At 12:45 19/06/2012, Ed wrote:
Worth reading, but brace yourselves, it's gloomy.
But how can it be otherwise? Most of the
population of America and the other advanced
countries have been dumbed down with four
generations or so of state education. Free
competition between suppliers, which produces
steady advancement in quality of most products or
services has not been allowed to operate for the
majority of the population. What is so very
special about education that governments should
impose such detailed curriculum control over the
majority, but allow the already privileged to
experiment with the latest ideas from the arts
and sciences and keep the most effective ones?
Keith
<http://www.nytimes.com/2012/06/19/us/many-american-workers-are-underemployed-and-underpaid.html?_r=1&hp>http://www.nytimes.com/2012/06/19/us/many-american-workers-are-underemployed-and-underpaid.html?_r=1&hp
Sample:
Now, with the economy shaping up as the central
issue of the presidential election, both
President Obama and Mitt Romney have been
relentlessly trying to make the case that their
policies would bring prosperity back. The unease
of voters is striking: in a
<http://www.nytimes.com/interactive/2012/04/19/us/politics/20120419_poll_docs.html?ref=politics>New
York Times/CBS News poll in April, half of the
respondents said they thought the next
generation of Americans would be worse off,
while only about a quarter said it would have a better future.
And household wealth is dropping. The Federal
Reserve
<http://www.nytimes.com/2012/06/12/business/economy/family-net-worth-drops-to-level-of-early-90s-fed-says.html?ref=binyaminappelbaum>reported
last week that the economic crisis left the
median American family in 2010 with no more
wealth than in the early 1990s, wiping away two
decades of gains. With stocks too risky for many
small investors and savings accounts paying
little interest, building up a nest egg is a
challenge even for those who can afford to sock away some of their money.
Expenses like putting a child through college
where tuition has been
<http://trends.collegeboard.org/college_pricing>rising
faster than inflation or wages can be a
daunting task. When Morgan Woodward, 21, began
her freshman year at the University of
California, Berkeley, three years ago, her
parents paid about $9,000 a year in tuition and
fees. Now
<http://students.berkeley.edu/finaid/news/detail25.htm>they
pay closer to $13,000, and they are bracing for
the possibility of another jump next year. With
their incomes flat, though, they recently
borrowed money to pay for her final year, and to
begin paying the tuition of their son, who plans to start college this fall.
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Keith Hudson, Saltford, England http://allisstatus.wordpress.com
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