This spring, millions of American high school students are taking the newly redesigned SAT, which was first administered in 1926. It’s just one of many types of tests Americans have devised to measure and sort ourselves. In this episode, the Guys delve into the history of testing in America, from duels and religious tests in colonial New England to the development of the civil service exam in the wake of President James Garfield’s assassination in 1881 by a disgruntled job seeker. They’ll also look at the role of eugenics in the development of standardized tests for students, and corporate America’s fondness for the Myers-Briggs personality test.
Paul Vigna, Stephen Grocer, John Carney and David Benoit talk the odds of a Fed interest rate hike in December. Plus, a look at the fate of Valeant Pharmaceticals after its CEO is forced to sell a huge block of his stock.