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Tuesday, April 8, 2008

[vinnomot] Fun and Easy Ways to Make Free Money., 4/9/2008, 12:00 am

Reminder from:   vinnomot Yahoo! Group
 
Title:   Fun and Easy Ways to Make Free Money.
 
Date:   Wednesday April 9, 2008
Time:   All Day
Repeats:   This event repeats every month on the second Wednesday.
Location:   http://www.freemoneyonlinesite.com/
Notes:   Do you feel like You are Drowning in a lake of bills? Every time you turn around someone is charging you a fee? The New Generation is here...... EVERYTHING FREE!

http://tinyurl.com/2635wn
Best Wishes,
Mizanur Rahman
mizanwah@gmail.com
http://www.freemoneyonlinesite.com/
 
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[vinnomot] CAIR Joins Capitol Hill Panel on Islam in U.S. Politics / CAIR Partne rs with '20,000 Dialogues'



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April 8, 2008 Forward to a Friend Support CAIR Contact Us Update Your Profile

CAIR Joins Capitol Hill Panel on Islam in U.S. Politics

(WASHINGTON, D.C., 4/7/08) - A representative of the Council on American-Islamic Relations (CAIR) recently took part in a roundtable discussion on "Islam in American Politics" at the Rayburn House Office Building in Washington, D.C.

CAIR's Nihad Awad joined former Ambassador Akbar Ahmed, Georgetown University President John J. DeGioia, Congressman Keith Ellison (D-MN), Dalia Mogahed of the Gallup Center for Muslim Studies, and John Esposito, founding director of Georgetown's Center for Muslim-Christian Understanding at the event, which was designed to "deepen the dialogue" on critical religious and political issues. Other panelists included Rev. Jim Wallis, founder of Sojourners ministries and magazine, and Ari Gordon, assistant director of interreligious affairs for the American Jewish Committee.

SEE ALSO: Islam and American Politics: Deepening the Dialogue

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CAIR Partners with '20,000 Dialogues'

(WASHINGTON, D.C., 4/8/08) - A prominent national Islamic civil rights and advocacy group announced today that it will partner with the "20,000 Dialogues" campaign to help bring Americans of different faiths together in communities nationwide.

The Washington-based Council on American-Islamic Relations (CAIR) and 20,000 Dialogues, a project of the Unity Productions Foundation (UPF), will use films about Muslims to "stimulate discussion and promote understanding." Each local dialogue could be compared to a book club that uses video instead of a written text. Films shown to dialogue participants will include "Muhammad: Legacy of a Prophet," "Cities of Light: The Rise and Fall of Islamic Spain" and "Prince Among Slaves"

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CAIR Op-Ed: Beyond Race Consciousness to God

We are the products of, in the words of Sen. Barack Obama, "the decency and generosity of the American people."

One of us, Larry Shaw, is the son of slaves who rose to become one of the highest elected state officials and the other, Parvez Ahmed, an immigrant who came to America seeking higher education but stayed for its values. Like Obama, only in America is our story possible. And we are not alone.

Despite our successes we have been at the receiving end of the post-Sept. 11, 2001, hysteria regarding the "other" in America.

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[vinnomot] Hardcore poltical party people, leaders and CTG share the blame for the worst economy in Bangladesh

Dear All,
 
I have been watching the current economical situation in Bangladesh as well as talking to the people on the ground in Bangladesh.  I am convinced now that there is a silent Famine/Hunger going on in Bangladesh and I am not sure what can be done unless all political parties, CTG and Businessmen come together to face this unwanted situation in Bangladesh.
 
I actually blame all hardcore political party people and leaders as well as CTG for the price hike of the essential items in Bangladesh besides the international price hike in the market.  Lets me explain why I blame hardcore political party people and leaders in Bangladesh for this unwanted situation in Bangladesh.
 
Political Parties share the blame for price hike:
 
I have asked all the political parties to give CTG until December 2008 to complete all the essential works that are required for the development and create an atmosphere for holding a legitimate MP election in Bangladesh.  But who does listen to this call?  There are many hardcore political party people in Bangladesh and Abroad have started to pull CTG legs from the day 1, and destroyed Bangladesh image to the world especially in near UN or embassies around the world to put Bangladesh a violent, undemocratic country which have helped to stop foreign investment in Bangladesh.
 
I am also convinced that there are few hardcore political party people who are working hard to sale the country to bring their leaders out from Jails.  They forget about 150 million people who are affected for their power lust in Bangladesh.  Now general people are paying the price for the infighting among ourselves for the next power of a bottomless country like Bangladesh.
 
