Sunday, March 02, 2008
Writing Hour
William likes to write. A lot of kids don't, but William does. And he's lucky too, because his teacher, Miss Stacy, has the class write every day. Last week, though, something strange happened. Miss Stacy got a phone call in the middle of writing hour. Her face turned a funny color, and she looked a little worried.
How could William have known that Chancellor Klein had come to visit, and that he'd chosen to observe his class? How could he know that Miss Stacy worried the Chancellor might not want to watch a bunch of kids writing? So when Miss Stacy told the class to come sit in a circle on the rug, he had no idea how cute she thought the class would look if she read them a story and had them ask questions.
"Please stop writing and come sit on the rug," said Miss Stacy.
"I'm not finished," said William.
"That's okay," she replied.
"It's not okay. I'm not finished. We always get to finish."
"Today is special," said Miss Stacy. "You can stop now and finish later."
"I'm writing until I finish," said William definitively.
No coaxing or pleading would move William, and thus, William did not move. At long last, Miss Stacy was able to persuade him to see the counselor.
"I'm gonna finish my story," he told the counselor.
"But sometimes we have to change our plans," she said.
"Maybe. But I'm not sitting on the rug till I finish my story," he told her.
The counselor let William finish his story while she called his mother. William missed the Chancellor's visit, and he missed story time too.
The counselor explained the entire situation, and asked the mother to speak to him.
"What do I need to speak to him about?" she asked. "Why couldn't Miss Stacy have let him finish his story?"
"Sometimes we have to do different things," the counselor replied.
"Listen," said the mother, "If my kid copies homework, or gets in a fight, or cuts class, you call me. I'll make sure it never happens again. But if his teacher tells him to write a story, and he wants to do it, I don't see how he's done anything wrong. I'm not going to criticize him for that. Absolutely not."
The counselor said thank you. As William was finished with his story, she sent him back to class. She wasn't exactly happy, and neither was Miss Stacy. But after he finished his story, William was very happy. It came out just the way he wanted. And both Miss Stacy and his mom said they loved it.
What more could a writer ask?
Saturday, March 01, 2008
Obama/Bloomberg? -- Not Likely
The NY Daily News reports today that Mayor Bloomberg and Barack Obama spoke together a day after the Little Mayor finally ended his ludicrous flirtation with an independent run for the White House.
Bloomberg and his paid minions have spent the last year or more trying to create a groundswell of support for Bloomberg's independent White House bid by flooding the airwaves and newspapers with stories about Bloomberg's wonderful post-partisan stewardship of New York City and how he's exactly what the country is looking for in these times of trouble. Bloomberg spent gobs of money to poll all 50 states to see if he had a realistic shot to win and had begun to develop a campaign apparatus even as he was flirtatiously denying he really wanted to run for president.
Oh, Little Mayor, you're so coy!
Unfortunately for the Little Mayor, he doesn't garner more than single digits in any state including New York no matter who the Democratic and Republican nominees are, and that includes the very polarizing figures of Rudy Giuliani and Hillary Clinton. So Bloomberg finally admitted this week that he's not going to run for president though he does believe what this country needs is a post-partisan figure like himself to solve the messes we're in.
But it's funny thing about a man who feels compelled to put his name on everything he owns - he can't seem to relinquish the spotlight or resist having his people feed newspaper reporters stories about himself. Thus we get this gem from the Daily News today:
Oh boy, there are so many things wrong with this story that I just don't know where to begin. But let's start here:
Hey, the country's never elected a black man president before. Wouldn't it be a great idea to have the first black man to win a major party presidential nomination add a Jew (albeit a rather Anglicized secular one) to the ticket?
Uh, huh. I'm sure that's exactly what the Obama people are thinking as they start creating the possible Veep list and looking at the 50 state math. If we've learned anything from the '08 primary season, it's that identity politics aren't dead no matter how much we'd like to believe they are.
Next, the mayor is "the ultimate swing voter"? How so? He used to be a Dem, then he became a Repub when it was politically expedient, sucked up to Bush and the GOPers when that was politically expedient, then dropped the GOP and became an independent when he thought that would help him with a potential White House bid.
It seems to me Bloomberg is less the "ultimate swing voter" and more the ultimate figure of political expediency and egocentricism.
Finally, how is it that if Obama were to accept gobs of money from the Little Mayor that he would be circumventing "the influence of special interests"? Whether Bloomberg and his paid minions like Kevin Sheekey want to admit it or not, the Little Mayor is the ultimate in special interests - he's a multi-billionaire whose interest in helping other multi-billionaires like himself is fairly obvious (think the Jets stadium giveaway attempt for Robert Wood Johnson, think the way he has ramrodded through numerous zoning changes around the city to help out his real estate industry buddies.) Bloomberg may like to play just another swing voter when he's on his radio show, but there are few people in this country with more power and more links to wealthy special interests than himself.
At the end of the day, the Daily News story is another exercise in ego-massaging for the mayor and his people and that's about it. It just makes no political sense at all for Obama to even consider Bloomberg for VP, let alone actually pick him.
Boy, it will be nice when the Little Mayor finally rides off into the sunset and we don't have to read or see any more "news stories" in the media that have been planted by his paid minions so that the Little Mayor can feel a little bit better about himself.
Bloomberg and his paid minions have spent the last year or more trying to create a groundswell of support for Bloomberg's independent White House bid by flooding the airwaves and newspapers with stories about Bloomberg's wonderful post-partisan stewardship of New York City and how he's exactly what the country is looking for in these times of trouble. Bloomberg spent gobs of money to poll all 50 states to see if he had a realistic shot to win and had begun to develop a campaign apparatus even as he was flirtatiously denying he really wanted to run for president.
Oh, Little Mayor, you're so coy!
Unfortunately for the Little Mayor, he doesn't garner more than single digits in any state including New York no matter who the Democratic and Republican nominees are, and that includes the very polarizing figures of Rudy Giuliani and Hillary Clinton. So Bloomberg finally admitted this week that he's not going to run for president though he does believe what this country needs is a post-partisan figure like himself to solve the messes we're in.
But it's funny thing about a man who feels compelled to put his name on everything he owns - he can't seem to relinquish the spotlight or resist having his people feed newspaper reporters stories about himself. Thus we get this gem from the Daily News today:
A day after Mayor Bloomberg ruled out running for President, Sen. Barack Obama phoned him Friday, raising speculation they will run as a ticket.
Obama spokesman Bill Burton confirmed that the White House contender from Illinois placed the call to the mayor on Thursday.
"He did call him," said Burton. "They spoke [Thursday] early afternoon. It was a friendly chat."
Meanwhile, Deputy Mayor Kevin Sheekey, the chief strategist behind a possible Bloomberg presidential run, stoked the flames of a vice presidential seat for his boss on New York 1 last night.
"Certainly you could joke that Obama's call was a fund-raising call," Deputy Mayor Kevin Sheekey told New York 1 anchor Dominic Carter.
Sheekey, who has floated Bloomberg's name for President for two years, suggested his boss would make a superb veep.
"The man has the ability to finance a campaign. I don't think that's why you choose a vice president. I do think that people are going to be very concerned about the influence of special-interest money in this campaign going forward," Sheekey said.
Oh boy, there are so many things wrong with this story that I just don't know where to begin. But let's start here:
Hey, the country's never elected a black man president before. Wouldn't it be a great idea to have the first black man to win a major party presidential nomination add a Jew (albeit a rather Anglicized secular one) to the ticket?
Uh, huh. I'm sure that's exactly what the Obama people are thinking as they start creating the possible Veep list and looking at the 50 state math. If we've learned anything from the '08 primary season, it's that identity politics aren't dead no matter how much we'd like to believe they are.
Next, the mayor is "the ultimate swing voter"? How so? He used to be a Dem, then he became a Repub when it was politically expedient, sucked up to Bush and the GOPers when that was politically expedient, then dropped the GOP and became an independent when he thought that would help him with a potential White House bid.
It seems to me Bloomberg is less the "ultimate swing voter" and more the ultimate figure of political expediency and egocentricism.
Finally, how is it that if Obama were to accept gobs of money from the Little Mayor that he would be circumventing "the influence of special interests"? Whether Bloomberg and his paid minions like Kevin Sheekey want to admit it or not, the Little Mayor is the ultimate in special interests - he's a multi-billionaire whose interest in helping other multi-billionaires like himself is fairly obvious (think the Jets stadium giveaway attempt for Robert Wood Johnson, think the way he has ramrodded through numerous zoning changes around the city to help out his real estate industry buddies.) Bloomberg may like to play just another swing voter when he's on his radio show, but there are few people in this country with more power and more links to wealthy special interests than himself.
At the end of the day, the Daily News story is another exercise in ego-massaging for the mayor and his people and that's about it. It just makes no political sense at all for Obama to even consider Bloomberg for VP, let alone actually pick him.
Boy, it will be nice when the Little Mayor finally rides off into the sunset and we don't have to read or see any more "news stories" in the media that have been planted by his paid minions so that the Little Mayor can feel a little bit better about himself.
Friday, February 29, 2008
Lessons Learned at Meetings

