E2010 Wired

The power of our words can inspire change in a single person, then two, then the world.

Tag Archives: Education

California teacher pension shortfall grows to $56B

Teachers continue to be hit hard on all ends. At times, GOP governors seem to be in a race within themselves to see whose bill will is more egregious. In California, the current problem is the $56 billion pension shortfall.

The GreenwichTime reported:

The pension system for California’s teachers has $56 billion less than it needs to cover the benefits promised to its 852,000 members and their families, the fund reported Thursday, as big investment losses in 2008 continue to reverberate.

The drop in value was enough to trigger an automatic increase in the amount the state must pay into the California State Teachers’ Retirement System, which is the nation’s second largest public pension fund. That will boost the payment from California’s already strained general fund by 20 percent — from $573 million to $688 million — in the fiscal year starting July 1.

The pension shortfall as of June 30, 2010, was $15.5 billion greater than it had been a year earlier, CalSTRS officials said. The fund had expected the shortfall to be even greater, but educators received smaller raises than projected, reducing the ultimate amount of their retirement benefits, and the fund’s investments performed better than expected in the 2009-10 fiscal year.  More @ California teacher pension shortfall grows to $56B – GreenwichTime.

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Speaking out for Texas public school teachers

In Finland, Singapore and other countries, teachers are treasured as are students in public schools. They are treated quite well because in those countries, their youth is definitely their future. Bob Ray Sanders in Texas feels the same way:

It makes me mad to hear people, most especially sanctimonious so-called leaders, run down our public schools.

 

I become even more riled when those bloviating windbags on talk radio and cable TV berate public school teachers as lazy, incompetent, dues-paying union sympathizers who only care about a paycheck and don’t give a hoot about children.

 

And when they label public school students as ignorant or otherwise “worthless” — a waste of taxpayers’ money — it makes my blood boil to the point almost of a volcanic eruption.

Speaking out for Texas public school teachers | Editorials & Opinions | Fort Worth, Arlington….

Bill Gates Shares the Impact Teachers had on his Life and Career

Pres. Obama Gives Back to School Speech

President Obama is scheduled to speak to students in Philadelphia early this afternoon. Here’s the advanced text of his speech:

Hello Philadelphia! It’s wonderful to be here. Today is about welcoming all of you and all of America’s students back to school — and I can’t think of a better place to do it than Masterman. You’re one of the best schools in Philadelphia — a leader in helping students succeed in the classroom. And just last week, you were recognized as a National Blue Ribbon School for your record of achievement. That’s a testament to everyone here – students and parents, teachers and school leaders. And it’s an example of excellence I hope communities across America embrace. Read more of this post

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