‘Are Teachers Ready for the Common Core?’ Answer: A Resounding ‘No’

FrustrationThe Boston Globe
ran a great story
yesterday headlining the question: “Are
Teachers Really Ready for the Common Core?” After reading the
story, the only possible verdict is absolutely not.

Common Core sets new standards for what students should learn
and how they should learn it. But putting that into practice is
more difficult than waving a magic standards wand. A complete,
forced transformation of the American education system mandated by
national bureaucrats requires new textbooks, testing materials, and
training for teachers.

On that last front, it looks like teachers are somewhat averse
to throwing out everything they have been doing and learning a new
method just because Bill Gates
thinks its great
. From The Boston Globe:

Despite research that says one-time workshops and short-term
training sessions have poor track records for changing teacher
practices, they continue to be the most common form of professional
development — even now that the Common Core is supposed to be
upending the old way of doing things, says [teacher Allison
Gulamhussein]. While 90 percent of teachers participated in
short-term training, just 22 percent observed classrooms in other
schools, according to a 2009 study published
by Learning
Forward
 (formerly the National Staff Development Council),
an international organization focused on increasing effective
teacher training. Furthermore, the same study found that fewer than
half of teachers who participated in training considered it useful.
Still, districts shell out money on professional development, as
much as 5 percent of the total budget in some places before the
recession. Districts also get financial help for this purpose from
the federal government and spent more than $1 billion in federal
funds on such training in the 2012-2013 school year. Boston’s
education department spent about $5.5 million on professional
development in fiscal 2014, up nearly $500,000 from the previous
year, according to documents the district publishes online.
Officials say additional money is allocated for teacher training
from other areas of the budget.

Experts argue that this much is clear: If the Common Core is
going to live up to expectations, teacher training needs to change,
and fast.

The story evaluates teacher training programs in Massachusetts,
a state that is by all accounts ahead of the curve on Core
implementation. Still, many are skeptical that training helps at
all—and even more are skeptical that the trainers themselves
understand Common Core requirements.

Even if Common Core eventually boosts student
performance—and the evidence of that is
underwhelming
—nobody in school today is going to
benefit from it. Students will flounder under the instructions of
teachers whose methods are misaligned to the curriculum, textbooks,
and tests.

What a mess.

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Another Possible Ebola Case Investigated In Utah

First Dallas, now Utah.

Moments ago Fox13 reported that Health officials confirmed they are investigating a possible case of Ebola at Primary Children’s Hospital. “Primary Children’s said it is unlikely the patient has Ebola however officials are taking this opportunity to use the emergency plan they have been working on to provide maximum protection to staff, patients, families and the greater community. Officials said they admitted a patient who has symptoms raising concerns about Ebola.”

The hospital plans to explain how it is caring for the patient, what it is doing to protect the community and answer questions about the virus itself, at a 1 p.m. news conference.

A live stream from Fox13 can be found at the following link.




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Gold is making a dramatic comeback in the financial system

Mansa Musa Gold Gold is making a dramatic comeback in the financial system

October 2, 2014
Santiago, Chile

In 1324, Mansa Musa, the tenth emperor of the Mali Empire, set off from Western Africa on his pilgrimage to Mecca.

This was no Spartan journey. He was accompanied on his way by a procession of 60,000 men and 12,000 slaves, each of whom carried up to four pounds in gold bars.

Musa is might just have been the richest person of all time, with an accumulated wealth estimated at $400 billion valued in today’s increasingly worthless dollars.

But it wasn’t just kings and emperors who held gold. Gold has been the most widely-used medium of exchange in world history… across all points of the globe.

Ibn Battuta was a 14th century traveler and explorer whose famous grand adventure spanned 75,000 miles over the course of 24 years, much like Marco Polo’s.

Everywhere he traveled– North Africa, Middle East, Central Asia, India, Southeast Asia, China – gold was either the dominant currency or an easily accepted medium of exchange.

This barbarous relic has stood the test of time across cultures around the world for millennia as a form of wealth.

Most people in the West have completely lost sight of this.

They view the value of gold through the lens of paper currency, i.e. an ounce of gold is ‘worth’ 1,215 US dollars.

This is a deeply flawed perspective.

Looking at the gold price moving up and down in US dollars is something like sitting in a rowboat on choppy waters believing that it’s the beach that’s moving up and down.

Einstein might say that it’s all relative, but only one has any real stability.

But perspectives can and do change.

There once was a time when most people believed that the entire universe revolved around the Earth.

This was a flawed (and arrogant) view, and it was eventually corrected.

Thinking that the global economy revolves around the US dollar is just as flawed and arrogant. And it will soon be discredited just the same.

History tells us that dominant monetary systems invariably have an expiration date.

From the Byzantine solidus to the British pound, this is especially true when a superpower enters into decline and plays destructive games with its currency.

