{"id":15360,"date":"2017-05-28T19:14:05","date_gmt":"2017-05-28T23:14:05","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=15360"},"modified":"2017-05-28T19:14:05","modified_gmt":"2017-05-28T23:14:05","slug":"our-universities-arent-earning-the-money-we-give-them","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2017\/05\/28\/our-universities-arent-earning-the-money-we-give-them\/","title":{"rendered":"Our universities aren&#8217;t earning the money we give them"},"content":{"rendered":"<p><a href=\"http:\/\/www.theage.com.au\/business\/innovation\/our-universities-arent-earning-the-money-we-give-them-20170527-gwem64.html?promote_channel=edmail&amp;mbnr=MTQyOTU1Nzk&amp;eid=email:nnn-13omn658-ret_newsl-membereng:nnn-04%2F11%2F2013-business_news_am-dom-business-nnn-age-u&amp;campaign_code=13IBU020&amp;et_bid=29079643&amp;name=2033_age_busnews_am&amp;instance=2017-05-28--21-35--UTC\"><img data-recalc-dims=\"1\" decoding=\"async\" class=\"alignnone size-full\" src=\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2017\/05\/1496003751801.jpg?w=525&#038;ssl=1\" alt=\"\" \/><\/a><\/p>\n<p>From Ross Gittins at The Herald:<\/p>\n<blockquote><p>In an ideal world we&#8217;d be investing more in our universities, but our world is far from ideal. And so are our unis. They&#8217;re inefficient bureaucracies, with bloated administrations and over-paid vice chancellors&#8230;.<\/p>\n<p>It&#8217;s true our unis are obsessed by research, but any innovation this leads is almost accidental. The research the unis care about is papers published in prestigious foreign journals, which they see as the path to what they&#8217;re really striving for: a higher ranking on the various international league tables of universities&#8230;.<\/p>\n<p>The unsatisfactory state of our unis is partly the product of our federal politicians&#8217; \u2013 Labor and Coalition \u2013 decades-long project to quietly and progressively privatise our universities via the backdoor.<\/p>\n<p>Like so much misconceived micro-economic reform, this project hasn&#8217;t worked well. Put a decades-long squeeze on unis&#8217; government funding and what happens? The unis intensify their obsess with research status-seeking and do it by exploiting their market power over students \u2013 while building ever larger bureaucracies.<\/p>\n<p>There are some excellent teachers in universities, but they&#8217;re the exception. The unis pretend to value good teachers \u2013 and award tin medals to prove it \u2013 but, in truth, there are no promotions for being a good teacher.<\/p>\n<p>Students are seen as a necessary evil, needed because the public thinks teaching their kids is the main reason for continuing to feed academics&#8230;.<\/p><\/blockquote>\n<p>Universities are gaming the system, maximizing fee revenue by focusing on international rankings while lowering entrance requirements for students.<\/p>\n<p>There is too much emphasis on a &#8216;prestigious&#8217; university education and not enough on its practical application. Many students would benefit more from studying at technical institutes (many now rebranded as technical or polytechnic universities), technical colleges, TAFE or technikons which offer a balance between practical experience and theoretical studies. This includes not only engineering but architecture, nursing, finance, IT, education, and many other disciplines.<\/p>\n<p>Source: <a href=\"http:\/\/www.smh.com.au\/business\/innovation\/our-universities-arent-earning-the-money-we-give-them-20170527-gwem64.html\">Our universities aren&#8217;t earning the money we give them<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>From Ross Gittins at The Herald: In an ideal world we&#8217;d be investing more in our universities, but our world is far from ideal. And so are our unis. They&#8217;re inefficient bureaucracies, with bloated administrations and over-paid vice chancellors&#8230;. It&#8217;s true our unis are obsessed by research, but any innovation this leads is almost accidental. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2017\/05\/28\/our-universities-arent-earning-the-money-we-give-them\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Our universities aren&#8217;t earning the money we give them&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,14],"tags":[1871,2603,2743,2916,3273,3546],"class_list":["post-15360","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-interests","tag-international-ranking","tag-papers","tag-prestigious-foreign-journals","tag-research","tag-students","tag-universities"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Our universities aren&#039;t earning the money we give them - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Our universities aren&#039;t earning the money we give them - the patient investor\" \/>\n<meta property=\"og:description\" content=\"From Ross Gittins at The Herald: In an ideal world we&#8217;d be investing more in our universities, but our world is far from ideal. And so are our unis. They&#8217;re inefficient bureaucracies, with bloated administrations and over-paid vice chancellors&#8230;. 