Monday
Oct202008
How to adapt funding for education in our economic crisis
The Intel Corporation is committing a global investment of $120 million over the next 10 years for Science Competitions, Youth Outreach, and the Online Science Community. Will Swope, Intel’s Vice President and General Manager, made the announcement this morning at the U.S. news & World Report Education Summit on “America’s High Schools: What Works? What’s Next?” Swope said “I can’t think of a more critical time to invest in math and science education.”
Speaking at the same event was Joel L. Klein, Chancellor of the New York City Department of Education. With the current economic crisis, Klein suggests we “let schools decide” how to fund schools focusing on “student based budgeting”. Klein said “the kid carries the dollar through the system,” and encourages wise educational funding now more than ever.
Klein emphasized two things that he knows works in improving our education system; improving education before students reach the high school level, and creating high standards and assessments on the national level instead of state. Klein credited the No Child Left Behind Act for “creating accountability in the education system”, such as the “pay for performance” proposition, and focus on year to year progress as opposed to regional academic proficiency.
Speaking at the same event was Joel L. Klein, Chancellor of the New York City Department of Education. With the current economic crisis, Klein suggests we “let schools decide” how to fund schools focusing on “student based budgeting”. Klein said “the kid carries the dollar through the system,” and encourages wise educational funding now more than ever.
Klein emphasized two things that he knows works in improving our education system; improving education before students reach the high school level, and creating high standards and assessments on the national level instead of state. Klein credited the No Child Left Behind Act for “creating accountability in the education system”, such as the “pay for performance” proposition, and focus on year to year progress as opposed to regional academic proficiency.
Obama Wants You to Go Back to School
President Barack Obama
Photo by Michael Ruhl
Obama’s plan, detailed at opportunity.gov, would help the unemployed go back to school to build new skill sets, with the goal of helping them gain future employment through specialized technical training.
“The idea here is to fundamentally change our approach to unemployment in this country, so that it’s no longer just a time to look for a new job, but is also a time to prepare yourself for a better job,” Obama said. “Our unemployment system should be not just a safety net, but a stepping stone to a new future.”
Among the barriers to success that the President wants to break down are state programs in which a worker might lose temporary financial support if they were to enroll in an education program. Obama said that in some places a worker may be unemployed, but may not qualify for federal assistance to get an education because of the salary they had a year ago but no longer make. The President said that he is committed to working with states to change these laws.
The President said that knowledge is the most valuable skill that one can sell. He encouraged all Americans to aim for getting at least 1 year of higher education, whether it is a community college, a four year school, vocational training or an apprenticeship.
“By 2020, America will once again have the highest proportion of college graduates in the world,” Obama said optimistically.
This announcement came on the same day as the release of April’s unemployment statistics, which saw the loss of more than half a million jobs. The unemployment rate for April was 8.9 percent, up from 8.5 percent in March and 8.1 percent in February. April's numbers have already surpassed both the White House's and the Federal Reserve's projections for all of 2009, which were 8.1 percent and 8.8 percent, respectively.
Acknowledging that unemployment is as its highest rate in 25 years, the President urged patience, reminding us that the economic problems didn’t happen overnight, and couldn’t be fixed immediately.
“We’re still in the midst of a recession that was years in the making and will be months or even years in the unmaking,” Obama said. He continued, “We should expect further job losses in the months to come.”
Obama said that the Economic Stimulus Package is yielding real results, manifest in higher consumer spending and home sales, and an increase in construction spending. He praised the Recovery Act, and said, “Because of this plan, cops are still on the beat and teachers are still in the classroom; shovels are breaking ground and cranes dot the sky; and new life has been breathed into private companies.”
Fixing the economy and reforming education are two goals Obama has set for his administration. He said that in the weeks to come he would start working towards more education initiatives.