Thursday, June 28, 2012

Point of pride | The Journal Gazette

Those who know me well can be forgiven if they are shocked to see me give credit to the Journal-Gazette for an excellent column in their Sunday Opinion section. Karen Francisco does an absolutely superb job of dissecting the awful job that the Purdue Board of Trustees did handling the forced retirement of IPFW Chancellor Michael Wartell.

We all know how much community support Wartell was given in his attempt to be granted just two more years to guide IPFW through its 50th anniversary celebration, an honor that I believe he so richly deserved. Students, faculty, politicians, business leaders, and others all came to Wartell's defense. In fact if there was any organized group opposing the extension of his contract, it never came to my attention.

Francisco dissects what went wrong and what could have been.

"If all went as expected, the 50-year history of Fort Wayne’s regional campus would end with an account of Wartell’s impending retirement from IPFW, noting that he led the university to its milestone anniversary and was preparing to hand it off to a successor. But Wartell and the university became victims of poor timing when Purdue President France Córdova’s five-year contract neared its expiration and pressure reportedly grew not to extend her tenure. The fact that she would turn 65 shortly after her term ended was a convenient excuse for replacing Córdova.

Wartell, however, was turning 65 in October. Purdue’s outdated and wrongheaded retirement policy requires top administrators to retire at the end of the fiscal year in which they turn 65. The trustees could have handled the situation deftly by announcing his tenure would be extended through IPFW’s anniversary commemoration in 2014. That would allow the new leader on the West Lafayette campus to have the final word on the regional campus appointment. There certainly was precedent for allowing an administrator to stay on the job. Purdue has granted exceptions seven times since 1996, including extensions for Presidents Steven Beering and Martin Jischke, and Purdue-North Central Chancellor Dale Alspaugh.

Instead, the trustees – at least three of them septuagenarians – stuck with the mandatory age 65 retirement rule and pushed ahead with a chancellor search process that ended in the selection of 64-year-old Vicky Carwein, chancellor of the 1,500-student Washington State Universities Tri Cities campus in Richland, Wash. Only the trustees seemed to think it wasn’t suspicious to push out a popular 65-year-old leader in favor of a 64-year-old, even as board vice chairman Thomas Spurgeon insisted Wartell wasn’t forced to retire for performance issues.

Carwein’s academic and administrative record is strong, but several IPFW observers suggest she’s been set up to fail.

'It’s a real slap in our face to bring in a 64-year-old woman – because, you know damn well they are going to turn around and this is going to be a revolving door for chancellors,' said Frank V. Paladino, professor and chairman of the IPFW biology department and member of a committee that reviewed Wartell’s performance just two years ago. 'If you refer to a corporate model, you don’t take one of the CEOs of your branch corporations who has doubled the enrollment, doubled the revenue and increased the plant size and then go ahead and replace him and bring in somebody who’s one year younger than him.'

'I don’t know the woman – I think she could be wonderful, fabulous, great, and I’m looking forward to working with her – but you don’t do that. It’s a slap in the face to us by the board of trustees and it’s a slap in the face to the Fort Wayne community. Because what they are doing is saying that Fort Wayne is not important – we don’t want you to have the long-term leadership and stability that’s good for a university.'

Susan Hannah, who stepped down as vice chancellor of academic affairs in 2008 but continues to teach in the political science department, praised Purdue’s choice of a woman as chancellor but said the trustees have made it difficult for her to succeed.

'I think they undercut her,' Hannah said, upon learning Carwein’s age. 'They make themselves look like hypocrites.' "

I don't know Vicky Carwein. All of this should be no reflection on her. I think we all hope and expect that she will do a wonderful job building on Mike Wartell's accomplishments as IPFW Chancellor for 19 years.

I believe that nobody is indispensable or irreplaceable. But this entire matter could have been handled so much better by allowing Wartell to stay the two additional years as he wished during which a successor could have been named with the cooperation of a new Purdue President (whom we know now will be Mitch Daniels) to work with him in a smooth transition to a new chancellor whom we could expect to direct IPFW into the next decade and beyond.

