Where are Muller’s Saab shares going?

August 22, 2011

The end-game for Saab is being played out and I can’t help feeling that – unlike for Gaddafi – this end-game is still one designed by Vladimir Antonov and implemented by Victor Muller. Svenska Dagbladet reports today:

Confidence in Saab is faltering as two major car dealers have stopped selling Saab in Sweden and also in the U.S. 

Meanwhile Victor Muller is “lending” his private shares to the fund that recently bought newly issued and discounted Saab shares to raise cash to pay salaries. And  it seems that to avoid the dilution of shares a complicated deal is being done with Muller’s shares

Saab (actually the parent company Swedish Automobile) in August, in a last desperate measure, used cash from GEM fund to pay salaries. GEM’s business is to buy newly printed shares at a discount and then sell them at a profit on the open market. This provided Saab with a needed cash injection, but was also a dangerous dilution with the risk that the stock price would go down.

The Dutch financial agency AFM, has said that now Victor Muller has got rid of almost half of his shares, 3.3 million and converted them into stock options along with 2.5 million unlisted class A shares.

“I sold zero shares, but lent my shares to GEM to allow them to sell them. I get non-listed A shares of the Company as compensation” Muller said in a an SMS text message. According to the AFM, it means at this time that Muller’s influence has decreased from 8.5 million to 3.6 million voting shares. According to Muller, the options are now directly convertible into A shares. “There is an instant convert to A shares and there are no conditions associated with stock options” he writes in his SMS.

Worker’s wages are due on Thursday and white-collar employees should be paid on Friday. Saab itself has been emptied of cash and assets and this may be another ploy. Of course money Muller raises by lending his own shares is cash to his private account. It can only get into Saab’s coffers if he provides a secure loan of some kind to Saab and I am sure he will not lose out as other creditors will in the event of an insolvency.

In the meantime Swedish authorities – the Swedish Enforcement Administration, or Kronofogden – have launched an official debt collection probe of  Saab where unpaid bills have been piling up for months as a first step in what could end in bankruptcy. Kronofogden’s Hans Ryberg announced last week that the probe results from the unpaid bills of  Sweden’s Infotiv, owed 224,000 kronor, and of Norway’s Kongsberg, owed 145,000 kronor.

Production has been at a standstill since April.

Related: Saab being plundered by Victor Muller and his friends

End-game for Gadaffi no longer of his making

August 22, 2011

Update 2! Now even Saif al-Islam Gaddafi has appeared in Tripoli surrounded by his supporters and claiming that they are in control  and that his father is well. This could be a bitter end-game after the euphoria of yesterday.

Update! Mohammed Gaddafi – the older brother of Saif – has managed to escape from house arrest with the help of Gaddafi loyal troops!

He should have taken up the Chavez offer to move to Venezuela or have slunk away to his bolt-hole in Belarus. He should have used his friend Berlusconi’s travel agency to get away. Those options are no longer available to him. The earlier “negotiations” with French and EU contacts foundered on the riduculous demands made by his children.

Now it is reported that his youngest son Khamis has been killed.  In the last 2 days 2 or maybe 3 more of his sons have been captured by the rebels.

The International Criminal Court (ICC) has confirmed that Saif al Islam and his older brother Mohammed have been detained.

CC prosecutor Luis Moreno-Ocampo said: “It is very important to make clear there is an obligation to surrender Saif to the ICC in accordance with the Security Council resolution.”

Saif was reportedly captured in a western tourist village of Libya, while Mohammed surrendered to rebel forces and is under house arrest.

But Gaddafi himself  has not been seen in public since May. One of his last TV appearances was in mid-June when he was pictured playing chess with the World Chess Federation president Kirsan Ilyumzhinov. He was heard on radio on Saturday saying that he was in Tripoli but this does not say much. Reports that he may be on his way to South Africa were denied by the Zuma government.  The BBC reports that he may no longer be in Tripoli:

One of the most persistent rumours is that he left Tripoli a while ago and may have gone to his birthplace of Sirte, on the western coast, or his ancestral home of Sabha in the south.

