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Recalibrating the amount of power the ratings agencies wield in the world, though, is a Herculean task. Just seven years ago, in the wake of the Enron collapse, the Senate held hearings about the role of the ratings agencies - which considered the company's debt investment-grade until just days before it went bankrupt. The Senate investigation found that the ratings agencies hadn't asked particularly probing questions of Enron and had glossed over warning signs like accounting irregularities. In other words, the ratings agencies didn't objectively and accurately rate...
...other, freshman novelist Isabel E. Kaplan ’12 parries her timid demeanor with confident eloquence. She has the air of total normalcy that most Harvard students manifest, but in both pedigree and talent, Kaplan is a far cry from normal. Her book pitch in seventh grade garnished a mention in Page Six of The New York Post, but Kaplan had to wait till the ripe age of 16 to finally sign her first book deal. However, patience paid off; Kaplan’s debut novel, a project more than two years in the making...
...Albuquerque, N.M., or for that matter in Beijing or Bangalore. (We can save for later the debate over whether that should be true for more subjective subjects like history.) These standards should define precisely what students are expected to know by the time they complete each grade and should be accompanied by tests to assess their level of proficiency. The process should be quasi-voluntary: states should not be forced to adopt the common standards, but they should be encouraged to do so through federal funding and public pressure. In states that shy away from holding their schools accountable...
Forget the widely unloved redesign. Facebook has committed a greater offense. According to a new study by doctoral candidate Aryn Karpinski of Ohio State University and her co-author Adam Duberstein of Ohio Dominican University, college students who use the 200 million-member social network have significantly lower grade-point averages (GPAs) than those...
...study, which will be presented at the annual meeting of the American Education Research Association on April 16, surveyed 219 undergraduate and graduate students and found that GPAs of Facebook users typically ranged a full grade point lower than those of nonusers - 3.0 to 3.5 for users versus 3.5 to 4.0 for their non-networking peers. It also found that 79% of Facebook members did not believe there was any link between their GPA and their networking habits. (See the 50 best websites...