The story of education in lower income neighborhoods is an all too familiar one. The struggle to obtain a stable education is a story of overcoming conditions that are less than favorable, much like the swamp plant. What is causing these students, especially Latinos, to fall behind? How can they grow from these meager and impoverished conditions?
You knew it all along: Economists can’t forecast the economy worth a hoot. And now we have a scholarly study that confirms it. Better yet, the corroboration comes from an impeccable source: the Federal Reserve.
The study compared predictions of important economic indicators -- unemployment, inflation, interest rates, gross domestic product -- with the actual outcomes. There were widespread errors. The study concluded that “considerable uncertainty surrounds all macroeconomic projections.”