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Speaker 1: Welcome to Stuff You Should Know, a production of I

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Speaker 1: Heart Radio. Hey, and welcome to the podcast. I'm Josh Clark.

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Speaker 1: There's Charles w Chuck Bryant, and there is Jerry Jerome Rowland,

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Speaker 1: and it's Stuff you should Know. Back Together Again on

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Speaker 1: the Cow about how panicalta, although this will be released

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Speaker 1: after the other episode where we're back together again. Yeah,

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Speaker 1: that's so like us, That is typical. We'll screw up

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Speaker 1: our own reunion, that's right. Yeah, we'll have to use

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Speaker 1: the way back machine to get things right. Okay, I

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Speaker 1: think we gotta tell everyone what's going on here, though

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Speaker 1: hopefully you're listening on earbuds or headphones. If not, we

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Speaker 1: encourage you too, because this is special episode where we

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Speaker 1: were recording in three D audio, and I think we

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Speaker 1: should explain what's going on in this room. I don't know,

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Speaker 1: I feel like we're transgressing if we talk about it,

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Speaker 1: and really, yeah, because it might do something to us.

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Speaker 1: Uh No, I think we should describe this microphone. Okay,

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Speaker 1: I'm a little scared of it, but go ahead. Well,

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Speaker 1: I'm on one side, so Josh and I you know,

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Speaker 1: we finally get back together to record and it's nothing

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Speaker 1: like a normal experience, not even the same studio, different studio.

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Speaker 1: We're sitting side by side, which is weird, although I'm

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Speaker 1: just pretending it's a live show. Uh. And in front

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Speaker 1: of us is this microphone with human ears? Yeah, but

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Speaker 1: they're like plastic snow white ears. Yeah, like the creepiest

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Speaker 1: white you could imagine. Yeah, it's and then they have

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Speaker 1: like bolts going around and stuff too. It looks like

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Speaker 1: it looks like I'm afraid of it. That's what it

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Speaker 1: looks like to me. I don't like it one bit. Yeah.

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Speaker 1: And the idea is that we talk into these ears

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Speaker 1: and it produces a different sonic experience for the listener

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Speaker 1: at our expense, right, because it's three D audio week, right,

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Speaker 1: it is. So I think a lot of our shows

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Speaker 1: are doing this, right, I'm pretty sure almost all of them.

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Speaker 1: So if you're like, man, this is the most amazing

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Speaker 1: thing I've ever heard, just start go and start listening

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Speaker 1: to my heart shows this week, because they're going to

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Speaker 1: have a lot of cool stuff going. Yes, and I

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Speaker 1: imagine many other shows other than ours will have make

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Speaker 1: better use of the technology and not just talking to

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Speaker 1: the ears. Talk to the ear. Hey, you know a

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Speaker 1: little known fact, by the way, these ears are modeled

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Speaker 1: after Stellmark's ears. Oh, it's part of his form. Looks

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Speaker 1: like that's okay. So we're talking actually not about three

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Speaker 1: D audio today, but instead we're talking about the IVY Leagues,

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Speaker 1: which obviously is the topic you pick when you're doing

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Speaker 1: a three D audio stunt. Right, Yeah, And I've got

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Speaker 1: a couple of quick quotes, if you'll allow. I have

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Speaker 1: two friends we share one who went to IVY League schools. Well,

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Speaker 1: my friend Rob Elsie, who you do do not know.

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Speaker 1: He was my roommate at Georgia for a year and

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Speaker 1: I still know. Rob's still friends with him. He went

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Speaker 1: to Harvard Law after going to Georgia, and he said

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Speaker 1: this that I want to read it exactly. I don't

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Speaker 1: want to paraphrase. He said, I always had the perception,

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Speaker 1: if you were there in a grad school context, you

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Speaker 1: weren't really considered part of the club. And then he

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Speaker 1: expanded on that and he said, uh, you know a

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Speaker 1: huge number of your classmates came from Ivy's as undergrad.

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Speaker 1: So as a grad student coming in from Georgia, he said,

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Speaker 1: it was almost like transferring to a new school in

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Speaker 1: the middle of a school you're kind of vibe like, oh,

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Speaker 1: you went to Georgia and now you're up here with us.

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Speaker 1: But he did say it was really coolly diverse in

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Speaker 1: law school. And he said, not just like ethnically diverse,

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Speaker 1: but he said my class had a former New York

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Speaker 1: City beat cop, a cardiologist from China, a former grade

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Speaker 1: school teacher. He said, just a lot of really unique experiences. Uh.

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Speaker 1: And then I asked our other friend, John Hodgman, Oh, yeah,

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Speaker 1: that's right with the Yale of course, if he wanted

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Speaker 1: to provide a quote, and he said this a Yale

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Speaker 1: man never comments on a podcast. That's pretty funny. Um.

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Speaker 1: I know. Hodgeman talked about being invited to I think

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Speaker 1: the Skull and Bones club later in life. In one

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Speaker 1: of his books, was the Skull and Bones or was

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Speaker 1: it one of the other ones. I'm pretty sure it

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Speaker 1: was good. I don't know, I don't know. It was

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Speaker 1: a great story. It's one of their secret societies. Yeah,

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Speaker 1: and I'm not surprised to hear that the Harvard Law

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Speaker 1: School is pretty diverse because l Woods was there and

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Speaker 1: she diversifies everything. I don't know who that is that's

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Speaker 1: illegally blonde reference. Okay, oh man, the ear got it

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Speaker 1: starting to complete a little bit, you know, it twitched

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Speaker 1: into light. Also, before we really dive in, Chuck, I

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Speaker 1: have to say, am I dreaming right now? Because we're

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Speaker 1: sitting next to each other and it just is is

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Speaker 1: beyond weird. I just have to go on about another minute, Like,

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Speaker 1: we haven't recorded together in over a year, we haven't

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Speaker 1: been in the same room together, and over here, I

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Speaker 1: don't know I have been in a room with a

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Speaker 1: person who's not my wife without a mask on, same here,

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Speaker 1: without number one hyperventilating or doing it at all. And

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Speaker 1: then the fact that we're going to be sitting here

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Speaker 1: together for like hours. It's just mind boggling to me. Hey,

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Speaker 1: get back to everybody a science, are you? Yes? It is,

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Speaker 1: Josh and I will not die because of this. No, No,

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Speaker 1: because we were backed. We're gonna grow that baby head

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Speaker 1: out of our back that like the bosses around it happens.

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Speaker 1: But other than that, we're gonna be good alright. Ivy Leagues. Yeah,

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Speaker 1: So one of the things that I had, the Grabster

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Speaker 1: helped us out with this one. Um, and I had

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Speaker 1: no idea what the IVY League truly is like when

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Speaker 1: everybody thinks of the IVY League, you think of, if

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Speaker 1: you know what you're talking about eight schools, sometimes referred

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Speaker 1: to as the Ancient Eight. There among the oldest schools

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Speaker 1: in America. You got Brown Go Bears, Colombia Go Lins,

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Speaker 1: Cornell Go Big Red, Dartmouth Go Big Green, Harvard Go Crimson, yea,

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Speaker 1: the Crimson tide Um, Pennsylvania Go Quakers. Yeahs um Princeton

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Speaker 1: Go Tigers. And then yeah, Hodgments all the model Hodgmans.

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Speaker 1: And of those eight, seven of them were founded before

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Speaker 1: the United States was even around. Yeah, I mean that's

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Speaker 1: kind of one of the cool things about the IVY League,

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Speaker 1: which spoiler, it's really just an athletic conference. That's what

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Speaker 1: I didn't know. Did you know that? You know, I

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Speaker 1: think I knew that, But when I first started looking

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Speaker 1: into this as a topic, you think of IVY League

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Speaker 1: as a concept, rightfully, I think, because it is that,

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Speaker 1: but at its root it is it's a sports athletic conference. No,

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Speaker 1: it's kind of weird because one of the other things

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Speaker 1: you don't think of when you think of the IVY

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Speaker 1: League is sports. Yeah, not really, it's I mean, if

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Speaker 1: you're in defensing, rowing, lacrosse, um wrestling, share backgammon, UM

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Speaker 1: track and field, you might think of the I V

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Speaker 1: S and in fact, like UM women's rowing has been

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Speaker 1: dominated apparently by UM the IVY League's cry Brown and um, oh,

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Speaker 1: I think it's Cornell women. If I'm not mistaken, I'll

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Speaker 1: look I haven't written down somewhere else, So if that's

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Speaker 1: not right, I'll correct myself or totally forget to correct

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Speaker 1: myself as usual. Um. But yeah, for the most part,

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Speaker 1: you don't think sports, even though they do play. It's

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Speaker 1: a Division one A A conference also known as Division

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Speaker 1: one FCS, so they're not Division one A like they

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Speaker 1: wouldn't normally play like Georgia or or Alabama or something

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Speaker 1: like that. All right, they play teams like UM, Howard University,

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Speaker 1: Holy Cross, UM San Diego, like the kind of universities

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Speaker 1: you're like, oh, I didn't know they had a College

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Speaker 1: for All team, Like that's the Division Division one FCS. Yeah,

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Speaker 1: and occasionally the IVY League will get a basketball team

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Speaker 1: that's pretty good. Yeah, I'm talking about it feels like

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Speaker 1: once every fifteen years or so. Yale has had some

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Speaker 1: pretty long good streaks, right, I don't remember Harvard and

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Speaker 1: Princeton have had a couple of teams that like went

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Speaker 1: to the March Madness Tournament and you know, it's h

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Speaker 1: they're they're kind of fun to watch. It's a bunch

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Speaker 1: of it's a three point shooting fests from from a

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Speaker 1: bunch of white kids, is it. Yeah, yeah, those are

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Speaker 1: fun though. I like three point shooting fests. So I

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Speaker 1: really love the Golden State Warriors for a while there

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Speaker 1: not these days though, No, no, yeah, I mean they've

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Speaker 1: kind of hit on hard time, Chuck. I don't know

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Speaker 1: if you know. Oh I knew they did last year,

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Speaker 1: but I thought they were coming back. So the thing

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Speaker 1: is that was like what we're talking about sports? People

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Speaker 1: are like, why are you talking about sports? This is

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Speaker 1: how the IVY League episode, How the IVY League Works episode.

