Transcripts For WCAU On The Money 20160828

Binders, it is backtoschool for millions of American Kids and teachers but should there be a thing. Is a two month vacation an idea whose time passed and should we break tradition and look at yearround education. That is our cover story this week. For some students, school is never out. Classes are in session all year long. 3700 schools are on a yearround school in 2011 and 2012, most recent available said that is 4 of public schools. Instead of a long summer off, the 180 Day School Year is being reorganized with Shorter Breaks throughout the year. Proponents say yearround school is designed to stem Summer Learning loss. Moej students lose thma schools and low income children lose reading schools. Another advantages include reducing student and children burnout and for low income families access to health care and free and low price meals but it creates scheduling problems for family. It hisard to find childcare during the breaks in the spring and fall and not all schools in the district have the same calendar, families have to juggle conflicting schedules. And with classes in the hot summer months, many schools dont have airconditioning. That adds to the price tag. Changing the calendar year is a big challenge for any school but does the switch really improve learning . Joining us now are david hornak of the National Association for year round education and christine campbell, the president of the West Virginia Teacher Federation of teachers. Thank you for joining us. David you have a couple of schools in your district on the year round schedule, why are you such a fan of this approach. We know benefits firsthand to the benefits of the calendar. Students and staff that operate on the calendar are able to take breaks for frequently and when students are actively engaging in learning they are more prepared to navigate the curriculum moving forward. Couple that with the fact that we have our faculty that are able to be reflective practitioners and able to look back at where theyve been and look forward to where they are going with periodic breaks. We find it is a great match. Christine, you guys also have schools in your district on year round calendars, is it a good approach and a good fit for everybody and what are some of the downsides . We do have a couple of schools in one district that are on a balanced calendar. We have a couple of schools that were and have gone back to the traditional calendar based on the fact that is it is too the logistics of it really dont work for multiple districts, for changing from one to the other, with all of the things that we have to coordinate statewide. It is interesting, david, that the argument over this approach really seems to be more about logistics than learning. Evidence on the learning is actually pretty mixed right. This has been debated for years. It is not clear that yearround school helps out come. The Newest Research is very, very clear. Outcomes for the students that are operating on a balanced School Calendar are outperforming the students on the traditional calendar. On average, a teacher on the traditional calendar is required to reteach between four and eight weeks annually after the summer intermission. If you were to combine that over time you find that students entering high school to be a year to a year and a half behind counterparts on the balanced School Calendar and just wonder why do we keep having the debate regarding adult issues in many cases. Christine, is the evidence clear in your view . Or is the jury still out . Well aside from the logistical problems, there are so many other things that actually also improve student achievement and tseho are some of the things that were working on in West Virginia. And that is providing Wraparound Services through community schools, it isn a opportunity to for the summer programs that we used to have, that improve literacy and actually connect College Students to Elementary School students are federally funded. In the summer, they are an opportunity for federal funded programs, but in the inteesrcsi inssit falow on th locals. And so the resources that it takes to provide some of those programs, we dont necessarily have in our rural areas. That is the final element of this, david. The cost issue. You guys yourself have had budget challenges. Is yearround schooling more expensive. The reality binehd this is, yes, we have a lot of resources that are being directed at our schools. I just wonder if we would be able to repuosrpe those resources in another way if we didnt continually be challenged by the summer slider, that Summer Learning loss that occurs annually. And would wager that if we could repurpose the funds that were putting into closing those learning gaps that we are in fact creating by operating on the traditional calendar, i just wonder what he had case would look like education would look like in the future. For now, most people are headed back to school. Thank you so much for joining us. It has been a pleasure. Thank you. Now here is a look at what is making news as we head into a new week on the money. Americas economy continues to grow at a sluggish race. The Gross Domestic Product grew an annual rate of 1. 