Boston News

This is a breaking story about which I'll have more to say in a column next week, but today the National Governors' Association announced that 46 states and the District of Columbia have joined a coalition in favor of common academic standards. Only South Carolina, Alaska, Missouri, and Texas have held back. From the NGA press release:

By signing on to the common core state standards initiative, governors and state commissioners of education across the country are committing to joining a state-led process to develop a common core of state standards in English language arts and mathematics for grades K-12. These standards will be research and evidence-based, internationally benchmarked, aligned with college and work expectations and include rigorous content and skills.

The caveat here is that once the coalition develops the standards, each state will be able to choose whether or not it will actually adhere to them. Unless the federal government provides some sticks and carrots, there will be little incentive for politicians from low-performing states, like Mississippi, to enact the standards. After all, doing so would reveal just how little those states' school children are actually learning, and to what a pitifully low standard they've been held.

But this is still big news. It wasn't that long ago that proponents of common standards believed the best they could hope for were regional standards. In other words, instead of our current system of 50 different state curricula, groups of states would band together and agree to share one system. But in recent months, the political calculus has shifted considerably, with national standards emerging as education reform common ground between teachers' unions and some of their opponents within the Democratic coalition -- those who broadly support teacher merit pay, an expansion of charter schools and vouchers, and alternative-certification programs for teachers. All of these folks can agree, seemingly, that the system would benefit from some regularization.

Of course, anti-testing advocates are likely to be quite skeptical of this move, which has the potential to lead to national assessments. At this early stage, though, it is totally unclear whether common assessments would even be an outgrowth of common standards.

--Dana Goldstein

Tom Goldstein of SCOTUSblog studies Sotomayor's abortion rulings:

• GM files for bankruptcy. Washington will give the company an additional $30 billion to play with, and will take a 60 percent stake in return. The U.S. isn't the only government taking ownership: Another 12 percent goes to Canada.

• The Nevada legislature overrides a veto and legalizes domestic partnerships.

• Someone who hasn't parsed the phrase "pro-life" very carefully has killed an abortionist.

• The emergency powers behind the Fed's Wall Street bailouts.

• Irony alert: A report making the case for stronger intellectual property rights was partly plagiarized.

by Mark Silva

As President Barack Obama prepares to depart Tuesday for a trip that will carry him from Saudi Arabia to France -- with an address to the Muslim world from Cairo in the middle of the journey -- he is starting to aim his megaphone at a global audience.

In an interview with the BBC on the eve of the trip, the president was asked about delivering his appeal for peace to the Muslim world from a city, Cairo, where many political prisoners are being held, and how he can reconcile the two.

"The message I hope to deliver is that democracy, rule of law, freedom of speech, freedom of religion those are not simply principles of the West to be hoisted on these countries, but rather what I believe to be universal principles that they can embrace and affirm as part of their national identity,'' Obama said in an interview airing this evening.

"Now, the danger, I think, is when the United States or any country thinks that we can simply can impose these values on another country with a different history and a different culture .. our job,'' Obama tells BBC interviewer Justin Webb.

"Absolutely we'll be encouraging ......and I think the thing that we can do most importantly is to serve as a role model, and that's why, for example, closing Guantanamo from my perspective -- as difficult as it is -- is important, because part of what we want to affirm to the world is that these are values that are important even when it's hard, maybe especially when it's hard -- and not just when it's easy."

Part of the interivew will be broadcast on BBC World News and BBC World Service radio at 9 pm United Kingdom time, and the full interview will air on Tuesday a 04:30 am UK time. The BBC Obama interview also will be shown online.

The president leaves Tuesday evening for Saudi Arabia, where he will hold private meetings with the king before traveling to Cairo for his public address on Thursday, and then on to Dresden, Germany, for a visit to the Buchenwald concentration camp, and finally to Paris for commemoration of the 65th anniversary of the Normandy landing.

... and today's comes from The New York Times, which describes why you should not take financial advice from The New York Times. Our heroine is 63-year-old laid-off office assistant Eileen Ulery, who demands in the name of all that's sacred that her mortgage lenders (Bank of American by way of Countrywide) haircut the $143,000 she owes them.

What supposedly makes Ulery the "face of the latest wave of troubled American homeowners" is that she wasn't just some arrogant house-flipper. The Times goes to great lengths to establish her Yankee frugality. (Do they have Yankee frugality in Arizona?) She visits yard sales. She has a "round face" and "staccato laugh." She drinks $6 screwtop merlot -- a mark of thrift in the eyes of the apparently Fred Franzia-hating Paper of Record. She "tracks her monthly expenses on a color-coded spreadsheet." (Does she dot the i in "debit" with a frowny face?). And the clean living doesn't end there:

Far from being one of those who used easy-money loans to speculate on homes proliferating across the desert soil of greater Phoenix, she has lived in the same modest, stucco-sided condo in suburban Mesa for a dozen years. She bought the two-bedroom home in 1997 for $77,500.

But somehow she now owes $143,000 on the dump, which after ballooning above $200,000, now assesses around $122,000. Where did the money go?

Like tens of millions of other American homeowners, she added to her mortgage balance as the value of her condo swelled, at one point exceeding $200,000. She refinanced to pay off some credit cards and settle into a 30-year, fixed-rate loan. Later, she took out a home equity line of credit to buy a new Hyundai. She refinanced again in 2007, borrowing $20,000, mostly for a new roof.

I think we need to see one of those color-coded spread sheets. Subtracting the current $143,000 mortgage from the closing price of $77,500, I get $65,000. According to HyundaiUSA.com, the MSRP for the most expensive Hyundai in the lot, the four-door Genesis, is a cool $32,250. Even if we assume the humble-as-Uriah Heep Ms. Ulery bought that top-line model, and we add that to the cost of the roof, there's still $13,250 unaccounted for. And I say it all went right up Ulery's nose!

I hope Ulery gets out of her predicament, but it is offensive to the proud tradition of true cheapskate-hood to see Times reporter Peter S. Goodman build this person up as a model of thrift who became a victim of circumstance. (Or not even that: Thanks to the inevitable "stress-related illness," Ulery has chosen not to "pursue another paycheck.") This is a protagonist who, after all her bargain-hunting and spreasheeting, looks in the mirror and realizes the true villain is the bank that lent her all that money when she asked for it:

As she sees it, the same banks that generated the mortgage crisis are now getting public money to fix it, while doing little more than seeking new fees.

"I don't think the government gets it," she said. "These are the same people you couldn't trust before."

Well, she's right about that last part; just not in the way she thinks.

I know there's nothing as inescapable as blogs that are indefatigably called "indispensable," but this link is courtesy of the truly indispensable Calculated Risk, which nicely explains the madness of leveraging your most valuable asset to pay your most insignificant debts -- which of course is the real story the Grey Lady buried here.