It is possible but unlikely that he has remained in his compound – with its bunker – in the Libyan capital. Fierce fighting is currently being reported around his Bab al-Azizia residence.

How the rebels will treat Gaddafi and his children will be quite telling about what we can expect in Libya. In 40 years of power as the “peoples leader” he has not built up any of the country’s institutions and “clan power” and clan politics may rule for some time.

Marital conservation of mass

August 22, 2011
File:Get fat3.jpg

image: wikipedia

There is a certain symmetry to this conclusion and it would seem to imply that the principle of mass conservation is being complied with. But what would be much more interesting would be a conclusion about weight loss and change of marital status. For example, “women lose weight before getting engaged and men lose weight before a divorce” would be intuitively indicated and would be even more interesting than

Women gain weight after marriage, men after divorce 

Women are most likely to gain weight after marriage while men tend to pile on the pounds following a divorce, according to research.

A study of more than 10,000 people surveyed between 1986 and 2008 found that both marrying and getting divorced can have a “weight shock” effect that leads to rapid weight gain, especially in over-30s. But there was a marked difference between men and women in which marital event was the most traumatic on the waistline.

Researchers used data from a national survey in which men and women were weighed every year to see how many pounds they gained or lost in the two years following a marriage or divorce. Up to the age of 30 there was little impact on the weight of either men or women, but after this point the probability of weight gain after marriage or divorce began to rise steadily until the age of 50.

Both sexes were more likely to gain weight in the two years after a divorce or marriage than someone who had never been married, the research showed. The study, to be presented at the annual meeting of the American Sociological Association in Las Vegas today [AUG 22], says it is not clear why men’s and women’s waistlines respond differently to marriage and divorce.

College athletes and accommodating professors

August 22, 2011

The massive commercialisation of college sports in the US has led to the situation where coaches can make $10 million per annum and sometimes have salaries which are 25 times higher than what the college president may earn. The media payments to the colleges for covering these sports is enormous and provides the incentive for colleges to have sports programs attracting the best athletes in spite of any academic shortcomings. Colleges provide the forum and the vehicle for the money-spinning sports enterprises. And since the colleges are supposed primarily to be academic institutions it becomes necessary to have – or seem to have – minimum academic standards that even the athletes must satisfy.

A PRICE TO PLAY  ‘Corrupt’ system in danger of collapse

But the academic standards to be fulfilled are merely a cover for the sports-based enterprise.  This in turn creates the pressure for colleges to create easy courses especially designed for academically disabled athletes and  for academics to go easy on athletes attending their courses. Effectively athlete students are encouraged to cheat and all the different codes of ethics and integrity that are created serve only as a way to define all the loop-holes in the code that can then be used to cheat without being declared a cheat.

“(Stanford) accommodates athletes in the manner that they accommodate students with disabilities.” Prof. Donald Barr, Associate Professor of Sociology and Human Biology

The recent case of Prof. Julius Nyang’oro and his 400 level class in Bioethics in Afro-American Studies is a case in point. An athlete got into the class despite having a score on the written portion of the SAT that was low enough that he needed to take a remedial writing class, which he took in the subsequent fall semester. No student received less than a B-minus on Nyang’oro’s course. The Charlotte Observer writes:

Julia Nichols, the student services manager for UNC’s Academic Advising Program, said it is unusual for any freshman to begin his or her college education with a 400 level course. The exceptions, she said, are freshmen who have demonstrated an aptitude, either through advanced placement classes or other experience and petition the professor to be allowed to take the course.

“As a general, blanketed rule, freshmen are not normally allowed to take 400 or 500 level classes,” she said.

There is little doubt that while inter-collegiate athletes are privileged, others suffer from being stigmatised as academically stunted. It would be unthinkable however for an academic student to be required to satisfy some minimum sports or athletic standard to graduate or to be stigmatised as athletically stunted. No athletically inept student is stigmatised because he cannot catch a ball.