1 for the second quarter, about what was expected. It is down a little bit from the last reading of the gdp. Most Analysts Expect it to pick up in the second half of the year. A sleepy week for the markets. The dow and s p 500 posting the lowest close on thursday. The nasdaq had a the first back to back losses in two months but stocks are mixed on friday. Signs of strength in americsa housing market, new home sales climb to the best levels since 2007. They jumped more than 12 last month to an annual rate of 65,0400. The best in nine years. Low Interest Rates and a strong jobs market are helping boost the numbers. And if you think the roads are more crowded these days. You are right. U. S. Driver logged a Record Number of miles in the First Six Months of the year. 1. 5 trillion miles exactly. That is up 3. 3 over last year. Falngli fuel prices and more efficient cars and Unemployment Rate factor in. Think of cleveland and you think of a river whose caught on fire in the 1960s, but think again. Cleveland does back and in a big way and Startup Companies are a huge part of the rebirth. Kate rogers has more. With a historic nba championship win for the cavaliers an the recent National Convention under its belt, cleveland is proving it is ready for the national spotlight. Now the city startup scene, rebuiltar torn down by two recessions is fighting for a shot of its own. Tom licks, founder of cleveland whiskey, launched his business in 2013 after selling his Software Company in boston. The startup uses new technology to accelerate the distilling from years to days, something that may not have been easy to build in a crowded city. Jump start is starting and have invested 35 million into 80 companies that have gone on to generate 2 billion. 30 of the investments are in women and minorityrun businesses. A decade ago, polices like cleveland places like cleveland didnt have this but nothw ey believe it is the future of the economy. Nationally it is ranked number 12 for the Small Business growth according to the Kaufman Foundation with 1100 Small Businesses for every 100,000 residents inhe t area. Local groups like the detroit shore Group Community Development Organization have helped raise 30 million to revalitize once troubled neighborhoods like the Arts District. Neighbors are Getting Better stronger and people are moving back into the city from the suburbs and outer cities and there is a strong desire to be here. And people are moving here quickly. Downtown is being revitalized with billions of dollars in new construction and influx of new residents. Since the early 2000s theyve seen a jump in 80 in population and a 70 increase in millennials. And more people means more business a tndhey are leaning on the support of locals to start to grow. The best part is being part of a revitalization and being part of that growth. What i was most impressed with the hustle and the drive the Small Businesses had and the support system from consumers to nonprofits to the main street businesses there, they are all so invested, kelly, in making sure that cleveland continues to suck cea sued itea see. And is it spreading throughout the whole city. Absolutely. There is about 3 billion approved in Construction Projects to go towards that Downtown Revitalization in 2016. That is a huge number. There is another area called the Gordon Square Arts District where old city soda is based and theyve undergone 30 million worth of revitalization over the past decade so they have taken them a much small terime but you could see that spreading out block by block. And it is inspiring and a great trip. Thank you for bringing it to us. Kate rogers. Up next, on the money, the ocean breezes could keep you cool and could do Something Else to give you a step closer to reality. And we have affordable destinations for you. And as we go to break, take a look at how the stock market ended the week. With this level of engineering it is a performance machine. With this degree of intelligence, it is a supercomputer. With this grade of protection, it is a fortress. And with this standard of luxury, it is an oasis. Introducing the completely redesigned eclass. It is everything you need it to be, and more. Lease the e 300 for 549 a month at your local Mercedes Benz dealer. The best or nothing. Im sebastian. Master and risktaker. I sold everything hi to o i hd to own a brewery. You might have heard of it. Stella artois. The legacy. Search from over 4 million cars and use your desktop and tagt or smartphone with no ads or distractions. In the search for Clean Renewable Energy to power the planet, one possible alternative solution is wind power. Jackie deangelis takes us to block island off the coast of rhode island where the countrys first offshore wind farm is just weeks away from powering on. It cost 300 million to build. But just three miles south of block island, construction of the first u. S. Offshore wind farm is nearly complete. When operation in early fall, this 30 megawatt project will provide energy to roughly 17,000 homes. That covers the island, and a little more. The project is the first of its kind in the United States. And estimates suggest it will reduce Consumer Power costs here by roughly 30 . Important to this community, where energy costs are among the highest in the nation. Deepwater wind, the Company Behind the conrustction of this five turbine wind farm, used private funds to construct it. It will receive a government subsidy in the form of a 30 tax credit. The wind turbine under construction behind me is almost 600 feet tall and about three miles off the southern most point of block island. Where this project is so important is because people say it lays the blue print for projects to come. It is the first off shore wind farm in the United States. And deepwater is using that blue print to plan the next project. A wind farm between block island and Marthas Vineyard that would generate a thousand megawatts for long island. I think in the next year or so