Dear Readers, Like most of you this week, I was captivated by the college admissions scandal. Some of the details that emerged were stunning: for example, wealthy parents Photoshopping their kids heads to make it appear like they were lightweight crew stars. And the fall-out from what started as a criminal case is beginning to take shape at places like Stanford, where students are suing the school, saying that their degrees are now less valuable because prospective employers...


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