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...funds are disbursed, reflecting the frustration and anger of many members regarding the Treasury Department's handling of the funds. Still, many Democrats said on Monday that Obama's letter was not enough to convince them to vote against the resolution, which was filed by Senator David Vitter, a Louisiana Republican. Most fiscal conservatives, like Vitter, opposed the TARP from its inception, and even those who voted to pass it in September have insisted that something more than Obama's vague promises is needed to win their grudging support...

Author: /time Magazine | Title: Obama Urges Congress Not to Block the Bailout | 1/14/2009 | See Source »

...Louisiana Republican Senator David Vitter chimed in with concerns about the Clinton Global Initiative, which he noted was not covered by the disclosure requirements of the memorandum of understanding, and could therefore become a place for anonymous fundraising. (Foundation spokesman Matt McKenna says the Global Initiative is, in fact, in the process of being incorporated separately from the charitable foundation.) Hillary Clinton pointed out that all sponsors of the initiative are publicly disclosed. When asked by Senator Robert Menendez of New Jersey whether she had committed to continuing to disclose such sponsors in the future, Clinton said, "That's correct...

Author: /time Magazine | Title: A Blip in Hillary Clinton's Senate Lovefest: Bill's Donations | 1/14/2009 | See Source »

...According to a study released today by the social-policy research group MDRC, a nonpartisan organization perhaps best known for evaluating state welfare-to-work programs, cash incentives combined with counseling offered "real hope" to low-income and nontraditional students at two Louisiana community colleges. The program for low-income parents, funded by the Louisiana Department of Social Services and the Louisiana Workforce Commission, was simple: enroll in college at least half-time, maintain at least a C average and earn $1,000 a semester for up to two terms. Participants, who were randomly selected, were 30% more likely...

Author: /time Magazine | Title: Should Students Be Paid for Good Grades? | 1/14/2009 | See Source »

...Students offered cash incentives in the Louisiana program didn't just enroll in more classes; they earned more credits and were more likely to attain a C average than were nonparticipants. And they showed psychological benefits too, reporting more positive feelings about themselves and their abilities to accomplish their goals for the future. "It's not very often that you see effects of this magnitude for anything that we test," notes Thomas Brock, MDRC's director for young adults and postsecondary-education policy...

Author: /time Magazine | Title: Should Students Be Paid for Good Grades? | 1/14/2009 | See Source »

...those involved with the study note that particularly in this economy, cash incentives could help part-time students devote more hours to their studies. Faced with soaring bills for tuition, books and housing, many college students need a job just to get by. In the Louisiana program, all the participants were low-income parents, three-quarters of whom were unmarried or living without a partner. "We're talking about adults who have quite a number of other responsibilities," says Brock. "When you're talking about minors who are required by law to be in school, that's a different situation...

Author: /time Magazine | Title: Should Students Be Paid for Good Grades? | 1/14/2009 | See Source »

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