Jim Manis on Most Anything

Jim Manis can formulate an opinion about a good many things, including those about which he has little knowledge. (And some dude named "Lazlo.") Visit The MagicFactory.

Friday, May 09, 2008

Weaker Students Go Deeper into Debt This Fall:

The New York Times carries a story about universities from the Ivy League down to the lowest level of higher education digging deeper into their waiting lists to admit students for the fall term. Some 150 to 175 students who otherwise would not be admitted to Harvard this year will have the opportunity to attend. Probably many of these students will come from the wealthiest families who can afford the $70,000 a year price tag for attending the country's most elite university, but there will be a ripple effect around the nation. Harvard is certainly not the only school choosing to admit students inadequately prepared to attend college.

One of the dirty secrets of higher education is that half of all students attending universities around the country are so poorly prepared that they must take remedial courses, courses intended to bring them up to the 8th or 9th grade reading, writing and math levels, in order to provide them with some modicum of a chance to succeed.

And then there is the money issue. The cost of higher education keeps sky rocketing, causing young people, and their parents, to go deeper and deeper into debt. In the meantime, the student loan situation is in a state of flux while job opportunities for those students who do manage to graduate—only a little over half of the people who enter college actually matriculate—become more restrictive.

McCain, the Environment, and Big Land Deals:

Sen. McCain, according to the Washington Post, has been involved in pushing Arizona land deals that greatly benefit his campaign's supporters and that not only bring financial harm to taxpayers but also endanger the environment.

Developers in Arizona are swapping land of low economic value for government owned land that is extremely more valuable. This is supposed to occur only when the value is equal, but according to the Post, the land that the government receives in trade is only worth approximately 1 percent of the value that is being traded to big developers. In return for his support, McCain is reportedly receiving massive financial donations to his campaign. Naturally, the McCain camp denies any quid pro quo.

China Facts: "31 percent of Chinese 16 or older say they are religious, four times the official estimate a decade ago."

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