• Tips gratefully accepted here. Thanks!:

  • Recent Comments

    Seagrl on Howard and Hillary
    William on Howard and Hillary
    Ivory Bill Woodpecke… on Howard and Hillary
    William on Howard and Hillary
    Catscatscats on Howard and Hillary
    Seagrl on Howard and Hillary
    Catscatscats on Howard and Hillary
    Catscatscats on Howard and Hillary
    Catscatscats on Howard and Hillary
    Ivory Bill Woodpecke… on John Dean is still right
    Seagrl on Howard and Hillary
    riverdaughter on John Dean is still right
    riverdaughter on John Dean is still right
    riverdaughter on John Dean is still right
    riverdaughter on And now a word from High …
  • Categories


  • Tags

    abortion Add new tag Afghanistan Al Franken Anglachel Atrios bankers Barack Obama Bernie Sanders big pharma Bill Clinton cocktails Conflucians Say Dailykos Democratic Party Democrats Digby DNC Donald Trump Donna Brazile Economy Elizabeth Warren feminism Florida Fox News General Glenn Beck Glenn Greenwald Goldman Sachs health care Health Care Reform Hillary Clinton Howard Dean John Edwards John McCain Jon Corzine Karl Rove Matt Taibbi Media medicare Michelle Obama Michigan misogyny Mitt Romney Morning Edition Morning News Links Nancy Pelosi New Jersey news NO WE WON'T Obama Obamacare OccupyWallStreet occupy wall street Open thread Paul Krugman Politics Presidential Election 2008 PUMA racism Republicans research Sarah Palin sexism Single Payer snark Social Security Supreme Court Terry Gross Texas Tim Geithner unemployment Wall Street WikiLeaks women
  • Archives

  • History

    January 2012
    S M T W T F S
    « Dec   Feb »
    1234567
    891011121314
    15161718192021
    22232425262728
    293031  
  • RSS Paul Krugman: Conscience of a Liberal

  • The Confluence

    The Confluence

  • RSS Suburban Guerrilla

  • RSS Ian Welsh

    • Open Thread
      Use the comments to this post to discuss topics unrelated to recent posts.
  • Top Posts

Thursday: Assholes R Us

Did you see this list of the top majors for the 1%?

We got an interesting question from an academic adviser at a Texas university: could we tell what the top 1 percent of earners majored in?

The writer, sly dog, was probably trying to make a point, because he wrote from a biology department, and it turns out that biology majors make up nearly 7 percent of college graduates who live in households in the top 1 percent.

According to the Census Bureau’s 2010 American Community Survey, the majors that give you the best chance of reaching the 1 percent are pre-med, economics, biochemistry, zoology and, yes, biology, in that order.

Undergraduate Degree Total % Who Are 1 Percenters Share of All 1 Percenters
Health and Medical Preparatory Programs 142,345 11.8% 0.9%
Economics 1,237,863 8.2% 5.4%
Biochemical Sciences 193,769 7.2% 0.7%
Zoology 159,935 6.9% 0.6%
Biology 1,864,666 6.7% 6.6%
International Relations 146,781 6.7% 0.5%
Political Science and Government 1,427,224 6.2% 4.7%
Physiology 98,181 6.0% 0.3%
Art History and Criticism 137,357 5.9% 0.4%
Chemistry 780,783 5.7% 2.4%
Molecular Biology 64,951 5.6% 0.2%
Area, Ethnic and Civilization Studies 184,906 5.2% 0.5%
Finance 1,071,812 4.8% 2.7%
History 1,351,368 4.7% 3.3%
Business Economics 108,146 4.6% 0.3%
Miscellaneous Psychology 61,257 4.3% 0.1%
Philosophy and Religious Studies 448,095 4.3% 1.0%
Microbiology 147,954 4.2% 0.3%
Chemical Engineering 347,959 4.1% 0.8%
Physics 346,455 4.1% 0.7%
Pharmacy, Pharmaceutical Sciences and Administration 334,016 3.9% 0.7%
Accounting 2,296,601 3.9% 4.7%
Mathematics 840,137 3.9% 1.7%
English Language and Literature 1,938,988 3.8% 3.8%
Miscellaneous Biology 52,895 3.7% 0.1%
Source: 2010 American Communty Survey, via ipums.org
{{hangs head in shame}}

See??  This is yet another reason to invest in research.  If you don’t keep us in the lab and pay us well, we’ll go to work on Wall Street.  Nice economy you’ve got there.  Be a shame if something *happened* to it.