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Speaker 1: So um, we're gonna basically stop talking about sports in

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Speaker 1: a little bit. But you have to talk about sports

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Speaker 1: because it's like you said, it's a sports league, but

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Speaker 1: it's it's just just completely disingenuous to say, like, Okay,

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Speaker 1: that's at the IVY League is a sports league. It's

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Speaker 1: so much more than that has really so little to

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Speaker 1: do with it being a sports league. It just so

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Speaker 1: happens that these elite institutions that were elite long before

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Speaker 1: the sport of football came around, happened to join into

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Speaker 1: a conference together informed a yeah sports conference. Yeah, but

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Speaker 1: it it really is a concept, and it's you know,

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Speaker 1: it's a grouping of schools, like you said, are among

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Speaker 1: the oldest, the most prestigious. Uh, we'll talk about their

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Speaker 1: elite status and whether or not that's true. It is

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Speaker 1: whether or not they are elitists. They can be, but

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Speaker 1: they're trying to fix that, Josh not you know, those

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Speaker 1: ears can't see you. I don't know that's the point.

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Speaker 1: But yeah, I mean it's where I mean, we'll get

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Speaker 1: to all this, but it's where the presidents of the

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Speaker 1: unit I did States and Supreme Court justices and CEOs

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Speaker 1: of huge law firms and companies go to school. You know. Yeah.

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Speaker 1: The idea is that if you make it into an

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Speaker 1: ivy League school, you can basically write your own ticket

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Speaker 1: from the United States, right. Yeah, And it's been that

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Speaker 1: way for a really long time and for a really

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Speaker 1: long time that that is just how it was. But

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Speaker 1: then when they started to kind of expand and try

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Speaker 1: to be bastions of higher education that serve also seoeconomic

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Speaker 1: status is give the best and the brightest, regardless of

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Speaker 1: your income a fast track to that. It became clear

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Speaker 1: that that's not necessarily how it works. That in a

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Speaker 1: lot of ways, Ivy League schools really are just this

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Speaker 1: conveyor belt for dynasties, you know that that just serve

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Speaker 1: the highest echelons of society. But it is it's unfair

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Speaker 1: to say that they aren't doing anything about that or

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Speaker 1: don't do anything about it. They do try to counteract that. So, uh,

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Speaker 1: if I were to write my own ticket, you know

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Speaker 1: it would be Jay Walking. Really, I was gonna say Aerosmith.

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Speaker 1: I didn't think about that kind of ticure. Man. Yeah, man,

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Speaker 1: you gotta expand your mind. Now I gotta pay some

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Speaker 1: stupid Jaywalkee. Fine, and you're rocking out to Arios. Now

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Speaker 1: you met the wrong direction with that, al right, So

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Speaker 1: I guess we can talk about the origin of the

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Speaker 1: name IVY League. Um, there is one. Well, there are

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Speaker 1: a couple of stories that that are not true that

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Speaker 1: you still hear people say are true in certain circles.

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Speaker 1: None Ivy circles. Uh. It's that when they first got

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Speaker 1: together to talk about forming a sports league, there were

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Speaker 1: four schools, so they used the Roman numeral four, which

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Speaker 1: is an I V and they called themselves ivy league.

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Speaker 1: That is not true, or that I saw a kind

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Speaker 1: of elitist lee. Um. It was the outsiders saw the

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Speaker 1: Roman numeral four and called the ivy incorrectly, which is

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Speaker 1: even more like even worse. But yes, that's just not true.

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Speaker 1: There's another story that's a little closer to the truth

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Speaker 1: that this one sport writer in the thirties um complained

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Speaker 1: that he was gonna have to watch the ivy grow

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Speaker 1: at some of these IVY covered institutions when he was

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Speaker 1: assigned to cover I think a Columbia football game, right, Yeah,

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Speaker 1: Columbia Penn game in nineteen thirty seven, and Casswell Adams

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Speaker 1: was not too happy about that assignment. No, and so

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Speaker 1: his his editor, guy named Stanley Woodward of the New

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Speaker 1: York Herold Tribune, took that ivy thing and ran within

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Speaker 1: created the ivy League. That story is probably not true either,

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Speaker 1: but it does seem like Stanley Woodward is a good

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Speaker 1: bet for the person who came up with the term

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Speaker 1: ivy league, right, and then in nineteen thirty five was

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Speaker 1: officially used in print from AP editor Alan Gould. But

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Speaker 1: it seems like the It seems like it might just

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Speaker 1: be as simple as the fact that these are schools

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Speaker 1: that literally have a bunch of buildings with ivy colored walls,

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Speaker 1: not colored, but ivy growing on the walls, right, which

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Speaker 1: is this kind of um It has like a distinguished

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Speaker 1: air to it. It's it lends like this umw super

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Speaker 1: upper crust vibe ivy. Letting ivy grow up the walls

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Speaker 1: of your institution. It's definitely like it's a certain thing

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Speaker 1: and it creates a certain vibe. And that vibe just

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Speaker 1: happens to be exactly what the Ivy League schools are

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Speaker 1: all about. And I mean they even have like ivy

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Speaker 1: planting ceremonies for incoming classes. Um. And I believe all

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Speaker 1: except Yale let ivy grow still. But Yale, I think,

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Speaker 1: starting back in the eighties started cutting their's back because

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Speaker 1: it's actually not good for your building. Ivy roots get

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Speaker 1: into masonry joints, they hold moisture. It's not a it's

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Speaker 1: a bad jam basically, and it can really cut into

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Speaker 1: your annual take from your endowment to fix those buildings.

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Speaker 1: So Yale said no more. They have a little bit

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Speaker 1: of ivy crawling up a couple of halls, but for

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Speaker 1: the most part it's gone from the campus. I've got

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Speaker 1: IVY on my part of one of my privacy fences

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Speaker 1: between my neighbor and I built that privous defence when

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Speaker 1: we moved in myself with my own hands, and IVY

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Speaker 1: started growing and now as a complete wall of IVY

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Speaker 1: and it looks awesome. Yeah, I think it's a mosquito farm,

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Speaker 1: is what I've heard, but I don't want to. I mean,

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Speaker 1: I trim it back, but I'm gonna leave it there

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Speaker 1: because it looks really cool. It's also chipmunks love to

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Speaker 1: live in there too, So how can you how can

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Speaker 1: you do away with the chipmunk house? Can't get rid

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Speaker 1: of their habitat? Where would they go? I know? Um,

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Speaker 1: you want to take a little break. Yeah, I'm gonna

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Speaker 1: go get a Q tip for this microphone. Okay, I'll

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Speaker 1: be right back. I'm gonna go breathe into a paper

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Speaker 1: bank for a little bit. That's so much stuff from

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Speaker 1: Josh and shock stuff you sh all right, chuck. So

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Speaker 1: we're back. Um. And So the IVY League, as we

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Speaker 1: were saying, basically came out of the formation of the

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Speaker 1: sports league itself. It was probably a sports editor named

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Speaker 1: Stanley Woodward came up with the name UM. And what

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Speaker 1: I think really just kind of underscores the IVY League's

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Speaker 1: approached to sports is that the reason the IVY League formed,

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Speaker 1: and it try there are some stops and starts in

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Speaker 1: the beginning of the twentieth century, especially in like the

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Speaker 1: thirties UM, where you know, not all eight were involved

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Speaker 1: or at all eight were allowed in and some people

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Speaker 1: were mad and all that, and it just didn't quite

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Speaker 1: come together until the mid forties when they came together

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Speaker 1: and formed the Ivy Group Agreement in all eight schools

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Speaker 1: didn't and they basically did it to say, uh, we're

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Speaker 1: really worried about this kind of growing influence of sports,

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Speaker 1: and in particular football, we want to make sure that

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Speaker 1: doesn't happen in our school. So they formed a sports

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Speaker 1: league to better control roll football as far as it's

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Speaker 1: balanced with academic life. That's what the IVY League Sports

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Speaker 1: League was based on. Yeah, and I think there were

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Speaker 1: some worries too about the danger of football early on,

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Speaker 1: because you know, back then, actually I'm trying to think

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Speaker 1: of what the helmets were like. They were not much.

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Speaker 1: They were basically like um, like a sheep skin wrapped

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Speaker 1: around her head and then you hope for the best. No,

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Speaker 1: I think that was post just leather heads years. I

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Speaker 1: don't know. I think that was still into the fouries.

