Business & Education

The Record
5:37 pm
Fri September 21, 2012

Universal's Purchase Of EMI Gets Thumbs Up In U.S. And Europe

The catalog of The Beatles, which was owned by EMI, will be among the assets that the Universal Music Group gets to keep.
Jim Gray Getty Images

Originally published on Thu October 4, 2012 2:20 pm

And then there were three — record labels, that is. Regulators in the United States and Europe have approved the acquisition of EMI Music by Univeral Music Group. The combined label will own close to 40 percent of the world music market with a trove of acts that includes The Beatles.

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The Two-Way
5:34 pm
Fri September 21, 2012

Kickstarter Says It 'Is Not A Store' As It Revises Policy On Projects' Risks

A screengrab shows three highly funded Design projects currently on Kickstarter's site. The company's founder say they will require more information about the challenges potential entrepreneurs could face.
NPR

Originally published on Fri September 21, 2012 10:06 pm

Even as it has received praise for bringing innovative ideas to life, Kickstarter has been criticized for allowing creators to be a little fuzzy about their plans — and for providing little recourse to investors who become unsatisfied with the project they've supported. The site has now announced changes that it hopes will ease those troubles.

The biggest change is a new section called "Risks and Challenges," which requires potential entrepreneurs to list the obstacles they face, and how they plan to deal with them.

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The Two-Way
8:49 am
Fri September 21, 2012

Another iPhone, Another Day Of Long Lines And Big Hype

In Tokyo today, a customer on line for the iPhone 5 was wearing a Steve Jobs mask.
Yoshikazu Tsuno AFP/Getty Images

Originally published on Fri September 21, 2012 9:51 am

It's a "now familiar global ritual," as The Associated Press says: Apple fans are lining up today at stores "from Sydney to Paris to pick up the tech juggernaut's latest iPhone."

That would be the iPhone 5, which the company unveiled earlier this month.

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The Two-Way
5:05 pm
Thu September 20, 2012

Senate Report: Multinationals, Including Microsoft, Avoided Billions In Taxes

Microsoft headquarters in Redmond, Wash.
Elaine Thompson AP

According to a Senate investigations subcommittee, Microsoft Corp., Hewlett-Packard Co. and other multinational corporations took advantage of an ambiguous U.S. tax code to avoid paying billions of dollars in taxes.

Here's how Bloomberg wraps it up:

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Two-Year Colleges
4:42 pm
Thu September 20, 2012

Ala.'s 2-Year College Head To Earn $271K A Year

Board votes on new two-year college chancellor Mark Heinrich's salary.
Shelton State Community College

The new chancellor of Alabama's two-year college system will receive more than $270,000 a year.

Mark Heinrich has agreed to a three-year contract that will pay him $250,000 annually in salary. It will also provide a yearly housing allowance of $21,000.

The State Board of Education approved the deal Thursday. Heinrich has agreed to the terms but still has to sign the contract.

The board voted last week to hire Heinrich, who has been president of Shelton State Community College in Tuscaloosa.

Business
11:35 am
Thu September 20, 2012

Is Putting Politics On Display Bad For Business?

A used-car lot displays a sign in support of Republican presidential candidate Mitt Romney in Manchester, N.H., in January.
Justin Sullivan Getty Images

Originally published on Fri September 21, 2012 11:43 am

Every election season, political signs sprout like dandelions from lawns across America. They also pop up at more than a few businesses. For some, expressing political preferences is a calculated move to attract customers. But it can just as easily turn clients away.

Jeff Reiter, who owns the Blue Plate Lunch Counter & Soda Fountain in Portland, Ore., proudly displays a 2008 Obama campaign sign inside his restaurant and says he has "never tried to hide" his support for the president.

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The Two-Way
11:31 am
Wed September 19, 2012

Teachers, Students Head Back To School In Chicago

Students at Frazier International Magnet School wait outside before the start of school on Wednesday in Chicago.
Scott Olson Getty Images

Tens of thousands of students are back in school this morning in Chicago.

As we told you yesterday, the Chicago Teachers Union voted to end the seven-day walkout. This morning, reports The Chicago Sun-Times, everyone was excited to get back to normal — the teachers, the students and even the mayor.

