Funding
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High Praise for "Making Money Matter"As part of Goals 2000, passed in 1994, the U.S. Congress declared that "all students can learn and achieve to high standards and must realize their full potential if the United States is to prosper." As a follow up to this declaration, a later appropriations bill called for a study of K-12 public school finance by the National Academy of Sciences. A committee on education finance was established (which consisted of the top education and economic researchers in the field) and the key question posed to them was "How can education finance systems be designed to ensure that all students achieve high levels of learning and that education funds are raised and used in the most efficient and effective manner possible?" The not so simple answers are in the committee's report.
Since the 1966 publication of the Coleman Report, researchers have continually reexamined the report's controversial finding that after controlling for socioeconomic factors, variation in school resources does little to explain differences in student achievement. After examining the over 30 years of research that has followed this report, the committee on education finance that authored this study argues that money can and must be made to matter if the United States is to improve achievement in public schools for all students. A theme that emerges early in this work, and continues throughout, is the concept of funding adequacy. Adequacy in public school finance focuses not on the equality of per-capita expenditure, but on the sufficiency of funding for desired outcomes. Though the committee admits that applying an adequacy standard to school finance is an art, they argue forcefully throughout their report that it is part of the policy path that will yield the public education outcomes desired by the U.S. Congress in 1994 and by the President in 2001.
But, also in tune with popular perceptions, much of the book is devoted to documenting that making money matter requires more than just adequate funding. Explored are the often-suggested reforms of investing in the capacity of the education system, altering incentives, and empowering parents and schools to ensure that performance matters when officials make decisions about the use of adequate public school funds. Unfortunately, like many observers, the committee concludes that the challenges facing schools with a large percentage of disadvantages are particularly troubling and research offers few answers about how to improve educational opportunities for these youngsters.
Making Money Matter is written in a manner that makes it accessible and interesting to both policymakers and seasoned researchers. In Part I, the book begins with a brief overview of the charge to the committee, the shifting expectations placed upon public schools in the last half-century, and the real diversity that characterizes the existing system of governance and finance for public education in the United States. Given this backdrop, the committee lists the three goals they settled upon as a basis for their study: (1) a higher level of achievement in a cost-efficient manner, (2) breaking the nexus between student background and achievement, (3) raising revenue fairly and efficiently.
To better craft policy strategies to reach these goals, Part II of the book looks at fairness and productivity in school finance. Equity is first examined in terms of the struggle to reduce per-pupil-spending disparities through the courts. Next, they devote a chapter to examining the recent shift toward adequacy as the more desired goal of school finance reform, the technical challenges of implementing it, and the lukewarm response that state finance systems have given it. This study then examines the body of evidence on what improves the academic achievement of students. Concise, but thorough literature reviews are offered on the findings of regression based input-output studies, effective educational practice studies, and the institutional perspective.
In Part III, the committee assembled by the National Academy of Sciences offers specific strategies to achieve each of the three goals identified earlier. Better than just proposing a grand vision of overall reform, the committee chooses to summarize many feasible strategies, sites the relevant academic evidence on their viability, and then offers consensus opinions on the "best" strategies to pursue. Researchers should be interested in these consensus opinions because of the insight they offer regarding what a renowned group of economists, education specialists, psychologists, lawyers, and administrators jointly evaluate as the policy relevant implications that flow from the extensive body of research on this topic. Policymakers should pay particular attention to the suggested strategies because the consensus that formed them would also assist in building the political coalitions necessary to implement them.
Examples of a few of the suggested strategies to emerge from this book are that investing in the capacity of teachers is necessary and will be more effective if it is combined with a change in incentives that make performance count; charter schools and vouchers, rather than interdistrict or intradistrict choice programs, are the options most worthy of exploring for poor-performing city schools; and increasing adequacy and fairness in public school finance will require a greater revenue raising role for states and the federal government. On an optimistic note, the book concludes that most of the current challenges in public education can be met if the wealth of knowledge produced in this area is drawn upon. My hope is the appropriate people know of this valuable book and do exactly that.


