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Keyword: educationfunding

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  • Video: Why California really, really needs Race to the Top funds (hilarious video!)

    Item: California may not get to participate in President Obama’s Race to the Top education grant system because the state bars school districts from using student testing data in teacher evaluations:
  • Larry Summers and The Financial Crisis at Harvard

    07/23/2009 4:12:33 AM PDT · by FromLori · 16 replies · 1,481+ views
    Economic Policy Journal ^ | 7/22/09 | Robert Wenzel
    At Harvard University, they have lowered thermostats during the winter months from 72 degrees to 68 degrees. Hot breakfasts are no longer served on weekdays at undergraduate residential houses. Instead of bacon, poached eggs, and waffles, students have to get by on cold ham, cottage cheese, cereal, and fruit. These are just some steps Harvard is taking to battle serious financial problems. Part of the blame belongs to President Obama's top economic adviser Larry Summers. In a story for Vanity Fair, Nina Munk details the crisis. Harvard College, the Graduate School of Arts and Sciences, and the School of Engineering...
  • Beck: Obama to outlaw private college loans

    07/22/2009 3:22:20 PM PDT · by pabianice · 22 replies · 1,121+ views
    Glen Beck Show | 7/22/09
    Another Obama goodie. Beck had a guest on who explained that Obama is having legislation created that will outlaw any government-insured college loans from private banks and other organizations. Government insurance on the loan will be restricted to education loans from Obama's people. The student, upon graduation, can have the loan forgiven if he/she works for the government for at least ten years. IOW, Obama is using his power to control who goes to college, what they study, and then makes them work for the government after graduation. Speechless.
  • Former CEO of Charter School Pleads Guilty in Fraud Case

    07/21/2009 3:34:14 PM PDT · by Larry381 · 1 replies · 372+ views
    Department of Justice ^ | July 20, 2009 | United States Attorney's Office Eastern District of Pennsylvania
    PHILADELPHIA, PA—Kevin O’Shea, 50, of Philadelphia, pleaded guilty today to mail fraud, theft from a federally funded program, and filing a false tax return, stemming from his role in defrauding the Philadelphia Academy Charter School (“PACS”), announced United States Attorney Michael L. Levy. O’Shea admitted to stealing between $400,000 and $1 million from PACS by: (1) using approximately $710,000 in PACS’ funds to purchase a building in the name of his purported non-profit business; (2) demanding kickbacks from PACS vendors; (3) submitting for reimbursement at least $40,000 in fraudulent invoices for personal meals, entertainment, home improvements, and gas and telephone...
  • Calif. Budget Talks Stall Over Education Funding

    07/16/2009 2:51:22 PM PDT · by BenLurkin · 2 replies · 303+ views
    ap cbs ^ | Jul 16, 2009 1:12 pm US/Pacific
    Foiled by a dispute over education funding, Gov. Arnold Schwarzenegger and legislative leaders remain at odds over how to close California's $26.3 billion budget shortfall. After hours of talks with the Republicans and the governor, Democrats said late Wednesday that talks were stalled over how to repay California schools $11 billion once the economy bounces back. Lawmakers intended to return to closed-door talks Thursday, although they had not set a time. "When times get better, we want to guarantee that education and kids get paid back the money that they are owed," said state Senate President Pro Tem Darrell Steinberg,...
  • Obama: Community colleges can help boost ailing economy (Econ 000)

    07/14/2009 3:45:35 PM PDT · by Oldeconomybuyer · 11 replies · 526+ views
    CNN ^ | July 14, 2009 | By Dan Lothian
    (CNN) -- Community colleges are only two-year institutions, but the Obama administration says they could play a key role in helping boost the ailing economy for years to come. "Instead of lining the pockets of special interests, it's time this money went toward the interest of higher education in America," he said
  • Obama Wants $12 Billion For 2-Year Colleges [Another Pay-Off]

    07/14/2009 9:31:37 AM PDT · by Steelfish · 10 replies · 374+ views
    SFChronicle ^ | July 14, 2009
    Obama Wants $12 Billion For 2-Year Colleges By DARLENE SUPERVILLE, Associated Press Writer Tuesday, July 14, 2009 President Barack Obama is proposing a multibillion-dollar investment in the nation's community colleges, a $12 billion effort to help the two-year institutions reach, teach and train more people for "the jobs of the future." Obama was outlining his four-part program in a speech Tuesday afternoon at Macomb Community College in Warren, Mich. Under the initiative, schools could qualify for "challenge grants" so they'll have money to try new programs, or expand training and counseling. Dropout rates would be addressed by designing programs to...
  • Obama to pump money into community colleges ($12 BILLION)

