A New Record for the U.S. High School Graduation Rate

roughly half of states now offer multiple diplomas. Some are rigorous, but some aren’t. Also in many places, he says the high school graduation exam is a really low bar. Some states have dropped it altogether. Scores on the test known as the Nation’s Report Card suggest Cohen’s concerns are well-founded. Last year, high school seniors scored on average lower in reading than they did in 1992. Continue Reading →

CalPERS Meets Reality

The California Public Employees Retirement System (CalPERS) is the largest public pension fund in the country. Public pension plans keep two sets of books. The accounting method reported to the public uses actuarial standards. The other method, not reported ever, uses market values. Any economist worthy of the title will tell you that market valuation is the correct way to value, well, just about anything. The scandal is what happens when a pension plan tries to leave CalPERS’s not-so-tender embrace. Continue Reading →

Entry Exit Overstay Report FY 2015

The Entry Exit Overstay Report FY 2015 gives details of the number of people who have overstayed their visas broken down by country and in several other ways. … Regular readers know my fondness for Excel. I decided to do a quick-and-dirty export from pdf to Excel. Surprisingly the tables seem to have come through in very good shape. Continue Reading →


And the government of Ireland, personified by Finance Minister Michael Noonan, stated, “I disagree profoundly with the commission’s decision.” He added that the the government would quickly file an appeal before the EU courts. “This is necessary to defend the integrity of our tax system; to provide tax certainty to business; and to challenge the encroachment of EU state-aid rules into the sovereign member state competence of taxation,” he added. Continue Reading →