"...and the principal has asked that we cut down on lateness. As you know, lateness is bad, and we don't like it when kids come late. Therefore, we've decided to make an all-out effort to make them come on time. So basically, what we're aiming for is less lateness, and more on-time arrivals to class. Any questions?"
Now that's your cue to sit down and shut up. After all, you have 170 papers to grade, and next period is hall patrol, and then you have two more classes, and after that, hopefully, you have a life to attend to. But noooooo. The new teacher, who hasn't yet heard this speech forty or fifty times, requires clarification:
"What if the kid is only late once in a while?"
"Well, that's an interesting question, Mr. Wetbehindtheears."
In fact, it's not an interesting question at all, and now all of us have to listen to a fifteen-minute lecture about the infinite varieties and ramifications of lateness, and there are far too few of us to inconspicuously start grading papers. And after the explanation, another question.
"Well, what if I were to devise some sort of reward system? In the class I took last night, we were discussing the possibility of creating class money, and rewarding students with it, and keeping a record on my home computer, and assigning extra credit, and giving test points, and then, perhaps offering other rewards and incentives, so that blah blah blah blah...."
"Why thank you Mr. Wetbehindtheears, and I think this would be an excellent opportunity for intervisitation. Mr. Educator, would you like to visit Mr. Wetbehindtheears' class and report back to us?"
"Excuse me," I say, only partly feigning nausea, and running from the room. "I'm not feeling all that well."
Kids are rarely late to my class. They know there will be consequences. That's it. I don't need any time-consuming or elaborate system.
And what teachers need to know is this--don't ask questions at department meetings. It just makes them longer, and we all have better things to do. Perhaps there are worthwhile meetings out there somewhere, but 99% of the meetings I've been to have been time-wasters.
If you have a problem, find teachers who've solved it, and ask how they did it. If the administrators running your meeting are still pondering the fine points of lateness after thirty years in the system, it's unlikely they have any worthwhile answers to offer, and just as unlikely they'll listen to or remember any valid responses.
For better or worse, it's the job of administrators to waste time holding pointless meetings. Teachers have more important things to do.
Thursday, February 28, 2008
How Long Does It Take to Make a Phone Call?

