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1. Panel Says Schools’ Failings Could Threaten Economy and National Security (Walt) The New York Times
2. Goldman Whistleblower: High on Indignation, Low on Facts (Heineman) The Atlantic
Panel Says Schools’ Failings Could Threaten Economy and National Security
WASHINGTON (AP) — The nation’s security and economic prosperity are at risk if schools do not improve, warns a report by a panel led by former Secretary of State Condoleezza Rice and Joel I. Klein, a former chancellor of New York City’s school system.
“The dominant power of the 21st century will depend on human capital,” the report said. “The failure to produce that capital will undermine American security. …”
Not all panel members agreed with all the report’s findings. A dissent by Carole Artigiani, founder of Global Kids, said that a proposed national audit would only raise the stakes for standardized tests, and that money would be better used to improve the neediest school districts. Stephen Walt, an international affairs professor at Harvard, and Randi Weingarten, president of the American Federation of Teachers, agreed.
Goldman Whistleblower: High on Indignation, Low on Facts
Greg Smith's public resignation on the Times op-ed page raised a host of important, recurring issues about Goldman Sachs and the financial services industry. The immediate result has been a typical media event: volleys of opinion pieces in print and electronic media repeating anti-or-pro positions on all those issues, praising Smith for candor or criticizing him for delay and disloyalty.
But this week's media event will in all likelihood soon wisp away with no meaningful movement on the host of important issues. The reason is simple: Smith flunked the first test of whistleblowing. He didn't present a single hard fact.
Take his main assertion that, at least in his derivatives business, Goldman put its interests ahead of clients (people "....pitch lucrative and complicated products to clients even if they are not the simplest investments or the ones most directly aligned with the client's goals."). But no example. No real parties. No real transaction. A very dramatic but very general assertion.