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FROM THIS EPISODE

"Common Core" is the public school curriculum designed to prepare every kid for college and a job in the global economy. But after initial acceptance nationwide, a backlash is growing -- all the way from the Left to the Right. We hear the pros and cons from the think tank to the classroom. Also, financial markets react to the Fed's anticipated slowdown on bond buying, and the battle over a great American fortune.

Banner image: BES Photos

Producers:
Kerry Cavanaugh
Evan George
Caitlin Shamberg

Making News Markets React to Fed's Anticipated Slowdown on Bond Buying 7 MIN, 49 SEC

The Federal Reserve's massive bond-buying program has provided a stimulus that's credited with helping the US claw its way back from the Great Recession. For the past two days, America's central bankers, led by Ben Bernanke, have been deciding whether it's time to rein it all in. Nela Richardson is Senior Economist with Bloomberg Government.

Guests:
Nela Richardson, Bloomberg Government (@NelaRichardson)

Main Topic Is Public Education Too Soft on American Students? 32 MIN, 36 SEC

"Common Core" is the new public school standards initiative requiring analytical skills with tough math problems and in-depth essays. It was devised by a committee appointed by the National Governors Association, and since 2010 it's been adopted by 45 states and the District of Columbia. Full implementation is planned for next year, but in many places it's already under way, with full implementation planned for next year. But an angry backlash has been developing from both Tea Partiers and progressives. Abysmally low scores on rigorous new tests have shocked teachers, parents and their children from New York to Kentucky. Some states want to abandon ship. What's the role of the Obama Administration? What about Bill Gates and other wealthy advocates of education reform? 

Guests:
Maria Ferguson, George Washington University (@mvferg)
Anthony Cody, Network for Public Education (@AnthonyCody)
Michael Petrilli, Thomas Fordham Foundation (@MichaelPetrilli)

Today's Talking Point The Storied Life (and $300 million) of Heiress Huguette Clark 10 MIN, 44 SEC

book.jpgThere's a new book called Empty Mansions, but the title is just the beginning of a story about extraordinary wealth that's led to a courtroom fight over one of America's great, but often forgotten, fortunes. Pulitzer Prize-winning reporter Bill Dedman was looking for a house outside New York City. He and his wife were amusing themselves with real estate listings so big they boggled the mind. They discovered a place in New Canaan, Connecticut — reduced from $35 to just $24 million. This was in 2009 — but, when they visited, they discovered it had not been occupied since the owner bought it in 1951! 

Guests:
Bill Dedman, Pulitzer Prize-winning reporter (@BillDedman)

Empty Mansions

Bill Dedman

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