The Wall Street Journal warns us yet again about the woes of retailers: From Walmart Inc. to Nordstrom Inc., retailers have a glut of inventory and are discounting items to clear out space for holiday goods. Many have already lowered profit expectations for the year and are working to cut costs as consumers are pulling ...continue reading "Raw data: Retail profits in a post-pandemic world"
Diane Ravitch points us to a new study from Paul Peterson and Danish Shakeel that takes a look at student achievement over the past 50 years: Our data consist of more than 7 million student test scores on 160 intertemporally linked math and reading tests administered to nationally representative samples of U.S. student cohorts born ...continue reading "New study says American students are improving. Are they?"
Despite the late washout, organizers were thrilled to have the festival back at its original location at Tower Grove Park. They estimate around 100,000 people turned out for the festival.