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Military-Academic-Industrial Complex

It is well-known that former US President Dwight Eisenhower, in his 1961 farewell address to the nation, wanted to speak not only of the military-industrial complex that became the renowned phrase that it is, but rather of the military-academic-industrial complex (The University in Chains: Confronting the Military-Industrial-Academic Complex 2007), Henry Giroux, pp 13-15), what we are here calling the MAIC. Former US Senator J. William Fulbright spoke publicly of the same thing in 1968. As you visit US college and university campuses today, you easily see the extent of the military-academic-industrial complex. Companies and academia are big business, and while the “end” of the cold war took away the spotlight from the relationship between academic and the military, “defense” monies easily find their way into the university and out again to defense contractors. Corporations fund endowed professorships, schools outsource fundamental operations such as their bookstore to corporations like Barnes and Noble, and universities offer advertising space on brand-new plasma screens installed in said bookstores. Ads for everything from spring break vacations in Mexico to jobs at Lockheed Martin plaster the walls of today’s campuses.

This is all the more heinous now given the interrelationships between universities, corporations, and capital. The precipitous fall in university endowments is linked not only to the contemporaneous use of business models in the governance of universities, but also on the transplantation of corporate fund managers to highly-paid positions in the university hierarchy. This is an invasive transplantation, as fund managers more accustomed to the risk profiles of hedge funds are ill-equipped to managing much more conservative portfolios such as those of a university, an institution that is predicated on continued existence without the possibility of being “sold” or “broken up” in any type of “bankruptcy” proceedings. Indeed, it has been reported that Harvard University’s endowment was, at one point recently, leveraged 105 percent… meaning that it had invested more than it actually had on hand. While this may be a common tactic of those who come from a corporate finance background, it becomes downright distasteful in the context of an institution such as a university. Yet the University jumped on the bandwagon of hedge funds, real estate speculation, and investment in private equity, enticed by the thought of big returns. However, as soon as the investments went down, the endowments tanked as well.

While the day-to-day functioning of the University in the United States is vested in the oLces of the President, Provost, and various Vice-Presidents, the overall strategic direction is governed by a Board of Trustees or, in the case of public universities, Regents. Private colleges and universities are actually chartered as non-profit corporations and, as such, legally require these Boards in order to exist. These Boards function quite similarly to their counterparts in the corporate world, the Board of Directors: trustees have final say on all tenure decisions, they set fund-raising goals, decide on capital projects, and help set the direction of endowment investment. Thus, they are also implicated in the horrible decline in endowment monies experienced by many schools in the last year. However, their activities and deliberations are done almost entirely in secret: while there is a token movement towards transparency in the convening of public “forums” during regular trustee meetings, most proceedings are done behind closed doors. Such lack of transparency has been one of the most prominent issues raised by the recent protesters at NYU and the New School.

Indeed, the links between schools, corporations, governments, military
activities around the world become rather frightening once you start
putting it all together-which is of course why there is a lack of
transparency in the first place. 

Read more at http://maicgregator.org/ - MAICgregator searches government funding databases, private news sources, private press releases, and public information about trustees to try and produce a radical cartography of the modern university via the replacement or overlay of this information on academic websites.

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As mentioned on HPD last Saturday, there will be a strike at UNSW today by the NTEU.

The strike is centred around expired Enterprise Agreements that the Management are refusing to resign leading to negotiations having stalled.

Unfortunately, the power of this strike seems limited.

Around campus most students are either: going to come to class because their lecturers said they were coming, treating it as a holiday, or completely ignorant of why the NTEU is striking.

The problem is high-lighted when we consider that for most people a strike seems like an inconveniance.

A not all together unpredictable state of affairs, but one that shows the gulf that has grown between students and staff and the work that may need to be done to bridge it.

 

 

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Why has homepage started running so many nameless 100 word eds? Names are good for intellectual continuity, honesty and non-hypocrisy. - Terry McGee

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We thought the Bale de Rua was aweful. Choreography was terrible - set design, music and costumes were lacklustre. The dancers however were very athletic and graceful. - Jules

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I just wonder who decides if what ever you chose to do in life, is mediocre or not. Sounds like with standards like yours, this article with its poor structure and soap box appeal may also be considered by many as, in-fact, mediocre. - Khedra

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Re: The Assassins of Langley

Yes, Mr. Neville. Odious, heinous assassins sold body and soul to Luciferian entities who pull the strings (the last of them, I want to believe) from the shadows. Philip Aggeee and John Stockwell portrayed them quite well. They are NOT heroes, nor are the gangbangers of East Los Angeles who spray grafitti in Iraq, where they most certainly train for urban warfare on our streets. Good riddance to them all!

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Re: Hairy Legs: A Study of Female Art, Feminism and Femininity

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A hero's welcome for the famous Iraqi shoe thrower

Terrorist! Please do your research first before writing such dangerous things, we was insulting Bush by throwing the shoe as he was disgraced with him, not trying to topple the largest super power in the world by throwing a shoe. I cant believe you have put those words up. Ashamed

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Re: How to Report the News

Having worked as a TV news reporter I found Charlie's piece very amusing - some of us have long believed reporting like this is a rubbish way to do things! But even if a journalist wants to tell stories in a more authentic and engaging way, the constraints of the so-called "house style" in many news organisations make it difficult to achieve. What's needed is a massive culture shift and a complete re-think of what we understand quality broadcast news reporting is. And guess what? That's exactly what's happening, though you'd never believe it from what we're still mostly seeing on TV. Anyway, the new digital technologies, and shake up of "old school/old mainstream" journalism means new platforms and styles of "news" storytelling can now emerge. Let's hope fresh and appropriate ways of funding appear too, so we can kill off this dreadful formulaic reporting and delivery, and clear the way for more natural and interesting ways to treat stories and content.

Much love, Ian Aspin.
www.twitter.com/ianaspin

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Re: Pushing 60 With Pot

You're pushing 60, well I'm pushing 70 and still having to scrounge around for my pot. It's tragic that when I first came to Australia it was $30 an ounce, and now I have to pay nearly $350 - Peter

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Re: Killing Indian Students: Australia's Favourite New Sport!- by Sean Maguire

How about the indian guy who slashed his wife's throat, is still australia to blame for?..may be , for accenpting them to move over!I am an immigrant myself but I love this country, there is no perfect place on Earth but australia is one of the best! - Michael

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This entire fiasco is an incredible over reaction. Australia is an easy target. Why? because we are honest, transperant and we talk about our failings. Is there aggression and iolence in Australia? Sure, like any country. But we face it head on and we work to eliminate it. What about the stories of the 100’s of thousands of Indian workers who are treated as slaves in the middle east and nobody says anything? What about the fact that India still has entrenched pedophilia in terms of child brides? What about the crushing poverty embraced by more than 60% of the Indian people while this nation runs around building nuclear warheads? A storm in a teacup, an over reaction, and a diversion from some the really bad issues facing India. What is really happening here is that students are being unnecessarily frightened. meaning they will miss out on what could be the opportunity of their lifetime. - Daryl
 
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I couldn't agree with Sean Maguire's article more on the recent Indian attacks. For all those who like the pretend the attacks are merely based on coincidence, try to imagine how we would react if the boot were on the other foot and an uncharacteristic number of Australia's had been murdered in India. Would you push for a travel ban? Would you be scared for your children in a seemingly hostile environment so many miles away?  - Kara Jensen-Mackinnon

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