Teen’s Science Project May Be Huge Breakthrough on Plastics
As part of a high school science fair project, a 16-year-old from Ontario figured out how to break down the polymers in plastic bags—compounds that can last for over 1,000 years—in about three months. (story)

Here's an excerpt of the most-dugg comment thread for 2008-05-24 :

I'm willing to put money on the fact that this kid A) goes to WCI (Waterloo Collegiate Institute), which is one of the best schools in Canada and B) has parents who are professors or other high ranking "intelligentsia".
Money can do a lot for education, but it's usually very indirect. Dropping money onto schools doesn't necessarily give you smarter kids, just the same kids with better resources. It may take a while for the whole "culture of education" to develop.
schooling ⊂ education
This pretty much means that every student will be losing 2-3 classes because we simply will not have enough funding to cover having electives. Among those electives is the student research program that has produced many young scientists, similar to this kid. As for after school activities? Heh. We can't possibly bother with those things anymore...
Throwing money at the public schools will not get you kids that will be more productive to society. It will merely raise the mediocrity bar.
As for NYC, it is a tragedy. Basically, society is a lie. It makes commitments it cannot keep. Besides the majority of kids in NYC public schools are poor, there is a significant percentage of them who are illegal immigrant. When a percentage can't even speak the language, and (while I don't completely agree with this) you go cater to every hispanic, chinese, korean, thai, haitian, (etc. etc.) minority group, that costs money to provide duplicate educational services. Here is the filthy crime. Instead of augmenting the amount of money NYC gets for education, Pataki, Guiliani, and the rich(er) suburbs conspired to TAKE education money away from NYC. It was so bad (and we have a flawed state constitution), it took a court case OVER ten years to decide, "yes, the state IS taking away education money away from NYC kids to give it to the 'burbs". And now, when times get economically tough, the politicians go and steal money from NYC public schools again.
Education problems won't go away by throwing money at it. Education won't improve merely by increasing average teacher salaries. Public education will only improve when society stops lying to itself, makes realistic, and not political, goals in terms of educational targets and policies, makes realistic budgets, and then works to dig itself out of its hole. Its just not going to happen.