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Archive for April, 2009

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Thomas Friedman on the educational, institutional, and structural rot that’s been allowed to accrue in the US — only to be revealed bare for all to see by the receding economic tide:
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.

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