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New report details racial gap among US children: Asians, whites outpacing blacks, Latinos
• NEW YORK (AP) -- In every region of America, white and Asian children are far better positioned for success than black, Latino and American Indian children, according to a new report appealing for urgent action to bridge this racial gap.
• Titled "Race for Results," the report is being released Tuesday by the Annie E. Casey Foundation, which for decades has worked to improve child well-being in the United States.
• The foundation also produces annual "Kids Count" reports, with reams of state-specific data, but these generally have not focused on race. The new report tackles the topic head-on, with charts and ratings that convey dramatic racial discrepancies.
• At the core of the report is a newly devised index based on 12 indicators measuring a child's success from birth to adulthood. The indicators include reading and math proficiency, high school graduation data, teen birthrates, employment prospects, family income and education levels, and neighborhood poverty levels.
• Using a single composite score with a scale of one to 1,000, Asian children have the highest index score at 776, followed by white children at 704.
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Facebook CEO Mark Zuckerberg realized $3.3 billion gain in 2013 from remaining stock options
• SAN FRANCISCO (AP) -- Facebook CEO Mark Zuckerberg reaped a $3.3 billion gain last year by exercising stock options in the social networking company that he founded in a Harvard University dorm room.
• The windfall saddled Zuckerberg with a huge tax bill, even though he limited his Facebook salary to just $1, according to regulatory documents filed Monday.
• It marks the second straight year that Zuckerberg has realized a huge gain on the holding that he has accumulated in Facebook Inc. since he started the company in 2004. In 2012, Zuckerberg made $2.3 billion off his stock options.
• Zuckerberg, 29, now has exhausted his supply of stock options after exercising 60 million of them last year a price of 6 cents per share. He then sold 41.35 million shares for $55.05 apiece in December, primarily to pay for his tax bill on the gains.
• Zuckerberg and his wife, Priscilla Chan, also donated 18 million Facebook shares to a Silicon Valley nonprofit. The December gift, then valued at nearly $1 billion, landed the couple at the top of The Chronicle of Philanthropy's annual list of the (Continued on page 30)
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