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Speaker 1: I think it was maybe the late fifties early sixties

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Speaker 1: when they started like the helmet with the single ball

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Speaker 1: but faces right, No, nothing like that. I remember at

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Speaker 1: the college or the Pro Football Hall of Fame they

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Speaker 1: have like the helmets through the years right when you

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Speaker 1: kind of first come in, and it is pretty jarring

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Speaker 1: to look at those early ones and drink that those

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Speaker 1: guys were just so concussed. The widow maker, that's what

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Speaker 1: they called that leather helmet with the ears. Yeah we're

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Speaker 1: okay and protected. But yeah, I think they just took

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Speaker 1: like the little wrestling ears and threw some leather on

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Speaker 1: top of that. Uh so, Yeah, they signed the Ivy

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Speaker 1: Group Agreement. They said football is dangerous and we don't

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Speaker 1: want it to get in the way of school. And

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Speaker 1: then in fifty four they expanded that to include all

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Speaker 1: the competitions athletic athletically speaking. And then I think in

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Speaker 1: nineteen fifty six they actually started playing these sports and

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Speaker 1: they finally got around into it. Then yeah, and it

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Speaker 1: was I think there was the Eastern Intercollegiate Basketball League

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Speaker 1: was where they first played basketball in nineteen o one,

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Speaker 1: and then they rolled that into the IVY League when

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Speaker 1: they finally came around in fifty six. So they like

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Speaker 1: to claim, uh that they are the oldest n C

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Speaker 1: Double A Division one basketball conference because of that first

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Speaker 1: UH was that the E I b L Um not

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Speaker 1: the prettiest acronym I've ever seen. Um, But the that

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Speaker 1: IVY group agree. And then later on the formation of

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Speaker 1: the IVY League, UM, like I was saying, they wanted

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Speaker 1: to balance academics with sports. There were basically like, these

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Speaker 1: students are here to learn, but if they have time

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Speaker 1: or they're interested in sports, shirt, we'll let them play sports.

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Speaker 1: So they kind of um sketched out some rules that

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Speaker 1: other universities and colleges would find to be utter madness. UM,

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Speaker 1: no athletic scholarships whatsoever, Like if you you can't go

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Speaker 1: to an IVY League school and an athletic scholarship, like

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Speaker 1: financially it's supposed to be reserved for the the the

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Speaker 1: brightest students of less means or lower means than the

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Speaker 1: other kids. Right you also, UM, if you end up

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Speaker 1: in a championship or a playoff or something. What do

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Speaker 1: you have to do if you're the team, Well, you

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Speaker 1: don't go. Uh, although I guess basketball is an exception

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Speaker 1: because they have played in the March Madness tournament. But

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Speaker 1: I know that if they if I mean must be

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Speaker 1: on the football teams, probably not gonna make I know,

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Speaker 1: it's not really a problem if you think about it.

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Speaker 1: But if they did, supposedly they would have to skip

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Speaker 1: the ball game. Uh. They don't allow grad students to play,

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Speaker 1: although that's not the most common thing even at other schools.

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Speaker 1: They also switched that this year because of the coronavirus.

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Speaker 1: If you were a senior and you didn't get to

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Speaker 1: play in but you're gonna be a grad student at

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Speaker 1: the same IVY League school, they're letting you play one

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00:19:23,400 --> 00:19:25,480
Speaker 1: more year, which is like a huge till a first

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Speaker 1: year at Harvard law student could play football Yeah and dominate. Yeah,

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Speaker 1: I dominate on the line and in case law. Uh.

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Speaker 1: And then what's the other one. Oh, they don't allow

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Speaker 1: red shirts, right, the practice of red shirting a student. Yeah,

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Speaker 1: because I mean, you're a pretty serious you have a

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Speaker 1: serious sports program. If you're taking people and being like

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Speaker 1: I think you're gonna be better as a junior and

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Speaker 1: senior or as a freshman. We want to add an

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Speaker 1: extra year onto your school. So where this red shirt

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Speaker 1: around for the next twelve Monthent do not take it off.

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Speaker 1: Real should be disqualified. You're not allowed. So and I

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Speaker 1: mean these rules have been in place in SSPECTED for

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Speaker 1: decades now, since the since the nineteen forties when they

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Speaker 1: first came together. So um, that's not to say though

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Speaker 1: that even even though they're not very good at football

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Speaker 1: and not necessarily very good at basketball, that there aren't

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Speaker 1: like any teams or any individuals that excel at sports

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Speaker 1: and win national championships. Like I said, um, Brown and Yale,

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Speaker 1: it was the Yale women who um dominate rowing. I

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Speaker 1: don't know Brown, Brown and Yaka yeah yeah, um, but

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Speaker 1: I think it said earlier Cornell. Right now, I think

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Speaker 1: I said earlier Cornell. But it's it's Brown and Yale,

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Speaker 1: who are um women who are both good at rowing.

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Speaker 1: Yeah you could, if you're a wrestler, you could do

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Speaker 1: pretty well at one of the schools. Yeah, you could

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Speaker 1: end up on the Gray Fox team or if you're

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Speaker 1: on the ski team, if you know, if your university

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Speaker 1: has a ski team. Then that says a lot already.

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Speaker 1: It really does. First of all, it says you're from

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Speaker 1: the Northeast. But also it's is that you probably came

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Speaker 1: from a wealthy high school that had a ski team. Yea,

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Speaker 1: which is a thing that we'll talk about later on. Well,

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Speaker 1: sure that these sports are for people with money generally? Yeah,

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Speaker 1: basically that, um, because there's not a really good basketball

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Speaker 1: team or football team there. I think their baseball teams

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00:21:19,320 --> 00:21:22,679
Speaker 1: are so so too. Hockey team to a little bit. That. Um,

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Speaker 1: you basically have to come from a wealthy school district

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Speaker 1: in high school to excel at sports in these universities. Yeah,

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Speaker 1: I mean, I guess that kind of sets us up

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Speaker 1: for the big question is whether or not these are

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Speaker 1: elitist schools. I think they're sort of in a I

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Speaker 1: don't know about a pickle. I think they're in a

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Speaker 1: constant pickle trying to be elite without appearing elitist. That's

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Speaker 1: a that's a tough act, believe me. Yeah, Oh that's funny. Um,

385
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Speaker 1: And they are elite schools, Like if you go to

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Speaker 1: an Ivy League school, they say you have a five

387
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Speaker 1: to sixfold advantage relative to random distribution of attainment of

388
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Speaker 1: a top position in business or government. So you're five

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Speaker 1: to six times more likely to be a CEO or

390
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Speaker 1: to be that Supreme Court justice, right, especially if you

391
00:22:11,720 --> 00:22:14,520
Speaker 1: go to business or law school. Right, but yeah, anything

392
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Speaker 1: finance or law. I think eight of the nine current

393
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Speaker 1: justices went there, except for Amy Coney Barrett, who went

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Speaker 1: to Notre Dame Well the Catholic Ivy Yeah, that's true,

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00:22:24,480 --> 00:22:26,480
Speaker 1: I guess, um. Yeah, so yeah, if you're on the

396
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Speaker 1: Supreme Court, there's an extraordinarily high likelihood you are a

397
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Speaker 1: graduate of not just an undergraduate of um An Ivy League,

398
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Speaker 1: but also a graduate of an Ivy League law school.

399
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Speaker 1: It's just it's just not done to have a Supreme

400
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Speaker 1: Court justice who isn't so. Amy Comy Barrett definitely bucks

401
00:22:42,640 --> 00:22:46,680
Speaker 1: that trend. Um. But presidents tend to be. I think

402
00:22:47,400 --> 00:22:51,360
Speaker 1: thirty four of all presidents in the United States ever

403
00:22:51,920 --> 00:22:56,400
Speaker 1: went to um An Ivy League school, either for undergrad

404
00:22:56,600 --> 00:23:00,159
Speaker 1: or grad. And then five of the last six. Can

405
00:23:00,200 --> 00:23:03,200
Speaker 1: you guess who number six is who did not go?

406
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Speaker 1: Joe Biden. Joe Biden went. He went to Delaware and

407
00:23:08,440 --> 00:23:12,080
Speaker 1: he went to Syracuse Law. Yeah, because the previous president

408
00:23:12,119 --> 00:23:15,320
Speaker 1: went to Wharton. Well, he went to Penn and then

409
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Speaker 1: I think he went on as well. And Wharton's the

410
00:23:17,600 --> 00:23:20,440
Speaker 1: business school at you pen, right, and just crushed it. Yeah,

411
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Speaker 1: Obama went to Columbia, that's right. Um, George w went

412
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Speaker 1: to Yale because he was a legacy. His father went

413
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Speaker 1: to you and he's a skull and bones guy to it.

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Speaker 1: What about Clinton? Where did he go? Clinton went to

415
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Speaker 1: Georgetown and then I believe he went to Yale. Law.

416
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Speaker 1: I was so hoping he was a razorback you think so?

417
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Speaker 1: I think I moved to Arkansas after that. They were like,

418
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Speaker 1: what state can we take over? Um? So, as far

419
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Speaker 1: as the education goes, you know, it's sort of one

420
00:23:51,960 --> 00:23:54,119
Speaker 1: of those things where the education, of course is great.

421
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Speaker 1: No one's gonna knock an IVY League school education with

422
00:23:57,359 --> 00:23:59,720
Speaker 1: a straight face, so don't think we're doing that. But

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00:24:00,520 --> 00:24:05,960
Speaker 1: there is that weird effect where getting the job because

424
00:24:06,080 --> 00:24:09,680
Speaker 1: you have that on your resume is a thing you

425
00:24:09,760 --> 00:24:13,280
Speaker 1: can't you just can't deny that, right. It's just the

426
00:24:13,520 --> 00:24:19,679
Speaker 1: reputation of the IVY leagues alone, Yes, sustain their reputation.

