Bread and Circuits

Jared Bernstein offers a fanciful take on the recent Circuit City layoffs: Short Circuit, including a link to the chain's own press release. The company's prose is as crooked as their twisted little hearts: The company has completed a wage management initiative that will result in the separation of approximately 3,400 store Associates. The separations, [Read More...]

Harnessing teachers’ greed

Article in the paper today looks at the popular notion of "performance-based pay" for teachers: "Incentive-based teacher pay unproven." This is from a series of articles exploring the recommendations of something called "Vision 2015" — an ambitious school-reform plan that aims to turn Delaware's schools into the "best in the world" giving students the best [Read More...]

Who’s the kid?

Here's a nice little profile piece from the paper's ultra-local weekly "Crossroads" section. It's a Local Boy Makes Does Good story, about a young man from the area who is serving as a missionary with OMS International, helping to train local church leaders and working in the agency's local schools and its medical clinic. If [Read More...]

Bailey v. Potter

The problem with criticizing the credit scoring system, as Colin and some others have sensibly pointed out in the comments to the previous post, is that it arose in order to avoid something that may well have been worse: the Good Old Boy/Country Club network that effectively denied access to capital at a decent rate [Read More...]

Financial advice from Henry F. Potter

It's the fifth of the month, or a full moon, or whatever the cycle is for these things, and so today's paper again includes an article attempting to explain credit scores and why they're important, and the sorts of things that (might) make yours higher or lower. And like every other weekly/monthly article on this [Read More...]

College is a bargain

Or, Why you don't want to major in business at Southwestern University Jake B. Schrum, president of Southwestern University at Georgetown, Texas, seems terribly pleased with his argument that "College Tuition Still Remains a Bargain," which he also read earlier this week on public radio's Marketplace: For some reason, Schrum thinks this is a valid [Read More...]

What is education for?

The following is from E.F. Schumacher's quixotic classic, Small is Beautiful: Economics as if People Mattered. Specifically, from the essay, "The Problem of Unemployment in India." Posting this here so that I can link to it in the future. – – – – – – – – – – – - If there are millions [Read More...]

Labor Day

Family Circus: Jeffy: There's a Mother's Day and a Father's Day, how come there's no Children's Day? Grandma: Because every day is Children's Day! Bread & Circus: Cheney: There's a Labor Day and an Earth Day, how come there's no Capital Day? American worker: Because every day is Capital Day! From the article: Since the [Read More...]