well see off shore wind built and the opportunity is much larger than that because we have an offho sre wind resource off the coast. The department of energy said nearly 16,000 megawatts of off shore wind projects are in various stages of development. Analysts think growth wilbel high in the coming five years but these projects have their critics. Some unhappy homeowners say offshore wind farms are an eye sore that will hurt Property Values. That is one of the concerns, that the Property Values could be less now because you have this structure these structures that you are looking at instead of a beautiful view of the ocean. And while it brings down energy cost on the island, the rates locked are in double than what homes on main land pay. Depweater said the energy comes will come down as the Technology Gets deeper and the projects continue to scale up but this project is getting all of the attention and it is fuelling the debate around off shore wind projects in the United States. Kelly. Absolutely. Jackie, thank you. Our jackie deangelis. Up next, were on the money. If you want to stretch your retirement dollar, you could live even cheaper abroad and well tell you where. Later from yoga in the air to flashy arcade style gyms, how powers the Digital World . Communication. Like century link broadband that gives 35,000 fans a cuttingedge experience or a network that keeps the hotel chains guests connected at work and at play. Or the it platform that powers millions of ecars every day for one of the largest greeting card companies. Businesses count on communication and communication counts on century link. Century link, your link to what is next. You show up, you stay up. You listen, you laugh, you worry. You do whatever it takes to take care of your family. And when it is time to plan for your familys future, were here for you. Were legal zoom. And for over ten years weve helped families just like yours with wills and living trusts. So when you are ready, start with us. Doing the right thing has never been easier. Legal zoom. Legal help is here. If you are ready to stop working but want to move on to a new adventure, you could retire to another country. Would a new lifestyle be a permanent vacation or are there risks to consider. Kathleen petty court is publisher of live and invest overseas. Thank you for joining us. And how many people are considering making a move like this . A lot. Many more than you might imagine and more all of the time. Today it is an in increasely common mainid yeah. You have three destinations. Lets start with portugal. It is a wonderful country and has so much to offer the retiree. It has great weather. Very affordable cost of real estate and affordable real estate and beautiful beaches and medieval old towns and culture. It is the best of the old world and very affordable and in fact very welcoming of foreign retirees right now. Your other two locations closer to home in mexico and belize. What makes these places attractive to retirees. Mexico and Central America have been really the most popular destinations for this idea for a long time because they are so nearby, so accessible. Their sunny and sunshine and good weather is a top priority for retirees generally. As well as affordable, for cost of living and real estate if you want to buy a home of your own and both belize and puerto vallerta, mexico, in particular, offer all of those things. And another thing that both of these places, belize in particular and mexico offer is a established ex pat communities. And one of the biggest risks has to be health care. How does that work if you retire and move overseas. The truth is the standard in quality of health care in many places and in these three countries in particular could be as good or better than in the United States. And it is definitely going to be more affordable. Health care is more expensive in the United States than anywhere else in the world. And you could find very International Standard hospitals and other facilities an English Speaking doctors to get good care but the thing to understand is your u. S. Health insurance wont travel with you or cover you overseas. Do you recommend that people rent a home or is buying one the better decision . I strongly recommend renting first generally, because this isnt for everyone, frankly. Not everyone is going to be happy in this new life. And the first place you decide to settle, maybe that is not ideal for you and you want to move. If you bought a home, then it is more complicated. You have to resell and it is expensive and maybe you cant find a buyer. I really strongly recommend rent for six to 12 months at first, to make sure that the place youve chosen is the place you went to be and that the idea works for you in general. I have a feeling ill hear from my parents whose interest you have probably piqued here, kathleen. It is fascinating that more people are considering this and going ahead with that. Thank you for joining us. Up next on the money, a look at the news for the week ahead. And these new workouts are anything but boring. Well run through how someare a fitness routine. Go to listing all cars. Com and search from over 4 million cars and use your desktop and tablet or smartphone and it is fast and freniendly with no adsr distractions. Find it all on listing. Cars. Com. I joined the army in july of 98. I did active duty 11 years and joined the reserves. Our 18yearold was in an accident. When i called usaa, it was that voice asking if my daughter was okay. It was relief. It was nice to know someone cared and that i was okay and that was great. We are with