The Mississippi Business Journal reports that the most recent Public Account Report ranks the University of Mississippi School of Accounting as the 10th best in the nation.
The master's and doctoral programs rank 11th and 12th respectively in those rankings.
The Ole Miss Patterson School of Accounting is the only SEC school in the top 10. Other SEC schools ranked in the top 30 are the universities of Georgia (12), Florida (17), Alabama (20) and Tennessee (29).
The survey also ranked schools for the first time by discarding all votes from those who ranked their own school as best in the nation. In that ranking, Ole Miss comes in either third or fourth place in each category.
Ole Miss sure does mighty well for a bunch of slow-talking Southern boys! (And girls, of course),
Friday, January 20, 2012
Newt on Obama's Main Street town hall meeting
Newt can be a funny guy, as when he talks about Obama holding an invitation-only town hall meeting on Main Street -- in Disney World. You may have to put up with an anti-Newt ad to see the video; you can skip the ad after five seconds.
Thursday, January 19, 2012
Bettors drop Romney's S.C. victory odds from 93% to 38% in two days
Back in 2004 I had a lot of fun betting on political outcomes on Intrade.com, which allows the trading of shares in the happening of certain events. I didn't bet that much money, but won a little and had a pile of fun.
At the end of the election season I withdrew my money. The government cracked down on Internet betting and so I can no longer place an Intrade bet with a credit card. I don't care enough about it to send them a check or wire transfer, so all I can do is watch.
But Intrade is interesting to watch, because it tends to be ahead of the curve in predicting political outcomes. As well it should be, since people are having to put their money where their mouth is, by buying shares in outcomes.
That doesn't mean Intrade shares can't be very volatile. Two days ago Mitt Romney was the overwhelming favorite to win the South Carolina primary. A "share" of Mitt Romney cost $9.30 and would return $10 on his victory. In other words the market was giving him a 93 percent chance of victory.
Tonight a "share" of Mitt Roney is going for $3.78; the market is giving him only a 38 percent chance of winning. Newt Gingrich, meanwhile, is now given a 64 percent chance of South Carolina victory. Rick Santorum and Ron Paul both come in a two-tenths of one percent, so for you longshot players, there it is. (Note that Newt's total and Mitt's total exceed 100 percent. That's because each is traded individually. There is actually an opportunity for arbitrage on the Intrade system, although it requires far more money and faith than I have to spare.)
So as of now, Newt Gingrich is the favorite to win in South Carolina. If anyone should tell you otherwise, tell them to put their money where they mouth is.
But check the Intrade.com board before actually booking the bet!
At the end of the election season I withdrew my money. The government cracked down on Internet betting and so I can no longer place an Intrade bet with a credit card. I don't care enough about it to send them a check or wire transfer, so all I can do is watch.
But Intrade is interesting to watch, because it tends to be ahead of the curve in predicting political outcomes. As well it should be, since people are having to put their money where their mouth is, by buying shares in outcomes.
That doesn't mean Intrade shares can't be very volatile. Two days ago Mitt Romney was the overwhelming favorite to win the South Carolina primary. A "share" of Mitt Romney cost $9.30 and would return $10 on his victory. In other words the market was giving him a 93 percent chance of victory.
Tonight a "share" of Mitt Roney is going for $3.78; the market is giving him only a 38 percent chance of winning. Newt Gingrich, meanwhile, is now given a 64 percent chance of South Carolina victory. Rick Santorum and Ron Paul both come in a two-tenths of one percent, so for you longshot players, there it is. (Note that Newt's total and Mitt's total exceed 100 percent. That's because each is traded individually. There is actually an opportunity for arbitrage on the Intrade system, although it requires far more money and faith than I have to spare.)
So as of now, Newt Gingrich is the favorite to win in South Carolina. If anyone should tell you otherwise, tell them to put their money where they mouth is.
But check the Intrade.com board before actually booking the bet!
Democrats propose 100 percent tax on 'unreasonable' profits
If you wonder why I fear Democrats, a recently filed bill that would tax "unreasonable" oil company profits ought to be reason enough.
You can read the story, Dems propose 'Reasonable Profits Board' to regulate oil company profits for yourself.
This bill would tax oil profits over 105 percent of a "reasonable" level at 100 percent (in other words, more than five percent higher than the government target). That's right, the government will establish a "reasonable" amount of profit and anyone daring to make more will pay the entire amount to the government thourgh a 100 percent tax. According to The Hill, the proposed law would set up a Reasonable Profits Board made up of three presidential nominees that will serve three-year terms.
