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...Klein’s model, rather than appropriate bonus pay to individual teachers, schools that have made progress on their report cards over the last year will receive lump sums of money to distribute however they see fit. The bonuses—which total $14.2 million overall—amount to several thousand dollars per school, adjusted based on what percentile of its goal for progress the school has achieved. Most schools have elected to divide the bonus equally among all teachers, acknowledging that a student’s performance depends on a number of factors—from previous...

Author: By The Crimson Staff | Title: Extra Credit | 9/24/2008 | See Source »

...years, however, would prove the SAT to be anything but neutral. A good SAT score has always added sparkle to the resumes of the most affluent college applicants, while casting a shadow onto those from less privileged backgrounds. The SAT at times seems almost directly proportional to the amount of money one’s parents make. Among test-takers in 2008, for instance, those whose family incomes were above $200,000 averaged 570 in SAT math, while students with family incomes below $20,000 had an average score of 456. A commission of prominent college admissions figures?...

Author: By The Crimson Staff | Title: UnSAT | 9/24/2008 | See Source »

...buying assets and from whom to buy," Paulson said Tuesday. "We do not know exactly what the best design is." But it's leaning toward conducting "reverse auctions" in which the Treasury would, for example, buy $1 billion in bad mortgages from whichever institution would take the least amount of money for them. On the other hand, the Treasury initially asked for a virtual blank check in how it would conduct the bailout, including guarantees that no court or other monitors could second-guess their actions. That provision, not surprisingly, has became a major bone of contention in Congress...

Author: /time Magazine | Title: 7 Questions About the $700 Billion Bailout | 9/24/2008 | See Source »

...direct question? As head of Goldman Sachs you played a very central role in building up and operating within this shadow banking system, including placing a fair amount of housing debt from Fannie...

Author: /time Magazine | Title: Q&A: Secretary of Treasury Henry Paulson | 9/24/2008 | See Source »

...space mission as a welcome fall extension of its Summer Olympic glory. "When combined with a successful Olympics, it becomes very difficult for China to be [seen] as a developing country," says Yan Xuetong, director of the Institute of International Studies at Tsinghua University in Beijing. "With the huge amount of money spent and the high-tech capacity, the two things will make the world believe that China is a developed country, not a developing country...

Author: /time Magazine | Title: China's New Venture in Space | 9/24/2008 | See Source »

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