Today’s system where an unelected central banking elite conjures trillions of dollars and euros out of thin air is no different. It has an expiration date too.

Change is never easy. People don’t like it, and will resist change even if their current situations are terrible. Inertia is the most powerful force in the universe after all.

Desirable or not, it’s happening. The US dollar’s days are numbered.

Now, gold, with its millennia-long history is making a comeback. We’re not just talking about it as a store of wealth or a speculation, but as a regular form of currency.

Moving us back in this direction, Singapore Exchange launched a new arrangement this week where institutional-sized gold contracts will settled not in cash, but in 1kg bars of gold.

This means that each of these contracts is intended to deliver and store gold in Singapore on behalf of large financial institutions, central banks, and even governments.

Sure, Singapore wants to advance itself as THE gold hub of Asia. We’ve been writing to our premium members about this for years

But more importantly, it’s quite telling that major insiders within the financial system itself are pursuing this contract.

They’re effectively setting up a new system, in Asia, to afford governments and central bankers the opportunity to trade in their US dollars for something real.

Just like yesterday’s post about the renminbi/euro convertibility, this is truly a canary in the coalmine moment for the future of the US dollar… as well as gold’s emerging role in the financial system of tomorrow.

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You’ll Totally Guess Who Ranks Last in Cato’s Grading of Governors’ Fiscal Policies

Just the worst.The Cato Institute today
released a report grading governors across the country over their
recent fiscal policies and how well they’ve tried to rein in taxes
and spending. The good news,
according to Cato experts Chris Edwards and Nicole Kaedig
, is
that “we are in the midst of the best tax-cutting run since the
late 1990s.”

The governors ranking at the top of the list of fiscal
responsibility were all Republicans while the governors at the
bottom were all Democrats. There were some Dems with pretty good
scores, though, like Lincoln Chaffee of Rhode Island and Andrew
Cuomo of New York, both of whom have worked to make their tax
environments more friendly and competitive for businesses.

Ranking dead last on the list, and it’s not even really close,
is California Gov. Jerry Brown, who has pushed forward big tax
increases and budget increases and still wants to throw billions of
dollars at the boondoggle of a high-speed rail. He scores a mere 19
points out of 100. The four governors earning A’s from Cato were
Pat McCrory of North Carolina, Sam Brownback of Kansas, Paul LePage
of Maine, and Mike Pence of Indiana, all Republicans. Cato’s
summary of the four:

  • Pat McCrory of North Carolina signed a bill replacing
    individual-income-tax rates of 6.0, 7.0, and 7.75 percent with a
    single rate of 5.75 percent. He also cut the corporate-tax rate
    from 6.9 to 5.0 percent and repealed the estate tax.
  • Sam Brownback of Kansas approved a plan in 2012 replacing three
    individual-income-tax rates with two and cutting the top rate from
    6.45 to 4.9 percent. The reform also increased the standard
    deduction and reduced taxes on small businesses. Brownback cut
    income-tax rates further in 2013.
  • Paul LePage of Maine signed major income-tax cuts in 2011, and
    he is pushing for further tax reforms. State spending has been
    roughly flat in recent years, and LePage has trimmed spending on
    welfare, health care, and other programs.
  • Mike Pence of Indiana has been frugal on spending and a
    champion tax cutter. He signed bills to cut individual-income-tax
    rates 5 percent (the current rate of 3.4 percent will fall to 3.23
    percent in 2017) and repeal the inheritance tax. He also approved a
    corporate-income-tax rate cut and a major reduction in property
    taxes on businesses.

The full report doesn’t just touch on taxes and spending. It
also analyzes some current fiscal issues states struggle with from
ballooning Medicaid costs to massive unfunded pension liabilities
(and the challenges of actually trying to put a number on the
beast). The report also knocks how many states’ versions of tax
cuts are actually designed to favor certain selected industries
over others (movie industry tax credits are smacked around) rather
than making states more hospitable to all comers.

Take a look at the full report here.
Scroll down to page 14 for governor-by-governor summaries.

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World’s Largest Stock Exchange Index Takes Out Crucial Support

With over $16 trillion in market capitalization represented, the NYSE Composite Index is the world’s largest.. and today it took out its 200-day moving-average for the first time since late 2012.

 

 

That time it was a false breakdown as soon after Bernanke rescued the world’s wealthy by unveiling open-ended QE… this time that’s not going to happen…

 

h/t Brad Wishak at NewEdge




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Prepared? When Ebola hits your town you will want to be antifragile.

Back in July, I was pointing out my concern about air travel
between Africa and Texas.

Then some time passed.

Back on September 8th, thinking about my personal situation, I asked the following questions: 

    At what point do we implement:

  •         tele-commuting
  •         home schooling
  •         top off the farm tanks
  •         close the gate
  •         no guests
  •         staycation

    Do I wait until Ebola cases confirmed in USA?