The bill doesn't establish what a "reasonable" profit is, or how a "reasonable" profit is to be calculated. Is the driller of a 2-barrels-a-day stripper well to be taxed the same amount on his oil as the driller of a thousand-barrels-a-day gusher? Is a "reasonable profit" to be the same for someone who already has a well in production at the time of a price spike as it is for someone who rushes out and drills a spec well? If so, won't that be a disincentive for drillers to work to solve oil shortages?
I hate high oil prices as much as the next guy, but if you look at the past several years you'll see that Obama's unprovoked attack on Libya has had as much to do with the increase in oil prices as any other factor. If a price must now be paid for Obama's folly, it should be done by levying a tax on his supporters, not by taxing the patriots who are supplying our country with oil. If the government wants lower oil prices, approve Arctic Wasteland drilling, approve offshore shallow-well drilling (not dangerous ultra-deep wells), approve the Keystone pipeline, approve oil share extraction.
Instead the Democrats can only think tax, tax, tax, and they've finally come up with a tax rate they can live with: One Hundred Percent.
It's heresy to say it these days, but it must be noted. Most oil companies are publicly traded, and every citizen can buy in and benefit from rising oil prices. Of course, they run the risk of falling oil prices, too, not to mention the outside possibility of an ecological disaster that will destroy their investment. If the government is going to confiscate "unreasonable" gains, shouldn't it be required to repay anyone who suffers an "unreasonable" loss?
It's also grist for another column to note that programs such as this actually tend to produce the opposite of the desired effect. In other words, price caps turn into price floors and price floors turn into price caps. Look what happened to agricultural prices when the government quit supporting prices. If the government really wants to lower oil prices, then guarantee oil producers a minimum price of $70 per barrel for the next 10 years. That will get folks drilling and effectively cap oil prices at $70.
If you want to know how this will turn out if this bill ever becomes law, the book has already been written. It's called Atlas Shrugged by Ayn Rand
. If you haven't read it or read it lately, read it. Because we're living it today.
You can read the story, Dems propose 'Reasonable Profits Board' to regulate oil company profits for yourself.
This bill would tax oil profits over 105 percent of a "reasonable" level at 100 percent (in other words, more than five percent higher than the government target). That's right, the government will establish a "reasonable" amount of profit and anyone daring to make more will pay the entire amount to the government thourgh a 100 percent tax. According to The Hill, the proposed law would set up a Reasonable Profits Board made up of three presidential nominees that will serve three-year terms.
The bill doesn't establish what a "reasonable" profit is, or how a "reasonable" profit is to be calculated. Is the driller of a 2-barrels-a-day stripper well to be taxed the same amount on his oil as the driller of a thousand-barrels-a-day gusher? Is a "reasonable profit" to be the same for someone who already has a well in production at the time of a price spike as it is for someone who rushes out and drills a spec well? If so, won't that be a disincentive for drillers to work to solve oil shortages?
I hate high oil prices as much as the next guy, but if you look at the past several years you'll see that Obama's unprovoked attack on Libya has had as much to do with the increase in oil prices as any other factor. If a price must now be paid for Obama's folly, it should be done by levying a tax on his supporters, not by taxing the patriots who are supplying our country with oil. If the government wants lower oil prices, approve Arctic Wasteland drilling, approve offshore shallow-well drilling (not dangerous ultra-deep wells), approve the Keystone pipeline, approve oil share extraction.
Instead the Democrats can only think tax, tax, tax, and they've finally come up with a tax rate they can live with: One Hundred Percent.
It's heresy to say it these days, but it must be noted. Most oil companies are publicly traded, and every citizen can buy in and benefit from rising oil prices. Of course, they run the risk of falling oil prices, too, not to mention the outside possibility of an ecological disaster that will destroy their investment. If the government is going to confiscate "unreasonable" gains, shouldn't it be required to repay anyone who suffers an "unreasonable" loss?
It's also grist for another column to note that programs such as this actually tend to produce the opposite of the desired effect. In other words, price caps turn into price floors and price floors turn into price caps. Look what happened to agricultural prices when the government quit supporting prices. If the government really wants to lower oil prices, then guarantee oil producers a minimum price of $70 per barrel for the next 10 years. That will get folks drilling and effectively cap oil prices at $70.
If you want to know how this will turn out if this bill ever becomes law, the book has already been written. It's called Atlas Shrugged by Ayn Rand
. If you haven't read it or read it lately, read it. Because we're living it today.
Herbert Hoover pens new book on secret history of WWII. Yes, Hoover!
I have a new book on my book list.
The book is Freedom Betrayed by Herbert Hoover. That's right, Herbert Hoover. It's subtitle says it all: "Herbert Hoover's Secret History of the Second World War and Its Aftermath."
