Word: moneys
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Dates: during 1990-1999
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...stopped the railing against social promotion by politicians eager to burnish their credentials on public school reform. In January's State of the Union address, President Clinton drew bipartisan applause with his declaration that "all schools must end social promotion." Last month the White House proposed withholding federal money from states that don't come up with plans to end social promotion within four years. In Texas, G.O.P. presidential favorite George W. Bush made the ending of social promotion the centerpiece of his much praised education agenda. His state legislature is expected to approve a bill this month that will...
...that, the war on social promotion will probably continue, part of a politically popular get-tough approach that emphasizes accountability in schools as the best way to get them in shape. To its credit, Chicago has poured $50 million a year into programs that directly target retainees. But that money could just as well be spent on things like smaller classes, individual tutoring and improved teacher training without also flunking massive numbers. "Retaining students," Chicago education researcher Suzanne Davenport says, "is a blame-the-victim solution." But it will last as long as politicians continue to believe they need...
...painted as this unbelievably overaggressive woman who had this master plan--I guess it goes with the territory but it's a little disconcerting," says Dozoretz, who in March was named finance chairwoman for the Democratic National Committee and is running a nonstop schedule of big-money events. This week it's a planned roast at her home for Terry McAuliffe, the capo di tutti capi of Democratic fund raisers. At $25,000 a couple, the expected take: more than $3 million...
What's the point of paying a professional to manage your money when you can do just as good a job, if not better, on your own? That was the question Hillsboro, Ore., computer consultant Larry Taylor, 40, and his friends asked themselves three years ago. Sick of sitting on the sidelines of a raging bull market, watching individual stocks skyrocket as their mutual funds crawled along, Taylor's crew decided to take matters into their own hands. Pooling assets, they chose a diversified portfolio of tech, pharmaceutical and manufacturing stocks and have enjoyed 30% annual returns ever since...
...from bellhops to biologists following every blip in the Dow on cable-TV channels and financial websites, passive investing is starting to become passe. "Everybody's an expert," grumbles a high-ranking executive at one fund company--a reference to the growing legion of e-traders who are sucking money from money managers at a rate that is starting to test their nerves. Sure, the $5.9 trillion fund industry is still chugging along quite nicely. But after a decade of explosive growth, it seems poised for a shakeout, as too many stock funds (about 3,500 at last count) scramble...