Major Development at Journal of Ayn Rand Studies

The Journal of Ayn Rand Studies — the first and only peer-reviewed academic journal devoted exclusively to the study of Ayn Rand’s ideas — was just picked up by three of the most prestigious indices in the scholarly community.
This means that their articles will be regularly available to scholars worldwide who conduct searches for topics related to those within the Journal. It’s a major step towards achieving scholarly credibility in academic circles.
Congratulations to Chris Sciabarra and the other editors of the Journal on this huge achievement.

BB&T Grant to Teach Capitalism at WJU

Wheeling Jesuit University is a recent recipient of a grant from BB&T for the teaching of free-market economics. According to the University’s announcement, the grant will “enhance the universityâ??s business curriculum â?? especially the teaching of free-market capitalism.”
According to the director of the MBA program at WJU, Prof. Ed Younkins, the program will include a Conceptual Foundations of Business course focusing on Capitalism, in which Atlas Shrugged will be a required reading, and a course in the philosophies of economics that will include Objectivism, and will use Objectivism: The Philosophy of Ayn Rand by Leonard Peikoff as one of the texts. A resource center for Capitalism will also be established at the Universityâ??s library, and will include the works of Ayn Rand and other writers in the field.
BB&T provided grants for the teaching of Capitalism at several universities, as we noted before here and here.

Mark Cuban on a New Fountainhead Movie

Cinematical has published a new interview with Dallas Mavericks owner Mark Cuban, who is now getting into film production and taking steps to reform the way films are distributed.
From the interview:

Today, Oscar-winning director Steven Soderbergh will premiere his new film, a small-town murder mystery called Bubble, in theaters. And on television. And it will arrive on DVD in just a few days. By releasing Bubble on their own, without the blessing of the studio dons, entrepreneur Mark Cuban and his partner Todd Wagner have taken the first step towards rattling Hollywood’s creaky distribution and exhibition foundation.

And later in the interview:

Ryan: I read somewhere that you are fond of Ayn Rand’s The Fountainhead. The last film adaptation of that book was in 1949. Is it time for an updating? Who, off the top of your head, would you cast as Howard Roark and Dominique Francon?
MC: I don’t know who owns the rights, but I would love to see it re-done. I would have to think about who. No one says it has to be anyone we have heard of.

I, for one, would love to see a new movie version of The Fountainhead! The old one had a nice style about it, but it feels rather dated to those of us who enjoy modern production techniques.
See the full interview for more about Cuban’s activities and ambitions as a budding movie producer.

Stopping the Reiner "Preschool for All" Initiative

Many admirers of Ayn Rand’s writings are also admirers of the Montessori method of teaching. In that vein, some readers of this site may be interested in a new initiative that would deeply threaten the viability of Montessori schools in California.
It is called the “Reiner Initiative,” and you can learn more about it at stopreiner.org:

Hollywood actor/director Rob Reiner wants to change California’s constitution to create a new $2.4 billion government-run preschool program, funded by a massive tax hike.

In the subscribers-only article “Meathead Is at It Again,” the Wall Street Journal had this to say on the subject:

Celebrities with a social conscience are a growing breed in Hollywood. But it would be nice if they’d stick to whales and landmines and leave our children alone.
Unfortunately, California parents have no such luck.
Movie-director-turned-child-advocate Rob Reiner recently acquired a million signatures to put his Preschool for All initiative on the California ballot next June, his second attempt to launch a “universal” preschool program. The initiative would impose a 1.7% income tax on couples making over $800,000 a year ($400,000 for individuals) to offer three hours of free preschool for all the state’s 4-year-olds.
This soak-the-rich scheme would put $2.3 billion into the state’s coffers that Mr. Reiner might himself control if he unseats Arnold Schwarzenegger as the next governor of California. (The gubernatorial ambitions of Mr. Reiner — who once played Meathead alongside Archie Bunker in “All in the Family” — are an open secret in the Golden State).

The stopreiner.org web site is a good place to start learning more.
If you care about the Montessori method, please take time to bring this to the attention of your friends and colleagues.

