The achievement gap between black and white students has narrowed significantly over the past 50 years. The gulf between rich and poor students, however, has widened dramatically. Several studies suggest that family income serves as a better predictor of school success.
Greece's capital city was in flames Sunday night as thousands of Greeks rioted over proposed austerity measures. Despite the violence, Greek lawmakers signed off on the measures as part of a bailout deal to save the country from a chaotic default. European leaders now need to approve the deal.
Wyoming's decade-long economic boom has been driven by the extraction of coal and natural gas. But now there's a glut of natural gas and prices have plummeted. That is stalling the local economy and slicing state tax revenues.
For the month of February, a tiny village south of Madrid is running its economy on pesetas, which hasn't been used since 2002. It's a bit of a gimmick to lure older consumers who have piles of unused currency in their closets to spend it, but it's worked, bringing more trade to to town.
President Obama is scheduled Monday to release his proposed federal budget for the fiscal year that starts Oct. 1. House Republican leaders are likely to release their version in the coming days. Neither is likely to pass. Not that it matters — the spending level for the year was set in last summer's bill that settled the debt ceiling crisis.
Joseph Smith Jr. has been chosen to oversee the multibillion-dollar national mortgage settlement announced earlier this week. Smith is described as a man who understands the plight of the homeowner without forgetting what makes a successful banking industry work.
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