Thursday, April 08, 2004

Interesting story on the wire about Princeton University’s attempts to curb rampant grade inflation. According the school’s Dean, 65% of graduating seniors had an average of ‘B+’ or greater, and less than 5% scored below a ‘B-‘. Gee, what does one have to do to get a ‘C’ in the Ivy League these days? Turn in term papers with crayon fonts and urine stains?

I’ve always found the grade inflation phenomenon fascinating. Having attended an undergraduate university with a reputation for tough grading standards, I’ve often wondered if I would have faired better grade-wise had I enrolled in a different sort of institution.

Normally I’m not one to dwell on such nostalgia, however, the grades issue has reared its ugly head once again, as I am thinking seriously about pursuing graduate studies some time over the next couple of years. Studying what exactly? I haven’t decided yet. All I know is my brain is slipping slowly into the realm of atrophy. Time for something new to keep my juices flowing.

More news on the jobs front...

Today's initial jobless claims report came in far below expectations: 328,000 vs. 340,000. This is the best reading in over 3 years, providing further evidence of the underlying strength of the economy.

Also, Michael Barone has a great article out today about the myth of the "jobless recovery". Give it a read.

Friday, April 02, 2004

Oh, John "Botox" Kerry is so, so screwed...

Another blockbuster jobs report came out today. Not only were 308,000 jobs created in March, blowing away the 125K market forecasts, but the figures for January and February were revised upward again. The unemployment rate inched up only slightly to 5.7%, mainly due to people re-entering the labor force and looking for work. The bottomline: 505,000 new jobs in the first of quarter of 2004, and some definitive proof that the economy is indeed healthy, and well on the road to full recovery.

There are 6 more employment reports due out between now and Election Day. If job growth maintains its current pace, another 1 million jobs will be tagged onto the economy. It's an entirely plausible scenario given current employment trends and the high level of economic stimulus permeating throughout the country. The timing couldn't be better for the Bush re-election team.