If a professor knows you are an athlete, you are assumed to be stupid until you can prove otherwise. (White male water polo)

In a big, class (400 people). Before test professor said, “It’s an easy test. Even athletes can pass.” (White male swimming)

Professor asked the student athletes to stand on the first day of class and said, “These are the people who will probably drop this class.” (African American female, basketball)

….. They are seen as academically unqualified illegitimate students whose only interest is athletics, who expect and receive special treatment from professors and others. The perception is that in order to remain eligible and participate in sports they put in minimum effort, do little academic work, take easy classes and have others do their work for them. …..

But there is no reason to confine a college to only the so-called academic courses.

Perhaps if every college had a sports or athletic faculty where grades were obtained for performance and where courses at this faculty demanded a minimum level of performance, some of the hypocrisy would be eliminated. Promoting excellence in any discipline – even a sport – is surely a legitimate activity for any University or College. The brain does not have to be separated from the brawn.

Lady driver +Texas lawyer = Lexus in cement

August 22, 2011

A female lawyer got into a sticky situation when she attempted a U-turn, only accomplished an L-turn and drove straight onto a bed of freshly laid wet cement in Houston, Texas. Police were eventually called in to rescue the woman, but it’s understood she decided to stay in her car so as not to ruin her shoes.

The only mitigating circumstance is that it was 08:30 in the morning – a time when lawyers are not usually awake.

A Lexus in cement in Houston, Texas, 16th August

Vice Chancellor of Peshawar University found guilty of plagiarism but uses the courts and political pressure to remain in office

August 21, 2011

Dr. Azmat Hayat Khan : image US Embassy Pakistan

The Vice-Chancellor of the University of Peshawar,  Dr Azmat Hayat Khan has been found guilty of plagiarism by a three-member committee of the Higher Education Commission that was constituted to probe the matter. The Higher Education Commission has submitted its report to Governor Khyber-Pakhtunkhwa who is also the Chancellor of the university. The Vice Chancellor has gone to court to prevent any actions being taken against him.

Noor Aftab in  The News.

University of Peshawar Vice Chancellor Dr Azmat Hayat Khan has been found involved in plagiarism by the three-member committee of Higher Education Commission (HEC) that was constituted to probe into the matter. …  Dr Khan, a former director of the Area Study Centre has been accused by a university teacher Muhammad Zubair, of including in his book titled ‘The Durand Land: Its Geo Strategic Importance’, published in 2000 by Area Study Centre, University of Peshawar, and Hanns Seidel Foundation, some passages from the book ‘Pak-Afghan Relations’, written by Dr Kulwant Kaur of Jammu University, Jammu, and published by Deep and Deep publications in 1985.

As per plagiarism policy, vice chancellors are responsible to constitute the plagiarism standing committee and committee will report to him but in this case the complaint is against the VC himself. Finding itself toothless in the said situation, HEC asked the Governor KPK to intervene and conduct an independent, impartial and unbiased enquiry against the incumbent VC, being fully in charge of the university. However, the Governor wrote letter to HEC and authorised it to constitute a committee to probe into the matter. 

Challenging the jurisdiction and authority of Higher Education Commission (HEC) in dealing with the cases of plagiarism, University of Peshawar Vice Chancellor (VC), Dr Azmat Hayat Khan has filed a writ petition in Peshawar High Court in which he has asked the apex court to refrain the commission from taking any action on the grounds of alleged plagiarism against him. …..

The complainant Mohammad Zubair believes that some political leaders of ANP were trying to cover VC by stopping the Governor to take any action against him.

Back in March, the complainant Mohammad Zubair, an assistant professor at the UoP Law College was suspended:

Mr Zubair had been accused of ‘gross misconduct’ under the University of Peshawar Employees Efficiency and Discipline Statutes, 1977 and charged with violation of the university rules. The teacher has been charged with taking part in political activities and making objectionable speeches. He has also been charged for direct and frequent correspondence with the chancellor and the HEC and delivering misleading information.

There were also reports in June that Zubair had complained of his life being threatened.

