You searched for stories published on May 19, 2009
Since 1970, consumer debt has increased by more than 1,808 percent, with revolving debt going up more than 18,000 percent.
Yes it's shocking, but here's how the numbers break down.
In 1970, the US population was about 203 million. According to the Board of Governors of the Federal Reserve System's statistics, total consumer debt was $132 billion with just over $5 billion in revolving debt.
The layoffs affecting teachers and certificated staff in Seattle Public Schools for 2009-10 will total about 172, the district reported in a news release Monday.
Superintendent Maria Goodloe-Johnson confirmed the details, all of which are in response to an estimated $34 million budget shortfall for 2009-10. The layoffs account for 5 percent of the total certificated workforce, although Goodloe-Johnson said in the news release she was optimistic that retirements and resignations would allow the district to recall some of those who are being laid off.
After three years of planning a new method for assigning students to a school, the School Board is ready to vote on a proposal next month.
Public hearings will be held on June 3 and June 17, with a vote scheduled for the latter date. The new student-assignment plan would begin to be implemented in fall 2010.
At recent board meetings, parents have insisted that "proximity to home" should be the number one priority in making the school assignment decisions.