It’s about who owned the land in 2017 and who was governor. Some states were less corrupt than others, but as a general rule OZs were and are mostly political grift with a few legit trades thrown in for cover.
The reason that HUGE tracts of OZs make no sense is that the “for development of blighted areas” thing is very thinly veiled bullshit.
In many states OZs were selected as political handouts and were placed in areas where development was already planned. The characterization that they lifted up poor regions is pure horseshit.
A two earner household with a cop and a nurse benefited from SALT.
The average beneficiary of opportunity zones is generationally wealthy. A pair of tech workers pulling down 7 figures a year are stupidly wealthy and still would probably not have enough capital to be the primary beneficiary of an opportunity fund.
I’m not going to defend the salt deduction because I’m not a fan of it for the reasons you mention, but comparing SALT to opportunity zones is genuinely delusional.
Pitting the lower middle class against the upper middle class over a modestly regressive tax break while folks who haven’t worked in three generations pay a 0% tax rate on the fruits of others’ labor.
It adds insult to injury that a billionaire real estate mogul made EXACTLY this argument when selling his tax policy and business conduct (I’m just being a good businessman, and I’ll fix the rigged system by getting rid of loopholes!), then turned around and got rid of special deductions for normal folks and created a massive special interest handout for real estate moguls.
It's not 2008 or even 2013. You can get crypto at a coin counting kiosk in any grocery store in middle America.
The psychology driving crypto for the last half decade or so is the same sort of psychology that drives penny stocks and scratch-offs. The only people who don't understand this yet are sitting in SV/NYC/Miami and are totally out of touch.
Stablecoins were sold as "the stability of a savings account with the returns of dogecoin".
>> There's a certain delight [1] in watching increased market volatility exposing how understanding merkle trees and consensus protocols doesn't make you an expert on what the financial system is, how it works and why it is the way it is.
> These comments don't seem very relevant to stablecoins such as this one, which are algorithmic rather than backed
> This seems to be mostly false, in the sense that many schools run huge class sizes for many core courses (cough couch Berkely) and in practice non-TA instruction
Berkeley is not a good counter-example.
There are usually several teaching professors doing a full time job behind the scenes -- handling a myriad of student crises, handling a huge quantity of special accommodations, plagiarism and other academic misconduct, behavior issues (on the part of both students and staff!!!), constant question bank maintenance, constant schedule tweaking, interfacing with faculty demands from down-stream courses, and so on. Those are all trivial, though. Most important -- by far -- is training and managing a large course staff most of whom have never taught a recitation or graded a homework assignment!
Scaling up from a class of 1 instructor and 40 students (at Olin 20 or 15 I'd guess?) in one class to class with 40 staff members and 1000+ students and several lecturers is its own skillset. Those instructors are not teachers. They are mid-level managers. It's a different job, and not one that most undergraduates are prepared to take on.
And the face that it's a machine matters. Teaching a few recitations or lab sections and grading homework is not even remotely the same as instructing a course.
It's a bit like saying that you don't need experienced management at a logistics company because, after all, everyone learns how to do the warehouse job within a week. True, but keeping that machine running requires institutional memory and is itself a full time job. And just because you can train cogs quickly doesn't mean many of those cogs would do a particularly good job at designing and operating the underlying machine. Or even a miniature version of that machine.
> but I think you might be underestimating how much better intentionally-designed support resources can make the process.
Having spent time both inside and outside the elite academic institutions, folks who use places like Olin or Berkeley as barometers for "normal" are wildly out of touch with 90+% of the 4,000 colleges and universities in the USA.
Students at places like Olin or Berkeley are already the cream of the cream of the crop. At Olin or Berkeley you have a handful of good student-educators every year. At normal places the acceptance rate is closer to Olin's reject rate, and the applicant pool is way lower quality. At normal places an above average Olin kid comes around once a decade or less, and the annual cream of the crop at Olin or Berkeley simply never pass through.
> so yes some problems are best solved by government, but innovation isnt one of them.