I suspect that the large number of geeks on Wall Street represents the number of quants hired to construct and run the dynamic models.  Take D. E. Shaw, billionaire biologist, for example. While he’s running a hedge fund, he’s got a sideline creating molecular dynamics simulations programs on proteins.  I can definitely see the crossover but what the top dogs probably fail to realize is that to the geeks, the programs are just research, as in “what would happen if we tweaked this parameter?” and there goes the Euro. God, help us.

Ironically, major pharmaceutical companies are run by former ketchup company executives and salesmen.  Go figure.  What we really need is for everyone to stick to their own kind.  No more of this mixing of the majors.  It’s unnatural.

However, this study just confirms my suspicions that it is much easier for a hard sciences major to learn business and finance than a business major to learn the hard sciences. And we in the research industries are going to pay for that lack of intellectual reciprocity.

***********************************

Did you catch the article in Vanity Fair titled National Public Rodeo about the Juan Williams at NPR fiasco?  There’s a sad little tale of karmic justice in it, considering the way the candidates and Fox treated him in South Carolina.  His story sounds vaguely familiar.  Stop me if you’ve heard this before.

Flashy African-American dude with gigs at prestigious institutions gets hired by a bunch of solidly middle class, no-nonsense, Minnesota-type liberals.  They’re thrilled to be adding to the diversity of their lineup; he thinks he’s doing them a favor.  Turns out he’s an “idea rat”, not a workhorse, he’s considerably more conservative than they realize, and he has a history of lack of respectful treatment of women.  They would have known this if they had bothered to check out his background a bit more thoroughly but they’re blinded by their instinct to do good or fear of looking unfairly and tastelessly bigoted.  The staff and management try to accommodate his quirks and his moonlighting for their arch enemy.  But after half a decade, it’s just not working out.  They try talking to him but whenever they try to rein him back in, he starts accusing them of racism.  Everything is racism to him.  Racism, racism, racism.  So, they sit and wait until he royally fucks up in some spectacular way and then they fire him.  And the ones who fire him who end up losing their jobs in a firestorm of conservative vs liberal rhetoric- and accusations of racism.

It’s either a misunderstanding of worldviews or it’s a clever, common strategy to accuse your detractors of the most vile, prejudicial instincts in order to get what you want.  Too bad it bit him in the ass in South Carolina.  I almost feel sorry for the guy.  But he took the bait from Fox News and they own him now.

****************************

I’ve been following Jeff Jarvis’s Tweets from Davos, Switzerland.  He snarked this tweet late yesterday:

jeffjarvis Jeff Jarvis

Now in the more fun part of #WEF: brainstorming sessions. Surprising that execs will play.

Jeff seems astonished that there is still no sense of responsibility among the uber rich.  They either don’t realize or callously don’t care about all of the misery they’re causing.  Or, maybe it’s all part of the plan.  What strikes me as odd about the very rich is that it seems like they live in a California-esque paradise of self-esteem programs.  No one has ever told them what stupid, selfish excuses for human beings they are.  They’ve never had any “character building” experiences.  You know the kind?  Whenever you needed something really badly, like a college education, and your parents didn’t have the cash to at least keep you from starving, they always said it would build your character?  I should have a rock solid foundation of character by now.  Not so the uber rich.  Their voices are “full of money” and they have no sense of guilt for running over people who get in their way.

jeffjarvis Jeff Jarvis

BofA’s Moynihan responds that bankers will bear their scars for many years to come. So will we all. #wef

Somewhere, I hear the world’s tiniest violin…

****************************
The right’s boogieman, George Soros, says that if Mitt Romney is the nominee, there won’t be much of a difference between a Obama administration and a Romney administration.  The best shot Democrats have to retain the White House is for Santorum or Gingrich to get the nomination.  I happen to disagree with this.  Republicans, well, movement conservatives, will pull out all of the stops if Gingrich gets the nomination.  They want to win and all of the misery of the past three years will be dumped on Obama, some of it for good reason.  He squandered his opportunity to drag the country leftwards to the middle when he first took office and had a filibuster proof majority.