I also understand that few of them where victim of anti corruption drive where they can not enjoy the free wealth they have acquired for the last 37 years.
 
CTG also shares the blame for price hike:
 
I also blame CTG for their lack of vision about food security after two floods and SIDR.  CTG made the situation worst after blanket anti-corruption drive without creating reconciliation initiatives "General Amnesty 2007" in Jun 2007 which has created lack of enthusiasm among people to help CTG in the economy.
 
CTG never should put Hasina and Khalida into the Jails but they should be put in house arrest during the trial against their corruption trials.  Their arrest took too much time from CTG where they could focus on other important issues that Bangladesh is facing.  This also fuel other hardcore political people to make noise in Bangladesh and abroad and hamper Bangladesh image to the world.
 
CTG's few arrogant advisers made the whole situation worst for Bangladesh for their attitude about my way or highway.
 
CTG could keep going the anti-corruption drive to every level in Bangladesh without making too much noise on the horizon and they should take the advice which I have given in may areas.
 
However,  I see that Bangladesh can face the unwanted economy in future with only unity Government and has to be acceptable to the outside world.  I will not waste too much time on CTG unless they understand my arguments.  I think this is a life and death situation for 150 million people for the worst economy condition in Bangladesh.  Self pride has to put aside and all have to work for Bangladesh regardless your party affiliation.
 
Good Bless Bangladesh!
 
Regards,
M. M. Chowdhury (Mithu)
 
 
 

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[vinnomot] Rising Prices & WTO + BIRD FLU + GMO Kit + Rural Job Scheme + IARI & Agri Education

NEWS Bulletin from Indian Society For Sustainable Agriculture And Rural Development
--------------------------------------
 
1. Rising prices may change India's stand at WTO
2. Farmers, industry flummoxed over soaring inflation
3. Assocham seeks ban on futures trading in agri commodities
 
4. BIRD FLU spreads to Tripura
 
on GMOs-----
5. Now a kit to detect GM traces in food
 
6. IARI : Celebrating 50 years of spearheading agri-education
 
on Rural Employment Guarantee Scheme---
7. Micro-monitoring of NREGS planned as scheme expands
------------------------------------------ 
 
Rising prices may change India's stand at WTO
 
 
ASHOK B SHARMA
Posted online: Monday , April 07, 2008 at 0255 hrs IST
 
New Delhi, Apr 6 In the backdrop of the rising global prices and the government resorting to drastic cuts in tariffs on many agricultural commodities, India's negotiating position at the farm talks in the WTO may be weakened.
 
The recent rise in global prices has completely changed the earlier scenario where the developing countries accused the developed world for depressing global prices through heavy subsidies and thereby minimizing the gains of Third World producers. Several factors are, however, responsible for the turnaround in the global situation. The reports of UNCTAD, UN ESCAP, OECD and other UN agencies have held massive bio-fuel programme in Europe and in the US as one of the main cause for the rise in global food prices.
 
The bio-fuel programme in the developed world backed by heavy subsidies has caused many farmers to cultivate crops for producing fuel rather than for food.
The prices of bio-fuels have shot up in tandem with the fossil oil prices and the bio-fuel prices have had a spilling effect on food prices
 
The member of the Planning Commision, Abhijit Sen agrees with the view and says : "The government has reduced tariffs with the good intention of importing food at cheaper prices to combat the price inflationary trend in the country. But this may soften our negotiating position at the WTO as we have already begun reducing our tariff barriers. It now would be difficult for the developing countries to raise the issue that developed countries' subsidies depresses global prices. Many poor net food-importing countries are facing problems of importing food at high prices."
 
Another factor contributing to the rise in global food prices is the subprime crisis and the meltdown in the equity market. The investors are now shifting their investments to commodity Markets. Sen says : "The same thing is seen happening in India also."
 
However, at the global level there are few big corporate players who dictate the prices of food. Even the farmers in the developed world do not benefit from the price rise. For instance the Canadian Wheat Board paid farmers between $ 260 to $ 284 a tonne for various qualities of non-durum wheat, while the global prices peaked to over $ 250 a tonne on March 27, this year. In India farmers were paid Rs 850 a quintal while wheat was imported at Rs 1650 a quintal.
 
India has banned exports of some agro commodities and discouraged exports of other commodities and has reduced tariff barriers to facilitate cheap imports with a view to check the rising domestic price inflationary trend. But opening for imports at this stage would result in "importing inflation" when global prices are high.
 