1. I've worked in gov labs, industry labs, and academic labs. Mostly industry labs. People and culture are the most important thing. The variability in innovation between companies is often WAY higher than the variability between the public and private sector. Gov labs can be insanely innovative or quagmires. Same for industry labs. It's all about the people and culture. Good people and good culture and possible in the public and private sectors. Bad people and bad culture are also possible in the public and private sectors. Anyone telling you otherwise is trolling and/or selling an idiology (sic).
2. The whole point of the above post was that there's ENORMOUS value in the "tried and true". Getting rid of endemic malaria has been possible for the better part of a century. It's a governance problem, not an innovation problem.
This is exactly right. In huge swaths of the US, your local county's Mosquito Control department is probably a small number of full timers (maybe one or even zero), some budget for seasonal staff, and some commercial F-150s with sprayers in the bed. They probably have six-seven figures a year in budget.
They don't have a PR budget, just trucks and sprayers. But they are absolutely the reason that there isn't endemic malaria in your county.
I guess it depends on what you mean by "high". At most institutions, faculty will make $50K-$60K starting, max out at $100K, and often do not have access to a pension. In many states, you're really better off, financially, as a high school teacher or police officer.
Which, I mean, high school teachers are highly paid by some standards. But saying professors command high salaries on a tech forum where even new grads are probably making more than the average full professor is probably misleading.
> but with proper resources and support students can also be very effective instructors... better than professor-taught classes
1. It really depends on the course; undergrad-lead core courses tend to be a disaster.
2. On that note, there's an important confounding factor: undergraduate-lead courses are often "topics" courses outside of the core curriculum, which naturally attract better feedback than "broccoli and spinach" courses regardless of the instructor. E.g., in CS, a course on game design or crypto will always attract higher ratings than "core" courses like Data Structures or especially Intro Programing.
3. Good faculty do a lot more than teach. And I don't even mean research. Industry relations and job placement are huge value adds of a good faculty member.
There's an important split between courses that need careful pedagogy and courses that really just need engagement. For an intro programming course serving all students, you really need a professional educator who is practiced at going through the slog of helping people understand for loops. Sometimes an undergrad will pass through who could totally teach the course, but that tends to be an exceptional student.
Once you have a bunch of juniors/seniors who know how to program, and assuming you're teaching a course that's primarily about applied programming (eg, not a proof-based CS Theory or Algo course), engagement becomes more important than pedagogy.
Student-lead courses can be great, and ARE often way better than prof-lead courses especially for "applied programming" type courses, but it's probably not feasible to run core major requirements with undergraduate instructors as a steady-state.
Have you ever managed an intern? Inexperienced labor often has negative value-add.
> Make the business students hash out contracts with vendors
A second semester senior without a job lined up negotiating a seven figure contract... what could go wrong?
> IT students handle the networking
This is already a thing at most colleges.
> mechanical engineers the boilers
Might be possible, but could also be a disaster.
> hospitality management majors dorm maintenance
Students already do work in dorms at front desks and so on. Business majors aren't qualified to do plumbing, electrical, etc.
Students who are qualified to do plumbing and electrical are probably better off selling that labor on the open market.
At the end of the day, the other basic problem is that at most colleges, most college students who need work can get better-paying work than the sort of work that's available on campus. Why work in Uni IT over the summer if you can get an internship literally anywhere else that probably pays better and could become a full time job?
The vast majority of Christian Church-affiliated colleges in the USA are either catholic (Jesuit in particular) or Mainline. In both of those cases, the denominational ties do not preclude attendance at the college/university by non-Christians, LGBT, etc. Either in policy or in practice. If a university is Catholic or Mainline, it's pretty safe to assume that the college is open to all and that a huge % of students attending the school are not from that denomination (or particularly theistic).
Places like Wheaton (Chicago), Cedarville, Liberty, CofO, etc. are very much the outliers in terms of how church-affiliated higher ed institutions behave toward non-fundamentalist-conservative-Christians.