Point of pride | The Journal Gazette

Seven Equations To Build a Secure Retirement - Robert Powell - MarketWatch

I enjoy browsing articles about retirement and how to prepare for retirement by building the financial assets to support the retirement that I want to have. But this is one article about retirement planning whose likes I have never seen before. It discusses a book that describes the seven equations that can serve as your guide to a retirement that is as secure as you can make it.

"Actually, the world of retirement has had these equations for a while, in some cases for hundreds of years. But Moshe Milevsky, a York University professor, has put all these equations into one readable and, truth be told, highly accessible book, 'The 7 Most Important Equations for Your Retirement.' "

After reviewing just this article about the book, I am not sure how readable the book is. My first college degree is BS Mathematics and I think I might face a challenge understanding the book in detail. But if it gives examples complete with details of how to apply the seven equations to your personal situation, it might be pretty interesting.

7 equations to build a secure retirement - Robert Powell - MarketWatch

How Alan Turing Set the Rules for Computing | PCWorld

I don't think even those of us who work in I/T pay enough homage to the mathematical genius and computing pioneer, Alan Turing. Every day we touch so much that would not exist as it does without his pioneering efforts.

"On Saturday, British mathematician Alan Turing would have turned 100 years old. It is barely fathomable to think that none of the computing power surrounding us today was around when he was born.

'But without Turing's work, computers as we know them today simply would not exist,' Robert Kahn, co-inventor of the TCP/IP protocols that run the Internet, said in an interview. Absent Turing, 'the computing trajectory would have been entirely different, or at least delayed,' he said."

" ' Turing is so fundamental to so much of computer science that it is hard to do anything with computers that isn't some way influenced by his work,' said Eric Brown, who was a member of the IBM team that built the 'Jeopardy'-winning Watson supercomputer.

A polymath of the highest order, Turing left a list of achievements stretching far beyond the realm of computer science. During World War II, he was instrumental in cracking German encrypted messages, allowing the British to anticipate Germany's actions and ultimately help win the war. Using his mathematical chops, he also developed ideas in the field of non-linear biological theory, which paved the way for chaos and complexity theories. And to a lesser extent he is known for his sad demise, an apparent suicide after being persecuted by the British government for his homosexuality.
But it may be computer science where his legacy will be the most strongly felt. Last week, the Association of Computing Machinery held a two-day celebration of Turing, with the computer field's biggest luminaries--Vint Cerf, Ken Thompson, Alan C. Key--paying tribute to the man and his work."

I found this article about Turing and his accomplishments and contributions a very fascinating read that rekindled in my mind some of my earlier studies about him.

How Alan Turing Set the Rules for Computing | PCWorld

Economic Recovery Stalled After Obamacare Passed

"Private-sector job creation initially recovered from the recession at a normal rate, leading to predictions last year of a “Recovery Summer.” Since April 2010, however, net private-sector job creation has stalled. Within two months of the passage of Obamacare, the job market stopped improving. This suggests that businesses are not exaggerating when they tell pollsters that the new health care law is holding back hiring. The law significantly raises business costs and creates considerable uncertainty about the future."

Economic Recovery Stalled After Obamacare Passed | The Heritage Foundation, July 19, 2011

Hiring has never recovered yet since Obamacare was passed. And if all the discouraged workers who have given up looking for a job returned to the workforce, the unemployment rate would be around 11%.

Would it not be ironic if Obamacare, Obama's proclaimed signature achievement, was ruled unconstitutional releasing the pent up demand of businesses to hire, creating a hiring frenzy by employers, especially small businesses, who have been doing everything possible to avoid hiring more workers whose costs cannot be calculated. This then causes a substantial drop in unemployment, thousands of discouraged workers return to seeking employment, an economic upturn or maybe even a mini-boom, rising consumer sentiment, people feeling good about how things are going, all leading to Obama's reelection in November? And all of this could happen because Obamacare, his signature achievement, is declared unconstitutional.