The Chairman of the Central Organisation for Oil Industry and Trade (COOIT), Davish Jain has rightly pointed out that the major exporting countries very well know that the populous countries like India and China would import food at any cost to meet their needs and therefore would not hesitate to jack up prices.
The same has been the case with vegetable oil imports. Thus faced with such a situation the India and the developing countries would need to find a suitable alternative way in handling global trade....
----------------------------------------------
 
Farmers, industry flummoxed over soaring inflation
 
 
ASHOK B SHARMA
Posted online: Monday , April 07, 2008 at 0007 hrs IST
 
New Delhi, Apr 6 The government has gone into a panic mode as the inflation rate, as measured by the point-to-point movement of the wholesale price index, reached a 40-month high at 7% for the week ended March 22, 2008. As inflation is likely to increase further, experts feel that the situation neither benefits the farmers nor the industry and the government has failed to recognise the reality of the situation and act accordingly.
 
As per rise in food prices is concerned, shortfall in production cannot be singled out to be a problem. Country has achieved a record grain production of 219.32 million tonne (mt) in 2007-08, including 94.08 mt rice, 74.81 mt wheat, 36.09 mt coarse cereals and 14.34 mt pulses. Cotton output is estimated at 23.38 million bales while oilseeds output is estimated at 27.16 mt.
 
However, despite good production the average retail price of common variety of rice is ranging around Rs 25 per kg and that of wheat flour around Rs 16 per kg. Against the rising prices, the farmers were paid only Rs 745 per quintal for common variety paddy and Rs 850 a quintal for wheat. Thus the farmer has not benefited much from the recent price rise.
 
Some believe that excessive holding of stocks by corporates and private parties in the trade might have caused the inflationary pressure on prices. Reacting to the situation the member of the Planning Commission, Abhijit Sen said, "if there is hoarding of stocks the government should take up massive de-hoarding drive across the country."
 
The president of the apex industry body, Assocham, Venugopal N Dhoot said, "futures trading in agricultural commodities should be banned for sometime till the situation improves. I am confident that price situation would improve by August, this year. In the meantime the government should facilitate smoothening of the supply chain, ban exports for the time being and subsidise some essential goods. The RBI should increase the bank interest rate and CRR."
 
Rice exporters say that the government by effecting frequent hikes in the minimum export price (MEP) for non-basmati rice and imposing a MEP on basmati rice has not only contributed to the global price rise, but has also added to the sentiments for price rise in the country.
 
The chairman of the central organisation for oil industry and trade (COOIT), Davish Jain criticised the government's recent decision to reduce tariffs on vegetable oils. He said that on March 20, when India decided to reduce duty on crude palm oil (CPO) by about $115 a tonne, Indonesia slapped an export tax of $140 on export of CPO, thereby dashing India's hopes of importing crudepalm oil at cheaper prices....
----------------------------------------------
 
Assocham seeks ban on futures trading in agri commodities
 
 
Commodities Bureau
Posted online: Sunday , April 06, 2008 at 2015 hrs IST
 
New Delhi, Apr 5 Industry body Assocham has called for a temporary ban on futures trading in agri commodities with a view to arrest the price inflationary trend in the country. It has also called for a temporary ban on agri exports.
Releasing a study, India 's FTAs and Indian Industry, here on Saturday,
 
Assocham president Venugopal N Dhoot said, "The price inflation has touched a 40-month high level of 7% for the week ended March 22. It is a matter of grave concern as it may eat into the benefits of the growing Economy. Our Economy should grow well over 9%. Futures trading in agri commodities should be banned for sometime till the situation improves. I am confident that the situation would improve by August, this year."
 
He also suggested that the government should take measures like banning exports of agri commodities to increase its availability in the country. If necessary, the government should subsidise some essential commodities and facilitate smoothening of its distribution. Dhoot also urged that the Reserve Bank of India should take steps to increase the bank interest rate and the cash reserve ratio (CRR) as these measures would help to contain the price inflationary trend.
 
Regarding the proposed free trade agreements (FTAs), which India has planned to sign with other countries, Dhoot said that industry should be taken into confidence before the final deal. "We are in favour of trade, but the deal should be designed in such a manner so that it turns out to be a win-win situation for both parties. We want that a preferential trade agreement (PTA) should be signed before an FTA."
 
