Word: chancellor
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...merit pay in up to 150 school districts. Merit pay incentivizes good teaching and has great potential to improve underperforming schools. In many professions, a higher level of performance is rewarded with a higher level of pay, and teaching should be no exception. New York City’s Chancellor of Schools, Joel I. Klein, has already instituted a modified version of merit pay: The district gave $14.2 million in bonuses to schools that improved their performance in the 2007-2008 school year. A more effective system would be a hybrid model in which school-wide bonuses were complemented...
...deal, which prevents German taxpayers' money from disappearing into the GM's all but empty coffers in the U.S., was a lifeline few Germans had expected. In the past, Chancellor Angela Merkel's conservative CDU party has steered clear of state intervention in the economy. But as the global downturn took its toll on German firms and the financial crisis brought a few major banks to its knees, Merkel has embarked on a big U-turn. First, there was the bail-out of the property lender Hypo Real Estate, then the part-nationalization of Germany's second biggest bank, Commerzbank...
...Chancellor got her way. On Saturday, a beaming Angela Merkel held a news conference in Berlin to announce the breakthrough. There was no hiding her delight, and relief. "The deal is a real chance for Opel workers," Angela Merkel said. "The workers aren't responsible for this crisis. The mismanagement at GM in the U.S. was to blame," she said. (Read about Merkel in the TIME...
...effectively grabbed control of efforts to save GM's Opel and Vauxhall operations, which GM's board in Detroit this week centralized under Opel's control. But Belgium and the U.K. are no longer willing to just follow Berlin's lead. Politicians and union leaders there fear that Chancellor Angela Merkel, facing re-election in September, is preparing a deal that would save GM jobs in Germany at the expense of plants in their countries. (See 10 milestones on the road to GM's bankruptcy...
...Robertson has many credits to his name: he's the founder of the Christian Broadcasting Network (CBN) and host of its long-running show, The 700 Club; he's the chancellor of Regent University; and he's a onetime presidential candidate who challenged George H.W. Bush for the Republican nomination in 1988. Now Robertson has added another title: financial adviser. His latest book, Right on the Money: Financial Advice for Tough Times, draws on his own experiences and makes straightforward recommendations for financial planning amid economic turmoil. He talked to TIME about money, religion and politics...