Though Vice-Chancellors are generally former academics, the appointments as Vice Chancellor are entirely political. The Awami National Party (ANP) is a political party and is very strong in the Pashtun dominated areas of Khyber- Pakhtunkhwa, Balochistan and Sindh provinces. With party support and considering the balance of political forces in Pakistan it is highly unlikely that any serious action will be taken against the VC.

Medtronic pays 5 surgeons $7m kickbacks in just 9 months: The rape of Medicare

August 21, 2011

The Medtronic story is not just about ghost- writing and paying for favourable peer-reviewed scientific papers and supporting researchers to the tune of millions but it is also about all the surgeons in their pocket and how they exploit and “rape” Medicare.

Earl Stevens writes:

Norton Hospital in Louisville, Ky., may not be a household name nationally. But five senior spine surgeons have helped put it on the map in at least one category: From 2004 to 2008, Norton performed the third-most spinal fusions on Medicare patients in the country.

The five surgeons are also among the largest recipients nationwide of payments from medical-device giant Medtronic Inc. In the first nine months of this year alone, the surgeons — Steven Glassman, Mitchell Campbell, John Johnson, John Dimar and Rolando Puno — received more than $7 million from the Fridley, Minn., company. Medtronic and the surgeons say the payments are mostly royalties they earned for helping the company design one of its best-selling spine products.

Corporate whistleblowers and congressional critics contend such arrangements—which are common in orthopedic surgery—amount to kickbacks to stoke sales of medical devices. They argue that the overuse of surgical hardware ranging from heart stents to artificial hips is a big factor behind the soaring costs of Medicare, the government medical-insurance system for the elderly and disabled. ….

Using a Medicare database that tracks hospitals’ billing, The Wall Street Journal was able to ascertain that Norton is among the most aggressive practitioners of spinal fusion in the country.

Spinal fusion has become one of medicine’s most controversial procedures. It involves fusing together two or more vertebrae to alleviate back pain, usually with the help of metal plates, rods and screws implanted in the patient’s back. Tens of thousands of dollars of hardware can go into a single surgery. ….. Conservative spine surgeons argue that a spinal fusion is appropriate only for a small number of conditions, such as spinal instability, spinal fracture or a severe curvature of the spine known as scoliosis, and that financial incentives have caused the procedure to become overused. …

One health insurer, the nonprofit Blue Cross and Blue Shield of North Carolina, announced in September that it would stop paying for spine fusions performed on such patients beginning on Jan. 1. The insurer said that the procedures are “considered not medically necessary.” …

Some recent studies have suggested poor outcomes for spinal fusion.

So much for the Hippocratc Oath which requires “prescribing regimens for the good of my patients according to my ability and my judgment and never doing harm to anyone“.

Related: Medtronics and others – “supporting doctors with multi – million dollar payments”  

It’s silly season: Aliens and global warming “fun” paper picked up by the Guardian and others and the co-author apologises

August 20, 2011

It’s August and the silly season is on us.

Global warming >> detection by advanced aliens >> humanity exterminated

Even a science fiction author would have qualms.

The Guardian carried a headline: Aliens may destroy humanity to protect other civilisations, say scientists saying Rising greenhouse emissions could tip off aliens that we are a rapidly expanding threat, warns a report. They had picked up on a “fun” paper which was a couple of months old. It was attributed – now admitted by a co-author – quite wrongly to NASA.

Though the Guardian actually does say that one of the authors is a “NASA affiliated scientist” and does not explicitly say NASA was behind the paper the report does imply that this was a “formal” NASA paper. This was of course picked up by a number of other media outlets – Svenska Dagbladet among them – which merely carried the Guardian report headline and all. Not one of the journalists who reported the Guardian silly season story actually bothered to read the original paper which is here:

Acta Astronautica, 2011, 68(11-12): 2114-2129. Would Contact with Extraterrestrials Benefit or Harm Humanity? A Scenario Analysis by Seth D. Baum-1, Jacob D. Haqq-Misra-2 & Shawn D. Domagal-Goldman-3

1. Department of Geography, Pennsylvania State University.
2. Department of Meteorology, Pennsylvania State University
3. NASA Planetary Science Division

The third author, Shawn Goldman, who happens to work at NASA organising conferences and workshops, has been forced to explain and clarify that this was just a “fun” scenario done in his spare time and has nothing to do with NASA.

