Court Orders New Jersey to Increase Aid to Schools
CIGA Eric
Public spending deemed a constitution right in NJ. QE cannot stop because the system is utterly dependent on it. The late run in gold and silver suggests the market understands this reality.
Headline: Court Orders New Jersey to Increase Aid to Schools
The New Jersey Supreme Court ordered the Christie administration on Tuesday to increase state education aid by $500 million in the coming school year, saying it had failed to meet its constitutional obligation to provide adequate educational resources for poor and minority children.
In a 3-to-2 ruling, the court directed that the additional aid be distributed among 31 school districts in historically poor cities like Camden, Newark and Paterson — the so-called Abbott districts at the heart of a school financing case, Abbott v. Burke, that has roiled state officials and courts for three decades.
Source: nytimes.com
Good Morning Mr Sinclair,
I hope your travels are going well.
“Reprofiling is just a nice word invented by the politicians when they mean restructuring,” said Nicola Marinelli, a money manager at Glendevon King Asset Management in London, which oversees more than $150 million."
Best wishes,
CIGA Viktor
Dear Viktor,
Only QE can stop the Greek default!
Regards,
Jim
Jim.
I understand. Tanzania is a way to play China’s rise without being in China, or under the home grown, authoritarian free enterprise magnifying glass.
Big Tatanka
Dear BT,
Now you have it 100% correct.
Regards,
Little Tatanka (Jim)
