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Daily Archives: December 5th, 2013

Grade inflation at Harvard

The Boston Globe reports: Harvard College is facing a new round of disapproval, and even ridicule, from some educators following news that the most common grade awarded is an A, more than a decade after professors pledged to combat grade inflation. Critics say that making top grades the norm cheapens the hard work of the […]

Crime bosses complain

This paragraph from this morning's New York Times put me in mind of a complaint Dean Baker often makes. The CFTC is considering rules that might prevent criminal syndicates banks from fixing LIBOR rates : And it underscores increasing worries by large banks in general that the rules and regulations that have come in response […]