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Teacher pay is a small part of a giant puzzle of how to keep public schools running smoothly and effectively. Funding a school receives, however, can have an impact on a student’s experience. This elementary school in Chesterfield, South Carolina knows all about it. In the eyes of a kindergartener, school is just school, and they believe it's the same for everyone. However, their teacher, Natalie Melton, knows that's anything but true."It’s absolutely not fair,” she says. “All children deserve the same opportunity. All teachers deserve the same opportunity to use the same things to teach them.”But the way schools get their funds is part of a system that’s been in place since the mid-1970s.It’s a system superintendent Harrison Goodwin says needs to change.“It’s never going to be equal, because the resources that children are born into are never gonna be equal,” Goodwin says. “What we have to find is some way to make up for the equity of it.”Schools get their money from a mix of federal state and local sources, but nearly half their funds come from local property taxes. Chesterfield is a high-poverty, rural community. It's a problem faced by educators in states across the U.S.“At this school, we're probably about 70 to 72 percent high poverty,” Goodwin says.In South Carolina, he says there is a direct correlation between poverty and test scores.It means schools feel the need to do more with less. If Melton could send one message to the nation’s politicians, it’s this.“I would implore them to rethink some of the decisions they made to allocate things for education,” she says. “Every child deserves an opportunity to learn just like everyone else, no matter where you’re from, no matter where your parents are from or how much money your parents make. Any of that, all that, should be the same.” 1830
Technology used at South Florida grocery chain is taking online grocery shopping to the next level. The sound of plastic bins flying around on a conveyor belt is music to Javier Herran's ears. “I refer to it as a symphony of chaos,” Herran says.The well-oiled machine does all the grocery shopping for you. “It’s basically a giant vending machine,” Herran describes. Except this vending machine can hold over 100,000 items for Sedano's supermarkets’ new online ordering platform. “This is the first automated micro-fulfillment center in the world,” explains Curt Avalon with Takeoff Technology, the company that developed the robotic system. Instead of an employee walking through a store to manually gather the items in an online order, the machine does all the work. It travels through a system of conveyors and elevators, bringing the shelves to the employees. "So we can pick an item in about three seconds, where if you're shopping on the sales floor, its 60 to 90 seconds an item,” Avalon says. That efficiency is what sold Herran, who is Sedano's marketing director. "We can get an order done in 10 minutes or less versus an hour or hour and a half shopping on the sales floor," Avalon says. Finished orders are taken to an online pickup area in Sedano’s various stores for customer’s to pick up. The robot isn’t replacing human jobs. Sedano's says it’s actually adding jobs, since the warehouse must be manned. 1433
The Dow fell more than 800 points Wednesday after the bond market, for the first time in over a decade, flashed a warning signal that has an eerily accurate track record for predicting recessions.Here's what happened: The 10-year Treasury bond yield fell below 1.6% Wednesday morning, dropping just below the yield of the 2-year Treasury bond. It marked the first time since 2007 that 10-year bond yields fell below 2-year yields.US stocks fell as investors sold stock in companies and moved it into bonds. The Dow was about 2.8% lower. The broader S&P 500 was also down 2.8% and the Nasdaq sank 3.1% Wednesday.CNN Business' Fear and Greed Index signaled investors were fearful. The VIX volatility index spiked 26%.Investors are on edge because the German economy shrank in the second quarter, and the US-China trade war still looms large over markets despite the latest truce. Industrial production in China grew at the weakest rate in 17 years in July.As the global economy sputters, investors are plowing money into long-term US bonds. The 30-year Treasury yield fell to 2.05%, the lowest rate on record.Government bonds — particularly US Treasuries — are classic "safe-haven" assets that investors like to hold in their portfolios when they're nervous about the economy. Stocks, by contrast, are riskier assets that tend to be more volatile during economic slowdowns.Gold, another safe-haven asset, rose 1% Wednesday.Here's what this all means: Normally, long-term bonds pay out more than short-term bonds because investors demand to be paid more to tie up their money for a long time. But that key "yield curve" inverted on Wednesday. That means investors are nervous about the near-term prospects for the US economy. Bonds and yields trade in opposite directions, so yields sink when investors buy bonds.Part of the yield curve has been inverted for several months. In March, the yield on the 3-month Treasury bill rose above the rate on the 10-year Treasury note for the first time since 2007. It inverted again on July 24 and has remained negative. But Wednesday marked the first time in over a decade that the "main" yield curve — the 2-year / 10-year ratio — had inverted.That spooked Wall Street, because an inversion of the 2/10 curve has preceded every recession in modern history. That doesn't mean a recession is imminent, however: The Great Recession started nearly two years after the December 2005 yield-curve inversion.William Foster, Moody's lead US analyst, predicts the US economy will avoid a recession in 2019 and in 2020, despite the yield curve inversion's warning sign. He expects growth to slow in the second half this year into 2020.The US economy remains strong: Unemployment is historically low, consumer spending is booming, and the financial system is healthy."Even though we're discouraged by the yield curve's shape right now, we see few signs of danger ahead," said John Lynch, LPL Research chief investment strategist, in a blog post.Stocks have grown volatile lately, with the Dow plunging and rising more than 350 points in each session this week. But the yield curve inversion doesn't mean the stock market is about to collapse. The S&P 500 has rallied 22% on average between the first time a yield curve inverts and the start of a recession, Lynch noted.Following the last yield curve inversion in 2005, stocks rose for 12 straight months. 3400
The center of Hurricane Dorian made landfall at 8:35 a.m. Friday over Cape Hatteras, North Carolina, with maximum sustained winds near 90 mph, according to the National Hurricane Center.Overnight, the storm lashed parts of North Carolina and Virginia with rain, storm surges and strong winds as it brushed up against the coast as a Category 1 storm.Before it lost some of its strength early Friday, Dorian caused flooding in parts of the Carolinas and spawned a number of tornadoes, officials said. More than 387,000 people were left in the dark in South Carolina, North Carolina and Virginia, 606
The fight over the future of vaping isn't over in Michigan. In September, Gov. Gretchen Whitmer made Michigan the first state to ban the sale of flavored e-cigarettes. The governor argued the flavors lead to teen vaping. Michigan vape shops fought back and got a judge to block the ban. The preliminary injunction is a win for the businesses, but the governor is vowing the fight isn't over yet. "Ninety-percent of the products we sell are e-flavored," says Ron Pease. Pease is the CEO of Mister-E-Liquid in Grand Rapids, Michigan. The ban the governor put in place would cause major damage to his business. "We have 70 employees so that would impact all 70 employees," Pease says. While Whitmer argues vaping attracts youth, Pease disagrees. "That's the wrong path because the target demographic here at Mister-E-Liquid is 35 to 55,” Pease says.The judge that issued the temporary ban cited the damage it would do to businesses like at Mister-E-Liquid.Michigan's governor isn't backing down, vowing to take the case to the Supreme Court. This means a court ruling that lets vape shops sell their flavored liquids now does not mean they will continue to be on shelves forever. "You can’t take away 80-90 percent of your gross sales and still sport the same business as you did before, that’s economics 101," Pease says. 1332