Saturday, June 23, 2012

Overdue High Court Ruling on Union Dues for Politics | The Orange County Register Editorial

In a nation where Freedom of Association is guaranteed by the First Amendment, I have never been able to understand how an employee can be forced to pay union dues under the threat of losing his or her job when it is commonly understood that a large percentage of union dues are spent on partisan political activity, almost all of which goes to support Democrats and liberals.

This system forces an employee who disagrees with that political view to either support causes with which he or she disagrees directly with his or her money or to quit and seek employment elsewhere. But elsewhere might subject him or her to the same problem.

The only way that Freedom of Association has any meaning or value is if it also guarantees us the Freedom Not to Associate with those with whom we disagree. Forced contribution of wages to support political causes with which we disagree is a form of slavery.

In this case the employee was not even a member of the union but was still required without her consent to contribute to a special union dues assessment expressly directed to a political cause. It is about time this forced contribution for political purposes has been stopped.

"In the case at hand, the wise words of Thomas Jefferson come to mind: 'To compel a man to furnish contributions of money for the propagation of opinions which he disbelieves is sinful and tyrannical.' "

Editorial: Overdue high-court ruling on union dues for politics | court, union, decision - Opinion - The Orange County Register

Google Asus Nexus 7 Tablet Has Begun Shipping Reportedly | ITProPortal.com

A prior post Google's Sub-$250 Nexus 7 Tablet Coming Late June made me think that a Google Tablet in that price range would jump right to the top of my Christmas wish list. Now we have this report that it is being shipped and that the price is rumored to be at the low end of the anticipated price range but lacking some features that might disappoint some.

"New reports suggest the tablet will be priced at $159 - $179 (£100 - £115), at the lower end of the $150 - $250 (£95 - £160) range originally expected. The device's attractive pricing will help it compete with Apple's iPad, which currently dominates the market in global tablet sales.

But the low cost of the Asus 7 also means it will ship with limited features; it will reportedly lack 3G or LTE capability, with Wi-Fi being the only means of connectivity. The tablet will also not feature a backside camera - just a front-facing webcam with likely a low resolution."

Well late June is here so we should know everything about it soon.

Google Asus Nexus 7 tablet has begun shipping reportedly | ITProPortal.com

Want to Live to 100? Sleep - SmartMoney

"Many boomers are embracing lifestyles that could lead to a long and rewarding life – with two exceptions. More than seven in 10 centenarians – 71% – say they get eight hours or more of sleep each night. By contrast, only 38% of boomers say they get the same amount of rest. And when it comes to eating right, more than eight in 10 centenarians say they regularly consume a balanced meal, compared with just over two-thirds (68%) of baby boomers."

This sounds like a great theory! Where do I sign up to sleep more? And how do I get my wife and my boss to buy into this strategy? Can I sleep around 17-18 hours a day like our cats do? Would that help me live to be 100?

But wait! This premise is not based on a scientific study. It's a survey. So please read the article but don't skip the comments below it. Those might be even more interesting than the story itself.

I don't spend hours and hours contemplating how and when I will leave this life. But now that I am approaching retirement age, I can't help but wonder from time to time how much time do I have left on this earth? When should I retire assuming I make it that far? If I'm blessed with a long retirement, how can I best use my retirement years other than sleeping?

In a previous post 10 overlooked retirement tips I noted that based on my age I now have about a 1 in 6 chance to live to 95. In some respects that thought is exhilarating and in other ways it is scary.

The comment of the person discussing his father with Alzheimer's Disease really strikes home for me. My Dad passed away almost a year ago due to complications of Alzheimer's Disease just a few months shy of what would have been his 86th birthday. And Mom, who survives him, also is afflicted with Alzheimer's Disease. So for me I think it is natural to hope that I don't suffer their fate. And quality of life becomes more important to me than any question of how long I will live.

