Fake Diploma Mill Degrees

http://spotlight.encarta.msn.com/Features/

One fact from the article jumped out at me.

"The number of fake doctorates sold each year is in the range of 50,000 to 60,000," states John Bear, author of "Bear's Guide to Earning Degrees by Distance Learning." "The number of real Ph.D.s awarded is around 40,000."

Bear goes on to say "In America right now, more than half of all the Ph.D.s are fake." but that is not correct. I assume he meant more than half of all PhDs issued each year are fake.

Wall Street Looks Abroad

Senior executives at some of the largest U.S. corporations say stringent immigration policies are hurting New York's ability to compete with other financial centers. Investment bank officials say visa issues have forced them to move jobs to other countries. "New York's ability to compete with London, which has much more open immigration, or with the emerging financial capitals in Asia and the Middle East, depends on mobility of talent," said Kathryn Wylde, president of Partnership for New York City.

Source: NYT

Now even Wall Street claims it can't find talent, another chink in our educational armor.