WashPost: "China has more students at U.S. colleges than in any other foreign country. They numbered 157,558 [and] rarely attend state schools but congregate instead at top-tier - and very expensive - private colleges, a stark rejection of the egalitarian ideals that brought the Communist Party to power in 1949."
Pittsburgh Post-Gazette: "State Supreme Court Justice Joan Orie Melvin on Friday denied any criminal wrongdoing and said she will not resign from the bench. Justice Melvin, 56, spoke after being arraigned on nine criminal charges filed against her for allegedly using her judicial staff to campaign for the high court from 2003 to 2009."
FACEBOOK STUMBLES IN MESSY IPO
05/19/2012
WSJ: "The stock had been widely predicted to soar on its first day. Instead, Facebook's underwriters battled to keep the stock from slipping below its offering price of $38 a share. Such a stumble would have been a significant embarrassment, particularly for a prominent new issue like Facebook, the most heavily traded IPO of all time."
ECONOMIC OPTIMISM ON RISE NATIONWIDE
05/18/2012
Gallup: "Americans' expectations for their personal financial situations have recovered from the low point of four years ago, with 63% now saying they expect to be better off a year from now, up from 52% in late May/early June 2008. The 18% who say they will be financially worse off in a year is by one percentage point the lowest since 2003."
NYT: "The Obama administration has drafted some of the world's largest food and finance companies to invest more than $3 billion in projects aimed at helping the world's poorest farmers grow enough food to not only feed themselves and their families but to earn a livelihood as well."
EURO ZONE CRISIS HITS MARKETS
05/18/2012
MAJORITY MINORITY
05/17/2012
Politico: "For the first time, racial minorities now represent more than half of the children born in the U.S., according to new census figures. African-Americans, Hispanics and other minorities made up
50.4% of U.S. births in the year ending July 2011, accounting for 2.02 million births, up from 37% in 1990."
50.4% of U.S. births in the year ending July 2011, accounting for 2.02 million births, up from 37% in 1990."
NEED FOR INFRASTRUCTURE IMPROVEMENTS
05/17/2012
Former PA Governor Ed Rendell: "To remain economically competitive, the US must have a 21st-century transportation system. Goods must move efficiently to market, and people must reliably get from their homes to their jobs or schools. Our transportation network, however, has not kept pace with our exponential growth."
ENTREPRENEURS TO THE RESCUE
05/17/2012
Gallup: "The United States has no shortage of great ideas and innovations. What the country most needs right now are highly motivated entrepreneurs who can turn those ideas into great businesses -- and thus create millions of new jobs. So says Gallup Chairman Jim Clifton in his book, ‘The Coming Jobs War.'"
TOP 10 STATES FOR INTERNET CRIME
05/16/2012
Governing Magazine: "The Internet Crime Complaint Center (IC3) has released its latest Report on Internet Crime, reporting more than 314,000 complaints in 2011. Top 10 States by Number of Complaints: 1, California; 2, Florida; 3, Texas; 4, New York; 5, Ohio; 6, New Jersey; 7, Pennsylvania; 8, Illinois; 9, Virginia; 10, Washington."
Patriot Majority USA works to encourage a national discussion about economic development, job training, entrepreneur- ship, workforce development, clean energy, education and infrastructure improvements.
ON THIS DAY IN US HISTORY
On May 19, 1962, at a birthday salute to President Kennedy at Madison Square Garden, Marilyn Monroe famously sings “Happy Birthday, Mr. President.” It is one of her last major public appearances. The movie star dies less than three months later on August 5, 1962.
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