I've spent years assembling a network of multilingual helpers. I speak Spanish well enough to call parents myself, but as far as other languages, I'm pretty much useless. Still, everything was fine, because I knew teachers and paras who spoke every language I'd ever need. I helped them with Spanish speakers, and they helped me with everyone else.
My foreign-born students knew I'd call at the drop of a hat, and they treaded carefully to avoid problems with me. They certainly didn't want any problems to follow them home.
But in one fell swoop, our school has destroyed my support system. Someone in administration got the bright idea to start paying people to make calls. So there are now designated callers for various languages. Only I don't trust just anyone to make calls for me. Even worse, one of the callers told me to fill out a form, and that he'd get to it within 48 hours.
Now I don't know about you, but if I have a problem, I don't want to wait 48 hours. I want to deal with it right now. In fact, as a parent, if my child had a problem, I absolutely wouldn't want to wait 48 hours. I'd find that completely unacceptable, and I'd visit the school to express my displeasure.
But now Miss X., my favorite translator, says go to Mr. Y., because he gets paid to make those phone calls. Sadly, I trust Miss X. much more than Mr. Y. I've been waiting 24 hours for Mr. Y. to make that call, and I guess I'll have to wait 24 more.
It's nice of the school to consider us. But my students and I were far better off when I did things myself. How can I persuade Ms. X. to reconsider?
Wednesday, February 27, 2008
Listen to the Tweedie Birds

