Word: plan
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...idea behind La Entrada al Pacifico (Corridor to the Pacific) is to ease overconcentration of Asian trade in Southern California by diverting goods to a port in western Mexico and transporting them to Midland. Marfans see a plan that could fill Midland's pockets but potentially devastate Marfa's culture, lifestyle and economy, based in large part on tourism thanks to Marfa's proximity to Big Bend National Park and its reputation as an artists' haven (artists and galleries have been a fixture in town since celebrated sculptor Donald Judd relocated here from New York...
Residents do have hope. The arrival of massive numbers of 18-wheelers depends on Mexico's infrastructure. So far, work on the trans-Mexican highway hasn't broken ground, and the port in western Mexico needs repair. The results of a government-funded study about how well the plan would work for West Texas will be released soon. But for the locals who see this land as a refuge--and, on occasion, a Hollywood backdrop--the decision to build or not to build isn't even a question...
...stained crimson. Start with stocks. They have been pummeled this year. GDP braked sharply last quarter, and there has been plenty of panic about a recession. The Federal Reserve is slashing short-term interest rates at the fastest clip in decades. But if you stick to your steady, diversified plan while everyone else is retreating, you will be happy years from now. For one thing, Fed rate cuts always lift the economy eventually, and the stock market typically starts responding just as headlines get gloomiest. Sure, the market could fall again before recovering. But the recession may be half over...
...There's little research on what makes for a successful merit-pay system, but several factors seem critical, says Matthew Springer, director of the National Center on Performance Incentives at Vanderbilt University. Denver's program includes many of them: a careful effort to earn teacher buy-in to the plan, clarity about how it works, multiple ways of measuring merit, rewards for teamwork and schoolwide success, and reliable financing. In fact, Denver's voters agreed to pay an extra $25 million a year in taxes for nine years to support the program...
...very 21st century conundrum: how can modern, open democracies provide basic homeland security in a world with nearly limitless mobility? On Wednesday, the European Commission tried to answer that by unveiling a border management plan calling for fingerprinting all foreign visitors to the European Union...