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...public schools in the fall of 2008 and then look for someone to fix them. After a wide search, she settled on Bobb, who had a reputation for restoring fiscal sanity to city governments - including managing public-school-system budgets. When Bobb arrived last spring, here's what he found: Contracts had been stuffed in office drawers. The district couldn't afford new books. Gas was siphoned between buses. The district had to borrow money to pay its employees. There wasn't even a chief financial officer managing the system's $1.3 billion annual budget. "Detroit is unlike anything...
...financial-literacy movement has gained steam over the past decade, scores have been falling on tests that measure how savvy students are about things such as budgeting, credit cards, insurance and investments. A 2008 survey of college students conducted for the JumpStart Coalition for Personal Financial Literacy found that students who'd had a personal-finance or money-management course in high school scored no better than those who hadn't. (See pictures of the college dorm's evolution...
...promising example of new thinking is found on Chicago's South Side. At the Ariel Community Academy, financial education starts in kindergarten with books like A Chair for My Mother (the moral: if you want to buy something, save money first) and quickly becomes hands-on. Each entering class at Ariel - a K-8 public school that has partnered with a local money-management firm since the mid-1990s - is entrusted with a $20,000 investment portfolio, and by seventh grade, kids are deciding what to buy and sell (profits help pay for college). Last year, for the first time...
...earth? Could be: Eli is the Semitic word for a supreme being. He says that after the big flash, a voice told him to take the Bible and go West, so he might be Brigham Young leading the Mormons to Utah, or any number of cult leaders who found acolytes in California. Eli could also be a jihadist, using a holy book as his moral cue to annihilate the infidels. He acknowledges that the Bible can work on men in tonic or toxic ways: "Some people said this was the reason for the war in the first place...
...California's law is found to violate the 14th Amendment (which guarantees due process and equal protection), it could threaten anti-gay-marriage statutes well beyond the Golden State. Since November, laws supporting same-sex unions have passed in Washington, D.C., but have been defeated in Maine, New Jersey and New York. Whichever way the decision goes, an eventual appeal to the U.S. Supreme Court is a virtual certainty...