Mayor Bloomberg has no problem cutting school budgets. After all, since kids are being schooled in trailers and closets anyway. how much worse can things get?
But Tweed said 110 million would be cuts to schools, while 70 million would be cut from the bureaucracy upstairs. But it appears that's not true:
As it turns out, most of the cuts aren't cuts at all, but recalculations of what things actually cost. Only $15 million is really being cut from headquarters.
After all, there's important stuff happening at headquarters. There are meetings, and conferences, and gala luncheons to attend to. These things are absolutely necessary, and kids must be crammed into every available space like so many sardines so that we can enable these important functions.
And as for those who'd criticize Tweed for misrepresenting the facts, they're just ill-informed. When they said they were cutting 70 million, they meant they were cutting 15 million. Just like when Mayor Bloomberg said he'd get rid of trailers by 2012. What he meant, of course, was that he wouldn't get rid of them by 2012.
Those pesky parents and children are just gonna have to learn what it means to trim the fat. In any case, the city can't just throw around money educating children. After all, it's got an 80-million-dollar computer system to pay for.
Related: The NYC Parents Blog comments on the Bloomberg budget cuts.
Labels:
Bloomberg,
bureaucracy,
Children Last,
overcrowding
Tuesday, February 26, 2008
Bad News? What Bad News?

The Case-Schiller Home Price Index measures the residential housing market, tracking changes in the value of the residential real estate market in 20 metropolitan regions across the United States.
Notice the trend of home prices lately - straight into the toilet. Prices fell 8.9% in 2007 and 10.2% from peak prices.
In addition, foreclosures in the U.S. were up 8% in January compared to December and nearly 57% from January 2007.
Why should you care about falling home prices, increasing unsold home inventories and rising foreclosures?
Because the recession the country is either already in or is about to descend into has been driven by the bursting of the housing bubble and the more the damage from the housing market spreads outward to other sectors of the economy, the worse this recession is going to be.
Just to give you an idea how bad things are already, home prices declined nationally in 2007 for the first time since 1932. Now nobody's saying we're entering another Great Depression, but there surely are warning signs of some serious, long-term problems coming.
For example, Home Depot reported an annual loss sales decline for the first time in its history today. That's a bad sign for a country that relies upon consumer spending to power over 70% of the economy.
Here's another example: the Wall Street Journal reported today that the FDIC is bracing for an increase in bank failures as a result of the fall-out from housing market problems and the credit crunch.
And while the Federal Reserve has decided to address the problem by lowering its benchmark interest rate to near-Greenspan levels, it also is stoking a big-time inflation problem:
Feb. 26 (Bloomberg) -- Prices paid to U.S. producers rose more than twice as much as forecast in January, pushed up by higher fuel, food and drug costs, signaling inflation may keep accelerating even as growth slows.
The 1 percent increase followed a 0.3 percent drop in December, the Labor Department said in Washington. The median forecast in a Bloomberg News survey of economists was for a 0.4 percent gain. Excluding food and energy, so-called core wholesale prices climbed 0.4 percent, the most in almost a year.
...
``What you've got is a lot of inflationary pressures building,'' said Roger Kubarych, chief U.S. economist at Unicredit Global Research in New York, who correctly forecast the rise in core prices. For now, ``the Fed will put them in second position in terms of priority until this financial strife settles down,'' he said.
Just how bad is that inflation problem?
Well, oil futures closed at a record $100.88 a barrel today. Heating oil also surged to an all-time record. Gas prices are near summer levels. Wheat is also at an all-time high and products from bread to pasta to pizza to bagels have shot up as a result. Overall, consumer food prices were up 4.9% in comparison with January 2007. With all this inflation and bad economic news, consumer confidence has hit a 17 year low this month. And the U.S. dollar has hit an all-time low against the euro on speculation that more rate cuts are coming (which means even higher inflation and higher consumer prices in the future.)
Yes, between the tanking housing market that shows no signs of turning around, the retail industry that is taking a hit as a result of slower consumer spending, the inflation problem, the slowing growth problem, job market problems, the tanking U.S. dollar and worries that some major financial institutions could be in danger of going under, times are tough.
But not for the hedge fund managers and investor class on Wall Street.
The markets rallied again for the third straight day.
Makes you wonder just what economy they're looking at.
Surely it isn't the one the average American is looking at and paying for every time they fill up their cars, pay their heating bills or mortgages, buy bagels at the deli or milk at the supermarket, or fill drug prescriptions at the pharmacy.
Monday, February 25, 2008
Something We Can All Agree On