    07/14/2009 10:42:12 AM PDT · by pissant · 21 replies · 512+ views
    Fox ^ | 7/14/09 | staff
    This afternoon in Michigan, President Obama will announce a new $12 billion, ten-year initiative to improve the nation's community college success and graduation rate. That hefty price tag is sure to stoke some anger on the Hill. Deputy Undersecretary of Education Bob Shireman explains the financing this way, "This would be fiscal year [20]10 money and, assuming that congress does this in the reconciliation bill that will be considered over the next few months, it would be in the first six months of next calendar year." Shireman adds, "Our hope is to include it in a balanced piece of legislation...
  • Youth Hit Hard By Lack Of Jobs, School Grants [Obama Voters]

    07/12/2009 7:14:00 PM PDT · by Steelfish · 40 replies · 1,671+ views
    SFChronicle ^ | July 12th 2009
    Youth hit hard by lack of jobs, school grants Carolyn Jones, Chronicle Staff Writer Sunday, July 12, 2009 Jordan Atkinson had all the trappings of a typical Marin County childhood. He lived in a big house in Novato, played Pop Warner football, spent weekends with friends listening to hip-hop. Now, three years out of San Marin High School, Atkinson is homeless, a casualty of the recession. "I was spoiled. I had a lot of things easy," Atkinson said recently while drinking a smoothie at a Novato cafe, taking a break from job applications and college forms. "Now, unless someone physically...
  • California Delays $4 Bln Education System Payment

    07/10/2009 2:06:16 PM PDT · by Kartographer · 2 replies · 399+ views
    FOX Business News ^ | 7/10/09 | Stacey Delo
    California delayed a $4 billion payment to its Department of Education system on Friday as the state continues to struggle with a budget shortfall of more than $25 billion. The payment, known as the Principal Apportionment, is the largest annual payment of state funds to California's public education system. The money goes to schools to pay for a wide range of things including salaries. The payment was scheduled for today, which is the last payment for the 2008-09 fiscal year, but will instead be issued on July 30, State Superintendent of Public Instruction Jack O'Connell and State Controller John Chiang...
  • Greensboro College Struggling to Pay Bills

    06/29/2009 8:26:30 AM PDT · by HIDEK6 · 19 replies · 847+ views
    FOX 8 ^ | June 29, 2009 | AP
    A small, private college in North Carolina is asking creditors to be patient as it tries to raise money to pay nearly $1 million in past-due bills. Greensboro College, with 1,300 students,already has cut salaries 20 percent and a week ago was told to pay an $8,000 electric bill or lose power, The News & Record of Greensboro reported Sunday. Next, a sheriff's deputy brought a summons to small claims court to the college telling officials to appear because of an overdue office supply bill of $1,245. The 161-year-old liberal arts college also owed $136,889 for cafeteria service, $13,388 for...
  • With More Money ($22K/student), (New York) City Schools Added Jobs

    07/01/2009 7:22:38 AM PDT · by reaganaut1 · 10 replies · 459+ views
    New York Times ^ | June 30, 2009 | Jennifer Medina and Robert Gebeloff
    ... [Bloomberg has] overseen a large expansion in annual school spending, to $22 billion from $13 billion, with the additional money pumped in from Mr. Bloomberg’s budget and from the state. And that has allowed them to reshape the system to reflect the central elements of the mayor’s philosophy: smaller schools, relentless assessments of progress, and higher salaries for administrators to attract top talent. A New York Times analysis of seven years of education spending has found a number of changes in how dollars are allocated. There are now 1,075 more principals and assistant principals, even as overall student enrollment...
  • For modest earners, relief repaying student loans