BTW, being Christian is not enough at CofO. The important thing is to be socially conservative and fit in with the fundy crowd. Mainline lutherans, for example, definitely aren't welcome. The national-ethnic-religious-political belief complex that is de facto required to get by at CofO is probably not even recognizable as Christianity to a European Christian eye.
Anyways, with respect to CofO, the bigotry is really not even relevant. Compare the CS faculty at Truman/Rolla/etc. vs CofO. The work study program is a $20/hr job for 15 hours a week. You can get up to $15/hr easy and your improved internship placements out of Truman/Rolla will put you ahead of CofO even before graduation. Ten years down the road there's probably close to an entire 0 in outcome differences.
I am from Missouri and still provide a lot of advice to first gen college folks in that region.
I don't know anything about Berea, but I cannot recommend College of the Ozarks.
I can't be more clear: this is a submarine about a terrible college that no one should attend.
First, and most importantly, College of the Ozarks generally has a really terrible educational product. Really, TERRIBLE. It's difficult to over-state how bad the educational product is. Go look at their CS faculty. Almost all community colleges have way better faculty, to say nothing of other four year colleges.
Second, the work program is generous but not amazing. It's an $11K tuition waiver, which comes out to 15 hour/week job at $20/hour. Room and board is expensive, and off-campus living isn't as cheap as other options in Missouri.
Third, for students in Missouri, Truman State is an infinitely better product at roughly the same price point ($12K, and no one is stopping you from getting a part time job on or off campus...). It's a "public LAC" so the product is in the same category, but infinitely better.
Especially in CS, students are MUCH better off going to Truman State and working part-time. They'll make up the (SMALL) difference in part time job earnings through a combination of lower living expenses and way better internship placements. I'd be astounded if the average Truman CS student doesn't come out financially ahead of the average CofO student at graduation, and will eat my shoe if the Truman CS student isn't better off after 1 year of work.
Fourth, better not be homosexual or you'll be expelled / forced out. Always worth mentioning because many students don't realize this until too late.
But, again, I cannot overstate how bad of a deal CofO is compared to state schools (Truman, UMSL, Rolla) for Missouri residents, especially in high-demand fields like CS. The cost isn't that dissimilar and the faculty and educational quality at the state schools are infinitely better. I mean, go compare the CS faculty. Truman and UMSL have real CS programs staffed by real CS faculty. Rolla is a proper research university. CofO, on the other hand, has one faculty member whose industry experience is closer to "IT" than "SWE" and their curriculum is out-gunned by most community colleges. Honestly better off getting industry certs through a community college program.
I'm a proponent of affordable open access. I think that work produced using even a penny of federal grant money should only be published in open access venues where publication fees (including eg mandatory conference attendance) are capped at $500. (In particular, these means a permanent remote attendance option at all CS conference... no more "good work doesn't get published because the author is at a community college and can't afford a one week European beach resort vacation".)
The opinion expressed in the parent comment is (perhaps unwittingly) extreme and doesn't even solve the problem.
First, the "no paywalls" solution does not even solve the problem! What happens in practice is that publishers shift the cost from the reader to the author by charging MASSIVE open access fees to publish. The taxpayer gets screwed by the publisher on the front-end instead of the back-end. Any solution needs hard upper limits on the cost of publishing.
Second, open access requirements should be scoped to work paid for with public funds. Professors should be allowed to write books and publish them through the university press as long as they do the work on their own time (or the university's time). Graduate students should be allowed to do off-hours consulting work to make ends meet during their PhD studies.
> the privilege is being able to get a salary without caring about his activity that adds the most value for society... working most of your time documenting why you should get a promotion... But it's one of the many very real problems academia has nowadays.
There are 4,000 colleges and universities in the US. At the VAST majority of those institutions -- perhaps 80% -- professors spend 40 hours per week teaching courses. They teach 3 university courses per semester with 40-400 students per course, with the lower enrollment courses requiring a pretty heavy lift per student (lots of office hours, labor-intensive grading of proofs or long papers or large programs, etc). That's 40 hours of work, sometimes more.
Hacker news massively over-estimates the number of "elite R1 faculty" and under-estimates the number of faculty who are essentially just college teachers.