Word: systemically
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...came when she and her husband worked on Republican Wendell Willkie's losing presidential campaign in 1940. According to Burns, "Before Willkie she had been pro-capitalist yet pessimistic, writing 'The capitalist world is low, unprincipled, and corrupt.' Now she celebrated capitalism as the 'noblest, cleanest and most idealistic system...
Washington's reading seems to be that we're not subsidizing housing enough. Congress, the Bush and Obama administrations and the Fed have been piling on new aid. For now, they may be correct to do so. With the banking system still shaky, further big declines in house prices could bring disaster. Slowing a price collapse is a reasonable aim of government policy. But as we dig out of this mess, we ought to ask whether the vast infrastructure of government support for homeownership that has been built up since the 1930s is really such a wise policy...
...doubt. Nearly 1 in 5 Catholic schools in the U.S. has closed its doors this decade. To non-Catholics, this may not appear to be something worth worrying about. But parochial schools are one of the largest (if not the largest) alternatives to the American public-education system, and their steady decline inordinately affects urban low-income minorities who would otherwise be left at the mercy of public schools that have proven incapable of educating them. (See pictures of the Pope...
None of this is occurring in a vacuum, says Samuel Casey Carter, a senior fellow at the nonprofit Center for Education Reform. "For more than 30 years, the Catholic Church has been supporting the public-school system, educating children that many said were uneducable," Carter says. "When these schools are closing at [a rate of] 100 to 200 a year, no matter how small they are, that ends up putting a massive burden on an already burdened public-school infrastructure." As he sees it, urban Catholic-school closures dump students back into a system that is ill-prepared to educate...
...money isn't reliable, maybe it's the system that needs to be overhauled, which brings us back to young John Eriksen's original point. Leaders have to divorce themselves from the church's old practices. "One of the big dirty phrases in Catholic education is 'It's a business,' " says Eriksen, who spent several years as a consultant for Catholic schools before becoming superintendent. "But at the end of the day, we are private-education providers. We charge tuition and offer a service in return, and a school run effectively is able to educate more people...