Dr.Peter H. Diamandis is a Greek American engineer, physician, and entrepreneur best known for being the founder and chairman of the X PRIZE Foundation, the co-founder and chairman of Singularity University and the co-author of the New York Times bestseller Abundance: The Future Is Better Than You Think.
Today’s Evidence of Abundance illustrates how educational levels are increasing across the U.S. In the 1940s, about 20% of people in the U.S. had graduated from high school, but less than 5% continued their education to get bachelor’s degrees or higher.
Today, it’s a different story. As of 2012, over 56% of the country has a high school diploma; while over 30% have gone on to get their bachelor’s and advanced degrees.
This Figure shows the % of population against level of education in theU.S.
By Mark Gilbert: he is a Bloomberg View columnist and a member of the Bloomberg View editorial board. He has worked at Bloomberg News since 1991, most recently as London bureau chief. He is the author of “Complicit: How Greed and Collusion Made the Credit Crisis
The Greek parliament’s decision to trigger elections by rejecting Prime Minister Antonis Samaras’s presidential candidate throws Europe back into turmoil. The European Union can avert a full-blown existential crisis, however, if it acknowledges that Greece’s economic pain is real and not entirely self-inflicted, and that austerity fatigue is an issue for more than one euro member.
Polls suggest that the opposition Syriza party may win power in Greece; its leader, Alexis Tsipras, wants to unwind government spending cuts to halt what he calls a “humanitarian crisis” in his country. If he does win the prime minister’s job on Jan. 25, the EU will need to take his concerns seriously, recognize that fiscal backtracking is preferable to seeing Greece exit the euro, and concede that the unfortunate solution to the nation’s unsustainable debt is to forgive some of it.
The economic hole Greece finds itself in is a deep one:
By Maria Petrakis,
Reporter at Large at Bloomberg LP
Greece has finally emerged from the six-year recession that shrank its economy by a quarter, tripled unemployment and left drugs in short supply. But the struggle over its finances isn’t over. Ever since it announced that hidden deficit spending had left the country broke, Greece has been a flashpoint in the European Union’s broader economic debates as well as a practical problem for the countries that banded together to adopt the euro. To richer northern countries, Germany in particular, Greece is a spendthrift needing harsh economic medicine. To many Greeks, the depth of their travails has shown the limits – or even folly — of the spending cuts and tax increases pressed on it and other ailing economies like Portugal, Spain, Ireland and Italy. In 2012, conflicts over Greece’s debts threatened to tear the euro zone apart. That sense of emergency has faded. Even so, another Greek political crisis is echoing on a continent mired in economic stagnation.
Greece will hold a snap election in early 2015 after Prime Minister Antonis Samaras gambled on shoring up his fragile coalition by forcing a parliamentary showdown. He nominated a successor to the country’s current president, then failed to get the necessary support in three separate votes. The anti-austerity protest party Syriza is the favorite to win the ballot, which will likely be held Jan. 25. Syriza’s 40-year-old leader, Alexis Tsipras, has promised to write off some of Greece’s 322 billion euros of debt, most of it owed to the EU, the International Monetary Fund and the European Central Bank. Samaras has warned that could lead to Greece being forced to leave the euro, a prospect that drove up yields on Greek bonds — but didn’t alarm Greeks used to years of chaos. Samaras hopes to make his own deal with the troika of creditors to ease austerity.
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