School's out forever.

Bill Gates to the nation's governors at the National Education Summit on High Schools: "America's high schools are obsolete." Some data points from Gates' keynote: The US has one of the highest high school dropout rates in the industrialized world. Only 68 out of every 100 ninth-graders graduate from high school on time, and most need extensive remediation after that. Only 28 of the original ninth-graders make it to their sophomore year in college. "When I compare our high schools to what I see when I'm traveling abroad, I am terrified for our workforce of tomorrow," said the Microsoft chairman, who is hiring about half of his new talent overseas.