MediaWeek (Vol 5, No 33 ) The Cost of Higher Education in the US - Chronicle, Economist, Bain + More

The problem with the cost of education in the US (Economist):

A crisis in higher education has been brewing for years. Universities have been spending like students in a bar who think a Rockefeller will pick up the tab. In the past two years the University of Chicago has built a spiffy new library (where the books are cleverly retrieved by robots), a new arts centre and a ten-storey hospital building. It has also opened a new campus in Beijing.

And it is not alone. Universities hope that vast investments will help them attract the best staff and students, draw in research grants and donations, and ultimately boost their ranking in league tables, drawing in yet more talent and money. They have also increased the proportion of outlays gobbled up by administrators (see chart 2).

To pay for all this, universities have been enrolling more students and jacking up their fees. The average cost of college per student has risen by three times the rate of inflation since 1983. The cost of tuition alone has soared from 23% of median annual earnings in 2001 to 38% in 2010. Such increases plainly cannot continue.

And The Chronicle also takes a look at the sober truth exacerbated by the slow economy (Chron):

This anecdotal evidence seems to be supported by reports in the past several weeks on the financial state of higher education. An analysis by Bain & Company and the private-equity firm Sterling Partners found that one-third of all colleges and universities in the United States face financial statements that are significantly weaker than before the recession and find themselves on an unsustainable fiscal path. Another quarter of colleges are at serious risk of joining them.

Meanwhile, two major credit-rating agencies, Standard & Poor’s and Moody’s Investors Service, released warnings that put a negative outlook on all but the name-brand market leaders in higher education. “We’re seeing prolonged, serious stress,” Karen Kedem, a vice president and senior analyst at Moody’s, told me.⁠ What is significant about the move by Moody’s is that it typically rates only colleges with strong balance sheets to begin with.

Here is that link to the Bain report:

Despite this success, talk of a higher education “bubble” has reached a fever pitch in the last year. The numbers are very familiar by now: Annual tuition increases several times the rate of inflation have become commonplace. The volume of student loan debt has surpassed $1 trillion and is now greater than credit card debt. Most college and university presidents, as well as their boards, executive teams and faculty members, are well aware that a host of factors have made innovation and change necessary.

Last month Blackboard held their annual get together and Inside Higher have a podcast of the highlights

In this month's edition of The Pulse podcast, Rod Murray discusses highlights from the annual Blackboard World 2012 gathering, including information on its new products, services and applications.

From FT writer Simon Schama a contrasting views of the US and UK popular reaction to the games (FT):

At a time when the gap between rich and poor is growing wider, the educational prospects for minorities are loaded with prohibitive debt, when democracy has become the catspaw of plutocrats; what the American people want from the strength, grace and resolution of their athletics is one place where the founding promise of upward social mobility, that Dream thing, is not a sick joke. In the republic of exertion the dream comes true. You have your gift, you work it to the max; you bring it to the day; you breast the tape, touch the lip of the pool, you let yourself weep as the Star Spangled Banner plays and you fold it about your shoulders – and it feels still that there is a place for young Americans, against whom the odds have never been more brutally stacked, to be winners.

If anything, there’s even more at stake for the British. The economy is flatlining; the coalition seems to have lost the plot. Yet from Danny Boyle’s Fabian extravaganza to the sudden cascade of golds that began with Heather and Helen sitting in their boat looking as ecstatically amazed as all the rest of us, a startled, almost embarrassed, suspicion, that the British could actually be world beaters by being themselves, began to dawn.

Coelho has a go at James Joyce and The Economist's Prospero takes exception:

The above two quotes neatly show the dividing line in this latest literary skirmish. Mr Coelho and Salman Rushdie are the same age, are widely read and employ magical realism in their work. Both authors have received prestigious international prizes, and find inspiration in the Bible and "One Thousand and One Nights". But only one of them credits his sources, writes literature, and worships James Joyce.

