The higher education industry, one of the biggest businesses in America, is in the process of destroying its credibility with the public, which lavishly subsidizes it with gifts and taxpayer monies, and which has ponied up tuition rising at a pace twice that of inflation for generations, now. The spectacle of political correctness run amok is only the tip of the iceberg. Hundreds of billions of dollars flow through universities and colleges, and some of it is spent very foolishly. Some even criminally, perhaps. There will be a reckoning, and the trustees of American University may help it come sooner. The trustees of AU are considering buying off its president with a settlement of between 3 and 4 million dollars, to make him go away quietly rather than go through the hassle of firing him for cause and enduring subsequent litigation. The president has spent large sums of university money on himself in ways that are not felt to be in accord with his contract or his tax paying...(Read Full Post)