427
00:24:20,600 --> 00:24:24,520
Speaker 1: Success breeds success exactly. So if you have a degree

428
00:24:24,720 --> 00:24:29,720
Speaker 1: from an IVY League university. The doors are going to

429
00:24:29,800 --> 00:24:32,880
Speaker 1: open for you just because you have a degree from

430
00:24:32,920 --> 00:24:36,880
Speaker 1: an Ivy League university, Like you can stipend for position

431
00:24:37,200 --> 00:24:41,399
Speaker 1: at a Wall Street law firm and be less qualified,

432
00:24:41,480 --> 00:24:46,159
Speaker 1: probably as far as actually doing the work goes, than

433
00:24:46,320 --> 00:24:50,560
Speaker 1: somebody who went to Georgia who's smarter and more capable

434
00:24:50,600 --> 00:24:52,920
Speaker 1: than you. And you're probably going to get the job

435
00:24:53,560 --> 00:24:56,879
Speaker 1: because you went to an Ivy League school, because they

436
00:24:56,960 --> 00:24:59,480
Speaker 1: have the reputation. And the thing is, the Ivy Leagues

437
00:24:59,520 --> 00:25:03,040
Speaker 1: are well away of this. They know that that it

438
00:25:03,119 --> 00:25:05,240
Speaker 1: would be really easy to rest on their laurels and

439
00:25:05,359 --> 00:25:08,439
Speaker 1: just you know, let anybody in as long as your

440
00:25:08,480 --> 00:25:11,040
Speaker 1: parents have the money to donate, like a new wing

441
00:25:11,119 --> 00:25:14,159
Speaker 1: of the library or something. The library I don't know,

442
00:25:14,280 --> 00:25:18,840
Speaker 1: but it always donate a food all yeah, great, um.

443
00:25:19,280 --> 00:25:23,159
Speaker 1: But the I think that they try to balance that

444
00:25:23,240 --> 00:25:26,159
Speaker 1: out as much as possible, at least to some degree,

445
00:25:26,359 --> 00:25:28,760
Speaker 1: because they know that eventually the reputation is going to

446
00:25:28,840 --> 00:25:31,600
Speaker 1: fall because it turns out that all of the Harvard

447
00:25:31,640 --> 00:25:34,879
Speaker 1: people are really actually dummies. The problem is is in

448
00:25:34,960 --> 00:25:39,159
Speaker 1: the meantime, those people who are making their way to

449
00:25:39,240 --> 00:25:41,399
Speaker 1: the top just by virtue of having gone to the

450
00:25:41,480 --> 00:25:46,040
Speaker 1: Ivy leagues aren't necessarily the best in the brightest, and

451
00:25:47,200 --> 00:25:50,240
Speaker 1: since they're aggregating at the top, that means the leadership

452
00:25:50,520 --> 00:25:53,000
Speaker 1: is not necessarily the best in the brightest. And they're

453
00:25:53,040 --> 00:25:56,399
Speaker 1: also recruiting and drafting and opening doors and creating policies

454
00:25:57,000 --> 00:26:02,280
Speaker 1: that benefit people like them rather than necessarily everybody else.

455
00:26:02,359 --> 00:26:05,040
Speaker 1: And then the final factor of this chuck is that

456
00:26:05,800 --> 00:26:09,159
Speaker 1: because those people went to IVY League schools and the

457
00:26:09,280 --> 00:26:11,919
Speaker 1: rest of us are just awed by Ivy League schools.

458
00:26:12,320 --> 00:26:14,480
Speaker 1: The fact that they have Ivy League credentials means that

459
00:26:14,600 --> 00:26:17,639
Speaker 1: their ideas, that those policies they come up with, that

460
00:26:17,800 --> 00:26:23,360
Speaker 1: the that the decisions they make are inherently right because

461
00:26:23,480 --> 00:26:26,959
Speaker 1: their IVY League credentials. So it's a big or borrows

462
00:26:27,080 --> 00:26:30,080
Speaker 1: with like multiple tales going into multiple amounts, but it's

463
00:26:30,080 --> 00:26:32,720
Speaker 1: all one big thing. It's a human centipede, and it's

464
00:26:32,840 --> 00:26:35,639
Speaker 1: like a real right, it's a real um, it's a

465
00:26:35,720 --> 00:26:39,800
Speaker 1: real like balancing act because the the fate of the nation,

466
00:26:39,880 --> 00:26:43,399
Speaker 1: in a large part um not entirely, we'll get to that,

467
00:26:43,600 --> 00:26:46,680
Speaker 1: but in large part rests in the in the hands

468
00:26:46,760 --> 00:26:50,919
Speaker 1: of these these IVY League schools who are producing tomorrow's leaders.

469
00:26:51,080 --> 00:26:53,400
Speaker 1: That's true there was a study that found that top

470
00:26:53,480 --> 00:26:57,320
Speaker 1: executives are not dominated by these elite schools, but they

471
00:26:57,359 --> 00:27:00,800
Speaker 1: are overrepresented. So, like I said, that five to sixfold

472
00:27:00,800 --> 00:27:03,639
Speaker 1: advantage to get that top position in the business if

473
00:27:03,680 --> 00:27:06,360
Speaker 1: you went to an IVY League school, I think they're

474
00:27:06,359 --> 00:27:11,520
Speaker 1: all about on part though with like m I T, Stanford, Caltech, Um,

475
00:27:11,960 --> 00:27:14,720
Speaker 1: you know, there are plenty of non IVY schools that

476
00:27:14,880 --> 00:27:16,879
Speaker 1: also are kind of up there with them as far

477
00:27:16,960 --> 00:27:21,800
Speaker 1: as um, maybe not representation, but at least um breathing

478
00:27:21,840 --> 00:27:24,320
Speaker 1: in the same rarefied air. Yeah, there's a there's a

479
00:27:25,040 --> 00:27:30,400
Speaker 1: stratum called IVY Plus which includes Stanford, Duke, University of Chicago,

480
00:27:30,520 --> 00:27:33,199
Speaker 1: and m I T. As people consider that, and then

481
00:27:33,200 --> 00:27:35,280
Speaker 1: there's also people who are like, well, don't forget Georgetown

482
00:27:35,359 --> 00:27:39,080
Speaker 1: and don't forget you know, um, I think you see

483
00:27:39,119 --> 00:27:42,359
Speaker 1: Berkeley is sometimes yeah, Berkeley probably, So there's in a

484
00:27:42,440 --> 00:27:46,040
Speaker 1: few Northwestern maybe yes, um, if you if you step back,

485
00:27:46,040 --> 00:27:48,040
Speaker 1: they would look at these schools on paper, some of

486
00:27:48,080 --> 00:27:50,840
Speaker 1: these other schools probably blow IVY League schools out of

487
00:27:50,880 --> 00:27:53,560
Speaker 1: the water as far as just like education, Yeah, but

488
00:27:53,720 --> 00:27:57,400
Speaker 1: in specific areas, there are specific like if you want

489
00:27:57,480 --> 00:28:00,400
Speaker 1: to to understand business, go to Warton Business cool. If

490
00:28:00,440 --> 00:28:03,840
Speaker 1: you want to like practice law in any like to

491
00:28:04,040 --> 00:28:08,080
Speaker 1: learn law, Harvard Law, Yale Law, those are really good choices. Uh.

492
00:28:08,160 --> 00:28:10,119
Speaker 1: If you want to learn everything you need to know

493
00:28:10,160 --> 00:28:13,280
Speaker 1: about the food service industry, go to Cornell. Uh. They

494
00:28:13,320 --> 00:28:17,480
Speaker 1: have a huge like restaurant, Hospitality and food science division. Yeah.

495
00:28:17,560 --> 00:28:19,000
Speaker 1: I don't know why, but it's as good as it

496
00:28:19,080 --> 00:28:22,480
Speaker 1: gets right. So um, But there's other schools that are like,

497
00:28:23,040 --> 00:28:25,359
Speaker 1: like trying to go to Harvard for engineering rather than

498
00:28:25,480 --> 00:28:27,359
Speaker 1: m I T. Like you'd be a dumb to do that.

499
00:28:27,720 --> 00:28:29,959
Speaker 1: So in that sense, m I T blows Harvard out

500
00:28:29,960 --> 00:28:32,320
Speaker 1: of the water. The thing is, it doesn't matter. It's

501
00:28:32,760 --> 00:28:36,240
Speaker 1: m I T is not Ivy League school. Harvard is

502
00:28:36,520 --> 00:28:39,240
Speaker 1: so Harvard has an extra veneer of prestige that the

503
00:28:39,440 --> 00:28:42,680
Speaker 1: average dumb dumb will just be blown away by right.

504
00:28:43,160 --> 00:28:46,600
Speaker 1: Georgia has a good journalism school, sure, great veterinary program,

505
00:28:47,440 --> 00:28:50,959
Speaker 1: large animal vet Uh. Yeah. And then for guys like us,

506
00:28:51,480 --> 00:28:53,120
Speaker 1: it's also a place where you could go and get

507
00:28:53,200 --> 00:28:56,400
Speaker 1: a decent state school education and have a lot of fun. Yeah.

508
00:28:57,360 --> 00:29:01,600
Speaker 1: Cheapest forty ounces in the state. Oh man, Georgie used

509
00:29:01,600 --> 00:29:03,720
Speaker 1: to be really cheap. I think tuition has gone up.

510
00:29:03,800 --> 00:29:06,160
Speaker 1: But back when we were there, like it was like

511
00:29:06,200 --> 00:29:10,800
Speaker 1: six dollars a quarter or something. It was ridiculous. Wow,

512
00:29:10,880 --> 00:29:14,200
Speaker 1: that is that's cheap. I'll bet it's going up. And

513
00:29:14,360 --> 00:29:16,200
Speaker 1: George has got a lot harder to get into as

514
00:29:16,240 --> 00:29:19,720
Speaker 1: well since we were there, Like I don't think the other. Yeah,

515
00:29:20,080 --> 00:29:25,480
Speaker 1: well I'm gonna start it, George. Uh. These schools too, Like,

516
00:29:25,600 --> 00:29:26,720
Speaker 1: not only do you have to have a lot of

517
00:29:26,720 --> 00:29:31,160
Speaker 1: money to go there, they are incredibly rich and wealthy schools. Um.

