HIGHER EDUCATION BUBBLE UPDATE: Cornell and Dartmouth Shame Students for Not Adding Their Real Money to the Ongoing Bonfire of Imaginary Money. “Fundraisers at Dartmouth and Cornell singled out students by name for failing to donate money to the universities.” Chutzpah. Plus this: “The single student from Dartmouth’s 1,123-student Class of 2010 who did not contribute this year was criticized in a column in the college newspaper and on a popular blog, which posted her name and photograph.”

And this: “Why would anyone with a normal human level of income give any money to these universities? Today’s endowments and their fluctuations exist in a budgetary fantasyland; from the schools’ point of view, individual gifts are literally worthless. It is like writing a check to the Department of Defense.”

And, from the comments: “Who was the holdout, and does she need a job? I like the cut of her jib.”