Memorial Day 2017 Diane Ravitch's blog
A site to discuss better education for all
Edgar A. Guest: How the Race and the Battles Are Won
Oklahoma: Budget Cuts Devastate Schools




London, 29 June 2016 — Moody’s Public Sector Europe (MPSE) has today taken rating actions on 55 UK sub-sovereign entities (and associated 30 SPVs) covering the following sectors: (1) Local Authorities; (2) Transport for London; (3) Universities; (4) Housing Associations; (5) PRS Finance plc. The actions follow a referendum vote in favour of the UK leaving the European Union (EU) and the recent change in the outlook on the UK’s Aa1 government bond rating to negative from stable. For more details on the sovereign outlook change, please refer to Moody’s press release: http://www.moodys.com/viewresearchdoc.aspx?docid=PR_350566. …The outlook change on the ratings of 52 UK sub-sovereign issuers and associated SPVs reflects Moody’s assessment of the impact of the UK vote to leave the European Union along with the change in the outlook of the UK’s Aa1 sovereign rating to negative from stable, which has direct implications for sub-sovereign entities given the economic, financial and institutional linkages between the sovereign and sub-sovereign sectors.ECONOMIC AND FINANCIAL: Moody’s believes that there will be a prolonged period of uncertainty following the “leave” vote, which will weigh on the UK’s economic and financial performance. A downturn in the economic outlook in the UK has direct implications for UK sub-sovereign budgets through (1) potential slowing or declining transfers received from the central government, which make up a significant share of their revenue; and (2) further potential austerity measures included in the government’s next Budget and next Spending Review.

Every year Florida politicians reaffirm that Jeb Bush, Betsy DeVos/American Federation for Children and the Koch Bros./Americans for Prosperity with their promises of campaign cash and threats of well-funded primary opposition are really running the show. Given that members of the Florida legislature either profit from or own charter schools, what could possibly to wrong?What did [the House] leave us with? A piece of junk they’re forcing us to vote on now. It’s a monstrosity, we know its bad public policy but here we are in a take-it-or-leave-it situation. Schools of Hope are so utterly offensive and repugnant to teachers, principals and parents…


“requires a citizenry that understands our principles and problems. It requires skilled manpower and brainpower to match the power of totalitarian discipline. It requires a scientific effort which demonstrates the superiority of freedom. And it requires an electorate in every state with sufficiently broad horizons and sufficient maturity of judgment to guide this nation safely through whatever lies ahead.”
“a new standard of excellence in education and the availability of such excellence to all who are willing and able to pursue it.”
