Nothing is more American than the belief in second chances. But the latest College Board/National JournalNext America Poll suggests that the choices young people make as they complete high school echo with surprising power throughout their lives.
Underscoring the stakes of the next step teenagers take after completing high school, the poll found that those who advanced immediately to some form of postsecondary education—either to a two- or four-year college or to vocational training—were more than three times as likely to report ever having obtained a degree than those who moved from high school straight into the workforce. Even counting those who are still seeking but haven’t yet obtained a postsecondary credential, the ratio remains 3-to-1.
Read more. [Image: Luis Gustavo Leme/Flickr]
Yesterday, the judge in the SAC case accepted the firm’s plea deal with the Justice Department, in which the firm and its subsidiaries pled guilty to wire fraud and securities fraud and agreed to pay a $900 million penalty and $300 million in disgorged profits. The Southern District hailed the deal as the crowning victory in their multi-year campaign against insider trading, which notably has resulted in more than 70 convictions and exactly zero acquittals. Congratulations.
But what many of us want to know is: why, immediately after the most severe financial crisis in more than seventy years, which resulted in the loss of almost nine million jobs, did the Justice Department choose to train its heavy artillery on insider traders? Sure, insider trading is bad. It’s very rich people cheating to make themselves extravagantly rich. It should be illegal, and people should go to jail for it. But it’s far from the biggest thing wrong with our financial markets and institutions.
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When I was a child, it was believed that animals became extinct because they were too specialized. My father used to tell us about the saber-tooth tiger’s teeth — how they got too big and the tiger couldn’t eat because he couldn’t take game anymore. And I remember my father saying, with my brother sitting there, ‘I wonder what it will be with the human beings that will be so overspecialized that they’ll kill themselves off?’
My father never found out that my brother was working on the bomb."
Richard Feynman’s sister, Joan (via historical-nonfiction)
Well, then.(via jtotheizzoe)
Laukr er vann
tårar frå auge
foss frå fjella
draup frå isen
vågar på vatn.
Bølgjene voggar meg,
djupt eg fell i svevna
The cliche about majoring in humanities is that it’s a lovely way to spend four years of college and poor way to land a lucrative job. To some extent, that cliche may be true. On the whole, humanities grads earn less than students who study disciplines like business or engineering. So sayeth the statistics.
But the Association of American Colleges and Universities would like you to know that getting a degree in English or History, while perhaps not the most financially rewarding choice, doesn’t require an oath of poverty either. Over a lifetime, they note, typical humanities and social science majors earn similarly to graduates who study practical, pre-professional fields such as education or nursing.
Read more. [Image: Reuters]