Federal proposal seeks to create summer and youth jobs

The Washington Post – Steven Mufson

“The Obama administration unveiled a $5.5 billion proposal to create summer and first-time jobs for youths over four years and a $2 billion scheme to create apprenticeships over five years, the latest in a series of ideas that will be included in the federal budget plan next week. The proposals — part of a $12.5 billion package of new spending over five years — includes $3 billion to train people to lure firms to the United States from abroad or to keep them from leaving. The administration also plans to ask Congress to approve $2 billion in competitive grants that would be jointly administered by the Labor and Education Departments. The budget, especially in a president’s eighth year, is often more of an aspirational document than a real-life tax and spending plan, but President Obama has vowed to search for additional common ground with Congress during his final year in office.”(more)

BASF taking innovation where markets are

China Daily- Zhu Wenqian

“BASF director says the firm is coasting on its long history with China to industrial glory
BASF SE’s association with China goes back all the way to 1885. Over the last 130 years, the Ludwigshafen, Germany-headquartered 150-year-old multinational, which deals mainly in chemicals, plastics, performance products, crop protection products, petrochemicals, nutrition and health products, oil and gas, has made China key to its growth and evolution.
Sanjeev Gandhi, 49, one of BASF’s executive directors, now heads the company’s operations in Greater China and Asia Pacific. A BASF veteran, Gandhi has risen through the ranks over 22 years to reach the Board of Executive Directors.”(more)

6 Financial Lessons Your Kids Can Learn From Halloween

U.S. News & World Report – Sabah Karimi

“Whether you’re hosting a Halloween party for the kids this year, or everyone’s getting ready for trick-or-treating, working with a budget can keep your Halloween costs down. The National Retailer Federation predicts consumers will spend $6.9 billion on Halloween this year, with an average of $74 per shopper. This annual spend includes the cost of candy and Halloween decorations, and costumes account for the most expensive purchases…With all these purchases, you can use this holiday to set a good example for your kids to manage money effectively. Here are six key financial lessons you can teach your kids during Halloween.”(more)

Florida’s Scott Pushes ‘Career in a Year’ Vocational Program

Education News – Jace Harr

“Florida Governor Rick Scott is appealing to the public for approval of his education program in 2016, which includes greater collaboration between schools and businesses. Scott’s proposed program, colloquially called “a career in a year,” is a $20 million grant program that would encourage high school technical centers to teach skills Florida employers are seeking and prepare students for the workforce in one year of schooling. Its full name is the Technical Center Rapid Response Grant Program.”(more)

America’s Lacking Language Skills

The Atlantic – Amelia Friedman

“Educators from across the country gathered in Washington, D.C., this past Thursday to lobby in the interest of world languages. It was Language Advocacy Day, an annual event on Capitol Hill that is aimed at garnering more federal support for language education…Each year as national budget priorities are determined, language education is losing out—cuts have been made to funding for such instruction…Kirsten Brecht-Baker, the founder of Global Professional Search, recently told me about what she calls “the global war for talent.” Americans, she said, are in danger of needing to import human capital because insufficient time or dollars are being invested in language education domestically…And knowing a foreign language is an undoubtedly practical skill: According to Mohamed Abdel-Kader, the deputy leading the DOE’s language-education arm, one in five jobs are tied to international trade.”(more)

Your Back-to-School Shopping Survival Guide: How to Nab the Best Deals in August

The Huffington Post – Learn Vest

“The lazy days of summer are in full swing… which can only mean one thing. Back-to-school shopping — the second-biggest retail season — is officially underway…And if you’re like most harried parents, you’ll probably just end up heading to a big-box store at the last minute to pick up everything at once — and be done with it. Or you could do your homework and get better bang for your back-to-school spending buck by being a bit more strategic…So to help set you up, and your budget, for success, we’ve created a week-by-week buying guide in the countdown to September.”(more)