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...equally over the area's 13 schools through an agreement between the foundation and the district. Lake Oswego, an affluent bedroom community outside Portland, is able to leverage the wealth of its parents to help its 13 schools. "Our parents are willing to step up and provide money," says Bill Korach, Lake Oswego district superintendent. "But we are just trying to survive here. We're not doing any school maintenance. We're not buying any additional textbooks." And this, he says, comes after the district had to cut 20 teaching positions...

Author: /time Magazine | Title: Can a PTA Bake Sale Save a Teacher's Job? | 8/6/2009 | See Source »

...majority of Democrats and tight control by Nancy Pelosi and House Financial Services chief Barney Frank, is expected to move legislation early in the fall. Senator Chris Dodd, the Senate Banking Committee chairman, faces a tough re-election battle in 2010 and has every reason to push for a bill. His GOP counterpart, Shelby, is a potential obstacle, but aides say the 75-year-old Senator recognizes the need for change: no one wants a taxpayer-funded bailout like TARP to be the answer every time there's a crisis. And it may be the best opportunity Shelby...

Author: /time Magazine | Title: Geithner vs. the Regulators: A Time for Swearing | 8/6/2009 | See Source »

Charles Rangel was pacing outside a congressional meeting room where members of the House of Representatives were haggling over the health-care bill. Inside, a boiler-room atmosphere had developed: no one was allowed to leave for anything other than a bathroom break or a vote until committee members came up with a way to pay for the health-care legislation that was being hammered out in Congress. Maintaining his usual sartorial discipline, Rangel was wearing a pearl gray suit with a checkered tie and gold tiepin; a crest of gray hair was slicked neatly over...

Author: /time Magazine | Title: Charles Rangel: The Lion of Harlem | 8/6/2009 | See Source »

Regulatory reform has been a relatively low-profile issue for the Administration, compared with health care, the stimulus bill and cap-and-trade legislation. But substantively, Obama and Geithner's proposal has the potential to dramatically change the way America does business. The two men have proposed creating a consumer-financial-protection agency that would have broad power to police financial firms by, for instance, ensuring they are complying with rules protecting consumers from things like predatory lending and deceptive practices. Geithner also wants to consolidate the work of some of the regulators, in particular giving broad new authority...

Author: /time Magazine | Title: Geithner vs. the Regulators: A Time for Swearing | 8/6/2009 | See Source »

...Hillary Clinton, has left the door open to the possibility of re-engaging Washington in talks - though not in the so-called six-party format, which includes all of North Korea's direct neighbors, that Obama favors. "We must pay keen attention to what signal North Korea sent to Bill Clinton," says Yun Duk min, a professor at a think tank affiliated with the South Korean Foreign Ministry. "A key to break the stalemate may lie in there." (See pictures of North Koreans going to the polls...

Author: /time Magazine | Title: Can Clinton Reverse the U.S.–North Korea Downward Spiral of Diplomacy? | 8/5/2009 | See Source »

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