August 2016 Posts

Top Universities Sued Because...401(k)-Style Retirement Plans Provide Less Bang for the Retirement Buck

Posted in:

Earlier this week, MIT, Yale, and New York University were sued because their 401(k)-style retirement plans have had excessive fees and provided employees with a bewildering array of often-low-quality investment options. The Universities, in effect, allowed the transfer of a significant share of their employees' potential retirement benefits to Wall Street.

This should be a "teachable moment," an opportunity for the robotic chorus of 401(k)-style champions — including in Pennsylvania's legislature, editorial boards, and other news media — to register that typical 401(k)-style retirements are a lousy deal for workers.

A New Approach to Accountability: What PA Schools Can Learn From the U.S. Women's Gymnastics Team

Posted in:

Americans today are celebrating the astounding success of the U.S. women's gymnastics team at the summer olympics in Rio. The team won the gold medal last night, finishing nearly twice as far ahead of silver medalist Russia as Russia finished ahead of eighth place Brazil.

Believe it or not, the success of the U.S. women's gymnastics team contains within it a powerful suggestion for improving Pennsylvania's schools — a new approach to "accountability" that could result in gold-medal performances by more and more Pennsylvania children over time.