Russkies Have Balls.

Good thing they’re too weak at the moment to come after us. They’re really good.

Moscow police arrested the director of a BVI registered foreign company who allegedly used forged documents to embezzle over 1.28 billion rubles ($23 million) from the Atom Research Training Center for New Technologies and Materials, a Moscow-based subsidiary of state owned Rostec.

[T]he suspect and his accomplices forged a promissory note dated February 8, 2012 that said a state owned research center had assumed the financial liability of the … company in the amount of 1.28 billion rubles.

… Later, the suspect evidently found a notary who assisted him in creating a payment request for the research center. After the research center refused to pay, the notary prepared a deed of protest to take the dispute to court.

It’s the “take the dispute to court” thing that gets me. American fraudsters, having been refused payment, would almost certainly not draft a deed of protest and go to court. That’s the sort of brash, high-risk move from which stateside swindlers would shrink. Our guys would be unwilling to go all the way.

“…Club Spinnaker owners said their staff meticulously monitors …

underage drinking …”

They do, however, miss the occasional gang rape.

[Two Troy University] students were arrested and charged with sexual battery by multiple perpetrators … [T]he alleged rape took place sometime from March 10, 2015, to March 12, 2015, behind Spinnaker Beach Club, a popular bar and dance club for spring breakers.

Club Spinnaker’s owner has been among the most eloquent critics of Panama City Beach’s efforts to change its way-welcoming spring break rules.

“In an influential paper, the economists Kevin M. Murphy and Robert W. Vishny, both at the University of Chicago Booth School of Business, and Andrei Shleifer at Harvard University argue that countries suffer when talented people become what we economists call ‘rent seekers.’ Instead of creating wealth, rent seekers simply transfer it — from others to themselves.”

Does Sendhil Mullainathan realize how many layers of irony there are in his citing Andrei Shleifer as an expert in self-aggrandizement??

Or does he think we’re supposed to forget about Shleifer having been found liable for conspiracy to defraud the federal government?

Diamandopoulos: If you seek his monument, do the math.

Entertaining his old friend on the board, John Silber, over dinner and drinks ended up costing Adelphi $546. Dr. Silber was president … of Boston University.

The next day, food and drinks with another trustee, Hilton Kramer, and a second guest cost the university $707. Mr. Kramer [was] The New York Observer’s art critic and a media critic for The New York Post.

The meal charges were actually modest; it was the bar tab that drove up the grand total. The bill was $454 for the 1982 Brion wine and Martell 100 cognac that Dr. Silber and Dr. Diamandopoulos drank. And the 1983 Chaval and Martell that he and Mr. Kramer sipped cost $552.

… Among Dr. Diamandopoulos’s expenses highlighted by Amy Gladstein, a lawyer for the Coalition to Save Adelphi, was a $579 pen he ordered for Ernesta Procope to celebrate her election as board chairwoman.

There was also the $82,314 Mercedes that Adelphi provided to Dr. Diamandopoulos.

RIP.

“Faced with an eleven year cover-up, a mutilated corpse and a mother whose life has been utterly destroyed, Regent Linda Cohen responded by saying, ‘I am really proud of this university.'”

UD‘s buddy Carl Elliott does not mince words in the matter of the University of Minnesota and the death under its care of Dan Markingson.

There’s simply too much pharma money at stake for anything like true remorse, much less meaningful change.

But expressions of pride in the university in these circumstances are … UD has no words for that.

A black Chrysler 300 and a luxury golf cart, or heads will roll!

The brief, bittersweet presidency of Thomas Elzey.

“In the months leading up to his resignation in November 2013, Dobelle’s legal bills totaling approximately $100,000 had been submitted to the university, which in turn sent them to the state attorney general’s office.”

Eh. You don’t wanna know.

You do?

Go here. Scroll down. Start reading.

Oxygen Debt on Everest

Everest (cough) College, long perceived by observers as a towering fraud on all Americans, has now collapsed, hurling hundreds of suckers down to Base-Camp Debt.

In Canada, the government has forced the for-profit’s closure (UD thanks a reader, Jack, for this news); here in the States, Shit-Mountain Everest has shut itself down

as part of a deal with the Department of Education, which last summer froze the institution’s financial-aid payments after it failed to provide the DOE with a series of required records, including job-placement and attendance statistics.

Why was this stupid scheme allowed to go on for so long? And why are the many other Everests out there still allowed to strand American and Canadian debt-mountaineers? Is anyone really surprised that the latest thing to happen is a debt strike?

On Monday, [fifteen] people who took out loans to attend … announced that they are going on a “debt strike,” and will stop repaying their loans. They believe that they have both ethical and legal grounds for what appears to be an unprecedented collective action…

Wow, unprecedented. Who could have foreseen that if your country has no laws against criminal for-profit antics, suckers will fall for their ploy and eventually – with perfectly plausible moral justification – refuse to pay up?

“While the vast majority of travel conducted by staff members is in standard class, there may be some occasions where first class travel is required to allow for a more confidential working environment while travelling.”

I could explain what the fuck I mean by “confidential” in that sentence, but I’d have to kill you.

Econ 101: Intro Russian Oligarchs

[Penn State Professor Andrey Vavilov’s] foundation has donated more than $1 million to Penn State, where he is a visiting scholar. He appears to relish that connection, displaying a football signed by Joe Paterno, the longtime coach, in his Time Warner pied-à-terre, according to someone who visited there.

