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Would You Consider Teaching If It Paid $125,000?
A new charter school called Equity Project is sending shock waves through the teaching system. According to the New York Times, the school is "premised on the theory that excellent teachers — and not revolutionary technology, talented principals or small class size — are the critical ingredient for success."
One of the questions experts are hoping to answer is if offering six-figure salaries is the way to attract a collection of superb teachers.
Beauty Byte: Stila Has Been Saved!
At the beginning of the month, there were some rumblings that Stila was going bankrupt, and you were not loving the news. Nor was I. Well, happy day, because Stila has been saved.
Maxed Out: A Couple Plays the Financial Blame Game
While this episode of Maxed Out was filmed many months before the recent slew of economic news, the home equity credit trouble the couple has in the show is connected to what's going on today: According to The New York Times, Americans owed about $593 billion in home equity loans in 2003, but the current related debt is $1.1 trillion. The couple in this Maxed Out, Rhonda and Les, make a combined income of $104,000 but they've used up their total $100,000 home equity credit line and don't have a penny in savings.
When financial guru Allison Griffiths asks the couple why they came to her for help, Rhonda doesn't skip a beat with her answer that "he spends too much," to which Les turned the pointed finger back around.
Jean-Georges Creating "the Applebee's of Haute Cuisine"
Famed chef and restaurateur Jean-Georges Vongerichten is up for one of this year's most prestigious James Beard Awards, but that's hardly the biggest thing on his mind. Fortune profiles the New York chef and his aggressive plans to open 50 new restaurants in the next five years.
Vongerichten, who already has 24 restaurants under his belt, has created a joint venture, Culinary Concepts by Jean-Georges, with Starwood Hotels and Catterton Partners, a private equity firm credited with turning P.F.
How Money Are You: America's Savings Habits
The good news — Americans are collectively saving more than we did before. The bad news — we made the shift all at once, and it's not helping our struggling economy. Saving has been more widely embraced not just because people have begun to learn the importance of the habit, but because there's less access to credit and falling home prices have made it difficult to access home equity lines of credit.
Maxed Out: Best Friends in Debt Together
We're familiar with money breaking up marriages, but this episode of Maxed Out featured another type of relationship threatened by debt: best friends. Christine and Meredydd bought a condo together so they could build equity and eventually get their own condos, but their debt is taking away from any equity and Christine says in six months they might not be friends if they keep fighting about money. These two 27-year-olds spend an insane amount of money on restaurants and take-out each month and both admit that it's their biggest spending weakness.
Beauty Byte: Scott Barnes Is Redundant But Plans For Revival
Oh no! I was so upset after I learnt this morning that Scott Barnes makeup is going to be discontinued. I'm a huge fan of his cosmetics and although they aren't widely available in the UK, you can get them online (and of course whenever you visit the States).
Hyundai Will Take Your Car With Proof of Pink Slip
Supply and demand is the name of the game, and these days there's hardly any demand for new cars. Hyundai is responding to this economic reality by getting creative in a way that could appeal to potential car buyers who are concerned about losing their jobs.
The company is offering a walkaway program that allows buyers to return their cars if they endure a life-changing event within one year of purchase.
Coney Island's Astroland Takes Its Final Shot at the Freak
A New York establishment, Astroland Amusement Park on Coney Island's boardwalk, closed its doors Sunday, after 46-years of amusing visitors. Since landowner Thor Equities decided not to renew the lease with the park owner, 300 park workers will be out of work after they dismantle the rides.
Not all is lost — the Cyclone and Wonder Wheel rides have been spared, thanks to their independent ownership and landmark status.
Front Page: Israel Ready For "Long Weeks of Action" in Gaza
- Israel says it is ready for "long weeks of action" as it continues the fourth day of an air assault on Gaza. Palestinian officials say the death toll is more than 360 since Saturday. Four Israelis have died in rocket fire.
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