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...Gist: Kudos to California! On July 20, the Golden State finally cobbled together a plan to bridge its $26.3 billion budget gap, leaving North Carolina, Connecticut and Pennsylvania as the only states that have not yet reached an agreement. But before lawmakers start slapping backs, they should know that next year's budget crunch could be even tighter. Thanks to dwindling revenues, paltry collection rates and the economic storm soaking taxpayers, the $142.6 billion budget shortfall that states faced during the 2009 fiscal year is but one hurdle in a longer financial gauntlet, according to this bleak assessment from...
...Gist: Narrowing the persistent gap in achievement between white and minority students is one of the toughest challenges in education. In its first major report during the Obama Administration, the Department of Education offers one of the most comprehensive looks yet at the achievement gap between white and black pupils, based on the National Assessment of Educational Progress. The NAEP (pronounced nape) is a federal standardized test - known as "the nation's report card" - administered to fourth- and eighth-grade public-school students in reading and math. The state-by-state results show clear evidence of a continued problem: black...
...Gist: It's rare that a summer intern gets to author a report under the masthead of Morgan Stanley. But such is the luck of Matthew Robson. When the research arm of the vaunted financial giant asked the 15-year-old Brit to explain exactly how teenagers are using all these shiny new gadgets like cell phones, video games and the Internet, Robson gave them a concise summary that's impressive coming from a teen - but not exactly groundbreaking. Except, perhaps, to the financial set: an inexplicably enthused Morgan Stanley published Robson's anecdotes online under the lofty title...
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