Word: model
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Dates: during 2000-2009
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...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 a smaller raise. (Currently, the average teacher's salary in Washington...
...become unusually involved in local matters in Washington. "I am not saying that D.C.'s school system doesn't need a lot of help. But I have been part of a lot of reforms, and the one thing I have never seen work is a hierarchical, top-down model...
...even if that's not the case, selling after such a big drop makes no sense for most people. Dozens of studies have shown that if you wait for confirmation that a recession has ended before you buy, you'll all but miss the corresponding rebound in stocks. One model dating back to 1926 shows that a high-quality portfolio of just 60% stocks (and 40% bonds) returns an average of 11% per year in the first five years following a trough in the economy. That may be all you'll need to get even...
...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...
...says Elisabeth Pisani, an epidemiologist and former AIDS researcher in Indonesia. "This sort of nonsense is hardly worth commenting on from a public health point of view, but I think it might give pause for thought to those who are pushing rapid decentralization and local democracy as a development model [in Indonesia...