The George Gund Foundation will give $2.5 million to help launch a Cleveland schools “transformation plan” and will add another $4 million over the next two years if it likes what it sees. The full commitment would give the struggling district a good jump on raising nearly $72 million that officials say they need for […]
New York’s John F. Kennedy International Airport isn’t exactly the poster child for on-time departures and things may get worse before they get better for travelers using the airport this spring. Starting Monday, JFK’s busiest runway will close for four months for reconstruction. The $376 million project for Runway 13-31, also known as the Bay […]
Gritty movie Precious has swept the board at the National Association for the Advancement of Colored People’s annual Image Awards in Los Angeles. The film tells the story of the abused, illiterate Harlem teenager Precious, who is expecting her second child. It won six awards including best movie, best independent movie and best actress for […]
The University of California San Diego has suspended a student who admitted to hanging a noose in a campus library, school officials announced Friday. “We are feeling real pain, and we will take real action,” said UCSD chancellor Marye Anne Fox told reporters. “The safety of our students, faculty, and staff is my primary […]
Americans are loaded up with credit card debt. What’s worse is that some husbands, wives and even children hide those money woes from their families. The results are often devastating. Hidden debt is a common and insidious problem. “It’s a form of cheating so subtle you don’t even know you’re doing it,” said Bonnie Eaker […]
Warren Buffett has an elegant solution for the thorny problem of too-big-to-fail banks: Put the bankers’ bank accounts on the line. Buffett, the chairman of Berkshire Hathaway, lashed out at the damage wrought by overpaid, unaccountable finance-industry bigwigs in his annual letter to Berkshire shareholders, released Saturday. Buffett has been criticizing overreaching corporate […]
