings changed little at 8.9 million, the number of hires and total separations were little changed at 5.7 million and 5.3 million, respectively.

As has been the case for the last couple of years, the number of job openings remains higher than the number of unemployed persons.

Also earlier in the week the BLS announced that productivity increased 3.2% in the 4th quarter with output rising 3.5% and hours of work rising 0.3%.

The bottom line is that the labor market continues its surprisingly (to some) strong performance, once again proving stronger than many had expected. This strength makes it difficult to justify any interest rate cuts soon, particularly given the recent inflation spike.

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Mortgage rates fall as labor market normalizes

Jobless claims show an expanding economy. We will only be in a recession once jobless claims exceed 323,000 on a four-week moving average.

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Everyone was waiting to see if this week’s jobs report would send mortgage rates higher, which is what happened last month. Instead, the 10-year yield had a muted response after the headline number beat estimates, but we have negative job revisions from previous months. The Federal Reserve’s fear of wage growth spiraling out of control hasn’t materialized for over two years now and the unemployment rate ticked up to 3.9%. For now, we can say the labor market isn’t tight anymore, but it’s also not breaking.

The key labor data line in this expansion is the weekly jobless claims report. Jobless claims show an expanding economy that has not lost jobs yet. We will only be in a recession once jobless claims exceed 323,000 on a four-week moving average.

From the Fed: In the week ended March 2, initial claims for unemployment insurance benefits were flat, at 217,000. The four-week moving average declined slightly by 750, to 212,250


Below is an explanation of how we got here with the labor market, which all started during COVID-19.

1. I wrote the COVID-19 recovery model on April 7, 2020, and retired it on Dec. 9, 2020. By that time, the upfront recovery phase was done, and I needed to model out when we would get the jobs lost back.

2. Early in the labor market recovery, when we saw weaker job reports, I doubled and tripled down on my assertion that job openings would get to 10 million in this recovery. Job openings rose as high as to 12 million and are currently over 9 million. Even with the massive miss on a job report in May 2021, I didn’t waver.

Currently, the jobs openings, quit percentage and hires data are below pre-COVID-19 levels, which means the labor market isn’t as tight as it once was, and this is why the employment cost index has been slowing data to move along the quits percentage.  

2-US_Job_Quits_Rate-1-2

3. I wrote that we should get back all the jobs lost to COVID-19 by September of 2022. At the time this would be a speedy labor market recovery, and it happened on schedule, too

Total employment data

4. This is the key one for right now: If COVID-19 hadn’t happened, we would have between 157 million and 159 million jobs today, which would have been in line with the job growth rate in February 2020. Today, we are at 157,808,000. This is important because job growth should be cooling down now. We are more in line with where the labor market should be when averaging 140K-165K monthly. So for now, the fact that we aren’t trending between 140K-165K means we still have a bit more recovery kick left before we get down to those levels. 




From BLS: Total nonfarm payroll employment rose by 275,000 in February, and the unemployment rate increased to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in government, in food services and drinking places, in social assistance, and in transportation and warehousing.

Here are the jobs that were created and lost in the previous month:

IMG_5092

In this jobs report, the unemployment rate for education levels looks like this:

  • Less than a high school diploma: 6.1%
  • High school graduate and no college: 4.2%
  • Some college or associate degree: 3.1%
  • Bachelor’s degree or higher: 2.2%
IMG_5093_320f22

Today’s report has continued the trend of the labor data beating my expectations, only because I am looking for the jobs data to slow down to a level of 140K-165K, which hasn’t happened yet. I wouldn’t categorize the labor market as being tight anymore because of the quits ratio and the hires data in the job openings report. This also shows itself in the employment cost index as well. These are key data lines for the Fed and the reason we are going to see three rate cuts this year.

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Inside The Most Ridiculous Jobs Report In History: Record 1.2 Million Immigrant Jobs Added In One Month

Inside The Most Ridiculous Jobs Report In History: Record 1.2 Million Immigrant Jobs Added In One Month

Last month we though that the January…

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Inside The Most Ridiculous Jobs Report In History: Record 1.2 Million Immigrant Jobs Added In One Month

Last month we though that the January jobs report was the "most ridiculous in recent history" but, boy, were we wrong because this morning the Biden department of goalseeked propaganda (aka BLS) published the February jobs report, and holy crap was that something else. Even Goebbels would blush. 

What happened? Let's take a closer look.

On the surface, it was (almost) another blockbuster jobs report, certainly one which nobody expected, or rather just one bank out of 76 expected. Starting at the top, the BLS reported that in February the US unexpectedly added 275K jobs, with just one research analyst (from Dai-Ichi Research) expecting a higher number.

Some context: after last month's record 4-sigma beat, today's print was "only" 3 sigma higher than estimates. Needless to say, two multiple sigma beats in a row used to only happen in the USSR... and now in the US, apparently.

