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3:24 pm
Fri December 7, 2012

School District Owes $1 Billion On $100 Million Loan

Students leave Miramonte Elementary, in the Clovis Unified School District in Los Angeles. School districts across California have taken out loans requiring payments that far exceed the original loan amounts.
Damian Dovarganes AP

Originally published on Fri March 21, 2014 3:10 pm

More than 200 school districts across California are taking a second look at the high price of the debt they've taken on using risky financial arrangements. Collectively, the districts have borrowed billions in loans that defer payments for years — leaving many districts owing far more than they borrowed.

In 2010, officials at the West Contra Costa School District, just east of San Francisco, were in a bind. The district needed $2.5 million to help secure a federally subsidized $25 million loan to build a badly needed elementary school.

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History
3:24 pm
Fri December 7, 2012

Company Auctions Off Letters From Freud, Van Gogh

Originally published on Fri December 7, 2012 10:50 pm

Transcript

AUDIE CORNISH, HOST:

In the age of text messages, Twitter and Gchat, it's easy to consider the art of letter writing a lost one. But if you've got money to spare, why not lose yourself in the words of someone famous - like artist Vincent Van Gogh?

JOSEPH MADDALENA: (Reading) I myself believe that the annoyances one experiences in the ordinary routine of life do as much good as bad. The thing that makes on fall ill, overcome by discouragement today, that same thing gives us the energy, once the illness is over, to get up and walk to discover the next day.

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Around the Nation
3:24 pm
Fri December 7, 2012

Unemployment Falls To Lowest Rate In Four Years

Originally published on Fri December 7, 2012 10:50 pm

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.

AUDIE CORNISH, HOST:

And I'm Audie Cornish.

The nation's unemployment rate fell to 7.7 percent in November, that's the lowest it's been in four years. The Labor Department's latest jobs report released this morning showed employers added more jobs than expected.

But as NPR's Jim Zarroli reports, economists warn these new numbers aren't what they appear to be.

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The Two-Way
3:15 pm
Fri December 7, 2012

Winning Ticket Submitted For Second Half Of Powerball Jackpot

The remaining winner of the $587.5 million Powerball jackpot has come forward to claim their share of the prize, according to lottery officials in Arizona, where the winning ticket was sold, according to ABC 15 TV in Phoenix.

The Nov. 28 drawing produced two winning tickets: one in Arizona, and one in Missouri, where Cindy and Mark Hill have already claimed their share of the prize.

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The Two-Way
2:59 pm
Fri December 7, 2012

Supreme Court Will Review Two Gay Marriage Cases In 2013

Same-sex marriage proponent Kat McGuckin of Oaklyn, N.J., holds a gay marriage pride flag in front of the Supreme Court Nov. 30, 2012. The court says it will review two cases related to same-sex marriage in 2013.
Chip Somodevilla Getty Images

Originally published on Fri December 7, 2012 7:05 pm

The Supreme Court has decided to take up cases involving California's Proposition 8, which bans gay marriage, and a provision of the federal Defense of Marriage Act. The justices' rulings on the cases are likely to be announced next June, after arguments are heard in the spring. Advocates on both sides of the issue were welcoming the news.

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