    Do I wait until Ebola cases confirmed in my state?                           

    Do I wait until Ebola cases confirmed in my city?

    Do I wait until Ebola cases confirmed in my neighborhood?

Then some more time passed.

Well, now that Ebola has actually traveled on a plane from Africa to my home state of Texas, thanks to our government’s inaction, I can eliminate the first two questions.  Let’s discuss some practical steps we all might take at this point.  For the sake of this article, I will assume that many ZH readers have made at least some zombie-apocalypse preparations, maybe even along the lines of my article from 2012, Fear we are returning to a time in history where it is a common occurrence to fight for one’s life? 

Item 2

Develop a basic mindset.  Here are some ideas.  Commit to prepare for zombies, so that currency collapse, EMP, hurricanes, revolution, world war, [edit: Ebola Pandemic] or anything else will seem relatively mild.  Understand that the time to make a plan and prepare is before, not after a zombie invasion.  Understand that there is no way you can plan or prepare for every contingency, but doing something today goes a long way to peace of mind, and eliminating any regrets should the shit actually hit the fan.  Realize that everything is likely to cost more next year, if you can get it, so better to buy it now.  Acknowledge that nobody really knows if, what, when, or how anything in the future is going to happen…it is all just speculation.  Finally, always remember that, “on a long enough timeline the survival rate for everyone drops to zero,” so don’t get too worked up, or go into debt, just because of this little exercise in paranoia.

 

One place we do tend to start our preparations is by trying to define the peril, or perils.  Today, the obvious one is infection of myself, or family member, by the Ebola virus.  But is that really the biggest peril?  Maybe a bigger risk, for me, is financial.  How might my business be affected by quarantine?   Maybe, if someone in my family were dependent on dialysis, then the big peril is a collapse of the healthcare system, like in Liberia.  Maybe, if the local grocery clerks decide that they would rather not risk infection for $7.50/hour, the big peril is starvation.  Maybe, if others don’t have food to eat, and I do, the big peril is looters.  Maybe, our current government will never let a good crisis go to waste, and the biggest peril is to our freedom.  Maybe, Taleb is correct, and we would all be better off if we stop trying to predict what exactly the Black Swans will be (not likely), when a Black Swan will arrive at our doorstep (less likely), and instead we start trying to be more antifragile, as described in his book of the same name.

“Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Yet, in spite of the ubiquity of the phenomenon, there is no word for the exact opposite of fragile. Let us call it antifragile. Antifragility is beyond resilience or robustness. The resilient resists shocks and stays the same; the antifragile gets better.”

Apart from option straddles on airline stocks, and going long MIC leaps, how can I become more antifragile?  By thinking about Ebola arriving in my home state, I may have discovered that it isn’t as difficult as it sounds, although becoming antifragile is not something that we can do in a hurry.

Sure, over the last month, I topped off the propane and diesel tanks on the farm.  Why?  First, it is easy, because I already have the tanks, and I already have an account with the suppliers, so all I had to do was make a couple of phone calls.  Second, if our prayers for the best work out, then I am not out anything, because I will use the fuel over time.  Third, if delivery drivers start thinking twice before going to work, and gas stations start closing down for lack of fuel, I will have options, and will not be put into the perilous situation of searching for fuel and waiting in lines to get a little.  I believe being antifragile is about having options when shit goes down in unexpected ways, as it always does.  As an aside, what can you do if you don’t have a farm or farm tanks?  You could seek advice from the fuel can oracle.

I admit that I also made sure we have plenty of examination gloves, masks, gowns, rubber boots, and decontamination supplies.  But does that make me more or less antifragile?  Would I really benefit from having these things if Ebola cases started popping up in our school district?  We do not have the inventory to sell these supplies, and if we did, I would just give them away, rather than profit from others misery.  I guess it comes down to one’s definition of benefit, and interpretation of antifragile.

In reality, I feel that most of the actions I can take to be more antifragile are long-term lifestyle actions, habits, not quick fixes or purchases in a panic.  For example, as you all know, we live on a small farm where we grow healthy food for our familyWe exercise regularly, and are not on any medications.  We take our personal defense seriouslyWe take some responsibility for our children’s education.  We work on strengthening our relationships with each other.  We seek to remove the middlemen from our lives through disintermediation.  I believe that these are some practical ways to be more antifragile, although Taleb might disagree with me on several accounts, and so may you, dear reader, in the comments below.

Have we pulled the kids from school, closed the farm gates, and started an extended staycation because there is an African Ebola patient in Dallas?  No.  Have we stopped eating out at restaurants, traveling in airplanes or any public transportation, and consuming sugar in amounts that weaken our immune systems?  Yes.

