The News

American Graduates Finding Jobs in China

nytimes.com — Shanghai and Beijing are becoming new lands of opportunity for recent American college graduates who face unemployment nearing double digits at home. Even those with limited or no knowledge of Chinese are heeding the call. They are lured by China’s surging economy, the lower cost of living and a chance to bypass some of the dues-paying that is common to first jobs in the United States. And the Chinese economy is more hospitable for both entrepreneurs and job seekers, with a gross domestic product that rose 7.9 percent in the most recent quarter compared with the period a year earlier. Unemployment in urban areas is 4.3 percent, according to government data.

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Teachers Could Earn More Under Obama Plan

usatoday.com — States that want a piece of the Obama administration's $4.35 billion Race to the Top Fund for schools must hew to internationally benchmarked academic standards and let schools pay teachers and principals more if they work in hard-to-staff schools — or if student scores improve on basic skills tests. In detailed draft guidelines being released today in Washington, President Obama and Education Secretary Arne Duncan lay out their most forceful proposals on public schools. States won't be eligible for the money unless they get rid of legal barriers that prohibit tying teacher pay to test scores — a bid aimed directly at California. Duncan says the state has erected a legal "firewall" that keeps schools from paying educators more for improved performance.

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Student Loan Measure Clears House Panel

washingtonpost.com — A bill that cleared a House committee would largely remove private lenders from the federal student loan industry, generating an estimated $87 billion savings over 10 years to fund more government grants and loans. The Student Aid and Fiscal Responsibility Act of 2009 would eliminate an entire category of student loans issued by private lenders and subsidized by the federal government, vastly expanding direct lending by the government starting next July. Democrats would use the savings to fund a $40 billion increase in federal Pell Grant scholarships over 10 years, $10 billion in community college upgrades and $8 billion in pre-kindergarten changes, among other uses.

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Black-White Student Achievement Gap Persists

msnbc.msn.com — Despite unprecedented efforts to improve minority achievement in the past decade, the gap between black and white students remains frustratingly wide, according to an Education Department report. There is good news in the report: Reading and math scores are improving for black students across the country. But because white students are also improving, the disparity between blacks and whites has lessened only slightly. On average, the gap narrowed by about 7 points from 1992 to 2007, so that black students scored about 28 points behind white students on a 500-point scale. The divide between minority and white students is considered one of the most pressing challenges in public education. Experts say it stems from entrenched factors that hinder learning. More black children live in poverty, which is linked to an array of problems.

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Obama Plans $12 Billion Boost To Community Colleges

usatoday.com — President Obama is expected to announce a $12 billion proposal today that will put the nation's community colleges front and center in his economic recovery plan. Among his goals: to modernize community college facilities, to increase the quality of online courses and to ensure that more students complete their programs. Obama, who in February urged every American to obtain at least one year of training past high school, is scheduled to speak this afternoon at Macomb Community College in Warren, Mich., which has been hit hard by the collapse of the automobile industry. In Sunday's Washington Post, he offered a brief overview of his plan, which he said aims to "ultimately meet the goal of graduating 5 million more Americans from community colleges by 2020."

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For Colleges, Small Cuts Add Up to Big Savings

nytimes.com — College life may look different in the not-so-distant future: Students squinting out dirtier windows, faculty offices with full wastebaskets and no phones, sporting events in which opponents never meet, and paper course catalogs existing only as artifacts of the wasteful old days. While colleges and universities slashed their spending this year with wrenching layoffs, hiring freezes and halts in construction projects, they whittled away at costs with smaller, quirkier economies, too.

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ECONOMISTS, LABOR LEADERS: ECONOMY NEEDS SUBSTANTIAL, STRATEGIC, SUSTAINED $900B OR MORE BOOST OVER TWO YEARS

12/08/2008

The economy needs at least a $900 billion boost over the next two years, according to a detailed economic recovery plan released today by more than a hundred economists and dozens of labor and public interest leaders who represent more than 20 million Americans.

CONGRESSIONAL ELECTIONS DELIVER A PROGRESSIVE MANDATE

11/04/2008

Twenty-six out of the 29 Democratic candidates who won seats previously held by Republicans in the House and Senate championed bold progressive economic positions, according to a new report released today by the Campaign for America’s Future. The report shows that these progressive candidates’ victories represent a swing to the left of 34 votes in the House and 10 in the Senate, reflecting a clear mandate for progressive change.