518
00:29:31,560 --> 00:29:35,200
Speaker 1: They have endowments totaling for all of them combined a

519
00:29:35,320 --> 00:29:39,160
Speaker 1: hundred and forty billion dollars, with Harvard's endowment alone being

520
00:29:39,280 --> 00:29:42,640
Speaker 1: forty billion. I think the lowest is Brown's Piddley little

521
00:29:42,680 --> 00:29:46,200
Speaker 1: four point two billion and ed conjectures here, But I

522
00:29:46,320 --> 00:29:49,240
Speaker 1: think he's probably kind of right that. You know, when

523
00:29:49,280 --> 00:29:51,880
Speaker 1: you have an endowment, it's not um, it's not just

524
00:29:52,000 --> 00:29:55,240
Speaker 1: a big loaded bank account, but it's it's an investment portfolio.

525
00:29:55,360 --> 00:29:58,360
Speaker 1: Could to make more money on that money. And if

526
00:29:58,440 --> 00:30:00,800
Speaker 1: you leave a ton of money is a Harvard alum

527
00:30:01,200 --> 00:30:04,040
Speaker 1: to their endowment fund and then you end up running

528
00:30:04,080 --> 00:30:06,640
Speaker 1: a business, they might invest in your business or something

529
00:30:06,760 --> 00:30:08,800
Speaker 1: like that. It's possible. I haven't seen anything, but I

530
00:30:08,840 --> 00:30:12,000
Speaker 1: mean it makes sense. Then there's like such a you know,

531
00:30:12,720 --> 00:30:15,720
Speaker 1: one hand washing the other kind of thing. Ivy like

532
00:30:15,880 --> 00:30:18,720
Speaker 1: schools in particular, because they are these conveyor belts for

533
00:30:18,720 --> 00:30:23,320
Speaker 1: a dynas one hand washing the other. Yeah, okay, you

534
00:30:23,400 --> 00:30:25,880
Speaker 1: haven't heard that. I don't think so how else are

535
00:30:25,880 --> 00:30:30,640
Speaker 1: you gonna write your own ticket rights? I've heard of one.

536
00:30:30,920 --> 00:30:33,080
Speaker 1: You know, you scratch my back out, scratch yours. One

537
00:30:33,120 --> 00:30:35,160
Speaker 1: hand washes the other, same thing. But how do you

538
00:30:35,240 --> 00:30:38,120
Speaker 1: wash your hand without just with just one hand? That's

539
00:30:38,160 --> 00:30:41,640
Speaker 1: what I'm saying. Okay, I got you, don't. You don't

540
00:30:41,840 --> 00:30:47,360
Speaker 1: in there right here? Kid it man, that thing's so creepy.

541
00:30:48,000 --> 00:30:49,800
Speaker 1: I'm just waiting for blood to start trickling out a

542
00:30:49,840 --> 00:30:52,000
Speaker 1: one of them. That means we're doing a bad job.

543
00:30:53,160 --> 00:30:55,880
Speaker 1: Should we take another break? Yeah, let's take another break.

544
00:30:55,920 --> 00:30:57,800
Speaker 1: We'll come back and talk more about endowments, because it

545
00:30:57,920 --> 00:31:02,719
Speaker 1: is a thing, all right, So much stuff from Josh

546
00:31:02,920 --> 00:31:24,640
Speaker 1: and shock alright, Chuck, So we're talking about endowments. You

547
00:31:24,680 --> 00:31:28,040
Speaker 1: said Harvard's alone is forty billion. They're will endowed just

548
00:31:28,360 --> 00:31:34,360
Speaker 1: right exactly, um hanged, just just from that alone, just

549
00:31:34,520 --> 00:31:37,760
Speaker 1: the fact that they have in their investment portfolio forty

550
00:31:38,000 --> 00:31:42,880
Speaker 1: billion dollars they reaped I think two hundred nineties six

551
00:31:43,000 --> 00:31:47,080
Speaker 1: billion dollars million. Sorry, they made two hundred ninety six

552
00:31:47,200 --> 00:31:52,520
Speaker 1: million dollars in growth off of their forty billion portfolio. UM.

553
00:31:52,960 --> 00:31:56,600
Speaker 1: I think in two thousand seventeen, that's great. It's good return.

554
00:31:56,880 --> 00:32:00,360
Speaker 1: It is a great return, UM. And it was tech free.

555
00:32:00,640 --> 00:32:02,440
Speaker 1: Had it happened in two thousand and sixteen, it would

556
00:32:02,440 --> 00:32:05,200
Speaker 1: have been tax free those universities and times even though

557
00:32:05,240 --> 00:32:10,000
Speaker 1: their private universities, their nonprofit universities, and their endowments were

558
00:32:10,480 --> 00:32:15,120
Speaker 1: non taxed until ironically, the two thousand seventeen tax package

559
00:32:15,320 --> 00:32:18,520
Speaker 1: was passed and there was one point five tax one

560
00:32:18,560 --> 00:32:23,880
Speaker 1: percent tax on university endowments. Yeah, so Harvard made a

561
00:32:23,920 --> 00:32:25,840
Speaker 1: big stink about how they had to cough up fifty

562
00:32:25,880 --> 00:32:29,680
Speaker 1: million dollars in taxes that year. But if you're using

563
00:32:29,960 --> 00:32:32,720
Speaker 1: all two nine million from that year for things like

564
00:32:33,160 --> 00:32:38,200
Speaker 1: you know, building a new library wing, maybe a food hall,

565
00:32:38,240 --> 00:32:42,479
Speaker 1: I don't know. Or if you're a teaching hospital, university hospital, um,

566
00:32:42,720 --> 00:32:47,040
Speaker 1: you might build a new hospital wing or something like that. Supposedly,

567
00:32:47,880 --> 00:32:50,200
Speaker 1: supposedly you're supposed to use a lot of this also

568
00:32:50,360 --> 00:32:54,280
Speaker 1: to basically pay for free rides for UM low income

569
00:32:54,560 --> 00:32:57,560
Speaker 1: students who who otherwise wouldn't be able to make it.

570
00:32:58,040 --> 00:33:00,560
Speaker 1: That's what endowments are meant to be for. But just

571
00:33:00,760 --> 00:33:04,320
Speaker 1: the fact that the these these UM universities has that

572
00:33:04,440 --> 00:33:09,080
Speaker 1: huge adownmants make some targets for for ire and it

573
00:33:09,200 --> 00:33:12,600
Speaker 1: just kind of underscores just how unlike the rest of

574
00:33:12,720 --> 00:33:18,720
Speaker 1: us they are. You know, a hundred hundred forty billion total. Yeah,

575
00:33:18,840 --> 00:33:21,760
Speaker 1: between the eight schools. That that definitely separates them in

576
00:33:21,840 --> 00:33:25,320
Speaker 1: that respect. But the the from that adownmant though, they're

577
00:33:25,480 --> 00:33:28,920
Speaker 1: they're investing in their students education. That's what they're supposed

578
00:33:28,960 --> 00:33:30,960
Speaker 1: to be doing with the overall and there is a

579
00:33:31,000 --> 00:33:33,840
Speaker 1: big difference. If you go to an IVY League school, UM,

580
00:33:34,400 --> 00:33:38,480
Speaker 1: you are probably going to have about nine dollars invested

581
00:33:38,520 --> 00:33:42,720
Speaker 1: in you personally, uh each year over the course of

582
00:33:42,800 --> 00:33:44,600
Speaker 1: your career. If you go to an IVY League school,

583
00:33:44,640 --> 00:33:47,680
Speaker 1: every resource you need, I imagine, yea, the professors are

584
00:33:47,760 --> 00:33:49,480
Speaker 1: well paid, so you're gonna be the best of the best.

585
00:33:49,600 --> 00:33:54,600
Speaker 1: The facilities are in great shape. Exactly, we're out of

586
00:33:54,680 --> 00:33:58,440
Speaker 1: gas again, UM and a second tier school, and I

587
00:33:58,640 --> 00:34:01,360
Speaker 1: use I just made air was choking tests, and so

588
00:34:01,520 --> 00:34:05,680
Speaker 1: can the year. UM. The second tier schools, which is

589
00:34:05,720 --> 00:34:09,120
Speaker 1: basically anything that's not like the top twenties maybe twenty

590
00:34:09,200 --> 00:34:13,640
Speaker 1: five universities, but still really good schools. Phil spend an

591
00:34:13,640 --> 00:34:17,080
Speaker 1: average of about twelve thousand dollars per student compared to

592
00:34:17,120 --> 00:34:21,799
Speaker 1: what right now, So they are putting money into their

593
00:34:21,840 --> 00:34:25,840
Speaker 1: students education, short of the endowment, but still forty billions

594
00:34:25,840 --> 00:34:27,839
Speaker 1: a lot of money. It's a lot of money. As

595
00:34:27,880 --> 00:34:29,960
Speaker 1: far as getting into an IVY League school, it is

596
00:34:30,080 --> 00:34:34,560
Speaker 1: tough obviously. Uh. Their acceptance rates are anywhere from about

597
00:34:34,680 --> 00:34:37,160
Speaker 1: three and a half percent to fifteen percent, depending on

598
00:34:37,280 --> 00:34:40,080
Speaker 1: the year in the school. I think Harvard has the

599
00:34:40,160 --> 00:34:45,720
Speaker 1: lowest rate. UH, Stanford Northwestern and Georgetown or non ivys

