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...despite its excesses, the CSAT is compellingly meritocratic. Rich students and poor students alike get to compete for the same lucrative prize and are judged by the same measure. The best example of this is the South Korean president, Lee Myung-Bak. Lee grew up as the penniless son of an agricultural laborer but he aced the CSAT, got into Korea University, and was vaulted into a sphere of job opportunities completely beyond the reach of his father. Sure, wealthy students have access to more personal tutoring and highly rated cram schools, but with hard academic work, every Korean...

Author: By Anita J Joseph | Title: Testing Up | 7/14/2009 | See Source »

...point, you were living out of your car. How did you remain confident that you would be able to retire rich? Stephen San Roman LAREDO, TEXAS...

Author: /time Magazine | Title: 10 Questions for Robert Kiyosaki | 7/13/2009 | See Source »

Does education have anything to do with how rich or poor you become? Muhammad Umar Gulzar NEW YORK CITY...

Author: /time Magazine | Title: 10 Questions for Robert Kiyosaki | 7/13/2009 | See Source »

...BRIC - for Brazil, Russia, India, China - is the better-known acronym, coined in 2001 by Goldman Sachs chief economist Jim O'Neill as shorthand for the globe's emerging economic giants. In mid-June, leaders of the four BRICs even held their first summit meeting. But Russia, a resource-rich land with an otherwise feeble economy and a shrinking population, is in a different boat from its BRIC brethren. It's having a horrible year, with the World Bank predicting that its GDP will contract 7.9%, worse than that of any other top-15 economy...

Author: /time Magazine | Title: Let Someone Else Buy | 7/13/2009 | See Source »

Even USA Network's escapist Royal Pains has a class-conscious premise. Idealistic Dr. Hank Lawson gets fired when he chooses to save a young patient's life before treating a hospital board member. He takes a job as a "concierge doctor" to rich summer people in New York's Hamptons, treating everything from hemophilia to deflated breast implants. It's fluff, but with a theme of modern medical feudalism: top docs attending the richest like courtiers. If your hospital waiting room has cable, watch it sometime...

Author: /time Magazine | Title: POTUS TV: Paging Dr. Obama | 7/13/2009 | See Source »

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