He said that India should be careful in signing FTA with China as that country "enjoys an added advantage of keeping its currency devalued under a different condition." He said that India with a higher tariff regime at about 12.5% may be called upon reduce its duty to the level of china at 6%, which may cause problems to the industry. Another concern was the growing India 's trade deficit with China—from $ 506.74 million in 1994-95 to $ 1424.04 million in 2004-05, he said.
------------------------------ -------------
 
Bird flu spreads to Tripura
 
 
ASHOK B SHARMA
Posted online: Monday , April 07, 2008 at 1944 hrs IST
 
New Delhi, April 7 The bird flu is now not confined to West Bengal alone. It has now spread to Tripura which is also adjoining Bangladesh.
 
The High Security Animal Disease Laboratory, Bhopal has confirmed positive result for Avian Influenza in respect of one sample collected from village Mohanpur in Mohanpur gram panchayat in Salema block in Kamalpur sub-division of Dhalai district in Tripura on Monday. The focal point of infection is just half a kilometer from the international border of Bangladesh
In pursuance of the above test results, a notification has been issued to the Tripura government and others concerned.
 
According to a press lease of the Union government, the officers of both the central and state governments have already reached the affected area and formulated a plan of action to launch control and containment operations against the disease. The area of infection has been sealed and no movement, to and fro, of poultry and poultry products is being allowed. The required number of rapid response teams have already been constituted. The culling operations will start on April 8, 2008 and involve 15,000 to 20,000 poultry birds, mostly in backyard. These are likely to be completed in three days. The local administration, in association with veterinary authorities, have already started holding meetings in the area to sensitize the villagers about the disease.
 
In West Bengal,apart from notification of outbreak of Avian Influenza among poultry in Jalpaiguri district on March 27, 2008, no further outbreaks have been notified.
-------------------------------------------
 
Now a kit to detect GM traces in food
 
 
ASHOK B SHARMA
Posted online: Monday , April 07, 2008 at 1921 hrs IST
 
New Delhi, April 7: The department of biotechnology (DBT) in collaboration with the Hyderabad based Centre for DNA Fingerprinting and Diagnostics (CDFD) has developed a diagnostic kit for rapid detection of genetically modified (GM) traces in food by going to the level of DNA. Earlier a diagnostic developed by the Central Institute for Cotton Research could detect by going only to the level of protein.
 
"If this new kit is used it can resolve the claims of genetic contamination of conventional crops by GM crops. We can also use this diagnostic kit for checking imported food which may contain traces GM matter," said the DBT secretary MK Bhan.
 
The diagnostic kit has been validated for detection from whole or crushed seeds of Bt cotton and Bt rice crops. Both these crops have been genetically modified to express cry 1 Ac and cry 2 Ab transgenes from Bacillus thuringensis and hence called Bt crops. Transgenic crops differ from conventional crops as their genetic make-up has been altered by artificial introduction of a "transgenic cassette".
 
The diagnostic kit developed by CDFD in collaboration with DBT employs the polymerase chain reaction technique for rapid detection of five elements in the transgenic cassettes like the promoter CaMV 35S, transgene cry 1 AC or cry 1 Ab, marker gene npt II and the end-signal NOS-T.
 
The detection of four of these elements is based on primers designed indigenously in CDFD and cross validated by other national laboratories, while the detection of CaMV 35S is based on primers designed to ISO standards, which are likely to be adopted by the Bureau of Indian Standards. "These tests have been shown to be useful in detecting Bt cotton and Bt rice seeds at an admixture as low as 0.4% with non-Bt seeds," said Bhan.
 
He said that this diagnostic kit can also be used for Bt brinjal, Bt cauliflower, GM mustard with barnase/barstar gene and GM tomato with osmotin gene. Five institutions in the country namely CDFD, Hyderabad, Central Food Technology Research Institute (CFTRI), Mysore, National Bureau of Plant Genetic Resources (NBPGR), National Institute of Nutrition (NIN), Hyderabad and Indian Toxicological Research Institute (ITRC), Lucknow are now using this diagnostic kit.
----------------------------------------
 
IARI : Celebrating 50 years of spearheading agri-education
 
 
ASHOK B SHARMA
Posted online: Monday , March 31, 2008 at 0058 hrs IST
 
Much of what Indian agriculture is today is due to the work of state agriculture universities and deemed agriculture university like the Delhi-based Indian Agriculture Research Institute (IARI).
 
The work for ushering in green revolution in the country began in 1960s with the support of the US Land Grant Universities and curricula of agriculture colleges underwent changes.
 
