Michigan is paying Wall Street's Standard & Poor's (S&P) $10 million to run an online service that rates the state's school districts. Pennsylvania and other states are expected to follow Michigan's lead. Critics say it would be better to spend those millions directly on education.

S&P has been providing investors with information about the credit-worthiness of businesses and governments for more than 85 years. On May 25, S&P debuted an online school evaluation system that

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