HIGHER EDUCATION BUBBLE UPDATE: Investor’s Business Daily: “It’s time for a tuition revolt, and higher taxes aren’t the answer. Students and the rest of the public are now paying for decades of mission creep and bureaucratic bloat. . . . What happened, for instance, to swell the bureaucracy at the UC over the past two decades? There now are nearly as many senior managers (8,144) as tenured and tenure-track faculty (8,521). As recently as 1993, the ratio between these groups was much different — 2,429 to 6,846. Put another way, 18 years ago the student-to-upper management ratio was 62-to-1. Now it’s all the way down to 2-to-1. The ratio of students to regular faculty, meanwhile, has risen from 22-to-1 in 1993 to 26-to-1.”