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Stock futures higher on Wall Street
Stock futures higher on Wall Street The loans on its balance sheet continue to improve, and the bank's provision for credit losses fell to $336 million, from $2.2 billion in the same period a year earlier. Even its mortgage division, which took huge losses after the housing bubble popped

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Meritage Partners with iStar in Scottsdale

Meritage Homes Corp ., announced plans to jointly develop a 30-acre site at Artesia in Scottsdale, Ariz. with iStar Inc.

Artesia will include more than 500 luxury condominiums and townhouses, a private 10-acre recreational park with running and walking trails, resort-style pools and a 20,000-square-foot community clubhouse.

“Artesia will be one of the most desirable places to live in the greater Scottsdale and Paradise Valley area,” said Steve Hilton, chairman and chief executive officer of Meritage Homes. “The community caters to those looking for a health and wellness lifestyle with high-end homes, open outdoor spaces, mountain views and resort-style amenities. By forging strong relationships with our joint venture partner, iStar, we’re making Artesia a long-awaited reality.”

The initial development of Artesia was started in 2005 with 93 residences, 22,500 square feet of retail space and underground parking garages before coming to a standstill during the recession. The property was re-zoned by iStar in 2015, with unanimous support from the City of Scottsdale, to facilitate the new and exciting development plan.

California's Failing Grade in Charter School Facilities Financing

Harter schools are financed with the same taxpayer dollars that pay for public schools, but are managed by private companies. Passed in the early 1990s, the state’s original charter law created the charter school of the popular imagination — a statutory zone of deregulation that allows boutique schools to develop superior curricula geared to persistently low-performing students.

But beginning in the late ’90s, a flurry of changes to the law included generous facilities subsidies that effectively opened the door to charter management organizations (CMOs) — scaled-up corporate franchises whose overall performance has roughly mirrored that of existing public schools. From having fewer than 200 charters in 1998, California now boasts 1,230 schools with 581,100 students, giving it the largest charter enrollment in the nation . The California Charter Schools Association (CCSA) has vowed to nearly double that number by 2022.

In a prepared statement , CCSA brushed aside the report’s findings as an attempt to generate support for Senate Bill 808, a charter school reform measure authored by State Senator Tony Mendoza (D-Artesia). It also accused ITPI of a “well-documented and biased point of view on the role charter schools play in the public education system.”