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...several amorphous estimates about people who work in fields related to the car companies. That could be industries as diverse as restaurants in Detroit and airline that fly there. It is probably safe to say that close to a million jobs are in jeopardy if the two car companies lose their independence. (See pictures of Detroit's decline...

Author: /time Magazine | Title: Chapter 11 Still Not an Option for Government | 3/30/2009 | See Source »

...rise into the trillions of dollars, the consequences will be a depression which will last for several years and put more millions of Americans out of jobs. The U.S. tax base will be ruined, which will cause huge deficits because of rapidly falling IRS collections as corporations and individuals lose their ability to create income. Even if government keeps expenses as they were last year, the budget deficit will balloon and the Treasury will have to issue more debt to cover the difference...

Author: /time Magazine | Title: The G-20 Summit: Obama Can Stay Home | 3/30/2009 | See Source »

...manner in which teachers are laid off—as dictated by the California Education Code, teachers are fired based on seniority, so that the last hired are the first to go. This system of indiscriminately cutting from the bottom up means that schools are likely to lose many of their bright, young, and energetic teachers, to the detriment of their students...

Author: By Adrienne Y. Lee | Title: Scalpels, Not Hatchets | 3/30/2009 | See Source »

...other profession would it be considered acceptable to fire employees solely for being new at the job or exploring time off, regardless of their job performance. Indeed, research consistently reaffirms the strong connection between teacher quality and student achievement; schools cannot afford to lose effective teachers because of seniority rules. Moreover, because teacher pay is also related to seniority—and recent hires have the lowest salaries—cutting only the newest hires means that school districts must lay off more teachers in order to balance their budgets, further straining school resources and driving up class sizes...

Author: By Adrienne Y. Lee | Title: Scalpels, Not Hatchets | 3/30/2009 | See Source »

...states and heavily backed by teacher’s associations—are common but flawed practices. Those fired are most often young teachers who have missed out on tenure opportunities. Experienced teachers who take time off to pursue other projects are also penalized by the system because they lose seniority when they leave a school district. At a time when the president is calling on more Americans to enter the teaching profession, this apparent dispensability is extremely demoralizing; it makes little sense to discourage new teachers by putting them in such a precarious position...

Author: By Adrienne Y. Lee | Title: Scalpels, Not Hatchets | 3/30/2009 | See Source »

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