    06/28/2009 5:06:49 PM PDT · by BenLurkin · 21 replies · 1,238+ views
    AP ^ | Sunday June 28, 2009, 7:27 pm EDT | Candice Choi,
    Repaying a student loan could soon be a little less painful. Starting this week, anyone with a federal student loan can apply for a program, run by the Department of Education, that caps monthly payments based on income, and forgives remaining balances after 25 years. Those choosing to work in public service could have their loans forgiven after just 10 years. Eligibility for income-based repayment (IBR) is determined by a person's income and loan size. A calculator at http://www.ibrinfo.org can help borrowers determine their eligibility for the plan, which becomes available Wednesday. "It's a way to borrow for college without...
  • Harvard cuts 275 jobs, cites drop in endowment (BIG COLLEGE cartel Update)

    06/24/2009 2:23:46 PM PDT · by MuttTheHoople · 17 replies · 610+ views
    al-Reuters ^ | Tue Jun 23, 2009 | Erin Kutz
    BOSTON (Reuters) - Harvard University announced 275 job cuts on Tuesday, the latest cost-cutting measure at the world's richest university after the financial crisis triggered big losses in its multibillion-dollar endowment. The Ivy League school took the action to meet budget constraints caused by an estimated 30 percent fall in its endowment for its 2009 fiscal year, ending June 30.
  • Harvard to lay off 275

    06/23/2009 7:43:16 AM PDT · by GQuagmire · 24 replies · 965+ views
    boston.com ^ | 6/23/09 | Tracy Jan
    Harvard University announced this morning that it plans to lay off 275 staff members as the college grapples with budget pressures caused by a precipitous endowment decline.
  • Perdue pushes for higher taxes to help education

    06/22/2009 7:33:01 AM PDT · by NCjim · 36 replies · 652+ views
    WRAL ^ | June 22, 2009
    RALEIGH, N.C. — Gov. Bev Perdue will hold "Save Education" rallies in Wilmington and Greenville Monday to press lawmakers to find additional revenue for education as they struggle to fill a projected $4.6 budget gap. "I've been so troubled by the proposed cuts to public education," Perdue said at a rally in Raleigh last Wednesday. "We cannot increase class size. We cannot lay off teachers. We will not sacrifice North Carolina's economic future." The rally at Minnie Evans Art Center in Wilmington was sponsored by the North Carolina Association of Educators. The governor has asked lawmakers negotiating the state's two-year...
  • Budget crisis forces deep cuts at Calif. schools

    06/21/2009 8:18:07 PM PDT · by Kartographer · 14 replies · 1,080+ views
    AP/MyWay ^ | 6/21/09 | TERENCE CHEA
    The budget cuts will be especially painful for struggling schools such as Richmond High School, where more than half of its 1,700 students are English learners and three-quarters are considered poor. The East Bay area school has failed to meet academic standards set by the federal No Child Left Behind Act for more than four years.
  • Democrats want California schools to get billions that voters rejected

    06/21/2009 11:22:27 AM PDT · by blueplum · 29 replies · 1,403+ views
    Sacramento Bee ^ | 21 Jun 09 | Jim Sanders
    California voters said no, but Democratic lawmakers are pushing to do it anyhow. The issue involves billions of dollars and a ballot measure so important to schools that the California Teachers Association spent more than $7 million in a failed attempt to pass Proposition 1B. One month after the initiative died, Democrats are proposing to pay schools the same $7.9 billion that was the heart of the measure and to begin payments the same year, 2011-2012. snip- The dispute over $7.9 billion stems from complex provisions of Proposition 98, approved by voters more than two decades ago to ensure a...
  • UC Santa Cruz students launch hunger strike over budget cuts

    05/27/2009 10:36:57 PM PDT · by artichokegrower · 27 replies · 855+ views
    Santa Cruz Sentinel | 5/27/09 | J.M. BROWN
    SANTA CRUZ -- More than 100 students and staff from UC Santa Cruz gathered at the foot of campus Tuesday to launch a hunger strike aimed at urging administrators to reverse course on budget cuts that opponents say disproportionately affect students of color.
  • ‘No Child Left Inside Act' Would Spend $500M Teaching 'Environmental Literacy'

    05/17/2009 4:24:04 PM PDT · by jmcenanly · 8 replies · 394+ views
    CNS News.com ^ | Friday, May 15, 2009 | Penny Starr, Senior Staff Writer
    Surrounded by elementary students from the Green School in Baltimore and charming critters – including an armadillo, cheetah and an Asian Toddy Cat – Democrats declared that the introduction of the “No Child Left Inside Act of 2009” was “historic” legislation that would connect children with nature. Some critics, however, said it is a way to spread environmental propaganda in the public schools.