IARI was established in 1905 at Pusa in Bihar and was subsequently relocated in Delhi in 1936 after a major earthquake that damaged the institute's building at Pusa. The premier national institute for agriculture research, education and extension was accorded the status of a deemed university by the University Grants Commission Act of 1956. Thereafter, IARI set up a post-graduate school in 1958.
 
On the celebration of the golden jubilee year of the IARI post graduate school, the institute's director, SA Patil said: "Over the years, since the initiation of green revolution to the present day, we have been developing newer and newer technologies to cope with the problems confronting Indian agriculture. Our curricula are designed to include many modern day aspects like the intellectual property rights regime, agriculture marketing and prices, innovation in farm mechanisation, water and irrigation management, biotechnology, nano-science, organic farming, bio-resources, climate change apart from conventional crop and livestock sciences. A new course on plant bio-security has been introduced in the discipline of plant genetic resources."
 
According to the report of the dean compiled by HS Gaur, the main strength of IARI is faculty of 460 members in 23 disciplines, of whom 345 are recognised as research guides. In 2008, 17 new scientists were inducted in the post-graduate faculty and 35 faculty members were included as research guides.
 
The out-sourced faculty is also invited to take part in the teaching programmes. IARI deputed its 19 faculty members to 16 foreign countries for participation in training and workshops. It has established linkages with the 15 affiliated institutes of the Consultative Group of International Agricultural Research (CGIAR). A number of foreign students are pursing their education in IARI.
 
However, post-graduate education in agriculture in India is not 50-year-old. The director-general of Indian Council of Agricultural Research (ICAR), Mangla Rai said: "There are colleges which have been offering post-graduate education in agriculture over 100 years. IARI as a deemed university has just completed 50 years of its post-graduate education. Govind Ballav Pant University of Agriculture and Technology in Uttarakhand was the first state agriculture university to be set up in the country in 1960. In 1997, it was adjudged as the best among state agriculture universities."
 
Rai also alleged that much could be done to improve agriculture education and research if the budgetary allocations were raised by the government. "We have been long demanding that the central government's budgetary allocation for farm education and research be raised to at least 1% of the agricultural GDP." There are others who feel that a substantial amount of the budgetary allocation covers administrative costs, eating into the allocation for research.
 
In 2005-07, the ICAR had entrusted the National Academy of Agricultural Research Management (NAARM) to carry out an assessment of quality rating of colleges of the state agriculture universities (SAUs). About 28 SAUs consisting of 125 colleges have been surveyed by NAARM. Each benchmark indicator has several parameters and a total of 71 parametres were considered.
The XIth Plan has proposed revamping of agricultural education and the ICAR feels that the funds allocated are not sufficient.
 
In the recent conference of vice-chancellors of agriculture universities convened by ICAR, it was suggested that the government allow utilisation of funds under Rashtriya Krishi Vikash Yojana for expansion of teaching research capacity of SAUs in identified priority areas. It was also proposed to set up educational museums in agricultural universities....
-------------------------------------------
 
Micro-monitoring of NREGS planned as scheme expands
 
 
ASHOK B SHARMA
Posted online: Monday , April 07, 2008 at 2227 hrs IST
 
New Delhi, April 6 : The report card of states on the National Rural Employment Guarantee Scheme (NGRES) is mixed. However, the rural development ministry, which has been responsible for implementation of the scheme since February 2006, has refused to spell out which are the best or worst performing states. ''In states, where there are good performance in some districts and panchayats, there are bad performance in other districts and panchayats. The performances have to be judged at the micro level'', said rural development minister Raghuvansh Prasad Singh.
 
Painting a rosy picture at the macro level, the minister said NREGS, which was expanded last week to cover all districts in the current year, had provided jobs to 3.08 crore households against a demand for 3.10 crore till February 2008. A total of 121.64 crore persondays employment was generated in phase I and II covering 330 districts. Out of 121.64 crore persondays employment, the scheduled castes had a share of 27.04%, while the Scheduled tribes had a share of 30%. Persondays of employment provided to a family is 40 days. Of the total, about 51.24% of jobs went to women, he added.
 
However, with reports pouring in about leakages and flaws in NREGS, Singh said his ministry had invited non-governmental ogranisations (NGOs) to participate in the monitoring process. ''We have invited the participation of NGOs in implementation and social audit'', he added.
 
