Monday, October 27, 2008

Where have you gone, Paul Volcker? A nation turns its lonely eyes to you.

Alan Greenspan has been discredited in a flood of mea-culpas; a desperate nation looks about for a new Oracle of Wall Street to make sense of the economy.



In a "pop quiz" interview with Suze Orman, the omnipresent blonde and tanned self styled “one-woman financial-advice powerhouse” - the October-November '08 Edutopia gives us this exchange as we grasp at straws for meaning in the ongoing fiscal and credit crisis.


Edutopia: Did you go to public school, or private school?

Orman: A public, inner-city school.

E: What was your favorite subject?

O: Math, absolutely -- math.

E: If you could change one thing about education in America, what would it be?

O: Easy: the cost and quality.

●●smf’s 2¢: We stopped reading here.   Cost and Quality are two things. Math is first+foremost about counting things, we learned that from the Count on Sesame Street.

In the "Introduction to Business 101" first-day-of class mimeographed handout you learn that there are three variables in product deliverables:

  • Cost.
  • Quality.
  • Speed.

You may change only one.

…and Ms. Orman never says whether she would would increase or decrease the cost and quality of Education in America.

The Edutopia interview with Suze Orman.

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