600
00:34:45,760 --> 00:34:48,920
Speaker 1: with about the same acceptance rate. So it's not specific

601
00:34:49,000 --> 00:34:51,799
Speaker 1: to IVY schools. UM. But there have been a couple

602
00:34:51,880 --> 00:34:55,640
Speaker 1: of scandals in recent years, notably a couple of years

603
00:34:55,680 --> 00:35:01,719
Speaker 1: ago with Lori Laughlin and who was the other actor, Um,

604
00:35:01,920 --> 00:35:11,440
Speaker 1: the lady from married Yes, Suzanne Summers, Yes, sers, I

605
00:35:11,480 --> 00:35:18,560
Speaker 1: can't remember her name. She was on Desperate Housewives, Felicity. Uh,

606
00:35:18,760 --> 00:35:21,399
Speaker 1: boy Macy skated on that too, didn't he. Oh yeah,

607
00:35:21,440 --> 00:35:24,480
Speaker 1: he was like good lucky. Yeah, prison, But that was

608
00:35:24,600 --> 00:35:29,480
Speaker 1: the big revelation that parents who had rich parents, who

609
00:35:29,520 --> 00:35:33,520
Speaker 1: had kids that were kind of not qualified to get

610
00:35:33,520 --> 00:35:38,279
Speaker 1: into these schools. Let's say, we're very diplomatic. We're trying

611
00:35:38,320 --> 00:35:42,560
Speaker 1: to make we're trying to get them into school by

612
00:35:43,280 --> 00:35:46,960
Speaker 1: uh getting them in through the sports program. So we

613
00:35:47,040 --> 00:35:49,360
Speaker 1: said that they can't offer scholarships, and that's true, But

614
00:35:49,480 --> 00:35:52,360
Speaker 1: what they can do is a coach can go to

615
00:35:52,440 --> 00:35:55,880
Speaker 1: the administration and say, hey, like, you know, I know,

616
00:35:56,000 --> 00:35:58,359
Speaker 1: you saved us a few slots for admission at least,

617
00:35:59,080 --> 00:36:02,120
Speaker 1: and they won't get a scholarship, but can you can

618
00:36:02,160 --> 00:36:04,719
Speaker 1: you get Lorie Laughlin's daughter in here on a field

619
00:36:04,760 --> 00:36:08,080
Speaker 1: hockey scholarship? And they're like, but she doesn't play field hockey,

620
00:36:08,200 --> 00:36:10,480
Speaker 1: but she never has, Like, well, I know, but they

621
00:36:10,520 --> 00:36:13,279
Speaker 1: made quite a donation to the new science wing or

622
00:36:13,360 --> 00:36:16,080
Speaker 1: the field hockey wing. The coach that x me on

623
00:36:16,200 --> 00:36:19,920
Speaker 1: the hockey. Hey, but this was bribery, and they you

624
00:36:20,000 --> 00:36:22,960
Speaker 1: know she's is she in jail now or is she

625
00:36:23,520 --> 00:36:26,759
Speaker 1: just out? I believe she's out. Her husband, you know

626
00:36:26,960 --> 00:36:29,279
Speaker 1: she's out. Her husband may be out again now. I

627
00:36:29,360 --> 00:36:31,640
Speaker 1: think they reduced a sentence to they threw the book

628
00:36:31,680 --> 00:36:34,000
Speaker 1: at him for six months, and I think they had

629
00:36:34,040 --> 00:36:35,799
Speaker 1: him served like a month or something, right, because they

630
00:36:35,880 --> 00:36:38,279
Speaker 1: kind of fought things. I remember Felicity Huffman really just

631
00:36:39,200 --> 00:36:42,320
Speaker 1: eight Crow apologized to herself at the mercy of the

632
00:36:42,440 --> 00:36:45,719
Speaker 1: court of public opinion and the real court, which was

633
00:36:46,239 --> 00:36:49,800
Speaker 1: definitely the right move. I think she was very ashamed

634
00:36:50,640 --> 00:36:53,120
Speaker 1: and came out and said, so, where's Lori Laughlin's kind

635
00:36:53,120 --> 00:36:55,880
Speaker 1: of like, I'm gonna fight this. It's like, that's not

636
00:36:56,080 --> 00:36:58,760
Speaker 1: the right move. That was a great Lori Lawlin impression,

637
00:36:58,760 --> 00:37:00,839
Speaker 1: by the way, but that was a very big deal.

638
00:37:00,920 --> 00:37:03,560
Speaker 1: Like that kind of rocked the entertainment slash academic world

639
00:37:03,600 --> 00:37:04,799
Speaker 1: for a little while. Yeah, and I think a lot

640
00:37:04,840 --> 00:37:07,560
Speaker 1: of people didn't realize that IVY leagues have these coaches

641
00:37:07,640 --> 00:37:10,000
Speaker 1: slots where the coach can say, let this kid in.

642
00:37:10,200 --> 00:37:12,520
Speaker 1: I want them on my fencing team. Best fencer I've

643
00:37:12,520 --> 00:37:14,880
Speaker 1: ever seen. You ought to see this guy with a foil, right,

644
00:37:15,440 --> 00:37:17,520
Speaker 1: But yeah, the idea that not only were these kids

645
00:37:17,560 --> 00:37:19,600
Speaker 1: not qualified to go to an IVY league school, but

646
00:37:19,600 --> 00:37:21,640
Speaker 1: they also weren't even any good at sports. They were

647
00:37:21,680 --> 00:37:24,000
Speaker 1: just using this backdoor thing that's not good at all.

648
00:37:24,560 --> 00:37:27,879
Speaker 1: What about that other the anti Asian bias scandal. Yeah,

649
00:37:27,960 --> 00:37:31,160
Speaker 1: so the UM. You know, you talked about Harvard's acceptance

650
00:37:31,239 --> 00:37:33,960
Speaker 1: rate being three point four percent. That was for that's

651
00:37:34,000 --> 00:37:38,120
Speaker 1: low even for Harvard. It's not necessarily Harvard's fault that

652
00:37:38,200 --> 00:37:41,000
Speaker 1: their acceptance rate is so low. They usually have about

653
00:37:41,040 --> 00:37:45,080
Speaker 1: the same number in each class every year and have

654
00:37:45,239 --> 00:37:48,239
Speaker 1: for decades. It's just that more and more people are

655
00:37:48,280 --> 00:37:52,759
Speaker 1: applying to it. Apparently, there's there's academic coaches that UM

656
00:37:53,480 --> 00:37:56,480
Speaker 1: basically just just help you fill out forms and tell

657
00:37:56,520 --> 00:38:00,239
Speaker 1: you how to apply to different colleges, and they their

658
00:38:00,400 --> 00:38:03,640
Speaker 1: their rise has been commensary with the flood of applications

659
00:38:03,760 --> 00:38:07,600
Speaker 1: in the IVY leagues. So more and more people are applying,

660
00:38:08,120 --> 00:38:12,239
Speaker 1: but the which means the acception rate is getting lower

661
00:38:12,280 --> 00:38:14,719
Speaker 1: and lower, even though the class size has been the same.

662
00:38:15,000 --> 00:38:17,880
Speaker 1: The point of that is that these classes are curated

663
00:38:18,040 --> 00:38:23,040
Speaker 1: almost idea leagues. And if you just went on academics

664
00:38:23,600 --> 00:38:26,400
Speaker 1: just a plus four point oh somehow their g p

665
00:38:26,520 --> 00:38:29,640
Speaker 1: A was even above four point or four period. Oh

666
00:38:29,680 --> 00:38:34,440
Speaker 1: I'm sorry, um, they you would have way more Asian

667
00:38:34,560 --> 00:38:38,840
Speaker 1: children in the IVY IVY League schools, but you don't.

668
00:38:40,000 --> 00:38:42,960
Speaker 1: So this this group sued Harvard and said you know,

669
00:38:43,120 --> 00:38:46,160
Speaker 1: you have an anti Asian bias. And Harvard was like,

670
00:38:46,280 --> 00:38:48,960
Speaker 1: it's not an anti astion biased. We more just sculpt

671
00:38:49,160 --> 00:38:52,239
Speaker 1: each class. Not only did they look at a well

672
00:38:52,400 --> 00:38:55,400
Speaker 1: rounded student with a bunch of different different like interest

673
00:38:55,480 --> 00:38:59,440
Speaker 1: in pursuits and community service in addition to their grades.

674
00:39:00,080 --> 00:39:02,680
Speaker 1: They try to look at a class like that to

675
00:39:02,840 --> 00:39:06,920
Speaker 1: the as symbol what does this class look like? And

676
00:39:07,239 --> 00:39:10,239
Speaker 1: you know, for what it's worth, they were I think

677
00:39:10,280 --> 00:39:12,640
Speaker 1: they were sued by an anti affirmative action group and

678
00:39:12,719 --> 00:39:15,719
Speaker 1: they said, um, they won, and then they won the

679
00:39:15,800 --> 00:39:18,920
Speaker 1: appeal Harvard yeah, and yeah, Harvard won. Then they won

680
00:39:18,960 --> 00:39:20,760
Speaker 1: the appeal and I think it's still in the courts

681
00:39:21,239 --> 00:39:25,400
Speaker 1: for I guess another repeal. But um, yeah, I mean

682
00:39:25,640 --> 00:39:27,960
Speaker 1: I think they're it seems like they're trying to do

683
00:39:28,080 --> 00:39:31,080
Speaker 1: that in the name of diversity, which is ironic because

684
00:39:31,400 --> 00:39:36,440
Speaker 1: you know, if you're a minority, if you're Asian, your minority. So, um,

685
00:39:37,239 --> 00:39:40,279
Speaker 1: I could see crying foul against that. But there, you know,

686
00:39:40,320 --> 00:39:42,640
Speaker 1: there are lots of minorities, and I guess they're trying

687
00:39:42,680 --> 00:39:45,000
Speaker 1: to create a diverse class at least that's what they're saying. Yeah,

688
00:39:45,000 --> 00:39:48,000
Speaker 1: and they and one of the places where diversity really

689
00:39:48,080 --> 00:39:52,200
Speaker 1: needs to be boosted. Though, is UM on socioeconomic status?

