An unhappy lesson for US colleges

This is important, so please excuse the length! Markets work. But sometimes they take time. That’s the uncomfortable lesson now being learnt by the US’s colleges and universities. For decades, they enjoyed a boom in demand that led them to believe that market forces didn’t apply to them. The government inflated the demand by handing …

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Expensive weddings and their aftermath

Economists have worked out that the more lavish a couple’s wedding, the more likely they are to divorce. The US team found that couples whose weddings cost in excess of $20,000 (£12,450) were 3.5 times more likely to split up than those who spent between $5,000 and $10,000. This has little to do with weddings …

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Handcuffs should used only in extreme circumstances

When I was young I hitch-hiked all over the United States. I reached Memphis TN, and, unable to hitch through the city, I was waiting at a bus stop. Suddenly two police cars roared up and screeched to a halt. Out got four huge cops. One of them threw me against the steel upright, bruising …

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University should be funded from taxation!

All German universities are now free, not just to German citizens, but to American and British citizens. The last German state to charge tuition at its universities recently struck down fees. Why are they offering such a generous plan? In explaining why Germany made this move, Dorothee Stapelfeldt, a Hamburg senator, called tuition fees “unjust” …

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