The economy: screwing high school seniors since '08

The Times reported yesterday that in the face of shrinking endowments, universities are increasingly choosing wealthier applicants that can foot the full ticket of an education over students that would need financial aid if admitted.

Coupled with the fact that Ivies' (and other selective college's) acceptance rates are dropping, high school juniors across the nation have collectively just sighed a massive "fuck my life."

(image © Hasbro)

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Making Harvard proud

Larry Summers, head of Obama's National Economic Council and once-beloved Harvard president, attended yesterday's "fiscal sustainability summit" in the White House. For the event, Obama convened over a hundred policy makers and intellectuals to discuss bipartisan approaches to deficit reduction.

If anyone was wondering why Larry was a bit quiet during the whole thing, well, the Financial Times reports that "Lawrence Summers . . . fell asleep on the podium." Falling asleep in the audience is understandable, sure, but the podium? It's enough to make Rick Santelli mad!

The good news for students is that apparently Harvard's unofficial motto now extends to the White House: "The hard part is getting in."

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(image source: ustreas.gov)