Teachers go online to raise funds for supplies
Instructors at cash-strapped schools are tapping strangers to help give students the tools they need.
Kindergarten teacher Allison Wudarski is doing just that. She has been raising money online from strangers to buy supplies for her students in Philadelphia's blue-collar Kensington section and has gotten a "ton" of supplies such as notebooks, crayons and writing papers, according to The Associated Press. She has successfully funded seven campaigns over the past few years ranging from $200 to more than $500.
The Philadelphia School District is asking teachers to accept $103 million in concessions including wage cuts ranging from 5% to 13%. It faces a mammoth $304 million deficit. Twenty percent of the staff has been laid off. City officials were forced to borrow $50 million in order for the district to have sufficient funds to open for the new school year next week.
Many teachers are facing the same predicament. Requests from teachers on DonorsChoose are up 30% from last year, according to CNBC, which also noted that a survey by insurance firm Horace Mann found that 53% of respondents had their classroom supplies budget cut. An additional 26% spent $400 of their own money on supplies last year, up 3 percentage points from 2011.
Jonathan Berr does not own shares of the listed stocks. Follow him on Twitter @jdberr.
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[BRIEFING.COM] The stock market punctuated July with a broad-based retreat that sent the S&P 500 lower by 2.0% with all ten sectors ending in the red. The benchmark index posted a monthly decline of 1.5%, while the Russell 2000 (-2.3%) underperformed to end the month lower by 6.1%.
To get a better feel for what led to today's retreat, we'd like to look back to Wednesday, when the market had ample reason to rally, but did not. Instead, it ended basically flat after a sloppy day of ... More
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