Word: failed
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...thing in the coming years, it should be to eliminate the extreme variation in standards across America," he says. "I know that talking about standards can make people nervous, but the notion that we have 50 different goalposts is absolutely ridiculous." (Read "No Child Left Behind: Doomed to Fail...
...Duncan has a new arrow in his quiver. Buried in the President's stimulus package is a $4.35 billion "Race to the Top" education fund that the Secretary can use to give incentives to states that make "dramatic progress" in meeting goals that include improving standards. States that fail to give assurances that they will improve standards are at risk of losing education funding from other parts of the stimulus bill...
There are enough clever people in the Administration to know that more very large US companies could fail. How fast that will happen and how many will fail depends on factors from macroeconomic considerations to individual company debt service...
...correctly identify organic cotton as problematic in your article on ecological intelligence but fail to suggest the clear alternative: industrial (nondrug) hemp. The crop, which can be used as an alternative to cotton as well as a base for fuels and plastics, can grow with rainwater and requires no pesticides. The fact that the U.S., unlike most industrialized nations, continues to prohibit hemp deserves some serious attention in these dire times. Tim Mensching, New York City...
...firm can purchase a CDS on a company with which it has no direct relationship. Consequently, if a firm looks like it will fail, one can purchase a CDS on it so that when it collapses one receives the insurance payout. This incentivizes firms to work against each other and was one reason why Lehman Brothers collapsed. As the Financial Times asserts, “a house insured for more than its value is always considered a fire risk.” Healthy competition among banks is essential to a vibrant economy, but incentivizing the failure of banks...