I've had Sirius satellite radio in my car for about 6 months now, and I don't know how I ever got by without it. There are scores of commercial-free music channels, and if you happen to be a polka fanatic, they've probably got something just for you. They have an all Elvis channel, an all Grateful Dead channel, and they've probably got an all Fabian channel in the works. They also have a 24/7 New York traffic/weather channel. I mostly listen to channel 65.
But today, I decided to listen to Sirius Left so I could hear the propaganda I'd been craving (If right-wing propaganda is your cup of tea, they also offer Sirius Patriot). I was amazed to hear a woman with a voice that sounded like a cross between Rod Stewart and Rocky Graziano, with a New York accent that sounded like something out of a 1930s black-and-white gangster flick.
I don't know exactly what she was talking about, as I could not get past that voice. But honestly, whatever your political views, you have to respect someone with a voice like that who manages to make a living talking on the radio. I mean, sure, Neil Young makes a living singing, but you'll have to take my word for it--this woman went above and beyond.
I suppose someone, somewhere, must be listening, and I have to respect that person too. After all, suffering builds character.
Sunday, February 24, 2008
Children First

At least they're the first ones to feel Mayor Bloomberg's budget cuts, as he cuts school funding mid-year and closes day-care centers for kids of low-income working parents:
Take the case of Nessa Coulibaly of the Bronx. A working mother, she used to take her 5-year-old to the Lucille Murray Child Development Center in Mott Haven every day until it closed its doors Jan. 14.
"This is very hard for me; I don't know what to do," she said. "If I can't go to work, how can I feed my kids?"
Many of the parents of the other 200 children who also attended Lucille Murray must be asking themselves the same question.
Lucille Murray was the fourth child center closed in the Bronx since 2004, and the 16th to be closed in the city under the Bloomberg administration.
It's remarkable that a mayor with such a history can look himself in the mirror and say he puts children first. But Mayor Michael Bloomberg, who saddles 1.1 million kids with the highest class sizes in the state, who dumps kids into trailers and closets, who shuffles kids from one building to another and claims to have created new schools, has no problem whatsoever.
Perhaps this is how Mayor Bloomberg intends to move these families out of poverty. After all, if the kids stopped lollygagging in day care, perhaps they could go out and get jobs. This could bring in a few dollars for the families, and there's no doubt the city will need lots of people to run those shiny new sports stadiums.
Maybe the children could swab the luxury decks.
Saturday, February 23, 2008
Look Out Below

As a result, many of these homeowners do not have an incentive to try and hold onto their homes and may eventually abandon their properties.
They call this "mailing in the keys" as homeowners simply walk away from their properties and mail the keys back to the bank.
Zandi also noted that a 20% decline in home values nation-wide is now a likelihood.
With new and existing home inventories at all-time highs already, a few million additional homes added to the inventory list will certainly not help the housing market or home prices. As it was, the last quarter of 2007 saw a record drop in home prices (the national median price drop of 5.8%, to $206,200 from $219,300, was the steepest ever recorded by the National Association of Realtors.)
Also on Friday, Tom Eggleston, head of C.P. Morgan Communities, one of the largest privately owned home builders in the United States, said he doesn't see the housing market hitting bottom until the middle of 2010 and even then, recovery will be slow and painful and take years.
Zandi thinks 2009 will be the bottom, but he has already revised his forecasts for home value declines and housing market bottoms before and with the U.S. economy teetering on the brink of a recession or already in one, who knows how bad things can get with real estate.
Of course here in Manhattan, residential real estate is still rising at a pretty good clip. The same goes for the trendier parts of Brooklyn. The rest of the boroughs and the surrounding suburbs have not proven to be immune from the effects of the housing bubble burst, however, and as I blogged in a post earlier in the week, commercial real estate in New York, even in Manhattan, looks to be in distress.
With many adjustable rate mortgage resets still to come this year and with mortgage rates actually rising despite the Federal Reserve's precipitous lowering of its benchmark interest rate, who knows when the market will hit bottom. An economy in recession could really exacerbate things.
Now if you don't have to sell your home and you can make your mortgage payment, then you can hold on and wait for values to rise again.
But if you can't make your payments or your have to relocate and sell your home, look out below.
And you can forget the program put together by the federal government and the banks to help distressed homeowners.
So far, it's all been p.r. and not much else.
Count Your Blessings

