A few months ago Marshall Tuck, a Democratic candidate who is running for the state office of California Superintendent of School Instruction, went to the California Democratic Party Convention to speak to his party about how to create better K–12 education in California. He went to the podium, but didn’t get a word out.
Ten years ago this month, Lehman Brothers, the fourth-largest investment bank in America filed for bankruptcy. It was the largest bankruptcy in U.S. history: Lehman had over $639 billion in listed assets when it filed, sparking a global financial panic that has still not been fully absorbed.
I often quip that Richard Epstein is the smartest man in America, or at the very least that I wish I could be half as lucid as he is at his present age (75)—heck, I’d take being half as lucid as he is at my current age. In any case, his contribution to the Politico symposium this morning about the Kavanaugh matter absolutely nails it.
In the last 2 months, I’ve read 6 books about the attack on the Zam Zam in April 1941. It was the ship my uncle Fred Henderson and aunt Jamie Henderson were on when they were heading to the Belgian Congo to be medical missionaries. It was attacked and sunk by the German raider Atlantis and they, along with all the other ship’s passengers and crew were taken prisoner, transferred to the Dresden, and sent to occupied France.
Americans’ household earnings are finally stretching back to their pre-recession heights. But feeling secure and comfortable isn’t only a measure of how much money you have. It’s also a measure of how much you have compared with others.
The next US bear market is likely to be caused by a spike in 10-year Treasury yields and would risk setting off a $10 trillion crash in US household assets, according to Martin Feldstein, the president emeritus of the US National Bureau of Economic Research.
As the world marked the 10th anniversary of the fall of Lehman Brothers last weekend, an event which had pushed the global financial system to the verge of collapse, the discussion in the Indian context has shifted to the ongoing non-performing assets (NPA) crisis in the banking system. Indian banks, particularly public sector banks (PSBs), have accumulated a pile of bad debts and are struggling to extend credit.
Leading education policy researchers on Monday released Getting Down to Facts II(GDTF II), a major PreK-12 education report that reveals California is generally on the right track due to recent reforms but that major system-wide funding challenges and significant gaps in student achievement remain.