New York City: A Shell of its Former Self

“You are unlikely to bump into neighbors wandering the halls because only about a third of the owners live there at any one time,” explains the paper of record about one of several buildings in New York City full of condos purchased by shell companies and rarely lived in by human beings. “The building’s annual holiday party is a lonely affair,” not only because no one’s home, but also because a lot of the owners are, uh, not inclined to show up in public. On the advice of their lawyers.

One of these guys, Wang Wenliang, is on the board of NYU.

First, UD realized that the clever clogs at her own George Washington University were solving the …

… shrinking market for law students in a manner so byzantine it would take up a chapter of Corpus Historiæ Byzantinæ if Hieronymus Wolf were still alive. Then, after talking to a buddy on the Georgetown University law faculty, she began to realize that the very same byzantine practice goes on there, and is in fact spreading among all but the lowest ranked law schools in America.

The lowest ranked can’t do it because it involves netting (details here) huge shoals of second-year transfer students from law schools in the abyssopelagic rather than hadalpelagic zone.

Although I guess if you’re the nadir in the States – like, for instance, Arizona Summit (someone there probably thought it’d be clever … distracting? … to name the place Summit) you can try harvesting a school of foreign fish (though given many differences among legal systems, this would be a challenge).

The small fry are starting to fight back. Not only is Arizona Summit fucking with its first-year curriculum, making it difficult both to get a good grade point average and to have taken the sorts of courses you need on your transcript to move to the second year curriculum at many schools. Also:

Arizona Summit students have to meet with a dean at Arizona Summit before they transfer and before they can get their transcripts.

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Before their transcripts are released, female Arizona Summit students have to submit to a mandatory transvaginal ultrasound.

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Just kidding.

That’s not happening yet.

Think Skanks.

It’s so much easier to whore yourself when you’re a think tank than when you’re a university. Think tanks don’t really have any of the public accountability universities do. Washington think tanks are increasingly set up to make money by prostituting their intellectual work to paying foreign governments. Pressure is building for some of them to do the decent thing and register as foreign agents.

“It is particularly egregious because with a law firm or lobbying firm, you expect them to be an advocate,” [says one observer]. “Think tanks have this patina of academic neutrality and objectivity, and that is being compromised.”

UD ain’t sayin’ some professors at some universities (some departments at universities) don’t get away sometimes with whoring themselves to corporations and governments. This blog couldn’t stay in business without global pharma having its way on a semi-regular basis with some universities, and without econ professors issuing custom-built papers the real estate industry, for instance, pays them to write… She is saying that, as in the recent dual but failed assault on the university’s virtue by rich Jonnie Williams and handsome Governor Vaginal Probe, American universities tend to do a pretty good job of defending ye olde patina.

Think tanks? Meh.

“We allege the former president of this university blatantly misused public funds that were nothing but weeklong vacations with family and friends.”

To tell you the truth, UD‘s gotten pretty tired of Evan Dobelle, the man out to prove that even if you’ve got a long public record of misuse and maybe outright theft of funds, there’s always another sucker university out there to crown you president.

Evan Dobelle is the “Catherine” of the twenty-first century American university… Catherine being one of the many aliases of Theresa Russell’s Black Widow (“She mates and she kills.”). Catherine kept blatantly marrying rich men and almost instantly after that killing them, but no one ever seemed to notice, and new men just kept on marrying her. Cuz she was pretty and all.

In the case of serial president Dobelle, there wasn’t any Debra Winger around to scream at all the stupid male FBI agents that there’s a pattern here!… One after another school fell for his sweet talk and failed to do the sort of background check that might have uncovered his penchant for disemboweling universities…

So now the Massachusetts Attorney General is going to try to get some of the state’s money back from Dobelle-Trobelle Dobelle…

The AG’s lawsuit against Dobelle seeks damages, civil penalties, costs and attorney’s fees associated with the AG’s ongoing investigation, and the costs of the OIG’s investigation. The AG’s Office will continue to review the OIG’s recent detailed report. Today’s lawsuit does not foreclose the potential for additional action.

UD is tired of Dobelle because he seems to UD what she would call a mild psychopath and is therefore boring. UD and Mr UD have a longstanding endless argument about this. Mr UD says psychopaths are fascinating and UD says only movie psychopaths are interesting because the scriptwriter typically gives them bold slashing ambition and eloquent self-awareness (Catherine, Hannibal the Cannibal, Dr. Robert Elliott), whereas in real life most of them turn out to be – at one end – inarticulately compulsive anti-social nasty petty gameplayers (this seems to UD Dobelle’s type), and at the other end raving dangerous lunatics. Why, UD always asks when they enter this well-worn terrain, should UD waste a moment of time with either type? Except to learn about how to protect herself from them?

Anyway. UD wishes the AG well in her effort to recover some money from the guy. The problem is, he’ll keep playing legal games (he’s counter-suing his most recent ATM) until it’s not worth the state’s while.

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UD thanks James.

Buffaloed

UD just scored “Solid Liberal” on the Pew Political Typology quiz, and she’ll certainly vote for Hillary Clinton (unless Elizabeth Warren runs); but let her say again that Clinton should stop taking hundreds of thousands of dollars from American universities in exchange for giving speeches on their campuses.

It doesn’t matter that she takes their money and puts it in her charitable foundation; it doesn’t matter that the universities get the money they give her from ticket sales and booster organizations. It matters that

1. large sums of money that might have been used for education – and, at places like SUNY Buffalo, public education – are being syphoned off for the use of a politician; and that

2. the outrageously inflated amounts – in exchange for Clinton standing up for thirty minutes or so and reading a speech someone wrote for her – make Clinton look as money-grubbing as Eric Cantor.

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