Another line worth quoting is Mr Coelho’s dictum that a writer has “a duty and an obligation never to be understood by his own generation.” Let’s see here…hmmm...Joyce was the very picture of a starving artist, a virtual exile from his own country, accused of pornography and reviled in his lifetime (and occasionally since) as a writer of unreadable books. Mr Rushdie is similarly big in Tehran. The impossibly avuncular Mr Coelho, on the other hand, may be the Most Understood Author on the planet. Every Coelho bookcover trumpets his success, wooing potential buyers with the promise that he has sold hundreds of millions of copies in over a 160 nations, translated into over 72 languages—the most by a living writer, Guinness confirmed. One wonders if his business card touts: “Over 150 Million Served.

From my twitter feed this week:

Amazon Stops Processing Payments For Crowdfunding Platform For Creative Commons Books http://dlvr.it/1zQPpr

Adam Gopnik remembers Robert Hughes: "One of the indispensable mavericks of modern humanism." New Yorker

Amazing: 'History Man' - the front page of tomorrow's Sunday Telegraph Telegraph

MediaWeek (Vol 5, No 25): Coherent Marketing, Analyzing Email, Library Futures and Congress + More

Strategy+Business has an interesting article titled "How to be a more Coherent Marketer" (S+B)

Many of our respondents pointed to the importance of developing senior marketing executives with traits that will enable them to evolve as the scope of their responsibilities changes. For instance, best-in-class senior marketing leaders demonstrate a collaborative and participative leadership style. They tend to be approachable and informal. When making decisions and solving problems, these leaders demonstrate an ability to combine creativity and decisiveness, and are comfortable with complexity and ambiguity. Success comes from encouraging behaviors that yield the desired results. Google Inc. understands this better than most companies. To encourage innovation and agility, the company requires employees to spend 20 percent of their time on projects of their own choosing.

But attracting the right talent is only one part of the equation. People need to see how their roles will evolve over time if they are going to stay with the company and remain productive and creative contributors. Survey respondents who described their company as a leader in its respective market were more likely than self-described market followers to be focused on providing a competitive career path for marketing employees. For example, in shifting its talent system to address a shortage of leaders, Royal Dutch Shell PLC identified talent within the company by focusing on technical skills and leadership ability. The development program was customized for frontline, midlevel, and executive staffers, and was incorporated into the company’s university relations and diversity initiatives.

Interesting analysis showing how information flows within an organization using Enron as an example (Atlantic):

What does this show? This is a picture of how information moved across Enron's hierarchy, as indicated by the thickness of the tie. The authors of the study, Tanushree Mitra and Eric Gilbert of Georgia Tech, have divvied Enron's employees into seven levels, zero being the lowest ("employees") and six being the highest (president and CEO). Level five includes all the vice presidents and directors; level four are the in-house lawyers. In the graphic, you can see that the plurality of the information circulates among the level-zero employees (the thick gray bar connecting the two zeroes). "Employees at the lowest level play a prime role in circulating gossip throughout the hierarchy," the authors conclude. Additionally, a substantial amount of the information that flows up goes straight to the very top, and a substantial amount that flows down goes straight to the very bottom. None of the lines seems particularly mutual: For every combination of rank, there is an imbalance in who is doing the talking and who is doing the listening.

Summary of a talk by Roy Tennant (OCLC) on how libraries need to prepare themselves (Info Space)

Funding for academic libraries is dwindling while competitors are popping up everywhere. Accessing e-content is ridiculously complicated and fraught. Library staff have the wrong skills. Today, students and faculty have lots of easy ways to find the same stuff they used to rely on a library to provide. Tennant said that these issues, along with new mandates for higher ed, are changing the roles of libraries on campuses. Rather than see these challenges as burdens, Tennant told his audience, a group of academic librarians and library students, to see them as an invitation to innovation, a kick in the butt. (My words, not his, but I think he’ll approve.)

Sticking with that theme, from ArsTechnica a discourse on the future of libraries (Ars):

This transition time is one of great opportunity for those involved in libraries, but all transitions, all borders and verges, are places of great vulnerability as well. Grand changes are possible here, but so are operatic failures. The future seems promising. It’s the present that worries some librarians.

