Reason on the coming collapse in higher education:

The pain of deflating this bubble is being felt most acutely in the California public university system, where an impossible mandate (to provide a free, quality college education to everybody) can no longer be sustained, but where the consumers have been so completely shielded from actual costs for so long that the only real solution is for the system to collapse. But the whole country is headed in that direction, for better (if you're a student) or worse (if you're a flunky).