The United Nations has already launched a forum of NGOs, Solution Exchange, for monitoring the scheme. However, some NGOs feel that the right lessons should be learnt from the experience of the Maharashtra Employment Guarantee Scheme (MEGS), which has been operational since several years. MEGS was set up in the drought period of the early 70s. Data shows that employment through this scheme was between 1/10th to 1/3rd of the number of days of employment of rural workers. The participation of women in the MGES was between 30% to 40%.
 
Sarit Rout of CYSD, a Bhubaneswar-based NGO working in Nabarangpur district, said they had helped the Orissa government train members for mobilising people and form unions. The government has used NREGA application software to issue job cards and prepare a database to systematise its implementation in 32,000 villages in 3,672 gram panchayats. She suggested that local vigilance groups be formed for each panchayats to identify BPL (below poverty line) families.
 
KS Gopal of the Hyderabad-based Centre for Environment Concerns, said a hand-held biometric reader for making payments was being used in 10 panchayats of Annantpur district in Andhra. Priced at Rs 26,000, it makes payment to the worker at her habitation. ...
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[vinnomot] MBA: Harvard makes the case for primacy

MBA: Harvard makes the case for primacy

By Della Bradshaw

Academics from some of North America's top-ranked business schools gathered last month on the Harvard Business School campus to discuss the future of management education and explore how their establishments could innovate in order to prosper.

It was fitting that HBS was the venue. As the richest business school in the world, with an endowment of more than $2.8bn (£1.4bn, €1.8bn) in the bank, it has more options than most – and is still the institution that other business schools look to for leadership.

Amid the receptions and dinners of its centennial celebrations, therefore, some of Harvard's top faculty members have taken the research tactics usually reserved for companies and applied them to a handful of top business schools, writing case studies on Stanford, Yale and Insead, among others. They have even written one about Harvard itself, looking at its links with other schools in the university, such as medicine.

Jay Light, dean of the school, is adamant about Harvard's role: "Our mission is to develop general managers. That's what we think developing leaders is all about." It is a policy that has served the school well over the years and given it unrivalled access to boardrooms through its 70,000 alumni. Jeff Immelt at General Electric, Alan Lafley from Procter & Gamble, James Dimon of JPMorgan Chase, John Thain at Merrill Lynch – all hold Harvard MBAs. (Alumni whom Harvard is less keen to hear mentioned in the same breath include Jeff Skilling, MBA 1979, convicted felon in the Enron affair.)

But Harvard has been seeing increasing competition from the other top US business schools and from schools in Europe. Salary data collected for the Financial Times MBA rankings* over the past decade show that the salary premium Harvard alumni enjoyed a decade ago has been eliminated by those who have graduated from America's other top schools, such as Stanford, Wharton and Columbia – and top European establishments including London Business School and Insead are catching up fast in the pay stakes.

Prof Light is dismissive. "I would be highly sceptical of that kind of data," he says. "People have a very hard time recruiting at our school. Students have lots of good opportunities." For Prof Light, the real measure of success is the school's continuing ability to attract the top students and the top professors. In 2007, 89 per cent of students offered a place at Harvard took up the opportunity – the highest "yield rate" of any of the leading business schools. The past year has been a bumper one for recruiting faculty, with 39 additions, bringing the headcount to 225.

Top recruiters, such as Goldman Sachs, continue to be drawn to Harvard, according to Jonathan Jones, the investment bank's global head of recruiting. "When we hire from HBS we are looking for students who are worldly and sophisticated and have top-notch general management and leadership skills. Many of our senior leaders are graduates of the institution and it was the first business school we started hiring from in the 1920s. HBS continues to be one of our top sources of associate hires."

Apart from closer relationships between HBS and other schools in the university, such as medicine, the school is moving towards enrolling students at a younger age – in their early twenties as opposed to the usual 27-year-old already seasoned manager. Santiago Iniguez, dean of IE Business School in Madrid says: "The case method doesn't work if you bring in younger students. Experience in business has always been part of the equation. If you drop the experience in class you lose a very important component of case teaching."

HBS is also making its research and teaching more global. Previously the school had often taken the view that managers would come to Boston, to learn at the knee of Harvard professors, but now an increasing number of those are teaching overseas. This year HBS launched a programme in Hyderabad, India. Prof Light says that in two years, the school will deliver 12 weeks of short courses in China.

Teaching materials also take a more global view, with half the case studies written every year at Harvard (on which the school relies for 80 per cent of its teaching) compiled at its overseas research centres, says Prof Light. Only a few years ago, 75 per cent of HBS's cases were still US-centric.

