We#8217;re all apprentices now

%26lsquo;Mum, can I drop out of school and get a job? Parents of teenagers,
especially boys, will be used to this question and adept at trotting out the
stock middle-class response: %26ldquo; Fraid not, your prospects will be better
after youve been to university.
But are they right? After years of being a dirty word, apprenticeships a
chance to learn [...]

U.S. Tax Policy Should Adhere to the Three F#39;s Caroline Baum

Feb. 13 (Bloomberg) — The fix is in. Last week the U.S.
Congress passed a $168 billion fiscal stimulus bill, including
tax rebates for households and tax breaks for business.
President George W. Bush plans to sign it today. The Internal
Revenue Service should start issuing tax [...]

Lantos Holocaust Survivor and U.S. Congressman Dies (Update3)

Feb. 11 (Bloomberg) — Tom Lantos, the only Holocaust
survivor to serve in the U.S. Congress and a passionate advocate
for human rights during 27 years in office, has died. He was 80.
Lantos [...]

Rand Sinks as South African Electricity Grid Fails (Update3)

Feb. 11 (Bloomberg) — Gold is above $900 an ounce and
platinum has never been higher, yet traders are selling the
South African rand faster than any other major currency because
President Thabo Mbeki cant keep the lights on.
[...]

Obama#39;s Ties Might Fuel `Republican Attack Machine#39; (Update2)

Feb. 15 (Bloomberg) — Hillary Clinton questions whether
Barack Obama would be able to withstand what she calls the
“Republican attack machine. If Obama does become the
Democratic presidential nominee, his Chicago ties might provide
the fuel.
[...]

Faber Sees a Holiday in Cambodia for Investors William Pesek

Feb. 22 (Bloomberg) — If you want to learn about
Cambodias economy, you can peruse government data and a small
mountain of aid-agency reports. Or you could go trekking in the
jungle near Mount Kbal Spean.
[...]

Stanford Leads U.S. School Fundraising for Third Year (Update1)

Feb. 20 (Bloomberg) — Stanford University raised the most
money among academic institutions for the third year in a row,
aided by a $51 million donation from the estate of a 1927
graduate.
Stanford received [...]

Hong Kong May Offer Tax Relief and Boost Consumption (Update1)

Feb. 26 (Bloomberg) — Hong Kong will probably report a
record budget surplus this week, along with plans to use part of
the cash to spur the economy and protect households from
inflation near a decade high.
[...]

Sending in the experts

We have grown used to schools labelled as “failing”, and even closed and reopened under new names and “fresh-start” management. So could it, or should it, ever happen to universities? Many of the arguments for intervention in schools apply equally to higher education. Undergraduates, like school pupils, usually get only one chance at their courses. [...]

When modern life just doesnt add up

Ten years ago, a young Labour government commissioned the Moser report on basic skills. Few educational documents have made such an impact. The calculation that 7 million adults in England lacked the knowhow to cope with life in a modern society because they were functionally illiterate or innumerate, was an enormous embarrassment.The shame was magnified [...]

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