And why did he fail to do that?  It’s because he doesn’t believe in it.  He told you on Tuesday night that he was a moderate Republican.  He’s been saying that for four years now.  His heros are Ronald Reagan, Teddy Roosevelt and Abraham Lincoln.  Doesn’t anyone ever notice that he doesn’t cite any Democrats as his role models?  Well, for one thing, no one believed that crap about him being the second coming of FDR so he had to drop it.  I think that forcing him to actually say he is a Democrat supporting strong Democratic values is physically and psychologically painful for him but I encourage the doubters to try.  Try to make him say something nice about LBJ or Bill Clinton.  Watch him flinch.

Anyway, Soros says he’s worried about the Supreme Court.  I’m not too worried.  I suspect that Ruth Bader-Ginsburg will announce her retirement before the election and will be replaced.  That leaves the composition of the court stable.  It would be different if Alito or Thomas or Kennedy stepped down but for some reason the Supremes have a history of living to a ripe old age whether we like it or not.

Here’s the rest of Soros’ interview from Davos, who, by the way, is also suffering from the failure to imaginate any other contest than the one between the Republicans and the Republican disguised as a Democrat. There are simply no other alternatives, like, replacing the Republican running as a Democrat with a real Democrat. I’m beginning to think that Soros is the one playing 11 dimensional chess here.:

11 Responses

  1. it is all so confusing. 🙄

  2. however the best indication of reaching the top 1 percent by far is being born in to it.

    Have to go, very interesting post.

  3. At some point we will need a handy figure of speech to isolate and name the very tippy toppest OverClass Money-Power lords. Something like the One Per Cent Squared. Or the One Per Cent Cubed. Or something.

    The OverClass get their effective functional power from all the Working One Per Centers who worship them and carry out their every wish. If the Working One Per Centers were to tranform their devoted worship of the OverClass into murderous hatred for the OverClass . . . and use their talent to help us tear the OverClass down and destroy it,
    then we would get somewhere faster. Will we at some point be able to win over the Working One Per Cent? Or at least some of it?

    • Sqrt of -1%?
      Can we win them over? Depends on what kind of regime they grew up under and whether there’s anything in it for them. they’re probably already very well compensated but do they want to go all revenge of the nerds. They have the power. The problem is what will they do with all that money in a broken global economy?

    • The term .01% is already going around. Would it fit?

  4. If this administration has taught us anything it’s how easily people’s perceptions can be screwed with. Can you name a time in history that democrats supported someone who supports assasinations, indefinite prison sentences etc.? It’s unheard of! Where’s Democracy Now, Move On?

  5. ot/but I

  6. ” Republicans, well, movement conservatives, will pull out all of the stops if Gingrich gets the nomination. ”

    I suppose you mean in swing states you’re familiar with? The GOP gets the electoral votes of Red States already.

    Otoh, Gingrich as nominee will bring out Clintonistas and Bots who might sleep through Romney vs Obama.

    • Nope, I will never vote for Obama because of the way he played the primary and because, as predicted, he turned out to be a lousy president. If this is some kind of game of chicken te Demicrats aesthetic playing, I advise them to stop.
      There’s nothing that says I have to bite for either party, especially if I find both choices not to y liking. There are other candidates on the allot. Those names are not just placeholders. They’re legitimate candidates that had to go through an awful lot of trouble to run.
      The thing is that if you accept the terror argument, you will never get the government you want. And if everyone believes there is no other choice but a dem or a Republican, that becomes a self-fulfilling prophecy. Let’s not do that anymore because it’s not working.
      No, there’s nothing you can do or say that will make me change my mind. Nothing.

Comments are closed.

%d bloggers like this: