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SACRAMENTO, Calif. - California's new 2025–26 state budget, signed by Gov. Gavin Newsom on Friday, promises significant investments in public education. The budget aims to enhance early learning and support educators across the state.According to the California Department of Education, the budget includes a $215 million investment in literacy, focusing on early-grade reading instruction.The budget also doubles the minimum grant for extended learning programs, which will benefit rural and smaller districts.State Superintendent of Public Instruction Tony Thurmond emphasized the importance of these investments.“This budget agreement reaffirms California’s promise to every...

A new survey of central banks suggests growing skepticism about the future of the US dollar and its role in the global economy. Analysts from the Official Monetary and Financial Institutions Forum (OMFIF) – an independent think tank organization concerned with central banking, economic policy and public investment – say there is a global shift away from the dollar and into other currencies, primarily the euro and the renminbi. In the 2025 edition of its Global Public Investor report, which surveys 75 central banks around the world, OMFIF says there...