The tension at the heart of pension politics is the incentive to satisfy today's claimants in the here-and-now at the expense of long-term concerns. Rules and auditing standards are intended to tame this kind of short-sighted behavior in the private sector. In the public sector, the primary safeguard is the hope that public officials will not be…

New Jersey's community colleges started in the late 1960s in the more populous, relatively well-financed counties. Of the original group of faculty members, many were drawn from high schools with several years of teaching experience, others had practical business experience in their field of expertise, and still others were recruited out of…