Jeronimus
Registered
As a native of the New England, I have seen arrogant, limousine liberal elite types up close, mostly in my college years. Their big weakness is their strutting hubris and moral certainty. They truly view themselves as gods or angels on earth.
They live on residual capital; trust funds, foundation grants, and paychecks from "well endowed" colleges and universities. Two prominent examples would be the highly eccentric Noel Ignatiev
who had the chutzpah to say "the white race must be abolished." Here's a blurb about Noel Ignatiev:
Noel Ignatiev
Writer and Historian
Du Bois Institute, Harvard University
Visiting Associate Professor
Bowdoin College
Notice something? He doesn't have to work for a living. He lives on residuals.
Another example would be Tim Wise.
White Like Me by (((Tim Wise)))
Here's how Tim Wise makes a living:
Wise has spoken in 48 states, and on over 400 college campuses, including Harvard, Stanford, and the law schools at Yale and Columbia, and has spoken to community groups around the country. He has trained corporate, educational, government, military and law enforcement officials on methods for dismantling racism in their institutions.
In other words, he is paid "honoraria" for speaking at these colleges. The money for the honoraria comes from, you guessed it, the residual capital of endowments and foundations. He also writes books which tens of thousands of hapless college students are forced to purchase and assigned to read.
Both Ignatiev and Wise rail against capitalism, claiming to be the "true saviors" of all people by dismantling capitalism and racism. Whites who acknowledge that they have ethnic interests are the enemies of humanity, or at best "useful idiots" of evil capitalism by failing to "unite" with other races.
It's a huge scam, of course. The only source of legitimacy for the scam is the river of money poured into it, a river which is drying up as Growth Capitalism screeches to a halt, and begins to slide backwards. Tim Wise and Noel Ignatiev will get their alleged wish after all! The death of capitalism in their lifetime! Perhaps they will be very happy to be able to congratulate themselves on a job well done, accept the end of their jobs as "professional writers, speaker, and historian," and now they can pick up hammers and sickles and work for the bright future united with the wonderful people of color that they allegedly love so much (at a distance).
Which brings me to two recent stories. One of Ignatiev's gigs is Harvard. Here's some recent news about Harvard's source of residual capital:
How will Harvard survive indeed? Might it have to lay off some anti-racist professors? Perhaps there will be fewer hapless college students reading Tim Wise's books? Instead, these would be college students will be finishing high school and trying to figure out how to survive in the post-growth world.
Here's another big piece of news, the fall of Bernard Madoff:
If you know what you are seeing in the above quote, you realize that it represents literally thousands of middle class liberals and jews and their easy income, which has just disappeared in a puff of smoke!
The enemy has lost a large chunk of it's war chest overnight! Things are getting real interesting, folks.
They live on residual capital; trust funds, foundation grants, and paychecks from "well endowed" colleges and universities. Two prominent examples would be the highly eccentric Noel Ignatiev
![nignatiev.jpg](http://www.pbs.org/wgbh/aia/part4/images/nignatiev.jpg)
Noel Ignatiev
Writer and Historian
Du Bois Institute, Harvard University
Visiting Associate Professor
Bowdoin College
Notice something? He doesn't have to work for a living. He lives on residuals.
Another example would be Tim Wise.
![4a603960.jpg](https://duckduckgo.com/i/4a603960.jpg)
![tim_wise.gif](http://www.sonoma.edu/ccgs/calendar/spring_2007/heritage/tim_wise/tim_wise.gif)
Here's how Tim Wise makes a living:
Wise has spoken in 48 states, and on over 400 college campuses, including Harvard, Stanford, and the law schools at Yale and Columbia, and has spoken to community groups around the country. He has trained corporate, educational, government, military and law enforcement officials on methods for dismantling racism in their institutions.
In other words, he is paid "honoraria" for speaking at these colleges. The money for the honoraria comes from, you guessed it, the residual capital of endowments and foundations. He also writes books which tens of thousands of hapless college students are forced to purchase and assigned to read.
