Cost of Loan Bailout, if Needed, Could Be $25 Billion
http://www.truthout.org/article/cost-loan-bailout-if-needed-could-be-25-billionA room at Tennyson Middle School that should be filled with eighth-graders learning about robotics, animation and lasers instead sits empty.
The tile floor is warped from recurring problems with standing water, and gaping holes in the ceiling signal where the campus custodial staff has quit replacing tiles that, they say, are just going to get soaked and rot away every time it rains.
http://www.wacotrib.com/news/content/news/stories/2008/05/08/05082008wacWISDbond.htmlWhat I found was shocking; brown, undrinkable water coming out of school fountains, ancient boilers, freezing classrooms where children have to wear winter coats during lessons, crumbling staircases, the list goes on.
http://www.citynews.ca/blogs/familymatters_7403.aspxEighty-eight percent of the state's school districts report at least one school not meeting health or safety standards. Some startling examples paint a vivid picture of the problem:
· In Yuma County, part of a roof collapsed in the elementary school.
· In Conejos County, students have had to dodge tiles falling from a sagging roof.
· And in eastern El Paso County, part of a student's desk, with the student in it, fell through the rotted floor of a classroom trailer.
http://denver.yourhub.com/Thornton/Stories/Education/General-Education/Story~396655.aspxAnother GAO report has estimated that repairing and upgrading schools would cost $11 billion. (this is from a 1996 article)
http://www.time.com/time/nation/article/0,8599,6891,00.htmlSchools need basic repairs or replacement all over our country -- hundreds of billions of dollars of work projects that cannot be shipped to China.
http://www.commondreams.org/views04/0420-09.htm"Martin Luther King Junior High School," notes the Post-Dispatch in a story published in the early spring of 1989, "was evacuated Friday afternoon after sewage flowed into the kitchen.... The kitchen was closed and students were sent home." On Monday, the paper continues, "East St. Louis Senior High School was awash in sewage for the second time this year." The school had to be shut because of "fumes and backed-up toilets." Sewage flowed into the basement, through the floor, then up into the kitchen and the students' bathrooms. The backup, we read, "occurred in the food preparation areas."
http://www.thirdworldtraveler.com/Third_World_US/SI_Kozol_StLouis.htmlCredit crunch forces the U.S. government to bail out mortgage lenders with $5.3 TRILLION of loans on their books
http://www.dailymail.co.uk/news/worldnews/article-1034829/Credit-crunch-forces-U-S-government-bail-mortgage-lenders-5-3-TRILLION-loans.html