usaa for life. We know what it means to serve. Call today to talk about your insurance needs. I am sebastian art ois. I old everything i had to own a brewery. You might have heard of me. Stella artois, the legacy. There is no one road out there. No one surface. No one speed. No one way of driving on each and every road. But there is one car that could conquer them all. The Mercedes Benz c class. You could adjust um oiz the steering and you could customize to the mood you are in and the road im hillary clinton, and i approve this message. Michael hayden if he governs consistent with some of the things he said as a candidate, i would be very frightened. Gillian turner hes been talking about the option of using a Nuclear Weapon against our western european allies. Max boot this is not somebody who should be handed the Nuclear Codes. Charles krauthammer you have to ask yourself, do i want a person of that temperament controlling the Nuclear Codes . And as of now, id have to say no. [bill oreilly sighs] for more on our showond our guests go to our website and follow us on twitter at on the money. Here are the stories coming up that may impact your money this week. On monday, a look at the health of the consumer when personal income and spending numbers come out. Tuesday, well see if home prices are going up or down when the case show home price index is released. And happy birthday to the oracle of omaha, Warren Buffett is turning 86 years young on thursday we get auto sales for the month of august and on friday the closely watched employment report comes out and well find out how many jobs were made in august. And the competition in fitness is fierce and studeooid are going all out to get you crazy fit. Diane oleic is here to show us the ropes, literally, i guess, from washington. Well, kelly, it started at small boutique Fitness Studios but national places like crunch are offering new ways to work the same old body and taking fitness to new heights. It actually feels really good. Whether you are hanng for the ceiling or bouncing off the wall, you are definitely not bored and that is the strategy behind new fitness offerings in a space that is getting increasingly crowded. How important is it to really mix it up . Oh, so important. I think nowadays, the students are getting much smarter. They are getting much more educated about fitness and wellness and the different offerings so it is important as a business to constantly innovate. At spark yoga in arlington, Virginia Point your toes. And then they are taking your downward dog up in the air, strengthening core and grip and decompressing your spine. But more than that, they are attracting people who just want something new. There is so much you could do between cycle and bar and aerial yoga and everything and so i just try and keep switching it up to stay active and not get bored with anything. Impossible to get bored at ag fix on manhattans upper east side. It is Something Like a human video game where you follow the lights on the floors and walls, working both body and brain. It is ridiculous. I have never sweat so much, worked out so hard and felt so tired when i was done. The technology is by a Spanish Company povva gym, they started in flooring but put in 30 workout studios across eure and theyell me they will double that in the next year. We fielded a ton of calls. A lot of people are really interested in the technology and now it is up to them to head over and check it out for themselves or come here and make the investment. The system costs over 100,000. But the payoff could be big. Because in fitness today, if you build it, and flash it up, they will come. Now not only are the Fitness Studios benefiting from the crazier workouts but the companies behind the crazy products are doing just as well, from Companies Like paffa gym to boxes and balls and kettle bells an boxing gloves and i could go on and on and it magz the growth in this sector. So you have sampled a bunch of new crazy and upside down workouts and how did you like them . Well, i will report on it if i hadnt done it and i thought the upside down aerial thing yoga is but when you are hanging upside down, your back is amazing. As for the other pin ball thing, it was fun, i dont know how long i would do it. If i would get the month long membership. But it was definitely fun for a group of people or bring your fans or as a destination. Diana, thank you. Diana olick again, trying all of this out for us. Telling us about the newest trends in fitness. That is the show for today. Im kelly evans. Becky quick will be back next week. Thanks for joining us. Next week dolly pardon. Each week keep it right here. Were on the money. Have a great hello its our new intern, barts first week here at td bank, hes a robot from one of those other banks. Were training him to bank human. I am banking assistance registration technology. Wait, wait, wait. But you can call me, banking assistance registration technology. Hi amy. Thank you. Thank you. That is not protocol manager jenna. Thats ok bart, it is here. At td bank we do things differently, like having the longest hours of any bank. Dont just bank. Bank human. Today, a cry for help. A Community Looks for answers in the shooting death of an 8yearold girl. This morning, investigators are looking for the cause of this fire at this faylan county home. Well tell you what friends and family did to try to save her. And runners are doing the 10k today, live with a preview. Announcer nbc 10 news starts now. Good morning, and welcome to nbc 10 news today. Im lauren maik. Lets see how the weather will be for the