Oppenheimer Asset Management Inc. this year will begin buying riskier debt used to finance institutions such as prisons and nursing homes, said Tim Pynchon, who will manage the high-yield municipal funds.
Philadelphia’s school district, the nation’s eighth-largest, is sending notices to 3,783 teachers, aides and other employees -- 19 percent of its workforce -- that they may be fired July 1 because of a budget shortfall.
No Child Left Behind, the 11-year-old law governing U.S. schools, was once hailed as a bipartisan triumph uniting Republican President George W. Bush and Democratic Senator Edward Kennedy on improving education.
Anthony Weiner strode toward the stage, one of five Democrats trying to become New York’s next mayor and about to debate education policy. His plan to attend was confirmed less than a day earlier, after frontrunner Christine Quinn canceled her appearance.
When talk-show host Oprah Winfrey handed a $1 million check last September to the principal of New Orleans Charter Science and Math Academy, 200 students watched the broadcast from a church and celebrated with a brass band.