IT’S NOT UNDERACHIEVING ANYMORE: Now it’s FUNderachieving! “Numbers provide the backdrop to the story — not just the grimly familiar national unemployment rate, 9.5 percent in June, but the even scarier, less publicized unemployment figure for 16- to 19-year-olds, which has hit 24 percent, up from 16.1 percent two years ago. . . . Mr. Ehrenfeld, a top student who has always held leadership positions in clubs and academic groups, loafs through days, rolling out of bed around 11 and reading or playing trumpet or guitar. Nights, he sometimes meets up with friends who also have nowhere that they have to be in the morning, and they share a few cheap beers.”

As always, IowaHawk was ahead of the curve. But if you’re bucking the trend, see Virginia Postrel.