Amid deep budget cuts and layoffs, the nation's second-largest school district is spending $4.5 million to hire 1,000 new aides this year. The superintendent says he'd rather use the money to hire back teachers, but the shootings in Newtown, Conn., led to a change in priorities.
Around the country, budget cuts are bringing some federal public defenders to the breaking point. "We can't not pay the rent, and ... everything else is personnel. We can't send a computer to court," says Washington, D.C., public defender A.J. Kramer.
Many economists would applaud a change in the way Social Security administrators measure inflation. But many older Americans may hiss at using something called the "chained CPI," fearing a new formula will cut their benefits in coming years.
After losing many customers through an unsuccessful facelift attempt by Ron Johnson, J.C. Penney will be led by former CEO Myron Ullman. One analyst says it must "embrace" its customers to recuperate, but others wonder if it can survive.
University of Louisville fans have had a lot to cheer about lately — and not just basketball. Monday's big victory by the school's men's basketball team over Michigan is just the latest success for an athletic department that is quickly becoming one of the country's most admired.
Vermont tops the nation when it comes to locally produced food, according to a new ranking from the nonprofit Strolling of the Heifers. Having farmers' markets, CSA programs, and distribution systems all helps.
Every day, more than 600,000 thousand rail commuters navigate the crowded maze of tunnels and tracks that is Penn Station. Mass transit advocates would like to replace the aging station with a world-class transportation hub. But there's a big obstacle: Madison Square Garden, the arena that sits directly on top of Penn Station. And the Garden's owners show no signs of moving.
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