Word: milken
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...Madonna and Martha Stewart love it, as do Barack Obama, Bill and Hillary Clinton, Keanu Reeves and "Junk Bond King" Michael Milken, who organized a Scrabble tournament in the early 1990s at the white-collar prison where he was serving time for securities fraud. Even Queen Elizabeth II is a fan, perhaps in part because her first son was born the very same year that "Scrabble" became a trademark. (That coincidence did not go unnoticed in Britain. An artist commemorated the 60th birthday of Prince Charles and the board game by creating a portrait of the Prince entirely composed...
...pardons--most of them to people convicted of crimes like tax evasion, drug offenses and fraud. The coming end of his term has led to speculation as to whether Bush will consider higher-profile petitions, including requests from disgraced former Olympian Marion Jones and "junk-bond king" Michael Milken...
...Another impressive model is the Teacher Advancement Program, or TAP, created by the Milken Family Foundation in 1999 and now in place in 180 schools in 14 states and Washington. TAP is more than a merit-pay program. At TAP schools, some of which are unionized, raises are based on the teachers' performance-which is measured by a combination of structured observations made four to six times a year and student test results, using a Sanders-style value-added formula. The best TAP teachers can climb the professional ladder in three ways: remaining in the classroom but becoming a mentor...
...life is improving. The rate of chronic disability among those over 65 has plunged to less than 20% from more than 26% two decades ago. The number of nursing homes and their occupancy rates declined over the 10 years ending in 1995, even as the population aged, according to Milken Institute Review. We're more educated than ever--and good health and education go hand in hand. For example, only 8% of Americans who have gone to graduate school smoke, compared with 34% of high school dropouts...
...Harvard is encouraging its faculty to become more entrepreneurial, especially as the University tries to catch up with peer institutions that earn hundreds of millions of dollars a year off professors’ patents. A study by the Milken Institute last year ranked Harvard 18th among North American research universities in “technology transfer,” the process of converting research advances into revenue-generating innovations...