Word: rids
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...point of the TARP in the first place? Where do we go now that Citi's been bailed out? Do toxic assets remain on other institutions' books? And if so, why? Is it too difficult for the government to price them and run the auctions that would get rid of them? So Tim, do us all a favor. Make two long, sober speeches: one explaining systemic risk, and one explaining, conceptually, what you will be up to once you take over at Treasury. The chuckleheads of American pop culture and political journalism be damned; these times - alas - demand seriousness...
Rhee is convinced that the answer to the U.S.'s education catastrophe is talent, in the form of outstanding teachers and principals. She wants to make Washington teachers the highest paid in the country, and in exchange she wants to get rid of the weakest teachers. Where she and the teachers' union disagree most is on her ability to measure the quality of teachers. Like about half the states, Washington is now tracking whether students' test scores improve over time under a given teacher. Rhee wants to use that data to decide who gets paid more--and, in combination with...
...Rhee: "There's no reason why an experienced, highly qualified and effective teacher shouldn't earn $100,000," he wrote. "There's just one catch. In exchange for more money, teachers need to become more accountable for their performance--and school districts need to have greater ability to get rid of ineffective teachers." Then, in a speech before the NEA in 2007, he endorsed merit pay, provoking scattered boos from the audience. Far more than Hillary Clinton, Obama seemed to be the Democrat for change in schools...
What would the great men of old Communist China think of the ones leading today's quasi-capitalist boom? "If Mao were alive, he'd get rid of them all," the Dalai Lama said to a gathering of his followers today. The line got a big laugh and signaled a more forceful tone in the Tibetan spiritual leader's approach to China...
...Citi has already asked the government to restrict short-selling (where investors borrow stock in hopes that the price will fall) in its shares. Executives hope that getting rid of the people rooting for the firm's demise could relieve some pressure on the company's shares. What's more, to close their positions, short sellers would have to buy the shares they borrowed...