“The myth that the information scholars need for research and teaching is, or soon will be available for free online is a dangerous one,” said Bourg, “especially when it is used as an excuse to cut funding to libraries. Right now libraries face enormous but exciting challenges in maintaining print collections and services where they are still necessary, while simultaneously developing strategies for collecting, preserving, organizing, and providing access to digital objects. I fear that if libraries across the nation don’t get the resources we collectively need to meet these challenges that we may be at risk of losing big chunks of our cultural record because of a lack of funding for digital collecting and preservation.

The Library of Congress may be under fire for bad financial management (Gov Executive)

While spending is under scrutiny, the library is seriously stretched for space. No funding for future buildings has been appropriated, and while the collection in Landover, Md., will be able to hold a million books after a completed renovation in October, the library adds 250,000 books and periodicals a year, so the fight for space remains.

The inspector general’s office reported that librarians are storing books on the floor, double- and triple-shelving materials, and keeping rare and valuable collections in nonsecure areas. The Asian Division, which grew out of its designated secure space, recently lost a valuable scroll that was kept in a cage, but the scroll was later mysteriously returned. During the search for the scroll, the inspector general’s office also discovered a number of valuable artifacts left out in vulnerable locations.

Congress appropriated $587.3 million in taxpayer dollars to the Library of Congress for fiscal 2012, a portion of which went to contractors. Schornagel did not reveal which specific contracts had not been sent out for bids, but he did say that library contracts often carried hefty price tags, such as $40 million for an IT contract and more than $50 million for talking-book machines for the blind and disabled.

Novelist Richard Ford interviewed in the Observer

In the book, Canada becomes a sort of promised land, a refuge. There is a line characters cling to: "Canada was better than America and everyone knew that - except Americans." Is that how it feels to you?

I never had much conceptual idea of Canada being better. But whenever I go there, I feel this fierce sense of American exigence just relent. America beats on you so hard the whole time. You are constantly being pummelled by other people's rights and their sense of patriotism. So the American's experience of going to Canada, or at least my experience, is that you throw all that clamour off. Which is a relief sometimes.

How does that sentiment go down among American readers?

Last night, I was in New Orleans at this book party full of local oligarchs, a charity group. I was trying to tell them why I called the book Canada, and I said this stuff about America beating on you and I saw a lot of unfriendly faces in the room. There is this very strong "If you are not for us, you are against us" feeling in America just now. Perhaps there always has been. You are not allowed to complain. Or even have a dialogue. But if a novel is there for anything I believe that is what it has to induce.

From my twitter feed this week:

James Joyce's Ulysses - reviews from the archive http://gu.com/p/38bkn/tw

These historical photographs from the New York City Municipal Archive are fantastic: http://theatln.tc/NyBuRP

BookExpo America Report: Book Publishing Begins Anew as a Startup and Growth Industry http://soc.li/4eby85E

Teen inmates pen graphic novel about escaping criminal life http://bit.ly/NQw7v3

MediaWeek (Vol 5, No 23): Amazon, Achilles, Ulysses +More

In a heavily retweeted article, The Nation takes a look at The Amazon Effect.  In the process, the author seems to rely a lot on what Jason Epstein had to say.  (Not that there's anything wrong with that).

Jeff Bezos got what he wanted: Amazon got big fast and is getting bigger, dwarfing all rivals. To fully appreciate the fear that is sucking the oxygen out of publishers’ suites, it is important to understand what a steamroller Amazon has become. Last year it had $48 billion in revenue, more than all six of the major American publishing conglomerates combined, with a cash reserve of $5 billion. The company is valued at nearly $100 billion and employs more than 65,000 workers (all nonunion); Bezos, according to Forbes, is the thirtieth wealthiest man in America. Amazon may be identified in the public mind with books, but the reality is that book sales account for a diminishing share of its overall business; the company is no longer principally a bookseller. Amazon is now an online Walmart, and while 50 percent of its revenues are derived from music, TV shows, movies and, yes, books, another 50 percent comes from a diverse array of products and services. In the late 1990s Bezos bought IMDb.com, the authoritative movie website. In 2009 he went gunning for bigger game, spending nearly $900 million to acquire Zappos.com, a shoe retailer. He also owns Diapers.com, a baby products website. Now he seeks to colonize high-end fashion as well. “Bezos may well be the premier technologist in America,” said Wired, “a figure who casts as big a shadow as legends like Bill Gates and the late Steve Jobs.”