Before we go any further, a quick note on what last month we said was "the most ridiculous jobs report in recent history": it appears the BLS read our comments and decided to stop beclowing itself. It did that by slashing last month's ridiculous print by over a third, and revising what was originally reported as a massive 353K beat to just 229K,  a 124K revision, which was the biggest one-month negative revision in two years!

Of course, that does not mean that this month's jobs print won't be revised lower: it will be, and not just that month but every other month until the November election because that's the only tool left in the Biden admin's box: pretend the economic and jobs are strong, then revise them sharply lower the next month, something we pointed out first last summer and which has not failed to disappoint once.

To be fair, not every aspect of the jobs report was stellar (after all, the BLS had to give it some vague credibility). Take the unemployment rate, after flatlining between 3.4% and 3.8% for two years - and thus denying expectations from Sahm's Rule that a recession may have already started - in February the unemployment rate unexpectedly jumped to 3.9%, the highest since February 2022 (with Black unemployment spiking by 0.3% to 5.6%, an indicator which the Biden admin will quickly slam as widespread economic racism or something).

And then there were average hourly earnings, which after surging 0.6% MoM in January (since revised to 0.5%) and spooking markets that wage growth is so hot, the Fed will have no choice but to delay cuts, in February the number tumbled to just 0.1%, the lowest in two years...

... for one simple reason: last month's average wage surge had nothing to do with actual wages, and everything to do with the BLS estimate of hours worked (which is the denominator in the average wage calculation) which last month tumbled to just 34.1 (we were led to believe) the lowest since the covid pandemic...

... but has since been revised higher while the February print rose even more, to 34.3, hence why the latest average wage data was once again a product not of wages going up, but of how long Americans worked in any weekly period, in this case higher from 34.1 to 34.3, an increase which has a major impact on the average calculation.

While the above data points were examples of some latent weakness in the latest report, perhaps meant to give it a sheen of veracity, it was everything else in the report that was a problem starting with the BLS's latest choice of seasonal adjustments (after last month's wholesale revision), which have gone from merely laughable to full clownshow, as the following comparison between the monthly change in BLS and ADP payrolls shows. The trend is clear: the Biden admin numbers are now clearly rising even as the impartial ADP (which directly logs employment numbers at the company level and is far more accurate), shows an accelerating slowdown.

But it's more than just the Biden admin hanging its "success" on seasonal adjustments: when one digs deeper inside the jobs report, all sorts of ugly things emerge... such as the growing unprecedented divergence between the Establishment (payrolls) survey and much more accurate Household (actual employment) survey. To wit, while in January the BLS claims 275K payrolls were added, the Household survey found that the number of actually employed workers dropped for the third straight month (and 4 in the past 5), this time by 184K (from 161.152K to 160.968K).

This means that while the Payrolls series hits new all time highs every month since December 2020 (when according to the BLS the US had its last month of payrolls losses), the level of Employment has not budged in the past year. Worse, as shown in the chart below, such a gaping divergence has opened between the two series in the past 4 years, that the number of Employed workers would need to soar by 9 million (!) to catch up to what Payrolls claims is the employment situation.

There's more: shifting from a quantitative to a qualitative assessment, reveals just how ugly the composition of "new jobs" has been. Consider this: the BLS reports that in February 2024, the US had 132.9 million full-time jobs and 27.9 million part-time jobs. Well, that's great... until you look back one year and find that in February 2023 the US had 133.2 million full-time jobs, or more than it does one year later! And yes, all the job growth since then has been in part-time jobs, which have increased by 921K since February 2023 (from 27.020 million to 27.941 million).

Here is a summary of the labor composition in the past year: all the new jobs have been part-time jobs!

But wait there's even more, because now that the primary season is over and we enter the heart of election season and political talking points will be thrown around left and right, especially in the context of the immigration crisis created intentionally by the Biden administration which is hoping to import millions of new Democratic voters (maybe the US can hold the presidential election in Honduras or Guatemala, after all it is their citizens that will be illegally casting the key votes in November), what we find is that in February, the number of native-born workers tumbled again, sliding by a massive 560K to just 129.807 million. Add to this the December data, and we get a near-record 2.4 million plunge in native-born workers in just the past 3 months (only the covid crash was worse)!

The offset? A record 1.2 million foreign-born (read immigrants, both legal and illegal but mostly illegal) workers added in February!

Said otherwise, not only has all job creation in the past 6 years has been exclusively for foreign-born workers...

Source: St Louis Fed FRED Native Born and Foreign Born

... but there has been zero job-creation for native born workers since June 2018!

This is a huge issue - especially at a time of an illegal alien flood at the southwest border...

... and is about to become a huge political scandal, because once the inevitable recession finally hits, there will be millions of furious unemployed Americans demanding a more accurate explanation for what happened - i.e., the illegal immigration floodgates that were opened by the Biden admin.

Which is also why Biden's handlers will do everything in their power to insure there is no official recession before November... and why after the election is over, all economic hell will finally break loose. Until then, however, expect the jobs numbers to get even more ridiculous.

Tyler Durden Fri, 03/08/2024 - 13:30

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