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...even Korach will admit that the one major issue with relying on parents to help pay for school essentials is that itexacerbates inequities that already exist between well-off school districtsand those with lesser means. "We're not naive," he says. "You couldn't do what we do in other communities...

Author: /time Magazine | Title: Can a PTA Bake Sale Save a Teacher's Job? | 8/6/2009 | See Source »

...regulators and politicians are slowing the process, though, it doesn't mean there's no movement. The House, with its solid majority of Democrats and tight control by Nancy Pelosi and House Financial Services chief Barney Frank, is expected to move legislation early in the fall. Senator Chris Dodd, the Senate Banking Committee chairman, faces a tough re-election battle in 2010 and has every reason to push for a bill. His GOP counterpart, Shelby, is a potential obstacle, but aides say the 75-year-old Senator recognizes the need for change: no one wants a taxpayer-funded bailout like...

Author: /time Magazine | Title: Geithner vs. the Regulators: A Time for Swearing | 8/6/2009 | See Source »

...House of Representatives since 1971 and on the committee since 1974. When he rose to chairman in 2007, Rangel became the first African American ever to hold the position. "To be the chairman of the House Ways and Means Committee is probably as close to being a major figure in a European monarchy as we have to offer," says Ross Baker, a political-science professor at Rutgers University. "The chairman is subject to the largest numbers of entreaties and colossal deference because everybody has got a tax angle. It means you are paid court by every lobbyist in Washington." (Read...

Author: /time Magazine | Title: Charles Rangel: The Lion of Harlem | 8/6/2009 | See Source »

...tense meeting, first reported by the Wall Street Journal, took place at the Treasury department Friday afternoon and was attended by top regulators from all the major oversight bodies, including the FDIC, the Office of the Comptroller of the Currency, the SEC, the Commodities Futures Trading Commission, the Fed and others. As he talked about the state of the Administration's proposal introduced last spring, Geithner started swearing about the need for regulatory reform to move forward. "There was liberal use of expletives," says an official briefed on the meeting. "Obviously it made some people uncomfortable." (See 25 people...

Author: /time Magazine | Title: Geithner vs. the Regulators: A Time for Swearing | 8/6/2009 | See Source »

...Needless to say, rooms are in very tight supply during university terms, so time your visit with the major holidays, which last roughly from mid-June to mid-October, mid-December to mid-January and mid-March to mid-April. Accommodation can also be booked at Cambridge, Durham and Canterbury universities, among others. See www.universityrooms.co.uk for more...

Author: /time Magazine | Title: A Night at Oxford | 8/6/2009 | See Source »

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