Word: moneyitis
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...classes in each school, each containing around $3,000 apiece. If the students maintain good attendance records and reach performance targets agreed upon with their teachers, reward payments will be added to their class account. But here's the catch: the students can't go and spend the money on a new iPod or an Xbox at the end of the year. Each account, which could reach a maximum of $15,000, can only be used to finance a school-related project or endeavor, such as a class trip abroad to improve foreign-language skills, computer equipment for the classroom...
...have denounced the measure as sending an unacceptable message to students about what education is about. "We strongly oppose the idea of remunerating students for having fulfilled the basic requirement of attending school," says Philippe Vrand, president of the Parents of Public School Students group. "We should spend this money making sure vocational students who wanted to learn cooking can get into those programs rather than being shunted into car repair because there was no room left. Instead, students are being paid off to compensate [for] their boredom." (Read "The Class: A Year in the Blackboard Jungle...
...with cash for improved test scores and enrollment in advanced-placement courses. In Britain, the Education Maintenance Allowance (EMA), which focuses on helping children from lower-income families, awards students with monthly payments if they've met attendance and performance targets. Like its U.S. counterparts, the EMA initiative puts money directly into students' pockets to spend as they wish. In the decade since it began, the program has reversed dropout rates by more than 2% annually. (Read "Can Arne Duncan (and $5 Billion) Fix America's Schools...
...inability of the Fed to raise rates along with the rest of the world is more bad news for the flagging dollar, and investors everywhere should pay attention. It now makes more sense to get out of the greenback and park money in higher-yielding currencies, since foreign-currency deposits will earn more in interest and could make additional foreign-exchange gains. Interest rates in Australia last week were raised a quarter point to 3.25%, and could go higher still. The unemployment rate Down Under recently fell to 5.7%, leading economists to expect another rate rise on Nov. 3. Meanwhile...
...Then again, the hypothetical Martian would also scratch his head at the notion of paper money. The dollar has no intrinsic value. It has become the world's storehouse of value because it is backed by the economic might of the U.S. If another super-economy emerges, be it the European Union, China, India, Brazil or Russia, then that new power's currency could replace the dollar as the world's reserve currency, just as the dollar replaced sterling in the last century. (See pictures of the best-selling cars in China...