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...funding plans. The issue heated up again in 1989, when Kentucky's supreme court found the state's funding system unconstitutional. Since then, courts have thrown out school-financing systems in 13 other states. Some, like New Jersey, remain perpetually mired, unable to arrive at a new formula, but most have begun emphasizing the notion of "adequacy," making sure each student receives a minimum spending level but allowing towns to collect extra funds for their own use. Vermont's supreme court, however, standing on the landmark 1954 Brown v. Topeka Board of Education decision, ruled that the state...

Author: /time Magazine | Title: Revolt Of The Gentry | 6/15/1998 | See Source »

...Robert C. Merton, Baker professor of business administration at Harvard Business School, is awarded the Nobel Prize in Economics for a formula that allows accurate calculation of certain financial risks...

Author: By Adam A. Sofen, | Title: 1997-1998 In Review | 6/4/1998 | See Source »

...will have to do what we have to do, whether we will or no, because we have been doing it already. What is the one thing that we have to do as one? There is nothing in a book to describe what it is. Nor is there a formula. But it exists. And we will find it, even if we do so by induction. It might be a many and not a one. But we are as many as we are one. One thing is for certain: it rests at a place where many different descriptions of it simply...

Author: By Jim Cocola, | Title: One Many | 6/1/1998 | See Source »

QUEST FOR CAMELOT (May 15). The Disney formula may have become predictable, but is it imitable? Warner Bros., with its first all-animated feature, hopes so. The film's troubled production history and its wan trailer suggest otherwise. The power-pop score and name-brand singers may make the CD a hit, leaving Camelot as its own ancillary marketing device...

Author: /time Magazine | Title: Cinema: Aieee! It's Summer!! | 5/11/1998 | See Source »

...cushy job on Broadway, but few new shows give these beguilers a chance to wrap their pipes around classic pop. Encores! does (though it pays just $700 a week for stars and chorus boys alike). "I love the concept," says Williams. "It doesn't have to be a formula hit, and it doesn't run for three years. You can take a risk...

Author: /time Magazine | Title: Theater: Strike Up the Band! | 5/4/1998 | See Source »

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