Tag Archives: Education

The next bubble: student loan debt

Students graduating college last year owed a record amount in loans. Compared to five years ago, borrowing has increased 20% to an average bill of $25,250. The rise in borrowing is unsurprising considering that, while American wages have generally stagnated, tuition has swelled. For instance, under the most optimistic projection, the University of California system […]

Funnest teacher ever to be fired

Set to Pearl Jam’s single, “The Fixer” from their new album Backspacer.

The cost of crappy education

“If the United States had in recent years closed the gap between its educational achievement levels and those of better-performing nations such as Finland and Korea, GDP in 2008 could have been $1.3 trillion to $2.3 trillion higher. This represents 9 to 16 percent of GDP.” – McKinsey report (@ Yglesias) We currently spend about […]