Shawn Domagal-Goldman is currently a postdoc at NASA Headquarters in Washington, DC. For 3-4 days a week he works in the astrobiology program office, organizing conferences and workshops. The other 1-2 days are dedicated to research focused on exoplanet characterization lessons from the “pale orange dot” that was the Archean Earth.

(Archean Earth was similar to but somewhat warmer than today, existed some 3800 – 2500 million years ago and is thought to have contained no free Oxygen. Bacteria were around. I suppose if you can get your mind around imagining the Archean Earth then imagining aliens picking up on global warming and emissions signals and destroying humanity is child’s play).

Shawn D. Domagal-Goldman

Alien expert?: Shawn D. Domagal-Goldman

He writes:

Yes, I work at NASA. It’s also true that I work at NASA Headquarters. But I am not a civil servant… just a lowly postdoc. More importantly, this paper has nothing to do with my work there. I wasn’t funded for it, nor did I spend any of my time at work or any resources provided to me by NASA to participate in this effort. There are at least a hundred more important and urgent things to be done on any given work day than speculate on the different scenarios for contact with alien civilizations… However, in my free time (what precious little I have), I didn’t mind working on stuff like this every once in a while. Why? Well, because I’m a geek and stuff like this is fun to think about. Unfortunately, there is not enough time for fun. Indeed, I felt guilty at times because this has led to a lack of effort on my part in my interactions with Seth and Jacob. Beyond adding some comments here or there, I did very little for the paper.

But I do admit to making a horrible mistake. It was an honest one, and a naive one… but it was a mistake nonetheless. I should not have listed my affiliation as “NASA Headquarters.” I did so because that is my current academic affiliation. But when I did so I did not realize the full implications that has. …..

One last thing: I stand by the analysis in the paper. Is such a scenario likely? I don’t think so. But it’s one of a myriad of possible (albeit unlikely) scenarios, and the point of the paper was to review them. 

Perhaps the aliens picked up on Archean Earth and actually seeded the progression of the bacteria into humanity.

Oh well! It is August and we are all entitled to be silly – even the Guardian.

University of Utah fires tenured Bakhtiari for a “pattern of plagiarism”

August 20, 2011

I  just returned from a few days in Vienna and the Ruhr Valley – a region which is no stranger to political high intrigue and deception and I am just catching up with some of my backlog.

Salt Lake City has had its share of intrigue in the past but the latest is the firing of Utah University’s tenured Director of its Middle East Centre, Dr. Bahman Bakhthiari:

A faculty panel substantiated nine instances of plagiarism by former University of Utah political scientist Bahman Bakhtiari, who directed the Middle East Center from July 2009 until February 2011. The materials include five book chapters, his doctoral dissertation and three opinion commentaries. Bakhtiari says the plagiarism was due to carelessness. The U. administration terminated Bakhtiari against the recommendation of the panel, which proposed lesser sanctions.

Bahman Bakhtiari

Bahman Bakhtiari

The university interim President, Lorris Betz,  overruled the panel recommendations writing in a June 30th letter:

“Plagiarism — holding out the work of another as one’s own — strikes at the very core of academic integrity. …. The only appropriate sanction in this case is dismissal, which is necessary to preserve the academic integrity of the institution and to restore public confidence in the university.” 

I have always wondered why “political scientists” are so-called and the use of the word “artist” – as used in “con-artist” – may be much more appropriate for “scholars” dabbling in the black-arts.

Lorris Betz

Needless to say, Bakhtiari sees a certain level of political connivance against him says the Salt Lake Tribune

Bakhtiari, whose name also appears in print as “Baktiari,” maintains the overlap between his work and that of others was not intentional. He says his firing represents an unwarranted intrusion by administration into faculty governance. The Iranian-born scholar also alleges he is the victim of discrimination perpetrated by a “pro-Arabist faction” within the MEC.

