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...Obama, in his State of the Union address, called jobs his "No. 1 focus" and proposed repurposing bank-bailout money to lend more to small businesses, which would then, presumably, generate jobs. On March 17, Congress passed a job-creation bill that includes, among other things, an estimated $13 billion worth of tax incentives to coax companies into adding to their payrolls. (See 10 perfect jobs for the recession...
...That prime-the-pump logic is also behind the use of the government to create demand - what we know as stimulus spending. Last year's $787 billion American Recovery and Reinvestment Act has received its fair share of criticism for funds being dispersed too slowly and for not doing enough to stem unemployment. But in Austin, Bruce Matous has a different point of view. "This saved my family business," says the president of Matous Construction...
...plan also needs to be more explicit about what should happen to persistently failing schools. While the $4 billion federal Race to the Top competition, which began in 2009, gives states incentives to close schools after all other strategies to improve achievement have failed, Obama's new proposal is more ambiguous. It will permit states to shy away from making these tough choices - even though replacing failing schools can transform entire districts. In New York City, we've phased out more than 90 schools during the past seven years; these decisions haven't been politically popular, but the schools that...
...NCAA thinking about tinkering with its beloved, billion-dollar basketball spectacle? The organization is investigating the possibility of expanding the tournament field to as many as 96 teams as early as next year (for you non-bracketheads out there, 65 teams play in the current field). Within basketball circles and among cubicle dwellers who relish filling out their brackets for the ubiquitous office pools, chatter about a broader tournament is dominating the discussion. "Absolutely, it's hot," says Phil Martelli, head basketball coach at St. Joseph's University in Philadelphia, of the expansion issue. "Very hot." (See a brief history...
Despite the priority Shaheen places on those objectives, money is the main driver for a bigger tournament. The NCAA is finishing up the eighth year of an 11-year, $6 billion contract with CBS, which broadcasts the tournament. After this season, the NCAA can opt out of the deal and seek new television partners. Knowing that they might not be able to secure a hefty rights fee for a new deal in a shaky economy, the extra games could secure additional revenue for the schools - NCAA members share the tournament revenue whether they play or not, so more games enlarges...