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David Glovin and David Evans report on "Tests that Fail" for the December issue of Bloomberg Markets. Their story exposes egregious faults in the $2.8 billion academic assesment industry. Regularly, the largest testing companies make errors in grading and scoring exams - from mistakenly failing over 4,000 aspiring teachers on the national Praxis exam to sending out over 5000 incorrect SAT scores. "One reason for the testing foul-ups and their dire effects is that there's no federal oversight of the testing industry."
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