Tales of brave Achilles: From the Observer a discussion of the continued popularity of Achilles (Observer)

Why are the classics making a comeback? According to Hughes, the classical historian and broadcaster, it is to do with emotional connection.

"You think of big epic tales and you think they're just to do with war and conflict, but Homer actually writes beautiful lines," she says. "There's one line about Athena brushing an arrow away 'like a mother brushing a fly off the face of a sleeping child'. I read that and I remembered doing that with my own child.

"So suddenly there's an immediate emotional connection, 27 centuries later, to me as a 21st-century mother. There are big philosophical connections, but also the base connection of what it is to be human.

"I do think that, post-millennium and post-9/11, people have become much less abashed about asking the big questions about why we're here. If anything can answer those, it's the wisdom of the ancients because the Greeks and Romans weren't just swanning around in the Mediterranean sunshine, they were living in tough times. You could be dead by the age of 45. You were in a time of total war."

BBC Radio 4 is planning a whole day on Joyce's Ulysses for Bloomsday June 16th (Observer):

Which makes it all the more welcome that the BBC is intending to go several better than its (admittedly useful) cheats' guide and mount an extensive celebration of the novel on this year's Bloomsday. This coming 16 June, Radio 4 will be a wall-to-wall Joycefest, kicking off at 9am and running until midnight: a new, five-and-a-half hour dramatisation of Ulysses, narrated by Stephen Rea and starring Henry Goodman, Niamh Cusack and Andrew Scott, will be punctuated by broadcasts by Mark Lawson in Dublin and discussions about the book's place in 20th-century literature.

To reassure those who might quail at some of the book's more full-blooded material, the Beeb has emphasised that its raciest parts will be concentrated after 8pm (although there has not been a cull of the explicit: as the dramatisation's producer, Jeremy Mortimer, points out: "You can't have a Molly Bloom that doesn't enjoy sex").

Potentially interesting big data application in Higher Ed gets some funding (TC):

With capital in tow, Civitas is looking to provide colleges and universities not only with smart learning tools but also the ability to create their own learning apps based on its “Learning Community’s” application programming interfaces. By doing so, Civitas is providing an alternative path for scaling tools and solutions across institutions, through supporting publisher-created apps as well as those built by startups that otherwise could never invest in the integrations with campus systems or the sales cycles necessary to establish relationships with higher ed institutions.
In turn, the startup’s participating institutions can identify trends across swaths of student learning data, including a realtime view of which students are at risk of dropping out (and why), the ability to identify specific courses and degree paths that are contributing to attrition, and, in turn, what specific resources and interventions are most successful and for what type of students.

Frank Donoghue at The Chronicle thinks about the consequences of closing University Presses (Chronicle):

University presses have been an essential component of research institutions since the founding of Johns Hopkins, venues where scholarly knowledge could be dispersed to an admittedly small but interested intellectually interested community. It is, I admit, hard to imagine major universities without presses. But one has to at least consider: Have those various intellectual communities become too splintered, specialized and small? Have the monographs that university presses produce become so costly that individual scholars can’t purchase them? And, thus, have university presses outlived their time? If they have, there are even more dire professional consequences, which I will take up next time.

From the Twitter:

Ten Reasons to Avoid Doing Business With Amazon - The Nation

Tintin cover fetches record price BBC

Spanish Booksellers to Sue Amazon Over Book Prices EbookNews

Textbooks don't have to be free, but $20/month is too much. Students will rebel. Blog (HT @neilschlager)

Libraries Grapple With The Downside Of E-Books NPR