The Higher Education Learning Crisis

University of Denver graduates celebrate by throwing caps in air; journalism class at University of Missouri with more than 150 students

Reading, thinking and writing allow individuals to magnify their influence, noted 20th century writer and philosopher Aldous Huxley. Society expects education to open opportunities for students to improve themselves and their societies, and yet there is a crisis in American undergraduate higher education as students simply do not learn, explain Richard H. Hersh and Richard Keeling. Hersh, formerly president of Trinity College and Hobart and Smith Colleges, now teaches at Yale, and Keeling is president of Keeling & Associates, a higher education consulting practice. “Other countries have increasingly emulated American universities because of prestigious worldwide rankings, but such emulation may be hollow as rankings are based on scholarship and research prowess, measured by numbers of publications and scholarly citations, not undergraduate learning,” they write. “Too many graduates are not prepared to think critically and creatively, speak and write cogently, solve problems, comprehend complex issues, accept accountability, take the perspective of others, or meet employer expectations.” Hersh and Keeling urge faculty and students alike to embrace the ongoing cumulative and collective nature of higher learning while constantly aiming for higher standards of competence. – YaleGlobal

 

Committee advises converting Jackson Institute into school of global affairs

55 Hillhouse Ave., home of the Jackson Institute for Global Affairs at Yale.

Yale’s Jackson Institute should become a school of global affairs featuring a robust, faculty-driven research program dedicated to solving real-world problems and shaping a better future for humanity, according to a vision described in an advisory committee report released Nov. 14.

Founded in 2010 largely as a teaching enterprise through a generous gift from John Jackson ’67 and Susan Jackson, the Jackson Institute for Global Affairs currently houses a thriving educational program that serves hundreds of graduate and undergraduate students each year. In 2017, Provost Benjamin Polak convened an advisory committee of eight senior faculty members to consider the institute’s future and assess whether Jackson should be transformed into an independent professional school.

https://news.yale.edu/2018/11/14/committee-advises-converting-jackson-institute-school-global-affairs?utm_source=YNemail&utm_medium=email&utm_campaign=ynalumni-11-15-18

 

Lessons for the Crisis Fighters

One challenge in studying a once-in-a-century financial crisis is that it only happens once in a century; lessons aren’t easily passed down to the people who will face the next one. Yale SOM’s Andrew Metrick and a team at the Yale Program on Financial Stability are studying the global financial crisis of 2007-09, working to create the knowledge and tools to prepare the next generation of policymakers who find themselves in the eye of a monetary maelstrom.

https://insights.som.yale.edu/insights/lessons-for-the-crisis-fighters?utm_source=newsletter&utm_medium=email&utm_content=YLessons%20for%20the%20Crisis%20Fighters&utm_campaign=insights-newsletter-nov-long2018

New Players in a Dollarized World

Dethroning the dollar: European Union President Jean-Claude Juncker with America First Donald Trump; during the 1997 Asian financial crisis, Indonesians fight to obtain dollars

The International Monetary Fund points out that Europe, Latin America and Asia had started a gradual shift from reliance on the US dollar in 2000 that was disrupted by economic crises. The process of seeking alternatives begins anew as advanced and emerging economies alike are disturbed by America First policies that include tariffs and sanctions. The US dollar accounts for more than 60 percent of foreign-exchange reserves and global trade transactions. “Transition from the US dollar-based environment is possible, but will be slow and the new reality will involve a competition from several pretenders for the status of the dominant currency,” explains Michal Romanowski. The rest of the world has long regarded the United States as a safe haven, and ongoing demand allows the country to refinance its debt at low costs. But US dollar dominance complicates monetary policies for Europe, Iran, Turkey and others. Russia is reducing investment in US debt obligations. China, while moving cautiously in this area, takes steps to position the yuan as an international currency. Romanowski concludes that the world should prepare for a more multipolar currency landscape. – YaleGlobal

Retirement: No More Golden Years

Seniors in a California home exercise while seated; Japanese elderly work out

The world has inequalities of many kinds, and retirement is no exception. Government-sponsored pensionable retirement programs are popular worldwide, regarded as essential in the wealthiest economies. “Retirement programs are similar in purpose, yet differ considerably in scope, coverage, contributions, requirements, taxes, eligibility and benefits,” explains demography expert Joseph Chamie. “Official retirement ages, for example, range from 50 to 70 years, with most concentrated between 60 and 65 years.” Longer lifespans increase the years people spend in retirement, increasing costs for governments, employers and individual retirees. According to Chamie, solutions include hiking retirement ages and reducing retirement benefits, increasing taxes, shifting from defined-benefit to defined-contribution plans, and promoting incentives among workers to save more and work longer. Protests quickly form when governments move to cut retirement benefits, and many workers worry that a comfortable retirement is not in their future. – YaleGlobal

 

ANY & WWN 2018 Women’s Leadership Series with Asha Rangappa

Monday, December 3 | 12 – 1 PM | Slifka Center, 80 Wall Street

Join the Asian Network at Yale (ANY) and Working Women’s Network (WWN) for the next women’s leadership event series with Asha Rangappa, Senior Lecturer at the Jackson Institute for Global Affairs, and former Associate Dean at Yale Law School. Lunch will be provided.

The focus of the Women’s Leadership Series is to bring together a diverse mix of Yale’s own successful women leaders who, through the discussion of topics relevant to today’s issues, will inspire and encourage women to reflect on their own goals and status as they strive to advance in their careers and lives. The format for the Leadership Series will consist of a moderated discussion with the speaker that will delve into topics of interest in which the speaker will share her personal and professional perspectives on questions. The themes of the series are Leadership, Identity, Career, Well-being, and Service.

REGISTER