Word: openings
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Dates: during 1980-1989
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Koskotas' first ambition, he says, was to enlarge the Bank of Crete. Private banks routinely had to wait at least a year for authorization to open a single branch. But the Bank of Crete opened about 50 branches in four years, and licenses were granted for an additional 20. Sure of his political shield, Koskotas was unafraid to violate banking laws and withdraw huge sums of cash at will. If Koskotas worried aloud about audits, Papandreou was always reassuring. "So long as I am here," Koskotas says Papandreou told him, "you never have to worry...
...logic of capitalism assumes knowledgeable, reasonably intelligent people on both sides of the transaction. Is this where the kidney trade falls short? At $4,400, the poor Turk was probably underpaid for his kidney. But in an open, legal market with protections against exploitation, he might have got more. At some price, the deal would make sense for almost anyone. I have no sentimental attachment to my kidneys. Out of prudence, I'd like to hang on to one of them, but the other is available. My price is $2 million...
...biggest backers of choice is George Bush, who has called it a "national imperative." Choice, as Bush uses it, focuses on two major plans: magnet schools and open enrollment. In his budget address last month, the President proposed that Congress authorize $100 million annually to develop magnet schools, so called because they attract students by developing specialties in areas like drama, creative writing, science and math...
...Open enrollment, the more common type of choice program, requires no federal dollars. States, cities and school districts simply give parents permission to move their children from schools they do not like to ones they do. Under some open-enrollment plans, parents are limited to the choices located in their district; under others, they can select from among schools in neighboring districts as well. In either case, the desire for racial balance can restrict the choice of schools...
Minnesota, which has a small minority population, started the nation's first statewide open-enrollment plan this school year. So far, 435 students have transferred out of their home districts, taking $2,755 per pupil in state-tax revenues to their new destinations. More than 2,500 others have applied to cross district lines starting in September. In racially divided Massachusetts, however, a similar proposal has run into strong opposition from minority groups. Magnet schools often fare better. Since 1974, such facilities in East Harlem have lured thousands of students into the district and boosted its rank in reading scores...