Word: publics
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...challenge has come not from privatization - but in the form of public charter schools, in which individual entrepreneurs are chartered by states to create their own schools, according to their own visions. Not surprisingly, those visions usually don't include the workplace straitjacket that comes with unionization. The successful charters usually have longer school days and years, more intense efforts to guide student behavior, more creative or theme-oriented curriculums and more aggressive evaluation of teachers. Not all these schools work. Indeed, it can be argued that most states have been too slow to close down those that...
...modest shifts in the Administration's finance policies. Even the rhetoric is familiar: Obama took periodic swipes at "outrageous" bonuses and "fat-cat bankers" throughout his first year in office. But the latest bank-bashing does indicate a new strategic approach to his second year, inspired by the same public wrath that produced Brown's upset. As the White House shifts its top legislative priority from health care reform to financial reform, it is hoping to avoid the mistakes of the health effort that have left Obama and the Democratic Party on the wrong side of a grumpy public...
...That means more populism and confrontation, less deference to Congress. It's a shift from an inside game to an outside game, from passive leader of a divided party to active agitator for change. The idea is to take an uncompromising stand, make a clear case to the public and then force lawmakers to choose sides - as opposed to announcing general principles, letting Congress hash out its own details at its own pace and then desperately cutting deals to try to cobble together 60 Senators...
...subprime mortgages with brutal fine print to in-the-tank ratings agencies that vouched for house-of-cards financial instruments they didn't even understand. He proposed much tougher oversight of derivatives, hedge funds and nonbank financial firms like AIG, as well as so-called resolution authority to help public officials wind down failed behemoths like Lehman Brothers during a crisis without triggering a panic. Geithner then shipped hundreds of pages of legislative language to the Hill...
...banks that threatened the financial system, the former Fed chair said, "I'm out of vogue right now in the White House ... but I agree." Volcker secured his walk-on-water reputation by taming runaway inflation in the late 1970s, jacking up interest rates and ignoring intense public pressure to reverse course. His grandpa-in-the-attic status in Obamaworld seemed to suggest an Administration too cozy with the Street...