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...that prompted Granholm, a Democrat, to seize control of Detroit's public schools in the fall of 2008 and then look for someone to fix them. After a wide search, she settled on Bobb, who had a reputation for restoring fiscal sanity to city governments - including managing public-school-system budgets. When Bobb arrived last spring, here's what he found: Contracts had been stuffed in office drawers. The district couldn't afford new books. Gas was siphoned between buses. The district had to borrow money to pay its employees. There wasn't even a chief financial officer managing...

Author: /time Magazine | Title: Can Robert Bobb Fix Detroit's Public Schools? | 1/25/2010 | See Source »

...hired Bobb as city manager and deputy mayor; he managed an $8 billion annual budget and some 20,000 employees. Three years later, he was elected president of D.C.'s board of education. After that experience, why would anyone want to take on the task of saving Detroit's public schools? "I wanted to go to an urban school district, the roughest and the toughest. Why? Because I understand the dynamics, the grit, the opportunities that are prevalent in urban America." (See pictures of the college dorm's evolution...

Author: /time Magazine | Title: Can Robert Bobb Fix Detroit's Public Schools? | 1/25/2010 | See Source »

...after 20 piano teachers were dismissed. "You go back to your apartment and think, How can you have a school of music without a piano teacher?" Bobb says. So he hired them back too. Barbara Byrd-Bennett, Bobb's chief academic officer and a former CEO of Cleveland's public schools, says she often greeted Bobb's proposed cuts with a single question: "Is this good for the kids?" (See the 25 best back-to-school gadgets...

Author: /time Magazine | Title: Can Robert Bobb Fix Detroit's Public Schools? | 1/25/2010 | See Source »

...found on Chicago's South Side. At the Ariel Community Academy, financial education starts in kindergarten with books like A Chair for My Mother (the moral: if you want to buy something, save money first) and quickly becomes hands-on. Each entering class at Ariel - a K-8 public school that has partnered with a local money-management firm since the mid-1990s - is entrusted with a $20,000 investment portfolio, and by seventh grade, kids are deciding what to buy and sell (profits help pay for college). Last year, for the first time, the eighth-grade class graduated with...

Author: /time Magazine | Title: How to Teach Kids About Money | 1/25/2010 | See Source »

...positive side, in 2009, scientists announced that they had developed the first vaccine to show any effect against HIV infection - although that effect is, by all measures, modest. The vaccine's ability to reduce the risk of new HIV infection 31% is nowhere near the 70% to 90% that public-health experts normally view as a minimum threshold for an infectious-disease vaccine. Even further behind in development, but still promising, are two new antibodies identified by a group of researchers working at a number of labs that, at least in a dish, seem to neutralize the virus and thwart...

Author: /time Magazine | Title: David Ho: The Man Who Could Beat AIDS | 1/25/2010 | See Source »

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