 Bakhtiari defended his integrity, arguing that he has produced 3,500 pages of scholarly material with 14,000 footnotes over the course of his career and the panel found problems with only eight pages. Twelve diplomats and prominent scholars, including Gary Sick and Judith Yaphe, from around the world submitted letters vouching for his character.

“It is not a pattern when you have published 90 articles,” Bakhtiari said.

In a letter to Betz asking him to limit the sanction to a private reprimand, Bakhtiari’s lawyer Christopher Finley said no evidence was presented to suggest the political scientist’s mistakes were motivated by a desire to take credit for others’ original work or that these mistakes harmed the university. 

In fact he may well be right because the case of administrative “clerks” – even if holding high rank – over-ruling an academic finding is rare – but not unknown for political reasons (as with hospital administrators firing doctors from time to time). Nevertheless Bakhtiari was clearly not good enough at the game of political intrigue which – after all – should have been his speciality. He seems to have made elementary errors of money management and political judgement. Exhausting all the money available must have been a red rag to the administrative bulls.

The plagiarism probe focused mostly on materials Bakhtiari submitted to the U. when he applied for a tenured position two years ago, according to the U. documents. At that time he was director of the University of Maine’s School of Policy and International Affairs.

In his defense to the panel, Bakhtiari conceded he made “mistakes” and was “sloppy,” but denied he intentionally copied, despite “convincing evidence” that his work borrowed whole sentences and paragraphs from other sources with no attribution, according to the June 14 CHC report. His defense focused on the history of “internecine strife” plaguing the Middle East Center and the “derelictions” of his former U. colleagues, alleging one professor concealed his lack of a doctorate for decades but was not fired.

The faculty panel acknowledged Bakhtiari faced “extreme hardship” trying to right the center, but pointed out that much of the documented plagiarism occurred long before he arrived in Salt Lake City. Noting it reached its conclusions with “great sadness,” the panel by a 3-2 vote recommended a public reprimand, six-month suspension without pay, transfer out of the College of Humanities and “retraction” of the offending publications. ….

The case against Bakhtiari was based on a March 7 complaint filed by four professors and humanities dean Robert Newman, who hired Bakhtiari with the hope of revitalizing the Middle East Center in the wake of a leadership shake-up. This group was particularly incensed with Bakhtiari for inserting two paragraphs — taken verbatim from a speech delivered by National Endowment for the Humanities Chairman Jim Leach — with no attribution into a conference proposal prepared by students. … 

In February, U. graduate students first uncovered passages in Bakhtiari’s published work, starting with an opinion piece in The Tribune that appeared to contain unattributed material from others’ work. Around that time, an audit revealed that the center had exhausted its financial resources under Bakhtiari’s leadership.

Newman placed Bakhtiari on paid administrative leave in February, took over the center’s fiscal affairs and initiated an investigation. This probe documented 11 instances of suspected plagiarism, including material used in his course syllabus, book chapters, the MEC newsletter and commentaries. It discovered eight pages of Bakhtiari’s 1984 dissertation at the University of Virginia, which awarded his doctorate, contained passages that had been pulled from five other sources without attribution.

The faculty panel substantiated nine of these instances, but concluded sanctions weren’t warranted for the copying apparent in the conference proposal and course syllabus.

Meanwhile, the University of Maine, where Bakhtiari taught when he wrote most of the material found to be plagiarized, will review his work according to spokesman Joseph Carr.

But still cases of tenured staff being fired from US Universities are exceptional and very rare. When it does happen a “resignation” is usually engineered (as in the case of Marc Hauser).

 

Saab being plundered by Victor Muller and his friends

August 18, 2011

Travelling for a few days and have to be brief.

I am pretty sure that Saab has already been plundered by Victor Muller and his friends and has been left with with very little in the way of assets or cash. It looks like the board members of Saab’s owners increased their directors fees by obscene amounts while Saab has been struggling for cash.

Dagens Industri 

Svenska Dagbladet  

Related:

Victor Muller’s games continue: Are the new Saab shares ending up in Russian hands?