Having dominated the past 100 years of management education, the next few years will be critical to Harvard's future. Still, as one rival dean puts it: "For Harvard to lose its position would require students systematically to decide to go elsewhere." Few in the discipline would bet against its ability to adjust.

* FT Global MBA 1999-2008

Additional research by Wai Kwen Chan

Copyright The Financial Times Limited 2008

Published: April 7 2008

http://www.ft.com/cms/s/2/9fd1277e-048d-11dd-a2f0-000077b07658,dwp_uuid=02e16f4a-46f9-11da-b8e5-00000e2511c8.html

 


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[vinnomot] MBA: Masters and misgivings

MBA: Masters and misgivings

By Della Bradshaw

[Also click on the other links in this article]

It was on April 8 1908 that 33 aspiring managers gathered in Boston, Massachusetts, to begin a new type of degree, a masters in business administration. Eight – all men – finished the two-year course and became the Harvard MBA class of 1910. The other 25 may have lived to regret that they failed to join one of the business world's most exclusive clubs.

The Harvard MBA has gone on to become one of the most coveted business qualifications in the world. It is the calling card for those who want to join the boards of corporate America – and the most prized qualification for Indian bachelors seeking a suitable bride.

The course pioneered by Harvard (see below) is now one of the world's most prominent educational brands. Around 500,000 students will graduate with an MBA globally this year and demand from students for management education continues to grow. The latest figures on the GMAT, the entry test for quality business schools, shows a 7 per cent increase in test-takers in the US over last year and a rise of nearly 22 per cent elsewhere in the world.

China, which had no MBA programmes a decade ago, now graduates around 30,000 students from local courses each year. India, with more than 1,000 authorised business schools, has more MBA programmes than the US.

Strip away the hype surrounding the MBA, though, and it is difficult to come up with hard evidence to prove that 100 years of management education, and the MBA degree in particular, have been beneficial to business or society. Indeed, even among its proponents, many are questioning whether business schools teach the right things, in the right way, to the right people

Ironically, business schools that have been swift to measure, analyse and assess every field from pharmaceuticals to the performing arts have been slow in developing metrics for their own industry. When asked to name the managerial advances that have come out of business schools, there are vague references to financial models used on Wall Street. The one hard example of such a model is the Black-Scholes option pricing formula developed in 1973 by Fischer Black, who at various times worked at Harvard, Chicago and MIT Sloan, and Myron Scholes, who worked at Chicago, MIT and Stanford.

There is a case to be made for the proposition that the US owes its economic success in part to the high number of business students who graduate from American universities each year, argues Roger Martin, dean at the Rotman school at the University of Toronto: "America has got the most successful businesses in the world and is the most prosperous country in the world. You have to ask the question: 'What is special?'"

In research for Canada's Institute for Competitiveness & Prosperity, he points out that more than 21 per cent of all university students in the US graduate with a business degree – undergraduate, masters or doctoral. This is almost twice the percentage of Canada. "It drives me crazy that we [Canada] keep investing in science and engineering."

Moreover, at least 30 of the top 100 global companies* are run by bosses with an MBA, from Jeffrey Immelt at General Electric and Vikram Pandit at Citigroup to Jean-Pierre Garnier at GlaxoSmithKline and Nobuo Kuroyanagi at Mitsubishi UFJ Financial.

Business schools can also claim credit for creating wealth through business start-ups, says Arnoud De Meyer, director of the Judge Business School at the University of Cambridge in the UK. Some 40 per cent of graduates from the top business schools are running successful entrepreneurial ventures 10 years after graduation, he says.

Ellen Miller, a managing director at Lehman Brothers, argues that MBA degrees have been a tool for the democratisation of business, opening access to top companies for managers of merit. Captains of industry used to come from the upper echelons of society; then "the MBA became a badge of respectability".

What is undoubtedly true is that for those who study for an MBA at a top business school, the financial rewards can be substantial. Recruitment for them looks to be relatively robust this year in spite of fears of an impending recession, with MBA graduates – typically 28- or 29-year-olds – taking up jobs in the finance sector earning salaries of between $100,000 and $120,000 complete with sign-on and year-end bonuses.

More significantly, the MBA gives people the opportunity to switch careers, according to Paul Danos, long-term dean of the Tuck school at the ivy-league Dartmouth College. "What is great about the MBA from the student's point of view is that it lets you change your life." Students enter as information technology specialists, engineers or soldiers and leave as management consultants, bankers and entrepreneurs.

