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Monday, April 16, 2007 |
USAToday: "A slow-motion scandal surrounding a federal multibillion-dollar reading program has its first congressional hearing this week, but it remains to be seen whether the scrutiny will shed any new light on a complex, contradictory tale of textbooks, tests and allegations of federal arm-twisting.
A key part of President Bush's efforts to remake public education, Reading First was launched in 2002, giving schools $1 billion a year to improve reading in early elementary grades. Five years later, early evidence suggests that it may be helping. But investigators say a handful of advisers have railroaded schools into buying textbooks and other materials that they and associates developed."
10:59:34 AM 
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MonthlyReview: "Nearly a third of all US billionaires categorize their source of wealth as coming from investment, hedge funds, mutual funds, money management, leveraged buyouts, real estate, or banking. As Foster reports in his MR Review of the Month, 'ownership of very substantial financial assets is clearly the main determinant of membership in the capitalist class'. James Petras offers extensive analysis of how U.S. economic policy created billionaires in other parts of the world, often through theft, corruption, and violence. He explains that they key factor contributing to billionaires' wealth in both Russia and Latin America was the vast privatization and de-nationalization of successful public enterprises."
10:55:50 AM
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© Copyright 2007 Hetty Litjens.
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