Higher Education and the Global Economy
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Even when the recession is finally over, the US may have problems competing with the rest of the world. That's because of a growing education gap. Family incomes aren't keeping up with rising cost of higher education. We hear what that means for competition in the global economy. Also, unemployment climbs faster than expected, and O.J. Simpson gets a minimum sentence of 15 years in prison.
Banner image: University of Maine
O.J. Simpson Sentenced ()
Two months ago, a Nevada jury convicted O.J. Simpson of kidnapping and armed robbery in a botched effort to recover sports memorabilia from peddlers last year. In a Nevada courtroom today, shackled and dressed in a blue jump-suit, he was sentenced to a minimum of 15 years in state prison. Judge Jackie Glass insisted she was not punishing him for anything else. Former federal prosecutor Laurie Levenson, now a professor at the Loyola University School of Law, has followed this case and the infamous trial in 1994, when a jury acquitted Simpson of killing his ex-wife, Nicole and her friend, Ron Goldman.
- Laurie Levenson: Professor of Criminal Law, Loyola Marymount University
Unemployment Climbs Faster than Expected ()
Some 533,000 Americans lost their jobs in November, the worst monthly record since 1974. The unemployment rate has risen to 6.7%. That is "truly alarming," according to Jared Bernstein at the Economic Policy Institute, also an informal advisor to the Obama transition team.
Will College Become Unaffordable for a Majority of Americans? ()
A moment ago, we heard about increased unemployment in the United States. The unemployment rate for college and university graduates is half what it is for the workforce as a whole. But rising costs are putting college and university degrees out of reach for most young Americans. In the past 25 years, tuition and fees have gone up 439% while median income has risen by 147%, and student loans are saddling graduates with more and more debt. For the first time in American history, older adults have more education than younger ones, while other countries are educating their children faster. That's ominous news for a country that attained world leadership because of higher education.
- Will Doyle: Assistant Professor of Higher Education, Vanderbilt University
- Arthur Rothkopf: Senior Vice-President, US Chamber of Commerce
- Barmak Nassirian: Associate Executive Director, American Association of Collegiate Registrars and Admissions Officers
- Kimberly Johnston: Senior Associate Director of Admissions, University of Maine
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