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...Schools system. His teacher had given him the address, which was on the chancellor's home page. He was nervous when he hit SEND, but the words were reasonable. "Computers are slowly becoming something that we use every day," he wrote. "And learning how to use them is a major factor in our lives. So I'm just bringing this to your attention." He didn't expect to hear back. Rhee answered the same day. It was the beginning of an unusual relationship...
...VIEW OF RHEE AND REFORMERS like her, the struggle to fix America's failing school system comes down to a simple question: How do you get the best teachers and principals to work in the worst schools? In her quest to figure this out, Rhee has already suffered a major setback. Earlier this year, she proposed a revolutionary new model to let teachers choose between two pay scales. They could make up to $130,000 in merit pay on the basis of their effectiveness--in exchange for giving up tenure for one year. Or they could keep tenure and accept...
...starters, prices are being slashed on everything. And if the current malaise drags on, it will take a major bite out of inflation - one that could literally offset the decline in your portfolio. "The real enemy of retirement is inflation," notes Fisher. He points to this model: Say you have a $2.5 million nest egg that is growing 7% a year. In one scenario, you have no extraordinary economic events and normal long-term growth that produces inflation of 4% a year as you age from 65 to 95. In the second scenario, a severe recession knocks your portfolio down...
...thinking big," he said. His plan involved transporting them on his bicycle, which I feared might smear some of the pretty designs I was planning for the buttercream frosting. But Freddy said he couldn't afford a car yet. He also needed cement to cover his dirt floor and major roof repairs. I decided I was more the flavor-idea...
President-elect Obama did not list education among the top three priorities of his new Administration. Certainly, the economy is job No. 1, but to make the economy grow again and to sustain America's leadership in the world, education must become a major focus. A good education has been the greatest antipoverty program in U.S. history--and Obama himself is a prime example of it. More than factories or financial institutions, our greatest capital is human capital: the American people. It is hard to sustain American greatness when only three-quarters of our children are graduating from high school...