So what to do? I guess it's pretty simple. Live each day to its fullest. That means eating right and getting the rest you need along with other steps for a healthy lifestyle. Live so that you maximize your chances to  make it at least to 100. But plan and be prepared for whatever happens because we indeed "know neither the day nor the hour (Matthew 25:13)."

Want to Live to 100? Sleep - Encore - SmartMoney

Friday, June 22, 2012

Fed Helps Borrowers, But Savers Get Clobbered - Kathleen Madigan - MarketWatch

It is true that there are two sides to every coin.

"During his press conference Wednesday, Federal Reserve Chairman Ben Bernanke said monetary policy had been helping the general public. In particular, borrowers are benefiting from extremely low interest rates."

And here is the other side of this coin.

"What tends to be glossed over is the flip side to the Fed’s zero-rate strategy: Savers are getting whacked."

"Less income, of course, means less money for spending, and the hit has been especially hard on retirees who are living off past investments. And since the Fed plans to keep rates low for at least another 2 1/2 years (and some economists think into 2015), savers will continue to suffer."

And that is not good in many respects because we need to encourage more saving and investment to grow our economy.

Fed helps borrowers, but savers get clobbered - Kathleen Madigan - MarketWatch

Sunday, June 17, 2012

Health Care: Takeover continues | Richmond Times-Dispatch

Is Massachusetts showing us what is in store for the rest of the US if ObamaCare is upheld?

"Massachusetts has long given the U.S. a glimpse of what the future of American health care might look like. Now it's offering another even more troubling look at what might happen if the Supreme Court does not overturn the Patient Protection and Affordable Care Act. Massachusetts' takeover of health care – ushered in with the blessing of its then-governor, Mitt Romney — is moving on to the next logical step: rationing."

Health Care: Takeover continues | Richmond Times-Dispatch

Taxing the Rich: What's Fair? - Yahoo! Finance

This article from Yahoo! Finance asks more questions that it provides answers. But that is okay because it does point out the obvious problem about any talk of "fairness" when it comes to taxes or any other matter of public policy.

"The most important tax fairness debate of the last century took place during World War II, when lawmakers transformed the income tax from a rich man's burden to a middle class millstone. "

Fairness is subjective. It is in the eye of the beholder and might not have any basis whatsoever in reality. As the article concludes "We are just making this stuff up."

Taxing the rich: What's fair? - Yahoo! Finance

Google's Sub-$250 Nexus 7 Tablet Coming Late June | PCWorld

If this report of a Google 7-inch tablet under $250 is true, it would probably jump to the top of my Christmas wish list.

"An Asus representative confirmed Google will announce a Nexus-branded and Asus-built 7-inch tablet at the end of the month with a sub-$250 price tag."

"The tablet will likely appeal to tech enthusiasts because unlike the Kindle Fire, a Nexus tablet would be able to access the full Google Play app market, and would run the latest version of Android without any modifications."

Google's Sub-$250 Nexus 7 Tablet Coming Late June, Report Says | PCWorld

Laird Delighted With Kings' Stanley Cup Title

Watching the 8-seed LA Kings go through the NHL Stanley Cup playoffs by eliminating the 1-seed, the 2-seed, and the 3-seed in the Western Conference in succession before beating the New Jersey Devils in the Stanley Cup Finals was amazing enough. But one of the most enjoyable moments for me came after NBC signed off the coverage of the Stanley Cup celebration.

I switched to NBC Sports Channel in time to see former Komet player and coach, Rob Laird, standing on the ice in the background step forward to take his turn hoisting the Stanley Cup overhead. Rob is now in his 18th year with the Kings organization, his 16th as Pro Scout where he played a significant role in the assembly of the team that won the Stanley Cup. Blake Sebring of the News-Sentinel wrote about his interview with Laird about his experience hoisting the Stanley Cup following the LA Kings' cup-clinching victory.

