Share to Twitter Share to Linkedin Despite ongoing silent runs on the Regional and Community Banks, it appears that both Fed Chair Powell and Treasury Secretary Yellen view the events of the recent past (SVB VB , Signature Bank, First Republic, Credit Suisse, and now Deutsche Bank) as one-off events and not symptomatic of stress in the world’s financial system. The dictionary defines “obtuse” as “annoyingly insensitive or slow to understand.” We can’t think of anything more precise! The chart at the top shows the continued decline in the value of S&P’s Regional Banking ETF through the close of business on Friday (March 24 th ). On Wednesday, the Fed raised interest rates 25 basis points despite liquidity issues in the banking system and the apparent loss of confidence in that system by a significant portion of the public. During his press conference, Powell acknowledged some FOMC concerns over banking issues, said that they had considered a "pause,” … [Read more...] about Obtuse: The Fed & Treasury View Of Banking Issues
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How The Pandemic Has Killed Off Teaching As A Career
Share to Twitter Share to Linkedin Teacher numbers are in freefall, but while efforts to halt the slide focus on pay and workload, it's a side-effect of the pandemic that may yet prove fatal to recruitment: the rise of home-working. The shortage of qualified teachers is rapidly becoming the biggest problem facing education, as fewer people enter the profession and more leave the classroom prematurely. The situation is particularly acute at secondary level, with students increasingly being taught by non-specialists and school leaders struggling to fill vacancies, in some subjects, including physics, computing and foreign languages. Almost half of public schools in the U.S. have at least one teacher vacancy, with a quarter having multiple vacancies. In the U.K. a report this week revealed that the number of vacancies is almost double pre-Covid levels. Pay and workload are, as you'd expect, contributory factors. Teacher pay, the subject of … [Read more...] about How The Pandemic Has Killed Off Teaching As A Career