Word: localism
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Three other nations on the fringe of the euro zone--Portugal, Ireland and Spain--are caught in the undertow of Greece's crisis. All three have displayed better fiscal behavior than Greece, but they suffer from the same disconnect between their dire local economic conditions and the monetary policymakers in Frankfurt with other things on their minds. Meanwhile, a core euro-zone country, Italy, has also fallen out of favor with investors because of its high government debt. In a sure sign that these troubles are serious, market analysts have assigned them a catchy acronym: PIGS, for Portugal, Ireland, Greece...
...survive. Parents were told their children would be cared for and schooled in the Dominican Republic; the families could even visit. "If someone offers to take my children to a paradise," a mother told the New York Times, "am I supposed to say no?" Silsby was warned by local officials about obtaining proper papers, and by that mark alone, her behavior was criminal. But it was also criminally naive...
Money is fleet and nimble. The very thing that makes it unsatisfying to give makes it powerful to deploy. It can turn into anything--a water bottle, a prefab house, a tetanus shot, a biscuit. It lets relief agencies buy locally whenever possible, supporting local markets for products that are culturally and environmentally right. In the past decade, accountability has become a watchword of relief agencies around the world, with new guidelines to help donors know that their aid won't be wasted. Give money, Presidents Bush and Clinton implore, and by implication, leave the rest to professionals...
...school's walls are graffiti-free, test scores have increased dramatically, and packages are presumably being delivered on time. If this sounds like an entirely different school, that's because it basically is. In fall 2006, the School District of Philadelphia gave the building over to Mastery, a local operator of charter schools - that is, ones that are publicly funded but privately managed. The adults left, the kids remained, and the once failing school has been turned around...
...neighborhood activists erupted in outrage with each closing, claiming that the system was giving up on their kids, disrespecting teachers and dismantling an integral part of the community. Violence flared when students from rival neighborhoods were thrown together. After a few years, Duncan switched tacks, keeping kids in their local schools but replacing teachers and staff. (See the best pictures...