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...from the German government. Buyers also get a break from paying road tax for at least a year. Similar scrapping schemes have been launched in recent months in France, Italy and Spain, while motor manufacturers in Britain are pleading with their government to follow suit. (See the 50 worst cars of all time...
...worst cars of all time...
...banks) and passed the cost on in the form of lower interest rates than on, say, an uninsured money-market account. That, plus the fear that panicked depositors could start a devastating run on the banking system, explains why we're going to continue to be protected. (See the worst business deals...
...performance-based bonuses. This is only fair: A higher quality of work should be rewarded with greater pay, just as it is in nearly every other career. Merit pay incentivizes greater teacher effort, encourages high-achieving college graduates to become teachers, and makes it easier to identify the worst teachers and fire them. This improves overall teacher quality and benefits students...
...Teachers’ unions have a vested interest in preserving the status quo. They fear that merit pay and charter schools will make teachers more accountable for their performances and put the unions’ worst members at risk of being dismissed. This perverse incentive has stymied Democratic politicians’ efforts at school reform for decades. But President Obama’s refusal to kowtow to a powerful lobby, even if it forms a strong base of support for his party, demonstrates his independence and desire to put campaign promises into action. This is encouraging for the state...