Laird delighted with Kings' Stanley Cup title - News-Sentinel.com

I was thrilled for Rob because he was always one of my favorite players during his two tours of duty as a player for the Komets. Back then we knew him as Robbie Laird. His page at hockeyDB.com shows how successful he was as a player and a coach in Fort Wayne. Robbie never let his relative lack of size or anything else get in the way of giving his best whenever he was on the ice.

He combined with Terry McDougall and Al Dumba to form the "Western Union" line that achieved its greatest success statistically in the 1978-79 season when Laird scored 45 goals and 62 assists for 107 points, Dumba scored 46 goals and 65 assists for 111 points, and McDougall scored 57 goals and 82 assists for 139 points. It was a phenomenal season for the McDougall-Laird-Dumba line.

When his days as a player ended Laird became Coach Laird of the Komets for four seasons during which he led teams which won from 46 to 52 games each season despite some lack of fan support and some difficult ownership transitions. But he never let any of those off-ice distractions get in the way of putting together very competitive teams that achieved a lot each season he was coach. And he is still putting to good use many of the lessons that he learned in Fort Wayne about how to build successful hockey teams.

Wednesday, June 13, 2012

There Is Only One Boss

There is only one boss. The customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.

- Sam Walton

Monday, June 11, 2012

25 Most-used Passwords Revealed | ZDNet

Passwords are the weak link in security on the web, within corporate networks, wherever passwords are used. There is no reasonable excuse for using weak passwords and/or using the same password across multiple online accounts. But people continue to ignore the warnings with no regard to the danger involved in having an online account compromised which is then used to compromise other accounts like email, banking, and social media and so on where one weak password is used for countless accounts.

So I find it interesting when I see a story like this listing the 25 most used passwords. You know the story will be good because the passwords will be incredibly bad. For some passwords on the list it is clear why they are so popular, for others not so much, and for still others it is all too abundantly clear.

25 most-used passwords revealed: Is yours one of them? | ZDNet

One link included in the story to Mark Burnett's blog about the 10,000 top passwords is filled with even more interesting data like this.

"Here are some interesting facts gleaned from my most recent data:
  • 4.7% of users have the password password;
  • 8.5% have the passwords password or 123456;
  • 9.8% have the passwords password, 123456 or 12345678;
  • 14% have a password from the top 10 passwords
  • 40% have a password from the top 100 passwords
  • 79% have a password from the top 500 passwords
  • 91% have a password from the top 1000 passwords"

Earlier this year I began using a password manager out of desperation. I had concluded that was the only way that I could effectively remember all my userid/password combinations and use strong, unique passwords for each account. Later I will blog about my experience in switching to the password manager application that I am using.

Sunday, June 10, 2012

10 Best States To Retire In - MarketWatch Slide Show

I am not sure why but I have to look at these types of studies to see where Indiana ranks. I think the methodology is at least partially subjective and always suspect. But we aren't going any place else to retire any way since we like Fort Wayne so it really doesn't matter for me. But I guess sometimes you can look at a study like this and wonder what if...

By the way, don't look for Indiana in the slide show. It isn't there. I guess having a cold-weather climate and taxing the types of income that retirees likely rely upon are not positives in this study.

The 10 best states to retire in - Slide Show - MarketWatch

All truly wise thoughts...

"All truly wise thoughts have been thought already, thousands of times; but to truly make them ours, we must think them over again, honestly, till they take root in our personal experience."

- Johann Goethe

Wednesday, June 6, 2012

D-Day Anniversary

I think it is so unfortunate that our President can't take even a few minutes out of his busy day attending four more fundraisers to at least say a simple thank you to those heroic individuals who launched the Allied invasion on the shores of Normandy in the successful effort to free a continent from fascism.

Maybe they saved the world as we know it but thankfully we will never know what would have happened to our civilization had their efforts failed.

