College enrollment fell this fall, with freshman enrollment down 16.1% across the board. At community colleges, first-time enrollment fell 22.7%.
Only for-profit freshman enrollment went up, 3.7% nscresearchcenter.org/stay-informed/
Usually you'd expect college enrollment increases in a recession, as workers seek shelter from the bad economy and upgrade their skills. But this is of course a different kind of recession. Presumably a lot of students are waiting for in-person classes to return.
Bigger declines among Whites, and also among men. Note that women already outnumbered men at colleges, so enrollment changes this year will skew the gender balance further.
International student enrollment ("non-resident alien" in chart) fell 13.6% among undergrads, 7.6% for grad students. Methodology note says there may be issues with counts of international students in this survey. Other reports suggest bigger declines (ACE had estimated 25-30%)
Here's that 25-30% international student enrollment decline estimate, quoted last month. pewtrusts.org/en/research-an…
*New* international student enrollment probably down much more, since ICE said it would only give new visas to students whose classes are meeting in person despite pandemic. bloomberg.com/opinion/articl…
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Maybe Trump means China will instead "pay" for our stimulus by continuing to lend the U.S. government money at near-zero interest rates...if so, he may want to look at recent trends in U.S. Treasury holdings, as well as recent rhetoric out of Beijing reuters.com/article/us-chi…
Man steals pro-Biden yard sign, then goes around town stealing copies of local newspaper containing story on his theft of the pro-Biden yard sign.
Local newspaper then publishes new story, on theft of the story on the theft. dickinsoncountynews.com/story/2839758.…
Trump is currently on track to become the first president since modern economic statistics began to leave office with fewer jobs than he inherited washingtonpost.com/opinions/trump…
The purported greatness of the economy would certainly be news to the 27m people filing for unemployment, or the 1 in 10 adults in households where there was either sometimes or often not enough to eat in the last 7 days
Boasting about stock markets is also silly, and not only because half of Americans don't own stocks. Presidents don't control markets. Even if they *did,* Trump would compare poorly to his predecessor
NYT: Trump paid $750 in federal income taxes the year he won the presidency. In his 1st year in White House, he paid another $750.
He paid no income taxes at all in 10 of previous 15 years — largely because he reported losing much more money than he made nytimes.com/interactive/20…
His returns “reveal the hollowness, but also wizardry, behind self-made-billionaire image...that helped propel him to White House & that still undergirds loyalty of many in his base. Ultimately, Trump has been more successful playing a business mogul than being one in real life”
His tax returns show how misleading his public financial disclosures — where he has reported gross revenues, not profits — have been. In 2018, Trump said in his public disclosure filings that he had made at least $434.9 million. The tax records show $47.4 million in losses.
Or listen to this Trump Inc about Kushner's grandparents, who were Holocaust refugees; and who (understandably) lied on their visa application in order to seek refuge in the US. Grandmother: “For the Jews, the doors were closed. We never understood that” propublica.org/article/trump-…
Trump & his political appointees worked to discredit the National Weather Service, during a hurricane;
the Federal Reserve, during a recession;
USDA's Economic Research Service, during a farming crisis;
so, sure, why not also the CDC during a pandemic? nytimes.com/2020/09/18/us/…
On the one hand, in the past, when Trump needlessly frittered away statistical/scientific agencies' hard-won reputations, I used to wonder: Won't he regret this eventually? At some point *something* bad will happen and he'll need the public to believe what these experts say
As @Austan_Goolsbee has put it (adapting some wisdom from the late Paul Volcker): Normal times are when you establish the credibility by being honest even if it makes you look bad in the short run, because you will need it when SHTF.