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Walton family charity invests in Teach for America
BENTONVILLE, Ark. — The Walton Family Foundation revealed Wednesday that it will donate $50 million to Teach For America, a commitment that stands to nearly double the size of the organization’s teaching ranks.
The charity that was created by the founder of Wal-Mart Stores will mete out half of the funds over a three-year period, and will increase the number of teachers to 15,000 by 2015. The remaining half of the donation will support the training of existing Teach for America instructors in seven communities.
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Jobless claims hit three-month low
Washington, D.C. -- A report released Thursday by the Labor Department said that jobless claims for last week dropped by 24,000 to 398,000, the fewest since April.
Initial claims from two weeks ago were revised up to 422,000 from an original reading of 418,000. Economists surveyed by MarketWatch had expected new requests for jobless benefits to fall to 413,000 in the latest week.