690
00:39:53,040 --> 00:39:58,440
Speaker 1: Apparently there's UM. There's a group called UM Opportunity Insights

691
00:39:58,520 --> 00:40:01,520
Speaker 1: dot org and it's some IVY leaguers who got together

692
00:40:01,600 --> 00:40:06,000
Speaker 1: to kind of study how IVY leaguers serve American society

693
00:40:06,600 --> 00:40:09,800
Speaker 1: and UM. They released these detailed reports every once in

694
00:40:09,840 --> 00:40:13,200
Speaker 1: a while, and the most recent one says that UM,

695
00:40:13,920 --> 00:40:17,920
Speaker 1: the middle middle income kids are being left out, that

696
00:40:18,200 --> 00:40:21,040
Speaker 1: the like the IVY leagues are going for like the

697
00:40:21,200 --> 00:40:25,680
Speaker 1: real like rags to riches success story to boost like

698
00:40:25,800 --> 00:40:29,240
Speaker 1: their image, and as a result, they're also they're leaving

699
00:40:29,320 --> 00:40:31,680
Speaker 1: out some of the middle where if you just took

700
00:40:31,800 --> 00:40:35,560
Speaker 1: kids who were who had scored at least a fourteen

701
00:40:35,640 --> 00:40:39,400
Speaker 1: hundred on the s A t um as as qualification

702
00:40:39,480 --> 00:40:43,600
Speaker 1: and left income out of it middle income kids, would

703
00:40:44,960 --> 00:40:47,319
Speaker 1: I think the representation would go up by like ten

704
00:40:47,360 --> 00:40:50,400
Speaker 1: percent or something crazy like that. UM. But that's not

705
00:40:50,520 --> 00:40:53,279
Speaker 1: the case. You have very very high income kids, like

706
00:40:53,440 --> 00:40:56,279
Speaker 1: for example, if you're student, or if you're student with

707
00:40:56,440 --> 00:41:02,480
Speaker 1: parents in the top one per cent of Amrican economic brackets, UM,

708
00:41:03,280 --> 00:41:06,920
Speaker 1: you're seventy seven times more likely to attend an IVY

709
00:41:07,000 --> 00:41:09,800
Speaker 1: league than a student with a parent and the lowest

710
00:41:09,880 --> 00:41:14,279
Speaker 1: twenty which is crazy because there's only one point two

711
00:41:14,400 --> 00:41:17,240
Speaker 1: million households in the one in the top one percent,

712
00:41:17,600 --> 00:41:20,800
Speaker 1: but there's twenty one million households in the bottom twenty percent.

713
00:41:21,080 --> 00:41:23,040
Speaker 1: But those kids in the top one percent are still

714
00:41:23,160 --> 00:41:26,760
Speaker 1: seventy seven times likelier to go to an Ivy League school.

715
00:41:27,160 --> 00:41:29,560
Speaker 1: That right there is do you just drop the mic?

716
00:41:29,680 --> 00:41:32,719
Speaker 1: Right there? There's you? You just there's no argument like

717
00:41:32,800 --> 00:41:37,600
Speaker 1: they serve the the highest chalons of American society and

718
00:41:37,680 --> 00:41:40,640
Speaker 1: help the next generation stay in the highest echelons of

719
00:41:40,680 --> 00:41:43,239
Speaker 1: American society. If you drop this mic, you're gonna injure that.

720
00:41:43,320 --> 00:41:48,319
Speaker 1: Here another stat here. In seventeen, more than twenty percent

721
00:41:48,360 --> 00:41:51,000
Speaker 1: of Dartmouth students were from the top one percent of

722
00:41:51,080 --> 00:41:55,520
Speaker 1: earning families, and fourteen point four percent came from the

723
00:41:55,560 --> 00:42:00,279
Speaker 1: bottom six of families by income. And at don't have

724
00:42:00,320 --> 00:42:02,239
Speaker 1: the stat but I guarantee you that most of those

725
00:42:02,320 --> 00:42:06,880
Speaker 1: fell between like the fiftieth and sixty percentile. I'd be

726
00:42:06,960 --> 00:42:09,320
Speaker 1: curious to see what like the bottom ten percent looks like,

727
00:42:09,520 --> 00:42:13,880
Speaker 1: but it's it's probably super super low. So um. I

728
00:42:13,920 --> 00:42:16,719
Speaker 1: saw another study from the Opportunity Insights where they were

729
00:42:16,800 --> 00:42:20,080
Speaker 1: saying like, Okay, the key here what you're looking for

730
00:42:20,400 --> 00:42:23,680
Speaker 1: to raise people up out of the lower socioeconomic levels

731
00:42:23,760 --> 00:42:27,040
Speaker 1: to the higher ones through a college education are two.

732
00:42:27,400 --> 00:42:30,680
Speaker 1: There's two factors. One is access. They've got to be

733
00:42:30,760 --> 00:42:33,880
Speaker 1: able to have access to that education. So how how

734
00:42:33,960 --> 00:42:38,120
Speaker 1: many lower income students is this this U university accepting?

735
00:42:38,400 --> 00:42:41,120
Speaker 1: And then mobility, which is how many go from the

736
00:42:41,200 --> 00:42:45,920
Speaker 1: bottom quintile to the highest quintiles in their career in life? Yeah,

737
00:42:46,000 --> 00:42:48,560
Speaker 1: like say ten years on? Yeah, right or yeah, over

738
00:42:48,640 --> 00:42:51,719
Speaker 1: their lifetime there, Well, they found that I vs are

739
00:42:51,760 --> 00:42:55,400
Speaker 1: not They're great at mobility. They can get people out

740
00:42:55,480 --> 00:42:58,120
Speaker 1: of the bottom twenty pent in the top no problem,

741
00:42:58,360 --> 00:43:01,480
Speaker 1: but so can second tier school and second tier schools

742
00:43:01,520 --> 00:43:03,680
Speaker 1: have much greater access. It's much easier to get in,

743
00:43:04,360 --> 00:43:06,920
Speaker 1: and they're also a lot cheaper over there. I think

744
00:43:06,960 --> 00:43:09,440
Speaker 1: Harvard's like fifty grand a year now or something like. Yeah,

745
00:43:09,520 --> 00:43:12,280
Speaker 1: but although if you are in that bottom income bracket,

746
00:43:12,360 --> 00:43:16,680
Speaker 1: you're gonna be getting grants out the wazoo, right, but

747
00:43:17,160 --> 00:43:20,120
Speaker 1: it's hard to get in. Access is shut down. The

748
00:43:20,200 --> 00:43:22,359
Speaker 1: mobility is pretty good, but it's also just as good

749
00:43:22,360 --> 00:43:24,400
Speaker 1: as a second tier. Now, if you take away that

750
00:43:24,760 --> 00:43:28,360
Speaker 1: moving people from the bottom twenty to the top. And

751
00:43:28,480 --> 00:43:30,760
Speaker 1: you look at moving people from the bottom twenty percent

752
00:43:30,840 --> 00:43:33,680
Speaker 1: to the top one percent, then Ivy leagues just below

753
00:43:33,719 --> 00:43:36,280
Speaker 1: everybody else out of the water. There's a good chance

754
00:43:36,440 --> 00:43:39,120
Speaker 1: that if you are from the lowest twenty percent of

755
00:43:39,320 --> 00:43:44,840
Speaker 1: earners and do we're talking dollars a year less, there's

756
00:43:45,440 --> 00:43:50,120
Speaker 1: twenty twenty two million households in the US that make that. Um,

757
00:43:51,040 --> 00:43:54,000
Speaker 1: if you come from that quintile and you get into

758
00:43:54,040 --> 00:43:56,440
Speaker 1: an IVY League school, there's a pretty decent chance you're

759
00:43:56,440 --> 00:43:58,160
Speaker 1: going to be in the top one percent of earners

760
00:43:58,280 --> 00:44:02,040
Speaker 1: ten years after you graduate. Yeah, what is this stat

761
00:44:02,120 --> 00:44:05,800
Speaker 1: doesn't make sense here at the end, then Princeton students

762
00:44:05,840 --> 00:44:08,959
Speaker 1: were pell grant eligible, but only one point three percent

763
00:44:09,040 --> 00:44:11,839
Speaker 1: of their students entered poor and became rich later in life. Yeah,

764
00:44:11,840 --> 00:44:14,960
Speaker 1: i'd be right. I don't. Yeah, I think different studies

765
00:44:15,040 --> 00:44:17,160
Speaker 1: turn up different stuff. So that is just from a

766
00:44:17,239 --> 00:44:19,400
Speaker 1: different study. And it also it has to do with

767
00:44:19,560 --> 00:44:22,040
Speaker 1: the measurement. I mean, like maybe this is over lifetime

768
00:44:22,080 --> 00:44:26,759
Speaker 1: earnings or something like that. Right, That's just that was startling. Um,

769
00:44:27,360 --> 00:44:28,960
Speaker 1: there is a good quote here. I think we should

770
00:44:28,960 --> 00:44:32,080
Speaker 1: read that. Uh, and it's it's sort of on the

771
00:44:32,200 --> 00:44:36,040
Speaker 1: idea that just because you got into Harvard Um, your

772
00:44:36,160 --> 00:44:39,600
Speaker 1: problems are solved as far as your connections and socially,

773
00:44:40,400 --> 00:44:42,600
Speaker 1: and I think it has the reputation once you're if

774
00:44:42,640 --> 00:44:45,200
Speaker 1: you're a student there, and if you are from one

775
00:44:45,239 --> 00:44:49,280
Speaker 1: of those lower income families that sort of like Robbie

776
00:44:49,320 --> 00:44:52,080
Speaker 1: coming from Georgia to their law school, they're like, well,

777
00:44:52,160 --> 00:44:54,520
Speaker 1: you're still not really one of us. You got in

778
00:44:54,640 --> 00:44:56,880
Speaker 1: and you're getting these grants. I know you're smart and everything,

779
00:44:57,560 --> 00:45:00,680
Speaker 1: but you're you're not a blue blow like we are.

