"Straight A's: Public Education Policy and Progress" is a biweekly newsletter that focuses on education news and events both in Washington, DC and around the country. The following articles are included in this issue: (1) "Diplomas Count": Report Finds that 1.23 Million Students Will Fail to Graduate in 2008; (2) "The High Cost of High School Dropouts": Alliance Pegs Cost of 2008 Dropouts at $319 Billion; (3) "Making a Difference?": Urban Institute Report Finds Positive Results for Teach for America High School Teachers; (4) Education in '08?: Education Not an Issue During Primaries, but Signs Point to Higher Profile in McCain-Obama Matchup; and (5) The Continued Collapse of the Teen Job Market: Summer Employment Rates Among Teens Expected to be Lowest in Sixty Years of Counting.