Word: shapely
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...Hess, who studies the Chicago system, has found that the policy against social promotion has instilled a new commitment to learning among those kids who scored well enough to be promoted. Indeed, opponents of social promotion argue that the simple fear of getting held back will motivate slackers to shape up, and that the number of retainees will accordingly dwindle. "We're not out to flunk kids," says school-board president Gery Chico. "We're out to improve kids...
Despite all that, the war on social promotion will probably continue, part of a politically popular get-tough approach that emphasizes accountability in schools as the best way to get them in shape. To its credit, Chicago has poured $50 million a year into programs that directly target retainees. But that money could just as well be spent on things like smaller classes, individual tutoring and improved teacher training without also flunking massive numbers. "Retaining students," Chicago education researcher Suzanne Davenport says, "is a blame-the-victim solution." But it will last as long as politicians continue to believe they...
...such developments are nothing compared with what's taking shape in the mutual-fund industry. Coming your way: intraday fund pricing and active trading of stock funds similar to what goes on daily with individual stocks. Already, mighty Fidelity Investments prices its 38 industry funds and their $20 billion in assets every hour, though it discourages frequent trades by assessing redemption fees. Virtually all other funds are priced just once a day, at the market close. But stepping up to twice-a-day pricing, at the least, seems likely. And with today's computing power, minute-by-minute pricing...
...their liberties, even they may lose it. On the night of his death, after returning from a tempestuous meeting of the Congress of People's Deputies, Sakharov told his wife Yelena Bonner, "Tomorrow there will be a battle!" That battle--at its core, the battle of individuals striving to shape their own destinies--must continue to be fought in the century to come...
...Babe Ruth--and then there was everyone else. In 1920, only his second season as an everyday player, he hit 54 home runs--more than any entire team in the American League. Within a few years, his assault on distant fences had bent baseball into a new and thrilling shape. His appetites were as prodigious as his home runs, his affinity for the crowd and the camera seemingly part of his dna. By the time he retired in 1935, Ruth had become, in the words of sportswriter Jimmy Cannon, "a national heirloom," a gift from one generation to the next...