Both Ignatiev and Wise rail against capitalism, claiming to be the "true saviors" of all people by dismantling capitalism and racism. Whites who acknowledge that they have ethnic interests are the enemies of humanity, or at best "useful idiots" of evil capitalism by failing to "unite" with other races.
It's a huge scam, of course. The only source of legitimacy for the scam is the river of money poured into it, a river which is drying up as Growth Capitalism screeches to a halt, and begins to slide backwards. Tim Wise and Noel Ignatiev will get their alleged wish after all! The death of capitalism in their lifetime! Perhaps they will be very happy to be able to congratulate themselves on a job well done, accept the end of their jobs as "professional writers, speaker, and historian," and now they can pick up hammers and sickles and work for the bright future united with the wonderful people of color that they allegedly love so much (at a distance).
Which brings me to two recent stories. One of Ignatiev's gigs is Harvard. Here's some recent news about Harvard's source of residual capital:
http://www.bloggingstocks.com/2008/...nt-loses-8-billion-how-will-colleges-survive/
Harvard reports that the value of its endowment has declined $8 billion between the end of June 2008 through October 2008. That would make Harvard's endowment worth 22% less than at the end of June, or $26.9 billion -- but it probably has further to fall thanks to illiquid assets like private equity interests. Meanwhile, Harvard and its peers could be in trouble because fewer people will be able to afford college given the market crash. That will mean college administrators are facing some tough choices.
Harvard is responding to the decline in its endowment by taking a "hard look" at staffing levels and compensation. It is forecasting a 30% drop for its endowment ending in June 2009, which would bring it to $25.8 billion, down another $1 billion. While this strikes me as optimistic, it does suggest the extent of the damage and the challenges Harvard and its peers face.
How will Harvard survive indeed? Might it have to lay off some anti-racist professors? Perhaps there will be fewer hapless college students reading Tim Wise's books? Instead, these would be college students will be finishing high school and trying to figure out how to survive in the post-growth world.
Here's another big piece of news, the fall of Bernard Madoff:
http://www.boston.com/business/pers...8/12/14/financiers_alleged_swindle_confounds/
In the end, Bernard L. Madoff took back the fortune he helped Carl Shapiro build.
Shapiro is a Boston philanthropist and former women's clothing merchant who has lost at least $145 million in his family's charitable foundation - and probably much more of his personal wealth - at the hands of his old friend Madoff, who last week confessed to swindling $50 billion from wealthy investors.
Shapiro, 95, made a fortune by selling his Kay Windsor Inc. clothier to Vanity Fair Corp. in 1971. Dubbed the "cotton king" of the dress industry, Shapiro ran the business from New York's garment district and had a fabric-cutting plant in New Bedford, with revenues of $22 million in 1957. And he would amass multiples of that over the years, after entrusting his money to Bernard L. Madoff Investment Securities in New York.
Shapiro and his wife, Ruth, have given away hundreds of millions of dollars to Boston hospitals, museums, and universities over the years, and their foundation had $324 million at the end of 2007. And that's not counting their considerable wealth beyond the charitable funds.
Around Boston and Palm Beach, Jaffe became the face of Madoff's business - the man who drew scores of wealthy investors, many of them prominent members of the Jewish community - to the investment firm.
But the fraud could leave Madoff's former clients with little chance of getting their money back. That includes the Shapiros and the Massachusetts state pension fund, which had $12 million invested with Madoff. Others who entrusted funds to Madoff include the Sidney R. Rabb Charitable Trust, one of two trusts run by the Goldberg family, which once owned the Stop & Shop supermarket chain. The Robert I. Lappin Charitable Foundation in Salem on Friday said it had to shut down because Madoff had lost all of its money.
If you know what you are seeing in the above quote, you realize that it represents literally thousands of middle class liberals and jews and their easy income, which has just disappeared in a puff of smoke!
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