The ring was discovered not because any of the students reported it, but because the police caught a teenager from the school after he crashed while joy-riding a stolen car. (This is quite the delinquent school.) When police went through his phone, they found a nude photo of a teenage girl and launched an investigation into how it got there.

FORBES: Another Day, Another Group of Teen Girls Blackmailed With Nude Photos

Also within NAAG is something called the "milk fund" (named after a 1989 settlement of a school-milk case), where NAAG keeps money it gets from antitrust settlements.

FORBES: The House Tobacco Built

Albany, New York (CNN) -- An upstate school system apologized Friday after students got a writing assignment in which they were instructed to prove their loyalty to Nazi Germany by arguing Jews are "evil" and the source of that government's problems.

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Bringing attention to the story of a gay teenager who on her high school after they banned same-sex prom dates made her a compatriot of Miss Lady Gaga(7).

FORBES: Michelle Obama, Anna Wintour & Oprah��s Inner Circle of Power

McKinsey takes over in the following year, and we also start to see a lot of people staying in school after graduation (anyone remember the dot-com bust?).

FORBES: Connect

LITTLETON, Colorado (CNN) -- After word from the bomb squad that a suburban Denver high school was safe, investigators entered the building on Wednesday to collect evidence and photograph the scene of the rampage that left 15 people dead, including two teen-age suspects.

CNN: School cleared of bombs, investigators enter