College has been oversold. It has been oversold to students who end up dropping out or graduating with degrees that don't help them very much in the job market. It also has been oversold to the taxpayers, who foot the bill for subsidies that do nothing to encourage innovation and economic growth.

Capitalists work hard to produce what consumers want. Artists who work too hard to produce what consumers want are often accused of selling out. Thus, even the languages of capitalism and art conflict: a firm that has 'sold out' has succeeded, but an artist that has 'sold out' has failed.

It used to be that almost all innovation came from the U.S. and a small number of other developed countries. That's no longer the case, and as China and India grow, it's changing even more. Expect a lot more Chinese and Indian Nobel prizes in the future.

Our obsessive focus on college schooling has blinded us to basic truths. College is a place, not a magic formula. It matters what subjects students study, and subsidies should focus on the subjects that matter the most - not to the students, but to everyone else.

There is no employing class, no working class, no farming class. You may pigeonhole a man or woman as a farmer or a worker or a professional man or an employer or even a banker. But the son of the farmer will be a doctor or a worker or even a banker, and his daughter a teacher. The son of a worker will be an employer - or maybe president.

Let them be reassured, it has never been one of our intentions to ban religion in society, but solely to protect the national education system from any conspicuous display of religious affiliation.

My mother and father are exceptionally proud Indians. They always wanted to contribute, to give back philanthropically, especially in the field of education.

We all learn in school that the judicial, legislative and executive branches of government must check and balance each other. But other non state institutions must participate in this important system of checks and balances as well. These checking institutions include the academy, the media, religious institutions and NGOs.