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Small Business Growth

MPS considers school mergers and closures amid enrollment decline [Video]

FROM RACINE. A WORLD WAR II SOLDIER FROM RACINE. HES THE A WORLD WAR II SOLDIER MILWAUKEES MOST FAMOUS MURALS. THE ROLE HISPANIC HERITAGE PLAYS IN THE ART. OFFICIALS AT MILWAUKEE PUBLIC SCHOOLS ARE SIGNALING POSSIBLE SCHOOL CLOSURES AND MERGERS COULD BE INEVITABLE, RELEA BUILDINGS PLAN, JUST HOURS AGO. 12 NEWS KENDALL KEYS IS LIVE AT DISTRICT HEADQUARTERS. DISTRICT OFFICIALS ARENT NAMING ANY SCHOOLS AT THIS POINT. KENDALL: THE DISTRICT SAYS ITS TOO SOON TO SAY WHICH SCHOOLS, BUT IN THE NEW REPORT, SAYS CLOSURES AND MERGERS ARE LOOKING MORE LIKE A REALIT THEY SAY A SHARP DECLINE IN ENROLLMENT AND OUT OF DATE BUILDINGS ARE TO BLAME. >> ITS GOING TO BE CHALLENGING. KENDALL: MILWAUKEE PUBLIC SCHOOLS MAY BE BRACING CITY RESIDENTS FOR CHANGES INEVITABLY TO COME, RELEASING A 57- DOCUMENT LATE FRIDAY. >> THERE ARE OPTIONS, ONE OF THEM LOOKING AT A MERGER. KENDALL: THE DISTRICT REVEALING ENROLLMENT AT MPS IS ERODING, DOWN BY 14% IN THE LAST TEN YEARS. >> THIS IS NO DIFFERENT FROM OTHER URBAN DISTRICTS ACROSS THE COUNTRY. KENDALL: MPS FACILITIES DIRECTOR SEAN KANE SAYS ITS NO SECRET THE DISTRICTS BUILDINGS ARE OLD AND EXPENSIVE TO MAINTAIN. >> WE HAVE BUILDINGS THAT ARE 100 YEARS OLD. OUR BUILDINGS ARE ON AVERAGE OVER 80 YEARS OLD, SO WE HAVE TO TAKE A LOOK AT THAT. KENDALL: MPS FOR THE FIRST TIME SHARING CRITERIA FOR HOW A SCHOOL WILL BE EVALUATED. A SCHOOL THAT IS AT LESS THAN 50% CAPACITY, HASNT HAD ENROLLMENT GROWTH FOR FIVE YEARS, AND IS WITHIN A MILE OF ANOTHER UNDERUTILIZED SCHOOL IS A CANDIDATE FOR SHUT D >> I UNDERSTAND THERE IS SENSITIVITY TO IT, BUT THIS IS NOT SOMETHING THAT IS GOING TO HAPPEN OVERNIGHT. KENDALL: KANE SAYS CHANGES WOULD TAKE PLACE OVER THE NEXT FIVE TO TEN YEARS. >> WE ARE TRYING TO IMPACT THE STUDENTS SO THEY HAVE A BETTER LEARNING EXPERIENCE. THAT IS TRULY THE POINT. DERRICK: KENDALL, THE DISTRICT WANTS TO HEAR FROM OUR VIEWERS. KENDALL: RIGHT, DERRICK, MPS IS URGING THE PUBLIC TO VOICE THEIR OPINIONS. THEYRE HOSTING FOUR TOWN HALLS FOUR DAYS STRAIGHT IN EACH CORNER OF THE CITY. THE FIRST IS MONDAY AT RUFUS KING HIGH. WE HAVE THEIR ENTIRE BUILDINGS

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Small Business Growth

China caps week of bazooka stimulus for ailing economy with rate cut [Video]

China on Friday opened up over a hundred billion dollars in cash for its ailing economy, capping a week in which its leadership embark on one of their biggest drives in years to kickstart growth. The move by the People’s Bank of China comes a day after President Xi Jinping and other top officials admitted

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Small Business Growth

China cuts amount banks hold in reserve to boost lending [Video]

China on Friday cut the amount banks must hold in reserve, releasing an estimated $142.6 billion in liquidity into the financial market as leaders embark on one of their biggest drives in years to kickstart growth. The move by the People’s Bank of China comes a day after President Xi Jinping and other top officials