Best fund raising book ever

Covers the basics of the school choice debate.
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Well written!
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Extremely Useful Reference
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David Bach really cares about his readers!On a side note, Mr. Bach has gone absolutely out of his way to personally help me. He has analyzed my financial situation and has drafted a personalized plan to help me attain my goals. He did all of this extra work for me on his own time, around my complicated schedule and for FREE. His books have given me great knowledge into investing and prioritizing my financial house, and his personal words of encouragement have made all the difference in the world to my life. As I slowly work my way out of debt, while planning for my future, all I can do is thank God I met Mr. Bach and that he is the wonderful author and kind man that he has proven himself to be. I couldn't have done it without his help.
Smart Women Finish Rich
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Very good. Inspiring and practical guide for set up.
A must read for everyone involved in fund raising
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prejudiceA significant part of the book is dedicated to Henry Ford Sr.'s warnings about the jewishation of the USA.
I've read Ford's book, a summary of his articles.
The book does not incite against Jews, it just explains increasing Jewish influence in the USA since 1880.
A book as 'From prejudice to destruction', Jacob Katz, 1980, Cambridge MA (Katz is an Israeli lecturer), explains why Jews after they had become full citizens in Germany, and even after they no longer were religious, still remained Jews, a distinct social group.
'Christianity and the Holocaust of the Hungarian Jewry', Moshe Y Herclz, 1993 New York University press, describes how in Hungary Jews monopolised the press.
David Sinclair, 'Hall of Mirrors', London, 2001 describes how Roosevelt's behavior in 1918 Versailles was influenced by New York bankers, who needed German reparations payments to France and Britain, so that these countries could pay back the WW I loans.
Last but not least, the Malaysian president in his statement to the conference of the Arab League a few months ago said about the same as Henry Ford Sr. published: 'Jews rule the world, by proxy'.
But with the obvious pro Jewish prejudice in mind it's not a bad book; that Hitler was in close contact with Ford can be read in: 'Rudolf Hess, Briefe 1908-1933, Herausgegeben von Wolf Rüdiger Hess, Einführung und Kommentaren von Dirk Bavendamm, München 1987.
Several letters to and from Ford are mentioned, also about matters that needed personal contact.
Revealing work.First, there was the fear for communism (Fritz Thyssen, Henri Deterding of Royal Dutch, Norman Montagu of the Bank of England ...). These people supported Hitler's party to win the working class and the ruined lower middle class away from communism.
Secondly, his anti-semitism (Henry Ford). Third, his racist/nationalist stance (the secret Thule society: a group of lawyers, judges, professors, policemen, aristocrats, scientists and businessmen). Fourth, friendly régimes (Mussolini).
And last but not least, the donations of his party members and his daily newspaper (a milk cow).
Pool gives us a penetrating picture of the political/economical situation in Germany after the First World War: the unbearable Versailles Treaty, the poverty, the unemployment, the hopeless division of the political parties and the plotting of von Papen and his backers, who supported Hitler when his party was losing support, for fear that his followers would jump over to the communists. Von Papen thought that after the elections, he would easily get rid of Hitler, a terrible mistake.
Pool convinced me of the ease with which money can subvert the democratic process.
One of the more controversial statements in this book is the reason of the abdication of King Edward VIII of England: not because of Mrs. Simpson, but because of his pro-Nazi attitude. This statement needed more underpinning.
How did a lowly corporal take control of a major nationThis diabolical genius took charge of the organization a short time after joining and in spite of numerous difficulties over the years built it into the largest party in Germany. He approached all major German groups-the down and out workers and small business men, the nobility, the military, the landowners, and the industrialists-by advocating positions that would appeal to each particular group. He conducted himself most properly in each situation-whether in a beer hall or at a formal elite gathering.
These appeals were frequently in conflict and caused considerable problems. The Nazis had a left wing group-it's name was National Socialist German Workers Party--that at times opposed some of Hitler's policies. In 1931 violent fighting broke out within the party between the left wing and the Hitler group.
Although he was able to obtain supporters from each major group-royalty, military, heavy industry--the overwhelming majority of the German elite were suspicious of Hitler up until the day he was appointed chancellor. Krupp and Farben major beneficiaries and supporters of the Nazis after Hitler came to power actually opposed his appointment.
His greatest support came from the lowly members of the party who suffered from the extremely chaotic conditions at the end of the war. They were then hit with an inflation which saw the mark which was approximately 4 to the dollar in July 1914 and 9 to the dollar in January 1919 go to over 4 trillion to the dollar at the height of the inflation in November 1923. And several years later the country suffered from the depression. During all this time the defeated nation was now required to pay reparations.
Quite a number of foreigners were supporters of the Nazis in the early years. A substantial number were the White Russians who were drawn to them because of their mutual hatred of the communists in Russia. Henry Ford and Hitler admired each other, based on their shared anti-semitism. From almost every country he had admirers who contributed. Hitler felt Germany's future ally should be England but at that time only Italy might be favorably considered. He sent an emissary to each country. In Italy he obtained support from Mussolini. In England no less than the head of the Bank of England and two of the top newspaper owners among others could be counted as allies.*
* His cutivation of the British subsequently bore fruit. After Hitler came to power British foreign policy was not antagonistic to his aggression in Europe. See "In Our Time: The Churchill-Hitler Collusion" and "1939 The Alliance That Never Was and Coming of WWII".


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Really practical and useful ...The author treats the subject in a ready-to-use, practical terms. The book discusses the most important financial steps the startup must take - financial plannning, understanding and attracting the right kind of investment and the financial execution during the early stage. Along the way, the author discusses the issues that one can only gain by many years of experience. Highly recommend it.
Finally, a practical book on this very important topicMost start-up business plans (and books and guidelines offered by experts) concentrate on product and technology, some sales and marketing, and the team and their history. They leave out many critical issues that are covered here. Rod Hoagland unfolds and discusses the critical links and feedback loops between the financial plan and the rest of the business plan in a very practical and understandable manner.
Chapters 3, 4, and 5 are particularly timely in today's difficult fundraising environment. They cover many of the topics that must be considered for fund raising, including alternatives to equity financing.
Section Two of the book (Ch. 8-11) tackles the very complicated subject of financial execution. While one can not expect a CFO/COO to pop out of the box here, the issues covered provide a comprehensive To DO list. Many definitions and explanations are provided. Using this section, a new company can plan staffing and outsourcing requirements. The confusing and now controversial stock options are explained at a high level. While the details of an employee stock option plan exceed the scope of this book, the basic definitions and guidelines provided here are very helpful considerations for new companies.