780
00:45:01,320 --> 00:45:03,840
Speaker 1: And we're gonna have a bunch of clubs that are expensive,

781
00:45:04,200 --> 00:45:07,520
Speaker 1: have really expensive dues and secret societies, and we can

782
00:45:07,600 --> 00:45:11,320
Speaker 1: still segregate within this school pretty successfully, and you're not

783
00:45:11,360 --> 00:45:13,759
Speaker 1: gonna have the connections we're gonna have even though you

784
00:45:13,800 --> 00:45:16,759
Speaker 1: went here with us. Uh In this one student from

785
00:45:17,160 --> 00:45:21,400
Speaker 1: UH I think he was Haitian said in the Washington

786
00:45:21,440 --> 00:45:24,279
Speaker 1: Post article, they're constant reminders they have to forge a

787
00:45:24,320 --> 00:45:27,000
Speaker 1: place for myself within the world that has been constructed

788
00:45:27,040 --> 00:45:30,120
Speaker 1: for someone else. So, you know, it's great that they

789
00:45:30,160 --> 00:45:32,080
Speaker 1: are getting some of these kids in the school and

790
00:45:32,120 --> 00:45:37,200
Speaker 1: trying to diversify, but that's only step one into truly integrating.

791
00:45:37,239 --> 00:45:41,080
Speaker 1: You know. Yeah, that's exactly what happened to Elwood's. Yeah,

792
00:45:42,560 --> 00:45:44,480
Speaker 1: I get the reference. Now you got anything else? Have

793
00:45:44,600 --> 00:45:47,520
Speaker 1: you not ever seen Illegally Blonde? I don't think so.

794
00:45:47,880 --> 00:45:50,680
Speaker 1: It's all the way through Emily has for sure, and

795
00:45:50,800 --> 00:45:53,680
Speaker 1: Legally Blond two is one of the better sequels ever

796
00:45:54,239 --> 00:45:58,200
Speaker 1: Blonde Ambition, I think so. Yeah, she goes through the

797
00:45:58,280 --> 00:46:00,239
Speaker 1: same exact thing, but this time in d C. I'm

798
00:46:00,280 --> 00:46:02,680
Speaker 1: not sure how I knew that. Um, well, you just

799
00:46:02,760 --> 00:46:05,040
Speaker 1: pull it out of thin air. That's right, you got

800
00:46:05,040 --> 00:46:08,200
Speaker 1: anything else? Got nothing else? Okay, everybody, let's ivy leagues.

801
00:46:08,239 --> 00:46:10,200
Speaker 1: And that is also the end of our three D

802
00:46:10,440 --> 00:46:15,200
Speaker 1: recording um career, at least after this listener mail, because

803
00:46:15,239 --> 00:46:17,520
Speaker 1: I said, three D recording career. Hope you enjoyed it.

804
00:46:17,520 --> 00:46:20,080
Speaker 1: I'm over here now, I'm over here. Now I'm done here.

805
00:46:22,920 --> 00:46:25,800
Speaker 1: Do you think that does anything? Probably? Yeah, it just

806
00:46:25,920 --> 00:46:29,680
Speaker 1: made Jerry took all uh and then you gotta finish

807
00:46:29,680 --> 00:46:32,400
Speaker 1: your part. Now, did you already forget listener mail? Yeah? No,

808
00:46:32,520 --> 00:46:34,520
Speaker 1: I said, that's that's a listener man. How you did,

809
00:46:35,000 --> 00:46:36,879
Speaker 1: I said, And that means it's time for listener mail?

810
00:46:36,920 --> 00:46:40,560
Speaker 1: Because I said, you did say that. Yeah, I miss Mike.

811
00:46:40,600 --> 00:46:43,040
Speaker 1: You all right, Well here I'll do it again. You're ready,

812
00:46:43,680 --> 00:46:47,400
Speaker 1: we should leave this part in. Okay, don't even forget already.

813
00:46:47,840 --> 00:46:50,640
Speaker 1: I Well, then I get I guess I did. Uh. Well,

814
00:46:50,680 --> 00:46:52,719
Speaker 1: since Chuck said I guess I did, that means it's

815
00:46:52,719 --> 00:46:57,040
Speaker 1: time for a listener mail. Hey, great set up. I'm

816
00:46:57,080 --> 00:46:59,919
Speaker 1: gonna call this feminism from Emily in Chicago. Hey, guys,

817
00:47:00,040 --> 00:47:02,439
Speaker 1: the area episode you mentioned doing at least a short

818
00:47:02,480 --> 00:47:05,279
Speaker 1: stuff on Betty for Dan. I for one, think it's

819
00:47:05,280 --> 00:47:07,040
Speaker 1: a great idea because she's done a lot of important work.

820
00:47:07,320 --> 00:47:08,920
Speaker 1: It doesn't really get talked about. But I wanted to

821
00:47:08,960 --> 00:47:11,400
Speaker 1: bring you, guys, bring up to you guys. If you

822
00:47:11,480 --> 00:47:14,000
Speaker 1: decide to pursue an episode on her, you should know

823
00:47:14,080 --> 00:47:16,000
Speaker 1: that she led a movement that was exclusive to white,

824
00:47:16,040 --> 00:47:19,960
Speaker 1: middle class heterosexual women. The sixties and seventies was a

825
00:47:20,040 --> 00:47:22,839
Speaker 1: time period it was really rich in movements for women

826
00:47:22,920 --> 00:47:26,560
Speaker 1: of UH, for women people of color in the LGBTQ community.

827
00:47:26,640 --> 00:47:30,320
Speaker 1: Yet all these movements, namely Second Way feminism UH in

828
00:47:30,400 --> 00:47:32,520
Speaker 1: the American Indian movement, was guilty of this too. They

829
00:47:32,560 --> 00:47:35,880
Speaker 1: excluded poor women, women of color, and women who identified

830
00:47:35,880 --> 00:47:39,200
Speaker 1: as lgbt Q women in these groups were advocating for

831
00:47:39,239 --> 00:47:41,440
Speaker 1: the same rights as the leaders of these movements, but

832
00:47:41,560 --> 00:47:44,440
Speaker 1: oftentimes her voices were just straight up ignored. Betty for

833
00:47:44,560 --> 00:47:47,799
Speaker 1: Dan was notorious for budding heads with and kicking out

834
00:47:48,320 --> 00:47:50,560
Speaker 1: these types of women, like Rita may Brown, who was

835
00:47:50,600 --> 00:47:53,400
Speaker 1: a great feminist writer. This wave of feminism in the

836
00:47:53,440 --> 00:47:56,520
Speaker 1: sixties and seventies was definitely important and did deliver great

837
00:47:56,560 --> 00:47:59,399
Speaker 1: strides for women, but not all women. I do wanna

838
00:47:59,560 --> 00:48:01,520
Speaker 1: don't want to rain on anyone's breed here in any way,

839
00:48:01,680 --> 00:48:03,719
Speaker 1: shape or form, but just shed a bit of light

840
00:48:03,800 --> 00:48:06,400
Speaker 1: on the many years, I'm sorry, many layers of these movements.

841
00:48:06,680 --> 00:48:08,960
Speaker 1: It's important to celebrate the victories for women in minority

842
00:48:09,000 --> 00:48:11,520
Speaker 1: groups during this period, but it's also important not to

843
00:48:11,560 --> 00:48:14,279
Speaker 1: gloss over the mini flaws that were present. You guys

844
00:48:14,320 --> 00:48:16,399
Speaker 1: are great. Your show is an absolute delight. I can't

845
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Speaker 1: wait to listen to future episodes. Please keep up the

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Speaker 1: good work, Take care of yourself, stay safe, stay healthy.

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Speaker 1: Emily from Chicago, Thanks Emily. It's a great point. Totally

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Speaker 1: great point. I've learned over the years and from being

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Speaker 1: a history major, that things, even the most celebrated things,

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00:48:32,400 --> 00:48:37,799
Speaker 1: are rarely just perfect. Yeah. Us. Well, I mean maybe

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Speaker 1: an exception of the rule. All right, great, Well, if

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00:48:40,760 --> 00:48:42,200
Speaker 1: you want to get in touch of this, like Emily

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Speaker 1: from Chicago did and say hey, I'm blank from blank

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00:48:45,360 --> 00:48:48,560
Speaker 1: let us know, you can email to us at stuff

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Speaker 1: podcast and iHeart radio dot com. Stuff you Should Know

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Speaker 1: is a production of I Heeart Radio. For more podcasts

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00:48:58,160 --> 00:49:00,359
Speaker 1: my heart Radio, visit the I Heart Radio o app,

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Speaker 1: Apple Podcasts, or wherever you listen to your favorite shows.

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Speaker 1: M HM.