EU Universities Could Lose Ground to Asia

Education linked to better health, longevity

(NEWSER) - Sure, college costs a lot of money and you won’t necessarily get a job after you graduate, but good news! At least you'll live longer in your loan-induced poverty, because higher education is linked to longer life. An annual report from the CDC shows that those who obtain a bachelor’s degree or above live about nine more years than those who never graduate high school. Education is also linked to other healthy habits, USA Today reports: More»

Calls Obama academic 'snob'

(NEWSER) - Rick Santorum has a bone to pick with college. This weekend, he called President Obama "a snob" for wanting "everybody in America to go to college"—perhaps a bit strange coming from a man with more degrees than the president, the Washington Post notes. Added Santorum: “There are good decent men and women who go out and work hard every day that aren’t taught by some liberal college professor trying to indoctrinate them." On ABC yesterday, Santorum noted that "a lot" of Americans "have no desire or no aspiration to go to college." More»

It's a four year—or more—waste of time, author says

(NEWSER) - College is a must if you want to have a real career, right? Nope, it’s “a scam, a self-perpetuating Ponzi scheme that needs to stop right now,” writes James Altucher for DailyFinance.com . Here are his seven reasons you shouldn’t send your kids:

• It’ll cost more than you think: Thanks to the fact that more than 60% of college students will take more than 4 years to wear that cap and gown.
• It doesn’t matter, money-wise: Yes, the difference in income between a college grad and a non-grad is approximately $800,000 over a 45-year career. But if you invest the $200,000 likely college cost in bonds yielding 3%, over those 45 years plus the 4 spent in college, you’ll end up with $851,000.

China adds remarkable share of world's newly minted billionaires

(NEWSER) - Asian magnates are the huge scorers in the annual Forbes list of the world’s billionaires, with 234 making the cut this year, compared to 130 last year. That's 23% of the 1,011 people worldwide on the list, up from 16%. And Asia is minting new billionaires like mad: Last year, just 7 of 38 newcomers to the list were from Asia. This year, it’s 62 of 97. The combined wealth of the Asians on the list more than doubled over last year, while the Europeans' rose 50% and the Americans' 18%. More»

(NEWSER) - Americans may jaw about their grueling work weeks and meager vacations, but their kids? While European and Asian children are logging in long school days and pounding out homework, US students are taking time off, the Economist reports. With one of the world's shortest school weeks and longest summers—which inspired the term "summer learning loss"—Americans need not wonder why they're falling behind. More»