Despite dozens of questions, the most important one remains, why . It is a personnel matter. No its not a personnel matter. Youre selecting a public official. Why is that a personal matter . Board made the decision much thats all there is to say. And so the board of ed saying it wants to take mcps in a new direction all the while refusing to tell anyone what direction that is. As far as superintendent starrs replacement goes mcps will soon launch a nationwide search. No word if it already has any candidates in mind. Live in rockville, kevin lewis, abc 7 news. Thank you. Now, while starr will be gone from the School System this month, he wont be off the payroll until the end of june. Thats just under 100,000 in pay. Hell be paid 46,000 for unused time off and have his Health Insurance paid for the remainder of the year unless he gets another job first. Hes also being allowed to drive his countyowned jeep until the end of march. New at 5 00 d. C. Public schools admitting now that private
Michael, cnbc contributor for destination Wealth Management and Mary Thompson joins us as well. Russ, youre saying its not priced in at this point. What should we be worried about . Its not priced in. Its very hard to find much evidence, either from investors or the sell side that people really expect to go over the fiscal cliff. I think what that means is if we get into the end of the year and looks like negotiations are not going forward, we may not solve this before 2013, were likely to see rise in volatility, likely to see selling. How bad could it be . If you look at what might happened, in other words, we go from an environment where the economy is chugging along, uninspiring but growing 2 , to go over the fiscal cliff which means for that period when were over the fiscal cliff, contracting, that suggests that multiples come down probably as much as 10 . In addition youre likely to see drop in earnings estimates as well. Some real risk if we go over the cliff. A lot. Michael, you
The 37th season of the Bemidji Area Church Musicians Summer Recital Series continues at noon on Wednesday, June 19, at Trinity Lutheran Church, 123 29th St.