The Sun-Times reports:

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Business & Education
8:36 am
Wed September 19, 2012

Historically Black Ala. Colleges Get Big Grants

Alabama State University is receiving nearly $4 million in federal grant money from the U.S. Department of Education.
manifestcollegemag.com

The U.S. Department of Education is awarding millions in grants to historically black colleges in Alabama.

The five-year grants will affect curriculum and teaching programs, campus building improvements and the purchase of scientific equipment.

Prepaid Tuition
4:31 pm
Tue September 18, 2012

Supreme Court To Hear Ala. Prepaid Tuition Case

The legal battle over Alabama's financially troubled prepaid college tuition program heads back to the Alabama Supreme Court.
BOC Alabama State Treasury

The legal battle over Alabama's financially troubled prepaid college tuition program is headed back to the Alabama Supreme Court.

A Montgomery judge ruled Monday that a law passed by the Legislature in the spring to permit reduced tuition payments is constitutional. The state Supreme Court had asked Circuit Judge Johnny Hardwick to review the law before the high court considers it.

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The Two-Way
8:11 am
Sun September 16, 2012

Chicago Teachers To Meet About New Contract, Possibly End Strike

Striking Chicago teachers and their supporters attend a rally at Union Park Saturday in Chicago.
Scott Olson Getty Images

Originally published on Sun September 16, 2012 9:37 pm

Update at 8:03 p.m.

Chicago Mayor Rahm Emanuel says he wills seek a court order to end the teachers strike, and that the strike is illegal under state law.

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The Two-Way
10:22 am
Fri September 14, 2012

University of Texas In Austin Reopens After Bomb-Threat Evacuation

Originally published on Fri September 14, 2012 1:13 pm

Update at 12:57 p.m. ET. University of Texas Reopens:

The University of Texas has reopened, after a phoned bomb threat prompted the evacuation of its entire Austin campus this morning.

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Economy
3:24 am
Fri September 14, 2012

Discouraged In Hunt For A Job, Many Stop Looking

A job fair was held at the The Walter E. Washington Convention Center in Washington, D.C., last month. The U.S. unemployment rate declined in August in part because the number of "discouraged workers" climbed.
Chip Somodevilla Getty Images

Originally published on Fri September 14, 2012 10:43 am

The U.S. population is growing. In normal times, the labor force — working or not — would be growing too. But these are not normal times, and the labor force is actually smaller than it was four years ago, meaning millions of people who should be there aren't.

The reasons people drop out of the workforce are myriad. People go back to school. Others have health issues or family priorities that keep them from looking for work. But some stop looking because they are discouraged.

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Two-Year Chancellor
5:22 pm
Thu September 13, 2012

Tuscaloosa President Chosen Alabama Chancellor

Shelton State Pres. Mark Heinrich has been named the chancellor of Alabama's two-year college system.
Shelton State Community College

The State Board of Education has chosen the president of Shelton State Community College to be the chancellor of Alabama's two-year college system.


The board voted unanimously Thursday to select Mark Heinrich of Tuscaloosa over Blake Flanders, who is vice president of workforce development for the Kansas Board of Regents. Board members said they were swayed by the way Heinrich got Shelton State back on sound ground after corruption problems in some of Alabama's two-year colleges.

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Education
3:37 pm
Thu September 13, 2012

Teacher Evaluation Dispute Echoes Beyond Chicago

One of the primary disputes in the Chicago Public Schools teachers' strike is over Mayor Rahm Emanuel's proposal to link teacher pay to student performance.
Robert Ray AP

Originally published on Thu September 13, 2012 10:19 pm

One of the primary issues at the heart of the the Chicago teachers' strike is whether student test scores should be used to evaluate teachers and determine their pay. Mayor Rahm Emanuel is pushing that approach, as are other officials around the nation.

But many teachers insist that it's inherently unfair to grade their teaching based on their students' learning.

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Education
1:51 pm
Thu September 13, 2012

What's At Stake For U.S. Teachers

Chicago Teachers Union members picket the CPS headquarters in Chicago on Thursday, the fourth day of their strike.
John Gress Reuters/Landov

Originally published on Fri September 14, 2012 3:46 pm

The intractable issues that led to the teachers' strike in Chicago are being argued about in states and school districts across the country.

The past decade has been a time of enormous ferment in education policy, with numerous new ideas and approaches being promoted by everyone from conservative think tanks to the well-heeled Bill & Melinda Gates Foundation to Obama administration officials.

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