The Little Things
As you might know, the head of a company survived
9/11 because his son started kindergarten.
Another fellow was alive because it was
His turn to bring donuts.
One woman was late because her
Alarm clock didn't go off in time.
One was late because of being stuck on the NJ Turnpike
Because of an auto accident.
One of them
Missed his bus.
One spilled food on her clothes and had to take
Time to change.
One's
Car wouldn't start.
One went back to
Answer the telephone.
One had a
Child that dawdled
And didn't get ready as soon as he should have.
One couldn't
Get a taxi.
The one that struck me was the man
Who put on a new pair of shoes that morning,
Took the various means to get to work
But before he got there, he developed
a blister on his foot.
He stopped at a drugstore to buy a Band-Aid.
That is why he is alive today.
Now when I am
Stuck in traffic,
Miss an elevator,
Turn back to answer a ringing telephone ...
All the little things that annoy me.
I think to myself,
This is exactly where
God wants me to be
At this very moment..
I don't know who wrote this, but I really like it. Thanks to Schoolgal for sending it.
Friday, February 22, 2008
Hallelujah!

Queens is going to get 6 new high schools! Ain't that great? Being as 75% of high schools are overcrowded, that's really what kids need.
Oh, wait a minute. They're not actually new high schools. They're Academies for This or That, and they're just going to shove them into existing buildings somewhere, and that's that. There's not actually going to be any more space devoted to kids.
And as usual, there'll be a 5-year moratorium on accepting special ed. kids, or ESL students. Miraculously, test scores will be higher, and Mayor Bloomberg can declare yet another brilliant victory.
So, if you're a "reformer," here's your recipe for success--close schools, rename them, shuffle kids all over the city, and if those schools fail, close 'em again and shuffle 'em somewhere else. Control the population, and manipulate the test scores so there appears to be progress. Talk a lot about "accountability," and set up a system where whatever happens, it never sets foot in your office.
As long as you have someone else to blame when things go wrong, you'll never have to build enough schools to accommodate those 1.1 million pesky kids.
Update: Philissa from Inside Schools says Mayor Mike has reconsidered the policy of excluding special ed. and ESL students from the "academies." We'll see whether or not Tweed keeps its word. We'll also see whether or not appropriate services are provided for these kids, as that's not always the case in Mayor Mike's New York.
Thursday, February 21, 2008
Your Two Cents

Here's your opportunity to give someone a piece of your mind, and help a teacher at the same time. Our resident poet, talented Abigail E. Meyers, is seeking her Master's Degree, and requests you take a few moments to fill out a survey. Abigail explains:
I'm working on my master's thesis at St. John's, and I'm seeking input particularly from experienced (5+ years) New York City teachers. The survey deals with teaching qualifications and experience and school working conditions in the New York City public schools. The entire survey should take 10-15 minutes to complete, and when you complete it, you will have the option to provide (or not provide) an e-mail address if you are interested in sharing further thoughts about the topics discussed in the survey. Otherwise, all survey responses are anonymous and confidential.Anyone with questions about the survey can feel free to e-mail me at abigail.myers@gmail.com. Thanks!
Please take a few minutes and help her out. I just took it, and I assure you it was completely painless.
Hot Tip for Mayor Mike

If the city coffers are bare, instead of unconscionable midyear budget cuts, why not just sell the teachers on the open market? Since the city's always comparing teachers to professional athletes, notwithstanding the vast salary differences, he may as well trade and sell them too.
Strangely, I don't recall the last time the New York Yankees recruited via 800 numbers or bus ads. But that's just me.
Wednesday, February 20, 2008
Running Hot, Hot, Hot