Peace be with you!

h_h




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President Obama Explains How Great The Economy Is Doing Since He Took Over – Live Feed

This should be good…

  • *OBAMA SAYS ECONOMIC PROGRESS HAS BEEN ‘STEADY’; ‘IT IS REAL’
  • *OBAMA SAYS ECONOMIC FAIRNESS IS ‘DEFINING CHALLENGE’ OF TIME
  • *OBAMA SAYS OBAMACARE HAS RESTRAINED HEALTH-CARE PREMIUMS
  • *OBAMA: U.S. CAN SHORE UP FINANCES WITHOUT ‘MINDLESS AUSTERITY’

 

 

Crucially, we should all know how much better things are than 2008 – so America will vote for his colleagues…

 

While discussing the 2014 election on Sunday’s “60 Minutes,” President Obama took a page out of Ronald Reagan’s book:

I can put my record against any leader around the world in terms of digging ourselves out of a terrible, un — almost unprecedented financial crisis. Ronald Reagan used to ask the question, “Are you better off than you were four years ago?” In this case, are you better off than you were in six? And the answer is, the country is definitely better off than we were when I came into office, but now we have to make…

Steve Kroft interjected, asking Obama whether that’s a good question to be asking — whether people actually feel the improvement. And Obama seemed to concede the point.

“They don’t feel it,” Obama said. “And the reason they don’t feel it is because incomes and wages are not going up.”

This Obama should probably have a chat with the Obama who brought up the whole “Are you better off” thing in the first place. Because, as an electoral strategy, it leaves something to be desired.

 

See chart below for guidance…




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Must See Video of the Day – The David Cameron Rap Video

This video is extremely timely, given UK Prime Minister David Cameron’s recent speech to the UN in which he laid out his plan for the criminalization of free speech in Great Britain, which I covered in the post: The UK’s Conservative Party Declares War on YouTube, Twitter, Free Speech and Common Sense.

The person who created this is without a doubt guilty of non-violent extremism. It’s two minutes long, was published yesterday and already has over one million views. Enjoy.

continue reading

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U.S. Vacancy Rate Rises for First Time Since 2009 in Wake of Apartment Building Construction Surge

Screen Shot 2014-10-02 at 12.25.50 PMThis is an interesting headline, and one that anyone paying attention to the domestic real estate market should pay close attention to. We know that millennials aren’t the ones buying new homes in America (that market has been cornered by private equity and hedge funds as well as foreigners laundering suspect money), but those millennials who do posses the cash flow to move out on their own definitely appear to be renting. Due to this trend of renting as opposed to buying by average citizens, there has been an enormous construction boom of apartment complexes across the U.S.

continue reading

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D.A. Releases Footage of August Police Shooting of Unarmed Man, Ruling It Justified

Dillon TaylorOn August 11, Officer Bron Cruz of Salt Lake
City, Utah, shot and killed 20-year-old Dillon Taylor, who was
unarmed, because Taylor fit the description of a 911 caller
reporting a group of men flashing a handgun, according to the
district attorney, who ruled the shooting justified. The D.A. said
Taylor and two friends he was with were “making a scene” before
approached by cops, according to the SaltLake Tribune,

which reports:

Confronted by officers, the two men with Taylor held up their
hands, while Taylor alone was “noncompliant.”

Body-cam video shows that Taylor turned toward officers with his
hands in his pants before hoisting his shirt — a gesture officers
are trained to recognize as a possible weapon-draw.

“Nothing that Mr. Taylor did assisted in de-escalating the
situation,” [the district attorney Sim] Gill said. “If anything, it
escalated things.”

Taylor’s shooting was justified, Gill said, not because he posed
an actual threat, but because Cruz reasonably perceived a
threat.

“Officer Cruz’s belief that Dillon Taylor was armed with a gun
and intended to use it against the officers was reinforced by
Dillon’s actions and the acts of others,” Gill wrote in a letter to
Salt Lake City Police Chief Chris Burbank. “By the time Dillon drew
his hands from his waistband, Officer Cruz’s belief that Dillon was
presenting a weapon [and … would use the weapon against officers]
was reasonable.”

About that video, it was released with the D.A.’s announcement
that the shooting was justified. You can watch that below:

The Salt Lake Tribune cuts the video off after the
shooting, so it doesn’t show cops handcuffing their “suspect,” who
died shortly after, or waiting for medical assistance to
arrive.

Gill used the video to explain cops already had a plan for the
group of men Taylor was in and why the shooting as it went down was
justified:

I’d like him as my defense attorney, I think. He’s a
prosecutor.

There were
some protests
for Dillon Taylor after the fatal August 11
shooting, but they were not sustained in the way protests after the
August 9 shooting of the unarmed Michael Brown in Ferguson, Mo.
Local protests over that shooting, and the police’s heavy handed
response, helped propel the story into the national news cycle. The
parade of shootings since that have gone unnoticed certainly
highlight the importance of community engagement on issues of
police brutality.

h/t Scott F.

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