Word: models
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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...
...practically a dirty phrase. One historian said those who believed in free enterprise were "a defeated party." With memories of the massive unemployment of the Great Depression still fresh, and the need to rebuild from the devastating war all-important, Europe moved toward a state-heavy "mixed" economic model. In the U.K., government leaders nationalized key industries and introduced national health care and other "welfare-state" programs. The "mixed" economy performed well for a while, but by the 1970s it had run into a wall. State-owned firms drained the national budget while inflation soared. In came Margaret Thatcher...
...citizens." This view evaporated as well, once Japan's economy stumbled in the 1990s. It became clear that government had contributed to the country's problems by messing around with market forces. "The debate that's been settled is the one over the superiority of the Japanese model of bureaucratic-led economic growth," wrote a columnist in The Wall Street Journal. "The bureaucrats lost...