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NEWS: Big Stories Of The Day (Pt 1)

Obama pursues agenda despite bonus brouhaha AP
It is "a vision of America where growth is not based on real estate bubbles or over-leveraged banks, but on a firm foundation of investments in energy, education and health care that will lead to a real and lasting prosperity," Obama said.

Some Rich Districts Get Richer as Aid Is Rushed to Schools NYT
In pouring cash into school districts, Washington is using a tangle of well-worn federal formulas that seem to take little account of who needs the money most.

School Districts Gird for Bad-News Budgets NYT
Bracing for the worst as they prepare their budget proposals for the next school year, school district officials across Westchester said they feared that many residents would reject needed increases.

Obama Visits School After Students Make Video About Economic Fears PBS
As part of a school assignment, high school students in Pomona, Calif., articulated the economic fears of millions of Americans in a video called, "Is Anybody Listening?"

L.A. third-grader basks in glow of a presidential moment LA Times
Ethan Lopez became an instant celebrity at his Los Angeles elementary school Friday, the day after President Obama selected the 8-year-old to ask the final question at a town hall meeting.


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Concerning the 2nd Big Story listed above ("Some Rich Districts Get Richer as Aid Is Rushed to Schools" in the New York Times), about the use of Title I formulas to distribute stimulus plan money--

I have a post on my 'Ed Policy' blog


that discusses:

(1) The important paper by Susan Aud describing ESEA's Title I spending formulas -- arcane, complicated, and not based on a proven approach

(2) Why Congress keeps the formulas as they are in place.

(3) Does money matter?

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