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...Opponents of Fairgrade counter that any move perceived as encouraging grade inflation could tarnish the school district's sterling reputation. Stuart Gibson, a Justice Department litigator serving his 14th year on the school board, voted for changing the grading system but will continue to oppose lowering the passing grade to 60. And he wants to maintain rigorous standards despite the three dozen e-mails he gets every day from Fairgrade supporters. He notes that in a neighboring district, 36% of students who graduated in June had a weighted GPA of 4.0 or higher. "I moved here from Minnesota...

Author: /time Magazine | Title: Virginia Parents Fight for Easier Grading Standards | 1/28/2009 | See Source »

...champion of financial deregulation. He played the leading role in writing and pushing through Congress the 1999 repeal of the Depression-era Glass-Steagall Act that separated commercial banks from Wall Street, and he inserted a key provision into the 2000 Commodity Futures Modernization Act that exempted over-the-counter derivatives such as credit-default swaps from regulation by the Commodity Futures Trading Commission (CFTC). (See who's to blame for the current financial crisis...

Author: /time Magazine | Title: Phil Gramm Says the Banking Crisis Is (Mostly) Not His Fault | 1/24/2009 | See Source »

...didn't this happen in Europe rather than here?" On derivatives he was a bit more nuanced: All he and the Clinton Administration were trying to do with the 2000 bill, he claimed, was establish that interest-rate and currency swaps - two relatively uncontroversial forms of over-the-counter derivatives - couldn't be regulated as futures by the CFTC. At the time, credit-default swaps weren't on the radar, and the bill didn't prevent the Securities and Exchange Commission or bank regulators from stepping in with new rules...

Author: /time Magazine | Title: Phil Gramm Says the Banking Crisis Is (Mostly) Not His Fault | 1/24/2009 | See Source »

...Received a B.A. from Bowdoin College (where he played on the basketball team) in 1954 and a law degree from Georgetown in 1960. In between pursuing his degrees, Mitchell enlisted in the army and served as a counter-intelligence officer in Berlin...

Author: /time Magazine | Title: Middle East Envoy George Mitchell | 1/22/2009 | See Source »

...which cops truly need guns to facilitate their duties. For example, in the Bay Area, transit police are employed to preserve the safety of transit riders. In the majority of cases, a gun might not be needed to fulfill this objective, as shown by this recent incident, guns may counter that purpose. Departments could, alternatively, become more stringent about the police’s freedom to use lethal force. Drawing a gun should be a very last resort—a tactic used when an officer’s life is at stake and shooting would be the only sufficient...

Author: By The Crimson Staff | Title: Policing the Police | 1/20/2009 | See Source »

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