U.S. consumer prices rose a seasonally adjusted 0.4% last month. Excluding food and energy prices, the core consumer price index rose 0.3% in January, the biggest gain since June 2006.
December inflation numbers were also revised upward to 0.4%.
On a year-over-year basis, inflation was running at 4.3% in January. Energy, food, clothing housing, hotel, medical, transportation and drug prices all rose substantially last month. Food prices rose the most in nearly a year.
Given that fourth quarter GDP was 0.6%, the January job numbers were negative, the service sector contracted last month and many economists fear the U.S. economy either teeters on recession or has already fallen into one, the high inflation numbers ought to be cause for concern.
The Federal Reserve keeps trying to jump start the economy, heal sick credit markets and help the housing market by lowering interest rates (they lowered the Fed benchmark rate by 1.25% in one week's time in January), but even as they continue to lower the benchmark interest rate, mortgage rates for most borrowers continue to rise and fall-out from problems in the credit markets continue to spread (here's one example.)
Nonetheless the Fed is expected to lower the benchmark interest rate another half point next month to 2.5% even as oil hit $100 a barrel yesterday, food prices are at or exceeding all-time highs, gold is near an all-time high, and platinum hit a record (all inflationary signs.) Just wait until the panic rate cuts the Fed made earlier this year filter completely through the economy for some really scary inflation numbers.
And yet, as Barry at The Big Picture blogged this morning, the cheerleaders on Wall Street are still calling for Helicopter Ben Bernanke to cut rates back to the 1% Uncle Alan Greenspan had them at for so long back earlier this decade and create some more bubbles to save us from the wreckage of the Greenspan-created housing bubble.
I even heard some shill on CNBC say it might be time to take the interest rate down to 0.5% (as it is in Japan) or even 0% to jump start the economy and save the U.S. from a very scary recession.
Yeah, that will be good for price pressure containment.
You know, given that the U.S. consumer has been living way above his/her means and putting the tab on credit cards or home refis for the last half-decade or more and given that the U.S. government has fought two wars on credit ($800 billion and counting) while cutting taxes and increasing overall spending, you'd have to think that maybe the country is in for a tough economic time for awhile.
It might even be good to have a bit of tough time economically so we can clean up some of the wreckage from the more irrational exuberance of the housing bubble and the other excesses of the Bush years and get back to operating on more practical ground.
Heck, it might even be a good idea to start telling people shopping is NOT their patriotic duty and saving a little bit each month is a healthy alternative to living on credit and from pay check to pay check.
But of course we're not going to do that. Instead, the Federal Reserve, undoubtedly pressured by politicians in Washington uncomfortable with an election-year recession, is throwing caution to the wind and creating a stagflationary environment like we haven't seen since the late 70's/ early 80's.
And as Cunning Realist notes all the time over at his blog, the current crop of politicians are counting on the Fed moves to stave off economic collapse just long enough for another crop of politicians to come into office and take the blame for the mess.
Kinda like how Ford and Carter were blamed for problems that originated during the Johnson and Nixon administrations.
In any case, just how bad are things going to get? Well, Nouriel Roubini sets out the worst case scenario in this Martin Wolf piece from the Financial Times.
I hope Roubini is wrong about that, but if you turn on the business channels these days, you can hear some of the panic about the future from even people who used to seem like "permabulls" (check out this Ron Insana piece at Huffington Post for some of that.)
It's a Bird, It's a Plane...

No,it's UFT Prez Randi Weingarten--superdelegate.
Ms. Weingarten, of course, is committed to Hillary Clinton, who took a bath last night in both Wisconsin and Hawaii. If anyone remembers Mayor Mike's first mayoral race, in which the UFT endorsed 3 candidates, all of whom lost, one has to wonder just how valuable our endorsement is.
Sure we helped Governor Pataki, who thanked us by vetoing 55/25 and improvements to the Taylor Law. And we gave a boost to serial union-buster Serphin Maltese. Now we're backing a Republican senatorial candidate who thinks private school parents ought to get tax credits. But it seems we have a pattern of getting behind losers whenever we pick candidates who might remotely support teachers, or public school kids, or humanity in general.
Is the UFT endorsement the kiss of death? I'm not convinced. I'm fairly certain the only thing worse is a monetary contribution from yours truly. But I don't think this country can afford the budget-busting, warmongering, middle-class killing, homophobic nonsense that's been the GOP's hallmark for the last decade. The rich are rich enough already.
I'd urge the UFT to endorse McCain if I thought that would stop him. Unfortunately, when the UFT endorses bad candidates, they tend to win. Perhaps I'll send him a contribution, say 10 cents, and ensure his demise.
After all, it's for the good of the country.
Thanks to Sol
Tuesday, February 19, 2008
Okay, That's Why I Do This For A Living

