Gail Mellow

Earlier this week in Chicago, Mayor Richard Daley said that he wants to close the “open-door” admissions policy at the City Colleges, which allows students to enroll in classes regardless of past academic performance. He says the system can’t afford to keep spending $30 million a year on remedial classes for students who aren’t prepared to handle college level work.

But for many students, remedial classes are their way into higher education, better jobs and more opportunities. 

Goldman Sachs is sharing the wealth - some of it - through its 10,000 Small Businesses Initiative, which aims to offer business know-how and support to Main Street. Melissa Berman, President and CEO of Rockefeller Philanthropy Advisors discusses whether it will repair the firm’s battered image. ...