Graduation Speech Bursting The Bubble - 1712 Words

Bursting the Bubble â€Å"Everything that can’t go on forever won’t,† –Harold Stein referring to dynamics financial systems. His insight rings true decades later, when Americans are challenged by another financial bubble ready to pop. The political class has long held a higher education vital to success in this land of opportunity. The Obama administration has said college is, â€Å"the ticket to the middle class.† Their words give the illusion that the ride on the train to sustainability is guaranteed. After all, American institutions are the best in the world, drawing students from around the globe. However, in the past decade college education has developed a dark side. Higher education is commonly viewed as a bad investment with a poor return by a vast amount of the younger generation. Even with attractiveness to foreign students, government programs to assist the impoverished, and the societal normalcy of the college experience, enrollment in higher education acro ss the board has fallen 1.5% (Vedder, 2014. WSJ). Due to the extreme rates of tuition, cuts in domestic life, and political relevance, American college education is no longer deemed beneficial developing into a financial bubble bound to reel from good old-fashioned market discipline. Three major contributing factors head up disdain in the education bubble: major inflation of tuition, political intervention and policy, and the ambiguity of actual benefits of a degree. The education bubble is a hypothesis that statesShow MoreRelatedMarketing Mistakes and Successes175322 Words   |  702 Pageson relevance. And relevance would be determined by how often ads were clicked on by computer users. This would provide valuable feedback to advertisers and influence the selling and pricing of ads. CHARGING AHEAD When the Internet stock price bubble burst in 2000, it ravaged the former highflying entrepreneurial firms of Silicone Valley with major layoffs and bankruptcies. But Google stood poised at the nadir of its great growth to come and was one of 4 Vise, p. 69. Charging Ahead †¢Read MoreManaging Information Technology (7th Edition)239873 Words   |  960 PagesSoftware Piracy 586 Copyright Protection Patent Protection 586 586 Digital Entertainment Piracy 587 Internet File Sharing 587 Ethical Questions 589 Other Social Issues 589 Access to the Technology 589 Freedom of Speech 590 Hazards of Inaccuracy 590 Impact on Workers The Future 590 591 Review Questions 591 †¢ Discussion Questions 592 †¢ Bibliography 592 569 xiii xiv Contents ̈ CASE STUDY IV-1 The Clarion School for Boys, Inc.—Milwaukee