Sunday, July 01, 2012

Stanford University Wins Top Collegiate Athletic Program Honors for 18th Straight Year by Taking Division I NACDA Directors Cup Again - Florida 2nd UCLA 3rd Buckeyes 4th Seminoles 5th Longhorns 6th USC 7th Tar Heels 8th Texas A&M 9th Michigan 10th

The Learfield Sports NACDA Directors Cup for the top college athletics program has been won for the 18th straight year in Division I by Stanford University.

See NACDA OFFICIAL ATHLETIC SITE - Directors Cup.
NACDA =  National Association of Collegiate Directors of Athletics

Final standings for Division I - in 2012 won by Stanford University, Palo Alto, California (2nd Florida, 3rd UCLA, 4th Ohio State, 5th Florida State, 6th Texas, 7th Southern California, 8th North Carolina, 9th Texas A&M, 10th Michigan).

Final standings for Division II - in 2012 won by Grand Canyon University, Phoenix, Arizona

Final standings for Division III - in 2012 won by Middlebury College, Middlebury, Vermont

Final standings for NAIA - in 2012 won by Azusa Pacific College, Azusa, California, 

See our posting last year about the basics of this award and a competing award at The Best College Athletic Program? Stanford Wins Learfield Sports Directors' Cup as Top University for Division I Athletics for the 17th Straight Year: Competing NCAA Capital One Cup is a Farce.

Crossposted at SportPundit.


David Brooks on the Roberts Health Care Case Opinion as Modesty and Audacity

At the New York Times, David Brooks has a special take on Chief Justice Roberts' judicial opinion in the Affordable Health Care case at the U.S. Supreme Court - see Modesty and Audacity.

If we go by Brooks, Roberts has done the near impossible, deciding the Health Care case without necessarily repelling major political fronts but rather inducing them to settle the major problems politically, which is their job.

Hat tip to CaryGEE.

By the way, read what we wrote about the tax argument -- that became the deciding issue for the case -- at Stanford Law Prof Greely Blogging on Obamacare Oral Arguments Before the Supreme Court: Day One, where we identified the tax argument as a serious alternative for the Court.

The tax issue indeed became the Supreme Court's escape hatch to keep the Court from becoming "a political referee" on other issues, which it should not be.

The Euro Zone Bank Bailout and Understanding the Current Debt Crisis as a Financial World in Deleverage : Bill Gross, Founder and Manager of PIMCO, World's Biggest Bond Fund, Gives Us the Nuts and Bolts

William H. Gross ("Bill"), founder and manager of Pacific Investment Management Co. (PIMCO), the world's biggest bond fund, has said that Europe is in a Debt Trap, Even After the Bank Bailout.

Bill Gross is a very bright guy, be sure about that, so his opinion carries weight with this author, and it is advisable to read what he writes.

We do think that Europe is stronger than Americans can imagine and we think that the USA by contrast has serious economic, political and social problems to solve down the road, so we are not necessarily in agreement with Gross on his conclusions that America is currently a better investment than Europe. But then again, we are not managing a $250 billion fund, and Gross does.

What Gross has been writing recently at his Investment Outlook page at PIMCO is outstanding in delivering basic economic knowledge (from an investment standpoint) about a world that is "delevering".

If you really want to get a nuts and bolts view of the current world debt situation, the PIMCO writings of Bill Gross are an absolute reading must.

Below are links to some of his writings at Investment Outlook at PIMCO together with excerpts we have chosen to give an idea about the content:

The Great Escape: Delivering in a Delevering World by William H. Gross:
"[T]he Great Leveraging of the past 30 years .... was a world not of yield, but of total return, where price and yield formed the returns that exceeded the ability of global economies to consistently replicate them. Financial assets relative to real assets outperform in such a world as wealth is brought forward and stolen from future years if real growth cannot replicate historical total returns."
Wall Street Food Chain by William H. Gross:
"The whales of our current economic society swim mainly in financial market oceans. Innovators such as Jobs and Gates are as rare within the privileged 1% as giant squid are to sharks, because the 1% feed primarily off of money, not invention. They would have you believe that stocks, bonds and real estate move higher because of their wisdom, when in fact, prices float on an ocean of credit, a sea in which all fish and mammals are now increasingly at risk because of high debt and its delevering consequences. Still, as the system delevers, there are winners and losers, a Wall Street food chain in effect."
What's in A Name by William H. Gross:
"An authentic debt crisis – which the world is now experiencing – can only be ultimately cured in two ways: 1) default on it, or 2) print more money in order to inflate it away."
See links to all of the articles by Gross at Investment Outlook Overview.

Europe Bank Bailout Agreed To as European Leaders of 17-Nation Euro Zone (Eurozone) Agree to Roll Over Existing Debt and Recapitalize Troubled Banks Directly Out of the ESM

Europeans Agree to Use Bailout Fund to Aid Banks is the headline by Steven Erlanger and Paul Geitner at the New York Times Global Business with Reuters.

The solution agreed to by the 17-member Euro zone (Eurozone) is something that has been apparent as an alternative for a long time, which is that existing debt must be rolled over and troubled banks recapitalized directly from the Eurozone bailout fund, the European Stability Mechanism (ESM).

For skeptics, just presume that the people doing this bailout understand banking and also appreciate what "money" at the level of billions and trillions represents.

Debt is never just "one-sided".

You have people and institutions who owe money, and you have people and institutions to whom money is owed.

So why is THAT a crisis? That is the normality in banking.


When trouble surfaces, that can always be settled at the level of nations, much in the same way that personal bankruptcies can be settled.

There is an old saying that goes something along the lines that "fun" does not create alliances, but that sharing "trouble" does, so that all-in-all, the Eurozone's problems are probably good for creating a stronger Europe.


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