Friday, April 24, 2009
Post No. 108a: Article of Interest re U.S. Education Status
The following article appeared in the April 22, 2009 electronic edition of the New York Times:
April 22, 2009
Swimming Without a Suit
By THOMAS L. FRIEDMAN
"Speaking of financial crises and how they can expose weak companies and weak countries, Warren Buffett once famously quipped that 'only when the tide goes out do you find out who is not wearing a bathing suit.' So true. But what’s really unnerving is that America appears to be one of those countries that has been swimming butt naked — in more ways than one.
"Credit bubbles are like the tide. They can cover up a lot of rot. In our case, the excess consumer demand and jobs created by our credit and housing bubbles have masked not only our weaknesses in manufacturing and other economic fundamentals, but something worse: how far we have fallen behind in K-12 education and how much it is now costing us. That is the conclusion I drew from a new study by the consulting firm McKinsey, entitled The Economic Impact of the Achievement Gap in America’s Schools."
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To view the remainder of the article, click here.
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