It is a transformation appreciated by MBA students and alumni. "If you've never been in business before, as I hadn't been, it opens up this mysterious world and language," says Philip Delves Broughton, who graduated from Harvard in 2006. "The MBA provides a decoder to how business people talk and think."

Neil Courtis, who graduated from Insead in December 2007, uses the analogy of a car. In their previous jobs, incoming students had concentrated on one aspect of the business – the windscreen wipers or the tyres. An MBA opens the bonnet and shows how the whole engine fits together. His one criticism is that the MBA does not teach implementation. "You don't come out as a mechanic."

Mr Courtis believes there are things an MBA cannot teach. "You can teach analysis but you can't teach judgment," he says. An MBA, he adds, can give "a sheen of knowledge – it's a bullshitter's paradise". Such scepticism can be seen in the acronym's many unofficial elaborations: Mediocre But Arrogant, Master Of Brainless Axioms and the like.

That said, for corporate recruiters the business school selection process acts as a filter to isolate the top-notch brains. It is a formula that does seem to work for firms such as Bain & Co, the management consultancy. "Business schools have been able to attract [people from] the top of the class and develop them," says Bill Neuenfeldt, a partner with Bain & Co and head of its global schools recruiting.

Though management consultancies and investment banks have been the traditional recruiters of MBAs, an increasing number of industrial and consumer companies have joined them. One of the biggest is Google, says Alison Parrin, manager of MBA recruitment for the internet company's Europe, Middle East and African region. "Although they [MBA graduates] are brought in for very specific roles, we bring people in who can be flexible in the longer term."

MBA recruitment has become embedded in Google's culture and employees with MBAs are called upon to take part in business school recruitment drives to encourage potential "Nooglers" (new Google employees) to join the company. "It is absolutely part of the job description," says Ms Parrin.

Given the obvious popularity of the MBA, it may seem strange that business schools, particularly in the US, are facing a crisis of confidence about what they teach. One of the biggest issues is surprisingly similar to the dilemma faced by Harvard 100 years ago: that is, the extent to which business schools should teach the practical and research the theoretical.

On that first programme, the 33 aspiring managers studied just three required courses, all designed to give them hands-on skills: the principles of accounting, commercial contracts and the US economy.

This so-called trade school approach, with its emphasis on practical skills, was popular in the US until the 1950s, when a shift began towards making business courses more akin to social sciences such as economics or psychology. This paved the way for the sort of peer-reviewed academic research published on Monday. Some argue that the process has gone too far, with business schools publishing research on abstruse subjects such as "optimal information asymmetry" or "Baynesian methods in strategy" that few practising managers would ever read.

The past five years have seen business professors such as Jeffrey Pfeffer at Stanford and Henry Mintzberg from McGill bemoan business schools' loss of touch with business. This is changing, says Glenn Hubbard, dean at Columbia Business School in New York and former chair of US President George W. Bush's Council of Economic Advisers. "Now I think we've seen a very healthy swing of the pendulum back – without losing academic rigour. We step back and ask: 'What are the big issues that business has to grapple with?'"

US business schools will face further such issues as schools in Europe and Asia catch up. While in the US there is just one postgraduate business degree – the MBA – schools in Europe and Asia are developing a range of different qualifications. This fragmentation means an employer recruiting in Europe can choose among undergraduates, masters-level students or those with a post-experience MBA. "I think it gives us a lot of flexibility," says Ms Miller at Lehman.

But this is not the biggest problem business schools have to wrestle with. Students entering MBA programmes are increasingly members of the internet generation, who access information, network and make judgments in different ways to their predecessors, says Joel Podolny, dean of the Yale School of Management. "The pedagogy of business education is going to have to change even as we try to address new topics such as globalisation and sustainability. The new generation have grown up to process knowledge differently. They would rather read 20 one-page snippets than one 20-page article, even if the information is the same."

He says the ability to deal with this will determine the success or failure of business schools in the future. "The schools that work this out will have a real impact."

* FT Global 500

Additional reporting by Andrew Wood

Copyright The Financial Times Limited 2008

Published: April 7 2008

http://www.ft.com/cms/s/2/93c5a574-0490-11dd-a2f0-000077b07658,dwp_uuid=02e16f4a-46f9-11da-b8e5-00000e2511c8.html

 

Also check more articles and details from these links:

http://www.ft.com/businesseducation

Online Learning 2008

Global MBA 2008

European Business Schools 2007

EMBA 2007

Masters in Management 2007

Executive Education 2007

 
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