Students leave Miramonte Elementary, in the Clovis Unified School District in Los Angeles. School districts across California have taken out loans requiring payments that far exceed the original loan amounts.
More than 200 school districts across California are taking a second look at the high price of the debt they've taken on using risky financial arrangements. Collectively, the districts have borrowed billions in loans that defer payments for years — leaving many districts owing far more than they borrowed.
In 2010, officials at the West Contra Costa School District, just east of San Francisco, were in a bind. The district needed $2.5 million to help secure a federally subsidized $25 million loan to build a badly needed elementary school.
The remaining winner of the $587.5 million Powerball jackpot has come forward to claim their share of the prize, according to lottery officials in Arizona, where the winning ticket was sold, according to ABC 15 TV in Phoenix.
The Nov. 28 drawing produced two winning tickets: one in Arizona, and one in Missouri, where Cindy and Mark Hill have already claimed their share of the prize.
After African-American and Latino voters turned out in record numbers to reelect President Obama, leaders for both groups are turning up the pressure on him to return the favor.
They say that minorities, who put aside their disappointments with Obama's first term to support him again, now expect the president to spend his political capital on policies that will help their communities begin to recover from the recession. In the post-election euphoria, some leaders claim, certain voters are saying, "It's our turn."
This is TELL ME MORE from NPR News. I'm Michel Martin. Later in the program we'll crack open the mail bag to hear what you have to say about stories we covered this week. That's Backtalk and it's coming up. But first, we want to talk about the latest unemployment numbers which are now out. The Department of Labor says that unemployment is down to its lowest level since December 2008.
Originally published on Fri December 7, 2012 1:03 pm
Why Even Tragedy Gets A Laugh — When comedian Tig Notaro found out she had breast cancer, she incorporated the grim news into her stand-up routine--and got quite a few laughs from the audience. Notaro and neuroscientist Robert Provine discuss the origins of laughter, what separates the amusing from the truly funny, and why even tragedy sometimes gets a laugh.
Our first topic on the show this week follows indirectly from a correction we received about the current status of Andrew McCarthy: we talk about second acts (they do exist in American lives, you know), from child actors who now make cool videos and write great books to the complex question of whether going from