Kelley: BB&T Stands Up For Rights

BB&T Stands Up For Rights
by David Kelley, Founder and Senior Fellow
The Objectivist Center & Atlas Society
BB&T, a major bank with branches through the Southeast, has taken a stand for private property and individual rights, in reaction to the Supreme Court’s Kelo decision on eminent domain last June. The corporation announced that “it will not lend to commercial developers that plan to build condominiums, shopping malls and other private projects on land taken from private citizens by government entities using eminent domain.”
Chairman and Chief Executive Officer John Allison explained the policy as a matter of principle:
“The idea that a citizen’s property can be taken by the government solely for private use is extremely misguided, in fact it’s just plain wrong. One of the most basic rights of every citizen is to keep what they own. As an institution dedicated to helping our clients achieve economic success and financial security, we won’t help any entity or company that would undermine that mission and threaten the hard- earned American dream of property ownership.”
W. Kendall Chalk, Senior Executive Vice President, told reporters that the issue arose when the bank recently rejected a loan request for a project relying on eminent domain, but that such cases are unusual; the new policy would have only an “insignificant” effect on BB&T’s loan business. “Still,” he said, “BB&T is sympathetic to concerns about eminent domain expressed by some clients.” The bank wants to show government officials its “opposition to the encroachment on private property rights.” (Reuters)
The financial press speculated about the bank’s motives. Was it a practical judgment that a small loss of business would be outweighed by taking a popular stand (and avoiding the legal risks of eminent domain)? Or was it a matter of principles and values?
Those familiar with Ayn Rand’s philosophy of Objectivism will recognize this as a false dichotomy- and so does BB&T. According to an online statement,
“Since we build on the facts of reality and our ability to reason, we are capable of achieving both success and happiness.
“Because we have developed our principles logically, based on reality, we will always act consistently with our principles. Regardless of the short-term benefits, acting inconsistently with our principles is to our long- term detriment. We do not, therefore, believe in compromising our principles in any situation. Principles provide carefully thought-out concepts which will lead to our long-term success and happiness. Violating our principles will always lead to failure. BB&T is an organization of the highest integrity.”
Allison has often spoken publicly about his admiration for Ayn Rand and the influence of Objectivism on the principles by which the business operates. The impact is clear in BB&T’s of statement of corporate philosophy, which is unusually thoughtful, integrated, and clearly explained.
We salute Allison and his colleagues. If the term “corporate social responsibility” can be given a legitimate, non-collectivism meaning, a principled public stand for individual rights is social responsibility of the highest order.

Hudgins to Speak in NYC on Ayn Rand's 101st Birthday

This announcement from The Objectivist Center/Atlas Society:

If you’re in New York City on Thursday, February 2, 2006, you’re invited to the Junto meeting on “Ayn Rand 101: An Instructive Birthday Celebration!” at 7:00pm, with speakers at 7:30m. The event will be held at:
The Roosevelt Hotel
45 East 45th Street Between Madison & Vanderbilt (Park) Avenues
It’s near the Grand Central Terminal. Subway: 4, 5, 6, 7 to Grand Central — 42nd St. or B, D, F, V to 42nd Street — Sixth Ave. or 1, 2, 3, 9, N, Q, R, S, W to Times Square — 42nd St.
Speakers include:
* Dr. Edward L. Hudgins, executive director of The Objectivist Center and its Atlas Society, on “Understanding the World through Ayn Randâ??s Eyes.”
(Hudgins shows that on her 101st birthday Rand still offers us perspectives that explain the confused and chaotic world around us — and points us toward a better one.)
* Erika Holzer on her book “Ayn Rand: My Fiction-Writing Teacher”
* Dr. Marty Lewinter on “Ayn Rand and Western Civilization.”
* Marsha Enright on the planned “Objectivist College.”
Junto focuses on libertarianism, Objectivism, and investing. Our founder and host is Victor Niederhoffer. Visit his site at: http://dailyspeculations.com
Visit NYCJunto.com to get current meeting information and to sign up to get the Junto email newsletter.

Update on Clements Protest of Kelo Ruling

In the new article “Group Seeks Souter Eviction as Protest,” the Associated Press provides an update on Logan Darrow Clements‘s efforts to apply the Supreme Court’s recent eminent domain ruling to Judge Souter’s own summer home in New Hampshire:

Angered by a Supreme Court ruling that gave local governments more power to seize people’s homes for economic development, a group of activists is trying to get one of the court’s justices evicted from his own home.
The group, led by a California man, wants Justice David Souter’s home seized to build an inn called the “Lost Liberty Hotel.”
They submitted enough petition signatures only 25 were needed to bring the matter before voters in March. This weekend, they’re descending on Souter’s hometown, the central New Hampshire town of Weare, population 8,500, to rally for support.
“This is in the tradition of the Boston Tea Party and the Pine Tree Riot,” Organizer Logan Darrow Clements said, referring to the riot that took place during the winter of 1771-1772, when colonists in Weare beat up officials appointed by King George III who fined them for logging white pines without approval.
“All we’re trying to do is put an end to eminent domain abuse,” Clements said, by having those who advocate or facilitate it “live under it, so they understand why it needs to end.”

See the full article for more.