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(I also find it interesting that you are seeing slipping standards, since you've been educated everywhere but The US.)
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UK public system is fucking awful in most places. Not much better in AU, the standard needed to pass and what is considered an A has been lowered and lowered (not to mention an 40% pass level) to a point where it's no longer funny. All day you hear our 'leaders' here crapping on about the need to move to a 'knowledge based economy' (I assume tertiary is too unusual a word for TV) and gutting the edu system in the same breath. Do not get me started on Blair and his fucking '1 in 2 students must go to uni' bullshit.