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And although students are working more hours at outside jobs and receiving more tuition assistance, student debt now exceeds credit card debt and\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7082,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/19\/reform-universities-by-cutting-their-bureaucracies\/","url_meta":{"origin":15360,"position":1},"title":"Reform universities by cutting their bureaucracies","author":"Colin Twiggs","date":"March 19, 2013","format":false,"excerpt":"Insight into the growth of bureaucracy in universities from The Conversation: In earlier times, Oxford dons received all tuition revenue from their students and it\u2019s been suggested that they paid between 15% and 20% for their rooms and administration. Subsequent central collection of tuition fees removed incentives for teachers to\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14006,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/08\/17\/how-to-counter-the-putin-playbook-the-new-york-times\/","url_meta":{"origin":15360,"position":2},"title":"How to Counter the Putin Playbook | The New York Times","author":"ColinTwiggs","date":"August 17, 2016","format":false,"excerpt":"Michael A. McFaul, director of the Freeman Spogli Institute and a senior fellow at the Hoover Institution, both at Stanford, served as United States ambassador to the Russian Federation from 2012 to 2014: ...We will not find security in isolationism. No missile defense shield, cybersecurity program, tariff or border wall\u2026","rel":"","context":"In &quot;Africa &amp; South America&quot;","block_context":{"text":"Africa &amp; South America","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/africa-south-america\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59735,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/12\/09\/flat-out-like-a-nation-sinking-matt-barrie\/","url_meta":{"origin":15360,"position":3},"title":"Flat Out Like a Nation Sinking | Matt Barrie","author":"Colin Twiggs","date":"December 9, 2024","format":false,"excerpt":"This lengthy essay by Matt Barrie on Australia's economic suicide is well worth devoting the time to read: Night view of Queen Street, Brisbane in 1959 Imagine you were given a singular task: to dismantle a nation \u2014 not with bombs, not with bullets, but from the inside out. Where\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Australian Fertility Rate","src":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2024\/12\/fertlityrate.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2024\/12\/fertlityrate.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2024\/12\/fertlityrate.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":10631,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/08\/17\/this-online-school-may-replace-modern-liberal-arts-colleges-quartz\/","url_meta":{"origin":15360,"position":4},"title":"This online school may replace modern liberal arts colleges | Quartz","author":"ColinTwiggs","date":"August 17, 2014","format":false,"excerpt":"Graeme Wood describes Minerva, challenging traditional education methods employed by liberal arts colleges: The paradox of undergraduate education in the United States is that it is the envy of the world, but also tremendously beleaguered. In that way it resembles the US health-care sector. Both carry price tags that shock\u2026","rel":"","context":"In &quot;Interests&quot;","block_context":{"text":"Interests","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/interests\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6495,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/14\/the-alarming-corruption-of-the-think-tanks\/","url_meta":{"origin":15360,"position":5},"title":"The Alarming Corruption of the Think Tanks","author":"Colin Twiggs","date":"December 14, 2012","format":false,"excerpt":"Bruce Bartlett writes: Rather than being institutions for scholarship and research, often employing people with advanced degrees in specialized fields, think tanks are becoming more like lobbying and public relations companies. Increasingly, their output involves advertising and grassroots political operations rather than books and studies. They are also becoming more\u2026","rel":"","context":"In &quot;US &amp; Canada&quot;","block_context":{"text":"US &amp; Canada","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/us-canada-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/15360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=15360"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/15360\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=15360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=15360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=15360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}