Robert Reich reminds us of the path to wealth in the US thanks to tried and trusted graduate pathways from Harvard and other elite colleges into Finance and Hedge Funds:
More than a third of Harvard’s graduating seniors are heading into finance or management consulting – two professions notable for how quickly their practitioners “make a bag”, or make money, reports the New York Times.
I recently learned that CUHK Shenzhen can charge about 50 K USD per year per student and that Xi-an Jiaotong Liverpool can charge about 70 K USD per year. These might seem very and yet they are on a par with premier universities in the US. It seems Chinese parents see price as a sign of quality and they would not want in any other way.
A recent report in Le Monde reveals that at some top French universities over 50% of faculty are on zero/hour precarious contracts
Faute de budget pour embaucher des titulaires dans un enseignement supérieur exsangue, plus de la moitié des personnels enseignants sont désormais des vacataires, auxquels s’ajoutent de nombreux contractuels. Reportage à l’université de Grenoble.
Academic Barbarism 