Quality Education

Reviews of Michael Lewis’s book on Sam Bankman-Fried have not been kind. The New York Times, Washington Post, and Los Angeles Times each contended that Lewis had gotten too close to his subject, with the LA Times’s columnist Michael Hiltzik suggesting that journalism schools should use the book as a lesson on the “imperative need to approach a subject with a healthy helping of skepticism…in this book Lewis doesn’t exercise any.”

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In nearly 50 years of @Harvard affiliation, I have never been as disillusioned and alienated as I am today.--Larry Summers

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In Japan. employee earnings have dropped 2% in real terms in the past year and by 8% in the past decade.

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Quality Education

On the National Assessment of Educational Progress, a federal exam that is considered the gold standard for comparing states and large districts, the Defense Department’s schools outscored every jurisdiction in math and reading last year and managed to avoid widespread pandemic losses.

Their schools had the highest outcomes in the country for Black and Hispanic students, whose eighth-grade reading scores outpaced national averages for white students.

Eighth graders whose parents only graduated from high school — suggesting lower family incomes, on average — performed as well in reading as students nationally whose parents were college graduates.

The schools reopened relatively quickly during the pandemic, but last year’s results were no fluke.

While the achievement of U.S. students overall has stagnated over the last decade, the military’s schools have made gains on the national test since 2013. And even as the country’s lowest-performing students — in the bottom 25th percentile — have slipped further behind, the Defense Department’s lowest-performing students have improved in fourth-grade math and eighth-grade reading.

“If the Department of Defense schools were a state, we would all be traveling there to figure out what’s going on,” said Martin West, an education professor at Harvard who serves on the national exam’s governing board.
--Sarah Mervosh at the NYT,