NY Fed: The Truth About the Job Market for Recent College Graduates

"We show that there are large differences in unemployment rates, underemployment rates, and average wages across majors. In particular, we show that those with degrees in majors that provide technical training, such as 'Engineering' and 'Math & Computers,' or in those that are geared toward growing parts of the economy, such as 'Education' and 'Health,' have tended to do pretty well when compared to the rest of the pack. At the other end of the spectrum, those with a 'Liberal Arts' or 'Leisure & Hospitality' major tend to have lower wages, higher unemployment, and higher underemployment." Continue reading

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Teens urged to promote ObamaCare to parents under California grant

"The Los Angeles school system reportedly plans to use a state grant to promote ObamaCare, in part by teaching students to become 'messengers' for the law. The Heartland Institute first reported on the grant, one of $37 million in state grants announced in May by Covered California, the state’s health insurance exchange. Of that, $990,000 was awarded to The Los Angeles Unified School District. A brief synopsis of the grant says it would be used for 'outreach calls' to families and 'adult-student class presentations.' But it also states as an objective: 'Teens trained to be messengers to family members.'" Continue reading

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New Jersey Just Banned Trash Talking in High School Sports

"Starting this fall, high school students in New Jersey who taunt each other during games will be subject to investigation not only by the state's athletic association, but the state's government. Thanks to collaboration between NJSIAA, the New Jersey Attorney General, and the New Jersey Civil Rights Division, 'discriminatory conduct will also be reported to the New Jersey Division on Civil Rights and may result in further investigation.'" Continue reading

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Charges Dropped Against Teen for Wearing NRA T-shirt

"14-year-old Jared Marcum, who was suspended and arrested in April over an NRA t-shirt that he wore to school, has had all charges against him dropped. The decision followed massive controversy, including a threat of a gag order. A local news station reported that the dismissal order signed by Judge Eric O’Briant stated, 'The state of West Virginia is not interested in the possibility of creating a juvenile criminal record for this defendant.' A statement which has brought Jared’s mother, Tanya Lardieri, to tears of joy." Continue reading

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Is There Hope for Recent College Grads?

"Since the great recession, the labor market has become an especially difficult place for recent college graduates. The unemployment rate for 22-year-olds jumped from 4.5% in 2000 — at the tail end of a historic technology boom — to 10.3% in the 2009 — 2011 period, according to a presentation Thursday by researchers at the New York Fed. Possibly more concerning is the spike in underemployment among younger workers. Those are recent graduates who have jobs that don’t require a degree, such as a salesperson in a retail store, a food server or even an electrician. In 2001 the underemployment rate fell to as low at 35%, but last year it rose to 44%." Continue reading

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By Global Standards, The US Education Bureaucracy Gets the Most Money With Mediocre Results

"America has a very costly and inefficient government school monopoly. The strongest piece of evidence is an amazing chart put together by a Cato colleague. It shows that education spending has skyrocketed while educational performance has stagnated. We’ve now surpassed Switzerland to become the biggest spenders on education. But we still get a crummy return on all that money that is spent. One reason the system is so expensive is that we squander so much money on bureaucratic overhead. But I guess we need all those paper pushers so we can stop little kids from engaging in terrorist behavior." Continue reading

Continue ReadingBy Global Standards, The US Education Bureaucracy Gets the Most Money With Mediocre Results

One Dead After Charlotte Police Stage Drug Sting on Elementary School Grounds

"An undercover drug sting in the parking lot of a Charlotte, North Carolina, elementary school ended up with one person killed and one person wounded, and a community wondering why police chose that particular location for their operation. Police set up a marijuana buy between an undercover police officer, an informant, and two teenagers last Tuesday afternoon. Police said that during the drug deal, Walker pulled a gun and shot the informant in the shoulder in an attempt to rob him. The undercover police officer then shot Walker in the head, killing him. The teen who accompanied Walker fled, but was arrested later." Continue reading

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Here Come The “National Service” Peddlers

"WaPo's Michael Gerson feels a little edgy about Americans 'criticizing the National Security Agency as though it were enforcing the Alien and Sedition Acts.' You see, the serfs are not supposed to question, let alone have a problem with, having their every move monitored and watched by the State. So Gerson, looking for a panacea to this individualistic disease, suggests that 'National service can heal a divided nation.' Adding to Gerson's plea, there's also HuffPo who says 'That a year of full-time national service should become a civic rite of passage for all young Americans.' One must ask: Are the government schools not enough anymore?" Continue reading

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A million engineers in India struggling to get placed in an extremely challenging market

"Somewhere between a fifth to a third of the million students graduating out of India's engineering colleges run the risk of being unemployed. Others will take jobs well below their technical qualifications in a market where there are few jobs for India's overflowing technical talent pool. India trains around 1.5 million engineers, which is more than the US and China combined. However, two key industries hiring these engineers -- information technology and manufacturing -- are actually hiring fewer people than before. Frustrated engineers are taking jobs for which they are overqualified and, therefore, underpaid. A few exceptions have even turned to crime." Continue reading

Continue ReadingA million engineers in India struggling to get placed in an extremely challenging market