Well since our President has been too busy to even acknowledge the anniversary of D-Day for three consecutive years now I offer a repeat of my blog dated June 6, 2011. If nothing else it shows how much of a distinction one can draw between Ronald Reagan and Barack Obama.

If you have never watched the videos of President Reagan in Normandy on the 40th anniversary, please do so now by taking the links I included as one way of saying thank you to those who preserved our freedom by risking everything, a price that was paid by so many as the thought of the rows of white markers in Normandy should remind us every day.

God bless all of our D-Day heroes and make us worthy of their sacrifice!

The Boys of Pointe du Hoc

IPFW's Chief 'Ambassadon'

I have a great deal of respect and admiration for IPFW Chancellor Michael Wartell. One only needs to look at the growth and expansion of facilities on the IPFW campus to get an idea of how he has impacted IPFW during his 19-year tenure as Chancellor. But his impact has been far more than just the physical facilities. And Chancellor Wartell has impacted more than just IPFW. His dedication, service, and leadership have positively impacted Fort Wayne and the entire Tri-State region.

I still believe that the Purdue policy forcing an end to Mike Wartell's tenure as IPFW Chancellor is regrettable and ill-advised. Maybe it made some sense several decades ago but not in this day and age. He had asked the Purdue Board of Trustees for an exception that would grant him two more years so that he could lead IPFW through its 50th anniversary. I think he has more than earned that right but it is not to be.

With the approach of the end of his tenure as IPFW Chancellor effective June 30, 2012 we are still awaiting the announcement of who will become his successor. But for now I recommend that you read this story on Mike Wartell from fwdailynews.com. It is the best story that I have read about Chancellor Wartell because it covers not only the changes at IPFW but also gets the Chancellor to discuss some of his own thoughts about his accomplishments and some of his regrets during his time as IPFW Chancellor

IPFW's chief 'ambassadon'

Monday, June 4, 2012

10 overlooked retirement tips - MarketWatch

Robert Powell offers 10 retirement tips that all of us have probably seen before. But one in particular struck me because it demonstrates the necessity of planning for a long retirement. Check out number 8.

"Life expectancy to age 75 is for someone just born. But it’s not for someone who is 65 years old, said Blanchett. In fact, according to the Society of Actuaries 2000 Annuity Table there is a 17% chance a male age 65 will live to age 95, there’s a 23% a female age 65 will live to age 95, and there’s a 36% that either member of the joint couple will live to age 95." 


This struck home with me because I'm not 65 yet but I am at least in the same area code. So I'm not that far from having a one in six chance of living to be 95 years of age, statistically speaking at least!

10 overlooked retirement tips - Robert Powell - MarketWatch

The Wisconsin Recall Stakes - WSJ.com

I don't think it is possible to overemphasize the importance of the recall election Tuesday in Wisconsin. If Governor Walker survives the ill-advised recall effort, it will indicate that there is still hope that overburdened taxpayers might yet be able to assert some control over the unholy alliances between unions bosses, politicians, bureaucrats, and the spend, spend, spend crowd that siphon more and more taxes from the general public to support salaries and benefits for public employees that are far in excess of what the majority of private sector workers enjoy and states and municipalities can not afford to pay.

Originally the recall effort was being sold as an effort to protect collective bargaining and the middle-class. But it has always been about the ability of the unions to rely upon forced union dues that they recycle to support the election efforts of liberal politicians who in turn support liberal and socialist causes and legislation that are often at odds with the interests of their own union members and the taxpaying public at large.

"Students of democracy from Alexis de Tocqueville to Mancur Olson have pointed out that the greatest threat to self-government comes from the tendency of democracies to become barnacled with special interests that vote themselves more benefits than society can afford. This is the crisis of the modern entitlement state, which is unfolding from California to Illinois, Greece, Italy and even Washington. Wisconsin is a critical test of whether democracies can reform before the crisis becomes debilitating."

Review & Outlook: The Wisconsin Recall Stakes - WSJ.com