Hoover apparently began writing the book prior to World War II and continued writing through the 1950s. The book was almost ready for publication at the time of Hoover's death in 1964. Instead of publishing the book his heirs decided to put the book on ice for almost 50 years.
I'm not sure what motivated the heirs, but perhaps it is because the book doesn't toe the official line of America as a White Knight out to do good in the world. Hoover apparently believed we could have easily stayed out of WWII, and simply allowed Hitler and Stalin to tear each other to shreds. He believed we intentionally goaded Japan into attacking, which we did. Hoover felt even more strongly about America's decision to become an imperial power after WWII, a decision which has depleted our treasury and ended or destroyed the lives of tens of thousands of our nation's young men.
Old-timers blame Hoover for the Great Depression, and they are right, but not for the reasons they think.
Hoover was extremely active as a humanitarian all of his life. Prior to the U.S. entry into World War I he was a leader in European relief efforts. When the United States entered the war Woodrow Wilson appointed him head of the U.S. Food Administration. It was in that post that Hoover championed a price guarantee of $1 per bushel for wheat, which set into action an unprecidented agricultural boom that would only bust in the mid-1920s. It took several more years for the crisis to hit the financial sector, but when it did the Great Depression had begun.
Also unknown by many is that Hoover attempted to increase government spending to soften the economic downturn. His efforts were thwarted by Democrats, who wanted economic conditions to remain as bad as possible in order to help them win the White House.
In any event, Hoover's book is a must-read for anyone wanting to know the truth about what really happened before, during and after World War II. Those who only want the official self-serving version of history can likely give this book a pass.
Wednesday, January 18, 2012
Steve Sailer: Cruise liner captains don't go down with their ships
Steve Sailer's iSteve Blog: Cruise liner captains don't go down with their ships...
Steve Sailer once again comes up with a great story. This one is about a 1991 cruise ship disaster where the captain abandoned ship, leaving the passengers aboard. Sound familiar?
The hero of the ship? A magician on board as an entertainer!
Click the link above the read all about it.
Steve Sailer once again comes up with a great story. This one is about a 1991 cruise ship disaster where the captain abandoned ship, leaving the passengers aboard. Sound familiar?
The hero of the ship? A magician on board as an entertainer!
Click the link above the read all about it.
Marianne Gingrich: Newt lucky to be rid of this hag
Marianne Gingrich has given another interview in which she tells the world what a cad her former husband Newt is.
But it's a funny thing about Marianne. My guess is she won't spend much time talking about how she refused to move to Washington, even though Newt was one of the city's power players. Think of the uproar that was caused when it was revealed that Michelle Obama thought about not moving to Washington for six months so the kids could finish the year in Chicago. Newt needed her and she let him down every single day she sat on her duff in Georgia.
Then there's the fact that Marianne abandoned Newt for six years. That's right, he came home and everything was gone, including her. After six years they reconciled but in the end it just didn't work out. Apparently during the long separation Newt had begun seeing his current wife, and even though Newt and Marianne attempted a reconciliation, it didn't work.
And oh, my! It seems that it's just fine for Marianne to walk out on Newt, but let Newt be the one to decide he can't take it any more and suddenly he's the goat. And he did have the decency to talk to her. She just went missing.
Marianne Gingrich is a horrid, wretched woman who is merely bitter because she didn't get the chance to do the dumping as she had done once before. Newt beat her to it. And dear friends, that for her is a bitter pill to swallow. Bitter, bitter, bitter.
He's lucky to be rid of the hag.
But it's a funny thing about Marianne. My guess is she won't spend much time talking about how she refused to move to Washington, even though Newt was one of the city's power players. Think of the uproar that was caused when it was revealed that Michelle Obama thought about not moving to Washington for six months so the kids could finish the year in Chicago. Newt needed her and she let him down every single day she sat on her duff in Georgia.
Then there's the fact that Marianne abandoned Newt for six years. That's right, he came home and everything was gone, including her. After six years they reconciled but in the end it just didn't work out. Apparently during the long separation Newt had begun seeing his current wife, and even though Newt and Marianne attempted a reconciliation, it didn't work.
And oh, my! It seems that it's just fine for Marianne to walk out on Newt, but let Newt be the one to decide he can't take it any more and suddenly he's the goat. And he did have the decency to talk to her. She just went missing.
Marianne Gingrich is a horrid, wretched woman who is merely bitter because she didn't get the chance to do the dumping as she had done once before. Newt beat her to it. And dear friends, that for her is a bitter pill to swallow. Bitter, bitter, bitter.
He's lucky to be rid of the hag.
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