She is in her third year of college at FIT in the Production Management program. I teach two college preparatory classes with some affiliation to FIT so when she got around to making her college decision, I knew that she had her heart set on studying Patternmaking at FIT. She applied early, received her acceptance letter and was thrilled to be embarking upon what she thought was going to be her new career in Patternmaking.
And then the unthinkable happened. FIT closed down the Patternmaking program. She would have to reapply in another major if she wanted to attend FIT. She was devastated. I remember having to talk her down off the ledge and go through the FIT book with her to see if there was another major she would be open to. FIT had suggested Production Management as an alternative and we talked about the pluses and minuses of taking that major as opposed to trying to reapply in the highly competitive Fashion Design program. She wasn't thrilled about Production Management but I told her about students of mine who taken that major and she decided she would give that a try.
Flash forward to three years later. She has her Associates Degree in Production Management and is working on her Bachelors Degree in the same major (FIT breaks the program up into two two year increments.) She is working in her field, she has an internship at a great company, loves her major, loves her school and loves the direction her life is going in.
It's wonderful to see this happen for students. I keep in contact with quite a few of my former students so I know many of them are doing well. But it just warms my heart to see them, see how well they are doing and know that I had a little part in helping them get there.
I take great effort to make sure that my students will be prepared for their post-graduate lives, whether that means they will be going to a two-year school, a four-year school, taking some time off before college or looking for a trade. I also believe strongly in discussing life issues, financial literacy issues and conflict resolution lessons with my students because I believe teaching these kinds of topics will prepare them for life after graduation. I know in the current education climate where billionaire businessmen and short-selling hedge fund managers make the decisions and test scores are all that are valued, helping students with life issues or financial literacy isn't something privileged by the powers that be, but I think they're important.
Seeing my student today with that bright, confident smile on her face on Seventh Avenue today as she makes her way through the world tells me I'm right.
The Happiest Place on Earth

No, that isn't it. According to a 60 Minutes story from last week, it's actually Denmark. I missed the telecast, but heard some people discussing it on the radio. I've never actually been to Denmark, but there are some things about it that make it sound downright attractive. They don't have the best weather, but they don't have a lot of violence or murder either. And education is a little different too:
All education is free in Denmark, right on through university. And students can take as long as they like to complete their studies.
So that PhD may not be so costly after all. A German friend of mine, an MD, told me his education cost about 50 bucks out of pocket, and that his father was actually required to pay it. Compare that to Denmark, where it would have been free. Or compare it to the United States, where it would have represented hundreds of thousands of dollars.
Denmark also provides free health care, subsidized child care and elder care, a social safety net spread the length and breadth of the country.
There's something to be said for not having to worry about those things. A lot of Americans I know are scrambling to keep up with their credit card bills, and haven't got time to even consider caring for their children, let alone preparing for their old age. That's gotta be stressful. I suppose there's always the hope that they may discover the next Microsoft, or strike it rich in the lottery, but things like that don't happen to just everyone.
These benefits are not actually free, of course. The Danes pay 50% of their income toward taxes. Between income taxes, social security taxes, sales taxes, school taxes, town taxes, village taxes, and those weird charges on the phone bill and elsewhere, I'm pretty sure we pay that much too.
So why on earth aren't we demanding similar services? And even if we had to pay a few points more, wouldn't they be worth it?
Monday, February 18, 2008
Obama Open To Vouchers

The education "reform" group, Democrats For The Return Of Feudalism And The Six Day Work Week, immediately hailed Obama's flip-flop on the voucher issue:
The executive director of the lobbying group Democrats for Education Reform, Joseph Williams, said the response was unusual for a Democratic politician, praising Mr. Obama for making his bottom line helping children learn rather than ideology.
"I don't think anyone can call him a voucher supporter out of this, but it is an intriguing response," Mr. Williams said. "It is a different kind of answer than most of us are used to hearing from politicians."
It sure is.
Most Democratic politicians see the private school voucher movement as just another way for the privatization folks to get their hands on public money and continue to privatize as much of the government as they can.
For example, John Edwards and Hillary Clinton see the issue that way.
But not Obama.
You see, he's a different kind of Democrat.
He tells the NEA and the AFT that he supports merit pay based upon standardized test scores and says he now could support school vouchers.
He also thinks the problem with the American economy is not a greedy multi-national corporate system that rewards hedge fund managers, CEO's and the rest of the investment class over the workers but an education system that doesn't educate students as well as India does (never mind that in class-stratified India, only 75% of the population can actually read and more than 1/3rd of the population live on less than 40 cents a day - Obama thinks it's a model for the U.S. to mimic.)
Gee, he kinda sounds Republican-lite to me.
No wonder Whitney Tilson and the other values investors at the Democrats For The Return Of Feudalism And The Six Day Work Week like him so much.
He speaks their language - privatize, standardize, voucherize.
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